amazon. they tend to do a really good job. and you're putting football together with the internet and thanksgiving where it is hard not to have a great event. >> for sure. >> we need to leave it there, david. thank you from zeta global. meantime don't forget to catch a special edition of overtime, 1:00 p.m. eastern here on friday. have a great thanksgiving everybody. fast money starts now. this is fast money. here is what's on tap tonight. the consumer on the clock as we count down to black friday. stocks hovering near record highs. consumer confidence, the gas prices lower than last year. is this a set up for a great holiday shopping spree? we'll debate that. bitcoin boom or bust? thanksgiving has been a critical time for crypto from the 2017 double to the 2020 turkey day massacre. and we'll have traders what they expect to happen this

year. and the stocks that they are thankful for and the turkeys that are haunting them as they get set to carve out their holiday feast. i'm melissa lee. the on the desk tonight, steve grasso, karen finerman. just one day left of the shopping event in the entire year. what a difference a year has made for the markets. stocks hovering near record highs with s&p up more than 30% since last thanksgiving. gas prices across the country are lower than last year by 20 cents a gallon. not a huge difference. inflation has dropped from 33.2% to around 2.6%, better, but not a massive change. credit card rates still sitting at about 20%. unemployment has climbed a bit, but still near historic lows. so why is consumer confidence on the rise? should investors be feeling bullish about the holiday shopping season that is upon us, sky? >> hello. >> it is a nice intimate group tonight.

>> yes. >> people should be. i mean i wish i was more optimistic and people clearly are. if you were to look at the market, the retail landscape through the lens of american express, all-time high today. mastercard, visa, all-time high today, costco, all-time high. costco with a whisper. and it is true on one side of the equation. there are a flipside to that coin as well. look at the dollar stores. kohl's today making a multi- year, five-year low. you're talking about a bifurcated retail level. my concern is credit card debt approaching $1.2 trillion. 23% of the rate is the average people are paying. right now people feel great about things. >> plus you have the election behind you, and trump, not to forget trump was favored on the economy, 55 to 45%, whatever the number was by about 10%. walmart, 75% of the revenues are from higher income earners.

probably trading down. i don't know if that is necessarily a good thing or bad thing. it is what it is. people feel as if they have some closure behind them. we would have a lot of major events that were happening. things seem to be simmering down now. >> and we know they are on a rate cutting the path, regardless of what the mortgage rates are doing. there is hope to come still for the consumer? >> right. i think steve's point is really important. i think the low markets and people hate uncertainty. >> yes. >> regardless of what you wanted to happen, there is clarity there. i think that's good. i also think that there is, remember how skiddish retail, the shoppers seem to be in that back-to-school quarter? i think that's behind us now. i think also the market has risen a lot. that makes people feel better, wealthier. so a lot of things i think are sitting up nicely. as well as most retailers are positioned pretty well on that inventory standpoint. so they could get good margins.

and i'm pretty comfortable with the retail setup right here. >> right. thing is the retailers have been doing well, or they can be considered expensive. >> valuation wise. >> the ones doing poorly because they cater to the demographic that you see as having more difficulty like the dollar stores. they're doing poorly. so do you accept this, the bifurcation of the economy and translate into what you buy for retail stocks? >> i believe that is the case. >> despite the valuation? >> yes. at some point, people have tried to knock kohl's and the walmart valuation for the last $25 to $30. that's been unsuccessful. flipside of the coin, you try to make an argument for target evaluations. that has not worked out. think about this quickly. since 2021 when target made their all-time high, that stock has been cut in half. at the same time, walmart doubled in price. now the valuations have gone in a similar way. but the fight has been a losing game. so i do think they trade it at that way.

