the deal and google pay, i want to start with this spending data out from mastercard this week.t black friday a week away. the survey shows people plan to spend a little bit more and shoppers are turning to online and contactless. what should we expect from consumer spending this holiday season >> well, it is that time of the year and what we're seeing is interesting information both through the quantity ative information and the equally take theive information that we added for the first time this year to really understand consumer attitudes towards spending as we head into the holidays what we're seeing so far in the numbers is october is where we have seen the holiday spending begin. october has been a pretty good month. retail sales are up about 4.1% year on year for the month of october. although, with quite a bit of difference in categories of where people are spending their money, spending much more on things related to the home, furniture and hardware and home furnishings, groceries, obviously less on things related to travel. but interestingly when we hear consumers exp

mastercard key card, the funds can be used to pay for essential items with minor restrictions can't buy things like alcohol or tobacco. >>in san francisco a 90 year-old woman is in the hospital tonight with life threatening injuries after a hit and run collision. it happened yesterday afternoon in the diamond heights neighborhood along duncan street police say motorcyclist hit the woman and then fled the scene sfpd is not releasing any description of the suspect but is asking anyone who may have information to contact them. all right weather time as we get a check now on the 4 zone forecast. >>for chief meteorologist lawrence karnow here with the look ahead, guys getting excited. we got a cold front headed toward the bay area you see the beginning of some of those clouds rolling in making for a gorgeous sunset. this evening looking from the berkeley hills with those clouds will thicken up overnight tonight and guess what tomorrow we're talking about a chance of some rain not a huge storm, but certainly enough to get the ground went around the bay area, some places maybe a 10th, maybe as

mastercard is launching the cash for trash program in various cities across the country with san jose being the first san jose officials say they're already seeing some impressive results. >>a six-day period. we've enlisted 27 participants. we have collected more than 2 tons of trash. in our streets and out of our waterways that is a tremendous contribution and i'm grateful to the members of our in-house community were willing to participate. obviously it's a great benefit to us as a community and also provides us a pathway to begin the conversations that we need to be able to start to provide services to many of those on the house. maybe otherwise service resistant. >>hopefully it's a win-win-win 2 tons of trash that's a lot people will be paid $4 for each bag of trash, they collects the money can be used to pay for essential items with minor restrictions see can't buy things like alcohol or tobacco. >>still ahead why many people don't plan to return to the workplace ev ♪ 100% beef and hearty chili. try my $5.99 chili cheeseburger combo. it's pretty delicious. 100% beef and hearty ch

mastercard has such a global perspective.nd fascinating coming from the u.k., when i first moved to new york i was astounded i cannot use touchless payment as freely as i had in london. here i keep having to run back to the office because my phone did not work for payments. is that happening more? are we seeing the digital divide between the u.k. and u.s. in terms of payments shrink? steve: i think you've seen a massive change over the last eight months. it is driven by the consumer desire for convenience and safety. safety, that relates to touchless, contactless becoming one of those elements. shopping online are having exponential growth. you exceed internet commerce going from 12% to 20%. 60%.today, growing 50% to meeting a touchless credit card experience, that is growing exponentially. nowhere near the levels you are seeing in london. i think that will be the opportunity. these trends have been accelerated by eight years of change in eight months or six years of change in six months. i think the consumer is getting comfo

i would think shopify, visa, mastercard.y are the essential infrastructure no matter which store someone is trying to buy from online they have got to use some of these key infrastructure plays. those are important. shopify is number two to amazon. there are certainly growth opportunities there. everybody has to talk to their own advisor but i think we have to look at those three as key players to infrastructure, the toll road to online shopping. >> liz: here i am can only by one, which one is it? >> if you're more aggressive, someone who is more aggressive would i take a look at shopify because it has a, it has a lot of room to grow. now they're doing double-digit growth in a number of their metrics. they're number two behind amazon but there is tremendous amount of space and they're essential to many people how they do this and their subscription model tends to work. if you had to pick one those are the kind of things in that space. visa, mastercard, the payments are very, very essential. they are ones you have to v you ca

mastercard is launching the cash for trash program in various cities across the country with san jose being the first and the city is already seeing some impressive progress >>a six-day period. we've enlisted 27 participants. we have collected more than 2 tons of trash. in our streets and out of our waterways that is a tremendous contribution and i'm grateful to the members of our in-house community were willing to participate. obviously it's a great benefit to us as a community and also provides a pathway to begin the conversations that we need to be able to start to provide services to many of those on the house. maybe otherwise service resistant. >>now participants will get paid $4 per bag of trash and they can turn up to 5 bags for a $20 mastercard city he card the funds can be used to pay for essential items with minors trick shuns on things like alcohol and tobacco live in the newsroom. sanaz tahernia kron 4 news. >>here on kron 4 news at 3 president elect. joe biden is getting support from at least one republican member of congress calling for it. smooth transition into the whi

