. good morning, it is 11:00 a.m. at moderna headquarters and 11:00 a.m. on wall street and "squawk alley" is live ♪ >> good monday morning i'm carl quintanilla with jon fortt. it is all about moderna as they

join fizer pfizer you can see we're just about 20 points shy of the all time high on the dow a lot of news to unpack. >> we got the news from moderna showing the vaccine is more than 94% effective in preventing cases of covid-19. we saw details in the study showing it prevented severe cases of covid-19. so that a very strong result comes, of course, after the pfizer data last week showed that its vaccine was more than 90% effective. the first two out of gate showing incredibly strong efficacy questions do remain including these preventative cases of covid-19 but do the vaccines sprent infection with the virus completely we don't yet know that we also don't know because this is a brand new virus and these are brand new vaccines how long this protection will last. so those are things that are going to come and be answered in the future looking at these

data so what happens next well, both of the companies soon are going to file with the fda for emergency use authorization. the fda will then hold what is called a virpac, a meeting of outsi outside advisers after that, they make a decision on the vaccines. if they're cleared more market, a cdc advisory group called acip weighs in on how to prioritize the vaccine. now here's what we're hearing about supply coming from hhs secretary and others at the nih. they say by year end there should be enough for 20 million people pfizer and moderna's vaccines by the end of january, that will include all seniors and first responders being able to get access to the vaccine. then as more manufacturers have the data and more supply from these two companies comes on line, starting april, may, june, july, dr. fauci says the general population should be able to get access to these vaccines as well which the moderna ceo spoke about how they've been able to

ramp up manufacturing and why we can't just have a billion doses right now. here's what he said. >> the reason that we're not able to make a billion right away is this is our first commercial product and so we did not have like the older technologies, manufacturing capacity already built. we had to build everything this year the good news is bright because there is going to be more. we'll be ready with capacity and we want to engage with governments to see how we can do more work to get prepared. >> so he was talking about the next outbreak because there will be more. thoord thi hard to think about that right now. this does put us in a better position however, we have to get through this one and right now we're at the worst point we've ever seen in terms of case numbers in the u.s. guys >> yeah. a little easier to think about when we feel perhaps a bit more prepared with this news. a couple things caught my eye

about this that i'm hoping you can clarify for us one is that this moderna vaccine seems to be good for 30 days refrigerated which is a bit clearer on the logistics front perhaps than the pfizer vaccine. then the other, i wonder, is the next phase of what we're looking for, these one dose vaccines and whether those work out and have high efficacy as well? >> there is a standard fridge. and cvs and wallgreens all have these. just to store insulin. that will simplify the distribution process pfizer's vaccine has to be extremely cold and have the sophisticated shippers to make sure that happens. yes, jon, we're looking at johnson & johnson testing a

single dose vaccine right now. they're also testing two doses they want to make sure they get best protection. and then, of course, we're going to be waiting for more data from as t astrazenica. the vaccines will get better the second dose do you feel tired and achy so these are first round vaccines amazingly the efficacy is very high though. >> you talked about the idea that a vaccine could prevent against disease versus infection. can you explain that more? what are the implications of that >> yeah. it is really important i mean, a vaccine that can prevent you from feeling sick and most importantly that can prevent from you getting so sick you have to go to the hospital will make a huge dent in the pandemic what we're so worried about isn't the case numbers we're worried about the case numbers because they lead to hospitalization and death.

and that's what is so horrible and overwhelms health care systems and shuts down our economy. that is really important but if a vaccine doesn't prevent infection with the virus completely, you're still spreading the disease. if people are not vaccinated, they can catch the virus and could still have severe disease. so that is why a perfect vaccine would prevent transmission of the virus completely and we just don't know that yet. so they're looking at the data over the coming weeks and months and we'll be able to tell us more about whether this has -- what is known as sterilizing immunity, actually preventing infection. >> all right so important, meg. thank you once again on the moderna news this morning. we're joined today by former d medtronics ceo he jou he joins us today. >> there are so many different directions to go with this what do you find most interesting, the environmeffica?

