dollars so it's not a sure thing your points will be worth the same amount and this is uniquely an amex. the customer tends to be more affluent and doesn't need to spend points on amazon or holiday shopping hand might not be as crunched for cash and still willing to pay the $550 fee to keep the card and the takeaway is they do hope to see travel rebound the cfo says if people have an insatiable need to travel, they will see a boom which is sort of talking to amex's book they would love to see travel recover. they saw the travel and entertainment spending following 70% in the third quarter so interesting story for sure >> robert, what would you say? >> yeah, i mean, i'm surprised how many people just use their points for travel. i use my points for everything but travel i use them to buy a lot of apple products, but i do think that people are just waiting to when they can travel to use these points and there are a lot of points that are building up, and i think once we start to see the vaccine roll out, i think people are going to start booking those summer and fall holidays very quickly

>> the ideal outcome for amex, mastercard and all these guys is that people are able to travel and gobroad, for example, cross-border payments is one of the most highly profitable forms of payment for these card companies. if they say there's people going abroad and using some of those travel points but they go to europe and start spending more, all of that is good for the card companies. you're right if they have all of these points stacked up, it might not mean that actual spending directly on the flights. we'll see. they are just desperate for people to start traveling again. >> you said that the other credit card companies aren't having the same issue with people hoarding their points what are people spending things on right now >> it's interesting. it's a little more split chase sapphire is another really popular rewards card people are spending it on things like pelo it on they've done a ton of marketing in those areas, too. groceries, at-home fitness and things like streaming, for example. >> kate rooney, thanks so much for that. >> still to come, black friday right around the

this is what a packed amex stadium looks like.ost a fading memory it now when empty seats are more commonplace. but all that set the change. we are delighted. actually it's the first of what we hope will be a process it was see more and more fans coming back over the rest of the season but we have to start somewhere. usually important to start somewhere. usually im porta nt safety to start somewhere. usually important safety remains paramount gives us a chance now to bring 2000 people back on monday night and i know they are all looking forward to it. brighton was the first and only premier league club to hold a pilot eventin premier league club to hold a pilot event in august for the return of fans. demonstrating how it could work under covid—19 regulations. supporters who attended the friendly against chelsea had to sit apart, as they will ask monday. against chelsea had to sit apart, as they will ask mondayi against chelsea had to sit apart, as they will ask monday. i think sitting apart did not really matter. you can see each

if brighton is deemed to be in the lowest risk tier then up to 4000 fans could return to the amex.t — financially it may not make sense for some clubs — but that it was a positive move for the eventual return of fans to football. it would still see us operating at a match being lost but i think it is more important than that. i think it isa more important than that. i think it is a psychological step towards really wa nt is a psychological step towards really want to be and it's an opportunity for us to prove to a government that we can bring fans back safely and it's also good for us back safely and it's also good for us to be able to re—engage with our support and give them something for the loyalty of a us while we have been playing behind closed doors. so for me it is my symbolic than financial at this stage because the clu bs financial at this stage because the clubs lower down the pyramid, the financial situation will be improved by bringing back the fans if they can because they don't the benefit that we deal. for us it is more of that we deal. for us it is more of that psyc

credit card giants visa, mastercard, amex all in the green with amex the highest mover, up about 22%.ment processors fiserv and global payments are also moving higher, if we can flip that over. yes, indeed. fiserv up 7%. global payments up 13%. but financial fintechs tied into online purchases such as square and paypal, they are taking a leg lower right now. you've got square and paypal very much related to the struggling names today as well and that would be the online names. if the cloud payment names are struggling, stands to reason we would see e-commerce leaders from wayfair to amazon to overstock moving lower. wayfair down 20%. overstock down 19%. as you can see, amazon down just 3.5%. amazon's not going to suffer either way. cheryl casone, let's talk about some other stay and work at home laggards. there are quite a few having a tough day. cheryl: that's right. i'm here with the not so fun task frankly of showing you stocks that are not winners during the session. thanks a lot. let's start with zoom. the stay-at-home video conferencing winner is down almost 16%. it's one of the