at a certain point, the valuation of the dollar stores and kohl's and target even, throw that in the mix will be too compelling to throw up. >> if you believe they're on the path of doing better, the things they're better for, the consumers. isn't it time for target? shouldn't those items do better? they could serve more pillows, lamps, whatever it is they sell. >> i think we are still on that marketplace where you started the question, by the winners, right? so walmart is expensive. but when you look at karen bringing up inventories, burlington, ross stores, t.j. maxx. all the companies that benefit off of poor inventory management. their stocks are straight up. so those are the names people are going to, for the bargains, along with buying walmart. >> they are also the places where people want to go to. if you have a higher income, you can go there and buy something that was a luxury good that is now marked good, so you see value there for that good. >> the wealthier customer going

to walmart and those going to tjx. it used to be something you would hide, now you wear it with a badge of honor. and i like tjx, but i actually think target is interesting here. i just think, you know, the pe differential between walmart, which i own, and they've done a fantastic job, it's just too big here. now we know target has had some problems with inventory. >> in the most recent quarter. >> trying to get ahead of tariffs. but i just, i think -- i don't know, the valuation is very low, could it go lower? of course, but i think the bar is pretty low for them now. >> would you say the same? >> for target? the bar is extraordinarily low. >> right. >> but they set that bar themselves. i mean so many of their problems are target specifically. i mean respectfully, they just haven't really operated all that well for the last three years. they seemingly figured it out about six or nine months ago, only to fall back. some of the mistakes they made a couple years ago. so i think they're in the penalty box for a while.

i can understand if you want to build a position that makes sense. i'm glad steve mentioned tjx. at a certain point, valuation is going to get in the way. it's close to 28 times next year's number, but that probably has some room to grow despite the elevated valuations. >> did you know the holiday shopping season is like a week short, but thanksgiving is apparently late. >> you've been telling me this. >> yes, yes. so because of the compressed timeline, there is a thinking that amazon is the ultimate beneficiary. anybody that's got great shipping that can get it there faster because consumers are under the gun, and they need to get their gifts really fast. >> there is something, a case to be made for that. i'm not sure. i think the retailers will se that as an excuse when they can or use it as a tail wind when they can. amazon will likely use this as a tail wind. but think about how our

shopping patterns and happens have changed. do you buy in bulk? >> some things. >> costco, off the charts literally. when you look at the valuation list, you probably don't find an attraction on valuation. >> i don't know how many. >> and the same thing for walmart and sam's club. our shopping patterns have changed, where we shop have changed as well. i think that's for the foreseeable future. unfortunately for the dollar stores and the lower tiered names. >> i've always thought though, it doesn't matter how long or short it is. retailers say it does, maybe it does. there is a psychology of it. >> right. >> and that does not change. >> the people that will wait until the 24th. they have been waiting until the 24th. they have two days to do it or four. >> on the 26th, you think people wake up and say shoot, i missed it this year? >> the same ones. >> exactly. >> i agree. >> and hopefully tim seymour is watching. if he's watching, when karen speaks about the 24th shopper.

>> that's tim's. we've discussed this on the air, in fact. >> i'm just saying. >> he's known to go to the drugstores. >> tim has a lot of time left. >> yeah. our next guest is a blowout holiday shopping season ahead with deal days like black friday. set to play a bigger role this year. the american president of retail advisory advisory. great to have you with us. >> thanks for the invitation. >> we are just talking about online shopping. you think consumers will go back to the stores in droves? >> consumers will go back to the store in droves. we had a little blip in 2020, 2021, but all the numbers have shown for the last three years. when we are given a chance to go and have a positive retail experience with retailers that give us a positive experience, we will shop in the store. we like to shop at the grocery store in person. that won't change. it won't change for the near future. to me, i'm a big better when it comes to the brick and mortar

except of our community. >> i think walmart has nailed it on the head. they continue to find ways to keep people coming into the store for their daily goods and their daily needs. i think target, which one of your speakers talked about, they're not so pleased with. i'm a believer at the end of the day that target is the retailer i'll bet on. every major retailer category needs not just one, but two big players. whether it is home depot verses lowe's or albertson verses kroger, you still have these retailers that need to drive that interest into the store. i look for walmart and target to head to head in '25 and '26. target will get their merchandising business in shape. i look forward to that. >> and naveen, it's karen. thanks for being on today. we know shoppers did change during the pandemic, right? e-commerce was the only way really. so do you think that that penetration has stabilized or many retailers think there is a way to go for e-commerce, but

