good afternoon, everybody. along with kelly,i] i'm tyler o mathisen nasdaq in the green despite an all-time high. we will tellw you what ceos are saying about theq recovery.t banks continue to lag but a top analyst says the tech boom will drive gains in the financial center and he'll be here to lay out his top pick.e

airbnb expected to go public this week. analysts saying it will surprise above its target despite all the headj winds the travel industry is facing. we'll explaint(iwhy ase xdp lunch" starts right now. >> thank you, ty the dow pullingqback but still above 30,000 only six dow stocks are higher right now.teq apple is one of fthem >> the dow industrialso so far today as well as theee nasdaqe pos t -- composite and russell 2000 each have hit a record high intra day despite the fact the the dow is lagging, only up 5% and 13% gains over here for the overall index for the russell 2000 look at other parts of the

market we're also watching as well look at the semiconductor. dz"é)cord highsf pushing the semiconductors, possibly a leading indicators for the rest of the markets and another set of record highs tesla. billion, would make it close to around the sixth biggest stock in the s&p when it eventually goes in. that happens before the open of business on december 21ste1. and perhaps short covering continues in thatok stock. and one other one to focus on because we have a big week of big tech frffáqpos, coming up, palantir, those shares up 14%.e with ae big week of ipos, e

palantir worth about $45 billion in market value. >> the covid-19 undeniably driving ae1 huge economic and market divide,e pandemic vulnerable names and piling int the so-called stay-at-home dz"épáhuthead closer to the new what risks and opportunities could we find in 2021? ci post-covid world.ñ david, good to have you with us what is the heart of youre1 finding or your prediction for 2021, this postcovid world >> as you've been highlighting in your most recentçódiscussio the opportunity set, you know, while covid was going on wasw associated with technology and technology was an offensive

asset. it saved a lot of lives and brought us a lot of convenience. as we come out of covid, there's a lot of factors toqwuggest we're going to havee1 a rotatio 61%1e stocks, back into emerging market, back into southeast asia iand. >> small and medium-sized companies because covid created an enormousñiómarket anomaly between what i would sky asfá a stay-at-home and leave your hom stock.f there are others interesting fo investors as well and we highlighted some of those.o >> does that suggest, then, that technology and then there's technology there are the stay-at-home parts of technology, whether it's apple computer or zoom or microsoft with teams and so on and so forth and there are the chip makers and lots ofe@,hings. does that suggest these stay-at-home stocks are going to have relative underperformancee vis-a-vis some of those other cyclicals that you e1xdentione whether it's financials,

industrial, materials, et cetera >> right so what you're saying is also important, right for technology leaders, companies that provide services that aree going to have sustaid growth, 20%, 30% a year, many years to come, those companies are going to do just fine. not all the tech stocks fall into that category at@pshe a lot of them got hyper inflated in the moment we're in i do think that our clients are going to do better and generate byoi focusing on the stay-at- stocks, retail, restaurant, travel even banks and financials which are going to benefit when we comee out of covid will be lar beneficiaries of this trend ando dividend stocks as well. citi private bank is overweight 10% equities in all those stocks but we are keeping, to your point, an exposure tow3 technology toalpha by shifting thesee1

portfolios to the leave-your-home stocks >> those mean hospitality stocks,ñrthose mean i assume ñ airlines, cruise lines what else? >> certain financial serwj 1"á majorl banks alle around the world, small and medium size stocks, xus and som emerging markets including mexi mexico, brazil andlo southeast asia about what's going to happen we've got financial repression, meaning low interest rates for a very long period of time in orderw3to manage the outstandi debt that we've taken on, which is globally $10 trillion we have enormous amounts of fiscal standing, some of which is still coming. and then we have what i describe as the dishwasher syndrome, which is if you want to buy a cheap dishwasher, youok can. i went on to my family and tried to buye pajamas, tried to buy brother a certain kind of monitor, things are solde out

you're going to see 14 months of production in the next 12 months once covid begins to leave as the supply chains and inventory rebuilds so it will be quite a robust recovery >> i was talking to a fella who was very expert in china and he was talking aboutñiwhat you we talking about. that is the hitch is in the supply chain he said if you want to buy something, buy it now because it's not going to be there in the fall because the supply chain is soñicrimped. you mentionedqsmall and medium-sized stocks, you were particular to say xus. did i hear that correctly? >> that's correct. clearly they've started to rotate here. we've gottenx back probably 40% of what we might have expected already in the united states with the small and midcaps but overseas when you look at europe and in asia, the movement back is virtually, you know,