storage? supply >> i'm excited about the efficacy you recall the fda criteria is 50%. well, i'm not sure that gives me confidence flying on an airplane full of people, for example. so i think 90%, 94.5%, this is stunning now admittedly this has to be confirmed. we look at all the data and complete all the trials. but i think having two major companies coming out back to back and tells us that we're going to get there we're going to get there also with supply, carl. and, again, want to give credit to the trump administration's warp speed they funded these people in advance not just for r & d in this case, but also they gave them the contracts which you don't always get for the 100 million to start, 400 million option to follow and i think you'll see with j & j coming and others, we're going to have multiple vaccines which very good news not just for the american public, but people

around the world that will ease the distribution issues. now as you said, they're not going to get out there before the end of the first quarter, second quarter but that's very good this is key to unlocking the economy. we can't get the economy going fully until we have a vaccine that people feel confident and if they feel marginally confident, they won't engage in big events and it comes at a critical time because of the disease is ramping up so quickly right now. and we don't know where this rapid ramp up is going to end. all the curves i see are straight up. that's very, very worry so many to all of the doctors. last week i spoke to a ceo in talking about this he said, you know, we know now that it works. this technology works. the there will be others that work we feel confident. we do want to look at all the

data, all the subgroups and see, and see if we can answer the very question you raised is this truly sprentipreventinge or keeping it from harming us? we'll learn a lot more later i think we can move ahead with the eua. the fda has a very sound procedure in place to do that. >> we look forward to seeing that request made in the coming weeks. i do wonder that dr. fauci said that general population, no core morbidity, people like you and me are looking at april. so between now and april, what does the debate look like about movement restrictions, about mask wearing it's going to get a little more cloudy if some people will say, look, i don't need to do that, i already got the vaccine. >> let me say that first of all, finding a vaccine for a novel coronavirus is extremely different science. the fact that so many companies are working on it and getting results just shows the power of

american innovation. moderna is very small company. and they've done it. and pfizer team with the german company. and we see the power of innovation on the one hand now having said that, i'm very concerned that we don't get control of it right now. let's get back to easy things. easy things is wearing a mask, staying six feet apart from other people we have to do that for the next four, five, six months until we all get vaccinated anything else is foolish >> along those lines and thinking about the way forward, the trump administration, kudos to them for operation warp speed. they're not cooperating with president-elect biden's transition team on matters of covid-19 or other things does that concern you at all from a virus policy standpoint >> of course it's a huge mistake. they need to be working in

tandem like the obama administration working with the strum p administrati trump administration and particularly now, we didn't have a pandemic then we had a financial crisis in '08. they worked together very closely. i think that's essential that they do that. and bide pinlt tn appointed hisk force. i reviewed the people on there, very capable people. i think they need to work together openly. science is open. it has to be available to everyone and, yeah, it concerns me. i think that will ease after a little while, the georgia recount. some of the other votes become solidified and they start voting i think that will ease off and back away from that and recognize that president-elect biden is going to be taking over and to work closely with this team i'm more optimistic that will be allowed to happen. but it's going to cost us vital weeks right nour we ha now we have no time to waste

look at the rapid escalation infections are up over 140,000 a day. >> right, bill as we watch those numbers climb and they are very concerning, we have the new sort of covid-19 team coming into place what is your view on lockdown wlz that be partial or full stay at home mandates what do you think the winner is going to bring us? there are a lot of talks saying we don't need to go to the full lockdowns again. but as we're seeing the case counts are rising at an alarming rate, do you think that's on the table? >> i would hope not. i think a full lockdown would be a mistake at this point and, frankly, that would probably have to come from each of the state's governors. things move across state lines w north dakota and south dakota and wisconsin being the three fastest growing states in the nation, people travel and back and forth to work. i think a full lockdown -- look, not being in a group of more than 10 people makes sense

trying to stick with your own families and be being cautious it's an appeal that must come from the very head of the government and all the people representing government saying be safe. the governors have got to get onboard. certainly, i'd like to see president trump do it and biden do it. but that is critical that everyone get onboard with safe behavior this is far from over. and if we can just -- these aren't hard things to do vaccine is hard. we can all do this and it's not a restriction -- no, carl, when i wear a mask, i'm not just protecting myself, i'm protectsing you. >> i'm well aware. >> we've seen the spread. >> i wear one, bill. you're absolutely right. it's not difficult soming we troo t so something we try to point out all the time baby steps bill, good to see you. zbll thank you f . >> thank you for having me on, carl >> moderna leading the nasdaq

100. no surprise there. we take a look at the other big gainers in today's train including micron and mxp, they're among the leaders. a lot more on nashgt rally after the break. ybe a little too pet friendly. well you know cdw can design a mobility solution with light powerful devices from lenovo to make your people more productive in or out of the office. anyone have any questions before we go? that's great cause i really need to get out of here. snake people are freaking me out. hey sheryl, you have a sec? -nuh, uh. for work place productivity you need lenovo, and it orchestration by cdw. people who get it. shaped by technology chand human ingenuity,s. we can make it work for you and your business. ♪ new projects means you need to hire.gers. i need indeed. indeed you do.

