i think 54% of their sales are from digital good for nordstrom's, bad for gap. gap should have named kernacke as the officer. i am only half kidding around. that would have been genius. he is looking for a new gig i am sure at this point >> playing by your own rules >> that's not playing the game, mel. >> i completely switched to yoegz points >> the bitcoin boom is taking the market by storm. but it may be time to pump the brakes why? and later. is it time to steel up your portfolio. the resource name that soared more than 20% today. we will tell you what it is. (harold) twelve hundred strings of lights. (betsy) quarter mile of tinsel. (harold) and real snow all the way from switzerland. (betsy) hmmhm... gonna be tough to top. ♪ (betsy) well played. (vo) add some thrill to your wish list. at the season of audi sales event. get exceptional offers now. >>> welcome back to "fast money. as wall street roars to new record highs warning, starting off with bitcoin and the baller it passes 19,000 for the first time since 2017. getting cautious, why? >> let's be clear. i

look at the macy's, and nordstrom's.nce again, "power lunch" starts right now. >>> thank you, tyler i'm kelly evans. we begin with the markets this hour the dow was up 11% in november that would be a good year. it would certainly make it the best month for the index since 1987 up 25 today. dom chu has more on the action >> it's a catch-up trade for the dow. it has been for the better part of 2020 lagging behind certainly the nasdaq composite and in some cases the s&p 500 as well. remember, the green lighne, the nasdaq far outperforming other indices. now the dow trying to play a little bit of catch up here. a good month for the dow shaping up we'll see if it holds as we head towards december another big thing to watch is what's happening with the russell 2000 those small cap stocks the index. this is the etf that tracks it both made record highs today it gets a gold star there. small caps again playing catch up with the broader market, especially with the s&p and nasdaq look at some of these specific stocks we're watchin

check some of the moves as we head to wonderful year for some stocks nordstrom up 93 percent. ulta and gap up 35 percent target all-time high today time for one of our favorite games. that's right, shop it or drop it let's kick it off with nordstrom, shop it or drop it, steve? >> i'm going to shop this one, for the main purpose, my premise is, if you did well in 2020 on the retail side will be very hard to replicate that in 2021 nordstrom was a restructuring story, that's what the headlines told us in may stock rallied 75 percent off th may lows to june right now we have the target zone 25 level on technical basis. nordstrom can crash through on the upside there's a lost runway for this stock, don't bet against it, shop it. >> yeah, that seems like a fairly technical take. i see the levels steve is looking at, the 2019 low around 25 and june or may high around 25. if you draw a line from 2018 high and connect it to the late 2019 high and get right back to that $25 you have a mass you have down trend from an all-time hi, mass technical resistant i would drop it if you know some

. >> reporter: neiman marcus and nordstrom will close early at 5:00 p.m. on tuesday. neiman marcus said it is a safety precaution and nordstrom said it is time to allow employees and customers to get to the polls. >>> election night coverage starts tomorrow afternoon at 4:00. we will be the latest election returns all evening all the way through 11:30 with results and analysis. you can find results to your local elections on ktvu.com. >>> coming up. here on the four finalist for the police chief in oakland. what we know about each candidate and when you can meet them. >>> up next, billions of dollars in payments to northern california wildfire victims. tonight we know when the first checks will go out. [ whispering ] what's this? oh, are we kicking karly out? we live with at&t. it was a lapse in judgment. at&t, we called this house meeting because you advertise gig-speed internet, but we can't sign up for that here. yeah, but i'm just like warming up to those speeds. you've lived here two years. the personal attacks aren't helping, karly. don't you have like a hot pil

the kremlin has questioned washington's motives in trying to block a nordstrom to spokesman. dmitri peskov called it a display of unfair competition nord stream to will pump gas from russia to germany through the baltic sea. once completed, it can supply $26000000.00, european homes. washington sees it as a threat to european energy security and has urged of the e.u. to ditch the project. but germany's left party believes it's crucial for berlin to see through the plans. i believe that the technical expertise that is collected and the companies involved with not soon to is immense . they have some of the greatest engineers working on this challenge. and they have solved most of the technical challenges, the remaining legal challenge us most new product of interference of foreign interference by the united states. but they will be overcome. and the german government seems to be holding firm behind the austrian 2 project, which is of course, all absolutely vital interests to the current transition away from coal and dark energy to watch renewable sources and clean natural gas.

