tapestry agreed to buy capri in august, but karen finerman has been pushing for a conscious uncouplingon the deal. >> how about that? >> how about that, that was a good one from our crack team there. i just think it was sort of a deal that they shouldn't have done. now, the question is, can they get out of it? so, what happened today, the ftc requesting more information, that just makes the deal, one sort of element of risk that people sort of dismissed, as i would have, because you see very, very, very few or no retail deals that are anti-trust. however, this is, you know, this is an anti-trust mission, and we don't know what will happen, so, it's going to take some time for them to comply, but let's look at tomorrow, or thursday, what happens. capri reports, and tapestry, both report. and my guess, if current history in the retail space is any guide, neither will be good. this could just increase the spread more. now, deal's worth $57 in cash. capri is 48 and change. so, that is an enormous spread. so, the next thing is, you know, this -- to call this merger an anti-competitive is re

on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. we start off with the market surge. 520 points today, closing near highs of the day, hitting a 52-week high on its final day of the month. lower than expected inflation numbers and salesforce contributing to the gains. the nasdaq climbing back from a triple-digit deficit to end the day flatlined. it's a november to remember, the nasdaq climbing 10%. semis up 15%, regional banks soaring 14%. small caps up 9%. the ten-year treasury yield plunging more than 40 basis points to 4.3%. so, what happens next here as we kick off the final month of the year? a lot of fed officials have signaled it is likely that the last rate is behind us, guy. >> i think it probably is. if you are been long stocks, a lot of people on this desk, even dan has talked about qs and twos. i have not been butbullish, butm not now. but i understand sort of what's going on. and that markup in the month end is almost comical, but it comes in the face of 18, 19 months of leading economic indicators deteriorating, a job m

on the desk tonight, tim seymour, karen finerman, dan nathan, and guy adami. we're going to begin with a mixed bag of early holiday shopping results spending on black friday was up almost 8% versus last year cyber monday expected to post solid gains this year, too but heavy promotions and deep discounts have been the driving force to boost in-store traffic. the early winners so far include shop if i, etsy, amazon, as shoppers have been content to search for deals from their couch instead of braving the crowds the early winners here on the retail space have embraced buy now, pay later that was a big sub story today check out shares of affirm, the stock closing out the day up over 12% over the last 30 days, affirm is up 75% so, what does this seemingly mixed start to the season tell us about the consumer, the economy, and retail? and what to do with these stocks karen? are you surprised? >> i am a bit. we've heard a lot about the consumer being weak in the last several weeks and so, this would sort of fly in the face of that. one of the names shocked about etsy,

. >> i'm going to channel my inner karen finerman maybe it shouldn't been down there, an artificial timejudge the move in the stock. >> that being said, karen -- >> are you calling her a karen >> no, no, no. >> not a karen, karen. this is a compliment. >> in that q-2 print -- over the summer the stock was trading at a new 52-week high, and almost down 30% until it reported that q-3 number and gave that guidance down 30%, up 32% to your point, if you're long it you look to do something to take in -- playing for a breakout here does not seem like a great do in my opinion i think a lot of good news is in the stock. if you look at the valuation it's trading 30 times its expected eps growth, 30%, which is pretty good that ad supported tier and some of the stuff they've done to get back the password sharing, that's all good for margins but one thing i'll say is look at the volatility look at the big gaps there are major shifts in their business right after you think you got it one quarter, sometimes it go another way, too, and when expectations are high, it's not the best time to be buying the

on the desk tonight -- tim seymour, karen finerman, steve grasso. the post-fed market rally. the central bank keeping rates unchanged for the second time in a row and upgrading its assessment of economic growth. stocks closing near their highs of the day. the nasdaq up almost 2%. the dow jumping 221 points. the s&p 500 gaining. for all the details from today's decision, let's bring in cnbc's steve liesman. steve, it's funny, because most people walked away from the press conference believing that the fed still left the door open to another hike and yet the markets are running away like that's not a possibility at all. >> yeah, i'm going to walk through, melissa, and you can tell me if you think i'm crazy at the end of this, why there was a dovish tilt to this thing. they left rates unchanged for the second meeting in a row. that range of 5.5%, that was as expected. but fed chair jay powell, i think he provided a modestly dovish outlook suggesting at least that that additional rate hike may not occur. and i say may not, advisedly. why he affirmed that the takeaway from the sta

melissa lee, coming to you live from studio b at the nasdaq on the desk tonight -- tim seymour, karen finerman, won that win eison and mike khouw. we start with target's monster move jumping 18% after a massive third earnings beat. 22 cents above street estimates. but the pressure on revenue still notable, target's comp sales dropping again, this time, by 5%. the company giving another warning about deal hungry shoppers and weaker discretionary spending even with today's pop, target shares getting crushed this year the big box retailer is down 13% since january. so, is it all clear for target do we see an inflection point? karen, you woke up this morning, peeking out from under the covers, you're like, what's going to happen? >> i know. very nervous very nervous and then very, very relieved i think that's -- there's a lot of relief rally in this. the same-store sales were down they weren't down as much as we thought. they seemed to get a handle on things that had been troubling in the past. envinner to, that was one. so, that really came down, that was nice their margins were better than expec