Xloo a well have the stocks seeing the most buying by its own execs. You have to hear the names and you will, on this thursday, november 19, this is Worldwide Exchange. Welcome from wherever in the world that you may be watching thanks to everybody for joining us here is how you your money are setting up their day you can see futures are down across the board dow futures off about 131 points right now, nasdaq down 58. This coming off a little more selling on wednesday, major averages all lower even though recently super strong smaull caps tumbling 1 . You cant go up every day. But one thing this did go up, is the vix. Something to watch the markets may be getting more jittery, perhaps covid strikes, the election, whatever it is, just take a lack at the vix. Well off recent highs but up 5 yesterday. And julianna has a look at the early trade. Good morning. It has been a tough start for european equities. We have red across the board, every major region trading lower. And this of course follows the weak hand overfrom wall street, but it does draw contrast to what weve seen in recent trade. Yesterday 9 stokxx 600 gained about 0. 4 , but today 1 worth of losses for the german index, here in the uk, the ftse 100 as well and lets take a look at the sector breakdown because this is perhaps the most interesting feature of the mornings trade and that is that investors seem to be sell being sick selling cyclical sectors as a faster pace. Travel and leisure down 1. 8, basic resources, banks and retail on the flip side, resilience coming through in media, health care and utilitieutilities. The only sector that is trading in positive territory, so clearly the concerns about rising global case numbers and the resumption of restrictions in parts of the United States weighing on sentiment and offsetting some of the euphoria that we saw on the back of the positive vaccine news last week and then again this week all right julianna, thank you very much. And cases may be up, bullpen but we have more positive news on the Vaccine Development front, this one developed by astrazeneca and the university of ox forward. Seema mody has more on that. And the preliminary findings of a phase two trial show that the vaccine is safe and triggers a similar immune response among all adults the promising results published in the plan slancet addre z astrazeneca says that they will also have phase three trials and back in the usz, starbucks is raising hourly wages for its baristas starting december 14, shift supervisors and cafe attendants will receive a pay increase of at least 10 if they were hired before september 24th. In addition all apply estart rates will increase by at least 5 , the move is as the Restaurant Industry braces for action when bill belichijoe bid office and there are Online Installment loans and revenue grew 98 year over year while net losses fell by roughly half. The firm plans to list undeny t under the symbol afrm. Feels like the same gaeight guys that are involved in every company. Yeah, especially those founders, they are all doing really interesting things. And max particularly, he comes out with like his Second Company that he has taken public and they all came from paypal thank you very much. Now to the president ial transition president elect joe bidens team is warning the Trump Administrations delay in handing over power could be compromising the government ereh coronavirus. And alice barr has the latest. Good morning reporter good morning, brian. Yeah, nbc news is learning that behind the scenes, a small number of Trump Administration officials are starting to reach out to the biden team, but not enough to make up for the official briefings that are still being denied as the nation stares down more than 250,000 coronavirus deaths my grandfather passed, my dad died reporter and president elect joe biden met with Frontline Health care workers in a virtual round table. This is like going to war you need a commander in chief. Reporter nbc news has learned some current and former Trump Administration officials have privately reached out to the Biden Transition Team signaling they believe that he will be the next president but with President Trump still not conceding and official channels stonewalling, the president elect says he needs access to real time pandemic data and vaccine planning. Im optimistic, but we should be further along reporter President Trump remains focused on swing state legal challenges, thousand paying for a partial recount in wisconsin. One is already under way in georgia where three counties discovered thousands of uncounted ballots. Weve not found widespread voter fraud. Reporter and with new unemployment numbers coming out today and expanded benefits expiring at the end of the year, lawmakers are under mounting pressure to reach a compromise for a new covid relief bill to keep Small Businesses from falling off a financial cliff. The big problem is that lawmakers in both parties remain close to 2 trillion apart in the price tag they want to see for a new stimulus bill. Back to you. Alice barr, appreciate it all right. Now to your Morning Money and your next guest says stocks for the short term could be stuck in a tug of war between mounting waters over the growing virus cases and hope surrounding the potential vaccine. Bill stone is president and cio at Stone Investment partners and joinings notic s now. We had huge pops on the pfizer and moderna news and now we seem to be kind of in a holding pattern. Do you think the market will take sort of the breather as weve gotten great new, were not moving on the assistrazeneca new, we want to see how it all plays out with distribution and time line . Yeah, i mean i think a couple things one, im calling it lockdown 2. 