it's 5:00 a.m. and here are your top five at five sitting at records stocks doing something for the first time in three years. the golden state shutting down again california imposing new restrictions cases are on the rise. some business owners say they don't understand all the rules we'll speak to one hope shines eternal. the fda holding the first of two key meetings this week on authorization of a covid vaccine, what it could mean for the recent surge in washington new developments expected today around a nearly

$1 trillion stimulus package heading down south, maybe. what goldman sacks is reportedly thinking of doing. it's monday, december 7th. this is ""worldwide exchange." ♪ good morning, good afternoon, or good evening welcome from wherever in the world you may be watching. i'm brian sullivan thank you for joining us here is one reason to like this monday there are 25 days left in the year 2020. it can't get out fast enough can we agree let's see how your money looks now. futures are down about half a percent down dow off about 133. wall street coming off another good week for stocks the dow was up last week that's the ninth record close of the year on friday of course, it's not just the

dow. the s&p and the nasdaq also closing at record highs. that's the first time the three have done so at the same time! three years. that's an rbi for you. hard to believe but true one thing watch, of course, inside the markets is this increasing growing fight between so-called value and growth stocks the two kind of at an inflection point in some ways one on the way up. one may be on the way down or at least flat something to watch inside of so-called value? keep your eye on the financials. if you haven't been paying attention, you should be the xlf etf has been spiking right now at the highest level since all the way back on february 25th. any small and regional banks have done well, interest rates on the rise have helped lately look at the push the last couple of weeks for financials. let's go around the world. the show is called "worldwide exchange." asia mostly lower. china reporting exports had the biggest year over year gain in

three years. their main index up 18% over the past year the shenzen, their tech-heavy nasdaq, if you will, up 31% in 12 months. one of the best performing major indexes in the world and in europe, shares mixed amid some last-ditch brexit associations uncertainty that a deal there hitting a number of overseas markets including currencies that's right the british pound taking a sharp move lower against the u.s. dollar this morning. we have to watch sterling, as well we don't talk a lot about currencies unless there's a big move and that's a big move for currencies down 1.3% on the pound, as you can see all the major british banks, lloyd, hsbc, barclays are all down, 1, 2, 3, even 4%. watch the financials overseas. watch the currency markets our dollar has been weakening a little bit lately, as well

except against the sterling this morning. why don't we stay there with europe and a developing story and a good news one to start the week the uk's national health service said it will begin vaccinating patients at least a dozen locations beginning tomorrow start of what could be the single largest immunization program in that nation's history. juliana has been covering the story since day one. she'll stay with it, as well it's a big day for the uk and many of its residents tomorrow how will the vaccination program work >> well, brian, it absolutely is going to be a huge day tomorrow here in the uk over the weekend, refrigerated containers holding the vaccine have been arriving in the uk from belgium upon arrival, it undergoes a quality assurance process taking up between 12 and 24 hours then the cases of vaccines are zriblted to hospitals, which will be the first places to

actually offer the vaccines to the public this morning we saw some footage from a university hospital, which is one of the hospitals here in london, one of the first to receive the vaccines. you can see the cases being actually distributed this morning. so very, very exciting footage too take look at in terms of who will be first in line as we discussed last week, brian, in the uk we got a list of nine different groups of people who will be given access to the vaccine in this first phase. initially, it will be front line health staff, those over 80 years old, and care home workers. they're going to be first in line to be offered this vaccine. in total, britain has ordered 40 million doses of the vaccine this week we're expecting to get 800,000 doses. that means the bulk of the vaccinations for the phase one will take place next year. tomorrow all eyes on those hospitals that will begin rolling out these openlations. >> juliana, i want to put you on

the spot because i have a couple of questions it plays into the way we'll do it in the united states. we know the health care workers, first responders, as they should, they're the top of the list they probably understand the game for everybody else, the elderly, 95, 90, 85, 80 years old how are they notified? how do they know to go to this hospital, on that day, and get the vaccine? >> so, brian, in contrast to the u.s., the uk system is very centralized. given that the national health service is running the entire program. so people will be contacted by the nhs when it is their turn to come in. their local nhs authority, whether it be their gp or another local community clinic will notify you directly as i understand it, in the u.s., a lot will be done at a state level. so it will vary depending on where you are in the country in the uk you can sit back and wait for the nhs to contact you. >> yeah, then you've got,