, goldman and citi seeing huge moves as well and american express and mastercard are nicely higher amex is the best stock in the dow. paypal and square getting sold off 5, 6%. plans available to anyone with medicare. many plans provide broad coverage and still may save you money on monthly premiums and prescription drugs. with original medicare you're covered for hospital stays and doctor office visits, but you have to meet a deductible for each and then, you're still responsible for 20 percent of the cost. next, let's look at a medicare supplement plan. as you can see they cover the same things as original medicare, and they also cover your medicare deductibles and co-insurance, but they often have higher monthly premiums and no prescription drug coverage. now, let's take a look a humana's medicare advantage plans. with a humana medicare plan, hospital stays, doctor office visits, and medicare deductibles are covered. and, of course, most humana medicare advantage plans include prescription drug coverage. in fact, in 2019, humana medicare advantage prescription drug plan members saved

the amex platinum just came out with a new offer and that's one of the top cards >> brian kelly, thents guy >> finally, carl, the journal reporting this morning that chinese president xi jinping was the one behind that sudden halting of the ant group's halting. the relationship had been tense but reached a breaking point just a few days ahead of ant's debut when ma criticized the financial regulation saying it was holding back technology development. carl, this development should really send a shiver down the backs of american investors holding on to some of these companies. they were supposed to be sort of the gold standard, these national champions able to list on american exchanges and they're entrepreneurs, billionaires like jack ma seen as untouchable by the communist party but what we're learning from this report tells us that may not be so. >> as i said to cramer earlier this morning, it harrowing to see this demonstration of xi's power, even on someone who arguably has brought enormous benefits to china. i guess the question what ma's next move might be >> reporter: right and

tom: thank you so much, on the debt amex and some of the backstory looking forward to 2021 and into 2022that is part of the job of jim b bianco- jim bianco of research. he joins us this morning. jim, there's just so many themes going on here. let me ask you what i just alluded to on the view forward for congress. how do you invest forward to 2022? jim: that is going to be tough, especially if you think that washington is going to be important as everybody thinks. there's no clarity get coming out of washington. if you put that aside, you're left with a couple of troubling issues that are out there. there's going to be no fiscal stimulus. that should slow the economy. room, the virus? that used to be important. remember the virus -- remember the virus? that used to be important. ist portends an economy that going to continue to struggle as we move forward from here. that portends that without any kind of clarity from congress, support for the economy might come down to the federal reserve that meets today and tomorrow. lisa: i am looking at 10 year treasury yields. jon ferro has done a gr

we're just 300 points off the all-time highs amex leading the way at 22%.q, though, it's only positive by two-thirds of 1% today should you buy some of those stay-at-home names as they take a breather that's next with steve grasso. stay with us >>> welcome back positive vaccine news. take a look at names like tegoc down, zoom video down 14, peloton and amazon some of these names are destined for a bounce from here this is a tactical or kind of a longer-term pickup opportunity here >> this is a definitely a tactical pickup of a couple of names that have been beaten down, kelly. so if you look at zoom, zoom's up a 536% year to date whenever you get a selloff like this, kelly, it's worth the opportunity to take a look peloton up 274% year to date the problem with these stocks, kelly, is once we start to get back to work, then you're going to have those value plays take over the performance world so if that happens, these are due for a lot more pain, but getting back to your initial question, when you see a stock sell off 20% and it's worth noting that all of t

small business new york city won't be able to reopen, because of the pandemic, and, according to an amexurvey, american express, started small business saturday. they need to do better this holiday season than ever before just to survive into the next year. there are things that new york city is doing for small businesses. an interest-free loan. unfortunately this place doesn't qualify. you have to be in a low to middle-income zip code, which they're not. allowed to use sidewalkty pl tds to show merch tyce. the o mer dice. here's what the owner has to say. >> four months to cover. four months no sales and then the whole year at least 50% down. so -- you know, every corner that you cut is not, is not deep enough a cut. so you're doing whatever you can, but it cannot be enough. >> reporter: you know, she is one of the lux lucky ones. she says her landlord has been very kind, lowering rent, she realized she's one of the lucky ones. how are things going so far today i asked? they're good. covid good. not as good as they want to see. >> thank you very much. >>> and shopping with covid cases o

