one, too what have you got for us >> i would basically want -- i want to change mine on the fly i'll do shack, actually. i have a bunch of stocks that are reopening stocks but this is breaking up -- >> i have to go. weiss, give me a quick name. >> tlt puts, scott >> alibaba. >> thank you "the exchange" is now. >> thank you, scott. welcome to "the exchange," everybody. i'm kelly evans. here's what's ahead this hour. do we have a deal? senate majority leader mcconnell says a compromise is within reach on the stimulus and the president agrees we'll speak with one of the senators leading the jobless benefits push in just a moment. plus, if you bought bitcoin and looking to take some profits, be prepared for a potential tax hit. we have the details. goldman touts tesla. car buyers are shifting gears

and an inside look at where recruiters see job growth. let's have more from dom chu. >> bitcoin is the not only the only thing up. the market hitting record high levels, specifically with the s&p 500. goldstar and the nasdaq composite, both hit record levels the s&p up 0.2, outperforming the nasdaq, up about 0.50% one key places that's been playing catch-up in recent weeks and months has been the emerging market stocks. this particular tick etf, ticker eem has been lagging the s&p 500 but as of late has been up a huge surge if you take a look at this etf over the last two years, only up 20% but this is the best level since january 2018 point it's up 67% since the pandemic lows

emerging market playing catch-up the stock of the day, not all green today. the biggest grocer publicly traded in america is kroger. it's off 5%. sales fall a little shy and even though it ups its full-year profit forecast, it still comes in below some analyst estimates. it kind of tells you a little bit about what is happening with the pandemic stocking up trade it was a big beneficiary, will it be in the future if the pandemic continues to go the way it is? those shares down 5% kroger i'll send things back to you >> you're exactly right, dom who would have necessarily put kroger and zoom in the same basket but sometimes they trade that way, especially on a day like that. we'll see you in a bit. from democrats pelosi and schumer yesterday to republicans mcconnell and mccarthy today and the president himself, it seems all of washington is on board with passing the stimulus relief

package. let's get down to ylan with the latest. >> that's right. you're hearing ever the president say he believes they're close to a deal as republican leadership indicates that negotiations are moving in the right direction. >> so, compromise is within reach. we know where we agree we can do this let me say it again. we can do this and we need to do this. so, let's be about actually making a law >> now, mcconnell has not yet gotten behind the bipartisan framework that was released by a group of senators earlier this week he also said that there are still significant differences between what that plan does and the plan that he has put forth himself, specifically the bipartisan framework includes $160 billion for state and local aid and $25 billion in rental assistance mcconnell's plan leaves both of those items out.

and even in the areas where there is some overlap, they still need to hammer out some of the final details, including exactly how to extend unemployment benefits. so, kelly, we are expecting to get the legislative text of that bipartisan framework some time next week. we'll see if that's enough to keep this ball moving. back to you. >> but would you say that it -- the movement we've seen so far this week appears to have democrats saying, okay, we can -- we can do 908 we don't necessarily have to stick with the multitrillion dollar figure. and the assumption is mcconnell, even though he's saying $600 billion, would ultimately come up to that same level? >> well, we don't know right now what democrats are trying to do by getting behind this $908 billion plan is put the ball back in mcconnell's court and to see if he is actually willing to make that move what we're hearing from some of the more rank and file republican senators is that they do support this. that this is a baseline for

negotiations there's still going to be some hashing out of the details but they seem pretty positive about it and so we are at a place where there appears to be something within striking distance the question is, we've been at this place so many times before and have not been able to carry this ball over the finish line there's a deadline because of the government funding bill. there's a deadline because lawmakers want to get home for the holidays will all of that be enough to finally get this deal done >> yeah, we're journalists, we know how a deadline helps get stuff done ylan, we'll check back in with you soon. one of the sticking points, as she mentioned, throughout these negotiations has been the extension of the extra 600 bucks a week in unemployment benefits. it's something senator ron wyden and his colleagues have been pushing ford, and senator wyden of oregon joins me would you be comfortable with the $600 a week figure >> i wouldn't. the fact is the person who is