yousef: that was the mastercard chairman and ceo.ill have 20 more ad on a date when we are fairly risk on. we will get to all of that and more. this is bloomberg. ♪ nissan is said to be exploring a possible exit from its investment in mitsubishi, a mood that could reshape the world's biggest auto alliance. nissan could sell some or all of his stake in the struggling partner. a key part of the former -- ceo's legacy. driving theses cracks to such a wide extent? remember this week marks the two year anniversary. [indiscernible] me.se what is going on now is the aftermath. turmoil,ad management doom and gloom with demand. [indiscernible] and now the is taking a fresh look at the partnership. they will look for ways to end its capital [indiscernible]. -- to orchestrate it four years ago. at over $2 billion. going to try to resume the conversation in the coming hour because we are having difficulty with the line. we apologize for that. i was senior editor in tokyo and a very important story. in the interim other developments we are follow

if you think the who i wiorld i to open up, i pick mastercard. then again you can say that about square and paypal. they're on fire because they take bitcoin the first bank that wants to make a big market crypto they're too worried and scared they won't do it i will come back to these vaccine winners over and over. as we are now where earnings are over and visions of sugar plums distan dancing in our heads no matter what i pick two or three of these names these are the stock that is are cyclical and you merge it with the up stocks, you will do well. for months i have been telling you need a barbell portfolio to cope with covid. rtn and returning normalcy, rtn? returning tonormalcy don't worry, i think you will get another chance to pick up some of these vaccine winners at low levels let's go to scott in north carolina scott. >> hi, jim your newsletter is awesome let's talk ups last week i bought four vaccines called supply chain stock, carrier and ups and mckesson, should i stick with ups? >> oh, you have to it was so unbelievable at home depot.

. >> mastercard, buy, sell, hold >> first of all, if you own it, hold it.u don't own it, buy it. we really like mastercard. it's fairly priced at this level and has great profitability. ultimately what they're focusin on is the unbank and underbank 500 million people globally could be their consumers they're doing the good work in the corporate social responsibility report. i read that a lot. that gives me the innovation ideals companies are employing. >> lastly to you from rob in florida, what is too diverse of a portfolio? is it more than a hundred stocks is that too many how would you answer that question >> rob, it's not so much about the number of names but about the broad categories you don't want all 100 of those names or however many you have driven by the same factors you want to make sure you're diversified across regions first, sectors and size categories once you've ticked all those boxes, the names are on the periphery and not central to your diversified stock portfolio. >> all right, thanks, everybody. >> crude prices. how are futures traders

. >> we talked about monster performance stocks like mastercard and visa for the past decade and i wondersing the baton and these are the payment stocks of the future >> look at the performance square is up close to 300% paypal is half that. paypal has flattened out for months square keeps on going. i find that cash app that kate was talking about very interesting because it looks like there's diversifying away from the instant deposits which is where all the money used to come from. they're now talking about bitcoin in this. they're really disruptive. they're moving really fast to get into the kind of business and areas people want to get into as of now, it looks like square is much hipper than visa or mastercard to me >> i agree dom, this is one where i don't really have any direct experience i use venmo, i use zell, using chase app to pay people at other banks all the time i feel like i'm -- i guess by the time i adopt it, the run's going to be over. >> it's more the concept, right? you and everybody else out there are using these types of fintech products even more and more. for me, w

>>san jose mayor sam liccardo announced the city's partnership with mastercard and valley water today under this program people who are homeless can pick up trash at encampments in exchange for programmable and reloadable cards from mastercard. the city is already seeing some impressive progress too. >>a six-day period. we've enlisted 27 participants. we have collected more than 2 tons of trash. in our streets and out of our waterways that is a tremendous contribution and i'm grateful to the members of our in-house community were willing to participate. obviously it's a great benefit to us as a community and also provides a pathway to begin the conversations that we need to be able to start to provide services to many of those and maybe otherwise service resistant. >>participants will be paid $4 for each bag of trash and they can turn in up to 5 bags for a the funds can be used to pay for essential items with some restrictions on things like alcohol and tobacco. >>next 8 o'clock we take to the skies above the hayward hills are flying tails venture showing off some expert piloting skil

parques y recreaciÓn de san josÉ, explicaron que el hago se realizarí"a a travÉs de una tarjeta mastercarde $20 por semana, serÍan 41 lugares a travÉs de la ciudad donde este programa funcionarÍa como piloto. para que las personas sin hogar podrÍan hacer el dinero como quieran, pero con ciertas limitaciones, ya que no podrÁn comprar ni alcohol ni productos de tabaco. >> hay que limpiarlo, uno tiene que estar en un lugar limpio, para que el pueblo estÉ limpio. marÍa: este hombre originario de cuba, reconoce que personas desamparadas que tiran basura, pero no todos. >> algunos, la verdad es que si ensucian, pero no podemos echarle la culpa todos que son sucios. marÍa: los fondos para pagar a los desamparados provienen de la ciudad de san josÉ, este es el primer programa de este tipo en el paÍs. paola: gracias, marÍa. la junta educativa de distrito escolaren san josÉ, decidiÓ que continuara con la educaciÓn a distancia del 15 de julio del siguiente aÑo, el presidente de la junta educativa dio que tomaron esa decisiÓn, porque las escuelas de ese distrito se ubican en las zonas de altos con tal