nonexistent. it's probably 20% of the wayi there. investor are very wary and very markets go up so fast but covid is going tow3leadi over a reasonable period of xdime. you think if investors don't make these moves now, they're q1 75% of what they could have gained. they have to be out there anticipating covid is going to end and just pretend what the world will be. all of us are going to want to travel, nobody is going to want to be on zoom. that's okay. they won't be but they don't like to be >> david, thank you very much. we'lli] see you in 2021. david bailin kelly. >> we're also learning what ceos are expecting for their companies in the first half ofe next year.ixqe eamon javers has the round tabl% survey >> it gives you a sense of a little bit of a return to normalcy now in terms of what theqceos expect.

the key question was when will your business get back to normal here 26% said their business never declined, it's recovered alread or will likely recover by the end of 2020. 41% said they'll recover in 2021 33%, that to me is a surprisingly big number, said they'll recover in 2022 or later. so that is a long-term recovery prospect for at least 30-plus percent of the ceos involved 1+re in terms of their expectations for what's happening with their business, hiring that's about backi] to average terms of future expectations, up 11.5 points, capital investment. óf average now in terms of expectation, up 25.2 points and sales expectations up 29.9 points. again, that one is above average as well. int terms of 2021 gdp t(rowth, they're expecting about 1.9%

so some above average numbers now in terms of the business expectations and, kelly, 83% of the ceos surveyed here said one thing that would really help their business get back to jr capitol hill not clear as we stand here right now whether that's going to happen or not between now and the end. year but lawmakers are working on it, kelly >> i wonder if this would carry any more sway. i was als looking at headlines. we had larry kudlow give an interview to "the washington post." he said procss appears to be being made but nowx it so like aw+ sticking point is the liability shieldnl they're close but that doesn't mean much on capitol hill. >> yeah, you know, they've been close all year5and that's the problem. we've been sort of stuck in this ground hog day mode since the summer election results kind of shaket everything up. we saw joe biden send açósignal

he was fine for them going for a smaller by&. nancy pelosi had beene1 holding the line for a 2-plus trillion dollar bill. joe biden said take it now and we'll try toç:u more after i'm that seems to be one of the jam. and depending what's in it, the president is likely to sign this thing. president signaling they're looking for a deal, you can expect the momentum is on the side of a deal we've seen that collapse before so we'll wait and see. >> exactly >> we appreciate it. thank you, sir >> you bet >> coming up, energy and finances are lagging todaykv) two groups remain the worst performers this year plus goldman sachs looking to moving jobs from new york to florida. and later, shares of the boat maker1 brunswick sitting near

all-time highs as the boating boom stayed afloat through the fall how women are driving the game much more "power lunch" after this oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn ♪ visit tdameritrade.com/learn this is the new iphone 12 pro with 5g! and it's on at&t, the fastest nationwide 5g network. now, new and existing customers can get our best deal. really?! mom! at&t has the deal for new and existing customers! i will. so what'd she say? wrong person. it's a guy named carl. but he's very excited and on his way. word-of-mouth advertising. it's what they did before commercials. it's not complicated. everyone gets our best deal,

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welcome back banks are one ofl thee bigges laggards my next guest says these names are poised to rake in $100 billion plus post-pandemic

joiningfá me is mike mayo, seni researche analyst at wells far. before we get into your bullishness, isn't this year in some way as repudiation of your thesis that technology is more important than interest rates? they just still seem to trade like rates are all that matteácé >> no, you're absolutely right i mean, banks have been one of the worst performinge groups ts year in terms of the technology theme, the industry has taken a detour since pfizer monday, since novembere, when news of the vaccine first came out, banks havee been far outpacing thexd 500 and we think this haáyonly just begun in terms ofe outperformance eé#f these trades start toe1 perk up ÷zn8all right. come to life. dipping their toes in, what would you say are the supports that youe visualize for 2021?