least interested in real compromise, actual compromise where working families get a fair shake, the person who's least interested in a real compromise is mitch mcconnell. he has basically said it is my way or the highway the fact is on his proposal, it actually shrunk what he was offering previously. for example, there was no weekly boost in unemployment. when i negotiated the original agreement with steve mnuchin on behalf of the trump administration, both sides gave, we gave, they gave mitch mcconnell sure isn't doing any giving now but we're interested in trying to find common ground that protects workers and helps our country when we're having record numbers of coronavirus cases >> yeah, i take your point but the whole issue here is compromise you know, you have a party who on the one hand wants a

multitrillion dollar bill with the level of benefits you say and the other party interested in a much, much smaller scaledown figure that would provide in the 908 billion version, $300 a week you wouldn't vote against that, would you, if it was that or nothing? >> i will continue to be sitting at this desk in the dirkson office building as i did when he with put together the original compromise on unemployment benefits to try to find common ground but let's understand what we're talking about. we're talking about unemployed workers, unemployed through no fault of their own, needing to make rent, they need to buy groceries, they need to get heat, they need to pay for medicine for their family members. mitch mcconnell doesn't want to help with that but he wants to give tax breaks for business lunches. that's not a compromise. >> what about the ppp program, you know, we got details this week about what portion of it went to larger businesses versus smaller ones there's still controversy over

whether these loans should be entirely forgiven. in the meantime, industries, especially like the restaurants, some hotels, are really hoping there's going to be another round of aid would you support more ppp funding? how much so? and does the $908 billion bill have a sufficient amount in it >> it is urgent business because in oregon and across the country, our small businesses, the restaurants and scores of others, they basically have been hit by a wrecking ball so many of them, big reductions and street traffic we've got to get them additional financial help and more flexibility in terms of using it i think there's a consensus among members of the united states senate on doing it and it autd to be part of a balanced package. i can tell you there's some heavy lifting to do now, given the fact that mitch mcconnell has stonewalled so and actually, as i say, shrunk from his original terms.

that's what happened on unemployment >> senator, before we go, what would you tell investors who are trying to figure out, you know, just how close we really are this time around there has been a flurry of action this week from both parties who seem to be open to this compromise. does that mean there's greater than 50-50 odds this bill is passed, becomes law and the money starts moving before the end of the year? >> i would tell investors that we've got the framework. that's what the bipartisan proposal does. it, in effect, lays out a structure around something you can build on that would be good for our country, but there is an awful lot of heavy lifting to do i want people to know it's the ranking democrat on the senate finance committee. i think this is hugely important. this is like a social contract almost our country is hurting, our businesses are hurting everybody has to step up and be a part of that social contract so we can get an agreement that's fair. >> all right

well, if it were a month or two ago, i would have definitely wanted to talk to you about section 230, and that was in the news again this week. >> we'll do that again. >> please come back -- absolutely another huge issue, one of the co-authors senator wyden, thank you for your time today, we really appreciate it. senator ron wyden of oregon. the sudden traction may be, after listening to that interview, on a stimulus bill is helping drive stocks higher today. the s&p and nasdaq hit new intraday highs the dow was back above 30,000, and for more on this rally and the rebound, and in the opening names, let's speak to bryce dodi i would like you both to react to what we heard from the senator. what is your thinking on the fate of the next relief bill at this point >> i'm really glad both sides have come to the table to address the needs of the people they are supposed to represent

i have a soft spot for people that work in the industry industry i actually put myself through undergrad as a waitress. and i cannot imagine what their lives are like right now so, i am encouraged we're back at the table, finally. >> right and bryce, it seems like the market is very encouraged as well look at some of the reopening names today that are taking off, some of the airlines and that sort of thing. is it -- are we right to kind of price in this getting done the other thing i was thinking as we spoke to the senator is, doesn't it depend on what ends up happening with the georgia results? doesn't it depend on what we think the makeup of the senate will look like in another month's time in terms of whether democrats want to get a deal done now or later, and same for the other side do you think the market is right to move so much on the headlines this week? >> well, there is a lot of posturing going on in congress you're right, there's so many

things at stake and up in the air with what could happen in georgia. and neither side really wants to bank to that outcome i think they want to get something done rather than later. there is an additional sense of urgency just from how bad things are getting, as the amount of shutdowns stack up it becomes more and more imperative that they do something. and it's interesting when you ask the senator the question, how do investors gauge the likelihood of a case -- a deal getting done, and i don't measure it by what they're actually saying in terms of like $600 a week versus $300 because they're just bludgeoning each other politically. what i use as a gauge of the likelihood of it happening is the intensity of their words as you saw from the senator, they're intense. it's getting ramped up i think the market is correct in pricing in some stimulus