the program is a partnership with mastercard and valley water. agency committed $60,000 for each year for the next three years. money is also coming from the city budget. >> my intent as long as i'm in office to keep it going. it will be a high priority for me to fund it. >> participants will receive the money on a reloadible mastercard. there are restrictions on what you can buy with that card. >>> next on abc7 news, an eye opening new experiment on outdoor dining. how the virus can still travel from table to table and the best ways to reduce your risk. >>> and we are taking a live look at the big board at the new york stock exchange right now. we're up about 217 points. an update on how the markets are doing next. >>> and counting down to black friday. why retailers are still expecting record sales even though many brick-and-mortar stores are closing for thanksgiving. >>> the time is 6:38. checking in with mike for a look at our forecast. >> all right. thank you. hi, everybody. thanks for sticking around, checking out the forecast here. our mor

the program is a partnership with mastercard and valley water.gency committed $60,000 for each year for the next three years. money is also coming from the city budget. >> my intent as long as i'm in office to keep it going. it will be a high priority for me to fund it. >> participants will receive the money on a reloadible mastercard. >>> as traffic returns to the streets of san francisco, so does the debate over congestion pricing. the public just weighed in on a plan that would charge tolls for driving on streets downtown and south of market. so one option calls for charging inbound traffic. another would charge traffic going both ways. some drivers would get discounts. part of the plan aims to encourage people to take public transit instead of driving, but some accuse muni of being unreliable. >> all of this would work if we had a transit system that functioned, but the truth is we don't. >> we would not expect to implement congestion pricing if we don't have a transit system that can take those extra riders. >> sf mtala mor pe public input b

we will also hear from hillary clinton, and the mastercard ceo.berg. ♪ shery: the fec is pushing ahead with a plan that could see chinese companies kicked off chinese stock exchanges. they plan to crack down on companies which do not comply with rules that require a review of audit. international editor, jodi schneider, has been tracking this story. what do we know about the steps that got us here and what has changed about the pressure for the sec to do something? sec is pushing ahead even late in the trump administration with this plan, which would threaten to kick chinese companies off of u.s. stock exchanges. this is the latest clash between washington and beijing over these kinds of rules and the officials have been moving quickly on the role since august when a group called the president's working group on financial markets, that includes the chairman and treasury secretary, they urge the regulator to pass these new restrictions and they could go into effect as soon as 2022. it is an unusual move because the agencies stopped issuing new poli

. >>> a new mastercard survey shows 77% of americans will choose to shop local this year and the majorityn to be more mindful of where they shop. 75% of holiday shoppers will favor small minority and women owned businesses. as covid-19 cases surge all across the country, nearly two-thirds says they plan to shop in stores with contactless payment options. they expect to complete the majority of their holiday shopping online. i think a lot of people are starting to feel that way. marcus and laura, over tu. >> this is perfect timing because we're going to shop small, shop local for not only your christmas present but your birthday present because happy belated birthday, frank. tfls yo it was your birthday last week, wasn't it? >> it was. how did you know? >> we know everything, frank. >> because months ago you told us and i wrote it down on the calendar. you haven't been around, so happy belated. >> that's hilarious. a lot of shipping delays. i'll wait patiently. >> we know you will, frank. >> very good. >> happy belated, frank. >>> potential savings up next on "today in the bay," how much m

homeless people who sign up to pick up trash at encampments will get a prepaid reloadable mastercard. they'll be paid $4 for each bag of trash bundled and can make up to $20 a day at participating sites. the cards are restricted so they cannot be used to buy tobacco or liquor. organizers say cash for trash is a win/win. >> we have launched this program because we recognize there's far more that we can do in partnership with our homeless residents who want to be part of that solution. >> san jose mayor sim liccardo says more than two dozen people have already enrolled in the pilot program. >>> a dmv office in the east bay is shutting down. tomorrow the branch on north broadway in walnut creek will close permanently. the lease is expiring, and it's not being renewed. the dmv didn't say why, but it also announced it will make a temporary branch in pleasanton permanent. so now pleasanton will have two dmv offices. >>> well, in the north bay, a sea lion on the road without her driver's license. this is minnie. rescuers say she swam a little far upstream then waddled across san clemente dri

the workers, mostly from the camps themselves, are paid a stipend loaded onto a mastercard. right now the pilot program is funded with a $175,000 grant from the federal cares act. but that money is set to run out on december 30th. >> so i'm hoping that, you know, the new president, kamala, the d.a., anybody that can help advance this program because it's working. we're killing the covid virus. we're helping the community. we're cleaning up. >> reporter: in oakland laura anthony, abc 7 news. >>> next at 5:00, small businesses are now in survival mode. what happens in the next few weeks could mean the difference between weathering the crisis or closing their doors. >>> and apple gets fined over batterygate. has this happened to you? the company settlement after slowing down its my psorii had enough!s pain? it's not getting in my way. joint pain, swelling, tenderness...much better. my psoriasis, clearer... cosentyx works on all of this. four years and counting. so watch out. i got this! watch me. real people with active psoriatic arthritis look and feel better with cosentyx. co

