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Off your day, an historic launch for nasa and elon musks spacex after months of delay. It is monday, november 16th, and youre watching Worldwide Exchange right here on cnbc well, good morning, good afternoon, or good evening, and welcome from wherever in the world you may be watching. I am brian sullivan. Thank you very much for joining us and speaking of good mornings, a hearty congratulations to new masters champion Dustin Johnson for his recordbreaking performance at augusta, georgia, securing the green jacket, you know, just 20 under par. Wow. Much more on his big win in a moment but first, investors winning in the stock market lately as well and more may come today futures, they are up nicely again. Look at that higher across the board. Dow futures up 300, nearly 1 . Nasdaq futures up about half a percent or 63 points remember, the dow is now just 1. 5 off a record high the s p 500 coming off a record breaking session friday. The nasdaq just 2. 3 from its own record but its really the little guys who continue to post the biggest returns lately the russell 2,000 coming off a record close itself gaining more than 6 last week alone. Now if youve been paying attention you know we have talked about small caps on this show for months. You want to watch them because theyre a big domestic u. S. Economy play as we can hopefully begin to see the other side of this pandemic and lockdown and speaking of market stats last week was so good that our rbi later on in the show will hit not one but two pretty remarkable stats about stocks and both have to do with your favorite decade. Dont hide it, the 1980s you have to hear these to believe. Meantime, around the world the number of different storylines this monday morning including uk Prime Minister Boris Johnson says he has been forced to selfisolate this morning after meeting with a minister of parliament who later developed covid19 symptoms. Johnson expected to continue working from home while in isolation. This coming as Angela Merkel and the rest of the German Government are considering new covid lockdown measures to halt their rise in infections such as limited household gatherings and implementing new mask mandates merkel expected to meet with the heads of germanys 16 states today. For all of this and more on how its affecting the markets, lets get a check with julianna tatelbaum. A lot of green on the screen all systems go in europe european stocks are extending last weeks gains. The stock 600 gained about 5 last week and nearly every region is trading higher this morning. Investo investors shrugging off Covid Concerns coming back to markets we have the french index up about 1. 25 . It is the spanish index that is outperforming this morning led by the spanish banking stocks. That market is up about 2 the swiss index is hovering around the flat line as weve seen underperformance in Health Care Stocks and that comes as investors have poured money into the Banking Sector as well as oil and gas, the two best performing sectors this morning. You mentioned its a big day for single stock stories two of the highlights. Lets kick off with renault. Nissan is reportedly exploring a sale option for its 34 stake in partner mitsubishi sending shares in the extrailer maker in tokyo nissan could sell all or part of its stake amid concerns the outlander will struggle to recover. Vodafone shares have hit their highest point after fullyear earnings outlook was raised. It hailed a resilient first half after posting results in line with expectations and shares are up 3. 6 this morning brian . All right, julianna, thank you very much. Meantime, back home here in the states alarming new numbers around the covid19 outbreak and the statebystate responses rahel solomon is here with that and some of the mornings other top headlines. Good morning good morning lets start with michigan and Washington State and the latest to impose sweeping new restrictions in response to increasing covid19 caseloads. They include halting indoor Restaurant Service and further limiting the size of indoor gatherings Michigan Governor Gretchen Whitmer ordering a ban on inperson high school and college classes. Brian, this as the u. S. Confirms more than 11 million total covid cases nationally and more than 68,500 current hospitalizations, more than at any other point during the pandemic. In other news pnc has agreed to buy the u. S. Operations of spanish bank, bba, for 11. 6 billion. The all cash deal will create the fifth largest u. S. Bank by assets and comes six months after pnc sold its stake in black rock for 17 million the first large bank merger since they bought sun trust in 2018 and since the financial crisis and finally this morning Simon Property group, the largest mall owner in the u. S. , has reached a revised deal to buy rival taubman centers, a day before the two were set to meet in court over simons attempt to walk away from the deal originally struck in march before the pandemic. Now under the agreement, brian, simon will pay 43 per share, a 9 premium on taubmans current stock price, but its significantly below the 52. 