i think it's closer than ever, just based on the intensity of the discussions. when no one is talking to anyone or not saying anything, that's when the market shouldn't be pricing anything in. at this point i think they're finally going to do something. >> all right kim, give us some plays. one of the areas of relative weakness has been big cap tech as we talk covid relief and next year, what are a couple of places or ways you think people should be positioned to take advantage of what 2021 could bring. >> sure. 2021 is part of what i invest in i usually look out a much longer time frame three years is a minimum i do believe there are some trends that are going to help us in 2021. that longer term trend is still 5g we have a worldwide ollout, which is really hard for me to say. we have this big rollout that is going to drive not just new

handsets, but it's going to drive capacity there's a lot of places to invest in that value chain and i look at all of those the easy places are semiconductors because that's what moves zeros and ones around the world, whether it's on 4g, did 5g or a regular phone network now. >> and we won't go into intel right now -- >> no. >> you like zlinks and emg, and elon, if you're looking for a health care play with pet exposure >> right >> a couple of other bigger picture trends there bryce, before we go, it's interesting here, you say you want to buy everything the fed hasn't been buying so far this year what do you mean by that >> they're buying bonds and indices. they don't buy bonds, let's say, that are part of $150 million deal pretty liquid. but not a big enough deal to be

included in an index so, those bonds have -- half 1% more yield than the bonds the fed has been buying. it used to be in april you buy everything the fed is going to buy. that trade is done those bonds have been bit up they're way too rich there are a lot of bonds that don't qualify -- like taxable municipals that whole sector you can get more yield on those bonds than an equivalent rated corporate bond for much lower credit risk. we think inflation is coming back that's going to be a big theme in 2021. we like cyclicals. they may have some bonds in their index for airlines but not junk bonds you can buy an airline bond back by planes. that's an equipment trust certificate. you get the same cyclical upside, the big wave of' rebound that will come with vaccine will help all of those bonds.

we kind of have this big bet on to ride or surf the vaccine wave for all of 2021. >> i thought it was an interesting way of doing so well, thinking about the fed's involvement there. thank you both today appreciate it. >> thank you and coming up, shares of land's end are sinking after they warned the fourth quarter isn't looking so cheery. down 20% the ceo joins us to talk about that and the holiday shipping rush next. plus, if you bought bitcoin and are looking to cash out, be prepared for a tax hit we'll have all the details there. speaking of bitcoin, one analyst says shares of a payment stock could rally more than 40% from here with its help. that and much more is all ahead today on "the exchange."

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six months thanks to the e-commerce boom. with me now on a first on cnbc interview, the ceo of land's end, jerome griffin. anecdotally, if we're talking about the northeast, it's getting pretty cold out there. is this something that's going to be part of the past or part of the future? >> normally we don't talk about weather because there's weather every year, however it has been an unseasonably warm weather in november so far and we think there's colder weather as we ged down the road. as we go through the quarter, we'll see how it goes. >> sure. obviously that means it's a tough start, you know, for the outerwear business, but is there any sense that because people are going to try to bundle up at restaurants to eat outside or get outside because that's the only things you can do these days -- i'm surprised there's not more of a covid pandemic driven boost in getting outdoors >> i think everyone is seeing a big shift in consumer behavior over the last few months

everybody shopping online. and what we think is that our business is extremely resilient. we've been pleased with what we've seen over the last several months to be able to put in results like we did for quarter three, we're extremely pleased with outerwear is only one part of our business what we've seen trendwise is people looking for comfort knit tops, sleepwear, loungewear, activewear, slippers, robes have been big categories for us trending over the last few months. our sense is they're going to continue to trend into fourth quarter and the next year. we're not really sure when we'll come out of covid, as we look at it right now everybody is still working from home people aren't traveling as much or commuting as much >> yeah. to your point about e-commerce, you're up 20% globally internationally e-commerce up 51%. obviously a bright spot there. i am curious, i don't know -- i assume you guys do business with u.p.s., but we all learned they're putting a lot of