nordstrom, you know, founded in 1901, they started off with teddy roosevelt being president, they justmonth that they are going to allow their clients to pay them in local currency and ship internationally. so if a big company like nordstrom can pivot internationally, a small business which is more nimble definitely can >> and that is your advice, i mean i know it is hard, seems daunting for smaller companies, maybe just a couple person operation, but they have to think globally because the amazons and targets of the world will be tough to compete with. >> absolutely. and now is the time. nordstrom saw that they had their clients sitting in front of their computers at home not walking into their stores. small businesses are having the same issue and if you are able to effectively move money around the world, you know, that gives you a competitive advantage. the most important thing for you to do is to ask your client, how do you prefer to pay me, how do you prefer to be paid, do you want to pay me in the australian dollar or the dollar those who indicator to their customers' needs are

depot and lowes, but maybe it will like nordstrom >> there were a lot of intraday reversals. gold slipped by the end of the session and yields endwere low d ended higher that does it for us. "fast money" starts now. >> i'm melissa lee and this is "fast money. beware, bitcoin touching its highest level in three years but it is being said a crypto crash could be coming. earnings, companies calls coming up >> steve grasso, why he is saying this stay at home stock is truly a good investment headlines hit on the coronavirus. new york city is halting all inperson learning starting tomorrow it comes as the number of coronavirus cases and hospitalizations are skyrocketing nationwide. and a new all time high for s&p. we have a record number of cases of covid in america and retailers are hitting an all time high. how can this be? >> the haves and have-nots kudos to karen and tim target numbers were extraordinary. it should come as no surprise. that's a name we have talked about. if you love walmart at their valuation, you have to love target at theirs walmart quarter i thought was very

. >> reporter: i learned neiman- marcus and nordstrom will be closing all stores early at 5:00 p.m. tuesday. it's a safety precaution and nordstrom said it's to allow time for customers and employees to get to the polls. both stores will reopen as normal on wednesday. red red, ktvu news. >>> we're coming back at 4:00 and we'll be on all of the way through 11:30 tonight with the latest results. on our website, www.kutv.com where we have key information about the presidential race and local issues and candidates. at 8:00 here on the west coast, you will find local and national results at on the ktvu mobile website. >>> and at noon, continuing coverage of the election day. for many, it's the first-time voting. what some of the voters from the bay area have to say, about the opportunity to cast their votes. >>> plus. >> the coronavirus outbreak is playing a big role in today's elects. i am in wilmington, delaware. we expect the former vice president may address the nation. that is coming up. . >>> and no jacket required if you're out and with along the oakland estuary. changes are comin

wall green's up 8% and levi 4.5% and nordstrom up 6% and nordstrom up 30% in two sessions that aotiofoyo's ratn r u. we're back after this. 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 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 prescripti

nordstrom's has had a monster month. to watch despite all of this, consumer confidence is flagging just a matter of time before i spills over into the market? we'll talk about all of that next on "the exchange. ncing) at least geico makes it easy to bundle our renters and car insurance. yeah, helping us save us even more... for bundling made easy, go to geico.com >>> welcome back well, the dow is reaching above 30,000 today consumer confidence is back to its lost levels since august the consumer can have against index for november clocked in below economist expectations and the conference board is warning that consumers are less optimistic about the short-term outlook now. is there something that stocks are missing? let's bring in the ceo and president of the conference board and a cnbc contributor steve, it's a pretty remarkable -- i mean, usually stocks and this index move hand in hand, but they have become detached the last month or so. >> well, they have, kelly, and, you know, september and october were pretty flat,

and i think that makes sense there was an upgrade for a nordstrom.aybe they go from the do not resuscitate risk to the whole list one david is going to be focused on simon property group. >> it's funny i was just looking at trust the huge owner of commercial real estate, office buildings. vno, guys, if we want to bring that up. let's also look at simon property the big case coming very soon i think next week in michigan in terms of the deal. but, jim, vornado up 35% >> 35% >> 35% >> 35% >> i guess people were short the real estate investment a great trade to be short. that's one of those things that people, i mean, great trade to short federal realty and great trade to short simon and, you know, carl, i think that the shorting is bringing some stocks up and is pepsi worth much more today than it was before pepsi was going up anyway. >> there it is >> boeing is i think boeing, i think boeing is going to get max approval and it's going to happen before year end and i think that's good news in an era where the chinese seem to be ready for a new regime,

. >> i've learned neiman marcus and nordstrom will be closing all storms early at 5:00 p.m. tuesday. neiman marcus said it is a safety precaution, and nordstroms said it is to allow employees to make it to the polls. >> i am 62 years old. never in my life have i seeing some like this. let's just hope it stays peaceful tomorrow. cristina rendon, thank you. >> a federal judge in texas threw out a lawsuit filed by republicans to try to invalidate nearly 127,000 ballots in houston. conservative activists said the votes should be thrown out because they were cast at drive- through polling centers set up during the pandemic. she june said the opponents did not have standing to bring the lawsuit. the texas supreme court rejected a similar challenge over the weekend. a record 1.4 million early votes have already been cast in harris county. >>> pollsters are showing very close races in the swing states. in pennsylvania, biden is up by 3 point. inspect wisconsin, biden's lead is more than 6 points. florida there, biden is up by two points. biden has a three-point edge in nevada, and j