50 deal in february they will share onethird at the transaction price leaving them with about a 20 stake you can see simon is up almost 4 and taubman up 8 is what i saw there, brian. So the question is this, when is the last time you were inside of a mall . I couldnt even answer it certainly not at 5 0 i need another cup of coffee to think that far, brian. How about you . I think thats the point. Nerpt of us can remember and i think thats why they had to revise that down its been since february or march. Well see you again. Get that coffee. On it back down to washington where President Trump continues to stand by his claims of Election Fraud, refusing to concede the election to president elect joe biden going as far as to tweet just five hours ago, i won the election. Twitter flagging that comment. This coming as the Trump Legal Team drops a major part of its lawsuit to halt pennsylvania from certifying certain results. The lawsuit now focuses solely on democrat leaning counties that allegedly allowed voters to fix errors on mailin ballots. Nbcs tracie potts joins us with more good morning reporter brian, good morning. Lets go back to the tweets because that really seems to be a big it looked like initially that the president was starting to accept the election result but then based onthose continued disputed flagged tweets, he didnt. He won, words the world has been waiting to hear from President Trump. I think thats the start of an acknowledgement reporter but followed by multiple disputed claims of Election Fraud declaring i concede nothing and i won the election president obamas advice on 60 minutes. If you want at this late stage in the game to be remembered as somebody who put country first, its time for to you do the same thing. Reporter but the administration is still blocking joe bidens access to Intelligence Briefings and his team isnt authorized to work with the government on Vaccine Distribution we need to be talking to them as quickly as possible its great to have a vaccine, but vaccines dont save lives. Vaccinations save lives. Reporter one of the top coronavirus advisers agrees. Of course it would be bet fer we could start working with them reporter 11 million americans have been infected with covid19, and that number is growing daily we are in a very dangerous period, the most dangerous Public Health period since 1918. Reporter democrats are pushing Senate Majority leader Mitch Mcconnell to approve relief no more stomping your feet. Get something done reporter covid aid going nowhere and the transition on old. Hold. Now back to that pennsylvania lawsuit. Its still happening, but a key part of it has been taken out. They are still arguing that counties with a lot of democrats allowed people to go back and fix technical issues with their ballots like they didnt have an inside envelope or didnt sign it and republican leaning counties did not that is the gist of the lawsuit going forward. Theres a hearing on that tomorrow, brian. All right, tracie, the ceo of newsmax is responding to reports President Trump and some friends may be interested in buying out the conservative news outlet to try to take on fox news. What do you have on this story reporter yeah, this was an interview in variety last night, saying theyre not interested in becoming trump tv. There had been multiple questions and even some offers and some interest by private equity firms of buying out newsmax including this reported trump offer but he says, no, we dont want to become trump tv, but he left the door open saying that President Trump, after he leaves office, will be a force and they might be interested in a Weekly Television show with him. Yeah. I heard or read somewhere that book deals could be worth 100 million for the president and his family or Something Like this its going to go on after the election or the inauguration, i should say tracie potts, thank you very much have a nice day. Back down to the markets as stocks look to add to their recent record run, now we have been focusing on this program on the small caps the last couple of months because theyre the best play for the domestic economy recovery especially with the russell at record highs and, by the way, so is barrons stocks can benefit from a turnaround in the american economy, the cyclical stocks and rising interest rates. Joining us is Capital Management founder and chief Investment Officer bill smead i have no idea what time it is there. We do appreciate it. You probably just stayed awake ill leave it at that. This is a big time so we appreciate you coming on the program. Are you playing the small cap domestic recovery story . Well, were in phoenix, arizona, so were mountain time. Its not quite as bad as it used to be when we were on the Pacific Coast time we are we have been and we are because were buying form formerly large cap stocks that were decimated and are no longer large cap stocks were getting involved in this only because of how brutal the market has been on value and you mentioned already in your newscast simon properties. We own simon properties. We have about 2. 