restrictions and limits on some of their customers how is that affecting you? >> we've known about this for months and have been in close contact with u.p.s. and the united states postal service to work through any mitigation that would negatively affect the consumer yes, there are surcharges being put on top of us and shipping limits, but we're aware of this and working very closely with our partners one thing that's important for consumers to be aware of, you need to shop earlier this year because cutoff dates for shipping and getting product to home before christmas deadline is a lot sooner. december 15th right now. >> so for you guys it's december 15th, is that right? >> yes >> my final question as we look at the evolution of these businesses is, what's it been like trying to grow your e-commerce business while experiencing all this demand this year and trying to manage shipping and so forth? and i assume a lot of your workforce itself is affected by covid. as we look at the cloud

companies in particular today who say they're all seeing huge accelerations in growth as companies kind of transform their operations, has land's end been one of them >> it's been great, i've got to say. this is my 41st christmas in the business and everyone presents new, interesting challenges with this year, you know, being in the e-commerce business has been great as you can see, we put in big increases over last year and are benefiting from new consumer behavior patterns, which we think will continue. i think what's important is as we come out of covid, to be able to anticipate what the new customer behaviors are going to be like and match that when it comes to this quarter, i think it's going to end up being a pretty good christmas season >> fair enough jerome griffith, thanks for your time today we appreciate it. >> thank you >> ceo of land's end coming up, it's where the jobs are we get an inside look at where

recruiters are seeing job growth and how a third wave of covid has affected hiring these days consumers have a new approach when it comes to car buying and they're taking on more debt than ever we'll take a looat wk hy and what it could mean for the auto industry

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hanging on to a 0.50% gain energy, industrials and real estate are among the best of the bunch today. utilities and consumer staples are the biggest laggards energy is up 6% in just two sessions what's helping tech right now, some of the cloud names. let's take a look at some of the stocks on the move this hour shares of crowdstrike are higher after a beat on earnings and revenue and better than expected guidance they're up 14% the cyber security company added a record amount of new customers. shares of splunk, lower sharply following a miss on a top and bottom line. they had delays in large deal closings due to covid uncertainty when the there's were ahead 20% snowflake is higher despite a loss in its first report as a company. revenue grew 19% year over year.

snowflake provides a cloud-based alternative to data warehouses adding 14% today now to sue herera for a cnbc news update. >> good to see you here's what's happening at this hour wisconsin's supreme court says it has set a -- will not hear a lawsuit by the trump campaign and seeks to overturn his loss in that state. in a youtube video, president-elect biden says brian deese, an obama aide who helped negotiate the paris climate accord, will be the next director of the economic council. southwest airlines warns it may furlough 600 workers they would be the first furloughs in that company's history. and this will warm your heart, kelly this is world war ii veteran major wooten major is his first name, not a rank hospitalized for covid in madison, alabama he was well cared for. this week he went home just in

time to celebrate his 104th birthday his first request, as you can see there, a chocolate milkshake, which he enjoyed apparently very quickly in the car. you are up to date happy birthday to him. back to you. >> absolutely. sue, thank you so much we'll see you again soon. just getting a quick news alert on more progress on the stimulus front a tweet from nancy pelosi's office moments ago the speaker and leader mcconnell spoke at 12:45 p.m. today, just about 45 minutes ago, about their shared commitment to completing an omnibus and covid relief bill as soon as possible. you can add that to the signs of progress that have the markets excited. the dow hanging on about 145-point gain. another spac has gone public today, luminar trading under ticker lazr.

makes the founder a billionaire at the age of 25 he joined request "squawk box" to discuss the debut >> going public has always been part of our long-term road map, but to be able to have, you know, really just a series of awesome events despite all of the headwinds 2020 has brought, you know, and really accelerating into the close here has been fantastic >> you can catch the whole interview with austin russell at cnbc.com/pro the shares are up 27%. coming up, goldman's u-turn on tesla, square's bitcoin bounce and amazon wants in on the podcast race it's all ahead in "rapid fire. don't go anywhere. before money, people traded goods.

