Of december and november was a very strong month for stocks, even though you did see some declines on black friday youre looking at the best returns we saw since june for all of the major averages. Last week again, you did see some big gains too right now the dow, s p and nasdaq are still less than 1 to 2 of the intraday highs with these gains, youll see them challenging that as tom mentioned. Although, i also remember last the first trading day of december last year. Not quite as much fun. I still have some night mares about that. Would not be the only one with scars leftover from that. I think the dow was down 15 at one point in december last year we were having a great year. Markets were up, not up like they are this year. Bottomed on christmas eve, december 24th and saw things take off from there. Its been a very strong year. Will a santa claus rally power the s p 500 and dow to their best year in a generation . Could happen. Were up a lot. What will that take to get there, 5 . Probably. But youre getting up in the 3s there, arent you . Which you probably wrnd around, 94, 95, 96 three years of plus add that up. Things double. Whats the rule of 72, 72 divided by 30 basically 2. Yeah. Like two years things double in two years. Most of it is earnings driven as well. Theres some multiple expansion. But a lot of Earnings Growth. Its a goldie locks low rates. Low unemployment no inflation not much still a lot shaking of recession. Well look at jobs this friday with the jobs report coming out but is expected to show more strength and the consumer. Its been a strong consumer and just like this Holiday Weekend continues to be. We should have a pretty decent Holiday Season. These are big gains i think where are we, 3180 or something. Where are we on the s p. 3140. The record is 3150 and change. But you know, were supposed to be at were indicated up by 13 points this morning. You saw the ten year higher yields 185. President trump just tweeting couple thing. This is one of the things he said, brazil and argentina presiding other a massive devaluation of their currencies which is not good for our farmers. However, therefore effective immediatelily restore the tariffs on all steel and aluminum that is shipped into the u. S. From those countries. The Federal Reserve should like wise act so to the countries of which there are many no longer take advantage of our strong dollar of further devaluing their currencies makes it hard for our manufacturers and farmers to fairly export their goods. Lower rates. And loosen youre rooting for higher rates to show us that were we have an improving economy. Yep 185. He tweeted Something Else which was kind of you dont see President Trump quoting Chris Wallace very often, but he did this morning in a positive Chris Wallace, something that played into the president s hand instead of against president s hand hes tweeting Chris Wallace. Thats not always in a positive way. Black friday shoppers spent less time in stores. More time shopping online this year we cant travel online, can we cant travel online. Thats always going to be an issue, weather. Right. You can wait an extra day if youre something you order online doesnt come, but you dont have to go to the stores, do you one of the interesting thing with the stores, look what theyre doing with buy online pickup in store and the other thing that companies are doing, theyre offering coupons now to come back later in the month if you spend a certain amount. They need a whole new staff that doesnt wait on customers grabbing stuff to shop for people. It creates problems for a lot of these companies for walmart, they have the fulfillment people going through but theyre kind of taking stuff off the shelves that the guy who runs the store wants on the shelves for those reasons. They report through to different lines. Online sale strength isnt always strength for stores. Right. Today is cyber monday. You can bring more traffic coming through. Courtney knows about this its cyber monday, courtney. Youre at a have they asked you to push anything around and grab some stuff off the shelves yet . Youre in bethlehem at a Fulfillment Center i dont think i can it looks like everything at me is random but its done very purposefully youll see cat food next to a frozen toy and thats done on purpose. Im not allowed to touch anything because ill screw up the system, but this is just one of walmarts six fulfillment campuses around the country thats going to be fulfilling those online orders today on this cyber monday. And also potentially some of the orders from over the weekend still coming in. Today the National Retail federation thinks 69 million americans will shop. Even though we set records on black friday, today is expected to a record day online with sales up 19 hitting 9. 4 billion. If that happens here in this country, well be the biggest day of the year and the biggest day ever in the United States for Online Shopping. But just like black friday, the timing has sort of shifted for cyber monday remember in the older days you didnt necessarily have high Speed Internet at home or computer that had access to it and you shopped once you got to work for cyber monday so the peaks were in the morning or midday around lunch, not anymore. Today the peak is expected for cyber monday, peak volume to happen much later tonight between 7 and 11 00 p. M. Pacific time that is a big difference that has been happening over the years, too, even with the Online Shopping now, deliver is a company that helps Third Party Merchants fulfill their orders so they work with merchants on walmart. Com, ebay, shopify and said on black friday that their average daily volume was up 3. 