Tenyear yield coming off the 26 level on thursday. We begin the dance to 20k. Will today be the day . Milan introducing a new epipen. The inside scoop on this weeks meeting between donald trump and tech. First up, the dow moving towards 20k. Something weve not done since february and march of this year. Faith rally. A lot of people are just looking at the tripod, looking at tregulation and repatriation and saying, we can can ignore current whatever is the current tempo and, instead, just extrapolate the things to get better next year. Of course, there will come a moment where they better get better or else well say, why did we get so excited . Theres a lot of ripples to the Corporate Tax. Saying, listen, this is not one size fits all. Retail could be hurt by it. Its more complicated. Its been so far. At the same time, i will admit that things are better. Theres a lot of people discovering that. There was some joisting to the Washington Post who finally manages to put on page one that investors are warming to president elect trump. We dont want to see warming. We want to wait until inaugurati inauguration. Well talk about honeywell. Janet yell. Did not give trump any credit. On squawk saying real growth is going to be remarkable. What you end up having is a split between people who have faith and people who dont. Its not a people who are raising numbers and people who arent. Its its an animal spirit regulation. Then there was a selloff going into inauguration so we have to be aware of that. Is that going to be centered around Dollar Strength which leads the journal today or yes. I mean, yes, if you go in and look at the Dollar Strength situation on adobes call, this is a fabulous call. It wasnt light. It wasnt light at all. They had to make do with the fact they had dollar headwinds. You dont mention in the brief, its the dollar there is more emerging markets because they hedged the ncn and europe. Yeah, everyone has to deal with the stronger dollar and has to trim numbers. You have to trim numbers first before you can raise numbers off the tripod of deregulation, Corporate Tax and repatriation. 14year high for those who havent been paying attention. Thats not stopping bernstein from taking ges, talks about the portfolio reshuffling is for real and does say, listen, the oil and gas used the oil and gas. They give him credit for, what do you want to call it, a rerating that is deserving. I think the cash flow analysis was good. I k if they can do the 2. Overall i hear you saying youre comfortable where we are. Youre not looking for a big spill. Im not. What happens, if we get finally top line growth in the economy, then the companys that have been starved for top line growth will go to the four. Cummins needs top line growth. They have china exposure. Weve been saying for years, literally for years, all throughout cnbc saying theres no topline growth, all buyback. It would have been from f. A. N. G. , similar travelers or selfhelp. This is the first time im hearing, listen, top line could be good because of gdp expansion. If weve been waiting for top line and were going to get it, i cant turn negative. Thats going to be the question is, when evidence of that happens. For example you dont know. Goldman call on oil. Evidence of the cut, they say, will start to show in mid to late january. It better because that rate count shows is back to where it was in january. It did a uturn working its way back. The futures market is indicating oil is not real. The futures market is saying 55 bucks at two years, 57 out five, so dont get too caught up. Meantime yesterday the other f. A. N. D. , Diamondback Energy did a remarkable deal at 97. The stock went up 3. Gtor is an Aggressive Company that bought acreage in oklahoma trying to refinance. Watch that deal to see if it holds up. You mentioned growth and industrials, right . Environment where top line can can grow. Then honeywell comes along with this guidance. This is david cody talking to jim back in october. Take a listen. I get a lot of comments from analysts that they dont want me focusing on pe or saying were a good deal. Keep saying, but thats an important part of the story. Were still a good buy. If you take a look at our longterm earnings, what weve done since 2007 versus our peers and you take a look at our profile going fwashgtsd our peg ratio looks pretty good. The Current Quarter guide is below the midpoint. Heres the problem. Honeywell is the ideal trump stock. They can repatriate, everything is going great. You take this stock up like a bee line. It was down ten points. This is just ridiculous. When i look at this and i notice, guys read the release and listen to what i to what cote said. He put out a release, did an Analyst Meeting and then a reAnalyst Meeting on mad money. The organic sales were minus three. Here hes guiding for plus one, plus three. Cote is giving a handoff. Its a reset for the new ceo. The cash flow is a tad light, reported sales down one. Theres a big reorganization going. Those down ten, i mean, i want to be diplomatic and call them moro morons. People selling down three, i get it because the stock had a big run. I thought it should have gone down united technologies. Yes, it should go down because its up on a trump rally but down big because remember what cote did last time. He appears on mad money next week and does a redo, you feel like a real sucker. Youre not the less than stellar guidance from oracle and adobe no, we have to go over that. Adobe will be adobe will be up two, three bucks within the next couple days. Orion delivered on every one. The marketing cloud said it wasnt strong. Thats an example of the press not doing any homework because the oracle call was not a great call. The oracle guys will frame it as a great call. They did have some good new clients but the adobe call f they bothered to read it rather than just issue these ridiculous comments, youll see that that companys on fire. It is doing it is accelerating Revenue Growth and the cash flow, 500 basis point margin improvement. That was other than nvidia. I mean, theyve