the company building at nordstrom too has said construction of a section of the german off the german coast, which had been frozen for a year will soon restart. we are planning to resume by playing work using an anchor vessel in german is exclusive economic zone. this year. the ship mentioned there is now anchored off the coast of russia's kaliningrad region according to marine traffic data. last month that the u.s. state department stepped up pressure on european firms involved in the project. the measures include penalties for vessel owners and insurers, but not the energy giants that are financing the construction. a senior german energy official described washington's behavior as gangster, like it is the 1st currently u.s. pressure over north stream to has reached an unprecedented high. it's an attempt by the americans to lobby their economic interests to go behind the backs of their supposed partners. actually this behavior reminds me of the matthew, matthew c, come to the restaurant and say, we must protect you. but if you don't pay for this, we will smash all your places. and i

all days there's been a public backlash and because of covid, the likes of sams, walmart, target, nordstrom'se's, they'll be closed. so happy thanksgiving. >> and hopefully we can sit back and enjoy. thank you. >>> everybody's wondering about the forecast. >> and a stowaway returns to the wild the lack of control over my business made me a little intense. but now i practice a different philosophy. quickbooks helps me get paid, manage cash flow, and run payroll. and now i'm back on top... with koala kai. hey! more mercy. save over 30 hours a month with intuit quickbooks. the easy way to a happier business. if you ntry gain flings. to fresh laundry they have more freshness ingredients compared to bargain liquid detergent. they have 3 super powered ingredients that fight stink oxi boost febreze odor remover and concentrated detergent. try gain flings and smell the difference. high protein. low sugar. tastes great! high protein. low sugar. so good. high protein. low sugar. mmm, birthday cake. and try pure protein shakes, with 24 vitamins and minerals. a blast of immune support that's more than ju

you look at names like nordstrom. that stock was 14. it's 28. more new highs for target.o etf the ticker is ipo. this is up 2.5% to another all-time high. this thing is up 88% year-to-date you just got strength coming from so many different places and pockets of this market and even the high flyers, unity, which i own. ticker is u, up 4% video game play. snowflake adding 7, 8, 9%. then in the stocks that went down, leslie, importantly, xlf, kre, pulled back hard, then back to the highs of the day. cruises and airlines, first sell-off in those names this morning, the buyers came in immediately. industrials look very similar. energy looks very similar to financials you have to look at that on balance and you have to say, look, the only reason to be bearish right now is because everything looks too good. and if that's the game that you want to play, get bearish because of new highs, i guess you're looking to take a victory lap after a 3% sell-off or something. i don't know who plays that game profitably. >> those who have a significant short exposure, i guess, josh. speaking

nordstrom's earnings meantime not really comparable. a diluted share of 34 cents per share that included an income tax benefit of 12 cents related to the c.a.r.e.s. act not clear how that compares to the expectations on the top line, revenues just shy of on theatioexpectations a compared to 3.10 billion >> such different pictures nordstrom up 8%. gap down 8% based off of those earnings dell earnings also out out deirdre bosa has the results >> leslie, dell surprising on the upside an annual decline in revenue was expected instead we got growth of 3% and a large eps beat on demand forry remote work and learnings solutions. eps coming in at 2.03 versus 1.40 expected. revenue at $23.5 billion versus $21.85 billion expected. client solution group, this is the unit that sells pcs and notebooks beating here as well, coming in at $12.3 billion versus $10.8 billion expected. the consumer business was helped by the continued demands for remote work learning and gaming solutions. dull digit growth in not books triple edit growth in chromebooks. g

retail, macy's, nordstrom, kohl's all surging. nordstrom up 26%. kohl's up 20%.ed on potential return to the mall based on the, the pfizer vaccine 90% efficacious. we're seeing benefit after upgrade of jwm from kelce to outperform. kohl's also moving higher. home improvement giants, home depot and lowe's riding the bench, warming the bench. do you ride the bench? you warm the bench. due to appliance and home upgrades during social distancing efforts under threat on possible return to the real world. we have them down down. lowe's leasing 8.6%. home depot down about 4.6%. online retailers are not doing well but our nest guest says online is way. and first to you joanne, we're seeing selling in final minutes of trade. what do you glean for tomorrow? >> we list in individual stocks for our clients. what we're seeing today, shows why that is valuable. a lot of folks see appreciation in some stocks that will turn around. we're seeing a little bit of that today. if you look at cyclical growth and cyclicals you an find room for appreciation. 5g, for example, it is a tre

a loss nordstrom saw a 37% jump we're on tesla watch today we're on tesla watch every day, right?500% this year alone. it has jumped more than 30% since the s&p 500 announcement back on september 15th company topping 500 billion in market cap the largest company to ever be admitted to the s&p 500. it is a couple hundred bill short of facebook but is now bigger than visa tesla in rarified air. coming up. booze news that you can use for the holiday season the ceo of molson coors. launching the heart seltzer. up 44% molson coors ceo is on tap on tap next. >>> welcome back, everybody. certainly been a weird year for booze. a weird year for a lot of reasons. local orders are limiting the number of customers and hours that bars and restaurants can be open that's impacted the commercial side of the spirits business but on the other hand, beer and other wines, hard sell ttzers he benefitted from people drinking at home. gavin, it's a pleasure to have you on it looks like we can finally start to see the other side of this you heard the vaccine news, treatment news we're just waiting on 202

