it's 5:00 a.m. at cnbc, and hear's your top five at 5:00 a new week, a new record maybe. stocks pointing to a higher open after hitting new highs last week also at new highs, covid cases more than 1 million in two big states alone, but treatments are getting better and a vaccine may be getting close call it a merger monday, the banking sector bracing for its second biggest deal ever since the financial crisis in d.c. president trump reportedly looking to cement his legacy and hard line stance against china over the past four years. and something cool to lift

off your day, an historic launch for nasa and elon musk's spacex after months of delay. it is monday, november 16th, and you're watching "worldwide exchange" right here on cnbc ♪ well, good morning, good afternoon, or good evening, and welcome from wherever in the world you may be watching. i am brian sullivan. thank you very much for joining us and speaking of good mornings, a hearty congratulations to new masters champion dustin johnson for his record-breaking performance at augusta, georgia, securing the green jacket, you know, just 20 under par. wow. much more on his big win in a moment but first, investors winning in the stock market lately as well and more may come today futures, they are up nicely again. look at that higher across the board. dow futures up 300, nearly 1%.

nasdaq futures up about half a percent or 63 points remember, the dow is now just 1.5% off a record high the s&p 500 coming off a record breaking session friday. the nasdaq just 2.3% from its own record but it's really the little guys who continue to post the biggest returns lately the russell 2,000 coming off a record close itself gaining more than 6% last week alone. now if you've been paying attention you know we have talked about small caps on this show for months. you want to watch them because they're a big domestic u.s. economy play as we can hopefully begin to see the other side of this pandemic and lockdown and speaking of market stats last week was so good that our rbi later on in the show will hit not one but two pretty remarkable stats about stocks and both have to do with your favorite decade. don't hide it, the 1980s you have to hear these to believe. meantime, around the world

the number of different storylines this monday morning including uk prime minister boris johnson says he has been forced to self-isolate this morning after meeting with a minister of parliament who later developed covid-19 symptoms. johnson expected to continue working from home while in isolation. this coming as angela merkel and the rest of the german government are considering new covid lockdown measures to halt their rise in infections such as limited household gatherings and implementing new mask mandates merkel expected to meet with the heads of germany's 16 states today. for all of this and more on how it's affecting the markets, let's get a check with julianna tatelbaum. a lot of green on the screen all systems go in europe european stocks are extending last week's gains. the stock 600 gained about 5%

last week and nearly every region is trading higher this morning. investo investors shrugging off covid concerns coming back to markets we have the french index up about 1.25%. it is the spanish index that is outperforming this morning led by the spanish banking stocks. that market is up about 2% the swiss index is hovering around the flat line as we've seen underperformance in health care stocks and that comes as investors have poured money into the banking sector as well as oil and gas, the two best performing sectors this morning. you mentioned it's a big day for single stock stories two of the highlights. let's kick off with renault. nissan is reportedly exploring a sale option for its 34% stake in partner mitsubishi sending shares in the ex-trailer maker in tokyo

nissan could sell all or part of its stake amid concerns the outlander will struggle to recover. vodafone shares have hit their highest point after full-year earnings outlook was raised. it hailed a resilient first half after posting results in line with expectations and shares are up 3.6% this morning brian? all right, julianna, thank you very much. meantime, back home here in the states alarming new numbers around the covid-19 outbreak and the state-by-state responses rahel solomon is here with that and some of the morning's other top headlines. good morning good morning let's start with michigan and washington state and the latest to impose sweeping new restrictions in response to increasing covid-19 caseloads. they include halting indoor restaurant service and further limiting the size of indoor gatherings michigan governor gretchen whitmer ordering a ban on in-person high school and college classes. brian, this as the u.s. confirms

more than 11 million total covid cases nationally and more than 68,500 current hospitalizations, more than at any other point during the pandemic. in other news pnc has agreed to buy the u.s. operations of spanish bank, bba, for $11.6 billion. the all cash deal will create the fifth largest u.s. bank by assets and comes six months after pnc sold its stake in black rock for $17 million the first large bank merger since they bought sun trust in 2018 and since the financial crisis and finally this morning simon property group, the largest mall owner in the u.s., has reached a revised deal to buy rival taubman centers, a day before the two were set to meet in court over simon's attempt to walk away from the deal originally struck in march before the pandemic. now under the agreement, brian, simon will pay $43 per share, a