probably, i guess, i don't know if you have a limited amount of time do you have to cue up on a specific day is it like, literally, okay, mr. sullivan, at 10:35 a.m. on tuesday. i don't want to go too much in the weeds and put you on the spot but, i mean, there's going to be -- i would imagine, among a significant portion of the population that wants to get vaccinated, a rush it's going to be a big couple of days and weeks >>well, to put the numbers into context, until the uk has ordered 40 million doses, it will take two douse -- doses to vaccinate someone coming through. the uk population is about 67 million. when it comes the potential rush of people who want to access these vaccines judging by how other nhs procedures are done, the nhs will contact you to say it's time to come in and schedule this appointment from what i understand, it may vary depending on where you are in the country, whether you receive a letter from the nhs, a

text message these are different ways the nhs typically contacts you we'll wait and see hopefully we'll get to speak to some people on the initial list in the coming days. >> certainly a big week of big stories. we're glad you're on the story juliana, thank you so much as theuk starts to vaccinate, here at home our congress is still stuck in stimulus negotiations but there is talk that a bipartisan group of senators could, as soon as today, unveil a new $908 billion economic relief bill reported to be in is $288 billion in small business aid. $180 million in unemployment benefit that increase weekly payments by $300 $17 billion for the airline industry however, question marks remain about whether that new plan will earn a vote on the senate floor which, of course, is everything.

nbc's tracie potts joins us now with more. good morning >> reporter: good morning. they're trying to get it done and get it done quickly in part because congress is leaving on break and in part because people are suffering and some of them are going to be running out of benefits and protections this month. let's go back to the vaccine for a moment as she was saying in the uk, here in the united states, they're going start with health care workers and nursing homes but the u.s. is hoping for a vaster turn around than we saw in the uk. we could see people starting to get those shots this week. fda advisory panel meets on thursday to consider approving the pfizer covid vaccine. >> 36 hours from approval, potentially, the first immunization could be taking place. >> we'll focus on those most vulnerable and those on the front lines of treating people with covid >> reporter: making the vaccine turned out to be more difficult than expected. the government said they're six to eight weeks behind schedule

and it's still not clear if people who get the shot can still spread the virus. >> we don't know yet it's a very important question >> reporter: the government's operation warp speed designed to push out billions of doses quickly briefs the biden transition team this week. while congress tries to push out relief. >> we have a few remaining issues i think we can work them out. >> it's a deal we must come together >> reporter: the focus people who are hungry and need help now 12 million americans could lose unemployment the day after christmas. small business loans are running out. millions face eviction at the end of this month. >> we're giving relief to the landlords on the condition that the person not be evicted. >> reporter: the house is set to leave thursday, the senate next week the rush is on to get this done. and congress trying to get that done plus the defense authorization and government funding bills in the next week or two, brian.

>> and they go out on friday, correct? >> reporter: the senate goes out -- the house goes out this week the senate is set to go out next week so they're trying to get things done this week in hopes that the house will have to extend another week before they go out on break. >> yeah, don't you wish we had a month long or so christmas break? if they don't get it done and they go away -- >> reporter: that would be nice. >> sounds good unless they come back for a special session, we're looking at 2021. >> reporter: yeah. exactly. >> all right nbc's tracie potts thank you. have a great day now back to the markets and your money and your first guess today is positive on stocks in the near term because of one big number $4.3 trillion the chief strategies at bmy bell lum joins us

it's the amount of cash sitting in money markets around the world. just doing -- collecting virtual dust that could be a big-time book for equities if even some started to come into stocks. do you expect it to happen >> i do expect it to happen. if you look at the actual numbers, there's $700 billion in cash more today than there was in february. so overall, investors are cautious sentiment has recently gotten very optimistic. it suggests they may have a cause coming there's fuel here and fuel for another leg higher we think the short term will be the air pocket covid slow downs california's 9% of u.s. gdp. there's going to be some effect on the real economy as covid spreads before we fully vaccinate people i can't imagine the market ignoring that forever. there may be a moment of truth the s&p is trading 16% above its 200-day moving average

i would look to there for where we might consolidate. >> we talk about historical trends, you know, 13 out of 13 times the set up coming into december the s&p is risen in december the so-called santa claus rally. here is the thing, santa claus didn't have to deal with covid. >> very true look, i think that some of december's returns may have been pulled forward into november as we got week after week of positive vaccine news. what we need to see here is the lame duck stimulus bill to really keep this going so last week i upped my percentage probably and wrornt we're going to get the fiscal stimulus bill. i think we might i think we can do that i think that labor report that jobs report on friday was a rude awakening to the fact that the expansion is slowing and there's some risky moves that they report as economies in the u.s.

