Than expected. Early cyber monday show record sales. And speaking of retail. Tiffany shares are on the rise this after a big beat, traffic gains but will the most hype prod file resident have an impact on tiffanys fifth avenue store . Were going to tell you what they said on the call. At t unveiling its directv now service. The streaming service will start at 35. Will this be the Tipping Point for future cord cutters . But first up the economy was stronger in the Third Quarter than the government originally thought. Advised up, that is the fastest pace in two years. The numbers out one day after the trump rally took that detour in the russell snapped that 15day winning streak. Virtually all of the improvement is consumption, jim, which is now 69 . People are going out, doing things, i think people this cyber monday, numbers look good. No singles day, but its like 1, 100th. The setup is such that Interest Rates have to go higher prp even from here. Youll see the banks continue to move because rates have to go higher. I see theres a huge number of fed people who talk they have to stick to script, and the script is rates have to go higher. The rally is in large part, facebook. Rates going higher. Demand for money higher. Spending higher. Santelli just pointed out, nine days between 236. A Building Block if in fact youd believe the rates are going to go higher. I think they are. We have a president that is a democrat, right . Hes committed, what, hes committed to spend. We think, but we dont know. As a republican, hes committed to cut taxes. I mean, thats a recipe for higher Interest Rates. Its a recipe for higher growth, its a recipe for our kids to may more money than we do, but the rates were talking about. Youre starting to hear about something that my friend doug cass said this morning, correcting something i said which is that theres no sellers. Hes saying listen, change the Capital Gains laws. Why not the first . Right. I mean, although there have been reports recently, certainly of a Division Within the advisory, the advisors that trump has on economics. Those who adhere more strictly to the republican mantra of lower taxes right but not necessarily the spending part of it. And the spending side which steve bannon, his Senior Advisor embraced for some time. The and the question is where will they come down . Wraen will the congress allow him to come down . Doesnt spending dprom overseas . Yes. That would certainly be part of it. Bringing some of that. Thats the goldy locks scenario since yesterday. I thought the Infrastructure Spending in some fashion is also given rise to the belief that there would be inflation, hence and theres some believe that because if you believe there is not much slack in the labor market that things like infrastructure bring you more inflation than they bring you growth. I think. Okay. I never to want root for inflation. I want to root for wage growth. If we can get wage growth in the country, it would be fabulous for retail. Maybe that is to a degree whats happening, but, look, lets just face it. And there were some people debating on squawk, talking about how the people who think 4 may not be right. I am thinking 4 for next year. For next year . Yes. I am thinking 4 . Look, the guy is so far so, so pro growth. I mean, the guy is pro growth. Im speaking of trump here when i say the guy. Understood. The real donald trump. The tweeter in chief. Hey, yeah, what happened this morning. Not me. I dont think he watches. Do you watch to see what he says now . You have to watch every morning what he says. It can actually have market moving implications. Explosive defwhat morning about flag burning based on the one tweet he made today. Flag burning . Suggesting that those who burn the flag should have their citizenship revoked, should serve a year in jail. And all the constitutional ramifications that that would mean. Why doesnt he tweet that the he likes that steel stocks are down this morning . He might. And if he did, theyd move. He also had a tweet on his continued dislike of cnn and their coverage. That could be bad for the deal. Thank you. And actually people say to me, you know, we assumed since he won that actually at t, time warner is going to be fined. Remember during the campaign, candidate trump said he would stop that deal. But with a tweet like that, he immediately reignites fears that he will actually look or have his fcc and Justice Department look seriously at that deal. I cant disagree. Do you think that butkis is a Great American blocks trump today . You can block people on twitter. Maybe he blocks him. Maybe he reports him. Yeah. Its crazy. I look at twitter every day. I mean twitters got to have i mean, anthony, cfo, its got to help him. I saw suggestions yesterday that theres been a bit of a step function in usage just because people need to know what hes saying. You disagree with that . I think 317 million americans ought to figure out what hes saying. Every morning its going to be us talk aboutings it i have a feeling unless they take his twitter account away again. They could spike here. They could. On the macro front, we saw oil down. Yes. Over the phoney deal weve been saying is phony forever. You see the dollar strong. Interesting out of china today, over the last couple of days, guys, theres concern that the chinese o authorities in their efforts to reign in capital flight are going to prevent significant acquisitions, cash acquisitions by Chinese Companies from taking place. Thats got a lot of peoples attention at least in the world ive paid attention to this morning. Thats interesting. Its begun approval on hold if they have remaining capital outflow quotas of above 50 million, 50 million. Remember, chinas very large deals this year. And theres the biggest one pending, of course. Wow, ive been putting together a list of companies the chinese might want to buy. Aye been ending that list. This is not about a trump presidency, this is simply their efforts to stem capital flight and gain control. Do you think that trump could slow impact growth, slow growth . What if he says right now, he comes out and says that carrier plant, its not going anywhere