9% premium on taubman's current stock price, but it's significantly below the $52.50 deal in february they will share one-third at the transaction price leaving them with about a 20% stake you can see simon is up almost 4% and taubman up 8% is what i saw there, brian. >> so the question is this, when is the last time you were inside of a mall? >> i couldn't even answer it certainly not at 5:0 i need another cup of coffee to think that far, brian. how about you? >> i think that's the point. nerpt of us can remember and i think that's why they had to revise that down it's been since february or march. we'll see you again. get that coffee. >> on it back down to washington where president trump continues to stand by his claims of election fraud, refusing to concede the election to president-elect joe biden going as far as to tweet just five hours ago, i won the election. twitter flagging that comment.

this coming as the trump legal team drops a major part of its lawsuit to halt pennsylvania from certifying certain results. the lawsuit now focuses solely on democrat leaning counties that allegedly allowed voters to fix errors on mail-in ballots. nbc's tracie potts joins us with more good morning >> reporter: brian, good morning. let's go back to the tweets because that really seems to be a big -- it looked like initially that the president was starting to accept the election result but then based onthose continued disputed flagged tweets, he didn't. he won, words the world has been waiting to hear from president trump. >> i think that's the start of an acknowledgement >> reporter: but followed by multiple disputed claims of election fraud declaring i concede nothing and i won the election

president obama's advice on "60 minutes. >> if you want at this late stage in the game to be remembered as somebody who put country first, it's time for to you do the same thing. >> reporter: but the administration is still blocking joe biden's access to intelligence briefings and his team isn't authorized to work with the government on vaccine distribution >> we need to be talking to them as quickly as possible it's great to have a vaccine, but vaccines don't save lives. vaccinations save lives. >> reporter: one of the top coronavirus advisers agrees. >> of course it would be bet fer we could start working with them >> reporter: 11 million americans have been infected with covid-19, and that number is growing daily >> we are in a very dangerous period, the most dangerous public health period since 1918. >> reporter: democrats are pushing senate majority leader mitch mcconnell to approve relief >> no more stomping your feet. get something done >> reporter: covid aid going nowhere and the transition on old. hold.

now back to that pennsylvania lawsuit. it's still happening, but a key part of it has been taken out. they are still arguing that counties with a lot of democrats allowed people to go back and fix technical issues with their ballots like they didn't have an inside envelope or didn't sign it and republican leaning counties did not that is the gist of the lawsuit going forward. there's a hearing on that tomorrow, brian. >> all right, tracie, the ceo of newsmax is responding to reports president trump and some friends may be interested in buying out the conservative news outlet to try to take on fox news. what do you have on this story >> reporter: yeah, this was an interview in "variety" last night, saying they're not interested in becoming trump tv. there had been multiple questions and even some offers and some interest by private equity firms of buying out newsmax including this reported trump offer but he says, no, we don't want to become trump tv,

but he left the door open saying that president trump, after he leaves office, will be a force and they might be interested in a weekly television show with him. >> yeah. i heard or read somewhere that book deals could be worth $100 million for the president and his family or something like this it's going to go on after the election or the inauguration, i should say tracie potts, thank you very much have a nice day. back down to the markets as stocks look to add to their recent record run, now we have been focusing on this program on the small caps the last couple of months because they're the best play for the domestic economy recovery especially with the russell at record highs and, by the way, so is barron's stocks can benefit from a turnaround in the american economy, the cyclical stocks and rising interest rates. joining us is capital management