got machine, the Artificial Intelligence, the automobile. Look at gm, its loaded with nvidia and then gaming. Advanced market is secondtier advanced microshows, not its not a question of coming in second. Its not placing but advanced microis a company not nearly as good but pus jeffries. Nvidia is the umbrella to take the whole group up. Nvidia may be the story of our era because they got the chips for Machine Learning and Artificial Intelligence and cars. Yes. I know some guys for whom that was their biggest position this year and theyre buying drinks all holiday season. They got horse sense. Come by me the odonnell which is 12 bucks and probably cost me a dollar. Sorry. Cost me 11 bucks. Jim mentioned the flash at b your screen, chipotle, getting the dealing with pershing square. Four new names added to the board. Im looking through the release right now. Paul capucio, ali namvar this week. Its packed with pershing. Its not the directors. Can you do whatever you want. A very good cfo there. American memory is 18 months. Proven from taco bell, from the horrendous jack in the box. The American People forget, but they you have to give them 18 months to forget. Its not 12 months. December 07 norovirus in boston, its still with us. In another six months people will say, what was the problem . But theyre not there yet. And the American People cannot forget. They have a memory, but the memory is 18 months. When im looking at these titles, one is general counsel at time warner. Other is Senior Vice President at liberty global. Someone a partner at pershing. You dont think any of do any of those guys know what a burrito is . Guys, theyre making burritos. Its a matter of the public what we need is a good tool and dye man. How about someone from illinois tool . I mean, come on. The issue is the memory. The memory. Because you go to i go to one of my three chipotles. Not a lot of people there. Those are people who say, i dont want to get sick. Youre not going to get sick. They have stringent safety rules. You can shuffle the ceos but the problem is people remember. You can is all the Board Members in the world. You could have ray crock. Now, ee not alive so thats facetious. Hicklelooper. Thats going to make a difference. Now im going to have the double bur rou burrito. Youve been on the 18month thing, which means this summer come august i wont be able to get in. It will be like the old days. People will say, was it chipotle or qudoba or bennys burrito. Thats a dynamic they would love to see. It will happen. They can do all these different changes. I wish they hadnt been so aggressive buying back stock. That was a mistake. They tried to call the bottom and they were too soon. Had they listened to me, not that anyone would have to do that, including my wife or my two dogs, but they would have waited and they should have waited. My dogs are far more obedient. Because you smack them and they come to the table. They know like 100 words. Its incredible. Bed, oh, no. Get off my bed. Never humanization to pets. I had on labs last night. Do you know millenials, 80 of millennials sleep with their pets. Guilty right here, im afraid. Me too. Im not even a millennial. Do you know what liquid gold is . A urine test. We call it liquid gold. Geez, our mikes are open. A urine test, three seconds they could figure out if your dog has something unusual. While were talking about, will has something. Good morning. Chipotle made me hung but im going to be talking about wells fargo. We got the sales update for november. Now theyre giving Monthly Update following the scandal. The broad takeaway, this is pretty much what was in line with tim sloan suggested there would be a slight improvement from october. To bring up some numbers, consumer Checking Account opens down 9 month on month, down 41 yearonyear. That is slightly better than the sales update we got for october. And it relates to the pace of opening of new accounts. So, its just the pace of opening thats slowing. 9 montho month, 41 yearonyear compares to 47 the previous month. Slight improvement. If we look at actual closures, that number down slightly yearonyear excuse me, up slightly yearonyear but not any much worse than october. Similarly for survey resultsle and total branch interactions. Overall share price down 3. 4 week to date. Slightly higher this morning. The move week to date were focusing on that move in the middle of the week on the living will issue, which they failed and talking to some investors and people at the bank n general, pretty relaxed about that. Not too concerned its a major issue and they should have it tidied up by march. Guys . Its funny youre following the chipotle conversation because people need to forget about this . No. You take the crossselling and use a word document, scrape that out and put in e. Coli. In is an e. Coli moment for wells. Three rate hikes make up even for e. Coli. Well forget that one day, too. Its kind of like in your mind right now that maybe you you opened a credit card account and you didnt. Give it some time. Thats what i call a suboptimal situation. We have a couple of those. When we come back, who said what in the room where the president elect held that meeting with tech leaders. Kara swisher will provide an inside look. Take a look at the premarket. Dow shooting for six weeks up. As we said, havent done that since february and march of this year. Were back in a minute. Is is my. This is where i trade and manage my portfolio. Since i added futures, i have access to the oil markets and gold markets. Okay. Im plugged into equities trade confirmed and i have Global Access 24 7. Meaning i can do what i need to do, then i can focus on what i want to do. Visit learnfuturestoday. Com to see what adding futures can do for you. Did you know slow internet can actually hold your business back . Say goodbye to slow downloads, slow backups, slow everything. Comcast business offers blazing fast and reliable internet thats over 6 times faster than slow internet from the phone company. Say hello to internet speeds up to 250 mbps. And add phone and tv for only 34. 