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analyst and found eastern cio join us now. good morning, guys mark, not every internet connected stop is doing well on this news. some stay at home names i have my eye on are down a bit this morning. zoom down around 3.5%. check is also down how do you expect this phase of having vaccines ramping is going to affect tech >> i think it's going to be a bifurcated impact on tech. so the stay at home names, i would tell them there are netflix, etsy, amazon of the world, they'll face pressure i find interesting in the trading action is the impact is not near as severe as today as we had a week ago. i think the market is going to lock through and try to decide chf the covid-19 win serz doing something structurally different that they took advantage of this opportunity and they created new

business drivers or infrastructure improvements like amazon with logistics to set themselves up for '21 and '22. then people will still go look for the recovery plays and then the consumer internet space is very clear, you get uber and lyft, biggest recovery names and thent travel names >> all right you said the economy markets remain levered to a heavyweighted technology sector. what you are doing positioning wise here heading into the end of this year beginning of next >> yeah. thank you for having me on the show >> if you break down the i.t. service cone kpecomponent is 20% it has been accountable for a lot of the big swings and

profits. for example, operating margins for the s&p 500 hit 11%. but if you exclude technology, it's 10% protect the operating margins are 22%. so that is going to remain significant factor as far as what we've been doing, we have been overweight growth early in the year to a large extent as growth is significantly outperformed some of the more cyclical value names, pull that back a bit, we maintain a net loan position in the space like i said, we have to reduce that if you look at tech, for example in, terms of what we're doing within tech, we've been, you know, increasingly taking a more barbell approach with the value oriented names you think about hardware, the cheap i.t. and cyclical semis and exposure to the secular growth stories think about 5-g, the digitsization of everything and the cloud names.

they got great valuations. some of that has come off a bit. last week we had a standard vent in terms of migration from some of the momentum names and the value names. but the growth story is, even though it's pulled in because of the pandemic, it's still going to play out in the long term >> right mark, coming back to you i want to talk to you more you say that ride sharing travel names are the biggest recovery plays. what are the trends being p it in place right now are longer lasting? or permanent what if people want to go back to hotel rooms, they like racti vacation rentals better. it is possible that the total addressable market is shrinking for the recovery names that you outlined >> you know, i wonder about that and we could be, look, we've been under -- we've been under pressure as consumers. yeah, as individuals for nine months it may have permanently changed our willingness to get on the flights and to get into a car

driven by a stranger or somebody else my guess is we're going to revert won't know for some time i hope you'll have a real recovery in terms of full travel until maybe the second half of next year. from the financial markets, we're going to discount 6 to 12 months can you still make money on the stock as a stock picker on the fundamentals and groupings we won't know the answer to your question until sometime in 2022. did we really recover to the levels that we had back in 2019? my guess is we will. >> finally, you know, i wonder, i'm thinking about the cash levels that some of the stay at home names, the giants, mine, the amazons of the world have managed to assemble. and i wonder, do you see them deploying that in a way that leverages not stay at home dynamics but reopening dynamics. does amazon make a fresh play on something in retail, for example, where it would require

people sh people shopping in person? >> i think that could happen a lot of these, you know, large cap, you know, tech and growth names have a substantial amount of cash that obviously don't have the pandemic and they got more conservative in terms of the capex spend. but this reopening is discounted, there is more of a willingness to deploy the cash and increase capital spending and i don't think they'll be penalized by shareholders for doing so with he could see that reopening and play out and becomes realized. >> all right jethro and mark, thank you. >> thank you >> thank you, jon. >> good way to start the week. >> well, last week was door dash now will air bnb follow with their own s 1? we'll break down the ipo ckpeline heating up wh wco ene me ba

