. >> announcer: this is nightly sinesseport with bill griffeth and sue rera. >> november to remember, despite today's pullback, the bulls we in contr and the market had its best monthin june. shop till you drop,hether online or in stores, the crucial holiday shopping season is kwund way and there's a lot at stake. stocking stuffers, our markonitor is in the holiday spirit with a list of stocks that he says could grow double digits over the next year. those stories and much mor tonight on "tly business report" for this friday, november 29th. and we do bid you good evening and welcome. sue is off tonight. ocks snapped t four-day win streak on that holiday shortened trading session, but there's still much for thankful

for. the major averages boostedro monthly gains. it was their best in five months and it came despite today's pullback. the dow fell about 112 points. we're at 28,051 now. the nasdaq was down 39. the s&p blipped12. for the money the indexes saw gains of. 3% or mo dominic chu starts us off with a look at no's big gains. >> the rngords kept roln for the month of no november, a month that saw historically high levels for the sch 500nd nasdaq add traders zed to accentuate the positive with market headlines. on balance, there's bin contract mentally positive news on the trade war betweenhe u.s. and china, but no firm phase one agreement or deal has been signed yet. put that together with enomic data around the world that may be showing signs of a turnaround, and you get a general bullish tone benefiting companies and industries that are more geared towards improving economic prospects, or

so-called cyclical stocks. within of the s&p 500, the best performing sectors were technology and financial. meanile, the worst performing sectors were those seen as more defensive or less economically sensitive, real estate and utilities were biggest laggers in november with the dow jones industrial average, stocks li disney led the with a higher since it recently launched its video streaming servic apple a standout as the holiday shopping season boosthe iphone 11 models and earbuds. the end of the year is shaping up to the diffent than last year when markets were worried about rising interest rates ands the r on the global and geopolal front. those rifts are still around this time but history is on t side of the bull. this year it finishes with more gains 77% the time. we'll see if history repeats this time around. for "nightly business report," i'm dominic c y at the nk

stock exchange. >> today, of course, is black friday. unofcial start of the holiday shopping season. a time that's ccal not just for the retail stecktector but omy. according to analysis from adobe, thanksgiving online retail sales reached a record $4.4 billion. aat's a nearly 19% increase over last year nearly half of tho sales were made on but even though more people are shopping online, many still do venture to the malls for thoseus doorr deals and black friday blowouts. courtney went to wood bridge, to check itf.ut for hers what kind of traffic did you see today? >> traffic has ticked up throughout the day at the mall here in north now that we have these early door busteres s on

thanks giving day and black friday preview sales even earlier in the year sometimes october, you see sales come forward a little bit. the cadence of the shopping is a little different than it used to be so you don't see that early morning vush on friday morning anymore because c shopperse out thursday night, go back and rest and then it picks up during the y. 115 million americans areho expected to either in store, online because you know a lot of people are using their devices as they're shopping around in the mall. 165 million are expected to shop mondayn tnksgiving and cyber that's about on par with last year. >> you mentioned the early deals, walmart had that preview in october. we've got everybody shopping online right now. it's a question we've been asking for the last few years now, doesy black fri still matter? >> you know, black friday does really still matter. if you looevent the data from last year, from 2018, it

says that black friday can account for to 7% of a retailer's quarterly sales like american eagle or best buy. for comparison,ay regular is worth about 1%. that means black friday is worth almost a entire week of sales for some retailers. so it does still really matter. it alsoll really matters to a lot o shoppers. >> aroundik 10:00 they picked me up and we went to walmart and weook a two-hour nap and then came here. >> i woke up at 4:00 in the morning try to shop get my girls stuff and me a little -- save a lot of money. saved around $20 or $300. it was definitely worth it. >> we love black friday, but this year we decid we're going all out. we had thanksgiving dinner and we packed everything up a we t a hotel up near this mall on purpose so that we could be here at 6:00 a.m. and we did it. >> that's a dedicated shopper. so you're hearing from the

shoppers. at about the retailers? anybody giving any updates yet? >> yeah, a couple updates. i spoke with kohl's ceo and she said gaming was a strong gscategory. thike the nintendo switch, the ps4, stun games selling out. she called out things like vacuums. levis also popular especially for kohl's shopper online. but a lot of shopping left to do for this whole weekend, bill. >> that's f sure. courtney reagan doing the chnel check at wood bridge center mall. thank you. this is also the time of year whenackage deliver is put to the test. we have been reporting on h retailers have been investigating w to get your items to the doorstep that much faster. that's true f onlinetores as well and more traditional big box retailers. frank holnd has tn story i pa new jersey for us. >> reporter: big box retailer