founder and chief investment officer bill smead i have no idea what time it is there. we do appreciate it. you probably just stayed awake i'll leave it at that. this is a big time so we appreciate you coming on the program. are you playing the small cap domestic recovery story? >> well, we're in phoenix, arizona, so we're mountain time. it's not quite as bad as it used to be when we were on the pacific coast time we are -- we have been and we are because we're buying form formerly large cap stocks that were decimated and are no longer large cap stocks we're getting involved in this only because of how brutal the market has been on value and you mentioned already in your newscast simon properties. we own simon properties. we have about 2.7% of our portfolio in simon

i'm going to pick on you a little bit, brian, when you ask somebody that's probably in new york and if you're in new york and you ask somebody if they've been in a mall, the answer is can't remember when. and then if you ask somebody from phoenix, they'll say twice this week. what's wrong with people's thinking is we are at the very end of the imprisonment of these quarantines. now the current episode is nasty. don't get me wrong it's nasty but the appetite for local entertainment and the value of the underlying property is going to go through the roof staycation will be the magic once we get out of this jail >> when you drive around the country the attitude is very different than it is here in the northeast.

what we see and live in colors our coverage of it no doubt about that. certainly cases spiking either way. as a major shareholder are you happy with that revised deal for taubman? do you still think they have a fair price did they still overpay even though they're paying less >> i think based on where we are right now and david simon has done it again. he is buying all the right straw hats tomorrow in the winter and it's very fair because the deal was done right before the covid thing hit. these people own a massive number of acres of land in the most attractive locations all across the country

a deal in orange county where taylor morrison, the home builder, bought a bunch of land from one of the mall owners because they probably want to build condos or town homes on the property for $160 million for one of these tiny market cap establishments >> not a bad idea in california, right, the car culture more of a walking culture. we have opec technical meetings this week. we talk about the future of oil and gas and fracking in america lately i see you're a big owner of continental resources. you're obviously not scared off by the current price point or current political environment. >> brian, we always have our outlandish thought of the year for the last two years it was that the millennials would

eventually move themselves all across the country to find a better cost of living outside the coastal cities now we have a new outlandish thought. our new outlandish thought is joe biden doing a fire side chat with the american public in two years wearing a cardigan sweater asking people to turn their thermostats down so people in california can charge their cars >> continental resources listen, we forget this during the obama administration the only industry that grew jobs for years was oil and gas. we'll see if the president elect has a memory of that always interesting we appreciate you either getting up or staying up best to you and yours out there in phoenix thank you. >> thank you when we come back how china pivoted to try to drive the world's largest international trade deal plus, bracing for iota a category 4 storm

we have a very busy hour still ahead. dow futures up 276, and we are back right aft ts.erhi ♪ you can go your own way

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it's your wireless. your rules. only with xfinity mobile. president trump will reportedly enact a series of hard-line policies during his final ten weeks in office. it's all part of an effort to cement his hard line legacy against china. according to axios news. all of this comes as 15 asia-pacific companies yesterday signing the world's biggest free

trade deal with china at the helm and the u.s. on the sidelines. joining us now from beijing with more on this deal, eunice yoon >> reporter: this massive trade deal that was originally designed and pushed by china in part to act as a counterweight to the u.s.-led transpacific partnership which was a trade deal that was meant to move asia closer to the united states. so this one is called the rcep and covers 15 countries, 15.2 billion people and combined gdp of $26.2 trillion. critics say this is a shallow agreement but its advocates have argued that it did make progress in a couple of different ways. first it simplifies the rules of origin of a product, the first free trade deal between china,

south korea and japan, seen as something very difficult to do because of the regional rivalries, and it also aims to tighten supply chains by getting rid of a lot of bureaucracy and tariffs. it would become more like a trade zone like the eu what it doesn't address are the stickier issues like ip, labor, state subsidies, services. one of the reasons india has quit the deal and doesn't have u.s. influence in this regional trade pact and because of that, brian, this is really seen as a win for china. it's not necessarily china led but because of china's dominant size in the pact, everybody think that is china will be the one setting the standards of trade in the region. >> is there any indication on the relationship between president xi and president-elect

joe biden? >> reporter: so far president xi has yet to congratulate president-elect biden even though the foreign ministry did extend their congratulations to the president-elect. what's interesting about the latest development it pushes president-elect biden into a situation he's going to have to make a decision if the u.s. will join the tpp or would join rcep. right now he hasn't given any indication that he would also on the campaign trail we've known both republicans and democrats have been critical of the tpp and trade with china it will be difficult for him but, most morning, brian the president-elect has made it clear his priorities are the economy in the united states as well as a pandemic so people here are thinking that asia is going to be lower on the priority list.