0. I dont anticipate that it will be as bad as lockdown 1. 0 because they are making some changes to it, so i dont see a complete, you know, economic collapse like we saw the first time but we are in the midst of that because we have to wait until we get the vaccine. I think the second part that really shows up in the markets, because the markets always look forward, so you have seen rightly so optimistic moves in the market when we got the vaccine news but weve gotten sentiment in terms of bullish sentiment very high right now, and that tends to be an indicator that you shouldnt be as bullish at the moment so it is not like i think that things will collapse or anything, i just think that you probably can be a little more selective and look for real opportunities here as you have noted, weve had an historic value agation gap, e valuation gap has never been wider in the history of the modern stock market. It has narrowed recently in part because people have sold some tech, bought some value. And i mean maybe even things like energy or domestic small caps do you think that trend will continue i do think that there is a real opportunity there one is im just a person who believes in some sort of version to the mean. Maybe we dont go all the back, but i do think that there are some opportunities im a big fan of some of the banks at the moment, as to a longer term play, but at the end of the day, they look really cheap relative so if you get in Economic Growth to continue and obviously with the vaccine, you can see the light at the end of the tunnel finally. Didnt know when it would company before, but now we know that it is coming at least by next year. So i think that at least makes some opportunity and even some of the industrials, i think, you know, actually phrma and health care, there are cheap stocks there too. Yeah, and by the way, cheap promo, but later on we have Matthew Harrison on, you will want to hear what he has to say, that is coming up later on in the show but back to this, we look at the banks, do you have to be a believer that Interest Rates will continue to rise . Were still under 1 on the ten year do you have to believe that Interest Rates will continue to rise in order to like the banks or can they succeed even if Interest Rates get stuck here . I think that you have to believe that Interest Rates will rise over time you know, they dont have to go up today, but it will be tough for them to really get their earnings power back without some sort of rise in rates. Again, they work on the spread in a lot of things and they are making up for it in other areas at least somewhat. In the short run, they dont see a bunch of loan losses which if the economy continues to recover, then they probably wont see that either. So that is the short term boost. Longer temp boost is that if the economy continues to recover, you will see rates drift naturally higher over time and that will be a tail wind bill stone, ill leave you for a long weekend and hitting that pinball game behind you im jealous. When we come back, stocks to watch rngs inclu watch, including a home Audio Company he whose stock is up 20 . Well show it to you and facebook employees, firing back accusing the company of forcing them back into the office amid outbreak concerns. And your morning rbi, you will want to hear this one, because it shows why timing truly is everything when it comes to investing. Dow futures down about 100 lets hit your stocks to watch. First up, sonos. Blowing past analyst estimates and the stock surging more than 21 right now. Bottom line, everybody is buying stuff for their homes and sonos seeing a growth of 67 in its direct to consumer business. Even better, they did it without discounting. Retailer l brands is next, their sales jumping 55 and the shares jumping with it, un1it up 16 . Demand for hope and Hand Sanitizer helping the numbers. Victoria secret also saw higher sales in sleep and lounge wear as more people are nesting at home however total sales did falling 14 , investors clearly dont care and wrapping up the hat trick, invidia, reporting strong Third Quarter numbers with record revenue from its video game and data center units. Investors may have been expecting a little more however. Invidia down just under 2 premarket and on deck, new york city families devastated as the nations Largest School district shuts down, sends kids home. What are more than 1 million kids going to do now we have a live report coming up. Todays big nuge number, 10 trillion, the total amount of outstandinmoga dg rtgeebt in the u. S. A record high. Welcome back the sun comes up at like 9 00 a. M. , sun goes down like 1 00 p. M. These days. You know what im talking about. But times square, no one there, but the lights are at least on joe kernens rollsroyce will be pulling up there soon dropping him off. Love you, joe. Welcome back turning to that developing story out of new york city, a tragedy for many kids and families the government shutting schools and sending kids home. Katherine creag is live outside city hall with the story that broke overnight and this is terrible news for tens of thousands of new york city families reporter it really is. Because weve heard from parents and most tell us that they are frustrated, they firmly believe that the School Buildings are the safest place for their children and even though the covid Positivity Rate, the 7 day average, is at 3 , within the city School Buildings, the covid Positivity Rate is less than 1 pr and why were here at city hall, this is where a large rally will take place a little later this morning with hundreds of parents and their children gathering here and they