. ♪ karina: coming up later today, the mastercard chairman and ceo.loomberg. ♪ >> despite the many challenges and hardships, i am proud to say that we have been steadfast in managing our businesses under enormously difficult circumstances. we haven't just press revered during these tough times, we have taken a number of deliberate steps and smart risks and have positioned our company for greater long-term growth. tom: it has been extraordinary. the disney report from chapekay, robert reporting. that should have been the one stock that was hammered, yet they have not. acute research on all of the stuff we are living now. michael, did you predict disney would be so resilient? did not predict the disney stock price would be so resilient. i have been through two recessions with disney. of parkshe weakness and advertising pressures the stocks for a while. this wasn't that time. tom: i watched the next episode of mandalorian. they are doing star wars stuff and paying john favreau more than god. is anyone profiting? likeel: at this point, netflix, you are lo

financial keeps burning like this, you got to sell them you can hold visa and mastercardmastercar mastercard, they benefit international travels. there is no volume i can see the airlines giving you more upside. a vaccine opens up travel. giving you more place to go. pfizer means they'll be able to survive. the rails, i don't know how they become unstoppable remember we talked about it? the industrials have been running for weeks like the rails. they tackle on the big move. they are getting long. time to figure out how high they could go they visit with china? you can hold them if you believe the trump challenges failed. that's why i love boeing here. if we get the vaccine by year-end, the skies can be the limit for this one boeing suppliers should do well. if china wants to toss an all branch towards a new president, buying boeing planes is the way to do it what are you doing with covid? so do we dump zoom and peloton and forget about clorox and going into in-door dining place? these stocks have had huge gains. don't sell them all because we still need to make it through a brutal winter wit

almost 10%, jpmorgan up 14%, 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 d

still rather by in diversified financials like goldman or morgan stanley or payments like visa or mastercard i was looking at the chart of schwab today, it looks like it's picking up momentum, so the banks specifically, i think they can participate once the rotation picks up steam, but this kind of move today, i think you can probably buy them a bit lower again. >> jeff, great to see you, in true "fast money" fashion, i'm wonder, karen, if you took this opportunity to trim anything else, seeing the outsized moves across a lot of the value sectors, which you own this move before today was up big, so 30-plus percent, for jpmorgan at 91 or 92, so i probably would sell some out-of-the-money calls this move is really gargantuan >>> coming up, the stay-at-home stocks in a slump today. is this the end of the road for some of this year's high flyers? more "fast money" in two minutes. ♪ ♪ ♪ ♪ to high quality computer science and stem education. ♪ i joined amazon because i wanted to change education and i am impatient. amazon gives me the resources to change the world at a pace that i want to change i

homeless people who sign up to pick up trash will get a prepaid reloadable mastercard. for each bag of trash collected. and can make up to $20 a day. the cards are restricted. so they can no be used to buy tobacco or liquor. >> we have launched third-degs e program. there's far more we can do in partnership with homeless residence. >> san jose mayor says two dozen people have enrolled in the program. >> a south bay holiday favorite is changing with the times. instead of shoulder to shoulder it's bumper to bumper. we're talking about christmas in the park. this year when it opens the day after thanksgiving it will be a drive through event. which families can see from the safety of their cars. there's a bonus. the low case is the history park. with homes and stores from san jose past also decked out. you can buy tickets at christmas in the park web site. $20 a car. or 10 if you go early 4 to 5:00 p.m. >> you have heard about the chicken crossing the road. what about a sea lion? she swam too far upstream into the city. she was spotted when she jumped out of the water and w

change after a huge surge in november >>> and we've seen strong numbers from corporate america mastercard said spending remains steady gap the counterpoint that stock is down 20% today alone. 59 minutes and one-day holiday coming up, of course, tomorrow the dow is down 0.6%. >>> coming up on today's show, website security company cloud flair shares are up. we'll speak to the ceo >>> plus, riding with unicorns we'll talk to founders fund keith rabois steve liesman has a look at today's economic data. mike santoli is tracking the market action. deir deirdre bowsa has details. steve, start us off with the economy. a busy day today. >> yeah. the federal reserve earlier this month at its meeting discussed asset purchase but saw no immediate need to adjust i think a bit of a disappointment to markets that might have been expecting news at the upcoming december meeting. it could warrant a change to asset purchases and did see downside economic risks from the virus surge, as well as a lack of fiscal policy it said emergency facilities, the ones that secretary mnuchin said he was not continuing, w