are closing. so i think there's fire under the feet of congress and i hope they take the bait and run with it. >> when we look inside the markets, it's your data. i'm going to use your words, back to you, alicia. 63% of the s&p 500 is trading above the 10-year yields 10-year yields have creeped up a bit. i mean, is that sort of income opportunity there from some of the companies going to be the hook that brings people back in? the idea there's no alternative? is there some more fundamental reason to own stocks other than, well, this gets me more than that >> well, right now we think the bond market is extensive even with yields moving up in the last few months. given that dividends are higher in this, okay, we like stocks for the fact there's no alternative. there are other options besides

global fixed income where you can get return it feels like the profile is positive if we can get look to the second half of 2021 as being a much better time and stronger period of growth, the sovereign debt profile may not look that great. >> are you on the small cap train that we've been talking about so much the last couple of months, alicia >> i am. i'm on the small cap train that's forbes coming out of a sick kl recession. >> good stuff there. watch out the next couple of weeks and months could be bumpy. the air pocket you talked about is covid cases and hospitalizations on the rise thank you very much. >> thank you we are just getting started here on "worldwide exchange. when we come back on a monday, a flood of new offerings that could bring more than $7 billion of much of needed new stock into

the market airbnb the headliner and a potentially huge blow for new york city. goldman sachs considers moving out of manhattan caught in the cross fire we'll speak with one small business owner in the bay area california issued new lockdown restrictions in busy hours still ahead, dow futures up 135. we're back after this.

0505. welcome back it's 5:18 in times square. just getting started the city slowly comes back to life the next couple of weeks and months we'll find out by the way, we have a big new york story in a moment for you room renting, new sanctions, and tax breaks some of what is topping your news this morning let us start with airbnb reportedly planning to boost the ipo from $66 to $60 a share from through $44 to $44.50. it would push the potential evaluation to about $42 billion. door dash also going public this week planning to raise about half billion more than it did at first. the potential valuation for doordash is $35 million. also, happening now the united states preparing to

impose new sanctions on at least half a dozen chinese officials over their alleged role in beijing's disqualification of elected opposition officials in hong kong. according it reuters, the move, which could come as early as this week, would continue to increase tensions between the two countries as president-elect biden prepares to take office. and here is a big one for the big apple. goldman sachs reportedly weighing a move of its asset management division from new york city to florida this is according to bloomberg executives at goldman reportedly have been scouting office locations in south florida and exploring tax and lifestyle advantages goldman's unit is not gone yet it could decide against the move to florida still but the report said that goldman may be looking at dallas, where it has been expanding in recent years, as well no doubt more on the story throughout the day here on cnbc.

a regular rollercoaster ride a lot of confusion and fear about the future one leading restaurant owner's take on california lockdowns that take effect today he'll join us live from san francisco when "worldwide exchange" rolls on next. today's big number $1.84 billion. that's the estimated revenue for apple's app store for the month of november, according to sensor tower. erat represents a 32% increase ov the year ago period

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welcome back in. good morning let's get a check on the other top headlines including the potential exit of another trump administration official. francis rivera is in new york with more. >> good morning. william barr is mulling weather to step down before president trump's term ends next month three people familiar with the matter told the "new york times" that barr could announce the departure before the end of the year a week after the president lashed out at barr's announcement that the justice department found no wide spread voter fraud. barr has yet to make a final decision resources tell nbc news that president-elect will nominate california attorney general to lead the department of health and human services

the harvard medical school professor and the chief of infectious diseases at massachusetts general hospital case x launched the dragon ship it includes christmas gifts and a holiday meal for the astronauts on the international space station. this marked the 21st cargo mission for nasa and the 24th launch of the year no, santa won't be delivering those gifts up there they'll leave it up to the falcon 9 rocket. those are your headlines for this monday >>well, he can probably move a little bit faster. donner and blitzen has been lad lady -- lazy francis, see you tomorrow. thank you very much. straight ahead, it's back to business and a bit of a boom for the new ford bronco. look at it the hotly anticipated truck, though, going to make potential owners wait a little bit longer.