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air bnb expected to release the s 1 today. it was valued around $18 billion. jon, this will be such an interesting one. what a year it has been for this company. they started the year valued at about $30 billion. they obviously got hit extremely hard as all of travel did by the pandemic saw valuation step down. fwh but this is a company from what we know sh third party data, that has largely recovered it seems the trends that we were talking about last with mark mohaney, they're turning towards people that want to do more vacation rentals over hotels they want to travel in the cars versus get on a plane to go somewhere. so i'm really looking forward to seeing this one. they also scaled back their larger ambitions we'll see if that's been the

right move, how much they actually lost this year. >> yeah. i don't know about you, but i don't want to get on a hotel elevator with anybody if i don't have to i'm looking at that expected valuation for on the size of expedia and kind of close to lyft uber is way up at $87 billion. so this would be, you know, significantly smaller in scope, carl, than i would have expected to see from an air bnb we'll see if it actually trades there if it comes public as expected >> think about the house hold budgetses that skiesed travel from the budgets for the last eight, nine months and resum, of that travel would help not only hotels but anyone involved in lodging in general so we're going to wash airbnb very closely when we come back after the break, former new york fed president will join us with

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♪ ♪ ♪ heart monitors that let your doctor watch over you, just like you watch over your best friend. another life-changing technology from abbott, so you don't wait for life. you live it. welcome back here is your cnbc update at this hour hurricane iota strengthened to a category 5 and the strongest storm of the hurricane season. expected to hit done hur as two

weeks after hurricane eta pounded the same countries the world health organization confirmed 65 cases among staff at its headquarters this despite saying that tl had been no tranmission of the coronavirus at its offices the news calls into question safety measures taken at the organization and vienna shoppers are apparently going on buying sprees one lafrt time before a new lockdown stores will be closed for three weeks along with restaurants and leisure facilities and in seattle, toilet paper is sold out in some supermarkets. grossers say that people do not need to stockpile goods but some are limiting purchases of products you're now up to date. this is our cnbc update for this hour back to you. >> seeing shortages where i am too. thank you for. that. >> we're at the bottom of the hour here. let's get to dom chu

>> so we have a record high right now. we've been watching it play out for the course of this morning here you can see up 442 points for the dow. the nasdaq lagging, if you will, only up .3% right now. 11905 the key level there. if you that i a look at the themes developing, the nasdaq has been an underperformer over the course of the last week or so and certainly over the course of the last month compared to the russell 2000 small cap index. this etf tracks the small caps that is over last week meanwhile, the qqq trust, that ticker there tracking the nasdaq 100 stocks, only up about 1.3% we'll see whether that theme continues to play out. with regard to the individual stocks on the move, we've been talking about the stay at home and work at home stocks for quite some time.

look at this today the underperformers on the vaccine positivity type news, zoom video communications, down 3.5% teledoc health off 3% as well. and home gims, peloton up 1.5% the meanwhile, over the last month, carl, the real outperformers are the recovery plays. we talk about live entertainment. they're up 38% over the course of the last month. kpeeda is up 33% carnival is up 30% and dardin restaurants up 20% as well the theme of getting back to normal and going to bars and restaurants that, is something we watch play out if we see, carl, continued vaccine headlines coming up from other companies as well. i'll send things back over to you. >> yeah. live music and maybe live golf, dom next summer. we'll see. thank you. former new york fed pred bill dudley presided over many

decisions on fed policy. he says the fed is out of ammunition he wrote about that on a op-ed last month we take a look at the dow at fresh all time high levels bill, good to you have welcome. >> good to be here your piece was titled the fed is really running out of firepower. that was in late october i wonder with the vaccine news we got since the time of that publication maybe we don't have to find out if that is true? >> good news is we see a light at the end of the tunnel we know that the pandemic is bad through winter we know that is going to cause damage to the economy. once the vaccines get sent out, it's going take 6 to 9 months and see it coming out the other side that's what the stock market is reacting to. this is not forever. it is for another six to nine months and people can look through the bad news that said, it doesn't chafrmg the fact that the fed really

doesn't have much firepower to protect the economy over the near term. i think committee he is going to tougher as we go from fall into winter both because of the fiscal stimulus is wearing off. there is more social distancing and shutdowns. we can see the light on the other side >> i'm still seeing various pieces written about, say, the strength and household balance sheets, ability to pay back debt the savings rate is high a cushion that i guess in some people's view could get into next stripring. are you more confident if we have the guidelines from vaccine makers that we might know how long the bridge has to be

constructed? >> we have to be careful looking at the aggregate savings number. that may be high income people not going on vacations, not doing things they normally do. so the savings is artificially elevated there is a lot forbearance in terms of rent and mortgage payments the so they also could artificially make people's balance sheet look better than what it really is. it is good to know that the fiscal stimulus provided a bit of a cushion in the fall the furnl we get away from that cliff in july, the more risk we have for the economy in the near term do you think this focuses the case for stimulus? we're looking for about a year's worth until at least we're in an entirely different territory