in indiana. When we start thinking that this great, you know, earnings per share move trying to remember what i was supposed to check on. I want to check on that. You continue talking, sorry. Try to interrupt my train of thought. Carrier, lets say listen, ive been in touch with greg hayes, the ceo, and it aint going to happen. He say us the carrier plant aint going to happen. Theyre not moving to monterrey. Because of a quid pro quo regarding taxes. Do people start thinking you know what, you cant cut employees or move factories and when you move a factory, i raise earnings per share. What would happen if we just if the if the job plight ended. Thats how they get their insight. Its an interesting idea. As far as opec goes, jim, for the next 24 hours that is the driving dynamic . Yeah. And you know, get fooled again, i dont know. I mean, they always seem to pull something out of the fire. Maybe they say in december theyve got a better meeting. Its iran that weve not heard from. And then what putin is not on board. I thought putin was on board. Its just the story thats hard to cover. Every day changes. Theres too much oil. Were pumping a lot more. Were starting to come back. And thats major. We are swing producer again. Yeah. Ten hour meeting yesterday with very little progress. Russia wants a freeze, saudis want a cut. Establishing some cap for iran. Its hard as its ever been. Yeah, theres a lot of oil everywhere. Were not seeing that pick up in demand. There was a lot of stories about house fossil fuel is peaking, but natural gas, you have to separate our companies. The Natural Gas Companies are doing well because theyre exporting a lot of natural gas. Oil companies, you cant make money at these prices. Only the retail front as david said, tiffany up in the red mark. Not as bad as expected and as for cyber monday. Data shows sales hit a new record up 102 to almost 3. 4 billion on apple. Out with a note saying he sees Downside Risk to current estimates for iphone says. On tiffany, down two, theyre cautiously optimistic. Japan was pretty good and the fifth avenue store, some disruption. Although less than 10 . I think the real story here is youre beginning to lap easier comparisons. The Flagship Store was a big problem. Now its down to less than 10 . Asia pacifics total sales plus 4 . This is one where its not as bad as it used to be, new cfo in, stocks going to go higher. Thor going higher, tiffany going higher. Consumers spend. Thor being big recreational vehicles. Oh, i thought you were talk noah sind gar, the great pitcher. Thor . Thats what we call him. See im focussed on the stock thing. Sorry. I dont know, it just got me. By the way, the adobe stuff, its so detailed. Theyre dealing they measure 80 of all online transactions, neu nerf, barr by, amazon fire, thats not the samsung thing. I understand. Apple ipads. You see the ad for our alexa product . The alexa product . Yeah, talk to me. I like that. Remember we used to have that alarm clock in the morning with carls voice. I love that. I love that. Your voice. Yeah. That would wake you up. Yeah. Whether you like it or not. Theres no snoozing you, joe. No, dont hit that snooze button. No. And i think that was part of what you were saying. Dont hate it snooze button. From tiffany to the cockadoodledoo. Get up, i havent been sleeping for hours, get up. Finally the president elect announcing hell nominate tom price as secretary of health and Human Services. Surprise an orthopedic surgeon, fierce critic of obamacare. Servings as chairman of the house budget committee. A lot of discussion here about medicare and medicaid. Privatization, what that would mean double the road too. Im seeing upgrades of zimmer we are biomethodist, striker, today someone took j and j because of med tech. This guy, pro med tech. I mean, this is again, the guy medical technology. Burned pressure. Remember this, zimmer had a bad call. I mean, its the hardest hit sector so far has been the hospitals which will suffer from a dismantling of the aca. And this relief for medical devices, this would be incredible. You really do have to buy zimmer. Yeah. This is hard. It is hard. More reports that we will get treasury at some point during the week. Will we get on twitter . Maybe. Thats not unthinkable. Why not . Why do we have to deal with the media. Go right through twitter. This is going to create lots of problems for the market. What is . The real donald trump. Oh, i know, i think youre right. It is. The next four years well be sitting here many mornings talking about what it means. What does this mean. They have to get jack dorsey out, get someone in whose more media savvy. We need a trump tweet translator. This is actually what verified. Yes. Thats true. And sponsorship exclusive sponsorship on trump tweets. If you can do Cyber Security here. Because if someone oh my god. If somebody takes over that account. Itll be like dr. Strange love. It could be. The cocacola company. When we come back, details surrounding at ts new streaming service, including which music superstar is in the mix. Also ahead, New York TimesMark Thompson, his publications been under constant fire under the president elect. Premarket, transports by the way, two years ago yesterday set their last record high. Wow. Up. 20 for the year. Well be back in maine. The greatest population shift in Human History is happening before our eyes. Sixty to seventy Million People are moving to cities every year. At pgim we help investors see the implications of long term megatrends like the prime time of urban expansion, pinpointing opportunities to capture alpha in real estate, infrastructure and emerging markets. Partner with pgim the Global Investment management businesses of prudential. At t set to debut its new streaming tv service tomorrow. Prices for directv now will range from 35 a month for more than 60 channels to 70 for over 120. The service will be delivered via the internet to smart phones and tablets as well as apple tv and amazon fire tv. Creative pricing targets as well. Named live a little, got to have it got to have it. And access to hbo and showtime five bucks each to any base package. But this is