cheryl: mark tepper brought it up earlier. i don't know if he's with us right now.pend more, they're going to go online but they're going to spend more money because they're not with their family so the amazon guy is going to be -- the holiday delivery this year. >> right. and i think -- mark: right. cheryl: let me bring in mark to that. mark, you did say that at the top of the show. go ahead. mark: the only guarantee this holiday shopping season is the number of amazon packages on my front porch is going to accelerate, right. so i do think you're going to see more spending. i think for grandparents who haven't seen their grandkids, throughout a brutal year where there haven't been a lot of positives for anyone, i think you're going to see more gifts under the tree this year. what's your take on that? >> i was just going to say it's either parent guilt or people, to your point, people haven't seen their families or -- i have not seen my mother in a year so i'm certainly going to go ahead and try to spend as much as i possibly can to make sure she feels loved and the

but tepper did the opposite.wondered when you're worth that much money, why are you moving for taxes anyway. you move away from friends and family to save some money, even though it is about how much you're going to be leaving to your heirs and your grandkids and whatever >> tepper is a billionaire with a human face most of those are just faceless. i have to tell you, i listen to robert frank, robert frank just makes me want to go to another country. it is -- the last one was 110% he makes you feel like you're working for the government now until we usually think it is until august i now listen to him and think that under president biden, it is now -- where has he got us, working until november, before we get any money >> let's wait and see. >> sounds about right. >> it may not be good. guys, before we get to bob, i want to give the ant group a statement, they are out with a statement, of course, talking -- responding to all the things we discussed this morning in terms of what is going on in shanghai and hong ko

we talked about it with mark tepper earlier.christmas and the holidays. what are your expectations? >> this will be the biggest holiday season ever. i don't think that's in question. what will be interesting to see is how this plays out. the name i really like is target. they've had a series of management and execution issues over the last half decade they've seem to have fixed and cured. whether people want to buy it in store, want to buy it online, want to do curbside pickup, companies that can execute on this level i think whipping jowl perform. -- will outperform. target will be my pick going in. another thing to think about is travel. travel is not happening for a lot of families across the country. as a result, a greater portion of their wallet share is going to consumer purchases, whether that's fixing up your home, buying more video games or clothing or whatever, but there's a lot greater portion of wallet share given the pandemic, going into retail. so i expect to see retail sales continue to boom. so it was a little bi

allie, mark mattson, mark tepper, thank you so much for that. with us all morning, mark. we will get back to you on that. stay with us. we will be right back. a lot to come. stay with us. maria: welcome back. the balance of power in congress, democrats officially clinching control of the house but losing nine seats to republicans so far. some in key states such as florida, in fact, is creeping higher in the republican space in the house, closer and closer to majority. and you see that the democrats, while they have the majority, they've had a significant loss this election. joining me right now to discuss how his efforts helped fuel republican gains is louisiana congressman and house minority whip, steve scalise, who won his seventh term in office. congressman, congratulations to you. >> thanks, maria. great to be with you. maria: and you've got a lot of wins to talk about in terms of the house of representatives this past election. how would assess what took place this election for the house? >> well, there was a major rejection of pelosi's soc

. >> and david tepper -- david tepper wednesday on thursday >> i think a few of us may have anticipateduld be back at the highs in terms of new cases. let's not forget that. we're looking at a market up, potentially up strongly again after yesterday's move in part because of the idea we will have continued divided government, the senate will stay in control of the republican party, and that is certainly behind some of this move. i don't know, we talked covid in the background every show. you talk about it in the restaurants and the jobs, it doesn't seem to penetrate the concern of many investors at this point. >> because the vaccine is around the corner >> mm-hmm. use of that vaccine is not around the corner. i thought we would have data from pfizer, moderna, possibly even -- >> around the corner is the wrong phrase there will be a vaccine that works. how about we say that? >> right but, we're still most likely many, many months from a sizable portion of the population getting vaccinated. >> we need people to go to wisconsin, to florida, and texas, and i think, carl, part of the problem

your trading nation team is todd gordon of trading analysis pint come and mark tepper of st strategic regard to energy you say one word, yuck why? >> energy has been the place you sent your money to die for the last decade. it was a 15% sector waiting in the s&p and now it's like a 2.5% it's almost irrelevant it has underperformed the spy by 17% per year it's a real tough sector to get excited about. with limited dollars would you rather by a tech stock with a bunch of tail wins or oil stock with a bunch of head winds if we have to own an energy stock and we do have to own a little we at least want to get some yield my first name is diamondback energy they're one of the few companies that can actually make money even when oil is below $40 a barrel, they're focused on protecting their dividend over 3%, cutting costs and there's been talk about international buyers possibly having some interesting. it's a potential takeout target as well. that would be our play there >> up 3% today and it has the beautiful irony of having a ticker symbol fang how do you have like that for irony. >> you

