Forecast for global growth. The business ramifications of a post fidel castro world, will the president elect reverse the thawing of relations . Plus, the American Consumers back, at least according to estimates from the shopping weekend. But did retailers benefit . And at t goes over the top, another Online Service aimed at cord cutters. Were going to have those details in a moment. First up, a new trading week after the three major indices closed friday trading at record highs. Same goes for the russell which is coming off its 15th straight day of gains since february 96. Small caps up 12. 7 since the election. The russell, guys, only had two streaks longer than this one in its history. This is remarkable rally because its based on everything that this guy says. Like anything that trump said is going to come true. And i think thats because people just feel like the republican partys going to fall in line. You know, i have to tell you that the agencies control a lot of what happens to small caps. A lot of people have felt that the Large Companies have had the run of the place. They write legislation, it tends to hurt the smaller Cap Companies, smaller Cap Companies dont have to worry about a strong dollar, the dollars been incredibly strong. Id buy it. I think the small Cap Companies have been overlooked for years. I think people dont care about them. And suddenly they care about them. And i think this russell streak is a right one. Theyve been left behind. Orphaned. They have been, until recently in this very almost record setting pace of gains. Yep. Look. I dont know about you guys, but i got to talk to a lot of people this weekend. And everybody said two things. One is, this trump rally cant last. And second, when i ask why not, they say, i dont know. It cant last. You know, i wish someone had said, well, let me tell you its because of the rekoint, or because he doesnt have the votes in the senate. No one seemed to know other than the fact it cant last. And you need something which says it cant last because of x. I didnt get x. Well, youre not going to get x until the presidency really begins. Thats for ages. Right. Thats not for another month more than a month and a half. January 20th. In dog years thats like 72 days. Okay. So maybe youre clear until then. Although you never know. With a tweet here and there he can certainly impact things as he did yesterday. I think he tweets the russell should go up for another five days. What would happen if he tweeted that United Technologies made a deal with United Technologies to keep that carrier plant here . Weve already had varying interpretations of whether fords decisions are because of a discussion he had with them or not. We dont know. Even though lincoln was not about to move navigator. Carrier if the carrier plan stays theres going to be another like maybe thats a deal. Repatriation deal. Maybe its a kind of like well, its a tough negotiation. I did reporting on this obviously its a tough negotiation because much of why they would stay are things that arent necessarily fully in the add Incoming Administration you mean like 10 business well, that, but no, what youre going to get in return. The tax reform and or the factory subsidization that would come as a result of some sort of plan. I mean, thats congressional work yet to come. But the Vice President is from no, hes dealing with this. This is his negotiation, as we reported on friday. This plant was closing. They were going to monterey. And they may not. And they may not. And this is fulfilling a Campaign Promise which is then going to make people feel hell fulfill the promise on the banks you are all in, man. I am not all in. This jefferies cutting citi, wells ill advised. Oh, because theyre up 12 . Citi isnt even back to where it was last year in the summer. Its not even better. What is that all about . Time to go . Why is it time to go . Because its up 14 . Its like nowhere near where it was in like 2006. Hello. I mean, do you really think if they roll back regulations that these companies cant make a fortune . No, they would be beneficiaries of that. And beneficiaries of tax reform. Of lower taxes for corporations. Yes. A lot of activity. And maybe even m a activity. Those are policy measures that will be months away. If not years. To me the wrap about why the rally cant last is that stuffs too far away. Sure. You dont dispute that. No. That is far away. But i feel like the downgrade of the banks ahead of a rate hike where i can raise numbers . I mean, im looking at the sensitivity of some of these banks to rate hikes. And Peoples United Bank of connecticut, i mean, they make a fortune i mean, the rate hikes are so positive that to get ahead of these bank stocks and downgrade them, mistake. Just a mistake. Youll never get back in them i think to your point its interesting, i think a lot of people are looking for some help here in terms of direction. Yes. Because weve had an unexpected rally of significance. Yes. And were now heading in deeper into the transition. And then we will get obviously a new administration. And what can we really expect . And what do i do . Is this all followthrough . Is it all simply one long positive continuing for stocks . Theres got to be something there that starts to say, wait a second, either things are getting a little too rich in terms of multiple, or expecting too much in terms of all the tax reform, the rollback of regulations. Right. And or theres going to be volatility in other parts of the administration. Oh, look, can we add and trade and so many things like that. Just a few moments ago trump tweets, if cubas unwilling to make a better deal for the cuban people, the cuban American People and the u. S. As a whole, i will terminate deal. Doesnt give any bar over which a deal has to cross, right . Thats what were talking about about volatility. I guess i got to merge somehow got to have the s p futures, the