good morning it is 8:00 a.m. at tesla headquarters in california, for now. it's 11:00 a.m. on wall street and "squawk alley" is live.

>> good monday morning welcome to squawk squawk i'm jon fortt with carl quintanilla and julia. we're in the final stretch of 2020 we're focused on two big ipos, airbnb and doordash. airbnb is bouncing back strong doordash saw demands surge both of those companies seeing encouraging demand for shares and to define the future of the gig and sharing economies. leslie picker has the latest on the ipo process. >> it's important to underscore the rarety of this level of issuance in a single week. excluding spacs, we're expecting to see more than $7 billion worth of ipos this week. since the start of 2014, only three other weeks have surpassed

that kind of volume. most recently, in mid september there was, if you remember, there was a big week of software debuts unity, jay frog went public. the only week that's saw greater issuance was in may of 2019 when uber went public and then september 2014 when alibaba went public what is different this time, though, is that the billions of dollars in new stock is coming weeks before the end of the year they lock in for insentive free purposes that is imperative for them to reach the benchmark. if the benchmark is nasdaq, they're looking at gains of 40% to beat for the year and that could drive up demand ipos can be a source of alpha with that day one pop that is so

common considering both airbnb and door dash up the price ranges, it appears in talking to sources, it sounds like they're receiving greater than expected demand guys >> leslie, speaking of them upping the price ranges, what do you think that's going to mean in terms of those first day trades, in terms of demand these stocks are -- these companies will be valued so much more if they open as expected than they were just a couple months ago >> that's right, julia the rule of thumb with pricing is you're not going to increase your range you're not going to boost your range if you don't have an incentive to price at the high end of that range or above now both of these companies are actually using a really unique system to assess the price of their deal it's somewhere between a dutch auction like we saw with google back in 2004 and traditional ipo process.

they use that data to determine a final price. now the option itself is not going to be a final determinent. that price that comes from the discovery through the auction is then discussed with bankers. one could presume based on that auction process that is unfolding that they feel pretty confident that they can price at those increases ranges carl >> yeah. absolutely stunning. lots of dynamics to talk about thanks, leslie we'll discuss them this busy ipo week and month with kara swisher. good morning g to see you. >> how you zmog. >> i'm g listening to leslie and looking at the least by volume, the busiest month for ipos in the history of the country it's remarkable coming out of the pandemic >> we're in a pandemic, actually

carl we're still in it. >> i'm trying to come out of it. i get you. >> i think people are desperate for some economic activity and airbnb benefitted from the pandemic airbnb went down for a short period of time, it recovered quickly when people were renting houses, you know, away from the cities and things like that. and so i think a lot of -- and also when the hotel industry got hit pretty hard during the pandemic and so after coming out of the pandemic is what people are thinking about i think a lot of the practices of using airbnb and using technology to facilitate your life is going -- is here to stay airbnb is going to be an incredibly strong ipo. why leave the money on the table? do some of the many things they want to do that they have to leave behind

>> right where do you think it leaves some of thenames that are coming in the second wave of this month, the afirms, roadblocks, wishes how much oxygen gets sucked out of the two big stocks? >> i think there is plenty of room for everybody i think you're going so see, you know, saw them still performing very well. a lot of people are worried about that stock even stocks that people are worried about are doing well what i think is interesting more is the purchasing, like you wonder what is going to happen to zoom after slack and things like that. there's a lot of opportunity and then at the same time there is a lot of appetite for all of these. they're all up every one of them is up strongly lemonade and others. so -- except for snowflake that's done very well too. i think there is a lot of appetite on wall street especially going into january with the vaccines coming of hope, of economic activity and this stock market hasn't

quit yet >> what has me is the process. they're all about different distribution and service models. yet, they're doing traditional ipos if anybody could have done direct listing successfully, big brands like these. what does this mean for bill gurley that is saying that the interest decisional process broke finance they're still opting for something more like the old route? >> it is like the old route but not totally. >> google did it >> this is more traditional than going until a way. >> yeah. 100% but it's not without the differences to the traditional ipo. i think everyone agrees the traditional ipo process needs reform, right?