amazon, apple, facebook, alibaba, visa and mastercard, amazon the number one stock in terms of holdingsor eight of the last night quarters and tesla was cropped from this list's long position >> it's an interesting list. weiss anything on this list surprise you i'm not surprised by much. maybe baba but that's been a hedge fund fade for a while anyway >> nothing really surprised me i added to baba. i added to it on the first drop. the stock went down another 8% so i added meaningfully yesterday. i was waiting for a bottom in the stock, didn't catch the bottom but doesn't matter today. the stock was down 20% when it corrected, all because jack ma gave a speech sort of attacking the communist party. so xi said -- x-i, not his wife, let's get this straight, i'm the boss here. i think you see the yield come back, maybe the next quarter and the fundamentals are phenomenal. i think it's a great buy right here >> what do you make of health care, shannon, as the largest net exposure i found that interesting from rahel's report >> i did find that somewhat interesting i think there is this idea th

mastercard is partnering with the city as part of the initiative. >>> the board of supervisors in santature of the airport. community leaders are pushing for affordable housing there while those who use the airport call it an irreplaceable asset. >> read hillview airport, it has long served private planes, aviation students and even first responders. but it's not serving the surrounding community according to local leaders. they state that needs to change. they want the land repurposed. >> the potential of this 180 acre site is extraordinary. consider that the google village in downtown san jose would consume only half of the site. >> community groups envision affordable housing with access to parks and transportation. and with the vote of the board of supervisors set for next week that make it a step closer to reality.>> for too many years the eastside community has had to deal with how other people wanted to use this land. the possibilities are exciting, progressive and endless. >> but those who love read hillview say they won't give up without a fight. >> we are trying to engage with

in the program will get paid $4 for each bag of trash they collect with preloaded debit cards, mastercardalley water are partnering with the city as part of this initiative. better business bureau has a warning about an online scam, the secret sister gift exchange. posts pop up about a secret sister gift exchange promising people will receive 36 gifts in exchange for sending one gift. bbb says not to take part in what is an illegal pyramid scheme. >>> teetos is raising money for a charity with a holiday cookbook containing two dozen recipes from chefs, all whom have come up with dishes that use cheetos as the main ingredients. world central kitchen is providing food for the needy during the pandemic. macy's parade will go on this year during the pandemic but looking different than in year's past. floats and performers will go down one city block. the area will be sealed off. onlookers cannot watch in person. you can only see this on television or online, involving 1500 people. >>> the national football league announced r and b singer will headline the halftime show at super bowl 55. star

you see jpmorgan and all the banks up today you know that's not going to last meanwhile, mastercard, paypal, anything to do with contactless payments, you already know for a fact that these companies will continue to grow market share and grow that total addressable market no matter what biden does you already know this. these are the stocks, home builders are up 11% in four days they were already going up it doesn't matter who got elected. so these are the things that i really think people want to look at so i think cyber security, contactless payment, work from anywhere these are the stories that you want to stay focused on. the election will come and go. >> you bought paypal you mentioned it just now but you actually bought it >> yeah, i bought it i stole it i stole it i bought it yesterday at like 182 or 183 or something. paypal's going higher. this is going to be before this era is over one of the top three financial services companies in america by market cap and it's actually in the wrong category they think it's a software company. but it's already bigger than goldman sachs.

con significantly airs and they have done a spectacular job positioning berkshire in things like mastercard, visa, technology companies, they're in amazon now. these are trades that the ol man would never have pulled the trigger on he may have approved them, he may not have they're not his. i don't think all of a sudden warren buffett is perusing the clinical trial information from pfizer and abbvie about drugs they have in development and saying now is the time i don't think they're his trades >> of course steve, look, i want to be clear, okay, i totally get everything that josh is saying. when we ksh i just do it out of instinct when you mention butffett, i'm thinking of the portfolio managers and buffett it's berkshire atawhathaway we say it's buffett because barren buffett i mean, you know, berkshire hathaway, buffett eaves na's na the door we get it. >> scott, to your point, there is definitely a statement being made he's not out there trying to eng ka -- education the market to what he thinks. he could care less he's saying the people that work for him that he trusts, he saying i see

in particular that use mastercard to process transactions. they work on a business by business basis and they know who was doing transactions and who is not. this is a map showing the percentage of accounts that were not showing any transactions in the last couple of weeks of july unfortunately, we don't have updated data on this. we're trying to get this from a third-party source. it's showing you that when things were quite bad in the middle of july, exactly the extent of the shutdown, at least a temporary shutdown across the city. heavily concentrated. next slide. we would also like to talk about transportation because i think transportation and the willingness to use certain types of transportation is going to shape the recession and recovery in a way they never have. this is the information from the county. it shows the average freeway speed in san francisco in rush hour. we have seen big changes in that since the shutdown. before the shutdown, the average rush-hour in the afternoon in san francisco and highway speed was about 25 miles a