plus, why bank of america said investors got to hold fast. the stat you've got to hear on how much the world is actually growing right now. even in the face of covid. we're back after this.

is your money on pace to end the year strong? it's a big week and we'll lay out the big five things you need to watch one of those a key meeting of

the potential emergency authorization for one covid vaccine candidate. we'll lay out the road ahead to mass immunization. and your morning rbi is the classic old versus new the moment bitcoin and why you can't count it out yet it's monday, december 7th. this is "worldwide exchange" here on cnbc welcome back and good monday morning. i'm brian sullivan 5:30 on the news thank you for joining us here is how your money and investments look now stock futures are down a bit just under .5 of 1% on the dow that's about 116 points on the dow. the nasdaq is a little flat. this amid of positive comments

coming out of another big firm over the weekend bank of america writing, quote, "despite the rising number of covid-19 cases in the u.s. and vaccination execution risks, the latest update of our bank of america library of proprietary indicators in november shows that the economic recovery is gaining momentum." bank of america also noted that 32 of the 41 major countries they track are showing positive manufacturing reads. it goes to the point about the huge level of port traffic that we talked about on friday. so bank of america noting some very positive and big economic tail winds, suggestion the right word, not head winds, tail winds coming for the world let us keep an eye on the early trade in europe. it's mixed now the big story is not the markets. it's brexit. talks are entering their 11th hour with, again, no real deal made over the weekend. now some of that uncertainty is

sending the british pound sterling sinks against the u.s. dollar more than 1% that's a big move for any major currency and that move, by the way, has shares of the european banks down in a big way. look at that banco santander losing 3%. we'll go down to our man all things brexit, steve sedwick outside of westminster with more where do we stoo-- stand to sta this week, steve >> reporter: yeah. i want to be clear about this move on the pound sterling, brian, as well we're trading at 1.32. we were knocking on the door at 1.35 we have come off a bit we're still trading above the mean for the post brexit vote period the last four years 1.30 has been the magnetic level. people are still on the balance

of opinion think there's a potential to get a deal here, as well below 1.30 that's a sign of pessimism. that said, it's ban torturous few days to watch the process moving in slow motion. on friday there were high hopes things could happen. then a pause in the talks and the eu counsel president and boris johnson, the uk prime minister, had a one-hour conversation on saturday where absolutely nothing came out of it apart they were going to redouble their efforts to try to get a deal, they said is problematic. then the talks moved on to brussels they were in london last week. the british negotiated they were talking last night michelle has been talking to eu ambassadors today and hope the deal with the key sticking points we talked about are still on the table. >> and the knee bone is connected to the thigh bone. okay there's a lot of things.

a lot of people in play, steve talking to each other, as well ultimately, again, because we get a little -- it's easy to get confused it's early here now. is there some kind of literally a hard out i mean, we've been talking about this for three or four years what is the timeline now >> reporter: yeah, there is a hard out it's 7th of december, the hard out is 31st of december. up until that moment, there's a potential opportunity. you center to feel that one of the players is going to walk if there's no progress in the next 24 hours or so of the key players, one more name and that's the french president macron he said the world knows every one knows they have a veto i'm told the viewers this time and time again phishi-- fishingn both sides of the channel but it it's a part.

sim we've seen extraordinary we're not talking about financial services we're not talking about the aviation industry, and all the other massive european industries that is confronting us at the moment. >> good stuff there. seeing most of the markets in the red. the banks get whacked this morning, as well steve sedwick, thank you very much well, as you might have noted, this week is shaping up to be a big one for you and your money. breck's ate big part of it but listen up. here are the other five big deal events you need to watch this week let's start on thursday. it's the crucial meeting between the fda and advisors to talk about the pfizer vaccine candidate for emergency use authorization. approval is largely expected back it up to tomorrow

