it's 5:00 a.m. here at cnbc global headquarters. welcome to "worldwide exchange." here's your "five@5." getting set for the final trading day of the month with stocks hovering near record highs. one of the biggest winners for november has been technology, but it's been a story of haves and have-nots. black friday is officially here and fresh data coming in shows rising prices are not really swaying consumers. plus, another black eye for google and potential $9 billion fine.

later on, investors are weighing the hezbollah and lebanon cease-fire and report that both sides violated the deal. it's friday, november 29th, 2024. you are watching "worldwide exchange" here on cnbc. ♪ good morning. thank you for being with us on this black friday. i'm dominic chu in for frank holland today. let's kick things off the final trading day of november after the dow notched a record intraday high on wednesday before following the rest of the majors lower. the dow is implied higher by 138 points. s&p higher 16 points and nasdaq up 85. green across the board for the time being. we are watching the energy markets as traders monitor the

uneasy cease-fire with hezbollah and lebanon. reports that both side may have violated the truce deal. also this morning, opec is postponing this weekend's production decision meeting to december 5th. the coalition is operating three sets of oil production cuts in response to an uncertain demand outlook. oil prices right now are lower on the session. ice brent crude $72.67. off .75%. u.s. west texas crude $68.29. in technology, fresh off the anti-trust loss here at home, canada is suing dpoobl angoogle

anti-competitive practices threatening 3% of the total global sales. alphabet up fractionally in the pre-market trade. we are watching bitcoin to the $100,000 mark. we got near that level. currently at $96,108. let's see how the early trade is in europe with dan murphy in abu dhabi and that side of the world. dan. >> hey, dom. good morning. first of all, european stocks edging lower today, but still just about on track for a positive november after wo months in the red. looking at some of europe's biggest markets here. the french cac 40 has been in focus. it has been under performing most of the session today. the country's government potentially set to face a no confidence vote as soon as next week as it looks to pass its budget plan. over in germany, we are watching the market. the dax bucking the market of

tariffs weighing on the automakers. now on track for the second positive month in three. the uk's ftse 100 leads the pack in europe this month despite selling ahead of the new labour government. dom, that's where we stand overall. back over to you. happy friday. >> thank you very much, dan murphy, for that. as we hit the final trading day of november, investors have a lot to be thankful for. the dow and s&p both gains 5% with the s&p on pace with the best month since february. the small caps are leading the pack with the russell 2000 up 10% which would be its best month since last december. joining me now is founder and ceo of gold vest advisory. thank you for joining us. this is an interesting market dynamic as we head to a

seasonally strong time of year. can we expect more for this so-called santa claus rally coming up? >> it has been a great time for investors. i do think we will end the year strong. there is more to come. with the new description admini coming in, we will see more opportunity for upside. even through the end of year, we have a couple of things going on. black friday is kicking off today. retailers have already started earlier in the month with adding some sales or adding some discounts. i think we will sigh ee strong momentum going into the end of the year. >> what is the leadership from? small caps have been the catch up trade. even technology stocks. we have seen catch ups in technology to the mega cap magnificent seven trade. do we feel it is traditional leadership that takes us through

the next several months or the so-called broadening out with energy or industrials or financials continuing that heavy lifting. >> financials is certainly one we think will continue. i do think the broadening out actually continues as well. we have seen that rotation starting and i think it continues. there's been profit taking. there's been re-balancing of portfolios and the small cap does still have more room to run along with the midcap names and financials is one of those sectors that i think will continue to do well. >> okay. now the interest rate question is something that's been floating around a lot given the fact there's a little bit of uncertainty around the trajectory. the trajectory is lower for rates, for sure, the fed has made it clear. the speed at which it accomplishes that is up in the air right now. do you feel we need to see more

interest rate cutting or is it the fundamentals beyond just interest rates? >> it is certainly fundamentals beyond interest rates. earnings have been strong in the recent quarter. next year, we are expecting double digit earnings growth. i will say earlier in the year in september when the fed started cutting rates, the expectation of how fast and how much they were to cut, that has become more shallow. i do think that in december, december 17th when they meet, we'll see another interest rate. i think that the fundamentals are there as we mentioned with small cap and midcap and some sectors under valued. s&p has been up over 50% in the last couple of years. financials or small caps have