sounds like you don't agree with that? >> and look, the broad average number is about 22%, 23% online shopping, and that is basically shopping online. you might make your decision online and pick it up at the store. and we, as a community of consumers in the u.s. still like to go to the store. and as soon as the doors started to open up, we saw them start to get people back in the store. and because we have not eased to get to the store, and the urban environments that we see in europe and in the most part, we could easily get to the parking lot, park in the car, and get what we want. and that ease of access and logistics, they will make it easier for us to think about shopping. we are still a car community. until we get in our car, move to the store, that is what drives our decision to o to the store. i'm a big believer the brick and mortar is the place where we will continue to shop. >> naveen, by the same token. we heard what you like and who is doing the right things.

who is doing the wrong things? is it possible to turn those around or are we just watching that pinnacle, that pyramid get smaller and smaller at the top of the retail organizations that actually can figure it out or have figured it out? >> i think the department store sector overall is the one that is having a hard time getting them back in the store. that has a lot to do with the fact that the other retailers we talked about, whether it is walmart, target, others, have done a better job to get that quality product in their stores. so whether it is a kohl's, for example, or nordstrom, pivoting to nordstrom rack is an example of a retail that says we have given up on our name brand, moving towards the discount rack, which now to me says that the average u.s. shopper will trade down to tjx and walmart and nordstrom rack as opposed to trading up. so basically now you have the affect, and the luxury and they will get the consumer.

the discount in volumes and as a result, the middle, the mighty middle, and those legacy retailers, getting the consumer ones. that tells me that the sector are the ones that are most vulnerable towards weakening as opposed to strengthening. >> and are we seeing that translate directly, but jll is an advisory firm. you assess the value of real estate. so in terms of, you know, what the rents are for leases. are they more expensive when you have a walmart as your main, you know, anchor tenant as opposed to a kohl's? >> well, i'll answer that directly. there's a different way to ask that question and think about the situation we're in the country today. we're in an all-time low in terms of the quality retail state. 30-year low in terms of delivery. so all the quality retail real estate being delivered today is more expensive than two, three years ago. and they are saying we've got to make a deal. we are delivering 14 million

square feet of retail space in '25. 14. what does that mean in context? the 2006, 2007, 2008, nine, we delivered 200 million square feet per year. we're solo on the inventory delivery for all the reasons we know. labor cost and the interest cost, that we're not living that kind of product. as a result, whether you're alabama com bee abercrombie & fitch, you need to make the move on the deal you want as opposed to waiting for them to come down. they won't. >> really interesting, naveen, thank you. happy thanks give. >> thank you. all right, what is our trade here? >> and you were off friday last week. >> yes. >> good for you, you deserved it. >> and we had the ceo -- >> you saw it? >> yes. >> we had a great conversation with him. he actually put up a pretty bullish case for the consumer. and his space specifically with some room to the upside there without question. he just mentioned kroger. take a look at the chart if we

could put up a two, three-year chart. the 62 level is the level we saw a couple years ago. so they report on december 5. i think a little intrepidation is necessary. with record travel numbers expected for the holiday weekend. could they give the airlines extra lift? and here with all the latest. hey, phil. >> hey, melissa. we'll talk about that chart in just a bit because it signifies what the airlines are seeing and the business and how strong it is right now. we are seeing relatively smooth lines and most of the airports around the country. i just did a check it in terms of where the delays are. nothing major. that is exactly what the airlines want to hear. they're expecting travel to be up by 6% year over year. this is going to be the busiest thanksgiving ever. to prepare for it, let's show you that chart again. the airlines have added more flights for this ten days, if