i don't think it's a good time to be risky. but, you know, i think it's not -- they don't want to go full whole hog to the other ideas. the noise about silicon valley about who gets what in an ipo is going to continue. i think it's good that people are talking about other ways to go public even though everyone doesn't avail themselves to it ipos are going to change because there is a ridiculous way that is done and antiquated they're adding on new ways to do this and whatever fits for whatever company should be the one that you do >> kara, there is the expectation of the first day pop in the stock what do you think about the valuations now we're talking about airbnb, $42 billion valuation at the upper end of the range are these valuations too high? >> i don't think so. something like airbnb,

especially with the hotel industry in distress, i think if they have a lot of opportunity if they can you know, this is an opportunity for any company that moves into whatever space has been distressed with a lot of technology so i think they have a lot of opportunity. i think this is going to be one of the winner stocks of a long time again, another distressed area they have a lot of opportunity in the stress of other players that are not aztec know logical as they are. you know, i don't -- i think it's one of the stronger companies. doordash, i'm not so sure. are they going to continue doing this or are people going to get used to this now seven used to delivery will they keep doing it? probably some of them will so it's a promising area i dmoent if it's the same kind of thing that airbnb has opportunity to do.

>> a lot of gossip reports of big tech leaving and going to texas. reports that elon musk said he's going to do. that hp is going to houston. is this a matter of being drawn to texas for whatever reason, taxes and so forth or being repulsed by california >> these people are really wealthy. he has stuff in texas going on with the rockets and spacex and so texas, especial especially they're moving around the austin state it's a he great state in terms of innovation and changing texas is changing from a political point of view. i think there is a lot more space to do what they want and california is under the stress with not just wildfires but taxes and issues around

regulation it's something that gavin newsom has to think about how do you keep companies in california and maintain this california ideal of a more just society, i guess. i think it's normal they should move to texas. texas, especially the austin area is always a tech hub. it makes sense they would move there. again, some people move to florida for taxes for their own money. and you'll see a lot of that again, we're in a period where everybody's re-evaluating what they're doing. texas was a big hub and then it wasn't i don't know if you recall there were tons of companies there. and then there weren't and then it moved right back to california i don't know we'll see. >> i wonder if you think the way in which soft mayor is different

if that becomes stickier this time >> i think with all the employees. like where are people going to work where are the headquarters a lot of companies were doing this they were sort of seen as outliars if i was running a company, i would think where do i need to keep the workers do i need a headquarters where is the easiest place to be a headquarters where people want to move, right you know, people who are in tech, there is only a few places they can -- if there is going to be a centralized place they want to live in austin is certainly one of them. i think that's where a lot of the action remains >> of course, it's no the just texas. i wonder if all these moves what this means for silicon valley for the culture of silicon valley, for the people there right now, for real estate i mean there is such a specific culture between san jose and san francisco. what does that look like a year from now >> i don't know. i think of it in the long term i don't think it will die as a

hub. all the other efforts to make sill con other things, whether it is sill con desert or whatever the heck they were trying to make, plateau, i think the idea of a dispersed workforce is really this pandemic if it's done anything is made you realize you certainly can run companies and they're just fine in other ways. the prices in california were crazy. 20 people bidding to buy a house. and now with wh it's not like that, it may become an attractive place to be, right? it's still california. it's still a wonderful state i think it's not the end of s l silic silicon valley but all the places of innovation peter out whether it is rome or london over the course of history i take the long view sure, it's not going to be the center of technology but at the same time, it still has stanford and all the people living here. it's just going to be a little cheaper. it is still ridiculously expensive to live there anyway

it's gone from obscene to barely tollerbly too expensive kind of thing. >> yeah. healthy reset to some degree, kara >> sure. >> good seeing you >> all right thanks >> by the way, speaking of work, this thursday don't miss kara at at work conference taking a look at how business leaders are getting ready for the new transformtive era of work and rej station can you register at cnbcevents.com/workspotlight jon, you're a part of it >> i am. i will be interviewing the chief technology officer over at john deere as well as david grain and dianne renaldo it's going to be a great event tesla publishing the first diversity report 80% of employees in leadership role are members, 59% white, black employees make up 4% of the leadership roles with women

making up 17% of those roles julia, when you call out the numbers like that, they don't found fantastic. yet, these are, compared to numbers you see overall pretty good i mean, especially when you look at diversity in management but i'm most encouraged by the fact that companies are publishing this data >> i think what is most shocking is this the first diversity report from which company. every company should be showing their diversity numbers. we're seeing a push from that with the nasdaq. i twha is really important is the more people disclose these numbers, the more progress can actually be made in the more pressure these companies might be facing. meanwhile, coming after the break, an exclusive with the president of live nation we'll be back in two minutes don't go away. it's been a tough year. and now with q4 wrapping up,

