Michael oleary has to say about that and new numbers from the change Research Survey on the american electorate right now. It is tuesday, november 24th, and this issed Worldwide Exchange right here on cnbc god bless you please mrs. Robinson Heaven Holding a place for those who pray hey hey hey good morning, good afternoon or good evening and welcome from wherever in the world that you may be watching. Maybe i should say whenever in the world given the time zones im Brian Sullivan it is looking like another strong day for stocks. Futures are up big, do y dow fus up 275, nasdaq up 47 obviously the market has a lot of momentum and new money coming in behind it you have more vaccine you news, it will tend do that when you are talking about saving humanity and on top of the vaccine maker, watch shares muof regeneron, th government starting to distribute its antibody treatment to american hospitals today starting with more than 30,000 courses very good news as hospitalizations in many states have been on the rise. Now, in the markets lately, the market star continues to be small caps this should not be a you are surprise to you, loyal viewer. Weve had guests pounding the table on small caps for months russell 2000 now up nearly 20 this month and hitting a new alltime high yesterday. We have a pretty cool stat coming ina bit later. And the European Markets have be been on fuego. And spain topping the European Markets. The ewp that mirrors the spanish indek is up 26 this month. Look at spain. Usaustria by the way number twof you care and sticking with europe, we have a lot of momentum, a lot of green on the screen except i think that is switzerland and denmark, or markets that are down overnight action in asia, again, more gains you see the trend. Stocks in china coming off nearly five year highs, hang seng and nikkei are up but this morning all the attention has to be on president elect joe biden, President Trump griffing the Incoming Administration the green light to begin the transition process but stopping short of fully conceding the election all this as Team Biden Pushes forward with its own cabinet picks, and among the big names, former Federal Reserve chair janet yellen to treasury tracie potts is joining us now with more on a pick that the market seems to love reporter absolutely because shes seen as sort of not too hard, not too soft, but right there in the middle when it comes to dealing with wall street and the banking industry, liked by both conservatives and progressives as well so we expect to get that announcement along with others later today. President trump though saying that he is not completely giving up, not conceding even though his administrations giving the transition the green light, the pentagon saying that they are already reaching out to the Biden Harris Team to coordinate. Ascertainment, determining an apparent president ial winner, opens the door to more than 7 million in Government Funds for the biden transition and allows them he to coordinate with the federal government General Services director emily murphy insists that her delayed decision was not political and while President Trump said for the first time he will direct federal employees to comply, he added that legal challenges are moving full speed ahead and he will never concede. The election was stolen and President Trump won by a land slide. Reporter president elect appearing with newly announced cabinet nominees he makes history with two never before held by women, former Federal Reserve chair janet yellen as treasury secretary, and haines as director of national intelligence. And plus the first imgrant and latino to serve as homeland secretary. He is saying were back, this is our ateam. Reporter and more nominations expected today linda thomas green field as ambassador to the united nations, Jake Sullivan as National Security adviser. Long time Foreign Policy adviser tony blinken as secretary of state. And former secretary of state john kerry as special envoy on climate. A as you know, a lot of those folks worked in the Obama Administration absolutely. I mean, i guess from our point of view in our job, it will be easy to remember a lot of the names because we said them so much four yearing ina ago. Members of the president s party ramping up calls to simply give up, surrender the legal fight. Reporter yeah, they are definitely turning up the pressure so the tone from the Republican Party not only now to work with the transition but to just really sort of back off these legal challenges that seem to be failing, the recounts that so far have not changed the game at all. We heard from pat toomey from pennsylvania saying that the president in his opinion has exhausted all legal possibilities at this point. Tracie potts in d. C. And we appreciate it. And now back to the markets and your money joining us is jason snipe at Odyssey Capital advisers also a newly minted cnbc contributor. Jason, congrats. Good to see you again. There is a lot to talk about because a lot of people talk about this sort of goldie lox scenario that we have. And we know what were going through with covid we understand a lot of people are suffering. But were talking about looking ahead to 2021 and even past it in 2022 with a lot of momentum behind us as we come out of this, specifically what are you and your team looking at the most, what matters the most to you economically and for the markets . Good to be with you, brian. So what i will say, which is interesting coming off again another vaccine monday, a lot of great news, astrazenecas efficacy and obviously the reagar regeneron therapeutic news and covid cases still surging, but