you will, that will wrap around thanksgiving. big push yesterday, today, you'll also see it on sunday. more than 50,000 flights on tuesday. so as a result when you're looking at three million people flying back on sunday, who are the airlines that benefit the most? well, they're all going to benefit to a certain degree, but you really have three right now as you head into the holidays that are outperforming the others. united and alaska. take a look at these two over the last six months. both of these stocks would hit, they are near 52-week highs. they hit them earlier this week. then you have delta, where they had a nice run over the last three months. they had their investor day last week, forecasting 10% earnings per share growth annually over the next three years. then you've got three other major airlines that are all still dealing with issues. while they have moved a little bit higher over the last several weeks, they are not benefits to the same degree as

their competitors. we are talking about jetblue, spirit, and spirit is in bankruptcy. american, and well, i've got one more in there. i can't see it right now. southwest. there you go. those are the three that have their own specific issues that they're dealing with. bottom line is this, melissa. the airlines need a strong holiday, a clean holiday. that's what they're getting so far. >> yeah. the weather though is not going to cooperate. our staffing issues, are they still a problem when it comes to staffing the control towers? >> well, united is not happy about it, and they have made that very clear yesterday. they said the problems with regard to staffing for newark is limiting their ability to execute as much as they could. they could be doing even better. but they say, you know, you have the staffing issues there. that's a long running problem that perhaps, perhaps could be resolved within the next year or so. but united has not been happy for some time. they still are not happy with that staffing. >> phil, thank you.

phil lebeau. >> you bet. you saw the chart with united. it basically doubled, more than doubled. >> it's like nvidia. >> it's up 150 something percent year to date. delta is behind that. to phil's point, alaska is the third place. if you're going to invest, for me it's either going to be united or delta. people are going to think united is overdone, so they will probably go to the lower tiered ones and get burned. and same way they were talking about retail. stick with the winners. >> even united though, a lot of good news is priced in already. >> you're 100% right. but i forget who, but somebody put a $150 price target on the stock. ubs just initiated $139 price target. that's a 44% upside from here. so there are a lot of people very optimistic. delta is the one though. ubs put an $88 price tag. if we could get through the sort of $65 level, $88 is probably in the cross hairs.

cryptocurrency recovering from yesterday's selloff. with volatility around thanksgiving, will this year keep up the holiday tradition? a black friday bet on the blitz, whether you're shopping or watching football. amazon has you covered. how they are playing the entire field and hoping it's a boom for the ag business. more on that when fast money returns. back after two. ♪ ♪ ♪ ♪ ♪ (vo) whether your phone's broken or old, we've got you. with verizon, trade in any phone, any condition. and for a limited time, get iphone 16 pro

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welcome back to fast money on friday. amazon prime will stream the nfl matchup between the las vegas raiders and the kansas city chiefs. taylor swift's favorite team. julia boorstin joins us now with a look at what this game means for the e-commerce and media giant, julia? >> reporter: that's right, melissa. amazon's second black friday nfl game already looks like a success. selling out of ad inventory in august. that's months earlier than for last year's inaugural game. 40% of advertisers in this game are new. they're reportedly paying as much as $750,000 for a 30- second spot. now ratings are expected to grow from last year's nine million viewers. on the heels of thursday night nfl ratings growing 11% from last year and 38% from two

years ago. amazon is rolling out more interactive ads. enabling customers from shopping directly with a qr code or remote. they tell us it was a huge success in last year's black friday game. now it had is all part of this is all part with nascar sports. joining amazon's nfl rights. this as the company looks to grow the ad demand for prime video, which just launched on the basic tier earlier this year. now amazon tells me they're always looking for more ways to invest in sports rights. melissa? >> in terms of the shoppable ads, bringing in revenue, julia, are there benchmarks analysts are looking for compared to last year? did they ever release any benchmarks? is it this all part of the forecast that analysts, wall street might have for the stream, the ad reported to your business specifically? >> reporter: well look, we've

seen a big push towards the ad sport. amazon, most recently, launched ads on their basic tier earlier this year. you have netflix with ads. all the different platforms that started out ad free now have an ad supported tier. it allows them to generate two revenue streams and offer streaming content at a lower price point. in terms of what this means for amazon, they're clearly positioned to benefit from ads in their content. one thing that they told me was last year the shoppable ads had 280% higher engagement than for a regular game because it was black friday and people were looking to shop. so really it makes sense to have these games on black friday when people are thinking about shopping on amazon because they already have your credit card number. if you see something you like, they make it easy for you to click through and buy. they're ready to close the loop in a way when it comes to traditional tv or streaming television.