not been up as much. earnings growth is there. i do think we continue to see the market rally. >> before we let you go. do we have any favorite parts of the market? are there any stocks or sectors that really stand out to you? >> financials as i mentioned. banks. one name we like this year is progressive. progressive has been -- first of all, we have seen positive returns from them. in the last ten years, there has been no calendar year that has been negative. that includes 2022. they're solid. their revenues have solid growth and progressive is the number two auto insurance underwriter. i think they continue. they continue in this environment where we have a positive view, but there can be volatility coming up into next year. something like progressive or a company like progressive has

been very solid and something we're particularly interested in. >> property and casualty. thank you very much. have a great black friday. see you soon. >> thank you. >> for more on what's driving the trading day ahead, head to cnbc pro at cnbc.com/pro. you will get exclusive insight and analysis. speaking of black friday. that is the top story here for the retail rush. it looks like our own courtney reagan will beat the rush somewhere in northern new jersey. courtney, over to you. >> reporter: you know, dom, i have to be first in line. this mall doesn't open for another two hours. expectations are for this to be the busiest day of the year for the nation's stores after a record thanksgiving day for online sales. early indications are telling us

according to salesforce, as of 2:00 p.m. on thanksgiving day, sales up 4% in the u.s. 7% globally. this week has become popular for consumers around the world to shop online, but without the hangover. the peak of shopping to fall between 7:00 p.m. and midnight. that information is not in that data. 71% of shoppers plan to shop online today spending almost $11 billion. that would be up 10% over last black friday. while nearly 132 million consumers or 72% of americans will shop on black friday in some way, in store or online or both, according to the national retail federation, 5% of consumers will shop specifically in stores on black friday. a really important day for traffic. forecasts slight traffic growth versus last black friday

although overall foot traffic is down a little more than 3% this year. retail conversion rate of purchases made from browsing will be lower on or around black friday compared to the weeks leading up to christmas when frankly time is running out and you see the conversion rates peak higher. weather is an x-factor to impact what happens in stores on a black black friday, dom. there is a chance of snowshowers in the great lakes and around the country. other than that, very low chance of ecipitation around the country. less of an excuse to stay home instead of hitting the stores. >> courtney, the lines have blurred over the course of one or two decades with regard to the shopping season. the delineations between black friday and cyber monday and travel tuesday and everything else. i, for one, anecdotally, did a lot of my online shopping during sales over the course of the

last two to three months that have popped up online. how much of that changes the dynamic for a week like this given the fact we earlied up the season? >> reporter: dom, that is a key point. so many retailers offered black friday deals in october. amazon with the prime event and others have glommed on. they got excitement from consumer whose should feel they need to start shopping. so, it does stretch out the season. you have sales that are a little bit longer and me lumpier. we heard retailers talk about consumers know when to wait. target specifically said they didn't have a great quarter, but saw shopping really pick up during its special cyber week in

october and fell off again. retailers are hoping to see another peak this week. yes, this official/unofficial start to the holiday season has got blurred and in line and on store. now retailers don't care as long as you shop. >> it's like the super bowl for courtney. we will see you later on in the hour and on cnbc. thank you very much. we'll talk to you later on. all right. we have more to come on "worldwide exchange," and the one word investors need to know today, but first the holiday travel surge and if this weekend's rush could boost a very mixed year for the airline stocks. plus, 52 days until inauguration and congress is scrambling to protect a major white house initiative when it comes to artificial intelligence. later on, november's record month for technology has been -- has been a story of haves and have-nots for the most important sector out there.

we'll have that story ahead. we've got a very busy hour when "worldwide exchange" returns after this commercial break. there are some feelings you can get with any sportsbook. ohhh! the highs! no, no, no. the no, no, noooos - oooooooo! the oh, oh, ohhhhs! now whatcha wanna do with this? but the feeling that, no matter what, you're taken care of. ohhh, i just earned a hotel suite! hee! you only get that here. at the sportsbook born in vegas, where they know how to treat you right. who you talking to jamie foxx? bonus bets. exclusive offers. real world rewards. betmgm. download and bet today.

