Friday, amazon and more. And nothing to prove ford bowing out of a deal with the cyber truck as Worldwide Exchange begins right now good morning and welcome to Worldwide Exchange. Im dominic chu. It is wednesday, november 27, 2019 and one story that you will be talking about today, the astonishing finish to last nights duke and steven f. Austin basketball game, a big congratulations to the lumberjacks. They were i think a 27 point underdog knocking off the top team in the country. Congratulations. Stock futures indicating the dow will open up slightly higher again. It is coming off its 14th record close of the year. The s p seeing its 25th record close year to date stocks are now on pace for their best month since june. As you see here, the dow would open up about 70 points if the futures gains hold ten year note yields still hovering right around the 1. 74 mark you can see here a slight tick higher, 1. 741 the last trade there. Let us go worldwide. In the asian trade overnight w did see a bit of a mixed session but still generally positive hang seng up 0. 1 . In european trading, positive there as well. Pretty much green across the screen dax up half of 1 . And ftse 100 in the uk up onehalf of 1 lets get a look at some of the other top stories. The latest read on Industrial Production in china coming in overnight, profits shrinking at their fastest pace in eight months done nearly 10 which tracks with continued drops in Producer Prices and exports over that same period. Officials are partly blaming the ongoing u. S. china trade war and speaking of trade, President Trump telling reporters at the white house yesterday that the u. S. And china are, quote, in the final throes of a very important deal later adding in an interview with bill oreilly what is holding up an agreement being reached. Me. Im holding it up. Really . Yeah, because it has to be a good deal. We cant make a deal that is like even. I told that to president xi. Were so far down that we cant just make an even deal we have to make a deal where we do much better because we have to catch up. Hong kong listed sharesever ing of ali baba raise more than 3 as you see there. It puts the stock price around 9 9. 6 above its initial listing price. Back to the markets and the recent rally joining me now is dan david founder of Wolfpack Research and dan, i got to say as we talk ali baba, the whole u. S. china trade scenario, one thing that we are paying close attention to is whether or not the ali baba trade is indicative of what chinese firms may be doing in the future just listing in hong kong fair to say this is a hedging type scenario . Well, i think it is indicative of what other firms will do, though to be fair, ali baba probably planned to do this for a very long time this is where ali baba wanted to list in the first place. They couldnt do that because of the Hong Kong Exchange wouldnt accept a dual class structure. They have since capitulated and now they do. It makes sense for ali baba to be on the Hong Kong Exchange can where Mainland China investors who use their platform can buy their stock. So they have the best of both worlds they had the highest ipo in New York Stock Exchange history. And now they are 500 billion New York Stock Exchange. You can add another 13 billion to that in hong kong and it does hedge against the trade deal where things going south when you talk about what senator marco rubio is doing with the equitable act and possibly delisting chinese equities so lets talk about the chinese equity picture right now. There is a sense that perhaps everybody is getting caught up in u. S. china trade. Is this a scenario where investors can still feel confident about investing in Chinese Companies given the current climate . I dont think that we have a choice there is so much liquidity in the market and so much money out there, it is the only game in town is to invest. And were being pushed to china more and more. Im not comfortable with it. I dont do it simply because there really is no rule of law against stealing from american investors. And that has not been fixed. And it is not really being addressed in phase one of the trade deal so im not happy about that. Are you confident phase one, rumblings of a possible phase two or three down the line are you a person who believes that this is going to get resolved anytime soon . Im not somebody who believes that there will be a phase two if there is a phase one. I would give President Trump all the credit in the world in the first place for doing something the past two administrations largely didnt even attempt. To get any kind of pushback against china has been fantastic. But to thousanow get into this o phase one that helps china largely as much as it does us, and i heard President Trump saying it has to be unequal for on us. Because what im seeing in phase one doesnt seem as unequal for us as i had hoped. Currency manipulation, that helps them i mean, really when we say china is a currency man ipulator, they are because they defend their currency it stops their consumer buying power. So their consumers have less buying power at eight or thine versus seven so it helps them as much as it does us. And the other parts of this trade deal are not great with our Foreign Investment being able to buy private companies in china and real estate when they