7 of our portfolio in simon im going to pick on you a little bit, brian, when you ask somebody thats probably in new york and if youre in new york and you ask somebody if theyve been in a mall, the answer is cant remember when. And then if you ask somebody from phoenix, theyll say twice this week. Whats wrong with peoples thinking is we are at the very end of the imprisonment of these quarantines. Now the current episode is nasty. Dont get me wrong its nasty but the appetite for local entertainment and the value of the underlying property is going to go through the roof staycation will be the magic once we get out of this jail when you drive around the country the attitude is very different than it is here in the northeast. What we see and live in colors our coverage of it no doubt about that. Certainly cases spiking either way. As a major shareholder are you happy with that revised deal for taubman . Do you still think they have a fair price did they still overpay even though theyre paying less i think based on where we are right now and david simon has done it again. He is buying all the right straw hats tomorrow in the winter and its very fair because the deal was done right before the covid thing hit. These people own a massive number of acres of land in the most attractive locations all across the country a deal in Orange County where taylor morrison, the home builder, bought a bunch of land from one of the mall owners because they probably want to build condos or town homes on the property for 160 million for one of these tiny market cap establishments not a bad idea in california, right, the car culture more of a walking culture. We have opec technical meetings this week. We talk about the future of oil and gas and fracking in america lately i see youre a big owner of Continental Resources. Youre obviously not scared off by the current price point or current political environment. Brian, we always have our outlandish thought of the year for the last two years it was that the millennials would eventually move themselves all across the country to find a better cost of living outside the coastal cities now we have a new outlandish thought. Our new outlandish thought is joe biden doing a fire side chat with the American Public in two years wearing a cardigan sweater asking people to turn their thermostats down so people in california can charge their cars Continental Resources listen, we forget this during the Obama Administration the only industry that grew jobs for years was oil and gas. Well see if the president elect has a memory of that always interesting we appreciate you either getting up or staying up best to you and yours out there in phoenix thank you. Thank you when we come back how china pivoted to try to drive the Worlds Largest International Trade deal plus, bracing for iota a category 4 storm we have a very busy hour still ahead. Dow futures up 276, and we are back right aft ts. Erhi you can go your own way its time you make the rules. So join the 2 Million People who have switched to xfinity mobile. You can choose from the latest phones or bring your own device and choose the amount of data thats right for you to save even more. And youll get 5g at no extra cost. All on the most reliable network. So choose a data option thats right for you. Get 5g included and save up to 400 dollars a year on the network rated 1 in customer satisfaction. Its your wireless. Your rules. Only with xfinity mobile. President trump will reportedly enact a series of hardline policies during his final ten weeks in office. Its all part of an effort to cement his hard line legacy against china. According to axios news. All of this comes as 15 asiapacific companies yesterday signing the worlds biggest free trade deal with china at the helm and the u. S. On the sidelines. Joining us now from beijing with more on this deal, eunice yoon reporter this massive trade deal that was originally designed and pushed by china in part to act as a counterweight to the u. S. Led Transpacific Partnership which was a trade deal that was meant to move asia closer to the United States. So this one is called the rcep and covers 15 countries, 15. 2 billion people and combined gdp of 26. 2 trillion. Critics say this is a shallow agreement but its advocates have argued that it did make progress in a couple of different ways. First it simplifies the rules of origin of a product, the first free trade deal between china, south korea and japan, seen as something very difficult to do because of the regional rivalries, and it also aims to tighten supply chains by getting rid of a lot of bureaucracy and tariffs. It would become more like a trade zone like the eu what it doesnt address are the stickier issues like ip, labor, state subsidies, services. One of the reasons india has quit the deal and doesnt have u. S. Influence in this regional trade pact and because of that, brian, this is really seen as a win for china. Its not necessarily china led but because of chinas dominant size in the pact, everybody think that is china will be the one setting the standards of trade in the region. Is there any indication on the relationship between president xi and president elect joe biden . Reporter so far president xi has yet to congratulate president elect biden even though the Foreign Ministry did extend their congratulations to the president elect. Whats interesting about the latest development it pushes president elect biden