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alone which would come close to the daily record that was set back in july. so far, there hasn't been much disruption. flight aware said 292 flights were canceled sunday through wednesday. less than half of all flights out there. lower than the 1.3% cancellation rate back in 2023. let's talk all things travel with clint henderson. he knows a thing or two. clint, let's start things off with the massive surge in travel that we've seen. this is post pandemic. the pandemic is in the rearview. there is revenge travel and a lot of it. >> we have settled into the travel demand. i think a lot of people decided during the pandemic they will travel come heck or high water.

you also have the business travel. that combines for higher crowds. i talked to the head of the tsa last week and he said they were ready and that he felt like it could be a record-breaking day. we'll see. very interesting elevated level of travel demand overall. >> with that in mind, clint, there have been some highs and lows for the airline business overall. we are seeing the demand and the bankruptcy filing for irit and then trying to serve the budget friendly customers. what exactly is the airline dynamic that you see coming in 2025? >> it's fascinating. you think you will see llout for the low cost carriers. i do think you will see consolidation among the low-cost

carriers. the real story is the demand for premium travel and how good the mainline carriers have gotten at segmenting their cabins. they are selling their seats. we could see delta sell business basic class fare this year. good move on delta to squeeze every drop of revenue out of the premium seats. consumers are willing to spend extra for more legroom and first class. price is not an option. the airlines are better and better at selling the upgrades. people like me who are elite travelers, we are having to pay for the upgrades. really interesting time in the airline space. >> clint, i have seen the flights i have taken the last six months, always bustling. before we let you go.

travel tuts esday is coming up. what are the best deals for clients in the next three to six months? >> mare riott and hilton with bookings going forward. get in on that. the airlines are not quite as good, but we are seeing deals with budget carriers. fares as low as 40 bucks. we are covering that religiously. we published our update today. there's a lot of really nice package deals from british airways. that's the story next year. >> clint henderson with the travel tips. thank you very much. have a good weekend, sir. >> you, too. still ahead on "worldwide exchange," banner year for a.i. stocks and rosier view under

president-elect trump. why is congress worried about the a.i. moves? emily wilkins is here with that story coming up next.

(♪♪) (♪♪) (♪♪) everyone has goals and dreams. and everyone deserves a way to get there. wherever you're going, getting there starts here. state street invest in your future with dia, the only etf that tracks the dow. (♪♪) welcome back to "worldwide exchange." it's been a banner month more artificial intelligence stocks. case in point, the ticker ark innovation is up 20% in

november. some of the biggest gainers are coinbase and palantir. even better for the ark autonomous etf which is on pace for its best month ever. why is congress so worried about a.i. under president-elect donald trump? our emily wilkins joins us now with that story. good morning, emily. >> reporter: good morning, dom. dozens of tech and a.i. companies are begging congress to make this key a.i. program permanent before president-elect trump takes power next year. this is the a.i. safety institute. created through the biden administration executive order to improve a.i. it could go away if president-elect trump follows through on eliminating that executive order. the republican party platform, the one they voted on back in the summer, called the a.i. policy dangerous and says it

imposes radical left-wing ideas on the development of a.i. technology. yet, more than two dozen tech and a.i. companies, amazon and openai and palantir and meta are asking congress to formalize the center or risk getting left behind in the a.i. race. in october, the group said cements the center is a part and there is a critical opportunity for the u.s. to lead multilateral efforts through its over a.i. safety institute or risk other countries write the rules for the powerful technology. legislation to preserve the safety institute and another a.i. research program have bipartisan support in both chambers of congress and must be added to the defense bill before the end of the year. we are already seeing opposition from a couple of republicans, notably senator ted cruz. cruz is in line to become the

chair of the senate pan e el overseeing a.i. he is also proposed removing federal policies aimed at bias or discrimination in a.i. systems. dom, a lot there to look at and to consider in the next couple months as this battle plays out on capitol hill. >> what is the likelihood we could see anything done before the trump administration comes in later in january? it seems like it is a plex issue with a lot of debate to be had. what is the timeline and do we think it can get done? >> reporter: dom, for this defense before i, it bill, it bill. that is a must pass package. of course, you have the upcoming

deadline of the government not being funded. they have to decide whether they fully fund this december or kick the can down the road or continue with the funding for the short period of time and let trump and the congress take the 2025 spending forward. >> all right. emily wilkins with the late st there with the a.i. legislation. coming up, what's next for the previously red hot sector? that's next.