>> well, that's going to be a heck of a first call between xi and biden when it happens. we look forward to your reporting on it as well, eunice. have a great night thank you very much. all right, still on deck, talk about putting your chips on the table. the stock barron's says could run 20% higher next year after a terrible year this ear it is your mystery chart who is it? dow futures up 300

your news headlines. hurricane iota has strengthened into a category 4 storm with maximum winds of 145 miles per hour as it sweeps over the caribbean. forecasters say iota could become a cat 5 hurricane by the time it reaches central america. evacuations are being ordered in low-lying areas in nicaragua and honduras spacex successfully launched their crew dragon capsule marking a major milestone for the company and for nasa sending four astronauts to the international space station. this marks the first operational mission as spacex embarks on a new era of chartering flights for nasa dustin johnson swung his way into the history books on the final day of the masters johnson kapt off his run with a 4 under par winning by five strokes. his last day propelled him to 20 under par for the tournament making him the first golfer to

shoot 20 under in masters history. 2019 champion tiger woods, who finished 19 strokes behind johnson, awarded the champion with his first green jacket. if you saw that, wow, how emotional he was he couldn't even talk. couldn't even compose himself. brian, i'm sure you were watching >> yeah, it's funny. at the end there they do the fist bump, i guess because the pandemic but yet nobody is in masks. if you're just going to be in the room together you might as well hug it out or something $2.1 million >> the tears and everything. >> $2.1 million. i would be crying, too fantastic. thank you very much, frances have a great day congrats to d.j. it wasn't even close stocks set to surge as investors await one key data point what former hhs official turned wall street analyst has to say about its prospects. later, did your trip to costco

ever end with an $18,000 private jet membership i'm guessing no, but now it can. that and your other top trending stories when "worldwide exchange" rolls on after this. ♪ you can go your own way

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so choose a data option that's right for you. get 5g included and save up to $400 dollars a year on the network rated #1 in customer satisfaction. it's your wireless. your rules. only with xfinity mobile. stocks and your money looking set to keep last week's momentum riding high the dow marching to a new record high futures up 262 johnson and johnson becoming the latest drug maker to kick off a

critical late-stage virus vaccine trial and the race to get a treatment to the public. and are we going to party like it's 1987 how history looks to repeat itself with the s&p's blockbuster start to november. it's a stat you have to hear it's your rbi, and it's coming up on this monday, november 16th and this is "worldwide exchange" here on cnbc ♪ the song is a hit to the rbi or maybe the year of the rbi and a market stat you have to hear to believe welcome back, everybody or welcome. 5:30 rubbing your eyes, getting your coffee it's good to see you time to hit your monday money. futures are up and they are up nicely dow futures up not quite 1%.

nasdaq futures lagging a bit but still in the green we'll have to wait and see how the market shakes out on this monday morning a good run for stocks. remember, the dow is just 1.5% from its all-time record high as well the s&p 500 hitting it as well the nasdaq 2.3 off its record high as well so, again, those are the numbers that you need to watch. small caps continue to shine lately the russell 2,000 gaining more than 6% last week alone. it's been a big run for the small caps, a sector we've talked a lot about on this program the last couple of months the ongoing outbreak and one retailer with safety precautions. rahel solomon is back with that and the other top headlines. good to see you again.