into a situation hes going to have to make a decision if the u. S. Will join the tpp or would join rcep. Right now he hasnt given any indication that he would also on the campaign trail weve known both republicans and democrats have been critical of the tpp and trade with china it will be difficult for him but, most morning, brian the president elect has made it clear his priorities are the economy in the United States as well as a pandemic so people here are thinking that asia is going to be lower on the priority list. Well, thats going to be a heck of a first call between xi and biden when it happens. We look forward to your reporting on it as well, eunice. Have a great night thank you very much. All right, still on deck, talk about putting your chips on the table. The stock barrons says could run 20 higher next year after a terrible year this ear it is your mystery chart who is it . Dow futures up 300 your news headlines. Hurricane iota has strengthened into a category 4 storm with maximum winds of 145 Miles Per Hour as it sweeps over the caribbean. Forecasters say iota could become a cat 5 hurricane by the time it reaches central america. Evacuations are being ordered in lowlying areas in nicaragua and honduras spacex successfully launched their crew dragon capsule marking a major milestone for the company and for nasa sending four astronauts to the International Space station. This marks the first Operational Mission as spacex embarks on a new era of chartering flights for nasa Dustin Johnson swung his way into the history books on the final day of the masters johnson kapt off his run with a 4 under par winning by five strokes. His last day propelled him to 20 under par for the tournament making him the first golfer to shoot 20 under in masters history. 2019 champion tiger woods, who finished 19 strokes behind johnson, awarded the champion with his first green jacket. If you saw that, wow, how emotional he was he couldnt even talk. Couldnt even compose himself. Brian, im sure you were watching yeah, its funny. At the end there they do the fist bump, i guess because the pandemic but yet nobody is in masks. If youre just going to be in the room together you might as well hug it out or something 2. 1 million the tears and everything. 2. 1 million. I would be crying, too fantastic. Thank you very much, frances have a great day congrats to d. J. It wasnt even close stocks set to surge as investors await one key data point what former hhs official turned wall street analyst has to say about its prospects. Later, did your trip to costco ever end with an 18,000 private jet membership im guessing no, but now it can. That and your other top trending stories when Worldwide Exchange rolls on after this. You can go your own way its time you make the rules. So join the 2 Million People who have switched to xfinity mobile. You can choose from the latest phones or bring your own device and choose the amount of data thats right for you to save even more. And youll get 5g at no extra cost. All on the most reliable network. So choose a data option thats right for you. Get 5g included and save up to 400 dollars a year on the network rated 1 in customer satisfaction. Its your wireless. Your rules. Only with xfinity mobile. Stocks and your money looking set to keep last weeks momentum riding high the dow marching to a new record high futures up 262 johnson and johnson becoming the latest drug maker to kick off a critical latestage virus vaccine trial and the race to get a treatment to the public. And are we going to party like its 1987 how history looks to repeat itself with the s ps blockbuster start to november. Its a stat you have to hear its your rbi, and its coming up on this monday, november 16th and this is Worldwide Exchange here on cnbc the song is a hit to the rbi or maybe the year of the rbi and a market stat you have to hear to believe welcome back, everybody or welcome. 5 30 rubbing your eyes, getting your coffee its good to see you time to hit your monday money. Futures are up and they are up nicely dow futures up not quite 1 . Nasdaq futures lagging a bit but still in the green well have to wait and see how the market shakes out on this monday morning a good run for stocks. Remember, the dow is just 1. 5 from its alltime record high as well the s p 500 hitting it as well the nasdaq 2. 3 off its record high as well so, again, those are the numbers that you need to watch. Small caps continue to shine lately the russell 2,000 gaining more than 6 last week alone. Its been a big run for the small caps, a sector weve talked a lot about on this program the last couple of months the ongoing outbreak and one retailer with safety precautions. Rahel solomon is back with that and the other top headlines. Good to see you again. Reporter lets start with walmart resuming monitoring the number of customers entering the store. In april walmart had begun restricting to roughly 20 of the stores 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. Were joined now by the principal at Health Care Policy at Raymond James and former senior official at health and human services, also out with a 73page report, by the way, late last night, chris, which i got this morning and flipped through it as much as i could. Startling headline youve got which is basically a million cases a day is looking like a promise not a threat we look at the numbers, case counts are up. Hospitalizations are up. Thankfully it does appear fatality rates have come down as well exactly where do we stand right now . Yeah, thats a great question and at the end of the day weve been saying since the beginning of this virus it is between 0. 