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welcome back let's catch you up on a few stories that should be on your radar today. it's time for rapid fire here to break down the headlines are bob pisani, seema modi and phil lebeau.

tesla is making a u-turn, upgrading buy from neutral, raising their price target by more than 300 bucks to 780 that would be almost $4,000 presplit and nearly 40% upside from here. this after the firm downgraded the stock to neutral in june citing red flags like price cut and delivery backlogs. the stock has tripled since then phil, a third of this you could say is about the auto business on that front they celek vehicle adoption, and 40% of the mix next year being the model y. >> yeah, those are all the reasons why goldman believes that tesla is prime to move higher i think the most interesting one, and the one that probably will have people saying, wait a second, do we really think this adoption will take place, is that first point you made, which is you have so many new electric vehicles coming into the market. and while that is good for the market overall in terms of people being more interested in electric vehicles, it depends in terms of what type of volume they get when they were brought

into the market. i hear this all the time from people who are like, oh, there's a lot more electric vehicles for sale really you are? you want to find one, go out and try to find one right now. aside from tesla, you have to ask at certain dealerships, i'm interested in this particular model. that's going to change over the next several years i'm not sure if it changes in the next year as people are expecting. >> the other thing i wonder, phil, this has been very underplayed but consumer reports was just out with its reliability study. it's no longer recommending the model s, had serious concerns about model y. it put tesla as second worst brand in reliability it was just above lincoln. we know that the software is amazing. but are the cars themselves falling behind >> you are hitting on a key point here if you talk with tesla owners,ist not hard to find tesla owners who are ticked off when it comes to getting their vehicle shortsterviced. tesla not long ago basically

issued a recall and said, pre-emptively we'll be doing this recall for people with a particular issue this is going to be one of the main challenges tesla runs into as it goes from building maybe a 500,000 vehicles this year, if they can get there they'll be close at least 480 or so if they can do that and then -- let's say they go up to 800,000 next year, whatever the target is they set, the more you build, the bigger the challenges in terms of keeping the quality at a level where people can say, yeah, i bo you the this car and the reliability is good because right now there are a lot of questions in that area >> bob, this is a stock going into the s&p 500 it's more important than ever that it be able to rally we have to hope goldman is right. we'll all probably have it in our index funds. >> just a comment on the state of analyst commentary in general, i give them props for admitting they were wrong. okay, they underestimated electric vehicle strength and the residential and solar market

is growing they got that wrong. i give them props for admits they were wrong. then the sentence, if tesla sustains its mid to high 20%, it could reach 15 million units by 2040 wait a minute. they just admitted they couldn't figure out what was going on in the last five months, but we have a projection for 2040 for you. now, folks, think about what that means and the implications of that. we don't have a clue what's going on here and yet we're not afraid to project 20 years into the future just a comment about the state of analyst commentary, okay? >> i agree with you. 2040, i mean, that's looking a pretty long ways off there's tesla up nearly 5% today regardless with its market cap holding in at $550 billion we want to talk about square, evercore upgraded. this reminds me of the tesla call an analyst getting bullish on the cash app, which has been one of the blockbuster offerings this year.

square's cash app now has a debit card, digital wallet, bitcoin purchasing, and that could help it become a one-stop disruptive digital spot. they see they climbing to $300 a share, even though it's up more than 200%. again, feels like a little bit of a chase here. >> to your point, there seems to be so much power unlocked with its cash app, which venmo had the first advantage and square came in, able to appeal to the younger audience, not only allowing for bitcoin trading, but they used a targeted giveaway on twitter and tapped into the social media influencer network, which i think we tend to dismiss, but these are folks that carry sway, that have -- that can carry influence with their followers. clearly, it's one of the ways that allowed cash to really tap in to this millennial audience and they're growing. now at a faster pace than venmo.

>> bob, they have a lot of things going in their favor. not only the app itself, but the rally we've seen in bitcoin has partly been predicated on the wide availability via ability to get it square and paypal. >> that's right. first off, here's another analyst call late to the party thanks very much, we're up 100% in the last five months and now we get the upgrades. does anybody notice that here they have -- they think cash app is going to be a disruptive digital play. we kind of already know that can i make an observation about a company that's been public five years they are expected to earn $1.14 next year. on that estimate it's 175 times fwarld earnings for a company that's been public five years and they have price targets on this thing into the 300s we're talking about 250 multiples at this point? please really, seriously. that's a pretty rich multiple. >> it is and other than some of the cloud names today, and anything that has to do with crypto, you know,

who would have thought they would be talking about that kind of valuation and yet here we are. speaking of high valuations, let's switch gears for a second and talk about what's going on with used car prices because you've probably noticed, it's getting really expensive out there. the average loan for a used vehicle hit a record high of more than $21,000. average monthly payments are now nearly $400. and at the same time more people are choosing to pay cash because automakers have pulled back on financing offers you have more cash buyers on the one hand, higher debt levels on the other hand we've seen the used car stocks, the dealers, i mean, they are absolutely going gang busters this year. >> remember, the dealers make their money on two things -- mainly on servicing a vehicle. that's where half the profits come, from the back of the business and when they are buying and selling used vehicles. they don't really make money on buying -- or on selling new vehicles when they buy it from the manufacturer very, very small margin there. they make it on the used vehicle. every wonder when you go to a