tuesday. small business optimism numbers. foot traffic keep rising or come back down as more government lockdowns kick in? on wednesday, 10:00 a.m., you get the job opening and labor -- i like it more than the monthly payroll numbers. there are 6.4 million open jobs in the u.s. now. watch on wednesday just how many corporate bond etf has the fed been buying? it matters to the market that obscure data will roll out on thursday. also on thursday quarterly equity futures start their roll over. it is possible that option shift could create some near-term volatility for the s&p 5700. we have seen it happen before. call it wbi. wonky but important five maybe under the radar but important events certainly this week certainly one that is not under the radar is that first one and that is front and center on everybody's minds now. that's the meeting between pfizer and biontech and fda to

talk about the potential approval of their vaccine candidate. it's one that matters for the u.s. and all of humanity we'll bring in dr. carlos del rio from emory university. it's good to have you on cnbc again. it's an incredibly crucial time. and i think, you know, not to sort of be competitive about it, but there's a lot of people out there, i'm sure you've seen them, wondered the uk has approved they'll start inoculating tomorrow bahrain approved a vaccine candidate a couple of days ago why has the united states seem to be dragging the heels a little bit >> i don't think the u.s. is dragging its feet. the u.s. is doing due diligence. as a scientist, i have yet to see any actual scientific publication with the data from pfizer and mo der thderna and av seen is press releases so the fda, i'm sure, is

reviewing the application. the applications are very complex processes. i think they're doing what we need them to do, which is due diligence. they're going to go to the advisory committee and remember, what we want to do is be able to give a safe and effective vaccine. i think the fda is doing exactly what it needs to do. >> and so approval -- i don't want to say it's guaranteed but it's expected. i think that's a fair statement. do we have any idea of the timeline, doctor, as to when we get that formal approval how fast we could actually begin to inoculate? >> i think vaccine is already being distributed to different states to be ready to go remember, it's not fda approval yet. this is just an emergency use authorization. an approval is a more complex process. it's simply saying we're approving it to be used now because there's no other options pending final data and final

results. so it will be issued after the ua will be issued, i suspect it will take no more than three to five days before the beginning of the vaccinations the two groups the cdc recommended be the first to be vaccinate which are health care workers and people living in long-term care facilities. >> yeah. should teachers be on the list, as well, doctor? >> i think everybody will be on the list at some point in time you've got to remember -- >> i mean, the first i mean, first. as a doctor, you well know all the mental health issues that kids are going through, parents who can't go back to work. economic inequality, sending people that quit their jobs to stay home to manage their zooms with kids. a lot of kids have simply vanished there was an article in the "washington post" over the weekend. should teachers be higher up on the list >> i think teachers will be in the second group of people being immunizationed you got to remember the vaccine, as far as we know now, we're not

sure it prevents infection it prevents death and severe complications. and the people having the most of the deaths and severe complications are people living in long-term care facilities we have get to them. we have to protect them right away then medical personnel simply because with the surge we're having, you know, we're simply cannot run out of medical and health care workers, at this point in time. teachers are probably in the second group of individuals being immunized. i'm pretty confident that by april or may, we'll probably be close to immunizing everybody in the united states. >> and that's -- that's such a measure of optimism, doctor. i appreciate you saying that i understand this is a marathon. it's not a sprint. we're not going to inoculate 320 million people in the next few months but taking care of the most vulnerable is a 99.5% survival rate for the nonelderly and fairly healthy

so that will change a lot in the united states, will it not >> oh, it'll change dramatically we have seen drug and hospitalizations dropping? it'll be a game-changer. >> you know, it's good to have a little positive news on a monday morning to start the week. dr. carlos del rio from emory university, assistant dean there. we appreciate it, doctor you're welcome back any time. >> thank you very much coming up, the owner of the famous cafe in san francisco joining us live 2:40 in the morning there because the face of new lockdowns does anyone understand the new rules for restaurants? that's ahead but, first, as we head to break some of the other sttop stories. airbnb planning to boost the price of the ipo range set to take place later this week chick-fil-a is suing 17 major poultry producers accusing

them of price fixing they are claiming they artificially boosted the price on billions of dollars of the chicken buys from chick-fil-a. and ford is pushing back the delivery date for the new bronco customers will have to wait until next summer instead of spring for the two and four-door models thanks to virus-related problems and the ford suppliers. dow futures down 100 back after this. for skin that never holds you back don't settle for silver #1 for diabetic dry skin* #1 for psoriasis symptom relief* and #1 for eczema symptom relief* gold bond champion your skin

welcome back millions of residents in california are waking up this morning under new lockdown rules. as that state grapples with the