best buy hopes this big box inde one of its new warehouses will help to attract new customers. >> the customer expects fast delivery. and they don't wanto pay for it. >> reporter: thiedfacility ca metro ecommerce center or a meck, gives best buy the ability to offer free next day em ry to0 million people. necks have these high density warehouses withi a warehouse stocked withlack friday dools. the mecks are positioned near new york, los geles, and chicago. chief supply chain officer says customers near those cities get guaranteed free next day delivery on orders over $35 placed before 8:00 p.m. >> really what we're aer is lowing you to go to work, enjoy your y, hear about that cool thing somebody bought at best buy, get home from work,ow sit relax, go online and still have the chance to buy that and get itrr to. and we really believe it's not

but allowing you to shop lat y, into today and still get it tomorrow. >> and best buy boasts that the meck alos the compalo the custo give the latest order line next retailers. the major prime prime members get i for $119 annual prime member fee. lm t has a $35 minimum and orders must be placed by 3: p.m. local time. 3:00 p.m. is also the cutoff for next day for best buy outside of its meck areas. >> best buy has become the model of a traditional retailer that's successfully reconfigured its business model to compete wl online. >> oppenheimer says consumers benefit from the faster shipping and earlier start for black friday sales. best buy reported earnings this week and saw profits beat ex ctations. the ceo says the company is benefiting from upgrades t online business. >> the concern was that best buy would prove the next victim of

amazon. like, you know, just like the book stores, basical. and under the guidae of new management, you know, best buy really reconfigured its biness model. they got more serious about their own online forts. >> they offer same day shipping to some cities. they say it's a way to attract customers and its geek squad service and price match is a way to keep them. ni fortly business report," frank holland, new jersey. and as the retail lancape changes, many storesp shieft tr focus away from traditional opping. some don't even have any inventory. here's julia. >> there's no question that amazon and t rise of online etail have transformed the way consumers shop. so now retailers, new and old, are shaking up the in-store experience. nordstrom local stores don't have any inventory, but they're helping the retail giant grow sales, speed upreturns, and

increase loyalty wit the ability to pick up online orders, consult with stylists and in-store tail letters or gem aicure or rent a tuxedo. there are three of these nordstrom locations in los angeles and two in new york. >> for new yorkers, having a cation that's on theiray home from work right by eir train station, that's really convdient. it's h to get stuff delivered to a lot of places around here. returns is another big opportunity wi. know we're going to take returns. we're in the clothing business. >> order in stroms says customers who use nordstrom spend 2 1/2 times more. >> the you can get services done here, you can get here. rapped and what it does is really speed up the process in terms of returning goods, which helps a lot with inventory. it aoen abl enables you to tap whole network of inventory. >> as we've seen with nordstrom

stores like this one and wh brick and mortar locations for other wretailers,re seeing retailers take advantage of the fact thateal estate prices have dropped while the cost ofg acquirin consumers online has risen. this store epitomized what's called the clicks to bricks trend. the beauty brand which launched on insam in 201 now has about 2 1/2 million instagram followers. has permanent stores in los angeled new york. and this year it hosted fivep- retail experiences. >> the future of physical sres is quite different because they're highly experiential. in that store and it's really a point of contact and acquisition for the brand at large. >> glossier's customer are free marketing. they tag glossier's more than 20,000 instagram posts eveha month and does not include instagram stories. and some of that content comes from phoens t at glossier's stores which the company says

haal a effect driving more people to engage with the brand and shop. glossier with more than $100 million in revenue last year is one of a number of digita first retailers benefitting from a physical retail presence. ong with war b parker, casper and others. for "nightly business report," california. west hollywood, >> and now for what has become a black friday tradition for us heren nbr, i'll return to charlie olshey to talk more about the holiday shopping and is who some of the winners and losers may be. he's senior retail analyst at moodies. ck welcome >> good to be here, mr. griffeth, how are you? good. u were among one of the most optimistic of the wall street analysts for this year's shopping seasonorecasting growth of 4%, 4 1/2% this year. very stng. why? >> i jt think the big guys are going to nail it. i think thatn they're better position now, but big i mean the