dealership and you say, gee, i wonder what they bought this for. they bought it and they sold it at a pretty nice margin. right now they are really profiting because it's such a tight market, kelly. if you go out right now and you look for a pickup truck and suv, those are the hottest models right now. you are paying full boat there's no negotiation going on unless it's a clunker and it's on its last leg. otherwise, you are paying what they are asking. if you don't, they don't mind. somebody's going to come around the corner and buy it and will pay the full price that's why we see these loan levels at just ridiculously high levels compared to where they were just a few years ago. i remember when it was down around $18,000 as the average loan now it's pushing close to $22,000. >> the only thing i would say -- we have to move along, but people always say when you drive that new car off the lot, you lose, what, 20% of the value or something right away at least if you're financing a used car, that's already spoken for. it almost makes more sense to

finance a used but new one. >> one quick point -- go ahead. >> real quickly. >> i was going to say, some new models are less expensive than some used models that's how weird the market is right now. not with all vehicles but with certain pickups and suvs depending on what you're looking for. >> that's totally bizarre. i'm glad you got that in we just got headlines out of warner bros. julia is here. >> warner bros. making a big push to make movies available in theaters at the same time as hbo max. this comes after they announced they would release wonder woman on christmas now they say they'll make all 2021 movies available on both platforms, which is a massive

shift. this is a big deal because they need to have deals with theaters to enable them to do this and there are some very big movies they say they'll release this way, including godzilla vsz kong and mortal combat. they're calling this a hybrid distribution model for 2021 slate. i don't have details on how they'll handle this with deals with their theaters. universal is using a percentage of revenue for the first three weeks that the film is in theaters also on -- i'm sorry with universal they have three weeks before it's available on streaming and is only going to be in in theaters and after that there will be some sort of revenue share. what's interesting, as we await those details, and it's a very unusual strategy what's also interesting is after that month that it's available in both places, it will only be available in theaters and not on hbo max. certainly interesting innovation here. >> wow julia, thank you so much we appreciate it

amc down 8%. bob, i'll give you the last word here it seems to speak of the importance of hbo max which has been lagging the streaming peers. warner bros. making a big push for that play. what do you think about the significance of this move today? >> well, the question to me, how does it affect the economics of movie making we have $150 million, $250 million movies, can that budget be sustained with a dual release as julia was talking about i'm doubtful i would love to see the economics how they would make those blockbusters work with those dual releases. they have to find a way to make movies a lot cheaper, either virtually digital or virtual digital actors, which i think is coming very, very soon i want to know a little more about how this will affect the economics. >> even with this vaccine, companies are not expecting this pent-up demand for movies, for

cruises, it will take time for people to feel safe. they're using both options, theater option and at home. >> great points. it is a fascinating one. that's why we're seeing the moves in the theater stocks. thae thank you. despite millions of americans without jobs, recruiter sentiment, get this, remains near record highs as we await the november jobs report tomorrow we'll get a look at where they're hiring next. before we head to break, take a look at some of the reopening stocks rallying today. the cruise lines seeing the big pop. carnival is up 9%. the airlines, too. you have american up almost 10%. n e a oep aeyonllf this keeping your oysters business growing

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exchange." jobless claims fell last week but triple the number before covid-19 the big november jobs report is due out tomorrow morning today's recruiter index may hold clues of what that will hold recruiter sentiment for november came in slightly colder than for october. interestingly, expectations for the next 30 and 90 days are some of the most optimistic on record joining me is evan stone, chairman and ceo of recruiter.com. evan, it's great to see you again. let's start with the slippage in the past month and what it might foretell about what we learn tomorrow morning >> well, it's interesting because, look, sentiment is 3.3, as you just showed on the graph. but if you actually look at the month, the month is colder we're actually seeing covid affect about 5% uptick from october on the overall workloads themselves but what's really keeping that number up is actually the optimism for the next 30, 60 and 90 days on the recruiter side. >> so, it would be a lot more concerned about these trends if it weren't for the brightening