they are working on making things more shoppable as we just saw an announcement from walmart and cnbc's parent company about creating more shoppable content for walmart. but shoppable content is definitely the future shoppable ads, and amazon really has everything lined up for black friday. >> julia, thank you. julia boorstin. what are the chances that you buy something while you're watching a streamed nfl game? >> what are the chances of you watching the rangers game tonight? zero. there is no chance. >> plus you have a tube television? >> of course, i do. >> i don't even know how, the qr code. but think about what julia just said. they make it so easy. they have your credit. what could go wrong with that? and with all that said, good for amazon and good for friday football that i won't be watching. disney is the one, real quick. i mean you look at disney, we are right up against levels we saw in the spring, sort of $123.5. you get a close above there, people will start talking about the bearish reversal.

analysts are offsides on this thing. disney is the sleeper in the whole move. >> i just love the idea of america's shoppers and america as football fans, and just merging that into one sort of big giant event. if you think about where, you know, why ad dollars are so high for these. to know you have a live audience that big when we have seen obviously the quick demise, the quicker demise than we thought. it's fascinating. i don't know, and they will have the wnba. i love that. >> yes. >> netflix has outperformed amazon by 2-1. and amazon has been there for a couple of years with the contracts, exclusive to amazon. if you're going to be hunting for these shows and try to stream television shows, then look at a name that hasn't been performing. you talked about underperformer? roku down 27% year to date. that one might be your sleeper. >> all right, there is a lot more fast money to come. here is what's coming up next. you think your family is

bad over the holidays? the crypto space has you beat with a history of volatility around turkey day. will this year be any different? the bitcoin boom or bust next. plus, stocks trading near records as investors get ready for the final push into year end. but could tariff threats be the grinch in the rally's holiday spirit? we'll debate. you're watching fast money, live from the nasdaq market ten meua. re we're back right after this. (♪♪)

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welcome back to fast money. check out the move on bitcoin bouncing back today after the move lowered yesterday. still flirting with that $100,000 level. but remember, thanksgiving has been a traditionally volatile time for the cryptocurrency. back in 2017, bitcoin more than doubled from november into year end. but fast forward three years to 2020 and investors witnessed the so-called thanksgiving day massacre. where in 24 hours, bitcoin plunged from $19,000 to $16,000, the decline of nearly 17%. so will this year's record climb continue? are you worried about another turkey day of reckoning? >> no, you didn't say that. >> i just did.

do you have ears? i just said that. >> i was looking at the prompter there too. but it had is a time when you sit around, you're talking, you're like i got a bitcoin, i'm up, whatever it is, it's $1 is 00,000 now. >> and so you are talking about around the dinner table? >> yes. that's what happened in 2017. >> and you have the most pro crypto administration possible right now. gangsters are going to be gone. the crypto industry will be able to mold whatever that sec looks like. >> will is that even $100,000 though? >> mostly the coin, however, i really do feel there is a gravitational pull towards $100. and so, you know, crypto is volatile. we could have picked a lot of other holidays, not thanksgiving, where they would have some giant moves as well with the biggest one of them all being, you know, ftx, right? >> and that disaster. although that unfolded for