7 times compared to a normal recent friday and that was higher than last black friday when their volume was three times as heavy so well see if that continues for the Third Party Merchants on some of these platforms here today. In store getting preliminary results. Shopper track says that thanksgiving traffic in store was up 2 but that black friday in store traffic was down about 6 , so that evens out to down 3 over those two days at least the preliminary numbers were showing like we said Record Online so so far still shaping up to be a strong season and we got a big day ahead. Back over to you guys. Courtney, one quick question for you. If the prime is expected to be 7 to 11 00 p. M. Pacific time, thats aftermidnight east coast time so do those sales even count for cyber monday sales or do they get kicked to the next day . Thats a good question. I think that they do count because i think it depends actually on where that person was in the time zone that theyre in and how that counts but even i looked at that time too i thought 7 to 11 pacific time, what does that mean for eastern time and actually last year and then even on prime day, we did see actually some pretty high spikes around that 10 00 p. M. Eastern time so once the kids are in bed, dishes are done, you crawl into bed, you have your phone and you order that one last thing. So, we actually did see that similar pattern even on a prime day this past year i dare you to turn around and touch something. Come on. Do it. Touch it switch it around. I dont want to do it. Just touch it. Move the labels do something. Just touch it you did it you did it well done. Reporter i did it. Breaking the law. Thanks. Breaking the law. Block chain they cant tell you to not do it courtney, great to see you and check in later. Thanks. You, too. Joining us to talk more about cyber monday and how the Holiday Shopping weekend went, the ceo of tellsy Advisory Group bhach did you think . I thought it went pretty well walmart did it right after halloween and saw a lot of others like that, too. Now its considered a fiveday weekend not just a twoday weekend or a threeday weekend and you still have a long way to go so its an on track weekend so far. Black friday companies are opening on thanksgiving day opening at 5 00 p. M. To 1 00 a. M. And coming back on black friday it was slow friday morning it picked up in the afternoon. Luckily this weather on in the northeast didnt happen until yesterday plus we needed saturday also. Although, a lot of the country did get hit over the weekend. Did that affect places like minnesota or yes. Some of the other great plain states. Except. It hit some of the west coast also so youre going to see some of that impact. But they can order online, too and what you mentioned about the stores before, fulfilling orders is part of it. They will right size in the terms of the way they are. The size of the store the size of the store may not how much is going to be for fulfillment, how much will be for showing goods. Its all going to look different in a couple years just like the patterns of shopping are different today. Who are the big winners would you say at this point in the Holiday Season best buy big winner walmart and target big winner. It was all the big box players dicks sports goods a big winner. I heard lulu lemon was a winner this Holiday Season. Big box off price also won i think the Department Stores are still a little slower. Dana, the total sales for today are expected to be around about 9 billion, 10 billion. When you compare to alibabas singles day its a drop in the bucket. Right. So where does this end . Does this just keep going in the u. S. More and more online sales . Does retail just collapse for these types of goods to effectively nothing excluding luxury and jewelry and high fashion . Convenience and ease matter but something to be said for tradition and experience of it. The smell. Well, some of it. Bathrooms. Consumers doing with this with their kids together with families its an entertainment and sport. So i think youre always going to have Something Like it. Theyre all mixed together. Sometimes people hustle and bustle and makeup counter not at the makeup counter, walk by the makeup. I have people do that for you. You getting used to that talking about makeup and stuff with your buddies. Its a little weird. I dont mention it actually yeah. You got some on today. Even though, i would argue that come in here without anything fragrance is one of the top categories better get used to it. Tom never show your tells like that. Now you just relegated yourself to hours and hours of makeup jokes. Im blushing but you cant see because im caked in an inch of makeup. Thats one of your stories. Good you do realize hes hunting probing one of the things i find interesting is you look at some of the Luxury Brands and theyre instore traffic is increasing but yet Everything Else we see is how instore is going away. It feels like in the future thats what store traffic is. That experience and look what companies are doing for experiences. I was in bloomingdales last night and all of a sudden they have different areas where you can take a picture with something or every single floor theres something that should attract a customer there and some is through the food that companies are doing youre seeing singers. Youre seeing entertainment. Look at some of the active stores they have batting cages in order to play baseball so, its a new world out there in terms of how you have to marry the activity of buying with the activity of doing dana, thank you great to see you. Thank you. One more quick question. Sure. What overall percentage of sales are online sales at this point . Watching it creep up every year. It could be near 13 of sales. Wow. Yeah. Its moving certainly higher. Dana, thanks a lot. Thank you good to see you, too. President tweeting one minute ago u. S. Markets are up as much as 21 since the announcement of tariffs on march 1, 2018. The u. S. Is taking in massive amounts of money and giving some to our farmer bhos have been targeted by china. Coming up, we will get you ready for the final trading month of the year. That would be december is it december it is december 2nd. Thus is my watch only 30 days in november so it gets messed up we can put a man on the moon supposedly after last years december south, that 8. 