treasuries, trump tweet. I mean, were going to have to redo our screens. We are. Its a weird world where apparently the president is going to be tweeting at all hours and conceivably saying things that will have market moving potential. The stuff where he said on no basis of fact whatsoever that there were millions of votes cast illegally is not a market moving piece of information. No, but hes disintermediated the media. You dont need the media to read the tweets. The special youtube presentation. I mean, the guy google and twitter are going to do well here. Google and twitter. I mean, maybe you can sponsor president ial tweets, right . I mean, like hes still got the businesses going. Be giving 15 Million Viewers a pretty good night on broadcast television. Anthony nodo right now is thinking, okay, i got to find someone to sponsor the political tweets. Id like a little more than 140 characters. I just would. Id like a press conference maybe. Call me old fashioned. Well, you can toss out all the guys you dont like and have a press conference. Remember once dan rather stood up to president nixon, this is going to be a little different. Are you running for president . No, sir. Are you . Yeah. Now it would be like rather said something stupid in the press conference and im not inviting him anymore, right . Thats it for rather. But he would type it while during the press conference. I mean, a guy you got to admit the guy is a new dynamic. Yes. Yeah. If he saves that carrier plant, you think were not going to see a thousand tweets from different people . Thank you and then says thank you and then they do the thank you and he retweets and a lot of hearts. Got a lot on his plate, not just carrier, but now cuba, the world and Business Community keeping an eye on cuba following the death of longtime dictator fidel castro. Our chief International CorrespondentMichelle Carusocabrera is live in havana this morning with more. Good morning, michelle. Reporter good morning, carl. There were lots of hopes and expectations in the wake of the thawing between the u. S. And cuba, which began in december of 2014 that there would be a lot of u. S. Investment, a lot of corporate engagement here, so many executives traveling here to see what could be done. Well, where do all those hoped for deals stand . Deals is a strong word. Lets show you whats happened. Theres roughly 30 Companies Involved here, and i use the word involve very specifically because deals isnt quite the right word. Most of those or roughly half are in the hospitality area. American airlines, united, alaska, delta, southwest, jetblue, Silver Airlines and sun country are now doing commercial flights. Used to be just charter flights. In fact, direct flights to havana start this week. Starwood is managing three governmentowned hotels. We dont know the finances of that deal. Are they paying the government, or is the government paying them . Carnival has been here with some cruises. And now americans use with american credit card on airbnb and speaking of credit cards despite the much he recallralde announcement, mastercard made that happen however mastercard does not issue credit cards. Banks do. If you want a credit card that works here you must have a credit card from either Stone Gate Bank in florida, Stonegate Bank or banco popular. Not allowing customers to use here. There are roaming agreements. If you have u. S. Carrier, verizon, at t, sprint, tmobile, it will ring here. I have to tell you that is quite a relief. And you can make direct phone calls now because of a Company Called idt. Fed ex is flying a turbo prop and nespresso from the United States is putting out pods with coffee made here. Here is what you should note about every one of those deals, theyre not deals like we think of them. There are no investments here in cuba. These are deals that provide the cuban government with revenue, but the traditional way we think about putting in equity stake has not been allowed thus far because, remember, this is a socialist and communist government that very much wants to control everything and controls every Major Business in this country to the extent that there is still business left here after 50 or 60 years of communism. Look over my shoulder. Big line of hundreds, probably thousands of cubans have lined up. What are they here for . To go see the ashes of fidel castro at the monument here at the plaza of the revolution where tomorrow night theres going to be a Memorial Service for fidel castro. For years people have been asking what is going to happen after fidel castro. No one knows the answer to that, but at least now were going to find out. Michelle carusocabrera in havana summing up exactly whats in front of us and in front of the president elect. Really quickly, jim, would you be doing a uturn on some of these trades that had been brought about because of this normalization . No, i think this is going to be in cubas court. I think that maybe out of honor to fidel they were not willing to make the steps we gave a lot. I think we gave a lot. I think if they do something i think it changes the equation. We did. We made peace with castro while castro didnt make peace with us. So youre in favor of doing exactly what trump suggests . Until they come out and say something. Theyre going to give up the fascist dictatorship. Did anyone watch, i know its another network 60 minutes . Yes. I was waiting for americas game, which was quite good, colorado, broncos. Missed that one. They had an interview with fidel castro when castro came in. Wearing a suit, fidel castro was wearing pajamas. Pajamas, it was great. The dismissal that he had of our nation, i mean, that has to go. And if raul castro just says, you know what, everythings kind of forgiven, then i think everything will get forgiven except for some hardliners who did vote for trump in florida. But its their move. Not our move. We did everything. I think obama was