Bitcoin once again now a major u. S. Asset manager taking a closer look. And a brick and mortar bust. New black friday data could signal a major win for amazon, target and walmart its monday, november 30th, 2020, and youre watching Worldwide Exchange on cnbc good morning, everyone hope you had a wonderful Holiday Weekend. Im seema mody in for Brian Sullivan stock futures right now on this monday a somewhat mixed open the s p lower by 12. Dow jones lower by 153 and the nasdaq turning negative down just about two points. This coming amid whats been a record month for november. The dow is up 12. 8 . The s p 500 talking with the dow on track for its best month since january of 1987. The s p and nasdaq both coming off record closes friday and up more than 11 this month on track for their best month since april. But the s p 500, this isnt the first time weve seen a record on track for his 26th record close this year. The nasdaq at 45 as hopes for a vaccine continue to grow but lets not keep the small caps out the russell 2,000. Yep, another record close on friday and up more than 20 just this month on pace for its best month on record actually going back to 1984 so the gains have really been wide based on that news, though, one story certainly catching the attention of investors this morning is a developing stroir out of china the Trump Administration is getting ready to add chinas top chip maker, smic and offshore oil and gas producer to a black list of alleged Chinese Military companies to limit their access to u. S. Investor and escalate white house tensions with beijing just weeks before the Biden Administration takes over. Seeing how this news all played out in asia overnight, lets take a check here we are. Shanghai composite down by half a percent. Japanese nikkei had a strong november as well slightly lower by 1 . Turning our attention to europe, 2. 5 hours left in trade there and you can see a mixed rate but germany and france, germany and the uk are trading in positive territory up just fractionally on the day now to this mornings top corporate stories including promising news on the vaccine front. Frank holland is here with the details. Frank, good morning. Thanks a lot, seema set to approve the Covid Vaccine within days they say the first injections there could come as soon as next week. They have an advisory meeting scheduled for next thursday and the shipments shortly after an announcement from the u. S. Regulator. Two high profile ipos, door dash expected to begin its road show with reports saying it will target 25 billion to 28 billion valuation. Airbnb set to launch its road show tomorrow with valuation expected around 30 beiillion to3 billion. The health of pension funds. Survey looked at 158 plans across 17 countries managing a total of 2 trillion in assets the report found 9 out of 10 pounds participating among the reasons sited, the financial effects of the pandemic and ultra low interest rates. Seema, back over to you. Very interesting there. Frank, thank you. Back to the markets we go. The dow trying to cap off its best month since 1987. Our next guest says the rotation from momentum to value well it should keep playing out. Joining me now is ceo and cnbc contributor. Jeff, good morning tell us why you think this pivot from technology to more cyclical sectors will continue to play out. Good morning, seema yes, we continue to see the rotation you brought up the small kaps and what a phenomenal month they had. Look at some of the names like boeing or Berkshire Hathaway you see names like that that have really been laggards. I know the bigger narrative has always been growth to value. But you are seeing a rotation out of growth. You are seeing profit taking by no means are we walking away from the tech sector interesting to see salesforce and that software component. But the tech sector will track assets in 2021 but only prudent for Financial Advisers to book some profits and broaden their exposure to your point but whats interesting is that you are seeing some of these names, these blue chip names always been around in the part of the portfolio fallen out of favor. Look like waste management, some of these names that dont attract assets youre seeing the rotation and saw a huge, Huge Hedge Fund out of korea over the weekend book some profits and reduce their exposure to technology i get excited about owning some of the blue chip names in 2021 on top we want to own them in equal weighted manner. Equal weighted will come back in vogue. Thats a longerterm play. Sizing up the gains in november, best performing Sector Energy right in your wheelhouse, up about 34 in november im curious, major catalyst is this a sector investor, should start to look to given the not just the outperformance in november but obviously follows a pretty down beat year for energy and oil prices. Well, energy still the worst sector in the s p 500. But to your point and even on our sector rotation model, all technicals we owned in the month of november. It was tethered to 40 look at wti, tethered to 40for quite some time and now we see demand its really component or tail wind of the vaccine news we continue to get great vaccine news and every week we look at the demand potentially for oil and focussed on the demand out of asia. Crude oil, theres a light at the end of the tunnel in conjunction with the u. S. Dollar weakening. The u. S. Dollar go under 92. But energy have not wanted to own it all year long but the month of november has been quite rewarding. December, jeff, traditionally a positive month for stocks going back to 1985 but, the