rahel solomon is back with that and the other top headlines. see you again. >> reporter: let's start with walmart resuming monitoring the number of customers entering the store. in april walmart had begun restricting to roughly 20% of the store's capacity but later relaxed that initiative. walmart selling a majority stake in supermarket chain cu to a group including kkr bringing in the bid to crack the retail market american airlines planning to cut much of the service to london amid weak demand due to surging covid cases. they will still be able to get to london via the joint partner british airways. and finally this morning johnson and johnson kicking off the late stage trial of the vaccine in the uk they will study on 6,000 volunteers on a two dose basis during the phase three trial it marks the third to enter late stage trials including the astrazeneca treatment. brian? >>> all right, thank you very much, rahel. we're joined now by the principal at health care policy at raymond james and former senior official at health and human services,

rahel solomon has those. >> let's start in hong kong closing bars and night clubs to curb the increasecovid cases. this is the third time this year it has done so, more than 180 infections have emerged linked to clubs and dance studios but authorities have thus far declined to shut those venues down workers at walmart, amazon and other retailers are calling for hazard pay many of the companies did offer bonus pay early in the pandemic, but most have since done away with it. and steven mnuchin set to put $450 billion in unspent c.a.r.e.s. act funding into the agency's general fund. this would mean that the biden administration would mean authorization from congress to access it, most of the money had gone to support fed emergency lending programs and you're up-to-date. >> all right rahel, thank you and staying d.c. related news, president-elect joe biden's transition continuing to come together, the white house clearing the way for biden to start receivinging daily top secret briefings, this has president trump reportedly plans to travel to pennsylvania today for a meeting with state re

. >>> good morning, i'm rahel solomon at cnbc headquarters.et looks set to open much higher at this point as investors continue to be optimistic about a potential vaccine for covid-19 even as rising cases in the u.s. and elsewhere could impact the economy. stocks posting strong gains with the s&p 500 closing at a record high and the dow briefly trading above its record high set in february. the dow rising more than 4% for the week and investors this week, retail. the government reporting october sales data and several big names out with earnings including walmart, target, home depot and lowe's. american airlines says it plans to cut service to london. major u.s. airports because of weak demand. the decision comes as covid cases have climbed and new restrictions imposed in the uk and some u.s. cities driving down demand on what had been the most profitable innational routes. they will cut to london heathrow, 15 total flights. new york and chicago can, however, book flights to london on british airways. >>> and walmart released its official and

. >>> good morning, i'm rahel solomon at cnbc headquarters.all street set to open higher this morning. stocks took a breather from the record rally. the dow falling nearly 170 points dragged down by names like walgreens, home depot and walmart. still stocks having a strong month on the back of positive news from pfizer and moderna about potential covid vaccines. the dow up more than 12%. the s&p 500 more than 10%. and that's even against the backdrop of rising cases. housing starts from target and lowe's. u.s. travel association says the decline reflects a dramatic falloff in business travel. the group warns another 1 million jobs could be lost without more government aid by year end. and best buy is teaming up with instacart to deliver same day delivery for all types of goods has skyrocketed during the pandemic. instacart will offer hundreds of best buy products for $3.99 per order including appliances and home office supplies. there is, however, a $500 limit, so large items such as refrigerators and some big screen tvs are not eligible. inst

i'm rahel solomon at cnbc headquarters. today's top business headquarters.l street looks to a mixed opening as investors taking a pause after yesterday's rally sparked by moderna showing its coronavirus vaccine is more than 94% effective. the dow jumping 470 points closing at its first record high since february. travel, airlines, hotels and industrials such as boeing and names related to stay at home such as netflix and zoom fell. import prices and industrial production of earnings as well from home depot and walmart. and tesla surged late yesterday after it was announced the company will be added to the s&p 500 index next month, among the most valuable companies ever added to the widely followed index, larger than 95% of the listed stocks. what's really important about the move is the investment funds that track the s&p 500 will now have to buy roughly $50 billion in tesla shares combined so that the portfolios match the index. tesla is up a whopping 450% this year making it the world's most valuable car company and that's despite production that's just a