significant. Weve been talking about it for a couple of weeks since we first heard wind of the 100 channels at 35. Obviously not 35. Now we know closer to 60 or so for that service at that level. But the question is, is this a robust enough offering that you really are going to see the acceleration of cord cutting that weve talked about so often . And many people believe yes, it will be. That the opportunity is there now to capture more or less what you want of you. They dont have cbs right now, their working on it, but youve got the other networks. Youve got espn, youve got a lot there. And this is going to be very interesting to see how it plays in the market. Sling tv is out there. The sony view has been out there, hulus coming out early with their over the top offering. My question has been, will the from live ration of these over the top offerings give people enough reason to say i can get what i need. I can put it together with the netflix or with my amazon and im going to be fine and im going cut my monthly bill by 10, 20, 30, 40 bucks. And wheres my wifi. Its in your house. Via your broad band. So your Cable Provider is still your broad band provide per. I love my package. Now, now two streams by the way i think on directv. Two different tvs. To get someone to cut their current cord and shift, how hard is that . I think thats hard. I do too. Now to get a younger person to be intrigued by this, still expensive. No cbs, no football. No afc football. Are you going to live with that . Im just saying this is i thought i was very surprised to see cbs not in it. And they will end up being in it. Why would they cave . Theyre getting something. Theyre getting a decent amount. The question is at t losing money on this . The razor thin margins that theyre making money. I dont know, i dont know. When i saw this. Im not as certain that this is the game changer. Im just not as certain. What were the game changer look like if not this . I think that a game changer for people who are more who have had the current package far long time would literally have to be and ill tell you why. I have the fios skinny, now i know this has more than the skinny, but even that was kind of like im like the only guy until the block with a skinny button. Right. This is not i dont find the neighborhood wants an extra 200 bucks a month, right, maybe . Its happening. This is a trend, its moving at a relatively slow pace, but steady and picking up speed. Theres no doubt about it. Look at the espn that we talk about and the losses there. And how about taylor swift getting her own channel, right . Is there any doubt that in ten years, everybodys going to be getting tv through the internet . No. So youve got get there some way. I dont doubt it, but i feel like to some degree right now, its it the early bird special. You know, and maybe the price fits when youve been with your parents. Learn from that side. Im not what does mean for the content providers . Do they lose out because the number of subs does go down because not everybody has to take them and what does it mean for the distributors themselves . Its the key product. We know that already, of course it is, but can they make up for the loss . There is money made on the video i have time warner cable. I live in an unfortunate area. Will they cut their bill . Spectrum. Owned by charter. Will they cut my bill . Maybe . Really . That would be big. That would be big. Big cash flow. Visionary. Autonomous cars. Ai. Terminator. Coming. Theres something. We dont have to worry anyway carl knows hes been listening. If i like david favor, i might order carl. You might. When become back, well get kramers mad dash and count down to the opening bell. Premarket which is steady today. More squawk on the street from the nyse, straight ahead. And i never get tired of it. Are you entirely prepared to retire . Plan your never tiring retiring retired tires retirement with e trade. Im in vests and as a vested investor in vests i invest with e trade, where investors can investigate and invest in vests. Or not in vests. Sign up at etrade. Com and get up to six hundred dollars. I. All right, mad dash for tuesday, its never a bad time to talk about the largest cap company in the world. Its been stuck around 110. Steve whos what a call by foe by recommendation and he has saided so many negative things about it. Apple missed the next two quarters. Next two quarters are at risk. This is all that kind of channel check stuff. My problem with this is that this guy has made a lot of calls. I like steve very much. But there is never any verification in the sense that were not going to hear from apple, but this will knock apple down. And apple has been kind of crucial this whole kind of benign rally. Has kept apple out of the papers, let people focus on other stocks. This is going to put the pressure on apple. Itll move down, and i think people will say, apple once again is in trouble. So, you give yes dense to the analyst even though the underlying argument youre not a big buyer of so to speak. Thats exactly right. Im saying it is the to knock it down. I think he knows about the next two quarters pointblank. Its hard to figure out who the suppliers are, what theyre up to, apple stock has been sluggish and its easy knocked down. Got it. All right. We got the opening bell just a few minutes away. Stay with us on squawk on the street. Mapping the oceans. Where we explore. Protecting biodiversity. Everywhere we work. Defeating malaria. Improving energy efficiency. Developing more clean burning natural gas. My job . My job at exxonmobil . Turning algae into biofuels. Reducing Energy Poverty in the developing world. Making cars go further with less. Fueling the global economy. And you thought we just made the gas. Energy lives here. Youre watching cnbc squawk on the street. The opening bell in 90 seconds on this tuesday. Already got the revised q 3 gdp which was to the upside. Consumer confidence in a bit. People though still focussed like a laser on opec and italian banks today, once again. Im so glad you mentioned that because this referendum is going to come up. Look, you have to understand this, this is the