are in a bubble territory when chinese banks are going bankrupt and now they are saying buy some of our real estate that is a bad deal for us. And it shouldnt be a part of phase one. More a part of it should be some of their judicial changes. All right dan david, thank you very much boeing suffering another potential setback in its effort to return the 737 max to commercial service Frank Holland is join being us with the latest there. And the faa says it will keep controlbeing us with the latest there. And the faa says it will keep control every one built since the planes were grounded back in march. The faas move could make it more unlikely that the agency will recertify the max this year allowing boeing to return to service as soon as january the faa issuing a statement yesterday saying that it has not completed its review of the 737 max sdidesign changes and train. And it will not approve return to service until numerous rounds of rigorous testing. This is the third time that the faa says it will take all the time it needs to ensure the planes are safe. Earlier this month, bo suggeeing suggested that some deliveries could start late december and that prompted the head of the faa emphasizing the regulator fully controls the process boeing is down fractionally today, but the stock is up 15 this year. Frank, thank you very much. And when we i doncome back, lat for xeroxs push for hewlettpackard. And plus ford closing the book of any possible apples to apples dual with the new cyber truck. And later on, an exclusive with former sears chairman and ceo Arthur Martinez. Danafarber Cancer Institute discovered the pdl1 pathway. Pdl1. They changed how the world fights cancer. Blocking the pdl1 protein, lets the immune system attack, attack, attack cancer. Pdl1 transformed, revolutionized, immunotherapy. Pdl1 saved my life. Saved my life. Saved my life. What we do here at danafaber, changes lives everywhere. Everywhere. Everywhere. Everywhere. Everywhere. Nongmo, made with naturally sundown vitamins are all sourced colors and flavors and are gluten dairy free. Theyre all clean. All the time. Even if sometimes were not. Sundown vitamins. All clean. All the time. Happy veterans day. Happy veterans day. Happy veterans day. Happy veterans day. Student veterans of america champions those who have served and also prepares them for their next chapter in life. Please take a moment this this veterans day to remember service members, who put their education and careers onhold to give back to all of us. We thank you. Feliz dia de servicio. Happy veterans day. Happy veterans day. Please visit studentveterans. Org hey. Hey. You must be stevens phone. Now you can take control of your home wifi and get a notification the instant someone new joins your network. Only with xfinity xfi. Download the xfi app today. A live shot of chicago lets get a check of some of the big stocks on the move today box reporting better than expected Third Quarter results as demand rises for its services it says a high number of large enterprise deals and sales addon products helped their quarte quarter. Hps adjusted earnings did beat forecasts. They expect supply constraints to persist first half of next year dells Third Quarter earnings beat forecasts but revenues did miss. The company cutting its full year revenue outlook as its pc business deals with a shortage of chips from intel. As a result shares down 4 in the premarket trade still to come, a worldwide exclusive with arthur marty sneez martinez im a regular in my neighborhood. Im a regular at my local coffee shop and my local barber shop. When you shop small you help support your community from after School Programs to the arts so become a regular, more regularly. Because for every dollar you spend at a Small Business, an average of 67 cents stays in the community. Join me and American Express on Small Business saturday, november 30th, and see how shopping small adds up. Nongmo, made with naturally sundown vitamins are all sourced colors and flavors and are gluten dairy free. Theyre all clean. All the time. Even if sometimes were not. Sundown vitamins. All clean. All the time. Black friday is just days away, but the deals are there as consumers have come to expect, they are coming earlier than of ever and there are steep discounts on thanks giving day itself and that is where Brian Sullivan started his conversation with Arthur Martinez formerly with sears. Thank you very much for joining us first off, what are your macro expectations for this Holiday Shopping season given sort of the calendar issues between thanksgiving and christmas, six fewer days, but also a very strong consumerled economy . Well, im actually quite optimistic about holiday sales although it is a shortened selling season, there is no question that many retailers have already pulled the trigger on the promotional activity that would normally occur on black friday but the economy is in pretty good shape employment is high, wages are stable certainly and consumers are in a good mood there will be i think a 4 to 5 increase in sales over the holiday trading period led by online sales which i think will be in the mid teens which would mean that the traditional brick and mortar would be flattish to plus 2 . But i think at plus 4 , 5 , everybody will feel pretty good about the holiday. And i dont