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the rivarrival can change al that we have more on what the future of concerts will look like joe, thank you for joining us. since the last time we spoke, many months ago, there's been this progress on a vaccine which is obviously very important for your business. what is your outlook on when

you'll see your business come back in a meaningful way >> thanks for having me on, julia. i appreciate the opportunity to be here. we feel very good right now as you said at this point given the vaccine news, we start to see with some much greater clarity the return to path to live is and certainly a lot of confidence about that return to live we're starting to see in asia some shows coming back new zealand is operating at full capacity other asian markets that have made more progress are getting back more quickly. it tindz to be our expectation that we're back woith our shows and we'll be ablg to e to do th shows. we had originally scheduled in 2020 we lifted and moved to

202202 2021 we have 20 million fans that held on to tickets almost all fans held on to the tickets for 4,000 shows. so we have the shows set up. we think that by the time we get to next summer we'll have restarted the live engine and get going and bring the artists and fans back together >> but in the meantime, even next summer there is a question of what it looks like, what it feels like to go to a concert and how you're going to be enforcing safety measures. are you going to make people going to concerts show that they have had a negative covid-19 test if it's in the next couple of months or will you need people to show that they've had the vaccine? how are you enforcing those things >> it's our expectation in general that we'll be able to get back to have full capacity shows. we won't need seeshl distancing. certainly outdoors by next summer we got a number of proet kolz that we'll take with all of our venues in terms of how it is we

make sure we're sanitizing and creating a safe environment for our artist ands employees and fans we think we'll have enough distribution of the vaccine and readily available to everybody we'll look with all the public health authorities there will be different roles in different markets. whatever it is that is required but in general we think we'll be able to get back to full capacity and people enjoining the shows. >> it sounds like you'll be able to do that without any mandated pro proof of vaccine that everyone is wondering about >> certainly in most markets we can't predict what every local market, public health officials rules are going to be. we'll work and follow those rules where they exist if we need to do something, we will in general, it's our expectation that by that point that won't be necessary just given the great progress we had on the vaccine

continuing to come and accelerate even where we are today. i'm talking about mobile ticketing and ticket pricing, reach into smaller venues. i imagine there is an opportunity to work on some of those things when the events themselves haven't been happening. >> no question the move towards digital ticketing is only been accelerated by all this. we're able to track and trace everybody that is there. that certainly gives much greater opportunity to connect with those fans. connect with them on site, to be able to provide offers to them keshgts with th connect with them and understanding the preference ands create an environment that can be touchless while they're

there. they kenter digitalcan enter di pick up any merchandise they want to v we think it will continue on a global basis to continue to accelerate the shift to digital ticketing which ticketmaster is really a leader of >> joe, not to belabor julia's question, but i mean i wonder the headline from this interview theoretically could be live nation's ceo refuses to rule out proof of vaccine to get into a concert next year. is it possible at all, somewhere? >> it's up to the public health officials. it's not up to live nation or ticketmaster or even all of our partners i think what we learned through all of this in the past six months is just the human need to

gather 100 million people come to the shows last year. we're the largest gathering out there. people have that desire. and in every market we'll work and see what the public health officials allow as soon as they allow everybody to gather at scale, without social distancing we are talking a lot about a vaccine. there is the question whether people return to their old habits yes queshgs have a vaccine deployed broadly by next summer. do you think people are going to be behaving the same way they did precovid-19? i mean we've all been stuck at home for so many months. may take a long time, don't you think, before people actually get back with the same habits. >> all of our research says the opposite people cannot wait to get out. we're seeing too much gather relative to the current

situation. the research says 95% of the people can't wait to get back to a concert. 99% can't wait to get back to an outdoor concert. 83% of the people holding on to tickets for shows that they know are next summer. and just the inherent need to gather we have every expectation we think this is going to come out and next year will be a year ofm ramping back up and then as we get into 2022, we're starting to see the roaring 20s, the pent up supply and demand. we think it's going to be incredible >> well, joe, we hope there are no delays to that vaccine deployment so your forecast can hold true. thanks so much for joining us. >> thank you >> it's going to be a great day. when we come back, man this dispute between google and iac