news around a vaccine, do you think all of that is priced into this stock market . I dont think it is to be honest with you. The fed continues to articulate their message of a riskon environment. I think a lot of people will be breaking out their christmas list early and buying names they want to hold for 2021. Look at the 10 year note back under 85 bases points. This riskon environment may not feel great up here in the s p 500 above 3,600, but the fed is telling you to take risk yeah. That is part of the narrative from those latest fed meeting minutes. Jeff, always a pleasure. And we turn to washington, d. C. Now and whats likely going to be a very busy day for the incoming Biden Administration president elect joe biden expected to meet with white house coordinator, dr. Deborah birx good morning, tracie potts. Good morning. Hes doing it in a boot. The president elect twisted his ankle while playing with his dog over the weekend the doctor said hes got some hairline fractures he is starting these two very important meetings hobbling around a little bit. We have big Economic News expected to happen this week reporter president elect biden and Vice President elect harris get their first president ial daily brief today and, their Coronavirus Team meets this week for the first time with the White House Task force as Health Experts worry about the impact of thanksgiving travel we expect unfortunately as we go for the next couple of weeks into december that we might see a surge superimposed upon that surge that were already in. Three, four and ten times as much disease across the country. Reporter scientists warn travelers to isolate and get tested drug makers are expected to apply for emergency vaccine approval in the next three weeks. Sources tell nbc the first doses have already arrived in chicago. Cdc advisers vote tomorrow on who gets it first. Im a doctor. When they tell me i can get a vaccine, i will be first in line. Reporter Congress Returns this week with little progress on a coronavirus stimulus. It has the money thats needed to distribute the vaccines. We need to do this. We need to do this now. Reporter and as President Trump continues to complain about failed election lawsuits well, were trying to put the evidence in and the judges wont allow us to do it. Reporter president elect biden named an historic allfemale Communications Team and is expected to announce his Economic Team this week. Which could include another first, former Federal Reserve chair janet yellen as treasury secretary. Those are what sources had been telling nbc. That announcement official some time this week. Very interesting indeed not only janet yellen but the talk of Jared Bernstein as well. Tracie, thanks for bringing us the latest from d. C. Tracie potts when we come back, watching oil ahead of the key opec policy decision meeting what investors can expect coming up. Plus, bouncing back. Details behind bitcoins latest move back into record high territory. Later a recordbreaking black friday mainstream to gain access to the lucrative market a very busy hour ahead when Worldwide Exchange returns announcer cyber monday has arrived, so get iphone 12 on the 5g americas been waiting for. This new iphone plus verizon 5g is incredible. announcer unlimited plans start at just 35, and now iphone 12 pro max is on us when you switch. This is 5g from americas most reliable network. [whats this . ] oh, are we kicking karly out . We live with at t. It was a lapse in judgment. At t, we called this house meeting because you advertise gigspeed internet, but we cant sign up for that here. Yeah, but im just like warming up to those speeds. Youve lived here two years. The personal attacks arent helping, karly. Dont you have like a hot pilates class to get to or something . [ muffled scream ] stop living with at t. Xfinity can deliver gig to the most homes. Welcome back oil prices under pressure weighing whether or not to extend its record supply cut agreed to earlier this year amid the pandemic or move forward with 2 million barrel boost set to take effect today dan, over to you reporter as you know, Oil Prices Falling right now on reports of disunity among the opec group as we come into this critical twoday opec meeting. As you flagged, these ministers were meant to increase output by 2 Million Barrels per day in january. They looked at the new lockdowns across the uk and europe and of course the virus trajectory in the United States and they said that adding oil to this market right now might be too much too soon so, the conversation within the group over the next two days is going to be around whether or not to extend the current production curbs and for how long well see an extension between two and three months so far. But as we often see there is some disunity among these ministers. You have players like iraq, for example, saying this one size fits all approach to Oil Market Management isnt working for us anymore. Then you also have players like iran and venezuela say we dont know what oil output is going to look like under a biden presidency for us. We need more time. Then you have key players within the opec like russia suggesting they would like to see oil output gradually increasing from january onwards. Then you throw in in the United Arab Emirates say theyre still undecided and flagging the possibility of leaving the opec group if they dont get their way. So clearly some tough conversations to be had over the next couple of days. And analysts that weve been speaking to over the past few hours have said that clearly negotiations arent going in