what focused on yesterday, which was very encouraging news is the pm ichlts numbers pmi was up 7 from last month, you have a 22 from this time last year. And the highest it has been in the last six years so that is very encouraging news from a manufacturing standpoint. And position serving as a catalyst for some of the industrial names that we had really started to lever over the last couple weeks. Names likwhom honeywell is a name we like a lot. We almost look at honeywell as a Technology Company that serves the industrial space, you know, they have really done well over the last month, up 15 , where the sector is up about 7 . And when i think about investors starting to lever to the infrastructure space and industrial space, i look at Large Cap Companies like a ho y honeywell that will stand to benefit from that transition in allocation so honeywell is one that weve added recently and we think will benefit from the capex spend, you know, continuing the caller d cam lender to 2021 and it sounds like you are expecting a new round of business spending. Lender to 2021 and it sounds like you are expecting a new round of business spending. There are concerns about the tax code and advanced depreciation and things like that, but do you think that well see a new sort of industrial spending revolution, re revolution if you will i do think there is pent up demand there and the overhang of the fiscal package, i do think that will happen in the first 100 days i think it will be a strong catalyst for that type of spend. And looking at corporations and i do think that there is pent up demand there and i think companies will look to how that happens and how it unravels over the next several months so yeah absolutely, were bullish on that and i think that there will be some demand there. And im trying to be optimistic and i have been on twitter and nobody cares, but if they do, ive been talking about the roaring 22s and i think that there will be a lot of axcceleration back half of next year, into 2022 a lot of wall Street Research seems to agree with that or maybe i agree with it. Ive already booked like ten flights for the second half of next year. Do you think well see this sort of consumerled party . Absolutely. I do think that there is one of our other picks is Southwest Airlines a lot of the airlines have obviously struggled dramatically during this crisis when i look at southwest and i see how they are levered on the domestic and which i think is the first part of travel that will come back and clearly, yes, i think Business Travel will take some time to come back. I dont think that it is going away in a major way. I mean, it will be diminished to a certain degree, but i do think that the airliners are a good place to be and there is the pebts pent up demand there particularly on the discretionary side so an important place to add capital in your portfolios to make sure that you are getting exposure there for sure. Youre a philadelphia guy, right . Well, originally a new york guy, but im in philly now okay, we wont hold the new york thing against you ill see you at terminal d getting to know it a lot lately. Appreciate it. You have a great day honeywell and southwest some of his picks. Likewise. A lot to do. When we come back, new comments from ryan air ceo over the uks new travel restrictions. Plus why Raymond James ed mills says the janet yellen pick could super charge the recovery. And later, we always like to hear from you, so we asked, what are four different investments l. Make y will make you the most money over the next six months your maybe surprising answer coming up. vo verizon 5g is here. With the coverage of 5g nationwide. And, in more and more cities, the unprecedented performance of ultra wideband. This is the 5g americas been waiting for. Only from verizon. 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. You can see the Airline Stocks popping again monday, the premarket as well where do you want to go . Maybe youve already flown ive booked flights for next year, but id love to know where everybody wants to go. The always outspoken ceo of ryan air is out with his thoughts on the uk restrictions. Michael oleary calls the system not very well thought out adding that it is a fig leaf that doesnt work, it is not enforceable, people dont comply the uk recently announced that it was reducing its quarantine period for people arriving from most destinations from 14 days to just five oleary adds that having people get tested before they travel to the uk would be a much better system in the last few days, millions of americans have jumped on a plane heading out to see family for thanksgiving according to the tsa, another million passengers took to the skies on sunday. And that is the highest level weve seen 1,047,943 since plrepandemic. And that topped the number we had two weeks ago. For more on the Holiday Travel season, were joined by James Ferrari of intella travel good to have you back on your industry is not in a recession, it is in a depression hospitality has been leveled are you able through your network to sort of gauge where interest may be now, and if it is, where are we sure. Good morning, brian. Ive looked at over 50,000 transactions, looked at a lot of research 2020 continues to surprise you would think that we would be down terrifically at this time of year, especially k3wi67b the cdcs most recent advisory and yet if ive learned anything this year, it is that people will find a way to travel. So you brought up the tsa numbers. Were seeing full flights, busy resorts and full activities and attracti attractions. So people are out there traveling. Were not the