continued surge in coronavirus cases and hospitalizations it's a stay at home order impacting nearly aspect of daily life in many counties. asking people to stay inside as much as possible dan scheneman has more >> reporter: as the number of confirmed covid 19 cases goes up in california, the state is locking down. >> region with the icu capacity is falling below 15%, we are now mandating that we are implementing a stay-at-home order for three weeks. >> reporter: 33 million californians are under the order. they've been told to stop gathering, no more in-person dining, and retail will be reduced. >> we're almost coming up on a year of enduring covid and for them to just take this away, it feels a little extra >> reporter: the lockdown dealing a blow to small business owners and their employees. >> everyone is on the brink of just, like, complete, like,

financial devastation at this point. like, we can't afford the shut down >> reporter: not everyone willing to cooperate side counts department will not be blackmailed, bullied, or used as muscle against river side county res kepts in the enforcement of the governor's orders. >> reporter: just hours before the lock down began, families enjoyed one last trip to the playground. >> i thought we were down with shutting down the playgrounds. it's just crazy to me. >> reporter: the state dealing with a growing number of infections and increasing frustration. dan scheneman, nbc news. as dan mentioned, restaurants and all of their employees are among those impacted by california's new restrictions under the rules, most in-person dining in those counties has been completely scrapped with delivery or pick up the only options left for many eateries who are already struggling to keep their doors open and their employees working. for more on the impact of the new rules, we're join the by david nayfield in san francisco. i know it's a crazy hour there

we appreciate you joining us it's an important story. you've got the audience. you've got the floor a lot of members of congress watching cnbc now. lay it out for them. i mean, we understand the risks of covid, but there has been, as far as i can see, there is zero report that outdoor dining has any other greater risk than any other outdoor activity what would you like to say to the rule makers right now? >> well, i would say most importantedly we have to remember that small business owners should not be put in the position where they need to question the science or the tactics of the rule makers right. we should be in a place where we can trust that our local government will make rules that we need to abide by and our federal government will be there to support us with the social safety net incase we get sheet down through no fault of our own. that's the position we've been put in, at this point. bottom line, if we don't get federal aid passed in the way of restaurants act, i think you're

going see potentially, by the time the year is over, about a third of restaurants closed permanently. >> do you understand, david, the rules? do you understand all the rules as they are laid out i saw a video over the weekend there was restaurant owner in california who was -- their outdoor tents were forced to shut but then showed that there was a film production set literally next door that had the exact same tents that was allowed to stay open. >> yeah, that's -- listen, it's highly frustrating i'm not going to sit here and say i'm not incredibly frustrated my business partner and i have spent so much of our hard-earned money and time and capital trying to pivot in any direction that our local government will allow us to. first it's, you know, no outdoor, then no indoor. everything changes so dynamically. but here is the thing, in our business, we're solution oriented people. if we're given a problem, we try to solve it.

right now the only solve is the restaurants act. i mean, beyond any frustration we have, if we don't get the restaurants act passed, we're going to be in a really, really much tougher situation come the new year than we are today but, listen, i'm frustrated and it's really hard because we're looking at something we just spent a tremendous amount of money to build outdoor dining to make it safe, to follow all these guidelines and all the different things and there's conflicting messages nobody can say there's not conflicting messages like i said at the beginning of the segment, i don't think small business should be put in a place where they have to argue. >> and i love the way you opened it up, david that's what happens now. we're not -- nobody is suggesting, least of you or anybody we have on, let's forget the science and pack people into restaurants maskless, elbow to elbow. nobody is saying that. we understand. science is like the new hammer word it's science you're not saying that what you're saying is, if i'm hearing you right, correct me if

i'm wrong, you told it was safe to be outside. the science says it's pretty safe to be outside as long as you don't fully tent in. that's basically being inside, once again just keep the rules straight is that correct? >> listen, i think bottom line our industry thrives on consistency and on predictability and, you know, that video that you mentioned was heartbreaking. you find someone who thinks they're doing all the right things and then they look at an industry that may have a lot of more work arounds or may have better lobby behind them or may have better attorneys or whatever it is, better relationships at the city level and figuring out work arounds. i understand how frustrating it can be to be in an industry that has historically not been represented, especially at the independent restaurant level, that's why now we've formed the independent restaurant coalition to give that representation to us i think it's important that people go to restaurants.com and sign up and do the call to

action there independent restaurants need your help now. >> yeah. a lot of these folks that work at your places, they can't zoom to work. they have to be home with their kids they've got to monitor all that stuff. it's an important issue and i look forward someday to get back there. david, we appreciate it. i look forward to seeing your team in person thank you very much. >> thank you for having me all right. on deck investors gearing up for another headline-filled trading week the valuing grant is here and the big themes you need to know and a few stocks you may need to own. we're back after this. it's been a tough year.