want to slam the big story on friday, but given that ive been seeing ads for black friday basically running all week, does black friday hold the place in retail that it used to it still does because it is in the consumer psyche that Something Special happens. And of course the very early openings on thanksgiving evening had to the craziness of black friday so i would say it is more of a Consumer Mindset than it is an actual p l or black and white kind of opportunity for the retailers. When you look at cyber monday as the weekend extends, you are really looking at almost a seven to ten day period of concentrated promotional activity that sets the tone. And of course it has really been the last decade all about amazon but it feels like this year may be just a little different feels like some of the traditional brick and mortar retailers, the targets and walmarts of the world, feels like they have gotten a little bit of their mojo back or is it still all about amazon . It is not all about amazon. I point with some admiration to walmart and what they have achieved in responding to the amazon challenge the last Quarter Results there, online Digital Sales are up 40 which is an astonishing numb target is also doing extremely well people have realized that amazon is not going to own the world. There is a balanced place in the marketplace for retailers who have both bricks and mortar and online businesses. The trick is to find the right balance and i think walmart is a great example. I know it is hard, but your best guest, where do you think that that customer is coming from, are they stealing that customer there amazon or someone else or is this sort of a new net add . Well, i think that it is actually their customers learning that they can shop online and have the same kind of selection and service that they get if they actually go into the store. And obviously you referenced walmart and target anybody else out there that you see from your Vantage Point that you say hey, that company, they are doing it well . I have to give it to the value retailers. Tjx and marshals without a significant online presence, they still bring consumers into the stores for the Treasure Hunt that they represent. They continue to knock it out of the park with Revenue Growth and one who has risen from the theyre dead is best buy they have responded extremely well and have reported their latest quarter very solid sales increase and the t. J. Maxx of the world have done well because i believe that they are buy a lot of inventory for relatively inexpensively as other stores close down lord and taylors of the world or sears. Do you see the trend of retail slowdowns slowing down at all . I think that were in a very darwinian period for retailers survival of the fittest. So i see continued consolidation in retail. I see retailers falling into an old trap which is buying inventory into a trend that they wish they had as opposed to the trend that they actually have. And do sears and jcpenney have a future . I think sears, which is a very sad story for me personally, is on life support and will not survive much longer the reorganization under the bankruptcy proceedings will not produce a vibrant vital retailer that can survive jcpenney has a little longer in its lifecycle. But they are burdened with far too many stores in c and d malls around the country and it will require severe and dramatic action to shrink their expense base to be commensurate with their physical footprint so i think that they will be a longer story to play out, but im not optimistic about them either in the very long run. For more of brians conversation with Arthur Martin martinez, you including his take on the future of the american mall, just head to cnbc. Com. Still on deck, how alexa assistant is a little more human . 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Lets send to everyone wifi up there . Uhh. Sure, why not . Howd he get out . a camera might figure it out. That was easy glad i could help. At xfinity, were here to make life simple. Easy. Awesome. So come ask, shop, discover at your local xfinity store today. What you are looking at, video of a fire at a Chemical Plant in texas going on this morning. The flames erupting following an explosion at the facility which produces chemicals and Petroleum Based products according to report, two people were hurt and evacuations have been ordered in the area well continue to follow this story. Lets get a check of the mornings other top headlines. Good morning, phillip. Good morning. A powerful earthquake is rocking a vacation hot spot this greece. The epicenter of the 6. 