investment banking and traditional lending but realistically, all eyes are on fin-tech, paypal, visa, mastercardguys who are growing. charles: less than a minute to go, my friend. we are going into the close. one of the things we like to get from our guests in this block is their favorite idea. what do you like the most right now ahead of the closing bell? >> a name we like as far as going into tomorrow's close, as well as in a year end, qdel. the stock got absolutely destroyed on monday on the covid-19 vaccine. these guys have the only combo covid-19 normal flu rapid antigen test that will decipher between covid-19 append normal . we think fair value, 325 to 350. charles: qdel, could be up 50%. nate, thank you very much. liz, we are hanging by a thread but still to the upside. liz: my friend, you are never hanging by a thread. we thank you for the service you have given to this country. thank you so much. charles: thank you. liz: on this veterans day, yes. the nasdaq bringing the heat in the bottom of the ninth. it's big tech power hitters looking to knock out any doubts fueled by the rotation

take a look at the payment stocks square, payment, mastercard are higher square is having a huge week, now tallying up a 13% gain paypal is up 4% today. let's get to sue herera for our news update. >> here's what's happening at this hour. france has reported a new all-time high for the number of new virus cases with the number of confirmed cases up by 58,000 over the last 24 hours alone as that country continues its new lockdown measures, france's health minister says the days and weeks to come will be, quote, difficult >>> a new study by the cdc suggests that working remotely has helped reduce the spread of covid-19 the report showed people who were working had an office setting prior to getting sick were almost twice as likely to test positive than those who worked from home >>> wisconsin's governor delivered a radio address today encouraging wisconsinites to stay home and take every precaution to protect the health and safety of their communities. the wisconsin supreme court declined to reinstate coronavirus restrictions, limiting the size of public gatherings >>> and take a look a

mitch mcconnell's comments a bit earlier which is boosting some of the other payment companies, mastercard5% and visa is also getting a boost up about 4% and any hope of more stimulus and a boost to consumer payments is helping the payments company here kelly, back to you >> good point, kate. thank you very much. kate rooney. coming up, ballot provisions are giving gaming tox a boost said as they have several states legalizing -- infrastructure names taking a hit on the chin today. we'll take a look at what's come up on "the exchange. how we come up with new ways to serve our customers... and deliver our products. but no matter how things change, one thing never will... you can rely on the people and the network of at&t... to help keep your business connected. hi, my name is sam davis and i'm going to tell you about exciting 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

. ♪ with the wayfair mastercard evearns you rewards at wayfair when you value everyone. towards creatingme. like 5% in rewards when you shop at wayfair, 3% at grocery stores, 2% on qualifying online purchases and 1% everywhere else. so at wayfair, you can spend less and get way more rewards. apply now on wayfair.com. ♪ wayfair you've got just what i need ♪ my body is truly powerful. i have the power to lower my a1c. because my body can still make its own insulin. and trulicity activates my body to release it, lowering my blood sugar from the first dose. once-weekly trulicity responds when my body needs it, 24/7. trulicity is for type 2 diabetes. it's not insulin. it isn't for people with type 1 diabetes. don't take trulicity if you're allergic to it, you or your family have medullary thyroid cancer, or have multiple endocrine neoplasia syndrome type 2. stop trulicity and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, changes in vision, or diabetic retinopathy. serious side effects may include pancreatitis. taking trulic

the city is partnering with mastercard and valley water to incentiv incentiveize homeless residents. >> to be able to provide a pathway for homeless residents, our neighbors to be part of the slution, to be able to help us clean the community and beautify our city in a way that makes us all collectively proud. >> those who pick up trash get $4 per bag up to $20 per day. city officials say there are restrictions on what can be purchased with the cash cards. >>> all right. now to a big find near scotts valley this morning. would you believe big foot? well, maybe not the real big foot. this guy was spotted in the road way near glen canyon and green hills road. these photos were posted on the scotts valley police department facebook page. according to officers, big foot was a little banged up. a it appears he doesn't move around that much so he can't get away, but he'll be returned to his home at the big foot discovery museum. >>> all right. shark attack. are the sharks swimming out of san jose? they're saying today. black friday, it won't look like the typical shopping frenzy, what you

. >> you bought more mastercard and more disney, i did it's a bowl. >> i think they can hit 100 millionbers with diss hi truck haven't prfrm -- they are genius with blocking a movie with a princess. >> >> y. 6.4. >> that's not quick enough. >> this company is making. >> valley national bank corps. i bought stock and calls. >> that was quicker. >> objection thank you. "the exchange" starts right now. >> thank you, scott and everybody. and i'm kelly evans. welcome to "the exchange" everybody. here's what's on tap investors are fleeing the names during the pandemic and piling into recovery plays. the cma averages once again. should you make the move or chase it we'll talk about that. one more thing apple is kicking off another product event right no