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of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. . time for the morning rbi today's most random but interesting thing. is the check on the old meeting the new? the old may be oil right. a vest age of the past the new is bitcoin, the future

of money maybe hard to understand for many but it's kind of the point of it all, in some way and bitcoin has been a spectacular performer recently up 93% in six months but, hey, like in all the later rookie movies, don't count out old guy yet! look at the random but interesting chart. bitcoin has been doing great up 21%. in the same time, old oil is up 24%. vaccine optimism, demand, and opec helping crude in the last 30 days, there's been no better macro trade, not in the index, not bitcoin, not gold, whatever, than oil at least in the short term, hardly acting like a fossil. joining us now is valerie grant. a pleasure to have you on to kick off the week.

i don't know if you were on earlier, you know, you're getting ready, patched into the interview, with dr. del rio. by april or may we'll get a lot of people vaccinated how much of that optimism has been pulled forward in the markets and do you think maybe we're jumping the gun in any way a little >> well, i think what the markets are pricing in is the availability of a vaccine eventually right. you know, have to remember that, you know, in the equity markets, people are think about future cash flows and they don't necessarily mean the next one or two quarters but really over compounding over a number of years. i'm a bit more skeptical about the availability of a wide spread vaccination on the timeline that you just mentioned. we have to remember that the vaccines are being approved for

emergency use authorization and that means they'll go to front line health care workers, the elderly, people in nursing homes, et. cetera. and individuals like you and i that can work remotely effectively will be last in line so i think that broad -- >> which is okay >> it's still aways away in addition to that -- >> yeah, by the way -- >> go ahead. >> no, no. my apologies i was saying that's good news, though, for those who -- protecting the most vulnerable might help the rest of us sort of start to creep out a little bit and into our lives a little bit more i noted at the top of the show, valerie, there are only 25 days left in 2020 i think none of us can see it come fast enough what are you most concerned about in the next couple of weeks? what are some of your risk points >> in the next couple of weeks, i'm really focussed on consumer spending and consumer sentiment. i mean, usually, in a typical

year, this is really the heart of when consumers spend for the holiday season, in terms of gifting and self-purchase and we're typically tracking that activity level very, very closely. i think what we're seeing is this year, obviously, most of the commerce will occur online or a significantly higher proportion than would usually be the case the question still remains at what level are people planning to spend and so how will that flow through in terms of corporate profits and how will it set the outlook for 2021 >> yeah. well said. we didn't have time to get to it but you like nextair energy. valerie, have a great day and week we'll see you soon on cnbc. >> thank you take care. bye-bye. >> all right that does it for us on "worldwide exchange. it goes by that. dow futures up 138 ua a tsee you tomorrow

sqwkndhe gang picking up the coverage next. have a great day the usual gifts are just not going to cut it. we have to find something else. good luck! what does that mean? we are doomed. [laughter] that's it. i figured it out! we're going to give togetherness. that sounds dumb. we're going to take all those family moments and package them. hmm. [laughing] that works.

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stocks finishing last week at new highs we'll get you ready for the trading week which is just ahead. the uk has begun distributing the pfizer vaccine as the u.s. waits for a key fda meeting this week on the path to approval plus, new hope for stimulus as lawmakers prepare to unveil a new proposal for economic relief it's monday, december 7th. yes, that december 7th, 2020 and "squawk box" begins now.

♪ good morning, everybody. welcome to "squawk box" here on cnbc i'm becky quick along with joe kern and andrew ross sorkin. the major indexes all ended last week at record highs we're talking about the nasdaq, the s&p 500, the dow, and the russell 2,000. that's the first time that all four of those major averages have closed at a record high since january of 2018. so you're coming up on three years for that it wasn't just that, the nasdaq 100 also sitting at record high. if you were looking at other things like gold breaking a three-week losing streak and wti oil sitting at