Way. What sent the cryptocurrency sit to its highest level in nearly three years. We start tonight with the story thats front and center for investors, and all of americas right now. Thats the vote counting under way in five key battleground states plus alaska eamon javers has more on where things stand at this hour. We havent really moved all day today, as all the vote counters around the country are doing their jobs biden 253, trump 214 in the race to 270 joe biden has more paths to 270 now than donald trump does, but its not over for either man lets start with arizona you can see where we stand in that state theyve been giving us new data throughout the day that is 11 electoral votes available there. Nevada was giving us data throughout the day still too close to call with 89 of the vote in in nevada georgia, another state where were seeing an interesting move by the biden camp, making a run at a historically very, very red state. 49. 5 for trump, 49. 3 for biden a difference there, look at that, a difference of 9,525 votes. That, tyler is a squeaker, with 98 of the vote in for the state of georgia and pennsylvania has given us a bit of Additional Data too close to call there. 50. 1 trump, 49. 7 for biden that difference narrowing, under 100,000 left so a tighter and tighter rate in pennsylvania that is the big one in this scenario if biden were to capture pennsylvania and the pennsylvania Authorities Say they might be finished counting tonight. If he could continue to make up that lead, this race is over absent that, the counting continuing and the drama continues in all these other states. In the commonwealth of pennsylvania i believe mr. Biden is winning 77 of the mailin ballots versus 22 or thereabouts for mr. Trump. The georgia story is fascinating. It looked nothing like this a couple days ago. It looked like it was really sewed up by mr. Trump. We saw the blue shift playing out in georgia and pennsylvania, where the mailin ballots, those tended to come in for biden, right . A lot of the mailin folks were joe biden supporters who believed in covid, trusted the u. S. Mail system the Trump Supporters were generally skeptical of covid and skeptical of the u. S. Mail system now were seeing these different buckets of votes look very different. Were seeing some frustration from the trump camp we saw joe biden urging calm, urging patience, and were seeing some trump family members expressing frustration, demanding to know where is the gop and seeing an interesting split here sean spicer on a Radio Program earlier today, the president s former press secretary, breaking with the president , disagreeing on the issued of whether theres any fraud. Sean spicer just saying he hasnt seen it, and its not right to throw out the allegations unless you have evidence the president is saying theres fraud out there, bus his supporters have not delivered specific evidence of that. Two of their lawsuits so far today have been thrown out in georgia and michigan eamon, if you hear more, i know youll ring us. You bed. Another big day, as we await a winner in the president ial race stocks brushing off all the uncertainty and rallying for a fourth straight day. It is now up 7 for the week, and get this, the s p has rallied more than 1 for four consecutive days that hasnt happened in more than 38 years. Technology the Top Performing sector today, this week followed by healthcare, telecom, consumer discretionary. So stocks are surging. Guy adami, what is the message of the market in your beautiful living room . Im going to answer that, but im going to Say Something here in the United States we dont live until the rule of a king or queen, but we have royalty in our house the next hour that comes in the form of you have, young man. Thanks for hosting tonight what is the market seeing . Steve spoke to this, i know tim has spoken to this its not necessarily the main event, its the composition of the senate i think the market is really happy with how things to that point, when there has been divided government, the stock market, tim, has generally done pretty well and better, by the way, under when its been a democrat president on average, and hes been opposed by either one house or two houses of congress that may have been skewed by the clinton years and then the obama years where the government was divided, but the stock market did well tim . Yeah, im sorry, tyler. Welcome aboard thank you. I think youre right. Theres some irony that the market, which was the trump report card is playeding a potential change here. A function of not only there had been fear of Capital Gains tax and some very big selling in the tech sector, which has had a lions share of the gain, but also Slower Growth possibly from less stimulus, from less growthoriented policies biden, if he is president elect may not have the same mandate and therefore may be tougher to grease the rails of the economy. Thats part of the explanation the weaker dollar, which is back near, again, twoplus year loun lows, was there to support all the parts of the trade that didnt work yesterday. The fed is out there today, its amazing this was kind of a, you know, a side event that didnt get a lot of attention, nor do i think the fed wanted to upstate an election process. Very important that the market has moved 10 effectively, 10. 