7 drop for the dow, what can you expect this year doesnt look like it so far. Good start to the month if we were to hold these gains up 108 on the dow. The s p indicated up 11. The nasdaq a solid 27. 5 points 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, everybody. Some positive Economic Data out of china manufacturing numbers surprising investors coming in stronger than expected. You look right now and see the nikkei closed up by just over 1 there were also gains for the shanghai composite and the hang seng eunice yoon is in beijing and joins us right now eunice, whats going on . Thanks so much, becky it was the november pmi data and it beat expectations this was for the private index, which tracks Business Conditions for small and mediumsized companies. And the number came in at 51. 8, which showed manufacturing expanding at its fastest pace in three years. So this number came after the official number, which tracks a large manufacturers and released over the weekend also showed a recovery thats because of a rebound in output in new orders. The nonmanufacturing pmi also jumped from an eightmonth loeld to an eight month high all of the stronger data could potentially give some more confidence to the chinese negotiators to believe that they might have the time to continue to wait for better terms for a trade deal in the state press today yet again, there was no wavering at all in beijings position, especially when it comes to tariffs. The communist party paper the global times quoted a former chinese official for the phase 1 trade deal having the u. S. Roll back tariffs is a must also today the Foreign Ministry announced countermeasures against the u. S. For its support of the hong kong human rights bill the Foreign Ministry said as of today china will suspend port calls for the u. S. Navy and sanction several u. S. Based ngos for, quote, supporting what it described as extremist, violent activities in hong kong. So china isnt still still isnt linking the hong kong situation to the trade talks, but you can imagine that the tensions arent really helping the discussions between the u. S. And china. Yeah. Were watching that, eunice, obviously. Initially once you signed it, i thought uhoh. But the reason the markets handled it so well was because there was sort of the body language that we still were not going to let this affect us. Didnt really mean it. We want a deal. Maybe china does need a deal maybe people like cramer and others that point that out that maybe there is something even though trump it was a vetoproof majority that we had in the house and the senate. So it wasnt going to matter any way. So china i think knows that and maybe thats part of it, too but well see. Yeah. I think that a lot of people here, joe, did understand that, that even if President Trump were to veto it, that it was going to go through any way. So when i was talking to people here, they said, oh, hes probably not going to do much. Hes just going to let it pass but, they have been reading his body language. Yeah. But even so, the chinese, they want to have a trade deal its just the terms. Thats whats really important and so, you know, were just seeing it over and over again in the staid media and discussions that they really want to have tariffs lifted and one official, this is the same thing we heard, it doesnt matter how or when its lifted, in phases or all at once, but at the end of the day its a face issue. They want to make sure there are tariffs lifted in order to make sure they can market back home that china got Something Back out of this as well. Eunice, thank you we could talk longer still orlando is dog gone bullish im afraid to read this. Im not afraid made me feel good. The hair on the back of my neck is like wow this is the greatest times this is like youre describing goldie locks. We have a lot to be thankful for. I got misty when i read that its true for thanksgiving labor market hasnt been this robust many in a half a century. Suddenly wage growth the pace has doubled over the last decade. Stock markets more than quadrupled since the bottom of the Great Recession, longest expansion 126 months no recession on horizon, no inflation, 11 decline in gas prices anything worrying you . That worries me that nothing is worrying you. Well, its all good we just talked about is china going to happen . When i was on two months ago we thought that the october 10th meeting was going to go well and the apec summit would be the closing deal. Oops. That got cancelled. Now were struggling to find out when is this thing going to be signed so you have the nato summit in london this week does it happen this week i dont know thats interesting. You have this december 15th is the next date at which the next level of tariffs are going up im hoping that we can get some cooling of emotions ahead of that but thats the one fly in the o ointment, joe. Yeah. Are we able to consummate the skinny phase 1 deal . What about weak Manufacturing Trends the fly in the ointment. Joe read the rest of the note on camera, theres been this dichotomy between strong consumer, weak manufacturer. We look at the weak manufacturing, were identifying three sources. This on going trade and tariff problem with china the gm strike and the boeing situation. The gm strike has been settled were hoping