Consensus, 18. 2, 18. 2. Meantime were watching the month of december and stocks heading into the premarket. A month of gains, of course, for the First Time Since the month of may. Year to date the s p up in positive territory while the russell and the dow are in the red. Interestingly, jim, down for the first time in the past ten years. Thats surprising. I would think the people trying to make contributions for the 401 k would get started. I find that someone who regularly contributed soon has to start taking out. Whoa. Whoa. Its a natural thing. So i find that to be somewhat unnerving given the fact that when are people going to put their money in . Yeah. People are going to Start Playing the yearend target game. There i love. There are a few sessions to go. I love this period because there are anointed stocks. I talked about this last night. Ive been trying to flush out my list. Youve got to own this stock. A great piece this morning by paul vogel at barclays who talked about fang and he said cramer oh, left my name out, but thats okay. He talks about will investors keep their fangs out. The answer is absolutely. This is where theyre going go. Theyre going to go to facebook, theyre going to go amazon and netflix. Otherwise theyll look like victims if they dont. Youre looking at a year thats relatively flat. I thank you who also thanks the next year was pretty good. I thought that was so interesting. I looked at how Election Year versus preElection Year. There are so many pieces of crossdata. But i love the fact that the market you can come up with a narrative that is everybodys worried that the fed is going to move, so they dont do anything. Thats your one. Your two, the fed moves and goes, okay. It wasnt that bad. Yeah. Well thats the key question, though, isnt it, as we head now four days away from the employment number on friday that conceivably will be the final piece of data they get that confirms lit go in december. Obviously thursday were going to hear from mr. Draghi and what theyre going to be doing with the ecb. Thank goodness its a little weaker. It is a little weaker. Its going to move in a different direction conceivably if they keep the reserves from the banks and get more money to the flow in europe. And i just wonder whether were downplaying the fact that the rate increase is not going have an impact. Its interesting. Autos are the ones that could impact. I keep questions is this the one that will peak. Obviously 25 basis points, you would not expect would make a difference really in a buying position but perhaps the view being that it will go from 25 to yeah, i like that. When you speak to executives offline, its a question of whether its going to be three or four. You know, maybe i deal with a lot of people in banks and they need it. So maybe theyre talking. They need it. Savers could certainly use it. Anybody on a fixed income could use it. That said, so much of Corporate America has completely changed the composition of their Balance Sheet to take advantage of the low rates that have been a part of our life for seven, eight years. I mean we know that from the bond market. Incredible years weve had year after year after year now. Maybe its over. I dont know. I know what carl said about december could certainly play out here because we do have some winners. Yeah. A lot of discussion this morning about policy divergence. B of a says it could be the First Time Since 1984 that we had a european rate hike and a rate cut. Its happened in 1994, 1997 those are all bad. 37, we got tight because a lot of people came on tv on squawk box and kept saying weve got to title in 37. No, but that was certainly the ethos. They felt the government had missed it. We could have been thrown back into something. We had a recession. Obviously, 29, not good. Look. The difference is our rates are so low that its not like were going from 4 to 7. Remember, ive gotten a little more sanguine because im not worried about china. I was very worried about china because we started looking at the chinese opening. Remember for a little while we stopped watching the Third Quarter of the nfl games, stopped worrying about block kicks and whatever happened with fantasy and we were focusing on the opening of china. Now, china turned out to be in the bull market mode. I got much less worried about china. As it is, china has pretty much stopped ordering everything. There was a bit of a rally in the asian markets as a result of the fact that there may be more stimulus measures. They certainly have a lot do with it. Pictures today of what b bicyclists not being able to see the road. If they want money, they can clean up paris. The paris, i think its underrated as a discussion. Climate change i have jeff immelt on for g. E. You do. Yeah. Sanders anyone else . Ive got henry ford . Ive got edison. Edison . Yes. Not tesla. I have booking people who make calls. I wanted to ask jeff immelt. You know, i this i this is the next ten years, companies that can do more to try to stop Climate Change and Global Warming are going to be winners. Its interesting. Some people made the point as the president was saying youve got to get the market to start pricing in climate risk. What is energy today or coal overall saying . Exactly that. Coal is still very big in our country. I know theres a move West Virginia has been hurt. You said more than once coal is completely dead. Its did. Y youre not going to build a tracktry, but its cistill goin. Jimmy carter said we were the saudi arabia of coal for the past 47 years. 