5 and 1 early on it looked much worse partially because we werent testing enough people so we had no idea really how many cases were out there we have a much better idea now and more than 100,000 a day. In june dr. Fauci said if we dont change behavior we could reach a point this fall where we have 100,000 a day now that seems like the goal to try to reach rower than what the threat is because were just blowing through the numbers. Now we may have 100,000 hospitalizations a day i think the vaccine news is extremely encouraging. Its important to remember thats not something that will solve the problem in a day, a week, a month or even a few months from now. We have this crisis now in the United States we have to address or lockdowns are coming. It gives us the most important thing, a hope, i can tell my teenage daughter were probably looking at spring of next year but we are seeing the other side of this absolutely. We have the pandemic, i think chris eloquently talked about the resurgence, but i think the best case is at least the pfizer vaccine, perhaps others will be widely distributed in the second half of 2021 and that would mean we have deferred utilization picking up the stayathome stocks have seen a rotation out not just more broadly but also in health care a few more of the reopening stocks like hospitals and most importantly a little bit on the Device Companies as well on the other side, though, as you think about the investment landscape in health care you have to contemplate against the backdrop of this pandemic, the Election Results and the scotus hearing on november 10th of the Affordable Care act. Most likely now we will have President Biden sworn in in january. We have divided government which means no public option that led to a nice rally and the scotus hearings were clear that Justice Kavanaugh and chief Justice Roberts would support the law even if the mandate was declared unconstitutional you have all of these things put together i dont think the Biden Administration in my view with this pandemic and with the pharma stocks and the Pharma Companies really, if you will, coming through at warp speed on a vaccine and the hospitals seeing financials and other pressures will see much pain in terms of draconian policy reform that november 10th Supreme Court hearing certainly, chris, will be a big one. We do forget that there are other things aside from the pandemic we need to focus on it looks like obamacare will stand at the november 10th hearing, at least kavanaugh and roberts tipping their hats the way we think they are. Aside from the pandemic, what do you think are some of the policy priorities visavis health care i think the election and the Affordable Care act case were lar largely declaring events ive responded to medicare for all, people worried about a public option, people worried about democrats getting 53 to 55 senate seats and the filibuster going away now i can say health care is relatively cheap come on in the water is warm. The Biden Administration is likely to obviously covid is going to be number one number two encouraging people to get into the exchanges and then i think well continue to see a moderate agenda where they continue to straadvance care and encourage people to find lower cost alternatives in some ways we shouldnt see the big disruption which has provided relief and why managed care is up more than 10 since the beginning of november and probably has a lot of room to run. United health, they could be moneymakers under what looks to be a fairly moderate new policy priority group. Absolutely. Ive been managed care for a long time. Weve seen a rally i think the quality names, united, humana, a senior story, a home health platform, these are the names. On the value side in managed care now with the likely reopening in the second hatch of next year, cvs becomes an interesting value play and the government powerhouse with innovation platform and the aba by scotus preserving is pretty well priced here. You look at the global response, chris, this show Worldwide Exchange goes live if every time zone the u. S. Media is u. S. Centric, which is disappointing at times, but thats the way it is we look around the world and everybody is slam the United States when you look at your data, belgium has the highest fatality rate in the world. Italy, the uk, many metrics worse than the United States is it kind of going to be all countries for themselves once these vaccines start to roll out . I think weve seen all countries for themselves the Bidens Administration wants to rejoin the Health Organization and continue to advance is positive from a Global Health pandemic going forward. I think the american citizens expect their government to prioritize vaccines at home. Hopefully we get to a point where we have pfizer, moderna, j