. >> this is an ohioan that i am experiencing -- honor that i amex appearancing, but it comes with many reporter: gregory was born in illinois. he rose through the ranks of the church shepherding the american bishops through tumultuous times; the first wave of the clergy e abuse scandal. then in 2004, poppe john paul ii named him archbishop of atlanta, georgia. last year another scandal involving theodore mccare rick, pope francis appointed him as archbishop of washington, d.c., the seat of american politics. but many are asking why it took so long for america to have a black man receive the red hat of a prince of the church. george weigel, author of "the next pope," says the bonds of slavery and racism also corrupted catholicism. >> the church in the wake of the civil war did a very bad job of reaching out to newly-emancipated slaves. in fact, that's the beginning of the story. >> reporter: gregory will become a cardinal at a time when america needs healing from both political and racial divisiveness. >> my responsibility must be to energize, to inspire, to invite others to take up the

and amex people corrupt -- and it makes people corrupt, even if they aren't by nature.pt. >> we continue to feel very good about where things stand. we have no doubt that when the count is finished, senator harris and i will be declared the winners. so, i ask everyone to stay calm, all people to stay calm. the process is working. the cat is being completed. and we'll know very soon -- count is being completed. and we'll know very soon. . anna: president trump took no questions. there is no evidence of widespread illegal voting in the election. joining us now is the senior international editor, jodi schneider. what is the latest on the counting to the 270? jodi: joe budden looks to be --nificantly ahead. even if joe biden looks to be significantly had. even if you don't -- ahead. even if you don't count arizona. got arizona, he would only need one of the following -- pennsylvania, georgia, or nevada. for president trump, if he doesn't get arizona, which looks like he won't at this point, he needs all of those, plus north carolina. so, it's a much easier path to victory f

consumer and amex. oil and chevron. rse economy for the dow.high for the dow in about 9 months don't go away. >>> welcome back, everybody. tropical storm eta has flooded parts of south florida some areas getting more than six inches of rain a flood watch is in effect until tomorrow >>> pfizer's vaccine comes as the u.s. approaches 10 million cases. utah's governor has announced a new state of emergency to help stop resources from being stretched. >> scientists and medical workers continue to suggest masks are a way to stop the spread i am putting into effect a mask mandate until further notice. >> biden announces his koeftd task force including rick bright former barda director and whistleblower. >>> we await election results. president-elect biden and vice president-elect harris are setting to work on their transition meeting with a covid task force announced earlier cochaired by two academic doctors in the obama administration vivek murthy ousted early in the tum p term dr. david kessler and dr. macella nunez-smith. releasing a lengthy statem

that kind of demand and supply it in amex will be the key -- supply dynamics will be the key driversill probably see a little bit more rally,, a little more news related to the onshore bond market in 2021. juliette: that is what i wanted to touch on as far as participation and how much further that can drive this market, particularly as you say the first in, first out story where china is probably looking more attractive than investing in some other nations. vanessa: just a little bit complex. if we look at before the index inclusion happened, offshore investors participating in the onshore cdb's will be 4% to 6%. for the past couple years, this has gradually increased. one of the pushback's is a lot of global indexes that have been adding china onshore cdb into the portfolios. if you are running a large portfolio and, you don't look at china, you don't look at cdb's, you have to accept a marginal tracking error. what happened in march this year was very -- class in the offshore market have been selling off, where as the iturer -- the onshore market has not been. it is been talked ab