>efó eyes really were opened when i attended our own firm's technology conference last week. there are over 185 presenters.e and it just showse1 the potenti for technology to create the greatest restructuring in the history of modern banking. so let's look at technology past jeff bezos says this quarter's results were baked three years ago. well, thise year's results for the technology leaders like bank of america and jpmorgan were fully baked three years ago because you've seen the greatest acceleration of the adoption of digital banking in t(istory consumers that use digital banking have increased from one third to one half over the last two years and leaders like bank america, it's two-thirds you're seeing the fruits of prior investments and technology present. if you look at thise1 year, thi actually validates the technology theme it's been to support consumers, corporations and the economye

they start from kratch and start up the strongxdbusinesse lendg programs known as ppp, process unemployment claims, done financing for customers and done all of this with over 90% of employees working from home.e and technology future, that's what i have saw from the conference last week these technology companies have already5a implementedx solutit other industries getting to the banks i did bring a prop, kelly. sometimes you like these >> i knew you might. >> banks still have a large remember pac man >> i take your point i don't think you needed a prop to make that point i've been thinking a lot about the cash app in the laste coup of weeks because it's all i ever hear about people talk about how they can buyeq(áoin with it. there was an analyste upgrade e other day who talks about you

can now have a debitw card and all of these different features. i've had a pretty good experience with my big bank technology but here's my point why as an investor am i not going to back squarñland cash app and fin tech, yes, technology, banks have done a good job with this this year but this has beenjf a huge, huge ye for fintech. q5q dollars are flowinóx and where i want to be for the >> look the zell.çó year over year payments for zell are up 80% so some of the best players on the planet, like jpmorgan and bank of america. i think it'se embeddede1 inside bank and not being recognized like others. first you have to get the piece dividend for thee banks banksok earnings will benefit fm

overo $100ñibalancillion stage one is the cyclicaljfok recovery from covid and stage two is the technology transformation, which had a detour this year pu but we think gets back on track post-covid. >> i want toe switch gears and get your thoughts on these headlines that goldmane might move asset management operations to florida is that to get ao better deal manhattan? >> the success in the banking industry and for goldman sachs should give more confidence that they cano work effectively with the workforce throughout the country and throughout thele world. remember, goldman sachs at its peak had 90% oft(employees

working from home. they already usedxdit for outsourcing and locating to lo+jcoste environments like india and poland and salt lake city it's not just for lower cost jobs anymore now we're talking about higher saving money you do have head winds in the banking industry they're not going away that's why whether you use technology or real estate or other means, banks must become this news that has not been confirmed by goldmanx sachs bu it could beñiconsistent with their goal to save through effective real estate management area, every headline like that puts you on edge thank you for your thoughts today. u1=q of props. ;for ipos the airbnb isñicoming out

door dash. $debuts airbnb targeting a $42 million valuation. rorit's not just u.s. markets atecd highs, lpemerging etfs at an all-time high today. is this just the beginning of a bigger breakout? "power lunch." by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. before money, people tools, cattle, grain, even shells represented value. then currency came along. they made it out of copper, gold, silver, wampum. soon people decided to put all that value into a piece of paper, then proceeded to wave goodbye to value, printing unlimited

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we've got a news alert out of washington, d.c. elan -- ylan mui has the details >> lawmakers are planning to start a short-term stop gap bill the government does run out of money on friday. i'm told this bill would last for one week and keep the government open through december 18th as we continue to await the details of that $908 billion bipartisan framework for covid relief lawmakers believe they need just a little more time to get this done, as more players, including the white house, appear to be getting on board again, lawmakers now planning to pass a one-week extension to funding the government guys >> ylan, are the two of the bills in any way intertwined

in other words, is one holding up the other or what >> well, they are two separate bills but they are being planned to move together and be voted on together what i'm hearing is that they need more time on both of them they need more time to figure out the final dreams of what's called the omnibus spending package, as well as we know more time to come to an agreement on covid relief so they're hoping one more week will allow them to hammer out all of those final details, as well as to create the actual legislative text that they'll be able to vote on hopefully by december 18th. >> nobody for now is threatening to shut down the government? >> as of now, no it's sort of a good sign, tyler, that they are taking a little more time. if there was no deal in sight, you might see them kick the can all the way down the road into next year. the fact that they recognize there is a deadline and they're trying to get it done is a good thing. >> all right now we move to seema mody.