>> reporter: let's start with walmart resuming monitoring the number of customers entering the store. in april walmart had begun restricting to roughly 20% of the store's capacity but later relaxed that initiative. walmart selling a majority stake in supermarket chain cu to a group including kkr bringing in the bid to crack the retail market american airlines planning to cut much of the service to london amid weak demand due to surging covid cases. they will still be able to get to london via the joint partner british airways. and finally this morning johnson and johnson kicking off the late stage trial of the vaccine in the uk they will study on 6,000 volunteers on a two dose basis during the phase three trial it marks the third to enter late

stage trials including the astrazeneca treatment. brian? all right, thank you very much, rahel. we're joined now by the principal at health care policy at raymond james and former senior official at health and human services, also out with a 73-page report, by the way, late last night, chris, which i got this morning and flipped through it as much as i could. startling headline you've got which is basically a million cases a day is looking like a promise not a threat we look at the numbers, case counts are up. hospitalizations are up. thankfully it does appear fatality rates have come down as well exactly where do we stand right now? >> yeah, that's a great question and at the end of the day we've been saying since the beginning of this virus it is between 0.5

and 1% early on it looked much worse partially because we weren't testing enough people so we had no idea really how many cases were out there we have a much better idea now and more than 100,000 a day. in june dr. fauci said if we don't change behavior we could reach a point this fall where we have 100,000 a day now that seems like the goal to try to reach rower than what the threat is because we're just blowing through the numbers. now we may have 100,000 hospitalizations a day i think the vaccine news is extremely encouraging. it's important to remember that's not something that will solve the problem in a day, a week, a month or even a few months from now. we have this crisis now in the united states we have to address or lockdowns are coming. >> it gives us the most important thing, a hope, i can

tell my teenage daughter we're probably looking at spring of next year but we are seeing the other side of this >> absolutely. we have the pandemic, i think chris eloquently talked about the resurgence, but i think the best case is at least the pfizer vaccine, perhaps others will be widely distributed in the second half of 2021 and that would mean we have deferred utilization picking up the stay-at-home stocks have seen a rotation out not just more broadly but also in health care a few more of the reopening stocks like hospitals and most importantly a little bit on the device companies as well on the other side, though, as you think about the investment landscape in health care you have to contemplate against the backdrop of this pandemic, the election results and the scotus hearing on november 10th of the

affordable care act. most likely now we will have president biden sworn in in january. we have divided government which means no public option that led to a nice rally and the scotus hearings were clear that justice kavanaugh and chief justice roberts would support the law even if the mandate was declared unconstitutional you have all of these things put together i don't think the biden administration in my view with this pandemic and with the pharma stocks and the pharma companies really, if you will, coming through at warp speed on a vaccine and the hospitals seeing financials and other pressures will see much pain in terms of draconian policy reform >> that november 10th supreme court hearing certainly, chris, will be a big one. we do forget that there are

other things aside from the pandemic we need to focus on it looks like obamacare will stand at the november 10th hearing, at least kavanaugh and roberts tipping their hats the way we think they are. aside from the pandemic, what do you think are some of the policy priorities vis-a-vis health care >> i think the election and the affordable care act case were lar largely declaring events i've responded to medicare for all, people worried about a public option, people worried about democrats getting 53 to 55 senate seats and the filibuster going away now i can say health care is relatively cheap come on in the water is warm. the biden administration is likely to obviously covid is going to be number one number two encouraging people to get into the exchanges and then

i think we'll continue to see a moderate agenda where they continue to straadvance care and encourage people to find lower cost alternatives in some ways we shouldn't see the big disruption which has provided relief and why managed care is up more than 10% since the beginning of november and probably has a lot of room to run. >>united health, they could be moneymakers under what looks to be a fairly moderate new policy priority group. >> absolutely. i've been managed care for a long time. we've seen a rally i think the quality names, united, humana, a senior story, a home health platform, these are the names. on the value side in managed care now with the likely