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there's still just a little bit uncertain with the overall economy, what's going to happen with tax rates and what's going to happen with rates. >> brands are hot. the consumer is definitely resilient and they continue spending. >> what we have seen the last few quarters is consistent to what we are seeing today. that is a consumer who's choiceful. >> we remain optimistic about the holiday. we are looking for this consumer to come out and spend. >> that was a slew of retail executives speaking with cnbc the last few weeks talking about state of their sector and the american consumer. welcome back to "worldwide exchange." i'm dominic chu in for frank

holland this black friday. we will talk about the stocks our next guest says could be the big winners, possibly. first, let's kickoff the half hour with the u.s. equity futures are the final trading day of the month of november. right now, the market is implied higher. the dow is i mplied higher 40 points. s&p up 16 and the nasdaq 100 larger cap index is up by roughly 82 points. now, if you take a look at the biggest gainer so far today, you see kla corp and lam research and applied materials. chip stocks in focus. moderna and charter communications among the biggest nasdaq 100 gainers. then bitcoin, $100,000 is still within striking distance. $96,615. it's good enough for a 1.5% gain. remember, $99,800 or thereabout is the record day high.

we will see if the post-election rally can continue. turning to technology in a broadly higher month for the sector overall. the spdr software and services etf. ticker ssw is up more than 17% this month and on pace for its best month on record going all the way back to 2011. it also, by the way, hit an all-time high just this week. along with a number of its top holdings, including applovin and palantir and service. other etf gainers include the globalxetf. and the ishares etf. you can see tracking for its best month s november of 2002. the wisdom tree cloud computing fund eyeing six months of gains.

then the red hot vaneck semiconductor is nearly flat this month and tracking for the smallest monthly move in nearly two years. joining me now is jordan klein at mizuho securities to talk about the divergence. jordan, what gives? what do you make of it? >> thanks for having me. yeah, it's a great question. i think, you know, semiconductors are the most cyclical and and tis anticipator for what people think the fundamentals will be six months ahead of time. given the uncertainty with the back drop of trump and tariffs and demand. if you strip out nvidia and the a.i. trade, areas of memory, pc,

smartphone and alog and industrial, they are not recording beats. and on the flip side, all of this money is chasing alpha. that is coming from software and fintech. you will continue to see more of the same. >> so, jordan, this has been one l wisdom points for decades at this point. as you point out , the semiconductors are the leading indicated or. if that's the case, shouldn't we be worried about the possible stalling out or a down move later in 2025 in those semiconductor stocks right now are starting to tail off? >> well, that's a great point. i think that's why investors are taking a very much wait and see

approach as opposed to buy now and it will get better in a quarter or two. we will have a bunch of tech conferences coming up. i don't think you will learn or hear anything dramatically different. those closely with the a.i. center buildout will sound fantastic. the other sectors i mentioned that have been soft, i don't think you will see enough visibility or clarity to convince people that any improvement's around the corner. like you said, i agree, i think you will see the stocks continue to lag. now, the good news is these stocks eventually will find a bottom and then as soon as these companies start cutting numbers, let's say, the stocks react favorably because it is almost discount in the price. that's another thing. if we get a trump administration and get more clarity on the tariffs and get the biden export

controls out of the way and unknown, then investors will figure the stocks will discount the negative news flow and start to trade higher. >> an interesting dynamic at play for 2025 between software and chips. jordan klein, thank you. >> thank you. coming up on the show, google's facing fresh fire over its critical ads business. the new anti-trust charges yi out against the giant north of the border. we're back in a moment.

welcome back. time for the global briefing. israel and hezbollah claim each has violated the cease-fire deal that went into effect this week. trade ares are monitoring opec plus which delayed the policy meeting until thursday. they could delay the output marked to start in january. canada is suing google over anti-competitive practices in the online advertising business. in a statement, google says the marketcompetitive. this as australia passed a social media ban for children under the age of 16. the toughest big regulation on tech. the law forces meta and tiktok and others to p minors are

logging on or face a fine. spokespersons from snap and meta will ply with the law rjs . shares of hybe shares wiping up 7% of the value as k-pop superstars newjeans pulled the plug on the partnership with the company. k-pop has a big effect. the girl group has been in dispute with hybe since the manager was sidelined in april. they threatened to walk unless he was reinstated which they are now making good on. the cultural phenomenon with an impact on the stock market. still ahead on the show, the one word every investor needs to know and black friday is kicking off with the retailers betting big on the shoppers moving in. our courtney reagan is in

paramus, new jersey with more on that story. >> reporter: dom, we still have a little bit of time before the stores open. what is open is online shopping. i'll give you a hint when it comes to the biggest discounts already so far on retail's big five. that's coming up on "worldwide exchange." we'll be right back. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis, help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley with powerful, easy-to-use tools, power e*trade makes complex trading easier. react to fast-moving markets with dynamic charting and a futures ladder that lets you place, flatten, or reverse orders so you won't miss an opportunity.