might that allow the parties to be a little more specific about what is needed and what is not i think it provides a stronger argument for the fiscal stimulus it's not open ended now you basically want to prevent scarring to the economy in terms of people's balance sheets and small businesses and things and a little fiscal stimulus can go a long way and do some scarring of the economy you could have a stronger recovery on the other side >> great certainly it could provide a stronger argument for fiscal stimulus but sometimes we see that doesn't always fall out. where wh what are you actually expecting?

do you think it will be enough to prevent what you just called the scarring long term scarring of the economy >> i do think it depends on the scope. one of the big arguments going on about aid for state and local government, i think aid to are state and local government is part of the fiscal package otherwise, states and municipalities are forced to cut spinneding to balance the budgets. that means layoff of teachers and policemen. that doesn't seem like a sensible thing if you want to generate a sustainable recovery. it is hard to talk about balanced bunlts during a time like this. we seem to be in a political situation where everybody likes to spend like crazy when they're in power when they're not, they want to talk about deficits. do you think is perhaps a more productive way about gings to talk about how we pay for all of

this on the other side revenues have to come from somewhere, right >> well, i think that you're absolutely right you don't want to just engage in more and more fiscal stimulus over time. you kaust the capacity of the government to take on more debt. but in a period of recession that, is the time you want to do this there has to be a conversation about why now and then what do you do about it later in terms of getting the federal debt on a more sustaining path? >> do you think if the delivery of vaccine comes in a sharper view we'll hear a different tone in fed policy communication by year end or is that something they'll let burn bright before they come out and discuss how it might affect future fed policy

the fed said they're not going to raise interest rates until they see three things happen, the economy back at maximum sustainable employment, two, inflation at 2%, and three, inflation likely to go above 2% for some time. they think that will take quite some time because of scarring. i don't think you'll see a near term change in fed policy any time soon. you would agree that scarring will elongate the process? i mentioned the optimistic view on household balance sheets and even new business creation people are still trying to build bullish cases. >> we've never been through anything like this before. there is no good template that can point back to and say, sure, the economy will bounce back or, no, the economy will be harmed for many, many years i think with he have to be humble about what the recovery is going to look like.

>> that's definitely true given the unique way in which we close the economy down >> bill, thank you we talked about it last month a lot. thank you. bill dudley. >> thank you. >> as we thoed break, like an adult kid moving back with a parent, hd supply holdings is soaring today after home depot announced they would require the company in a deal worth about $8 billion. the wsom 1ne ces3 years after home depot first spun out h spu out hd supply in 2007. at fidelity, you'll work with an advisor

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two stocks taking part in the rally, uber and lyft both have been on a terror for november lyft is up 70% since the start of the movement it remains in negative territory for the year. uber is in the block here toy.da we'll continue to watch those stocks "squawk alley" returns in just a moment this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity.

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president-elect joe biden and kamala harris will speak later this afternoon to address plans for a post covid-19 economic recovery. what can big tech expect to see from the incoming administration joining us now to discuss, the r rico co-founder, kara swisher. >> is there sort of a big sigh of relief for big tech biden hasn't called for the breakup. but he's been tough on things like facebook misinformation, what are you expecting >> i think it's a real opportunity for tech to reach out and start to make reforms that they should have made themselves it will call for a lot of self regulation it just depends on who the biden administration brings in and iny spots like the justice department or who is running the ftc, stuff like that

>> we're getting some indication on this. we know that tech was a major donor to the campaign. we're seeing him bring in executives in the tech world so what does that make you think? >> i think people are overestimating people. i think there are a couple lawyers and pr persons i don't know if they're such big names. they're going to sprinkle different people throughout the various thing ws whether it is covid-19 distribution. you'll see them throughout the administration the question is who gets the big job? they could expect tech that is a big signal that doesn't seem to be the case i think the biden administration is going to have, as they have in winning this election, they'll be a middle of the road approach i think they'll try very hard to get bipartisan action. you'll see privacy sill and ad