reopening in the second hatch of next year, cvs becomes an interesting value play and the government powerhouse with innovation platform and the aba by scotus preserving is pretty well priced here. >> you look at the global response, chris, this show "worldwide exchange" goes live if every time zone the u.s. media is u.s. centric, which is disappointing at times, but that's the way it is we look around the world and everybody is slam the united states when you look at your data, belgium has the highest fatality rate in the world. italy, the uk, many metrics worse than the united states is it kind of going to be all countries for themselves once these vaccines start to roll out? >> i think we've seen all countries for themselves

the biden's administration wants to rejoin the health organization and continue to advance is positive from a global health pandemic going forward. i think the american citizens expect their government to prioritize vaccines at home. hopefully we get to a point where we have pfizer, moderna, j&j, astrazeneca and others, do we have multiple candidates that can be available globally to meet the need out there. my additional hope is we get to a point where americans are willing to take the vaccine. i think the advocacy rate, the implied one out of pfizer, above 90%, will encourage more people to do so but at the end of the day we need people to get these vaccines and i'm a little concerned that the public is still skeptical of that and increasingly concerned the virus -- eshlgs >> chris meekins, ana gupta, we'll have you back on soon.

an op-ed yesterday saying it's up to the governors, up to the states thank you very much, ana and chris. all right, on deck costco offering up something with that, you know, five gallon jug of mayonnaise -- a private jet subscription it is participate of your trending stories and it's coming up as we head to break some of your other top stories a plan to raise cash as oil prices get stuck right around $40 a barrel according to reuters state-owned company has hired banks including goldman sachs and morgan stanley to arrange calls with investors for a multitranche bond deal a group led by a filing a complaint with german and spanish authorities over the tech giant's online tracking tool allowing iphones to store users' data without their consent and barron's on intel, the

magazine says shares are down more than 20% over last year, the company has shown a willingness to try new things and still makes about 80% of the cpus used in pcs around the world and 94% of chips used in servers. "worldwide exchange" is back with dow futures up 270.

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a record breaking pigeon, that's right, i said pigeon, holiday cheer rockefeller center despite the pandemic rahel is back with some of the top-trending stories i thought there was a typo but pigeons are now the new million-dollar asset class >> they never tell you that you'll be talking about pigeons but here we are, brian good morning again yes, a racing pigeon has just set a record but not for a race. a belgian pigeon was sold after being put up at just over a little over 200 euros. broke the record previously set of $1.4 million by a pigeon named armando. the more you know. holiday cheer arrived in midtown. the christmas tree went up after its long trip. the 75-foot-tall tree will be lit. the lighting, however, will be

aired fashionly on nbc check it out there brian, a new membership option at costco wheels up is offering 12-month membership for $17,500 that price tag, however, includes the right to book flights. you still have to pay extra for the flights themselves and, by the way, if you want to make your first flight a little more interesting the retailer has started selling a whiskey ornament set for the holidays. 12 days of christmas, brian. i believe that goes for about $55. costco has you covered this year for all of your -- >> take those on the king air. i don't know what the per hour costs are. there are people probably on this network who do know that. i don't know the bird -- i was thinking about that bird and i thought literally the $2 million pigeon

works for bird seed. it has to be the cheapest sort of housing and maintenance cost per investment of anything in the world. >> that's fair there's a huge return on your investment because the theory is maybe a chinese person bought the pigeon because, you know, you can make a lot of money racing the pigeon and breed it there's that >> it's a female the males apparently fetch more money because they have the offspring. >> not this time the ladies are coming in strong. >> i know. the ladies are coming in hot at $2 million for a pigeon. i'm just going to keep saying pigeon all morning your morning rbi, trying to pigeonhole the stock market, the s&p 500's best start to november since when that's your rbi. plus, valerie grant is here with

whether stocks can keep this moment tum going into 2021 we're back after this. need better sleep? try nature's bounty sleep 3 a unique tri layer supplement, that calms you helps you fall a sleep faster and stay a sleep longer. great sleep comes naturally with sleep 3 only from nature's bounty