>> emerging markets breaking out to their nearly hi-- highest lel in nearly three years. still shaky, are these gains justified? let's bring in the "trading nations" team. the disconnect could not be wider in a company like india where it just had a recession but the market at an all-time heim >> we thought we might be reengaging in global synchronized growth in 2021. i think what the stock markets are sniffing out around the globe is that is likely post the winter covid effects, that is likely to be what we will experience so we've taken isa two-prong approach we have a global strategy by my partner, he began increasing exposure with ems first with

china and then added in high want and japan, which is not an em, i'm well aware but really playing the asian technology growth space and in our client portfolios we've been doing the same, adding to em and in the u.s. portfolios companies that do business in emerging markets. >> there are some countries that have contained the virus better than others. is that why you're bullish on south korea here >> yeah. for em broadly we would outside of the u.s. at least we do have a preference for emerging markets over developed markets i think em is showing more relative strength. looking at a big picture chart of em started with a reversal of a ten-year down trend back in 2017, the 2018-2020 bear market tested that line and now we're seeing a resumption with a meaningful higher high as far as opportunity, the south korea etf ewy is clearing its

2007 peak. so the fact that south korea is already getting above it sign of relative strength. that's where you want to be involved >> understood. thank you. for more, head to our web site and follow us on twitter kelly and tyler, back to you >> seema, thank you very ahead on "power lunch," sharing is caring. set to go public, door dash and airbnb plus as bitcoin goes mainstream. and why the pandemic could be driving sales of boats the ceo of brunswick joins us live to explain what they're seeing when "power lunch" seeing when "power lunch" returns.

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welcome back to "power lunch. here is your covid update. appearing by video in which andrew cuomo warned tighter restaurant restriction, might be needed, dr. fauci predicted is is he serious surge next month >> we could start to see things really get bad in the middle of january. i think not only for new york state but for any state or city that is facing similar problems, without substantial mitigation, the middle of january can be a really dark time for us. >> meanwhile at his briefing today, massachusetts governor charlie baker says hospitals will soon temporarily curtail elective surgeries to free up resources to treat covid patients and as california begins

stay-at-home orders today, it's promoting thursday's rollout of voluntary smartphone app that will alert people if they've been close to someone who later tests positive for covid the technology created by apple and google is already available in 16 states, guam and washington, d.c. but not widely adopted by phone users >> thank you very much markets are near the lows of the session, down do down 200 points the nasdaq in the green, bucking the trend we see elsewhere with a third percent gain today and hit an intra day high again today. so very much a home feel to this market three big themes are set to dominate the market in 2021. the first, a green wave including clean energy and electric vehicles. the groups are at or near

52-week highs. to find out the other two big themes and how to play them, head over to cnbc.com/pro. >> thank you, kelly. it's been a big week for ipos as door dash -- or will be -- and airbnb are set to debut, and joining us to discuss is business editor at axios good to see you. i guess there's just an incredible appetite right now for hot, sexy ipos >> to be honest, there has been all year i think part of what it is with a company like airbnb, i think investors looked at their ipo prote protectus and said, wow, they took this massive hospitality hit and were able to pivot into

more long-term rentals and up their domestic use and at one point turning profitable for a quarter and thinking this is a pretty well-managed company. if the company comes back in middle of next year, they'll be able to add to momentum and tricks they've learned >> year to date they're negative had they made money before that quarter or do we know? >> they had. in two prior years they actually had made money not much they were never a wildly profitable company if they had spent a little more on marketing or a little less the following year but, yeah, they have been to be honest, this valuation they announced this morning, this increase of the shares, it brings them up not only twice what they were valued at earlier this year in kind of an emergency bailout round in the private market, it brings them kind of a little bit more to where they had been valued in

their private round. the growth trajectory from a pricing perspective makes a grael deal of sense. >> they have, airbnb, they have a branding advantage because their name is associated with shorter term and longer terms condos i bet their share is the biggest by far >> it is and lots of hotels are either going out of business or on the verge of going out of business there might come a point where everyone is able to leap out of their houses and travel, airbnb is where they'll probably go because a lot of places they would have gone a year ago or two years ago just aren't there anymore. >> let's get to door dash. david bailin made the point you just made, which is that 2021 is

going to be in citi's view a year where people exchanges stay-at-home trade for the get out of home trade and start to move back into having experiences the likes of which airbnb supplies. let's talk a little built about door dash. where do they stand, when are they coming and what do the numbers look like? >> door dash is supposed to price its ipo tomorrow night, tuesday night and begin trading wednesday morning one. door dash is a tricky one. lots more people this year have been ordering food they acknowledge their biggest risk factor is that 2020 has been a bit of an outlier in terms of volume. they've done a better job getting close to profitability than their rivals, namely uber eats this question of home food delivery has seemed like this failed economic model. the more volume you have, the more money you lose.