1977 40 years. Its all come due. If it comes due under president clinton if we get that, theres going to be no extension. Look. We have cut back dramatically. But remember natural gas in this country is literally the same as it was in 1998. Same price as in 1998. Thats incredible. I think you could argue that some electronics maybe a tv. Maybe a television. A tv, youre right. I was walking out of my house and almost got hit by a samsung, 52incher that target was sending. Rye. The same price for your tv in 1998. How did everyone decide that thats what they were going to give away . The big screen tv . Because thats what people like. It brings us much enjoyment of putting that big screen on the wall its a big screen tv Christmas Holiday season. I dont want to get in trouble. Theyre coming down in price the same way oil or copper or nickel. I ask that question as we end our broad discussion here, jim, as we head into this last month because some see Commodity Prices as a leading indicator and some see it as lagging. What do you see it as . I think that if you look at alcoa and the decline in aluminum, what it says is its an industrial use. I mean thats one of the reasons. He says it means deficit. I happen to think alcoa means a great buyer. He said, listen, dont give up on alcoa. A lot of people have given up on alcoa. Not elliott. Not elliott. Last week, right. And the stock did react positively. I think thats one of the a Great Stories because thats the one that will tell you whether theres any hope for the metals. Its so amazing namg me i know when you look at the housing companies, i know lennar is a beneficiary company. There is so much going on right now. This is december. We really should be just focused on, i dont know holidays . Eggnogs . Holidays, yeah. Drones . Probably not. We should focus on drones. Where are they going to land them . In your backyard . What are the dogs going to do. I dont want a package on my head. No. There used to be a big farm i owned that you could drop zone s all over the place. When we come back, the worlds most valuable bancht coming up, exclusive june stump f. Well take another look at the premarket as we kick off december, and well get auto sales in just a few minutes. Dont go away. Hi watson. Annabelle, your birthday is tomorrow. Im turning seven. What did you ask for . A princess. And a pony. You like things that begin with p. I like pink frosting too. Will you have a cake . Yeah. I was too sick to have one last year. The data your doctor shared shows you are healthy. Are you a doctor . No. I help doctors identify cancer treatments. I want to be a doctor someday. I can help with that too. Watson, i like you. Auto sales have been coming in all morning long. Weve gotten pretty decent numbers. France coming in at 11. Theyre saying the dollar is not as strong. At what point have they said that . I have found auto sales has been most reactive to q. E. Geez, auto sales put a lot of expectations to work. If we get above 18 million, first time weve had months of 18 million ever. The supply of small trucks down five days. Thats an alcoa story, obviously. Carmax. And here comes ford. Lets get to phil lebeau with that. Hey, phil. Hey, carl. Weve got numbers coming in with 0. 4 last month. Thats an increase of 2. 3. To your point, truck sales last month for ford, up 18. 3 and earlier today on squawk box, you heard from joe hip ricks. He expects the sales rate for the industry to be above 18 frl november and if that happens, it will be the first time f its happened in the u. S. Where the sales rate is above 18 million. Well have g. M. Numbers in a few minutes. Back to you. Sounds good. Why do you raise rates . People who get jobs buy cars. People who get jobs by homes, get out of apartments. Its okay. Volkswagen has been well off its lows. Amazingly sew. Given the fact that theyre not anywhere out of the woods in terms of u. S. Regulators or in terms of any number of lawsuits coming their way or the doj or europeans. But theyve done a lot of good will with their commerce. Some got 500 gift certificates. Billions and billions. I just wonder, whatever the number is that they need simply to make the fixes and deal with the recalls, forgetting what feigns and penalties and everything else, thats got to come from somewhere. Doesnt that delay their ability the anything to have new automobiles . To actually make Technological Breakthroughs on a Diesel Engine that they thought they were making and really hadnt made . The new audi. Its coming out, the q7. Its priced very reasonable. The tesla competitor. I know that people dont want to i mean teslas a cold stock, so i hesitate to say anyone can make anything like tesla. Seeing that stock had been at 100, its over 140 now. Well, ive got to tell you, you know. Theyre back. They have a different shareholder base, david, as you know. They do. Virtually a country. Remember that one province or state. Yeah. Lower saxony and qatar. Theyre highfrequency traders . No. Speaking of families, a california judge rejects a request from the california viacoms former livein she was a girlfriend at one point request for an examination. She wanted to have him declared mentally incompetent. The judge said he does not find any urgency for evaluation but he has allowed it to proceed. Its going at a slower speed than requested. What i find somewhat interesting here is you have the ceo of one of the companies he controls, philippe dauman. Hes going to make the decision whether or not he is competent. She had been. He replaces manuela herzer. Thats the question. Hes the chairman of the company and ceo is the Health Care Agent for him. I think thats really interesting. Frankly the market doesnt seem particularly interested or excited about the whole prospect of whatevers going occur here at some point down the road as much as theyre focused on viacoms ability to earn money in the face of Advertising Market and your all trends. Thats a fascinating story. I did not know that. I mean that to me is a i mean not that les moonves should be in there making a decision, but obviously you do a lot better if you declare him incompetent if youre a viacom ceo. I dont know. Hes his biggest supporter. He can say hes competent until i dont know. Im just saying thats a great fact. Thats why i brought it up. Thats a great fact and i didnt know that. I should have known that. Well, it just happened. It did . Yeah. You were busy and it was thanksgiving. You gave yourself a couple hours off. That stupid turkey, family. When we come back, well get cramers mad dash, opening bell. Be sure to stay tuned with wells fargos ceo and chairman john stumpf. In the meantime