that's a great question. 1st of all, we have to remember that opposition in nordstrom to is bipartisan, and it's not tied to mr. trump has been in the case of, of a lot of noise from a few proponents trying to make this a trump issue and guilt by association issue. of course, the detrimental policies of mr. trump, including the role of troops stationed in germany, trade proposals that were damaging those all, i believe will go away because they've been very unpopular leaders of both parties in washington. but when you have ignored stream 2 at its core, it's a national security issue. ok, well thank you so much. benjamin schmidt today. as you mentioned earlier for you, it is a very, very early morning, a very early start to the days and thank you for making time for us of benjamin schmidt there. post stuff a fellow at harvard university, former european energy security advisor at the u.s. department of state. thank you. well now the former boss of scandal hit a banking firm. wired talent has stonewalled, the german lawmakers looking into the massive accounting for all those 2 plays on h

russia has also been critical of washington's stance on nordstrom too, and has ruled out abandoning the project despite u.s. sanctions, cullen spokesperson dmitri pass card accuse the us of violating fair competition rules. and just to remind you that this project will pump russian gas directly to germany through the baltic sea and the outside washington has been hostile to the idea claiming it threatens european energy security. last year, the us introduced further sanctions when the product was nearing completion. we got the thoughts of australia's former foreign minister karen and i saw last stream to is a business checked. i have always said you don't build a pipeline in order to annoy somebody or to peace and body. it's all about supply and demand. unfortunately, does business bronczek has become a political topic? in general it's difficult to to separate the 2 politics from very important oil and gas infrastructure. this is a given, we have seemed all over the world. and it's regardless whether we speak of gas pipelines between and between germany and the russian federation on whe

what about the brick and mortar stores, what about your macies and your nordstroms out there?r that is uniform. it is not uniform at all. especially in retail. we're seeing a lot of pain in department stores, experiential retail that was doing so well before the pandemic. restaurants, of course fitness centers. but now with the stimulus delay and the logjam in washington on stimulus, a lot of those tenants are having a hard time, especially department stores. covid has really accelerated what was happening because of e-commerce and what's happening on the other side of it is a huge opportunity to come buy these shopping centers, reuse them, retenant them or just move them into a whole different category of commercial real estate. we've seen different uses like healthcare, like education centers that have popped up and of course you a lot of corporate campuses dominated by tech firms are coming in and buying older properties that they're basically repositioning as corporate campuses. cheryl: what about the malls that are out there across the country? you go out into different p

i know we have dollar tree coming up best buy nordstrom. macy's reported terribly, but then rocketed. target's doing great cosco. so at this point right now, retail sales is looking good. but i would be a little bit concerned about what we just talked about is what happens in the future when we start to see those debt numbers rise. michel, thank you so much for your excellent insight today. thank you so much, brant. and as we talk about markets, we want to follow up on a story from last week. you can remember u.s. treasury secretary steven nugent called on the federal reserve to return roughly 455000000000 dollars in unused funding from the central banks lending program set to expire on the 31st of december, the fed chair, drone pow on friday said they will return the funding. but criticize the move as premature. so what effect will this have on the ongoing economic recovery? well, to discuss, let's go ahead and bring in former fed insider and c.e.o. quayle, intelligence danielle de martino booth. now, danielle, we're going to get to that a

pressure of a nordstrom's to the terms real principles of time. and it's an attempt by the americans to, let's say, you know, make interest. this is actually this behavior reminds me of the math if you can call it was your world news headlines for this hour. my colleague neil harvey will be taking over in just about 60 minutes on behalf of the international team. thanks for watching and we hope you have a great day. hello, and welcome to cross talk where all things are considered on puter. now for the post mortem, how have the 2 major political parties changed in this election cycle? can joe biden maintain an already weakened and divided democratic coalition? is there such a thing as trump ism? did he change the g.o.p. or did the g.o.p. change him? to discuss these issues and more, i'm joined by my guest, nick brown in washington. he is a national coordinator with the movement for a people's party also in washington. we have arvind. well, rocky is a former libertarian party presidential candidate, as well as author of the book, pull out men, moder

you're smart about the lessons in retail about the last decade digital and the right kind of off line nordstromt partner i think you can get to profits within a couple of years on less than $10 or $20 million capital raised they're very healthy coming out of covid-19 where a lot of the competition is struggling. >> andy, where does brick-and-mortar fit into this we just saw bertha reporting from the mall. we're hearing that macy's is turning some of the different fulfillment centers. how is brick-and-mortar going to be for the legacy brands are these digital only brands going forward. >> i think it's important. i think we ran out of there and bye-bye baby and when i look at my sister's business, we're starting to feature other brands in our few stores. someone that wants to go buy a crib, for example, probably want to go and see that in person take a look at the look and feel and the same thing with a sofa, what interior design is doing. they want to have the tactile experiences. there are more experiences and overall numbers and stores in the marketplace. >> and just a final question on your p