bill in congress i don't think it will be the end of the world for tech. at the same time, i think they have to really have guardrails put around them. i think that's where it's going. >> kara, this is going to be controversial. they might come to me for saying this, but i think this election day, facebook and twitter have date of birth a decent job when you look at the limiting of the spread of rhetoric that would undermine election results and the counting of votes and the groups trying to spring up does this change at all your perception of how particularly bb is doing at combatting misinformation and the vie rat spread of groups that would undermine democracy? >> i think they've done a better job. twitter has born the brunt of it they got attacked for using when president trump tweeted i won the election there are differing reports on

this twitter is getting a lot of right-wing attacks on it in general, they've done a great job in this instance it's pretty late in the game is the issue. i think the issue that he made a miss on this thing i think spot fi got rid of themt definitely in the right direction. dec directionally it's correct and they kind of had to, didn't have a choice we'll see if they exercise a little more editorial control over their platforms >> it's ridiculous president donald trump is lying and they're label says this may not be the right thing

president clinton biden and kamala harris were pretty tough on social media going in you have seen how she has kind of circulated in the tech community. how do you really expect her to approach that hometown crowd >> it's a question of how much power she has over this kind of s stuff, right there was some privacy stuff, she was pretty tough on technical. she's sort of another middle of the road person. she's not down elizabeth warren's lane but she certainly has concerns about tech. you're going to see a lot of bipartisan commissions on everything, right? and i think that's probably the way to go here rather than pick a fight. if you can get tech's kw cooperation to police itself, i think the ftc needs to be more active

i hope they'll push innovation and remove the power of big tech whatever sector you're in, because i don't think it's one monolith, so that new companies can thrive and hopefully take these companies' places eventually that's how it always goes in tech and it's always for the better it seems to me. >> i read some pieces that said that uber coming off of prop 22 should package their strategy and help tech win other initiatives in other states. i wonder if you think tech has found their sea legs or is this specific to california >> i think it's specific to california i think you're going to see a lot of reaching across the aisling to the unions going on i interviewed john wimmer. they're not going to escape the idea of workers needing health benefits we all understand the changing economic landscape for employees

needs to be thought about, again in a bipartisan way. like what is an employee i don't think it's a pass. it certainly added to uber's market cap they really do now have to make the adult moves and really figure this out together with workers and everyone else. and i think this can't go on and on and on forever where one one-ups the other. we have to redesignate what workers are and figure it out so that everybody benefits, including the businesses and including employees. >> i'm with you on that one. >> i'm very bipartisan today i don't know why >> i know! you have been. we're not used to seeing this from you but it's a good look. >> i still think some of them should be broken up and they shouldn't have market power over everything i do i think there's some really justice department action, it will be interesting to see if that continues >> i have no doubt we'll hear that case from you very soon i look forward to it thanks so much

>> let's go over to kayla tausche who has more info on biden and harris kayla, over to you >> reporter: in just a few moments we're expecting the vice president elect and president-elect to meet with labor and representatives from corporate america, including the ceo of microsoft, the ceo of target and the ceo of gap. even the representation from corporate america does skew toward those who represent manufacturing and hourly jobs. so a much different dna than the large scale ceo advisers that we saw convened by president donald trump in his early days but nonetheless we'll see what this group has to say to the incoming

administration about where the economy stands right now and how their work forces need support back to you. interesting collision between the transition team obviously and corporate america. first time we've seen that in such sharp relief today. thank you. the dow continues to flirt with mott just record highs but0k, 3 which is just a little more than 100 points away. don't go anywhere. - as the original host of "wheel of fortune" i was blessed to be part of building one of the greatest game shows in history. during that time, we handed out millions of dollars to thousands of contestants. i thought, what if we paid the contestants their winnings in gold instead of cash and prizes. back in 1976, we had a wonderful contestant named lee, whose 3-day winnings were valued at $12,850.

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space travel and the way private enterprise fits into all of that it was an amazing thing to watch yesterday. >> it certainly was. this is the second time this year i've sat down with my young kid and watched a rocket be launched this is coming from a private company. it's certainly a new era it raises questions, how far away are we, john, from space travel it's one of the biggest tech stories of the month and feels like it's only getting bigger. >> i have to go back and mention first black astronaut to spend one period of time on the space station. we're seeing that with this launch as well it not ju it's not just that as far as the marketplace, apple up 1.25%, up above the 2

trillion mark. >> big week for retail earnings. we're going to get walmart and home depot in the morning, long with kohl's, nvidia and workday, and intuit in the mix. we'll keep our eye on 30k. let's get to the half. welcome to "the halftime" report the dow hitting an all intra day high joining me, joe