door dash seems to have figured out a way to turn that trick a bit in a way that uber hasn't. >> dan, thank you very much. great to, as always, have you on >> thank you >> well, here's a name from the past and the present bill gross today proposing to his neighbor that they end a simmering legal battle, one centering around whether gross played the theme to gilligan's island at high decibels to irritate the neighbor. robert frank joining us now to explain. this is an odd one, robert, with a very interesting twist in it tell us the story. >> lots of oddities in this. bill gross just moments ago calling for a truce in this legal battle with his neighbor over duelling restraining orders this coming just before gross is scheduled to testify in the open letter gross said all the money in the letter spent against this harassment

case should be given to covid related charity. "in the midst of this global tragedy, the world is transfibsed transfibxe by a man who plays the theme song at song to a 1960sitcom." and he called his neighbor a billionaire who blocked his view and the spat began after he rented out his house to be used in the tv show "ballers, " which apparently blocked the driveways for weeks. he said the absurdity would be laughable to me, even if i wasn't a direct participant. we reached out to mark tofy for

comment. i'm waiting for thurston howell iii to get involved. >> thurston howell should get involved with his little cap and everything >> this goes back to when tofick was renting out his house for the if i amming and mr. gross got angry and gross put up netting and a sculptur am i getting the sequence right? >> this is in laguna beach where they all have incredible views of the pacific you'd think they wouldn't have any troubles it appears to have started with the ballers thing. this glass sculpture, which is very delicate. bill put a net over to but it accident escalating and it's

duelling restraining orders. this case is scheduled to continue in a couple of hours. >> the lifestyle of the 000.1% the problems of the wealthy. >> of the angry billionaires >> i got to say, looks like a nice house laguna beach, one of the best places in america. robert, thanks kelly. >> coming up in "power movers", it's a chicken fight a deal investigation and app easy play that doesn't make cars plus bitcoin hitting an all-time high today we'll look at the stocks riding its coattails. "power lunch" is back in a couple

welcome back, everybody. it's time for "power movers. shares of the big chicken producers are lower today. chick-fil-a is joining a suit of companies striving to fix chicken prices there you see those chicken companies running from the coop. eastman kodak soaring today.

a government watch dog found no wrong doing in the company's $765 million deal to make pharmaceutical ingredients they did not look into stock tails by kodak officials but that stock is up 53% today and we end with blink energy they make charging stations for electric cars. the stock is up 9% today and 1,300% this year last week the company said it got deal to put charging stations at several burger king locations in the next week you want fries with that we're going to talk to the company's ceo about it tomorrow, michael farkas will join us, kelly. >> looking forward to it bitcoin soaring to a new record high today but still on 20k watch, hasn't crossed that level just yet and soared off this afternoon. it's bringing some public company stocks along for the ride let's go to kate reason for the details. >> hey, kelly, wall street is

finding ways to value square, paypal a few different companies based on their exposure to bitcoin it's more about user engagement than it is about the actual prices here. roughly half of square's net revenue came from bitcoin trading last quarter square says those who trade crypto happen to be more active on the cash app and bring in more revenue hizuho raised paypal last week and it's not just payments analysts put a buy rating and silver gate just last week and they started working with crypto exchanges like coin base in 2016 they say crypto is here to stay and silvergate has a strong

first mover advantage. finally microstrategy has outperformed since saying they were buying $425 million to that over the weekend and the ceo says they see crypt yo currencya bitcoin or gold. you think about 2017, bitcoin dropped by 80% if you think about a company like micro strategy, they're way more exposed, whereas the payment companies, analysts say the price doesn't really matter. it's more about exposure and users being more engaged it's like the oxygen they pump into ka secasinos, it's driving

play and regardless of price they're likely to see more user engagement >> kate rooney, thank you very much >> tyler >> thank you, kelly. you might not be expecting boat sales to hold up well during a recession like we've had but brunswick says many people are social distancing on the water can sales stay strong as we head into the winter? the companies's ceo is about to join us. we speak to him after this.areas