months. but i don't know, i think this $100,000 is going to be achieved. >> the deep end of the pool is always it. and mstr. this is the $100 stock. i'm rounding down a little bit in the beginning of september. over the time, the stock would go from that level to $550. you can do the math. over the same period of time, bitcoin maybe went up 40%. so the leverage in strategy is ridiculous. you saw when they went down $8,000. the stock traded off $2200,000. so there is a lot of strange things going on. karen is probably right in terms of the gravitational pull. and steve is clearly right in terms of the administration with a long way to go between creating the bitcoin reserve and the federal government. >> and as long as they keep talking about that. so i do care if it happens, right? and then you'll be looking at crypto. it could be hundreds of thousands of dollars. but the fact that it is still a conversation keeps it at the forefront. on enforcement verses the regulatory, so we will get the

proper regulation, the proper tail winds. >> go ahead. >> if you're a believer, which sounds like you are. >> would you rather? >> yes. >> the strategy or bitcoin etf? >> well first of all, you have to have that stomach because it's a three to one relationship between the two. if you believe, and i had a crystal ball, you would buy the micro strategies. >> there is no way i would buy the micro strategies. i mean, just the math of it. bitcoin. i mean, you could see bitcoin go up and micro strategies go down. that could happen. >> right. >> right? because of the gap, the premium. >> there was some phenomenon over this summer. >> spell it. >> i can't spell phenomenon or summer. [ laughter ] but somebody called -- her name is hailey welch. i'm sure she's a lovely individual. she's now launching a coin. >> oh no. >> and if that is at the height of the name. if that's not the height of

absurdity. this is reminiscence of the nft. coming up, markets looking to keep the rally going into year end with fresh markets being hit earlier today. and they think there is even more room to run, where he's seeing the most opportunity when fast money returns. follow the fast money podcast. we're back right after this. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities.

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welcome back to fast money. stocks dropping on the second to last trading day of november. dow falling 138 points. the s&p, 23 points. nasdaq tumbling 115 points. despite today's decline, it's been a record breaking year so far. dow up almost 19% on pace for its best year since 2019. the s&p 500 up nearly 26%. and nasdaq nearly 27% higher. so will the markets finish the year with a bang or will all the tough tariff talks and government grind it had bull run into a halt? let's watch the adviser and chief adviser, great to have you with us. consensus seems to be that the market levitates higher into year end. do you fall with consensus? >> and because you were talking

about it earlier, and they seem to be in a good shape. and i noticed from the conference board dated yesterday that the intentions to buy all the consumer goods is actually increasing, you know, except for autos, mostly they seem to be upbeat. you may think that the tariffs might be playing somewhat of a role in pulling forward, and the purchases. either way, it sets us up for this holiday season not to lose any strength. so near term, i would say yes, you're likely going to break 6,000 on the s&p. you were saying bitcoin, just hovering above $100,000. that seems to be a level to be broken. and the only exception, the ten- year yield averages. i would pull back maybe on the news. but i do think we're going to go back to four and a half. simply because of the economy. there is no derailment yet from other than the tariffs being announced. if anything, it seems to be positive. there seems to be more room. >> what's the time frame for

4.5? can markets move higher still with the ten year? and it is a place where we have seen before, but will that provide any resistance to stocks going higher? >> it is for a good reason. we would have the data today. for really good reasons for them to move a little higher. it is somewhat moderated. but with all these reports, they will show the economy that's driven by strength and services. so i do think that it is actually the services that they were up again. and that's the reason why they will continue to lift. and sort of a current situation of risk management, it will have the reason. and that is stickier. and it doesn't derail the stock market. it's for a good reason with the yields going up because it'll be strong. i think that we can reach that without getting the volatility to the markets. >> ben, 2025 will be the year.

i don't think the markets are talking enough about it. can you speak to that? listen, 4.5% is right. it will go higher than that? >> yeah, and you know, we've always had to do that before and it is four and a half and compete back to over 5%. it's because you would think of the issues that they are facing next year. especially as you want to target 3% of the deficits, you'll have to do a lot of spending to do that, which is not that straightforward. yet you need to see the big deficit. as we heard bessent through the lines, he does look through increasing the term of issuance and more maturity issues. and i think that it is still the pressure point for the treasury market. it's not in the curves or the term, premium. so i think on that point, you will probably drift higher to those 5%, just on that basis, in addition to, you know, as the economy will stand up. and they keep staying resilient. >> it's karen.