i'm rahel solomon at cnbc headquarters.all street looks set for a missed opening this morning following yesterday's rally sparked by news by pfizer on its coronavirus vaccine. the dow and s&p 500 hitting new record highs during the session, the dow up more than 1,600 points to close well off the levels but still close up more than 800 on the day. the best one-day gains since june. the airlines, the hotels and travel sites all surged and those related to stay-at-home, zoom, amazon and netflix, fell, pulling down the tech heavy nasdaq. the faa is in the final stages of reviewing changes to boeing's 737 max. the agency's chief telling reuters the process could be completed in the coming days. sources say the faa could lift the grounding order on the max as soon as next week. airlines will still need to update software and train pilots on new safety procedures. southwest has said that it will not schedule flights with a max until next spring. >>> and a bankruptcy court has signed off on jcpenney's plans to sell retail operation

i'm rahel solomon from cnbc.all street is set for a mixed open this morning after a rally that saw the dow close about 30,000 for the first time. the dow jumping more than 400 points. that was on continued optimism over a covid vaccine, the start of an orderly transition to the biden administration and the prospect of former fed chair janet yellen nominated for treasury secretary. the best performing stock on the index a very popular name, apple, up more than 280%. the dow up 13% in november and on pace for its best month since january 1987. and in focus reports on durable goods, personal income, new home sales, consumer sentiment and the latest on the number of people filing for unemployment. twitter is relaunching its verification system along with brand-new guidelines for those seek to go get the coveted status symbol. twitter is asking for public feedback on its proposal. accounts eligible would include governments, companies, brands, nonprofits, news media, activists and what twitter calls other influential

. >> rahel solomon, thank you. i'm going to start where rahel ended. so footlocker used to be a good play because of the exposure that the company had with nike now as rahel just told you, the amazing growth that nike's had in its own digital sales makes footlocker an underweight over at piper sandler and you own nike >> well, i'm saying with nike. i'm staying with lululemon, i'm staying with the brand recognition that these companies offer. footlocker in prior years given the correlation and exposure, as you identified in nike, that seemed to be optimal trade the physical footprint of these stores seems to be the problem moving forward why do i have to incur that kind of expense management risk on my balance sheet when i can just go out and own the reason behind wanting to own footlocker, own the damage tall transformation they're experiencing and the dramatic growth concurrent with it i see no reason to get out of nike i think the stock is north of 150 very easily. >> the casualty of back to school that didn't really happen in traditional ways obviou

. >> rahel solomon joins us with more the calls happening today rahel, hi. >> good to be with you tapestryoach and kate spade, rating to outperform price target jumps to $30 largely on a better management strategy >>> duke reallity gets upgrade analysts expect accelerated growth for the company thanks to increase e-commerce demand shares are up 1.27%. jpmorgan downgrading occidental petrol to underweight. they are waiting on the world to change price target is 13 bucks, slightly higher than the previous 12.50 a share analysts note crude prices need to be higher than previously expected for occi to break even and shareholders, thus, waiting on the world to change aren't we all? >> a lot of businesses are waiting for the world to change. >>> joe, on that note, because i was going to go to you, occidental, i was going to play off. too early to buy energy? >> wait a second they downgraded it now where were they last year or at the beginning of this year unfortunately, scott, i think you're going to see a lot of downgrades in energy because of the bounce we're getting right now. to answer your

one of the most anticipated stock market day bus of the year moving one step closer to reality, rahel solomonas the details on that and some of the other top stories your town, philly, can't even eat outside. >> through january 1 so quite a bit, quite restrictive, but very necessary in these times of covid. let's talk about that ipo. airbnb has released its prospective ahead of the ipo, the rental company revealing that it made $219 billion net in-can at deep cost cuts helped offset the costs of the air break. it is expected to garner evaluation of roughly $30 billion. and nuk azuckerberg and jack dr will be questioned about allegations of send are sore ship on their platforms, limiting the reach of of the report on joe biden's son hunter and his alleged business dealings and pfizer reportedly launched a pilot delivery program in the u.s. for its experimentmeal covid-19 vaccine, aimed at addressing distribution challenges facing the ultra cold storage requirements firzhas tapped rhode island, texas, new mexico and tennessee for the program citing differences in overall size, diversity of popu