lauren: american eagle, gap in nordstrom's, each of these is up at least 50% in the past three monthst to start with american eagle, a comfort brand called aerie, that should help overall sales fall modestly, gap is going to be a big one, fresh off the j.p. morgan at the success from old navy, affordable store, it competes with the off-price chain and online sales such a bright spot, can they sustain that. they are also doing a virtual store, i'm not sure exactly how this works if you put on the vr headset to go online and shop but the trying to keep the momentum building and finally we have the department stored nordstrom's looking for a loss although a narrow one it is helped nordstrom and a lot of the analyst satan under performer compared to its peers so now is the time to buy. stuart: we will see about that, thank you very much. los angeles county shutting down outdoor dining for at least three weeks, how are places supposed to survive, we will take eli to los angeles to find out former fed chair janet yellen, joe biden treasury secretary pick, what is steve forbes think about th

american airlines 30, delta 33, carnival 44, nordstrom 100, gap 36, kohl's 56, macy's 76 that's not a little stretch in some of those names despite all this good news that you talked about? >> in some sectors and subsectors i would agree with your comment, like the airlines. >> macy's 76%, gap 36, kohl's 56 this is what we're talking about in this return to normal that the market is absolutely sniffing out >> i would not own those retailers. they're in secular decline they got crushed so did the airlines. they can barely make a profit in good times you know i've been talking about sickcyclicals forever. boeing, all they needed was that 737 max to get aprooproval, whi they did and all the aerospace companies, all of a sudden, like raytheon, those are buys raytheon, for example, beat free cash flow last quarter by a billion dollars. that's huge. so my point is you don't have to go to the lower quality companies. you can go to boeing, raytheon, marriott, wynn resorts, air products, these are all kwult companies with good balance sheets and they've done an enormous job of cutting costs an

corner, i am betting most restaurants could fail while we wait this group will be a tug of war, nordstrommacy's and kohl's the rally is huge, 20% and cases keep on spiking while we wait for the next data point. brick and mortar, means there is another big spike of unemployment on the way. simon made a comment about tenants being cash strapped. listen to this "while we have made significant progress, we still have unresol unresolved amount of tenants paying rent, even they are opening and operating. my translation, these chains may have employees now but those people will lose their jobs when stores get evicted can't stay in business if you can't pay rent that's bad news. i see that move being repealed by the coming wave we have a ton of american tech companies and for the most part their stocks running going into the weekend. they're still up dramatically since the pandemic got started that makes sense i expect more downsize but not a ton of downside. get ready. covid did not give these tech companies a temporary boost. their integration in our work and lives and tech companies, there are

macy's, nordstrom, kohl's all higher w when was the last time you saw them in that green, that much higher more "power lunch" is next well have you tried thinkorswim? this is totally customizable, so you focus only on what you want. okay, it's got screeners and watchlists. and you can even see how your predictions might affect the value of the stocks you're interested in. now this is what i'm talking about. yeah, it'll free up more time for your... uh, true crime shows? british baking competitions. hm. didn't peg you for a crumpet guy. focus on what matters to you with thinkorswim. ♪ it's different because i have to talk to a computer. i get like 6 emails a day... olivia please turn your screen on. okay, lift the... there you go. mondays remote, tuesdays at school... it's the other way around. we might not be able to solve everything. but we can help make sure students and teachers can stay connected to learning. it's why at&t has connected more than 200 million students to brighter futures. this was the theater i came to quite often. the support we've had over the last few months has been

still ahead, a run in the retail stocks this week gap, macy's, nordstrom all higher could it be signalingong holiday shopping season plus aurora cannabis up after four states legalize marijuana but is the outlook smoking more "power lunch" after the break. of the market. it's smarter trading technology for smarter trading decisions. fidelity. but before we sign i gotta ask... sure, anything. we searched you online and maybe you can explain this? i can't believe that garbage is still coming in. that is so false! frustrated with your online search results? call reputation defender today to join tens of thousands who've improved their online reputation. get your free reputation report card at reputationdefender.com or call 1-877-866-8555. and sweetie can coloryou just be... gentle with the pens. okey. okey. i know. gentle..gentle new projects means new project managers. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database so you can start hiring right away. claim your seventy five dollar cre