90 more a month. Call today. Comcast business. Built for business. Still a lot of buzz surrounding the president elects meeting with the bibiggest tech leaders. Kara swisher writes what was discussed, including apples tim cook. Microso microsoft, and amazon talking about doing business in china. One person quoted, we definitely gave up a little stature now for possible benefit later, said one source, noting that it was the price of being nice. It was better to be quiet now and speak up later to save our powder. Well talk with kara. Bezos called it appropriate but some said it was inappropriate where trumps children took up three seats where you could have put another executive. We have to understand this is a different kind of administration where family is very important, in part, because the kids are grown, in part because the kids are very Good Business hes done some things with kids and theyre not kids. Theyre people he trusts. This is not like beth truman singing and a this is a different era. People better get used to family members playing a role. Personally, i think that trump i was afraid it might be one of those meetings like where its a lashing. Yeah. Where he starts out, who voted for me . No hands get up. Well, get out of here. Im done. In china, were done. No. It was kind of the opposite. It was like, all right, well, lets work together. No one really asked there were no asks beyond just like i want you to consider this. So, it seemed like there was respect on both sides, which to some degree is given the fact this is largely a group that did not support him was kind of, lets just say, openminded, openheart. Something mark could be the case here. You have said, you have start thinking about what youre paying for, say, a defense contractor these days. You feel the same way here where theres sort of, perhaps, an un a hidden liability longterm . I think these people could all be sacrificed in the order of china. I think china is a very real concern. I had Western Digital on last night. The first thing the ceo said, and he is so, so good was, look, asia is a concern. China is a concern. Hes not glossing over it. I think the stock could go north of 100 its so inexpensive. Its not a hit and risk. Its an actual risk. I think people should recognize the communist party is 100 thats a dictatorship. If they decide if they wake up tomorrow and they say, we dont want anyone to buy an apple phone, you wont say, forget the government. No, theyll send a tank to your house. Theyll make it a whitecollar crime. Im not picking on apple. I could have picked on kfc. I just want people to recognize, china has been in a war against us and we havent realized that. We have been at war with them but we didnt know. Now we know. I have to tell you, its for real. May i say in terms of the boardroom, having been a judge at the apprentice, people have to understand, sometimes family are execs. In real estate i have met the sons and daughters of people in real estate. Theyre not like, hey, man, this is like monopoly for me. No theyre being groomed. Theyre really these are not children. They are people well, i was not that the aplenty tis, it was tv, but people should understand that the idea he relies on family, i dont know about you guys, i rely on family. Right. The wife tells me what to do half the time. I dont say, hey, youre my wife, get the hell out of here. Shes a factor. Points well taken. Well get the mad dash and opening bell. One more look at the premarket on this friday as we continue to watch out for dow 20k in a moment. [engine revving] 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. Whats Critical Thinking like . A basketball costs 14. Whats team spirit worth . cheers whats it worth to talk to your mom . Whats the value of a walk in the woods . The value of capital is to create, not just wealth, but things that matter. Morgan stanley we begin to rock steady steady rocking all night long and we begin to rock steady six minutes to the bell. Lets get cramers mad dash. A lot of research out today. Some on nordstrom. Theres a piece by matthew boss. Hes the king of retail, as far as im concerned. He does the most work. He drills down. Talk about border tax adjustment in Corporate Taxes, retailers could be losing sites a f, abercrombie is losing. Theres a hold to sell he does for nordstrom which is, by the way, the finest experience when i go. They know my shirt size. They know i like cuff links. He takes it to a sell because business is so bad. Blake nordstrom says in the malls the worst since 1972. 72, for heavens sake. The winddown of the vietnam war. Nixon presidency, very bad inflati inflation. Wow. Sh a very damning piece about the mall. Howard schultz said two years ago the mall would be dead. We saw some doing better, we started questioning it. This is a death of the mall story. Its a secular decline story. After i read this, i said the boss is the boss. Sinatra and springsteen but, secondly, amazon, youve got to buy amazon off this call. You look at a chart of store retailers versus nonstore, its ridiculous. He does say theres no magic bullet. Is that devastating. And i saw mall traffic in december is pacing for the worst the worst. I was going to go to the mall this weekend. Im rethinking my plans. Well watch traffic. Thats getten even more key. Well get the opening bell in about 4 1 2 minutes. A lot more with jim. Dont go away. Ive invested a lot in this game and the returns i get out are measured in reps, huddles,bright lights, competition and games played. At Td Ameritrade we believe the best investments are the ones that matter most to you. Youre watching cnbc, squawk on the street, the opening bell in about a minute and a half. Dow 0k, continues to elude the bulls. A lot of viewers write in this reminds me of nasdaq 5,000. You cross it intraday and then spend years trying to get back to it. We go back to nasdaq, those companies were making so little money. You had cisco at 80 terms earnings. The multiples are not outrageous. I did a road map for mad money how disney