recommending it, were not promoting travel for this time. We really i prefer people wait until it is safe to travel. But there is a human need especially around thanksgiving and that is clear from what were seeing and listen, not to get into these details, a lot of people are suffering with depression, anxiety, feeling shut in and maybe seeing family if done safely will rejuvenate their souls. But people listen, were c in, we have a High Net Worth audience and there is an ability there for what you call bubble travel, people that are able to because they have the financial means to do it, basically isolate even while traveling. Private planes, private home, private boat thats right. People are traveling, it is the trend that were seeing. Traveling with the group that they are living with so no crossing family lines. Not a lot of the things that the cdc has been concerned about and they are doing things like chartering private yachts. Even private cars on trains. Ive seen requests for full floors at hotels buyouts at restaurants, private jets weve seen a spike in all of that kind of travel. But there are other big differences too this year versus typical Holiday Season a Holiday Season is one of the times of year where we see our busiest travel business, and weve got major differences this year people love sort of the glamorous new years eve on a cruise ship for just the sun and fun. And that entire third of the marketplace is missing this year there wont be any cruising from the u. S. We hope to see some ships in the water in january but before then, nothing so a third of that is missing. The big cities sounds like we saw the graphic you might buy into that sort of roaring 22s idea i referenced i bought some flights because i believe if we see the demand pick up, i think airfares will sky rocket because you will have a lot of people wanting to travel but not a lot of capacity because the airlines have to take their time to get the planes you cant just take it from the desert and throw it in to philadelphia and some somebody jump on it what kind of demand are you seeing for late next year . Were seeing the early signs of that are availability issues even now late next year is the boom it is the slingshot return of the market were looking at a record year in 2021 if this all plays out. I mean, the news about the vaccine and constant good news about the vaccines that really bolstered peoples confidence, but were looking at a recordbreaking sales for next year roaring 21st or roaring 22s, whatever you want to call them, james, appreciate you coming on. Book your flights early, folks still on deck, tom lee has his own holiday rbis, coming in holtz, one that could make you some money before the new year he has nailed it on stocks and crypto what is he talking about stay tuned to find out dow futures up 280 todays big number 65. 7 billion. That is how much special Purpose Acquisition Companies have raised so far this year according to spac insider. 182 along Check Companies have gone public in 2020, more anth in the last five years combined. people greeting one another its coming in to catch up with the owner. The curated collection you cant find anywhere else. And how she sets aside those pieces she knows are so you. The small details are a big reason to come back and shop your favorite Small Businesses. We know them. We love them. So lets go shop small. With american express. At morgan stanley, a global collective of thought leaders offers investors a broader view. We see companies protecting the bottom line by putting people first. We see a bright future, still hungry for the ingenuity of those ready for the next challenge. Today, we are translating decades of experience into strategies for the road ahead. We are morgan stanley. Welcome back lets get a check on some of the mornings other top headlines including a big shakeup on one top Congressional Panel and a fan favorite hosting jeopardy. Frances rivera has those good morning. Yes, senator Dianne Feinstein is stepping down as the top democrat on the Judiciary Committee in early 2021. Progressives pressured her to step aside over her handling of the confirmation hearings of amy coney barrett. She did say that she intends to remain on the committee. New york city is mourning the loss of a mayor who broke barriers David Dinkins has died at the age of 93. In 1990, he was the citys first and only black mayor responding to a high crime rate, he raised taxes to hire thousands of police officers. He also helped revitalize times square and launched Restaurant Week and factishion week he lost in 1993. And jeopardy is set to resume production following the death of alex trebek they will begin filming again monday with ken jennings taking on the role as guest host. He will be the first of a series of interim guest hosts who will be announced at a later date and then after that, a permanent host will be announced for now still very much empty podium regardless of who fills it temporarily yeah, it certainly is, no one really to replace him, but jennings is probably a darn good choice ni pull y any pull you got, i want to be on the show. Youre on your own, my friend francis rivera, thank you very much. Ahead, the g. O. A. T. Trade. A lot of demand for travel next year dow futures demand for stocks up 290. You dont get much time for yourself. So when you do, make it count with crest prohealth. It protects the 8 areas dentists check for a healthier mouth. The 1 toothpaste brand in america. Crest. The thanksgiving week stock rally continues as tensions surrounding the president ial transition process ease. Dow futures up 300 also helping to fuel inves