incredibly open minded. What did they give us . So i think theres a deal. I think that by the way theres a lot of dealing i think trump wants to do the art of the deal. I mean, hes dealing in indiana. Sure. He likes to deal. Thats what he knows how to do. Well, maybe we havent had a president who likes to deal in a long time. Everythings a negotiating position. Right. Right. Including, you know, who gets to be in a press conference. I mean, everythings up for negotiation. Yeah, okay. Great. You know, youre kind of a journalist, you know that, right . Im not trying to get to the table. Okay. Im not im reporting. Im reporting on United Technologies say again . What about it . You did some reporting on that too. Yeah. Good for you. When we come back, the Holiday Shopping report card and where tech fits in. Take another look at the premarket here this morning. For the month russells up 13. Dow up 5. S p up 4. Back in a minute. Is it a force of nature . Or a sales event . The season of audi sales event is here. Audi will cover your first months lease payment on select models during the season of audi sales event. bing Holiday Shopping numbers are in. The National Retail federation says about 154 million shoppers made purchases at stores or online over the weekend. Thats 3 million more than a year ago, but there was a slight decline in average spending. Meanwhile, adobe says black friday was the first billion dollar mobile shopping day in u. S. History. Were going to discuss the Holiday Shopping landscape with nrf ceo matthew shay in the next hour. This was the first time my travel trust owns adobe, ive met the guys who run adobe, and they actually have the big data. They have the transactions. This is the first time. Its not a poll. Its not a guy guessing. Its not, well, i have a sample. Those are the numbers. The numbers are good. Lets not outthink this. And by the way, you can follow the way things went through colombia sportswear, vf corp. Or weather, colder weather. If you take a look on the Conference Calls for ross stores and tjx, the main issue was is there enough excess inventory . Now, they said that there is because macys is closing some stores. But overall we have to remember that a lot of this big ticket stuff is going. And thats where the stuff that is historically but the malls themselves, the physical locations may not have been as crowded. No. But i think thats just does it really matter . We had Brian Cornell here on friday talking to him and target is agnostic. They dont care where youre buying it from or how youre buying it as long as youre buying it. Its working for a lot of these companies. Theyve spent a lot of money and it is working. Still 90 of people shop in stores, but i think best buy had a good christmas, i think target had a good one. I know from my friend who writes for the street jc penney had an excellent one. I cant believe how many people lined up at a jc penney in order to buy the shirts that they have their own private label. Yeah, were going to get pvh earnings this week. This is all depending on whether or not store rationalization is taking place. Well, if we had that look, we need to see i defer to my better half colleague who does all the reporting here and much more neutral in politics, please, where are the retail mergers . Its going to be an interesting four years for you, isnt it . But i will come visit you when youre in jail. Maybe youll come visit me. Community protect journalists yeah. Where are the retail mergers . How about turkey . That guy gets away with anything. Most jailed journalists in the world in turkey. Yeah. David, where are the retail mergers . Thats where what we need to see. Take capacity out. Theres an article today about gap and how gap does like algo those are tough to pull off in a lot of ways. Why is that . Remember hudson bay did a great deal with saks, but that was real estate related. The reason they made money was real estate. But, you know, why would you want if youre succeeding and youre really going to want to buy something else, theres so much capacity, you dont need it, whats the value of it . Let me give you an analogy of it. He bought first niagra and shut 100 branches because theyre too close, theres too many stores. There are. Way too many stores. Would sears ever all right. Thats a bridge too far, sears. Did you do any shopping at kmart this weekend . I did not. Did you . Im willing to shop anywhere. I wont go there. Really . Make it a principle. Yeah, i think people understand that. And ive shopped at dollar tree and Dollar General, l brands, not a problem. Ross, perfect. Burlington. I will not go to kmart. I wont. Statement. Yep. We are going to get Dollar General earnings this week as well. A lot still to come in the coming days. Well get cramers mad dash in a moment. Take another look at the premarket on this monday. More squawk on the street from the nyse straight ahead. Mondays come around too fast for me, my friend. But here we are, a mad dash. Lets do it. David, i have not been a fan of the socalled brick and mortar journalism houses. In other words, places that are trying furiously to convert, unlike retailers, to online where they end up making much less on advertising. I see a bid this weekend or rumored bid of for time inc. Backed up by some big money, true or false . It is true. It is true . Yeah. The New York Post reported this got it right. My sources indicate as well roughly a rain of 18 a share. Went in with a letter about a month ago at time, that is Investor Group whats this guys name . And la vot nick. But they werent coming public with it. Not sure where the lead came from. Lets call around 18. They got rejected. Not interested. No further discussions. We do have some activists in the stocks. [ inaudible ] my mike has not been working. Lets take a break. Well come back. You know what, david, this is fabulous reporting. Lets take a break. We havent heard any of