j, astrazeneca and others, do we have multiple candidates that can be available globally to meet the need out there. My additional hope is we get to a point where americans are willing to take the vaccine. I think the advocacy rate, the implied one out of pfizer, above 90 , will encourage more people to do so but at the end of the day we need people to get these vaccines and im a little concerned that the public is still skeptical of that and increasingly concerned the virus eshlgs chris meekins, ana gupta, well have you back on soon. An oped yesterday saying its up to the governors, up to the states thank you very much, ana and chris. All right, on deck costco offering up something with that, you know, five gallon jug of mayonnaise a private jet subscription it is participate of your trending stories and its coming up as we head to break some of your other top stories a plan to raise cash as Oil Prices Get stuck right around 40 a barrel according to reuters stateowned company has hired banks including Goldman Sachs and Morgan Stanley to arrange calls with investors for a multitranche bond deal a group led by a filing a complaint with german and spanish authorities over the tech giants online tracking tool allowing iphones to store users data without their consent and barrons on intel, the magazine says shares are down more than 20 over last year, the company has shown a willingness to try new things and still makes about 80 of the cpus used in pcs around the world and 94 of chips used in servers. Worldwide exchange is back with dow futures up 270. Labradoodles, cronuts, skorts. its a skirt. And shorts the world loves a hybrid. So do businesses. So, today theyre going hybrid with ibm. A hybrid cloud approach lets them use watson ai to modernize without rebuilding, and bring all their partners and customers together in one place. Thats why businesses from retail to banking are going with a smarter hybrid cloud using the tools, platform and expertise of ibm. har betsy twelquarter mile of tinsel. Lights. 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. A record breaking pigeon, thats right, i said pigeon, Holiday Cheer Rockefeller Center despite the pandemic rahel is back with some of the toptrending stories i thought there was a typo but pigeons are now the new milliondollar asset class they never tell you that youll be talking about pigeons but here we are, brian good morning again yes, a racing pigeon has just set a record but not for a race. A belgian pigeon was sold after being put up at just over a little over 200 euros. Broke the record previously set of 1. 4 million by a pigeon named armando. The more you know. Holiday cheer arrived in midtown. The Christmas Tree went up after its long trip. The 75foottall tree will be lit. The lighting, however, will be aired fashionly on nbc check it out there brian, a new membership option at costco wheels up is offering 12month membership for 17,500 that price tag, however, includes the right to book flights. You still have to pay extra for the flights themselves and, by the way, if you want to make your first flight a little more interesting the retailer has started selling a whiskey ornament set for the holidays. 12 days of christmas, brian. I believe that goes for about 55. Costco has you covered this year for all of your take those on the king air. I dont know what the per hour costs are. There are people probably on this network who do know that. I dont know the bird i was thinking about that bird and i thought literally the 2 million pigeon works for bird seed. It has to be the cheapest sort of housing and Maintenance Cost per investment of anything in the world. Thats fair theres a huge return on your investment because the theory is maybe a chinese person bought the pigeon because, you know, you can make a lot of money racing the pigeon and breed it theres that its a female the males apparently fetch more money because they have the offspring. Not this time the ladies are coming in strong. I know. The ladies are coming in hot at 2 million for a pigeon. Im just going to keep saying pigeon all morning your morning rbi, trying to pigeonhole the stock market, the s p 500s best start to november since when thats your rbi. Plus, valerie grant is here with whether stocks can keep this moment tum going into 2021 were back after this. Need better sleep . Try natures bounty sleep 3 a unique tri layer supplement, that calms you helps you fall a sleep faster and stay a sleep longer. Great sleep comes naturally with sleep 3 only from natures bounty remember, its not mike and the mechanics its mike plus the mechanics. Were playing all this 80s stuff for this reason, it is time for your morning rbi and todays most random but interesting thing is actually two things both related to the stock market and both related to arguably one of the weirdest and probably musically the worst decades ever lets admit it, the 1980s. Last week in the stock market was one for the history books, specifically the preppie handbook the saab 900 and izods first for energy, last week the S P Energy Sector rose nearly 7 17 . Monday energy had its single best day since 1989. Ps, a minor opec meeting tomorrow here is your real rbi. The s p 500 