. >> people participating in the program will receive their money on a reloadble card for mastercard.n buy with that card. >>> unfortunately, trash is a site we've all been seeing far too often lately. it's so unsightly. but an east bay man decided to make it his mission to combat the litter in habitats. melissa has the story of how he's working to build a better bay area. >> there are four main sources of trash, litter and smoking related things, dumping, homeless camp sites and car crashes. untrash east bay is a volunteer group. we meet once a week. we have 350 members. 20 to 25 people show up at any one of our cleanups. so our mission is to clean wild land areas and to build community and ultimately, to stop the flow of new trash from flowing into the environment. in recent years, i think all of us noticed how bad the trash is getting, and at some point, i just decided something had to be done. since the beginning of the year, we removed 1250 bags of trash, appliances and mattresses and so on. this is aquatic park. we have six projects now and this is the second major one. the firs

with the wayfair mastercard every qualifying purchase earns you rewards at wayfair towards creating youre 5% in rewards when you shop at wayfair, 3% at grocery stores, 2% on qualifying online purchases and 1% everywhere else. so at wayfair, you can spend less and get way more rewards. apply now on wayfair.com. ♪ wayfair you've got just what i need ♪ new vizinc and elderberry mmies are fortified with to sustain a healthy immune system plus melatonin for restorative sleep because being run down, is not an option. recharge your nights to take on your days with new vicks immunity zzzs. from america's number one serum brand. five times more retinol than the no1 retinol serum. yet formulated to be gentle on your skin. new no7 advanced retinol night concentrate. >>> good sunday morning. it is november 8th. here is a live look outside at the bay bridge as the sun begins to rise over a chilly san francisco. it is windy out there. thank you so much for starting your sunday with us. i'm kira klapper. vianey arana has a look at your microclimate forecast. good morning. >>> it is another chilly start

areas outside of that, visa, electronic payments, they're in a do yuoply with mastercard.tiyear growth visa is enjoying on globally is unlikely to be changed any time soon. we're spending more of our dollars online and with our credit cards than ever before. believe it or not, we're probably in the fifth or sixth inning globally in that transition away from cash and checks and over to electronic forms of payment those are the kind of companies we want to own for our clients and have reasonable valuations on their growth and also have high returns on capital and wide economic modes of protecting those businesses there are a lot of areas not only in faang but outside of faang, you can still find those opportunities if you have a longer view. >> jason, thanks for your time today. jason from albion. >>> ahead on "power lunch," thanksgiving could look a lot different. in fact t already does covid cases continue to climb. local governments are encouraging families to hold smaller gatherings, to stay home the president of boston market will share his thoughts next plus our power

hello, the season is changing now throughout the middle east, the most obvious changes is mastercard. enough. gonna stand by a significant rain has fallen recently. snow at the heart, obviously that's in the forecast too. but usually the things these westerly wages, they end up being cold, come from the east and no trying to cross the levant cross iraq sheryl's or as far south as one around the gulf. so you've got the higher ground west and saudi, which will prompt showers, qatar mike and the old shower in the north, probably not in the capital. now be the case monday where kuwait looks, a rather wetter place to be. for the most part, it's still dry. the real change, the real blustery stuff, and the cooling weather hasn't gotten through most arabian peninsula sees nor writing is now fairly obvious and satellite picture a line through and go into the indian ocean. we've actually got to the 1st of the tropical storms of the season, the proper heavy showers,, stretch all the way from like victoria down to d.r., congo, down towards norton. the maybe not along this coast in coast to bangor

that was the mastercard ceo talking about payments going digital.th that theme and bring in an m&a story. nexi has agreed to purchase nets. the move will create one of europe's biggest payment provider. good to speak to you this morning. what are the details of this nexi-nets deal? >> it is an interesting story and has been well documented on our network and in the press. and in the italian press. provider andments is strong in the nordic and german regions. it is probably one of the last remaining payment assets in europe up for sale. and then there is next see on the other hand that just a few years ago was a small italian payment provider and has been growing through m&a. done,this acquisition is it will be the biggest payment company in europe in terms of volume. m&a is a global theme and nexi is probably one of the winners of that trend. it was already a blockbuster deal. 10 millionwas worth and has been growing exclusively -- almost exclusively through m&a. platform and have more transactions and you grow. that is the story. certainly is effec

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

if you look at the month of october, the mastercard spending pulse numbers were up over 4% in the firstnd strength in the consumer, especially at the higher end consumers coming back. the department stores have been much slower than some of the others they have seen growth in their online business. overall online business is growing in the 40 to 50% range and is about 20% of commerce, but the department stores have struggled. i think that you have seen some improvement over the last number of months. there's a lot of optimism for the department stores. clearly in a post vaccine world, the stocks have performed kpe exceptionally well in the last couple of weeks. i think the department stores were a difficult sector coming into the pandemic, and they're going to continue to be struggling, relative to some o. other category killers, and the big box retailers who have expanded the number of categories that they're playing in >> yeah, bill, let's talk about walmart, and what these other big box retailers are doing. they have been knocking it out of the park all year they're not willing to pu