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increase from the prior year the company highlighted the percentage of women buying boats, the highest on record and web traffic is up 90% year on year. they are trading near their all-time high. david foulkes is the ceo of the company and joins us now welcome. >> thank you very much, kelly. >> i hate for this to be the first question, but it is all i can think of, david, what happens next year as things are expected to normalize. >> we expect the first half of next year to be somewhat like the last half of this year with somewhat restricted leisure options. we have attracted in a younger demographic, more women, moret knick. that provides us with great momentum not just next year but future years covid related trends, flexible working are playing into more

opportunities for outdoor recreation and we have our freedom boat club which caters specifically to time constrained people. >> sure. but my question is this, for all these people who are buying a boat who were not in the market the year before they are not going to need another one next year i understand what you were saying working from home can create for mime and more structural demand for boating, but what structures could make up for what could be an otherwise quiet people after people go back to normal. >> inventories are low this year a. lot of people who would normally replace their boats didn't get a chance to this year we expect that replacement trade to come through next year. when you think about it, we were this the middle of covid in march and april, so people -- new boaters whoened entered the market had a very short time window to get into to boating. we think it is going to be a

longer window next year so people making decisions even now in the winter to acquire boats -- i looked at retail financial applications this morning, they were up 90% over the last period last year. that is a strong leading indicator of good retail next year. >> wow what are the other factors that go into this decision? we have seen a portion of the population moving out of urban areas into suburban ones fuel prices at some point on the margin have boat prices increased as a result of this >> i would say no. both prices have been pretty stable if you think about -- we have a broad portfolio of boat offerings, kelly about 80% of our boats cast less than $50,000 this is very much kind of middle class activity we offer a number of ways onto the ladder, value offerings at $10,000. and we will be offering even more beginning next year so plenty of ways onto the boating ladder for anybody who

wants to get on it >> what do you think accounts for the surge in female boat buying and boat ownership? >> i think it is part of this demographic shift we are seeing. we saw this year a lot of new boaters, more female, as you mentioned, but also younger. so the average brunswick boat buyer was in the low 50 years of age up until this year now it is in the high 40s. that's enough for a significant demographic trend and moret knick minority i think people when they say the attraction of boating, it is certainly atransactive, more attractive this time of year but it is a way to recreate while maintaining social distancing and i am expecting people see that and appreciate and it will ten to appreciate it next year and beyond >> well, afdavid, it has been a pleasure having you today. by the way, how cold -- you can't go out there in the ice.

at some point it gets too cold, right. >> i would be surprised how persistent boaters are there will be people out there on the lakes right now and out on the lakes in february as well if you are a boater, you will take on some hardships to get out on the water and maybe go fishing or just for leisure. >> i understand, especially these days, trying to get out however you can. david foulkes is the ceo of brunswick. tyler. >> thank you very much. the dow starting off the week a little lower. nasdaq, though, in the green we will be back with much more on the markets don't forget, you can always watch or listen tois live tonhe go on the app. we'll be right back.

what a year it has been in the markets, particularly as we look over there at the nasdaq composite, up yet again today at 12,508 and the dow industrialscal hee although they are off about two thirds of a point today -- percentage point that is, they are still above 30,000 if you go back to where we were on march 23rd or thereabouts, to imagine that we would be back above 30,000, given where case counts are in this country, i don't think anybody would have taken that bet i sure wouldn't have. >> no. for sure the market has been unstoppable this year. speaking of unstoppable, shares of tesla are up 7.5% today to another all-time high. tyler, this is now probably the fourth or fifth most valuable

company in the world >> yeah. one day, in one year, the growth there -- heavy got to sell a lot of cars. they have got to sell a lot of cars and palantir also having a nice day today. >> they have to sell cars, solar roofs, mega industrial wattage units. they have to sell -- they have to sell the furniture at this point. and palantir up 17%. thank you for joining us, everybody. we will hee see you here tomorrow on "power lunch." and "closing bell" start right now. >> thank you kelly welcome to "closing bell." i'm sara eisen here with wilfred frost. stocks mostly leer to start the week, retreating from friday's record highs let's look at what's driving the action a significant jump in covid-19 case is hitting investors sentiment as we get dire warn prosecution health officials that has the growth names back in favor value underperforming, one of the reasons the nasdaq is still in the green at new all time highs.