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big deals for black friday today trying to attract shoppers and, of course, their wallets. we have courtney reagan in new jersey with more and where the deals could be. courtney. >> reporter: dom, it is always a debate whether the deals are really good, the deepest on black friday compared to other days of the year. my answer is, it depends. as the starting reference point, discounts on thanksgiving day, online, the start of retail's biggest five day stretch average 24% off. as of 2:00 p.m. thursday, the categories with the highest average discount rates online are beauty and makeup. 38% off. skin care off 28%. general apparel is 28% normal prices. adobe analytics says 17% will be spent between thanksgiving and cyber monday. $41 billion.

that's up 7% from last year. the biggest day predicted to be here on black friday with online sales seeing 11% gain. for many americans, stores reign supreme. they are shopping in store to take advantage of the deals. in-store deals are the best on black friday. and 45% simply enjoy shopping with family and friends. it's a tradition for many americans. black friday is still to be the biggest day of the year. not as big as years ago with shopping spread out and the ability of online shopping. however, most large retailers are again closed on thanksgiving day, it pushes the door busters into this morning and that helps lift traffic today again. when it comes to what shoppers are buying, apparel and ies to help retailers.

while electronics are often a top promotional item, the survey predicts the seventh most popular gifted item this season. interestingly, dom, the biggest discounts by category are expected to be on tvs. back over to you. >> courtney, stick around. for more on the retail landscape, let's bring in jessica ramirez. jessica, you just heard courtney with the deals and what people are shopping for. what stands out to you in your research over what kinds of retailers are best positioned this holiday season? >> good morning. thank you for having me. it is interesting. we started polling the year over year data in terms of promotions yesterday. compared to last year, more retailers are pulling forward the promotions throughout the week and month as courtney alluded to with warmer weather and more promotions come in.

when i look at it year over year, the promotions were low. any increase makes it look like it's higher. again, we have to factor in how high prices have been. prices have not necessarily come down this year. for example, with american eagle last year, they had sweaters and hoodies at $25. this year, they are starting at $29. it is higher this year despite discounts they are having. the ones that are best positioned in terms of having little to no promotions are ralph lauren and levi's. as well as foot locker. there are promotions there, but not as high as i have seen them throughout the year. they seem quite selective overall. >> that should be good, jessica, right, for these companies overall when it comes to investor sentiment because it

seems investors tend to look more negatively on the quote/unquote highly promotional periods. if they are not aptly to discount, does that mean they are looking at a position of strength with their brands? >> i think what we heard throughout the year, there hasn't been much growth in retail in general. because prices and promotions have been strategically executed, we have had strong margins. my concern is whether it has been unpredictable and it has been warmer. there has been 60% off outer wear especially with companies that are not strong. it is a balancing act overall because if the consumer isn't shopping and i have to say the consumer is still strapped. they will be looking for deals. if you see, too, some of the data that courtney alluded to, some of the priorities are

apparel. we had more people going back to work. there's more apparel categories of interest out of necessity. so f so, if that makes a deal, they're going to shop. i don't necessarily feel this is a hop holiday season they are shopping out of fun. it will be prioritized throughout the quarter. that is something we need to watch with the investors and consumers with how well the categories are balanced with the promotion and price increases that we've had. >> courtney, i'll have you and jessica the same question. you'll get a couple seconds. courtney, when you get off the clock, what are you shopping for? >> reporter: that's a good question, dom. i'll head to the apparel stores. jessica said it is a necessity. maybe i'll buy a couple of gifts. >> jessica, what are you

actually buying today? >> i would say apparel as well. there is a good discount and as courtney said, you have to update. there's new trends. >> clothes it is. jessica and courtney, thank you very much for the retail conversation. good luck on this black friday. coming up on the show, this sector is up 10% this november. ahead, why our next guest says it could rally even more under president-elect trump and expectations of easing regulations. that mystery chart revealed when we come right back.