will hand over a petition or at least get it to the marrieds office, it has 11,000 signatures on it with families saying that they want School Buildings to remain open, they believe that that dynamic of having inclassroom learning oneonone teacher and Student Learning is so important to them but this is the tragedy as you said that all of these children, about 500,000 of them who were going into their School Buildings, it ends today the big announcement came yesterday in the afternoon that School Buildings closed today, full Remote Learning is now under way. And i dont know what your kid situation is, i have a 6yearold, lit me just tell you, Remote Learning is exceptionally difficult. Parents know that there is not a lot of learning in Remote Learning lets put it that way. And at the same time. You have families that are not as lucky as we are, they are not able to have rooms and wifi and ipads. These are working families that cant go to work if their kids are not in school. This is a big economic story as well for new york city and a lot of working class families reporter and that is absolutely right from what were learning from so many families, that there is this disparity, an economic despaisparit disparity, so many parents have to go to work, they cant be there to monitor their children. And the technical devices, there are 60,000 children without the protect cal deviper technical d. So 60,000 will receive paper packets. And the department of education is saying that it is trying to get the laptops and other technical devices to children so they can to the Remote Learning, but for now, they will be getting paper packets. Do the reg but for now, they will be getting paper packets. And we want everybody to be safe, especially older teachers that may be vulnerable, maybe kids bringing it home to multigenerational families,s about as you noted, the schools have been one of the safest places while the citys Positivity Rate is up, but the school Positivity Rate is like 0. 23 . They have done their job, they have been very safe so far reporter absolutely. From what weve talked about with school administrators, the School Buildings, they have the plexiglass, they have the equipment to be safe the ppe. So that is what a lot of parents cant wrap their heads around, the Positivity Raten with the schools is less than 1 . But again, what the Teachers Union going by is the 3 threshold that the city is going by and because we reached that, that is why the School Buildings are now closed but a lot of people are asking why are the restaurants and bars still open but the School Buildings are not. Yeah, it is a good question and so many families devastated by the news. And Michael Osterholm who is one of the biden gurus said that 42 of all First Responders, nurses, police officers, have kids in a school they may not be able to their jobs now katherine creag, nbc news 4, thank you. Take care. Tough for those families out there if you are in new york city or detroit, chicago, any of those places folks, we get it and on deck, the biggest semi kconduct tor conducter maker set to build a giant factory right here in america. And the weekly inside buyer segment. Get your pencils or maybe your cnbc app ready, we have e mecongp. Th todays ways of working may work differently tomorrow. But you can work out anything with comcast business. Get fast, reliable, and secure internet on the nations largest gig speed network. Flexible tools like wifi you control. Voice solutions that connect you from anywhere. And expert advice here, here, or even here. Be fast. Be flexible. Bounce forward with comcast business. Get started with a powerful internet and voice solution for just 64. 90 a month. Plus, for a limited time, ask how to get a 500 prepaid card when you upgrade. Switch today. More good news on the face for the vaccine. Matthew harrison is standing by to break astrazenecas latest findings will get people immunized around the world. And stocks not getting a bump, the selling set to continue this morning. Futures, they are lower right now. And were pulling back the curtain, showing you which executives are buying up the most of their own companys shares these stocks have yououtperform and the names you will only get right here on Worldwide Exchange. I dont know that is that old white stripes . Who is that . All right. Maybe somebody out there knows siri, what is that song . Welcome back, good thursday morning. S on or as i call it good friday morning because im off tomorrow here is what your investments look like. Stock futures are down 124 points selling as we get more selling across the board on wednesday. Major averages were all down yesterday, even the recently super strong small caps dumb you belled a little over 1 . But lets be clear, were still off to one of the best starts to a month in decades so a little pullback not surprising and maybe even a little healthy however, watch the vix the vix despite not a lot of news yesterday, spiking 5 now closing in on this\ not exactly a high level, nothing to freak out about, but the markets are clearly getting more jittery about something, programs the covid spikes, potential for more global lockdowns, or transition in the election either way, your homework is to watch that vix lets go now around the world. Were wideed worworldwide exchr petes sakes parsing the economic data. I wanted to say parsing at 5 30 in the morning town across the board, about 1 . Hang seng in japan lower all right. Lets move on. Time now for your weekly exclusive look at insider buying what companies are seeing the most buying of their own stocks by their own executives . Data coming to us exclusively from insider score. Com, thanks to them, a