over its browser xpenextensions we'll get details on that after the break. 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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google removed a number of extensions for violating the policies and we're reviewing the extension ands enforcement options and have not made a decision based on the store. iac telling us that google has taken hundreds of millions of dollars to advertise and distribute the browser extensions in the chrome store saying "google has used their position to reduce our browser business to the last small quarter of the ibt nnternet whi they're now seeking to quash they have significant control over what we do with the products we collaborated closely with

google with extensive review and approval of the entire chrome product line." going dl not share the results of the audit of aic products with them but only with "the wall street journal" >> jon, of course, this comes as google faces growing anti-trust scrutiny what do you make of the timing here >> i think the hypocrisy of going until this case is kind of stunning google investigators found that browser extension often promised function dhoentz deliver and steer users toward extra ads oh, i don't know, like google does during the pandemic, google is jacking people's calendar links for zoom and directing them toward google meet and, you know, nobody is as prolific as google at directing people towards chrome when they use another browser, carl. i don't know this is interesting move by them yes, interesting is a diplomatic word, john we'll watch it it is getting attention this

morning. let's get a news update with the aforementioned morgan brennan who is back with us. hey, morgan. >> hey, carl here's what's happening at this hour the supreme court has refused to hear an appeal from parents in oregon who want to prevent trans gender students from using locker rooms and bathrooms of the gender with which they identify rather than the sex they were assigned at birth. and southern india, one person has died and 200 others hospitalized due to an unidentified illness symptoms range from nausea and anxiety to unconsciousness meantime, in italy, rescuers using amphibious vehicles to save people in areas hit by floods and lined slides. this is the heaviest downpours this region has seen since the last 30 years. more rain though expected through wednesday. and after seven decades, ikea is discontinuing its catalog. it is one of the world's largest annual publications with more than 200 million copies distributed at its peak in 2016. ikea says the catalog is less important as online sales have

risen. save some trees in that process too. guys, back to you. >> as long as they keep the meat balls, morgan. thank you. apple ramping up the chip efforts. we're going to explain after the break. don't go away. i felt like... ...i was just fighting an uphill battle in my career. so when i heard about the applied digital skills courses, i'm thinking i can become more marketable. you don't need to be a computer expert to be great at this. these are skills lots of people can learn. i feel hopeful about the future now. ♪

welcome back we knew april sl planning a new series of mac processors now we have clues on timing and

core counts thanks to bloomberg, intel shares under pressure. patrick moynihan, more insights and strategy president and principle analyst joins us now pat, happy monday. good to see you. so let's break this down a bit the m-1 came out you did a review which was great because it was a lot more nuance than other reviews out there there are some kpatibility issues overall, the performance of this m-1 is pretty mind blowing what does that signal for the macs to come next year >> yeah. so m-1 was a good start particularly with software that was optimized for it so even on an overall performance base iit did really well and that's a good indication when you start adding cores to the cpu and to the gpu, the graphic subsystem that it can scale in performance to do --

i'll call them more work station type of applications like raw video editing that is sippicly done on the cpu by professionals. or even diblgitalization, higher use cases. so what i think it means is that we're likely to see these in much higher performance and higher priced macs in the future. >> let's give investors a big picture look at the significance of this. because last week cloud week we saw aws making chip announcements also it seems like we have the two situations where you got virtualicly integrated platforms, one in the enterprise and aws, one more in consume we are apple that are saying we can make the chips with he can customize hardware question then, you know, work on the software to tune it all nicely it's like the main framer are a once again except for the cloud.

what does intel, what does qualcomm, what do these chip specialists have to do to continue to thrive >> well, what they have to do is they have to step up the games because what is happening is this is particularly in the arm ecosystem, it is easier to innovate because of the property that they can leverage to develop their own designs. that's what this is b the qualcomms, the intels are going to have to step up their game. i just want to step back because more competition always means more innovation and sometimes lower costs. and everybody in the ecosystem based on what apple and amazon, aws have been doing are relooking at their road maps and charting out what do i do differently in the next three to

five years >> that's interesting. they have to do differently. from a positioning or sentment barlow for intel to surprise to the upside >> yeah. intel, if you look at what they're trading at, i mean, it is an inexpensive stock. i think the pessimism has already been built in. i have learned in 30 years of covering intel, i competed with them i use them as oem. you never count intel out. okay the biggest challenge right now is the fab when i compare what -- let's say apple and amazon is going to be on at five nanomeet eastern compare that to intel going out 10 nano meter and i equate them at 10, it is a bigger short term challenge, i think