>> we'll take a break here a lot of earnings news we have not yet gotten to including gap and nordstrom, deere, dell, hp, with new data on the way at the top of the hour. new homes consumer sentiment as well futures mixed here nasdaq will take the lead at the open we're back in a moment what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. lexus has been celebrating driveway moments. here's to one more, the lexus december to remember sales event. get 0% financing on all new 2020 and 2021 lexus models. experience amazing at your lexus dealer. >>> today is expected to be thes by busiest day for air travel. >> i have to say the crowds that we're seeing here today, the slowest since back after 9/11. even during the recession, it seemed

they're winning on paper bertha went through the big increases for online shopping, macy's and nordstroms. the these are stores losing traffic in store, but they're getting an online buyer but that cost is much more expensive to fulfill that order. >> a lot of retailers were acquiring new customers online, so the key is to engage the younger customer in particular also the retailers that have been able to survive and raise capital are taking share from those who have gone bankrupt or contracted furthermore, with bankruptcies and with this period there is a lot of rent and renegotiation happening too. so all these things are happening. don't forget economically speaking, saving rates are higher and you can't spend on travel and you're not spending as much going out. so these are factors that are giving a nonrecurring boost, stimulus help during the summer, the retailers are hoping for another stimulus to be a positive factor too. and apparel is all about leisure, so what has been tough is dress and office for sure but i want an air fryer, so, you know, home is really working too. >> oliver

stuart: i see nordstrom and kohl's on the screen, 25% up on nordstrom. 15% up on kohl's.t's a rare day when you get to report gains in any stocks like that. but today's the day, apparently. lauren, thanks very much indeed. >>> now, a number of stocks have new price targets. the market thinks they're going above where they are now. susan? susan: this is before we got the vaccine. however, i would say peloton, as you see, we are down 25% on peloton in one single session. that's despite getting an upgrade from bernstein to 160. you also had the "wall street journal" saying it's going to be tough for peloton to get over the backlog and supply glut because it's going to be a costly process. you are going to lose on the holiday shopping period. have you looked at uber's stock recently? they are back up to near $45 for the stock which is what they ipo'ed at. wynn another big winner, casino plays, probably getting a lot of bids today, getting upgrade today from credit suisse calling it an $80 stock. the macao reopening and the vegas strip maybe seeing more tourists. square now a

in david einhorn's 13-f, he took a stake in dillard's and sculptor capital acquired a position in nordstromition in macy's these holdings of course are as of the end of the third quarter, they may have changed in the six weeks since. but if they did hold on, the sector as a whole did quite well with the xrt up 16%. not quite as well as the jump in overall small cap stocks in recent weeks >> it doesn't surprise me at all, and we'll get to a question about performance, but it doesn't surs price me becaupris only thing i've learned in 26 years in this business, anytime you bet against the american consumer, you tend to lose the american's propensity to shop whether in person or online, it is often understated. and i had somebody tell me this weekend, said maybe they have got a backstop for the big mall owners because if you are a simon property group, you need to make sure your tenants survive. i think an interesting take there. >> yeah, it is critical of course if you are a assignen property group that you have tenants that will pay you rent and obviously in the pandemic that has been a huge

optimal number until wall street had expectations i wouldn't be surprised if we see the same from nordstrom on tuesday afternoon. it's called baff, right? it's better than feared. whatever, trust me even though it's spelled differently. this is my absolutely favorite of all these last week we talked about the trade. not laguardia. lag. this is an idea we stole appropriate. we got from jpmorgan's and best analyst in the business. it stands for three stocks that he likes l-brands american eagle outfitters and gap. bath and body works business in a pandemic people like soap. i say press the lag bet. buy some american eagle outfitters and gap before they report on tuesday night. i know what you're thinking. these are tainted brands but they both made remarkable business comebacks and i think you'll seal the fruits of that when they report their earnings and people are still late to the party and want in 16 they want this one this goes much higher. i saw banana republic ad the other day. i bought nothing wednesday morning your reports feed the world theme is tremendous and prices for the whole a

even big are gains for kohl's and nordstrom. that's coming up next. ♪ ♪ ♪ ♪ adapting.g the course. but new ways of working demand a new type of network. one that's more than just fast. you need flexibility- to work from anywhere. and manage from everywhere. advanced technology. with serious security. and reliable coverage, nationwide. forward-thinking enterprises, deserve forward-thinking solutions. and that's what we deliver. so bounce forward, with comcast business. . >>> welcome back walmart, target, and several other notable retailers are reporting earnings next week the group is facing huge uncertainty as covid cases are on the rise across the country joining us now to talk about which names are in the best shape heading into winter is tim seymour of see more asset management, also a cnbc contributor and fast money trader let's talk about whether or not any of these retailers are positioned well for what's ahead. >> i think walmart is the best positions because i think it is a stock that has proven its -- you are playing defense in terms of covid trends. online gr

nordstrom right now, month-to-date is up 139% in this month. hotel stocks i'm looking at, more retailers like kohl's up 50%. is there room left in the near term for them? >> in my view, i don't think they should be where they are. i think they've gotten ahead of themselves, clearly ahead of the fundamentals it's not just that things aren't going to return to normal for a while. particularly with the airlines and business travel that's going to be, i think, permanently impacted it's that these stocks are trading as if covid never happened no matter that you're closed, a lot of them, and taken capacity out of a lot of them in terms of store closings, et cetera, now you expect those stocks to do better than they were doing better before where you still have the same issues affecting those industries so i think that's purely been momentum trades. momentum trades go until they don't go, but they're not trading up on any type of reasonable fundamentals. they should not explode when a vaccine is actually in the market they've exploded already >> but d