0 making any quake was right off the island of create hundreds of firefighters in california are battling the cave fire scorch over 4,000 acres winds are blowing every which way. And nearly 5500 people have been evacuated. The firefighters are hoping for some rain from a cold front that is moving across the state and beware of the butter ball blaze the Consumer Products Safety Commission is releasing this video as a warning there were about 1600 home fires on thanksgiving two years ago and they are warning people to thaw their birds before keep frying them because you a frozen turkey in hot grease will explo explode. And a bit of advice, fry them outside. Thank you very much, phillip. When we come back, tiktok on the defense as u. S. Regulators step up into content censorship and tom lee will join us when Worldwide Exchange returns introducing a razor that works differently. The Gillette Skinguard has a guard between the blades that helps protect skin. The Gillette Skinguard. Nongmo, made with naturally sundown vitamins are all sourced colors and flavors and are gluten dairy free. Theyre all clean. All the time. Even if sometimes were not. Sundown vitamins. All clean. All the time. The market rally keeps rolli rolling. Ready, set, go on the busiest days for the travel Holiday Season, storms across the country are creating plenty of headaches. And stunning defeat. Steven f. Austin taking down duke at the buzzer, it is the finish that you need to see and it happens on Worldwide Exchange. Welcome back to the show im dominic chu in for Brian Sullivan here is how the stock futures are looking halfway through the 35 00 a. M. Eastern time hour the dow coming off its 14th record close of the year, the s p seeing its 25th record close. Stocks are on pace for their best month since june. Right now pointing to 61 point gains for the dow. On the bond side, ten year note yields are just about 1. 74 . Two year 1. 586 . Lets get a look at some of the other top stories that were following. Parent company of tiktok is reportedly working to separate the social media app from much of its chinese operations. According to reuters, bite dance is showing that personal data is stored securely in this country and will not be proper ghcomproy china. Data protection are very important forktok is a global c. We operate out of l. A. So we are focused on building a platform where people can express themselves freely, be creative, be joyful and that is kind of the main direction which has led to kind of the growth of tiktok. Apple is reportedly looking to ramp up production of its airpods pro. The tech giant has asked look share to double production to two Million Units a month. And also seeking relief from the Trump Administration amid the ongoing trade war for those ro dupgts products and trade reps are reportedly set to meet today to discuss a deal to replace nafta. Robert lighthizer will come together with his two counterparts as lighthizer nears an agreement with House Democrats on change to the usmca. Back to the markets, stock market pointing to another higher open. Among the standouts, target, best buy, tjx and walmart all surging on strong earnings results. But one area of the market not doing so hot as of late, bitc n bitcoin. Down again this morning and trading at a six month low so lets bring in tom lee. Good morning to you, tom let start with the retailers is it a sign the results that weve seen that the American Consumer can still continue to power the markets towards these record highs yeah, the consumer has really been the stalwart for all of 2019 now weve got pretty decent jobs market, committee markets are good and that is helping about a third of the households. So i think that we are set up for a strong final finish and i think consumers are feeling good so as we say this is the markets at these levels, are there still places that you can find some kind of a relative value or is this one of those situations because there is such up side momentum, you just buy the highs because it just goes higher from here yeah, and i think the perspective that is harder to keep, markets are up so valuations have increased, but stocks are cheap against investments grade bonds. But what is really, really cheap are cyclicals. So i think if investors try to get exposure and i think it makes sense to say we can make new highs even from today, the sort of contrarian side would be to be long some of the industrial, basic materials, financials, the ones that have kind of lagged health care, industrials and technology are the three best performing segments. So what about the small cap stocks is . Weve been making a lot of them, they were playing catchup for a long time, but it seems like they are really catching up right now. Is that good sign for the overall market yeah, small caps are super sensitive to cyclical and Economic Growth. When you see emerging markets and small caps rally and making new highs, this is just i think further reinforcing the idea that 2020 Economic Growth is stronger than 2019 and that is a good sort of setup into stocks doing well next year what about this idea that we have this bevy of data over the last few months, whether it is ism or pmi or anywhere around the world where we see the economies start to slow down is there still a concern that that slowdown will play out at some point markets will have to take a leg lower i mean, the pmis have been weak for almost two years. Weve had an industrial he recession globally and it has kind of been a mistake for investors to think that weak pmis should govern their positioning. I think pmis are actually bottoming. Were seeing incremental improvements so if pmis are turning historically, that means there is up side to Earnings Growth next year. If that is the case, does that Earnings Growth still really will people still pay up for every dollar of increment incremental earnings i think it is too early to know whether 2020 will be a booming recovery or just a cyclical bounce. But historically when the ism export number recovers back