i know intel has very exciting sill con on the road map now it comes in in ten nanometers this he have to deliver on that intel has kind of been in a performance space for a while. they need to get out of. >> it sounds like you think this selloff is an overreaction >> i think it s i think early on, say six months ago, people were overly optimistic now i think people are overly pessimistic. if the new chips are the way to go on the pc side, who do those chip makers go to? i don't think they can just go to somebody and come up with something that has the same characteristics as the apple chip that's going to take a while

i also think the same is for the cloud giants amazon in particular and their amount of investment, it took them about seven to eight years to get where the point that they are and it took almost a decade for apple to get there if they go from $9.99 to $6.99, it's going to cause a lot of problems >> pat, i have a theory. tell me if you think i'm right or wrong here. the risk for apple and amazon and the likes for intel is this. when you're vertically integrated, you're especially in danger of being wrong about future trends. if you miss a trend, then all your hardware and software all your chips are going toward. that you can't pivot and just pick up somebody else's part and integrate it

so intel & you nailed it we used to be here and they're vertically integrated. and the specialists want out amazon is fully multivendor. they're going to be completely out of intel by 2022 and likely andy graphics as well. so amazon has a fallback and a more diversified strategy and apple essentially has burned the bridges and if they're wrong, they will be at a very big risk. for the mobile processors, they have a good track record by my counting, they had the best track record for a vertic lint greated company doing their own chips that i've ever seen. >> right

except for the modems. we can't forget about that except for the modems. maybe they can build up and we'll see. pat morehead, thank you. >> 2020 was a great year for spacs and ipos what does 2021 have in store for the public markets bob pisani has that for us. >> hello 2020 was a surprisingly good year for ipos. but also for spacs or special purpose acquisition companies which compete against traditional ipos 194 ipo deals raised $67 billion. that's the best year since 2014, believe it or not. but just about the same amount was raised by spacs. 200 spacs raised about $64 billion. so who is going to win in 2021 market parnts stla is room for both the etf, a basket of 50 of the largest companies in that have gone public over the last several years has been a big beneficiary of the interest in

ipos this year it's up 100% andrecently hit historic highs assets under management are now over $500 billion. the returns have been boosted by the pandemic driven demand for the digital economy. the zooms, pinterest and biotech companies. they're perpetual constituents of the ipo market. door daschle go public this week there is going to be pleblt of big name unicorn that's will likely use the i p o route to go public in 2021 including spacex which makes space vehicles, stripe, waymo, and instacart which does grocery deliveries like doordash as for spacs, believe it or not, there are over 200 spacs currently seeking acquisitions right now with time limits of 18 to 24 months maximum implying, carl, if market conditions hold up, 2021 will be as strong for spacs as 2020. that's the key point, carl, if

market conditions hold up. if we have a weaker economy, of course ipos and spac will suffer along with everybody else. carl, back to you. yeah what an amazing development though for this year so far, bob. thanks bob pisani taking a look at snowflake today. off a bit. shares tripled since the september ipo. that is not the only reason why ceo is smiling weechlt explain after a break. it's been a tough year. and now with q4 wrapping up, the north pole has to be feeling the heat. it's okay santa, let's workflow it. workflow it...? with the now platform, we can catch problems before customers even know they're problems. wait... a hose? what kid wants a hose?! fireman? says "hose" it says "horse"! not a "hose"! cedric! get over here! now our people can collaborate across silos, from across the globe.

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josh lipton is taking a look at a reason why the ceo is celebrating the year josh >> so, jewel yashgs he's already a very well recorded tech executive. but now frank sloop is one of the best paid as well thanks to this incredible run snowflake is on here. it's now up about 230% from the public debut in september. it's on pace for the second positive month in a row. already up about 20% in december his current annual salary, $357. the compensation package also includes a traunch of options every month for four years now worth $120 million each. if you factor in all the option that's have been and will be awarded and assuming the closing price of 388 dlsh, the stock

portion of the compensation package now over the next four years is worth $5.8 billion according to equity. he is known as an operations guru, a dutchman with a brash style who describes himself as more marine corps than peace corps. he said plenty of success in the world of enterprise tech before sn snowflake. he ran service now and before that, a company called data domain late area quird by emc now he is in command of snowflake, a cloud computing company that sells software that helps customers store, process and visualize vast amounts of data it competes in a complicated landscape including amazon snowflake impressed the street clearly with a recent better than expected earnings report showing top line growth of nearly $1 nearly 120%. >> josh, i no he that we're conditioned to be outraged at the extremes of ceo pay. yeah, these are big numbers.