walmarts, targets, costcos, amazons of the world. they're in the best positionn that i've shem in years. they've got the ability to spend, the strategies are spot on. they're adapting, they're they're evolving in this new environment. amazon moving inventory close to the customer to take care of the last mile a little better than they have in the past. and the other guys just ramping up their online businesses and using the stores as weapons and offense and se. and that's something that we thought would happen and it's really coming through in spades right now. but we all know that not all retailers are created eql. th year, 2019, will see the greatest number of store closures in history. are there retailers right now that you're watching carefully to see if this is going to be a make orreak seaso for them? and we put out -- and we keep an eye on oura and below list. the last time i looked at it i

think there were 16 or 17 names on that list. you could almost hit any of them and beut concerned a where they are. i mean, some of the larger ones on the list that it's not make or break but you've got penny there, j. crew, newman, and they typically do fairly well during the holidays. they should be able to get to the other side. then you have some of the smaller knit guys. the bifurcation is wider tn it ever been. >> right. >> it's grand canyonque. you've got, again, t guys i talked about at the top, and i would add the off-price guys and the dollar stores that to that x. and then you've got everybody else. s there's soong names in there, but for the most part compete with the other guys at o the top. and the other guys have the ability to promote, to offer free shipping, to expand their warehouses, to deal with fulfillment, keep the stores

fresh. that's a tough thing to fight. >> you called it a cwa list, wh is that? >> the cwa is the low of the end of oursc ratine and it's, you know, companies that we that's in the vernacular of wall street, that's deep spec e speculative grade deep high yield, way down the fchd n. >> got it. >> the investment grade starts a baa 3 and then there's bas below that. we're well into high-yield territory. d. very g charlie, i'll let you get back to the mall. thanks. >> thanks, bill >> charlie olshey with moody's. and stillahead, working up an appetite. the biggest shopping days of the year, are they bnt for restau as well? we'll find out.

today's black friday, tomorrow ismall business saturday. according to a new survey of cnbc and monkey, 39% of americans do plan to commemorate it by shopping at a momnd pop store. that's down from a year ago. 22% have no plans to shop small. 37% aren't sure at this point. 8% say they're excited to shop at a small businessomorrow compared to 19% who are excited about black friday. and 12% who look forward cyber monday. analysts do point out they expect record sales tomorrow and for the overall holiday shopping season, as you heard. but do shopping andating go hand in hand? after all, going to store after store can wor up an appetite. so we asked our kate rogers so see if restaurants benefit shopping days of the year. n >> wheople shop, they don't

always stop to eat. the ndp group analyzed rueceipt from 130,000 customers nationde and found in 2018 the big traditional shopping days were not the highe restaurant vo me days. fact, black friday was the 14th best restaurant day in the holiday period. >> black friday is such a big ck day for the b and mortar shopping world tt it's reasonable to assume that witht all o hustle a bus wiltle and people out shopping that they'll naturally pop into a drestaurant. i'm certain that restaurants that are colocated in shopping malls or very close toig retail destinations probably have a pretty good day on friday. but it's just not a big day for the restaurant industry as a whole. >>tany of the top five bigg restaurant days of the season fall before thanksgiving. the holidays themselves tendbe lower for the sector. >> the worst restaurant day of the entire holiday period is christmas day. the second is thanksgiving day. and that's becse those

holidays are all about preparing and eating meals at home. the vast majority of us are going to eat thanksgiving dinner either in our home or at someo else's home. and guess what happens theay after thanksgiving? it's leftovers time. >> when it comes to gifting, restaurant stand to benefit. >> wt is the number o intangible or experientialat gi hey want to give some of it's a food and beverage experience. >> the ndp gup sayst beverage and coffee retailers like starbucks and duncan will see foot trafficincruise because you need t coffeeo get all those deals. > check data goes to apollo and that's where we begin tonight's market the technology distributor is being bought by private equity firm apollo global in deal worth about 6 billion lds. the two had struck a deal earl your in the month for a smaller amount, but another higher offer came in from an unnamed bidder

which cnbc learned was warrenet busathaway. apollo then topped that bid. sch data sha rose to 144.89. apollo global fell to 480 and virtual hathaway was down a fraction as well today. thee f-corp is one of top bidders for golden goose. they say they will be competi against private equity firms premiera and advent for thery lu sneaker maker. itl a traction today to 88.54. and chevron is looking to put up for sale. oil and gas blocks they produce more than 6,000 barrels ofil per day. chevrons that been selling assets aroun the world to focus on the u.s.-base production growth. shares were down to 117.13. time now for our weekly market eenitor. we have t stocks that he says will make good holiday