. ♪ mastercard sees a slowdown in u.s. standing. talks for a new round remained stalled. bloomberg chairman and ceo, he said spending is still in good shape but warned of the impact of a recent certain -- of a new surge in coronavirus infections. >> consumer spending, nobody is going to the theater, nobody is out at public entertainment events. we have been managing through four stages. the first was containment, the march-april period. then,cond, stabilization normalization, which is a big word for better than stabilization but not very normal. a new normal. we are living through different stages of that. it goes back and forth. vaccines and the like, sometime next year, we would be looking to getting back to a pre-covid phase. consumer spending domestically as in pretty good shape. most companies have been growing on consumer spending domestically. the second wave passing through the u.s. but travel is certainly challenged. is goingat everything digital. using some form of a contactless card or e-commerce online. the second part is that our data analytics, cybersecurity

executives who signed the request included those at the top of companies like mastercard, visa, metlife, the carlyle group, conde nast and goldman sachs and blackrock. separately one of the trump's ardent supporters and ceo of black stone, stephen schwartzman said in a statement to nbc news, quote, the outcome is very certain today and the country should move on. so joe, this morning, we are three weeks past election day now. donald trump and his small team now of lawyers, it gets smaller by the day, still throwing out the garbage, the sewage, trying to cast doubt on the election. but yesterday felt like a moving day and you saw the businessmen and the gsa say it is time to move on. >> right. fox primetime hosts even said it was time to move on. there were a few things that happened, the certification of the vote in michigan and seeing the statement from stephen schwartzman, one of the president's biggest supporters and we always say, follow the money. i'm not claiming he has any connection to trump with money, but when we read it yesterday, we thought it was a shot across the bow. that

. >> rates are going to go up and this is one of the areas that america's best, mastercard and visa andn. >> but wells is up 13% this was on everybody's reopening trade, i guess >> yeah, it was. >> but, look, shouldn't vidia be down big what did they do to deserve this >> well, jim, it's funny when the market sort of reafirms a story that you think is probably already happening. home depot basically the only red on this notion that you believe that improving your home dynamic is coming to an end. >> look, i think that's silly. you have to look at the ones that are down and find the ones that you think should not be down a lot home depot shouldn't be, the reason why home depot has been up is because people feel like they have more money anddoing their house and if you think they're suddenly going to cancel that and make a trip to go to japan. that's not going to happen i do think that it's not what you necessarily buy in this environment. you want to buy nonessential retailers that are suddenly going to stay alive. and i think that makes sense there was an upgrade for a nordstrom. nordst

from the bloomberg new economy form, joining us now is the mastercard copresident for asia-pacific.much for joining us today. let's discuss a little bit what is happening right now. when i talk about consumer spending recovery, how much of that is coming actually from asia given that they are coming out of the pandemic faster? >> thank you so much. it is great to be here. arenswer your question, we seeing a great deal of growth now coming out of asia, just to give you a sense, based on the recent studies, countries like taiwan are actually seeing retail sales growth going back to pre-covid levels. taiwan is at 5.8%. australia is at 5.2%. korea is at 3.2%. all those numbers actually bowed really well for the -- bode really well for the economic element in this region. this is highly correlated with our government's ability to keep the pandemic under control. people's perception of the risk matters in the economic decisions and in their activities and behavior. shery: domestic economies might be recovering but we have yet to see global travel, given how widespread this pandemic has be

hitting a 4 1/2 month high today the large credit card companies are also on the rise visa is lagging mastercardback to you, sara. >> all right 29 out of 30 dow stocks higher at the moment. amgen is the only exception. thank you. >>> our next guest developed corporate strategy insight from over 40 hours of interviews with executives they represent 31 companies with $1.9 trillion in market cap and $902 billion in revenue. steve mcman, co-founder of purple strategies joins us now so you're advising a lot of powerful companies, steve. what are you telling them on this election day about what outcome you expect >> well, we're telling them is know that the data that is coming in, the polling coming in around the country, national polls, state polls, there are so many more of them this year than there were four years ago. they're telling a remarkable consistent story and that is joe biden has the lead he's had the lead for quite some time even the states tightening up, it looks like joe biden is on cruising to probably what i would expect to be a victory tonight. but i thought four years ago that hill

american express is a big winner told up 22% visa up 8% mastercard up 10%.hose companies all saw a slump if profits during the third quarter and blame travel slowdown cross payments tend to be lucrative and took a nosedive during the pandemic. the credit card companies said the return of travel was key to an earnings recovery and that was all tied to the availability of vaccines. back to you guys. >> kate rooney, kate, thank you. >>> lindsey, how do you play the travel sector? credit cards, airlines, cruise shis, hotels, they are all up today. which of those appeal to you >> yeah, they are all up today but a lot of them are still down pretty far from their precovid highs. i mean i took a look at jets this morning, which is an airline etf. this is still about 40% off from its last 52-we can high. i think some of these guys are getting a boost for a potential vaccine which means the potential for the recovery to continue and people will want to travel again i looked at tsa data as well passenger travel is up 20% since the ends of august people are feeling more