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 MinisterBoris 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 LargestInternational 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