they include some of the big ones, macy's, gap, nordstrom, coles they are all lower right now.ppenheimer i guess this is what you would have expected that foot traffic would be down during a pandemic and a weekend when everybody was advised to stayat home and online shopping is up, probably for good. >> i think it is very expected we also have to keep in mind there is a lot of cross currents right now. a lot of the retailers and brands started their holiday promotions or holiday sales significantly earlier this year. i know -- as retail analysts we are accustomed to looking at sales over the thanksgiving holiday black friday weekend but sales have been more spread out this year. that's another factor to consider in all this. >> the hot stay hot, don't they, brian? i drove by a nike outlet in central new jersey this weekend. the lines were 150 people long just to get in the store nike is hot, lululemon is hot, correct? >> yeah, those are two of my favorite picks they have very, very strong brands and importantly we are looking at this play out and clearly covid is having an impa

macy's, nordstrom's have done the same thing. smaller stores here in the downtown area that have boarded up windows and doors. this area and business owners are worried the same thing could happen tonight if they decide to protest. walnut creek police indicated they have additional officers out tonight -- will have them out, to protect people and property and the rights to exercise first amendment rights. i've seen about four or five officers, only about an hour or two ago, on patrol in their squad cars in the downtown area. i don't know if that was normal for them or in anticipation of tonight. last night chase bank installed plywood over its windows. retailers in oakland and emeryville boarded up and marshall's and ross but daughter's diner in oakland says he would rather board up than replace shattered windows. >> it just takes one bad apple. >> reporter: both oakland and san francisco police departments have indicated they will be adding extra officers for today and tonight but they also stress no threats of direct violence.

surprisingly nimble in the pandemic year to date the retail doubled and they are department stores like nordstromkohl's and macy's with us now is jpmorgan's matthew boss good to have you today have we started phase one yet? >> no, phase one has not started. i think right now you're in the anticipation phase, meaning the covid cases are rising, retailers have banted down the hatches and you're seeing a real dichotomy between es seller retail, discount retail, fashion and apparel refail meaning the winners are more focused on the basics, they are focused on value and convenience and what's losing right now, i think, is what we'll see post-vaccine, which is the future, which is more occasion wear, event wear, return to work right now i think you're pre the wave starting. we map it out phase one is first half of next year. i think that's where you see the anticipation, preparation buying for occasions, going out denim, outer wear and some occasion buying. wave two i think will be the back half of next year and into 2022 that's where i think it's return to work and more of the events that would be you

boarding up windows and bracing for protests and on the rest after today's election saks 5th avenue nordstrom and pharmacy chain c.v.s. are just some of the biggest stores preparing for possible unrest. the shanghai stock exchange is suspending billionaire jack ma fin tech company and just days before its potentially record breaking i.p.o. on thursday the shanghai star board said in a statement it will suspend the listing amid changes to the regulatory environment . australia's central bank has cut interest rates to a storage low of point one percent the reserve bank of australia is trying to lift the economy out of a coded 19 driven recession the bank has also ramped up on buying to lift australia out of its worst downturn in a generation. german lender bank is a planning to cut ties with the us president donald trump after the election according to senior bank officials with knowledge of the matter will seek to sell trump's $340000000.00 in outstanding loans bank executives are reportedly not concerned about his ability to repay them the bank has faced negative publicity from the relationsh

. >> neiman marcus some nordstroms will be closing at 5:00 p.m. both stores will reopen as normal on wednesday. clinch rendon, ktvu fox 2 news. >> the national guard is also preparing for possible deployment. in massachusetts, the governor has ordered a thousand guard members on standby. the governor of oregon has already declared a state of emergency for the portland area, citing concern for potential election-related violence. and in new jersey and wisconsin, hundreds of citizen soldiers and airmen have been called up to work the elections. >>> social media companies are taking steps to curb misinformation on application day, and in the days that follow. twitter says it will not allow candidates to claim they have won the election until the results are official. facebook said it plans to label misleading election posts and in some cases remove content. >> i think that the more they do to kind of clarify to the public that this information has not been confirmed, that you cannot rely on it, just because someone has declared victory, doesn't mean

boarding up windows and bracing for protests and on rest after today's election saks 5th avenue nordstrom and pharmacy chain c.v.s. are just some of the biggest stores preparing for possible unrest. the shanghai stock exchange is suspending billionaire jack ma fin tech company and just days before its potentially record breaking i.p.o. on thursday the shanghai star board said in a statement it will suspend the listing amid changes to the regulatory environment . australia's central bank has cut interest rates to as low a point one percent the reserve bank of australia is trying to lift the economy out of a covert 19 driven recession the bank has also ramped up on buying to lift australia out of its worst downturn in a generation. german lender bank is a planning to cut ties with the us president donald trump after the election according to senior bank officials with knowledge of the matter will seek to sell trump's $340000000.00 in outstanding loans bank executives are reportedly not concerned about his ability to repay them the bank has faced negative publicity from the relationship. our