domestic travel and american its lowest on high leverage the trading nation team is todd gordon, mark teppersee you both with california and other states introducing tough measures ahead of the thanksgiving holiday, is it too early to bet on the airline? >> for us it's still a little too early. i would wait a little longer when i look at the jefferies report, i totally get the southwest play i mean, the theme, at least over the next few months is domestic over international travel and leisure over business travel when you look at southwest, they've got the highest percentage of seat miles coming from domestic flights and they're more heavily tilted towards leisure over business. the question is whether or not you agree with the theme and how much of that's already priced in and in my opinion a lot of that is already priced in because southwest is outperforming the jets etf this year by like 18% and i think there's reason for that so if we talk about leisure versus business, business travel accounts for about 12% of airline passengers but about 35% of revenue it's much more profitable. and in

let's discuss it with paul gordon and mark tepper mark, within defense, where will you be placing your bets there was reports a biden presidency would prioritize advanced technology, hyper sonic and soler over solar jets. >> i agree with that no matter who win, we still need to protect our country there's no doubt the new age of warfare is more digital, more cyber attacks, less tanks and aircraft carriers. i think the government gets more bank for its buck when it actually invests in technology rather than a piece of equipment. yes, investors are concerned a biden victory would lead to less defense spending and that might be the case for traditional defense spending but i don't think the dollars come away from defense modernization efforts like cyber security, surveillance, intelligence that's where i'd want to be no matter who wins the white house. a company we own, leidos, that he provide analytics for defense purposes this is an interesting company 50% of the company is defense. the other 50% is civil and health care. the health care division has been a drag because of covid that's

i want to bring in strategic wealth partners president and ceo mark tepper. >> hey, charles.hat do you think? because the stock market sees this news, knows what's happening, and maybe it's looking ahead. obviously, remembering, of course, the knee-jerk reaction when we thought there was going to be a recession, over 95% of economists said we'd be in a recession e, and the stock market had the fastest bear market in history. a lot of that turned around quickly. people got stuck, some took big losses. >> yeah. well, look, the walmarts of the world are going to be just fine. the stock market's up 10% this year in a year where we literally experienced a 100-year flood. the thing that stinks is this has an outsized negative impact on small and medium-sized businesses, and those companies employ 50% of the work force. i work with a lot of small business owners, and they've already been talking about right-sizing decisions they have to make if there's a second lockdown. that's going to make that decision to right size easier, and that's not a good decision they'll is have to make.

mark tepper, thank you so much. really appreciate it. >>> now this.os angeles mayor urging people to stay home for thanksgiving. travelers need to follow form and if they don't, you better believe there's a fine. we're on that story. >>> despite warnings, millions of people are traveling for the holidays. just take a look at this flight map. that's a lot of little yellow planes flying all over the place. yes, people are traveling. >>> also, what does football look like on thanksgiving this year? i think the big game, steelers/ravens. we'll see. we are all over it. >>> of course, your money. stay with us. the thanksgiving edition of "varney" just getting started. ♪ 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. ♪ now every bath fitter bathbath fis installed quickly, and this

look who is here, mark tepper. here's how i see it, may i inject opinion?shifting away from lockdown stocks going towards open up stocks, open up the economy because we have a vaccine. what to say you? >> i mean, that's what's happening, so if you look under the service the headline number stock market moves higher, but under the surface you see the rotation you just mentioned is so investors are selling all of the year's winner, cloud stocks, stay-at-home, staycation, e-commerce and moving into more cyclical stock like travel stock so i would say don't fall for it. it's presenting us with a by the dip opportunity and some of the best performers because the world has structurally changed and permanently changed even with the vaccine. our lives and economy hasn't changed, so i think you should keep your eyes on the winners stuart: so virtual will stay with us? sending virtual is not going away just because we have a vaccine, so i guess would you like zoom? i mean, it took a huge hit the last couple of days. are you buying it? >> zoom looks interesting, i mea

they are doing fairly well with our market guide mark tepper today. you believe online shopping is a big, getting bigger , here to stay so that's what you are buying. is that right? >> yeah, i mean, e-commerce is not a short-term trend, stu. if you look at the list about performers yesterday, you will see a lot of the dinosaur brick-and-mortar retailers like macy, kohl's, nordstrom's, those were up big yesterday almost like investors are correlating the preopening trade to a resurgence in brick-and-mortar stores, but brick-and-mortar stores weren't dying pre-covid and mall traffic has been on the decline and i think investors are mistaken they think a vaccine means e-commerce. stuart: what are you buying? >> stamps.com. that's our derivative play on e-commerce work that's how mom and pop shops get their products to customers. it's down about 40% from the summertime peak. they just had another peak. its trading as it e-commerce is don and that is not the case. stuart: you have mentioned that before. i thought it was just posting this stamps but obvious