to 50, which it did last week, s p earnings typically grow around 18 . So i mean, were talking about earnings possibly being mid to high teens next year before we let you go, i got to ask, what is happening with bitcoin . It has been a blood bath so far for a lot of the crypto investors. Is this something that we can continue to see happening into next year as well and is there a bottoming process at all taking place . I mean, i think bitcoins weakness since july is really understandable because regulatory resistance has grown. Weve had congressional hearings on libra and the white house has been publicly against bitcoin. So i dont think adoption has really grown since sdwrjuly and you cant grow adoption, bitcoin drifts lower but does it change the ten year or five year or even two year outlook . I dont think so next year there is a lot of reasons to be more optimistic about crypto one is that as equities have made new highs, i think it sets the stage for risk tolerant investors to addcapital to risky assets like bitcoin. I think china while it is giving mixed messages is clearly more pro digital assets, blockchain, so i think that the regulatory developments are less bad in asia versus u. S. And of course we have those comments from president xi about the benefits of Blockchain Technology as well tom lee, always great to get your thoughts. Thanks for having me. Vmware is reporting better than expected earnings the Cloud Computing company says results were helped by its acquisition of carbon black. Shares up about two thirds of 1 coming up later today, the ceo of vmware will be on squawk alley, that happens at 11 30 a. M. Eastern shares of automatic he toe desk slipping this morning the Company Giving weak guidance for its current quarter. Shares you see there off by about 1. 25 . And shares of guess are down about 5 revenues missed estimates and guess is trimming its Earnings Guidance for the full year again, those shares off 5. 5 coming up, get ready to open up that wallet with black friday approaching, the moves some banks are making in a fight for your holiday spending. Plus the truck wars between tesla and ford continue. The latest in that ongoing spat. I am totally blind. And non24 can throw my days and nights out of sync, keeping me from the things i love to do. Talk to your doctor, and call 8442142424. It nice . Ce. This is the mostawarded minivan three years in a row. The van just talked. Sales guy, give em the employee price, then gimme your foot. Handsfree sliding doors, stow n go seats, man, yall getting a hook up and yall dont even work here. Pacificaaaaa nongmo, made with naturally sundown vitamins are all sourced colors and flavors and are gluten dairy free. Theyre all clean. All the time. Even if sometimes were not. Sundown vitamins. All clean. All the time. Were less than 1234 hou 24 away from the thanksgiving holiday. And it means plenty of traveling and shopping we have Team Coverage on both fronts kate rooney is this is San Francisco and sarah dallof at the Busiest Airport in the country, Ohare International in chicago. Lets start with kate who is looking for how banks are fighting for customers digital wallets. Thats right, banks are competing to get people using their credit cards through rewards and discounts, but the rise in mobile shopping is making it harder one when someone reaches in to their physical wallet, they stop to think which card brings the bigger rewards but if you are mobile shopping, it is more a matter of not having to reentry your card number some let you store a credit or debit card and once you choose your default payment method, it is game over and likely the one that they will use for the majority of Online Purchases the move to mobile is picking up steam. Share of smartphone users buying something on their phone doubled in the past five years and this year marks the first time that more than half of those surveyed plan to use a smartphone for Holiday Shopping and the stakes are high for banks. Credit card revenue has been a bright spot. And while every day swipes are a part of that, year end shopping is key, it brings those rare big ticket items and the more someone spends, the higher the recurring income for the companies. Lets turn now to sarah as if there were not enough headaches this coming thanksgiving travel season, some parts of the country are dealing with extremely messy weather, right . Reporter it is just a miserable mix in some areas of the country. Airport officials and tsa say they are prepared for the crush of holiday travelers with more staff on the ground and about 800 more flights per day in the air. But the truth is, nobody can control the weather. This thanksgiving, it is a perfect storm of record breaking travel we are predicting 55 million americans will be traveling more than 50 miles. Reporter and severe weather. Two storms targeting travelers in the northeast, midwest, southeast and west coast bringing rain, high winds and snow marching step in step with holiday traffic in the air and on the ground. 49 million americans are expected to drive. Ill have about 36 hours of windshield time. Reporter most expected to leave this evening when storms are fracht efrfte ee eed foreca into the northeast nobody wants to spend their thanksgiving dealing with a crash, in the hospital, or making those phone calls to loved ones reporter airports will also be overflowing ill probably have a large glass of wine before my flight reporter with 4. 