♪ remember, it's not mike and the mechanics it's mike plus the mechanics. we're playing all this '80s stuff for this reason, it is time for your morning rbi and today's most random but interesting thing is actually two things both related to the stock market and both related to arguably one of the weirdest and probably musically the worst decades ever let's admit it, the 1980s. last week in the stock market was one for the history books, specifically the preppie handbook the saab 900 and izods first for energy, last week the

s&p energy sector rose nearly 7 17%. monday energy had its single best day since 1989. ps, a minor opec meeting tomorrow here is your real rbi. the s&p 500 now on pace for its best first ten trading disto a month since all the way back in january of 1987. that's how good of a start to november it's been of course extremely good news about a potentially lifesaving vaccine on a deadly global pandemic will do that. and it should. so for the markets it's the 1980s all over again, but hopefully not with the music for more on what may be in store for the markets joined by valerie grant, alliance bernstein senior vp and senior portfolio manager, for responsible investing. i will not ask your opinion on '80s music i'm not sure there's a lot to opine on

next year, 2020 at some point will end are what your macro expectations will it be the roaring '21s? >> i don't know if it will be the roaring '21s but i think things are definitely improfx. if you look at some of the underlying data, consumer expectations are improving the unemployment rate declined to 6.9%. the employment numbers were pretty good that we saw recently and overall things are getting better obviously the prospect of a vaccine for covid-19 is very encouraging, and i think that we will slowly get through this in that this will flow through to company profits and equities we also talked earlier in the program, valerie, about policies and the incoming

administration the move to renewables and more sustained has been hot and will stay hot the names aren't maybe the names you think. jim krcramer had waste manageme on it's a name he likes you like it because it can kind of be an esg play. >> it's a very interesting company. these are the stocks we like to uncover. waste management, you're right they haul away your garbage. you're thinking what's so environmentally friendly about that once they actually collect the garbage and take it to the landfills they have technology to capture the gases that come out of the landfill and reuse that turn it into natural gas which fuels their truck fleets this is an example people call

the circular economy you're producing emissions, yes, but you're using those emissions for energy which is quite remarkable we love to find companies that have these types of solutions and they don't depend on any change in policy they're already implemented. >> yeah, and if you don't know next air energy, they used tore florida power and light, 100-year-old company, the electric company many of our consumers use. they don't do media. i've talked to them, reached out, invited the ceo on. we're going to respectfully pass the biggest wind company -- not in the world but close to it this is a massive renewables play >> wind and solar. and so this is another company that, you're right, on the surface you look at next air, what's so interesting about this they're investing capital and

that's where they see the future based on the underlying economics. while it would be great if we had a policy backdrop that was favorable in this instance the cost of renewables has come down to such an extent they're investing capital in this way because it's a profitable way to run their business we're seeing more and more of this particularly with some of the mid and large company companies. they're innovating to ensure that they are fit for the future >> you look at the other, i guess, names that you brought to us this morning, valerie, a name like a walmart and, again, is this more of a government will pick the winners or a long-term great play >> i put walmart on the list along with several other large consumer companies because i'm

looking at labor managing practices. i'm looking at the "s" in esg. investing in wages, benefits, educational opportunities, mobility programs for their employees. i think that's a leading indicator of optimism for the future and it will lead to a more sustainable economic recovery so that's why i put walmart on the list >> i'm talking a lot about esg on this network and i will for a long time more have a great day thank you very much. folks, thanks for watching we'll see you tomorrow "squawk box" is next ♪ you can go your own way

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good morning futures pointing to a higher open again stocks look to extend last week's big gains liftoff spacex launching four astronauts to the

international space station. it marks the first full taxi flight for nasa by a private company. and history in augusta dustin johnson winning the masters with the lowest score in tournament history it's monday, november 16th, 2020 "squawk box" begins right now. ♪ good morning, everybody. happy monday and welcome to "squawk box" here on cnbc. i'm becky quick along with andrew the equity futures because, as joe mentioned, you are looking at some big moves once again this morning dow futures indicated up by 282 points the dow is only about 72 points from a new high. so if we were to close at the levels that we'r