5 on the nasdaq off those lows from thursday, in effectively four sessions. Thats some Market Participants need to think about. This has been an extraordinary move i had expected more of a pullback in the nasdaq semis broke out to fresh near highs which has on which augustered a higher market, but i would urge caution. Steve, where do we go here . Apart from what happened, it was not a particularly great night for the democrats. It looks like they were not going to get the senate, and they lost seats in the house. Right i think where you started this off was correct. The market expected a blue wave. Didnt get a blue wave so the market overshot, thinking that we were going to get the selloff intact. At tim said, you were going to get a doubling of the cap gains tax. Everyone who had the huge gains were going to sell them before the end of the year, no rhine to hold on to them. Now when you get the senate that doesnt roll blue, everyone has some time to think about what theyre going to do. Youre not going to get 10 trillion in spending from the biden camp were not talking about the Green New Deal any longer. Youre not going to get breakup of tech companies. The market is dangerously close to a triple top in the s p, but i think it was a relief rally. If you go from the relief rally to a bit longer in the tooth, i think you have to look in the senate you have two seats that the democrats are going to push for a runoff if they win both those seats, then you get a 5050 tie in the senate who breaks that tie, tyler kamala harris, so now i think the market is getting a bit ahead of itself and maybe we wont get the a50 senate, about you its something to think about. Karen, tie up this conversation for us. What is the market saying . And is this a rally that could endue . Remember when President Trump after the election four years ago, the market took off for weeks. Yeah, i think the market is say were closer to clarity, thats one thing, sort of sell the rumor, buy the news of there being noise around the election, but the other hing, as everyon else has said, is the senate what do all these stocks have in common theyve been growth or value, all of them went up. What they all have in common is corporate taxes. So, with the senate, more likely being held on to by the gop, i think that corporate taxes are the thing that drives a lot of this, because they all have that in common. That would be a big turnaround from the expectation that raye rates were going to go back to lets bring in our next guest. He says the election unknowns will begin to weigh on stocks. Mark, welcome back good to see you t hi, tyler. I feel like the substitute teacher tonight, and these guys are behaving well. It wont take long before they misbehave, but be that as it maybe. Youre more skeptical on where the market may go from here. You think the s p trade is dangerous, largecap and largecap growth explain why. I think the math is simple, right . We went down in the two weeks leading up to the election we have recovered that, which is normal standard fare the dow was a litt down was ae worse. Growth is negative, global trade is down. Spending wave is not coming. I think theres a lot of reckoning. All of the gain this year is multiple expansion, earnings are down i think you need to be very cautious about equities. Inch i see steve on, lets stip isnt that a signal that the market thinking the economy is going to be really good next ye year. Not at all. Its the when people are extrapolating those lows, and getting silly numbers. The problem is the fed model, based on Interest Rates breaks down, so i think thats a fallacy. Go to main street. There is pain on main street around this country. We have lost 15 million jobs, and probably many of them not coming back. So the idea that there will be a recovery next year no chance. I dont disagree with you, by the way. I took a ride last night going to my sons last baseball game, and i was on a corner in bloomfield, new jersey and seeing the space for rent signs all over it was absolutely a tell so the quick question is i think china is the big winner here, but do you think a President Biden is going to be pushed than you ordinarily would be this is a great insight, and theres no question that we have always needed an enemy, an adremember sear. China is the easy one right now. Ive been talking about this with the team on fast money for the last year or so. Ten years ago, we made a decision, the u. S. , to be great in social media, and we are awesome at instagram and Facebook China made a decision to be great at 5g and a. I. Thats whats going to dominate. Were seeing it all around the world. People are choosing to side with china on the 5g standard the bad news is we will end up with two internets thats less good for productivity, and less good so hating on china is going to continue youre absolutely right a red senate will push biden to be a little more hawkish than he would otherwise like to be, but i say this all the time china is playing go while we argue about setting up the checkerboard its why they have outperformed the past three, four years. You mean tiktok videos and instagram reels showing me how to shuffle dance is not going to rule the world you know, its important, tyler the last time we were together, and its been too long, and im sad, when we were on area at lunchtime two years ago, we issued the morgan over the million for charity, just like the buffett bet that bitcoin would outperform the s p. Im Still Standing by it and its got a long way to go. And a good day for bitcoin. Thanks for very manage. Tim, final thoughts here . Tyler, look, mark brought up the rest of the world, and youre starting to see a breakout in certain markets that if anything had been waiting for a breakout youve seen some of the Eastern European moves and even seen the European Market catch a bit i think the strongest growth is cupping from the u. S. , but the global marks and the breakout i think is something that investors should look at. Hey, whoa, whoa, youve got an earnings thing . No, no, finish your thought no, youve got your son 5 chance your son is watching, and hello, young man be happy you got up to the plate, you swung the bat you should have seen a curveball from a lefthander just buckle his knees. It was something else. It buckled my knees, too, way back when. We have uber, at the company as Conference Call is under way. Deirdre bosa is following the news and has more. That could make that target more different to attain. While we recognize we still have enormous opportunity for growth, were confident we can lean in and turn delivery ebitda profitable sometime next year. So, as our traders well know, adjusted ebitda is the measured profitable that uber likes to use. We did see some improvement there, but if we go the traditional route, net losses, uber has burned think 5. 