5 million passengers expected to fly, the storms could create a domino effect of delays it is important to stay tuned to their local weather reports, but also look and check on the weather at any connecting citie. Reporter still millions committed to weathering the weather. We all meet at grandparents house. All got to do it. Reporter and with all of the bad weather, no surprise that the majority of travelers are headed somewhere warm and sunny. According to aaa, top ten most popular detonations include orlando, honolulu, maui and miami. I could see going to maui this time of year. But lets talk a little bit about what is happening with the hot spots out there. Are there earn is plahere certat are getting hit hard denver will be a huge one. Weve been seeing pictures of the snowstorm there. Are there certain airports that travelers will be having to watch out for this Holiday Season reporter there absolutely are. And the trick is that it is going to shift throughout the day. So right now denver is a very tricky area, San Francisco is tops right now on flight awares misery map chicago, things are moving really slowly right now. Very few delays and cans la igss cancellations on the board right now, but starting in about two on hour, well be under a high wind warning and that could change the game right now San Francisco is topping that misery map followed by jfk and minneapolis where they are getting snow. So there is really no escaping it you have the rain on the west coast impacting travel there, snow and winds throughout the midwest and northeast. Really maui is our only option i just want to point out this is the front page of the wall street journal and all it says is travel misery mounts for thanksgiving that word misery very key for a lot of travelers sarah, thank you very much lets find out what else you will be talking about today. For that we turn to Frank Holland. Well be talking about something that we talked about yesterday. Turns out were not actually going to get that cyber truck battle that we were hoping for elon musk released a video of the cyber truck pretty handily winning the tug of war battle. It does leave first, you have to note that. Ford challenged musk to a rematch and he suggested that it happen as soon as next week. But a ford spokesperson squashed those rumors clarifying that the vps tweet was actually meant to be tongue in cheek we read it and it didnt seem like it was. Seemed like a bit of an ax to grind. And seems as i dont know how to read this, i dont know if this is ford cowing a little bit to what is happening or if it is really a situation where they are saying they are two Different Things and i know it looks like why would goliath get in to that arena with david voluntarilvolu. This doubt. I think you might have one of these in your house. Check it out alexa twi lekx a now responds t questions in tones ranging from happy and excited to disappoint disappointed take a listen. Im playing a single hand in what looks like a losing game. Im playing a single hand in what looks like a losing game. Im playing a single land in what looks like a losing game. Im playing a single hand in what looks like a loosing game and it was like excited high, excited low. She did use a happy tone if the user were to answer a question correctly or a disappointing tone if your Favorite Sports Team loses i do have alexa devices throughout my house. But the only thing i use it for is to play music, ive only ordered from amazon once i play music, i ask alexa what is the weather today or what will it be like this weekend those are the things that i do i dont know if i need ecmotion for the things that i use it for. Yeah, i dont trust them. I dont like them. Having emotions is not a selling point for something that is just supposed to be dormant most of the time i dont like the fact that it has even more insight into my life all right, thanks very much, frank. In sports, an investment in one of the top teams by a u. S. Private equity firm is breaking records. Silver lake has taken a roughly 15 10 stake in Manchester City that team is now valued at around 4. 8 billion overall. Breaking the previous record in Global Sports valuations so man city now private equity owned partially there. And tomorr and top ranked duke battled unranked lumberjacks check this out both teams are tied at 83 points a piece. It is dukes ball. Tw jones attempts a pass because lumberjacks steal it and he lays it up just as the red goes off steven f. Austin yes beats duke 8583 snapping the blue devils 150 game nonconference home winning streak that was the longest active streak in Division One Basketball congratulations lumberjacks. On deck for the show, we get a preview of the Holiday Shopping season. And the latest on that Chemical Plant in texas details when Worldwide Exchange returns. Sundown vitamins are all nongmo, made with naturally sourced colors and flavors and are gluten dairy free. Theyre all clean. All the time. Even if sometimes were not. Sundown vitamins. All clean. All the time. What are you doing back there, junior . Since were obviously lost, im rescheduling my Xfinity Customer Service appointment. Ah, relax. I got this. Which gps are you