stocking stuffers. he sees them growing double so. atures over the next year or we welcome back ross gerber, the ceo and presidentf kawasaki. thanks for joining us tonight. >> good to see you. always an honor to be on the show. >> we start with disney which has had a big year anyway, big gains at the box office and on wall street. but youtill think we see double-digit gains next year as well. >> this is just the beginning for disney. they've shown that already that they've been successful with launching disney plus. but as they continue with this bundle with hu and espn, we see them continuing to take ahu amount of the mind share and viewerweime of v through their streaming app. so they're in a great but also at the end of "star wars" coming in december, this movie might be another one of the biggest movies ofll time. so between that and merchandise sales wit frozen 2, jve the company going into the next

year. >> all right. electronic arts, it's had a tough year lasar, it's been on the comeback trail this yeare overall games are starting to see a pickup again this year. why do you like this one? >> we like it because for the nigh dominated last year and it and the valuations came down in stocks like ea. and c then theye out with apex legends which is a great game and doi very well. t also the release of "star wars" has been a really good game. peove it. so we expec some upside with ea because really low expectations built into the company and some really great games coming out this christmaec so we e a lot of playing on the video game front this christmas. >> mafinally, a cap. so there might somebody volatility here, a name not widely known, funkco, it's a toy make her a tough couple months but you like this stock. why? >> that's why we love it, because t ay had secondary offering from their private equity owners that needed to

cashout, you know, for private equity always has to do these things that don't make a lot of sense to appease the private equity shareholders. but by doing that they knock the stock down. it's trading at a ridiculously valuation because so don't look at small caps anymore and they're not prominent in the big dexes. so, you know, here a stock like funco which makes these pop dolls that are super popular but they just opened their first retail store in hollywood and it's doing amazingly well, amazing. so a lot of people don't know this compan it's a gre toy company, growing likecrazy, and they've had a really reasonable valuation and that's why we lik it. ross gerber with gerber kawasaki. thanks, ross. >> haveat a g thanksgiving weekend. >> thank you. and coming up, there's alternative milk, alternative meat, and now a new kind of alternative protein which you just might bug out about.

now that thanksgiving is nk over, we t it's safe to show you this story. it's not about turkey or even the fake turkey it's called tofurkey but it could be the food of the future insectsabound. jane wells is in oakland, cafornia, for us tonight. >> reporte you are looking at a gateway bug, an i secretary with so much potential to feed the planet it seems a no-brainer as a protein source. but would eou it? >> this one is our peanut butter and blueber >> much of the world eats

insects from crickets to meal worms, scorpions, black ants, grasshoppers, but amecans s generall ewe. >> that's really good. >> a growing group of entrepreneurs may p that bugs are the future. >> you get the same amount of protein from insects as you to from regular animals, you use so much less water and it's good protein. plus there's fiber because you're eating the whole thing. >> the chef's mission is to make ialects delicious and s me worthy to millennials with dishes like cricket quion hash. >> even if americans were to corporate insects onc week, that would have ame tou affect on our environment. >> they have insect based dog food with salesn the millions growing 70% a year, the sustainability message appeals

to millennls who may n eat the bugs themselves but have no problem giving it to their nedo. >>f the key reasons i got into this is my daughter, she's a millennial and she's said she might hot want toe children because she's worried about what the world is going to be like. > demand is currently outstripping supply. the largest cricket farm in north america is nea toronto. but montha ka martinez is raising her own bugs for her snack fd business i oakland. >> 80% of the -- is made out of insects. doesn't make any sense that we're not tapping into that. >> reporter: baray's estimate the insect protein market to grow t times to $18 billion by 2030. nort aesterly is interested tyson is watching. for nightly business report, jane wells, oakland, california. funny, attention turns to the holidays and putting up the christmas te which it turns

out is getting more expensive to do. according to the nationalri mas tree association, the average price of a tree is $76, more than double what it was in 2008 mostly due to a reduction in supply due he closing ofhi tree farms led to the rise in price. the dow fell 112 points, nasdaq was down by 12. slipped or the month, indexs were aes l arply higher. that is "nightly business report." i'm bill griffe. thank you for watcng. have a great weesend and we'll you again on monday.

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