now on pace for its best first ten trading disto a month since all the way back in january of 1987. Thats how good of a start to november its been of course extremely good news about a potentially lifesaving vaccine on a deadly Global Pandemic will do that. And it should. So for the markets its the 1980s all over again, but hopefully not with the music for more on what may be in store for the markets joined by valerie grant, Alliance Bernstein senior vp and senior portfolio manager, for responsible investing. I will not ask your opinion on 80s music im not sure theres a lot to opine on next year, 2020 at some point will end are what your macro expectations will it be the roaring 21s . I dont know if it will be the roaring 21s but i think things are definitely improfx. If you look at some of the underlying data, Consumer Expectations are improving the Unemployment Rate declined to 6. 9 . The employment numbers were pretty good that we saw recently and overall things are Getting Better obviously the prospect of a vaccine for covid19 is very encouraging, and i think that we will slowly get through this in that this will flow through to Company Profits and equities we also talked earlier in the program, valerie, about policies and the Incoming Administration the move to renewables and more sustained has been hot and will stay hot the names arent maybe the names you think. Jim krcramer had waste manageme on its a name he likes you like it because it can kind of be an esg play. Its a very interesting company. These are the stocks we like to uncover. Waste management, youre right they haul away your garbage. Youre thinking whats so environmentally friendly about that once they actually collect the garbage and take it to the landfills they have technology to capture the gases that come out of the landfill and reuse that turn it into natural gas which fuels their truck fleets this is an example people call the circular economy youre producing emissions, yes, but youre using those emissions for energy which is quite remarkable we love to find companies that have these types of solutions and they dont depend on any change in policy theyre already implemented. Yeah, and if you dont know next air energy, they used tore Florida Power and light, 100yearold company, the Electric Company many of our consumers use. They dont do media. Ive talked to them, reached out, invited the ceo on. Were going to respectfully pass the biggest wind company not in the world but close to it this is a massive renewables play wind and solar. And so this is another company that, youre right, on the surface you look at next air, whats so interesting about this theyre investing capital and thats where they see the future based on the underlying economics. While it would be great if we had a policy backdrop that was favorable in this instance the cost of renewables has come down to such an extent theyre investing capital in this way because its a profitable way to run their business were seeing more and more of this particularly with some of the mid and Large Company companies. Theyre innovating to ensure that they are fit for the future you look at the other, i guess, names that you brought to us this morning, valerie, a name like a walmart and, again, is this more of a government will pick the winners or a longterm great play i put walmart on the list along with several other Large Consumer companies because im looking at labor managing practices. Im looking at the s in esg. Investing in wages, benefits, educational opportunities, Mobility Programs for their employees. I think thats a leading indicator of optimism for the future and it will lead to a more sustainable economic recovery so thats why i put walmart on the list im talking a lot about esg on this network and i will for a long time more have a great day thank you very much. Folks, thanks for watching well see you tomorrow squawk box is next you can go your own way its time you make the rules. So join the 2 Million People who have switched to xfinity mobile. You can choose from the latest phones or bring your own device and choose the amount of data thats right for you to save even more. And youll get 5g at no extra cost. All on the most reliable network. So choose a data option thats right for you. Get 5g included and save up to 400 dollars a year on the network rated 1 in customer satisfaction. Its your wireless. Your rules. Only with xfinity mobile. Good morning futures pointing to a higher open again stocks look to extend last weeks big gains liftoff spacex launching four astronauts to the International Space station. It marks the first full taxi flight for nasa by a private company. And history in augusta Dustin Johnson winning the masters with the lowest score in tournament history its monday, november 16th, 2020 squawk box begins right now. Good morning, everybody. Happy monday and welcome to squawk box here on cnbc. Im becky quick along with andrew the equity futures because, as joe mentioned, you are looking at some big moves once again this morning dow futures indicated up by 282 points the dow is only about 72 points from a new high. So if we were to close at the levels that wer

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