well talk about pmi. Well be right back. But i keep it growing by making every dollar count. Thats why i have the spark cash card from capital one. I earn unlimited 2 cash back on everything i buy for my studio. And that unlimited 2 cash back from spark means thousands of dollars each year going back into my business. Thats huge for my bottom line. Whats in your wallet . At ally bank no branches equals great rates. Its a fact. Kind of like shopping hungry equals overshopping. Today, were seeing new technologies make healthcare more personal with patientcentric, digital innovations; from selfmonitoring devices that can interpret personal data and enable targeted care, to Cloud Platforms that invite providers to collaborate with the patients they serve. Thats why over 90 of the top 25 Global Pharmaceutical Companies are turning to cognizant. Our domain experts, technologists, digital and data specialists, clinicians and scientists are transforming the way Clinical Research sites collaborate with pharmaceutical companies, and enhancing Patient Engagement with innovative platforms and solutions. Our populations growing healthcare needs present growing opportunities for our clients to advance the future of medicine with digital, and improve the quality of lives. All right. Time for mad dash. Six, seven minutes to go before opening bell. Where are we going to head . Industrial america. One of the things you dont want to see if you own stock is a very good firm going from a buy rating to an outright sell rating for a company, and they do that for one of the a greatest manufacturers in the world. Cummins, cmi. Theyre talking about components feeling vulnerable. Theyve been buying back stock. Its got a great yield but if you own cummins theyre says basically its a recession. Take a look at where the stocks come from to where its going. Its not a pretty chart. You message thad before in talking about industrial america. Cummins stands to be a being loser with a strong ballot. Theyre a big loser with a slowdown in china. And whats really i have to tell you having met with management, these guys are the best there is. So if the best there is having trouble, you can only imagine whats going on at joy which also got a sell today. You can imagine whats going on at caterpillar. This piece made me feel like there are two markets. Theres fang. Theres facebook, amazon, net flooks, google. And theres an industrial markup. I dont know. This cummins piece, it sent fear through me because to go from buy to sell says that things have really deteriorated just in the last few weeks. Of course, the landscape is littered with the navistars of the world. This has been a rough business going on 20, 30 years now. Some of these Companies Like titan. I was looking at titan the other day. If theyre involved in anything thats machinery, theyre just done. U. S. Steel. U. S. Steel is down. These are a Great American countries. A Great American countries. Okay. If you say so. Forbes says theyre worth so much. Do the math. They were a Great American companies. They were. They were. Past tense. Yeah, i think, right . Remember when we used to think that steel was important for defense . That we had to have our own steel . Lets g toteet to g. M. Gm is down. Dont get too caught up for percentages being up a few or down a few. Whats most important is to focus on whats t sales rate is going to be for the month of november. Their estimate will be 18. 2 million vehicles sold last month. Earlier jim hinrichs says it was. Of course, its trucks and suvs that are driving those sales. Jim, back to you. Good margins on that stuff. Good margins. Wow. This is what happens when you have job creation, which is really i hope we get a good number on friday. These are very impressive numbers for companies that employ a lot of people. Good news. Look. Im not going bad news, good news. Good news . Consumers going to have more money. Theyre going to do more shopping. Maybe not shopping or macys macys is too cheap. Youve been warming up to macys . I am. That company is a Better Company than the stock price. Well get a lot more on the stock price. When we come back, opening bell. Just a few moments away. Youk on the street as the opening bell gets ready. Auto sales in the u. S. , were going to get i. S. M. At the top of the hour and a lot more after november. Yes, indeed. Closing out at one point, 1. 05 points, just barely avoiding a negative bell. In recognition of world aids day. Theyre tipping off black does to encourage philanthropic giving. We need to see the widening of a couple of drops. Its at 598 plus 14. This is up very nicely over the past few weeks. Again, if you want to see things broader, you have to worry about brazil or whats happening. Bhp t terrible accident they had there. You need to see the industrial pickoff why i mentioned cummins. You need to see retail doing better. That could be because of the weather. These are all the things that must happen in order to put the january were looking for. Certainly the chinese pm hawaii, youve got four months of contraction. Thats a threeyear low. Theyre not showing any signs, jim. Its all talk of stimulus and lowering property taxes. I still think that the consumer in china is spending. The consumer in china is buying nike. Theyre buying starbucks. You get you can get regular updates from starbucks. Its doing so well over there. I think they could have known about it. Yum out this morning. I think its important to recognize that yum is going to be a fantastic way to play a turn in chinese consumers. Dont forget apple. If they get their hands on the new ipad pro, that thing is addictive. Its addictive. Its homeland season wrchlt have i been. Have you heard the new iphone 7 will do way with the headphone jack making it thinner. Instead youll plug it into the lightning end. Flatter, thinner. It continues. I know you guys may not like the watch but i was able to turn on my cell phone listening to bo bono who ill see tonight by mistake. What is it . You played with your watch. Next thing you know, i turned on bono. Yeah. And miley cyrus. Ive