thanks for being on. so if the economy is resilient, what do you think the feds will do in the next three to six months? >> i think that they will stay in this whole position in december. if you read these minutes correctly, then they are kind of cautious, deliberately cautious in saying i think that it is really about how they will continue to analyze it this data, make the assessment. they will keep it optional. but i do think that they have moved away from those rates really fast. one important point there, the goals are going to come out where they think they are closer to neutral now than they thought before, and that is important. because if you are, then you know, you cannot cut much more, right? i think that they will probably be in december and they might choose the first quarter. and then maybe staying hopeful from it. >> ben, it's great to see you. thank you. >> thank you. >> enjoy your holiday. >> ben evans of fed watch. and so as we said at the

top, the markets, everybody seems to think they will go higher. today, we would have some staggering moves. dell, hp, each down 12 plus percent. nvidia down 1%. can we go higher with questions around some of these text stocks? >> i think we are due for a pause. i think if you see obviously 25% of the market are these large cap tech names. so i think we are due for a pause or a side way motion. i don't think we are due for a dramatic selloff. but it would be healthy for us to move sideways and grind sideways. >> i liked the call last night. clearly there was some disappointment for the fourth quarter, but i do still think the a.i. part of the story is very much on track. the pc part, the refresh being much later than they thought or somewhat later, that is not quite as much on track. it ran up a lot into earnings. a part of that was on the smci, sort of the expectation of loss

of market share by smci to dell. and we don't know if that is really happening or not, but we think so. >> i mean they closed like nothing happened. they traded over 15 at one point today. i think it will be the story the rest of the year. coming up, could auto sales rev up to close out the year? and as 2024 winds down. our next guest has one section of the market that's about to surge. car dealership guy. yossi levi will join us in what he's seeing in the market and how the tariffs cod ulimpact the space. details when fast money returns. rsv is a highly contagious virus if you're 60 or older with certain chronic conditions, you're at higher risk of being hospitalized from rsv. and there are no prescription rsv treatments. you know how to protect against covid and flu. so ask your pharmacist or doctor about scheduling

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no fees required. go to sofi.com to view your rate. sofi. get your money right. welcome back to fast money. your local auto dealer may be more willing to negotiate as the year comes to a close. a new report expects vehicle sales to jump almost 7% this month. that jump may be the result of lower prices. one industry will predict they will push automakers to offer deeper discounts into year end. yossi levi is the founder and ceo of car dealership guy. yossi, great to have you. >> thank you. >> if i'm going to buy a car, you say wait? prices will come down?

>> the timing is getting pretty good right now. reason is inventory. we're facing a three-year high since the pandemic. so with inventories flooding the lot. many factors have to move those vehicles. and so the deals are getting better. now that you offer the potentials to disappear, that will bring in the urgency to the consumer. >> which brand has the most inventory on the lots? >> unfortunately there are several or for the consumers, but you are seeing some of the culprits, ford, they're extremely oversupplied relative to the demand. and that is obviously hurting them and the dealer, leading to really steep discounts, but ultimately potentially benefiting the consumers. i say potentially because some of these vehicles are priced at historical, you know, record levels. and so even when you balance it out with the rebates or

incentives, if certain cases it can be. >> and they are now the highest we've seen it if 13 years. serious delinquency rates, the highest in 14%. how does that factor into the whole equation? >> and i follow delinquencies pretty closely. it is still a small percentage of the overall industry. i would say it's a yellow flag. the i don't know if it is a red flag at this point. and if you look at the context of what happened the last couple of years, consumers purchase vehicles at all-time high prices. and people are underwater or owe more on their vehicles today than what they're worth at record levels. in many cases, consumers can trade those vehicles in and 50% of the times when they can't drive their car or they can't afford a repair, that will turn into a repercussion. and so there is a bit of a concerning picture there, where