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welcome back. as we prepare to close out the final trading day of november, futures are big. dow implied higher by 125 points. nasdaq up 85. it has been a solid move for the markets. all three indices up between 5% and 7%. better performance for the small caps. russell 2000 is up 7% for november. let's bring in the chief strategist at city wealth. steven, we focus on the retailers. maybe i'll get into a macro question to start which is how well the american consumer is faring in this environment.

>> look, it's not a boom or a bust. it's not v-shaped. consumers have lived through a very large releveling of consumer prices and we're now in a slowdown phase for that. the labor market is also producing on a trend basis fewer job gains. we think that november employment report will be strong. it will be a bounce back from weather-related effects. this bination is in a moderate move. we haven't had an conomic boom. we haven't overproduced for it. we won't have a collapse or recession to the demand outlook. >> do you think, steven, that is a constructive environment for the markets to continue their upward march? maybe not a surge, but the upward march of the first year of the incoming trump administration? >> it's been a lot of good news. it's been a few things.

there's obviously a big difference here when you think about the outlook for deregulations which is quite positive for underlining investment. the profit outlook to keep the economy growing. and we've already had a lot of good news in the sense that the labor market has moderated and inflation has moderated and we did that without collapsing the economy. there there was no need for the second recession. i think broadly speaking if we're not trying to live with the s&p 500 as our only source of return, there is a lot of opportunity out there. mid and smaller cap growth companies are trading below the long-term long-term valuation. there's a lot of opportunity out there. we just taken down our overall global allocation to a lesser overweight. we had a very pro-usd oriented

portfolio with the dollar adjusting. we are moderating that and spinning our allegation around the world. >> steven, that takes us to the world of the day for you. what do you think it is and why? >> it's going to sound pre- pretentious. it's duality. we have a lot of optimism about deregulation. think about that as the sugar and the tariffs which is the vinegar. that's going to be a little difficult for markets, but if it ends up being a negotiating tactic to get tariffs down across the world and it may create a lot of anxiety around it, but ultimately, these are an american economy positioned quite well. that's why we continue to be

overweight in u.s. equities. not as much as before especially in large caps. >> steven wieting, nk you very much. have a great weekend, sir. as we head out to the 6:00 a.m. hour, regulators with the anti-trust investigation into microsoft and the software licensing and cloud businesses. the future of the problem remains in doubt as lina khan likely prepares to leave office. the ftc is reportedly looking into uber and violated protection consumer laws of the subscription based service. uber received ies and is cooperating with the inquiry. shares of applied therapeutics plummeting after the opening bell. the drug was set to be the

company's first commercial 00ized product. mark zuckerberg sat down with president-elect trump in his mar-a-lago club on wednesday. the spokesperson said zuckerberg has made it clear he wants to support the national renewal of america under trump. liv golf is considering a tie-up with the europe dp world tour. those talks are separate from the ongoing talks with the pga tour and saudi wealth fund. and "moana 2" opening up to a record $57.5 million wednesday. it is on track for a five-day opening of $175 million which could make it the biggest thanksgiving box office ever. let's close things out with the check on the futures market right now. we are modestly big.

dow higher by 125 points. the s&p up 16 points and the nasdaq up 85. on the interest side of things, some moves in treasuries. generally big for bonds. decline in yields. keep it right here. have a great black friday and a great weekend. "squawk box" starts right now. well, dom's got the look. he's going with black friday. the day after thanksgiving is casual. good morning. stock futures pointing to a higher open ahead of the shortened trading day. we'll show you what is moving right now. it is make or break for retailers. which change could benefit the most from the holiday shopping rush. and the ftc is launching a wide ranging anti-trust probe into microsoft. we have the details straight ahead. it is friday, november 29th,

2024 and "squawk box" begins right now. ♪ ♪ ♪ good morning, everybody. happy black friday, we hope you had a wonderful thanksgiving holiday. welcome to "squawk box," right here on cnbc, we're live from the nasdaq market site in times square. i'm becky quick along with robert frank and steve liesman. joe and andrew are off today. we've got everything under control here in the house, and i'm really glad to see both of you guys this morning. >> good to be here. happy black friday. >> i hope you had a black fridays. >> i'm sort to of feeling the f the next day. >> things are off and running, if you take a look at the u.s. equity futures,