this is exactly the kind of model that investors want to see. the base salary, $375,000. i say just but for an executive at any level, that is not a ton of money. this is not lump sum, it's four years and it's only worth all that $120 million if the stock stays where it is. i mean, this is good this is getting paid like investors get paid >> right so to your point, john, right, stock drops. tsz worth a lot less interesting. people piled into this name and there is a few big reasons first of all, frank and his team are attacking a big market they're still attracting a lot of customers clearly hyper growth mode.

and bulls do like frank and his track record by the time he left service now, the stock was up five times under his watch and clearly a lot of people hoping he can do the same now with snowflake. >> yep all right. well look at the structure of the pay package. not just the headline numbers is what i say josh lipton, thank you as we head to package. job lipt josh lipton, thank you let's take a look at spotified, notching a fresh all-time high that stock is up 15% in just the past week as users flock to social media to share their 2020 spotify music. more "squawk alley" in just a moment stay with us our new house is amazing.

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[what's this?] oh, are we kicking karly out? we live with at&t. it was a lapse in judgment. at&t, we called this house meeting because you advertise gig-speed internet, but we can't sign up for that here. yeah, but i'm just like warming up to those speeds. you've lived here two years. the personal attacks aren't helping, karly. don't you have like a hot pilates class to get to or something? [ muffled scream ] stop living with at&t. xfinity can deliver gig to the most homes.

and the months leading up to his death in a fire more than a week ago. the wall street journal calling it a spiral of alcohol, drugs and extreme behavior and "forbes" describing it as a tragedy. it was said his retirement exacerbated his downward spiral. it's difficult oftentimes for people to talk about someone who they have lost the way that they lost tony.

even when you celebrate the success of somebody who has done so much for so many people, there are thosic use that peoest people have that really need help >> absolutely. mental health and addiction is really been exacerbated, even somebody like tony, who had all the resources in the world and i think that could be seen as a sign that everyone needs to be thoughtfully considered on this and understand these issues can really impact anyone, carl >> they're both definitely very difficult reads and say a lot. just about his personal circumstances and the way in which he positively influenced other people's lives our thoughts are again with tony's family. ab he, dhave been remarkably stleerow still down about 130. nasdaq is green. nasdaq is green. we're back in just a moment.

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returns are expect to reach record highs this holiday season frank holland has some new data showing what that might mean for retailers. hey, frank

all right, guys. i think we lost frank's signal but we'll try to get him back. in the meantime, watch a few movers here, john and julia. among thempalantir asana also up more than 12%, julia. asana is worth about $4.5 billion, palantir worth about $45 billion but both doing quite well this morning. >> speaking of people we jokingly call the paypal mafia,

musk, tesla, up 4.6% it just disclosed diversity numbers but also bullish comments from gene munster from loop ventures. obviously very volatility and up nearly 5% now, guys. >> yeah. some data out this morning showing that when tesla joins the s&p, it's going to drive almost 80 billion in inflows so it's going to be a material event, which happens i think on the 18th in advance for the day of the 21st. i know the control room hopefully can keep up. let's keep an eye on aerospace and boeing bernstein does take southwest to an outperform. as for boeing, ubs doubles their target from 150 to 300 we've got this running theme going through the market about the promise of a vaccine but, as bernstein says, the vaccine may not show you the light at the end. tunnel but it definitely indicates that there is an end

to the tunnel. and a lot of that is going to be reflected in the way in which we fly around the country, hopefully beginning next year. finally, guys, tomorrow is going to be a busy session, not on with the salesforce investors meeting, but we're going to get earnings from the likes of chewy, auto zone, game stop and goldman has financial services conference we'll watch for bank headlines for now the judge and the half >> thank you, carl welcome to the halftime report the road ahead for your money and whether a good part of the recovery is already baked into the market we debate that with our investment committee today, joining me for the hour. bryn, brenda is the cio of globe hill visors. we are trading at noon today, nasdaq hitting new highs today, 12,516 s&p, dow, slightly in the red today. russell's also green let's kick i