the right direction as this meeting gets under way the market could also be on track for a disappointment given the fact that weve seen prices rising for four consecutive weeks now. It seems like traders have certainly been pricing in the possibility of extension to this output deal. If we dont see that happening, we could see oil sinking back towards the low 40s. Back over to you, seema. Dan murphy in dubai thank you. For more on what to expect from the upcoming opec meeting, were joined by managing director for Energy Research at truist securities. Neil, good morning to you. Four consecutive weeks of gains for oil in the last in the month of november. What does that tell us about what the street, what investors are expecting opec to do. Good morning. What investors are expecting is really twofold one, analyst just said earlier, i think just on the supply side they were expecting some cuts at these meetings either today or tomorrow you know, right now you have 7. 7 Million Barrels voluntarily cut by opec. Its almost 10 of demand. So i think theyre either counting on one, this extension or kick down the road at least majority of that and number two, with the vaccines we heard about in the last few weeks, i think the thought is that the demand is going to come back sooner than expected so we really have to see these two things both the supply side of opec plus with the voluntary cuts but also the demand coming back and i think the market is starting to price in both to a degree is there a chance that opec leaders are not wanting to make a decision right now because theyre still unsure what Bidens Administration will look like, who he will pick as Energy Secretary which could play a big role in the role that the u. S. Plays Going Forward in Energy Demand and, you know, continuing the imports and exporting of gas and other commodities . Absolutely, seema thats a good point. You heard about Different Things on federal acreage, the International Oil companies could find themselves at a slight advantage from a pricing aspect maybe i do wait if im some of them again, these u. S. Companies we have seen a lot of capital discipline, but they could be forced to have even more capital discipline if lets say on federal acreage either offshore or somewhere on shore you have additional cost placed on you. It will make it more challenging for some of these u. S. Producers. It might be beneficial for some internationals to wait and see what kind of policies that the administration and cost the Biden Administration places on them. Top pick in the Energy Sector in terms of gas and Oil Producers . Right now for oil Conoco Phillips they just about to wrap up really their deal i think theyre in the drivers seat again, they can flex their operation as needed depending on pricing. Balance sheet great. Production great thats number one. Number two, Eog Resources both these companies to me have tremendous acreage in whats key for both is they can make money all the way down to the low 30s, high 20s a lot of other enps cannot make a profit last topic the assassination of a Top Nuclear Scientist in iran and the prospect of retaliation, how are you squaring that news and what it could mean for energy . Well, you know, that was kind of a key coming in with Biden Administration of how the policy and what theyre going to do or how friendly to that again, iran could certainly bring more Oil Production as suggested they bring more Oil Production back online so, again, if you have tighter policy against those two, maybe the one affect on oil could be continued scrutiny on those two which would limit what they can produce. So a net benefit for pricing overall. Yeah. Certainly going to watch how iran responds in the meantime. Neil, thank you for joining us today. Thanks, seema. Still on deck, much more on the renewed u. S. China tensions putting the markets win streak in jeopardy. A live report from beijing when Worldwide Exchange returns dont go away. Announcer todays big number 62 million thats how many households watched netflixs the Queens Gambit in the first 28 days the show was available that makes it the streaming services most popular limited scripted series ever should auld acquaintance be forgot and never brought to mind should auld acquaintance be forgot and Auld Lang Syne well take a cup of kindness yet for Auld Lang Syne next customer please. Global stocks closing in on their best month ever but the futures right now pointing to a negative open. Dow jones down 159 nasdaq off by 3. The dow laggards, theyre the bigger names, multinationals chevron, jp morgan and goldman sachs. Financials right now as you can see jp morgan down by 1 . Coming up, new tensions between the u. S. And china were going to head live to beijing for the latest plus, this is supposed to be the most wonderful time of the year for retail. But will the pandemic continue to pressure consumers from spending early numbers on Holiday Shopping weve got that for you worldwide exchaeilrern twong wl tu for skin that never holds you back dont settle for silver 1 for diabetic dry skin 1 for psoriasis symptom relief and 1 for eczema symptom relief gold bond champion your skin calling it the Stranger Things rally stocks are about to do the first thing since 1987 with futures pointing to a lower open. China on notice. New tensions between the u. S. And beijing as President Trump looks to give his chief trade rival a parting gift. Bracing for cyber monday how main street is looking to get on the recordbreaking ecommerce action its monday, november 30th, 2020 youre watching Worldwide Exchan