no one is going to nesneeze at that rahel solomon joins us to take a look at the big winners and losers of this month >> you can't exactly call it a comeback but definitely a strong attempt this month by energy and financials, both the worst performing sectors for the year but for november, the best performing sectors energy getting caught up in the selloff today but still poised for a 29% gain, down 38% this year some of the best performers include occidental petroleum, apache is up closer to 58% this month. all of these names still down between 47 and 60% this year so perhaps still some room to run, as pete mentioned earlier financials also had a small month, up 17%, as you said, scott, though down 9% in year and industrials up 15% this month. the worst performer for november was utilities. first energy, american electric power company and wec energy group all down between 5 and 10% for the month. real estate and consumer staples are also among the worst performing sectors two standouts, however, molson coarse and consumer statements so maybe people can drink to that >> if you own ban

rahel solomon is breaking that down for us. >> it's a difficult balancing exact.here's concern that at&t is at risk of falling behind in the 5g race that's a risk they have with verizon, giving that stock an equal weight rating target at $60 and for t-mobile, calling it really the only true growth story in the saturated wireless industry ev evercore raised to 110 that said you can see the stock is down about 2.5% along with some of the other gaming stocks. likely a part of this rotation that you've already talked about at the pandemic place today. a slew of initiations on mcafee. >> we appreciate it very much. brenda, let's start with at&t. resumed underweight at wells investors don't even want to hear it because the stock is up today. it is down substantially year to date >> listen, it's a cheap stock. there's not a lot of expectations built in, has a 7% dividend yield they recorded a good quarter recently where the wireless business was positive and a surprise to the up side. i think this company needs to put together another good quarter. we need two good quart

rahel solomon, thank you very much coming up, much more on the new yous that just might have changedhe world. pfizer's vaccine news, eli lilly's treatment news, and what some investors are saying about where to put money now #. >>> there is new hope for one sector beaten the most, travel, lodging, leisure and ceos making comments to cnbc in the wake of that news trip adviser says that as soon as the vaccine was widely available, a welcome step in the right direction. carnival cruise, this is a very positive development for the world and our company as well as the cruise industry. but bookings holdings says it is not all clear just yet and joining us now is raymond james managing director bill crow appreciate you coming on kind of on late notice your sector, some of your stocks up 12%, 13%, 15% yesterday do you think those kinds of gains, not sustainable on a daily basis, but does that refleblgts tr reflect the change in their outlook? >> yeah, brian, good morning i think there is no doubt that what we were waiting on was this announcement of a vaccine. it is a game changer it is take

. >>> we're back let's bring in rahel solomon now. >> morgan stanley, wynn resorts price targets jumpsased on a strong chinese economy goodrk up 20% today. the stock, however, is still down more than 20% on that amazon pharmacy news rbc says that pullback is an overreaction buy the dip here discounts will be larger on goodrx and amazon. and rbc bumping the target on yelp from 29 to $34. and it's based on the belief one the economy reopens the snap back will be fast for restaurants, bars, beauty and fitness. the stock is up more than 60% in a month and on pace for their best month ever. >> i hope they're right. we'll find out how futures traders are playing pullbacks next when i was in high school, this was the theater i came to quite often. the support we've had over the last few months has been amazing. it's not just a work environment. everyone here is family. if you are ready to open your heart and your home, check us out. we thought for sure that we were done. and this town said: not today. ♪ and this town said: not today. (music) anncr: give customers access to precisely what they

team coverage to pick off this half hour with eamon javers and rahel solomon.t a striking difference in tone between donald trump and joe biden as both men came out to address their supporters starting with joe biden, he came out first, cars honking in wilmington, delaware here is what he had to say >> we knew because of the unprecedented early vote and hail in oig vote it would take a while. we'll have to be patient until the hard work of tallying votes is finished. and it aent over until every ballot is counted. >> the president by contrast inside the east room at the white house speaking to his cheering supporters. the president falsely claiming that he has won the election and suggesting that he wants to take it all the way to the supreme court. here's what he said there. >> we want the law to be used in a proper manner so we'll be going to the u.s. supreme court, we want all voting to stop we don't want them to find ballots at 4:00 in the morning and add them to the list >> biden campaign responding to that calling what the president did outrageous, unprec