future outlook so, it sounds like we should maybe be prepared for some not so great news about the november labor market where in particular is it getting hit? >> yeah. it's interesting, you know, i looked at last year's numbers, and november last year was actually over two times the growth from october. now, that would be incredible if we saw that uptick in terms of jobs the interesting thing is the actual average workload of the recruiters in the recruiter index went from 15 to 19 for the month. but a significant number of those are actually coming from the volume hiring of things like warehouse workers, transportation and logistics >> interesting so, let's talk now about the next 30 to 90 days what is it that has people so optimistic is it vaccine hopes? in other words, you see it across a wide range of industries or is it concentrated in a couple in particular? >> yeah. so, look, you obviously have,

you know, health care, i.t. are on the, you know, almost 70% optimism as they continue to be optimistic about those industry sectors. and, look, what's happened in the past is you've always had this seasonal hiring that occurred this time of year retail, hospitality, hiring th occurred this time of year, retail, hospitality, transportation all those things aren't actually happening. but you're seeing the covid winter, the home delivery, the warehouse workers and i think those are really going to come very quickly over the next let's say 30, 60, 90 days as the country prepares for winter and really as we start to look for the optimism of both remote workers picking up and those industries shifting to remote and obviously the vaccine and people getting more optimistic about things kind of returning to normal. but we are still iseeing this digital divide in the the

workplace. the jobs that came back faster are folks that are more digitally connected, video conferencing, remote workers and digital divide in the educational world is happening in the workforce and unfortunately those jobs are not come back as fast as they have in the past. >> absolutely. looking at the most optimistic, health care, technology and software part of it a covid phenomenon but a lot of it is the changing u.s. economy because of the pandemic ev evan, thanks for all the time and information. we appreciate it >> thanks so much, kelly thanks for having us >> coming up, bitcoin surging more than 40% over the past month, but if you're thinking about cashing in on those gains, if you have them, the tax man will be coming we'll look at how big a hit investors could keta next. don't forget, you can always watch us live on the go using the cnbc app back in a couple

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helafter the yearya knwe just had,? the usual gifts are just not going to cut it. so we have to find something else. good luck! what does that mean? we are doomed. (laughter) that's it. i figured it out!

we're going to give togetherness. that sounds dumb. no, santa, we're going to take all those family moments that make the holidays and package them. oh, you are getting so big! woahh! it's down to the wire, the team's been working around the clock. i'm not sure it's going to work. it'll work. i didn't know you were listening. hmm. (laughing) that works. welcome back to the exchange bitcoin has had a great year it's up 170% so far. so if you're planning to cash in, be aware, there are tax implications for that.

shane sharon epperson is here with what you need tho know sharon >> if you've owned or used bitcoin, you may owe taxes, no matter how you acquired it or used it. the federal government now asks for it on the first page of the income tax form. they ask did you see, sell, exchange or acquire any financial interest in any financial currency you have to check yes or no. you better check the correct box on your return >> if you know you've engaged in a transaction. it very important you check the yes bark -- yes box if you don't, it can be considered tax evasion and there can be criminal consequences. >> at the very least you could be hit with hefty penalties and interest for failure to report income and when it comes to figuring out your tax hit, here are three

pieces of information you'll need to know the fair market value at the time of the transaction, your basis, the amount you originally paid when you acquired it and the holding period now, the holding period is truly key because there could be a big difference in the tax bite depending on the time frame and whether the losses and gains are considered short term or long-term capital gains. you can find a lot more on bitcoin and your taxes on cnbc.com/smart-tax-planni cnbc.com/smart-tax-planning. >> would bitcoin give you a 1999 that would give you all that information? >> that does not exist for bitcoin and virtual currencies you may get a 1099-k depending on the amount and number of transactions you have. for most people you aren't going

to get anything like that. so you really have to keep good records and do this on your own. there are some software programs that can help do you that but tax experts said the most important thing is to work with a cpa, an enrolled agent who has worked with taxpayers who have crypto currency who know how to deal with this >> the way that it's trading right now, i'm sure a fair number of people are thinking that through thanks so much we appreciate it you can find moreon cnbc.com >> that does it for the exchange for today. i'll join tyler mathisen after this quick break

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. good afternoon, everyone welcome to "power lunch. stocks are off the highs of the session after a stimulus deal with bipartisan support pushed both the s&p and the nasdaq to record highs earlier today and the dow just below 30,00