8 billion this year. He is alluding here to the opportunity of food delivery amid changing habits and the pandemic, but also with the likes of doordash, and grubhub, now, on prop 22, the q a session is under way lots of questioning about prop 22 costs, of course is the california regulatory win. Hes acknowledging it will impact rates, but does not think that would impact demand. Dedreirdre, thank you. What do you think about uber, karen . I think theyre trying to do the right things i think delivery, that growth was very impressive, clearly in a pandemic situation like we have, its very hard for the more traditional uber business, but think about it the stock is not that far off from where it debuted. That was a very different world we lived in, and they have done a lot of things right. They have gotten their expenses under control, but it still is not to me a valuation where i would feel comfortable i think well get past this part i think people will start using uber again in a year or so, but to me its expensive so im an uber user, but not a shareholder. Guy, how about you . You have a major doubletopo tenchal. Guy, thanks very much were going to take a quick break. We have earnings alert peloton is in the cue, ea, square, all four stocks are on the moment after hours first, a major update on the coronavirus, as america hits a new Record Number of cases meg tirrell is standing by with the details when fast money returns. You doing okay . Yeah. This moving thing never gets any easier. Well, xfinity makes moving super easy. I can transfer my internet and tv service in about a minute. Wow, that is easy. Almost as easy as having those guys help you move. We are those guys. Thats you . The truck adds 10 pounds. In the arms. Okay. Transfer your Service Online in a few easy steps. Now thats simple, easy, awesome. Transfer your service in minutes, making moving with xfinity a breeze. Visit xfinity. Com moving today. Kell wonderful back. Hi, meg. This was a milestone that folks like dr. Fauci had been warning about since the summer yesterday we reported 103,000 daily new cases in the United States on sevenday average were up to 89,000 cases per day. Hospitalization rates are rising here in the United States is where the infections are spreading the fasters. In the red, where youre seeing more than 500 new cases per Million People, but really the spread is happening everywhere particularly in stales in the south. Now, we are starting to see, of course, lockdowns across europe as theyre seeing incredibly concerning numbers england start ago monthlong lockdown today france started one on october 30th germany starting one on november 2nd. Italy as well. This, tyler, as the United States is still behind europe and uk on per capita cases the green line is us in the United States. The trajectory were on has Health Experts extremely worried. Carlos del rio from emory saying we could hit nearly 200 now new daily cases by thanksgiving if we continue on this pace. I was trying to look at the graph there one more time. We were the greenish arrow, so not as many cases per Million People as europe exactly on a per capita basis, we are still beneath europe and the uk, but our trajectory is starting to head in their direction folks like dr. Gottlieb has been warning that were about three to four weeks behind europe. The slope of the line is steep. Tim, lets turn to whether the market is paying enough attention to the rising case count. What do you think . Its completely an anathema to what we were doing the first time through bond yields are more of the story. They started plunging really in mid to late january before the stock market did its not that bond yields have fallen out of bed to the down side and plunged, but no question what were starting to see is at least a bond market that is a lot more concerned about the trajectory here. If you look at certain cyclical sectors, you know, its hard to make the argument that the market is reacting in fact its extraordinary that the market seems tore more focus odd on the election and fed dynamics than covid. I dont think investors should take their eye too far off the ball here. What was most interesting is transportation stocks, some of the cruise lines, some of the airlines were actually rallying today, but this is not a story thats getting better, the trajecto trajectory, as you said, is not our friend. Folks, were going to take a quick break. Solar stocks are lighting up are more sunny days ahead . First, check out some of the tonights big movers well have more after we return from this short, short break welcome back, everybody, to fast money. Busy night on the earnings front. Check out the moves. Our ace Reporter Team standing by diana, you get to go first with peloton. Yeah, tyler, yet another strong beat for peloton on both eps, and fullyear guidance. They continue to see strong growth in subscribers, up 137 annually, and paid digit at subscriptions, which is the app up 382 . All that said, though, the ceo john foley started the Earnings Call on a much lower note, expressing regret over long wait times for customer service, due to supply chain problems, fires in the west as well as unexpectedly Strong Demand for the bike plus. It pains us. Wait times have been unacceptably long. To address that, he listed four actions. First increasing manufacturing, then invests competent dieted ships, including air shippings. Increasing the Member Support team, then giving future members complete transparency on the website that delivery times may be longer than they might expect thats likely why the stock is trading lower after hours. Diana, thank you very much. Guy, lets turn to you ive heard friends tell me theyve waited three, four months to get a peloton. I guess my question is, are pelotons best growth days be hind it . Yes, but churn rae was below 0. 9 the revenue beat was tremendous. Eps beat is tremendous th