i will tell you though, the industry has -- the industry is in a position now where it feeds had to sell vehicles, and leasing has risen significantly. and so during the pandemic, we didn't see much leasing because they were not incentivized to offer great lease programs because people were buying the vehicles. so now things are just cooling down. we have sort of congresswoman back to reality. leasing is rising. it is about one in four cars are being leased today. so overall, payments are declining. that's benefiting consumers. >> and yossi, it's karen. you have new car sale prices going down, but what's the dynamic between used cars that are still in good shape? how good of an alternative is that for the used car buyer? >> look, i have been beating this drum hard. best and used car deal will be whichever used car as a comparable new car that has a great deal on it, right? and an example, it if there is

a brand new vehicle that is, let's just say a ford explorer, whatever, that will have a great deal on the great incentive, that's going to trickle down to the used market. if you want to get more specific, they are actually, the used evs are under $25,000. and you could still apply a $4,000 ax credit against that vehicle. so consumers are making out well on that front. but that's on the used car. on the new side, it really depends, but will come down to what is most oversupplied relative to demand. that's simply where you're going to get the best deal. >> thank you. >> thank you. >> yossi levi, car dealership guy. coming up, we are giving thanks. we have set the table for the fast money thanksgiving feast. before we eat, the traders will share the names they were thankful for this year, and their one big turkey. fast money is back in two.

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drug. that's right here, 5:00 p.m. eastern every day next week. should be fascinating. >> well, i do enjoy this space. >> i know you do. >> the turkey is out of the oven. stuffing, turkey, roasted brussel sprouts, yams, all laid out on the table. before we dig in, we want to go around the horn and ask our traders for the one stock they're thankful for this year. because it is thanksgiving, we also want to ask for the turkey trade that they regret. so karen? >> all right, i'll start it off. i'll do the sort of unsung hero of services. and quiet little name. what they do, they handle the maintenance of utility grid basically. that's the main thing they do. and that obviously, with the need for more power and the utility grid being very pressed, this is an important place to be. that's done really nicely. that is the turkey, no, i'm sorry. i like turkey. i was confused. i like turkey.

i'm thankful for it. but the other one, you would think a jewish girl would be thankful for luxury goods. wouldn't you? >> not so much. >> and that was the turkey this year. louis vuitton, very disappointing. there we go. >> all right. steve? >> my thing i'm -- i know you're confused. >> the one i'm grateful for, viking holdings, the cruise line. i've been there since the mid- 20s. i haven't sold a share. i'm going to stay there, turkey. amgn. it this is amgen, my wage trade that has not performed. so this is the one i would choose to get rid of. >> the a in your trade is also one you're thankful for? >> and i'm also thankful for the fan base, large and small, young and old. right now, harper sullivan, ten years old, is glued to this show. she's a melissa lee fan. >> she's the one.

and aem, look at that. can't go wrong there. that mining stock has done well. but boeing, i have tried to say a reason why boeing should bounce and the reasons why it made sense. >> they've been struggling. >> i've been struggling with that. >> but karen bought it. >> i did. i did -- i could have done better. when they did the big raise, the $20 billion in debt equity in debt, convertible debt. i should have bought right then, but i did buy it now. up next, final trades.

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i explained everything in my new free-market breathing including the truth about what's going on with nvidia today and the specifics of the stocks that i recommend you purchase instead. visit the website below to get the details 100% free. >> price does matter, people which is why even if i love a company i may not love the stock. it might be better to take a breather, sell stump, even ring the register on a piece of it. >> mad money next on cnbc. final trade time. >>

>> i like boeing during the e block . i still like it boeing, happy thanks giving everyone. >> i'm thankful for my family that tolerates me . thankful for all of you. i like that bob is picking up steam. >> thank you for watching fast money. i'm thankful for you have a great thanks giving. mad money with jim cramer starts now . >> my mission is simple, to make you money. i'm here to level the playing field for all investors. there's always a bull market somewhere and i promise to help you find it. mad money starts now. hey i'm jim cramer and welcome to this special nvidia focused edition of mad