using anyway . A Little Something called instinct. Been using it for years. Yeah, thats what im afraid of. He knows exactly where were going. My whole body is a compass. Oh boy. The my account app makes todays Xfinity Customer Service simple, easy, awesome. Not my thing. Welcome back we are following that ongoing fire at a Chemical Plant in texas, it happened about 1 00 local time at the tpc group plant located about 15 miles southeast of beaumont. The plant produces chemicals and Petroleum Based products according to reports, two people were hurt in that blast. Evacuations have also been ordered. Well continue to follow that story. And that is a live shot right now. President trump says that the u. S. And china are in, quote, the final throes of a very important deal. The president added in a later interview that he is holding up the deal because the u. S. Has to do better. And boeing is facing new obstacles in its bid to get its 737 max jet back into service. The faa says it will keep control over approving every new 737 max built. And that could make it more unlikely that the max will be recertified this year. The Holiday Shopping season has arrived. But with discounts coming er earlier and earlier, do the shopping events still hold weight does black friday hold the place in retail that it used to . It still does it holds its place because it is in the consumer psyche that Something Special happens. And of course the very early openings on thanksgiving evening add to the craziness of black friday so i would say it is more of a Consumer Mindset than it is an actual p l or black and white kind of opportunity for the retailers. So joining me now is president at jjk Research Associates janet, you just heard Arthur Martinez what is your take, does black friday still hold relevance when it comes to the consumer and their Shopping Habits . I think it holds great relevance. It is a National Holiday it is kickoff for the Holiday Season many families enjoy being together, they are off work, maybe they understand that the value isnt as great as it once was because a lot of the discounting has already begun, but it is a fun shopping day and everybody gets together, discusses gift options and goes after it and i would notice that the targeted ads on my instagram feed and my twitter feed and Everything Else have been telling me about black friday deals starting as early as last week so is it really a situation right now where the black friday holiday actually could be that catalyst or have people already done a lot of the shopping already . You know, a lot of people are very busy with their work and family obligations and now they have the thanksgiving weekend to spend time together and this has become an important time for them so, yes, discounts have been there, but i think that people will through the digital options and as well as the brick and mortar go out and shop for fun gift giving options over the Holiday Weekend. Are so speaking of this Holiday Weekend and the shopping season, lets talk about what consumers will be buying, what the trends are so what kinds of deals are the best to get right now through the cyber monday season and what are the hot items that consumers will be clamoring for this time around best deals are usually in electronics. So your iphones, your tvs, video games as well as toys are where the value is the greatest and where there is a coffs is a con effort to get things before they sell out theme related, frozen, star wars, the movies that were just released will also be great gift giving options i think also that you will see a lot of experiential options. Travel, Entertainment Services and the categories that focus on will be sorry will be looking at beauty and active as key gift giving categories and the cold weather will also spur some great purchasing of outer wear so you think canada goose, north face, brands like that should farewell luxury continues to be very strong for on lv and gucci and there is a lot of fun collaborations out there today with the biebers and calvin kle klein, puma. Janet, thank you very much for you will a your thoughts and that does it for Worldwide Exchange. Happy thanksgiving squawk box starts right now. Good morning stocks pushing higher on china trade. Headlines of the day well get you up to speed straight ahead and it is one of the busiest travel days of the year and shaping up to be a bit of a nightmare thanks to some storms. And plus new preorder numbers on teslas cyber truck well show you the latest tweet from elon musk it is wednesday, november 27, 2019 and squawk box begins right now. Good morning, everybody. We are live from the Nasdaq Market site in times square. Im becky quick along with Andrew Ross Sorkin joe is off today our guest hope is barry knapp. Good to see you. Good to be here lets check out the equity futures. Right now you will see green arrows across the board even as all of the major averages closed once again at new highs yesterday. It looks like right now dow futures are indicated up 60, nasdaq up by 34. And barry, looking at this, i mean it keeps pushing higher regardless of what happens in basically any of the news. Yesterday it was helped by the retailers. I think that were in another one of these periods like when we launched qe2 o
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