nordstrom's, contessa isn't up 12%, it's had a monster week and i'm curious is this now all of a suddenjail free for a lot of these troubled names? >> i think that that cost efficiency though is worth talking about because what you seein the jpmorgan note is tha they are point willing out that they have a $300 million cost efficiency program under way at coach. they think that that's going to mean a 30% plus operating margin on a sustainable basis that's worth talking about that's something that investors can get behind remember, this was a trend that was under way before the covid pandemic that a lot of the -- the fact that the vaccine is coming has been priced in at this point clearly there's just an expectation that there's penned-up demand and optimism. i was going say in atlanta went to the mall for the first time in nine months and you know what i saw. skirts with bows on them all over for parties, for christmas party. it's like the buyers just say, well, whatever we're going to throw it out there anyway and see what people are willing to buy. >> we'll have to do a zoom so people

yeah where do you buy that nordstrom at hogwarts durable.rying returning back to his natural habitat. this coming weekend. >>9.55 in 7.55 this shop. >>people means and talking for never follow animals are kids she's adorable is adorable and she has an important message for everybody stopped buying a boat where people are. >>you don't need it all for this is a seven-year ina 7 year-old she was watching the news with a grandma and they're talking about how people are starting to get you know this hoarding or warning you don't need that much they're limiting in any way most the stores are limits and she started ranting so grandma took out her phone to start so remember what she said stop buying all the toilet paper we've got lots coming up in the next hour in the 8 o'clock hour, a big fire at a high rise in san francisco and some people were hurt the flames were live on the scene. >>and starting tomorrow. that's when the curfew kicks into effect in california who is affected and what time is the pumpkin hour. plus more people are traveling or p

bottom line hurt by increasing shipping costs there nordstrom soaring after posting a surprise profith sales did miss estimates the stock has doubled in november still down 30% this year we end with nikola, down big today on "mad money" with jim cramer, the company ceo failed to reassure investors that the deal with gm would close >> good thing i wasn't picking my nose. there was one ev maker seeing its stock get a jolt today take a look at shares of fisker, up 25% they're calling it a high-risk bet on the car of the future you can read more about this call and analysis at cnbc.com/pro >>> still ahead, our power player today, andreiguodala joins us to talk tech investing, why he recently sold his position in the stay-at-home winner zoom and we'll talk a little basketball, too stay with us on "power lunch." students of color typically do not have access 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 it. ♪ we provide students

nordstrom, same kind of situation there. the national retail federation, a big trade organization that represents these retailers says the holiday shopping season could see gains between 3.6% and 5.2% over the same time last year so kelly even with the pandemic, the nrf says consumers will spend more this holiday season that's helping to push those retail stocks towards the highs of the day it. i'll send things back over to you. >> yeah. those are some big moves and we've seen it time and again, dom, on this positive news flow. we appreciate it our dom chu back at headquarters we're 3 for 3 on monday vaccine news with astrazeneca announcing the details of its vaccine efficacy and regeorgeon 2 with a promising treatment breakthrough meg, let's start with the astrazeneca vaccine. will everyone get the 90% version? >> reporter: that's the question let's look at how they had sort of these two different efficacy rates in this trial. one, as you said was 90% and that was in a group of patients who got just a half dose on the first

and you have luxury department chain nordstrom doing quite well today. those shares are higher after q3 sales came out much higher than expected. that's thanks in part to their anniversary sale. investors believe the anniversary sale might be a good sign the holiday season is doing well. keep in mind that digital sales for the third quarter accounted for $1.6 billion. that's 64% of the retailer's business. >>> last but not least, you have fin-tech company square popping today, after the company announced it would require credit karma tax or $50 million. credit karma tax is a free filing, do it yourself tax filing system. investors like this pairing because we know square provides peer-to-peer payments, direct deposit, you can even do fractional investing in stocks as well as bitcoin. liz, and everyone else watching, if you are like me, you may be waiting to the last minute to do your holiday shopping because you believe there's going to be better deals out there. well, the ceo of commerce hub says think again. we will be catching up with the man who conn

walnut creek at broadway plaza preparing for the possible aftermath take a look at that you can see nordstromndows all boarded up not every business is doing that here but most are and what they're also doing here is blocking off any way for people to drive into the shopping area that way people can pull up like they did during the last protest run-in break in and steal stuff this time look there they have crews here right now bringing in barricades and making sure people can drive through here take a look at video from this morning, no there's a heavy police presence with walnut creek police can see there on high alert they pulled up here after a person was trying to break in what they thought it turned out to be a homeless person who said they were trying to get into the bathroom here goes to show you though how ready police are to respond to any threats or any violence or anything that could occur as a result of the election now the last time i saw shops boarded up here in walnut creek was during the protests earlier this year and while many of them were peaceful. there were crowds that ca