checks but it would boost unemployment benefits by 300 bucks. if it were a bill and then signed into law, which it's not. for now it's all talk. and now you know the news of this wednesday, december the 9th, 2020 i'm shepard smith. following us it is 5:00 a.m. at cnbc and here is your top 5 at 5:00 emergency use authorization in the u.s. could come as soon as today for pfizer's covid-19 vaccine, but a few complications in the uk could cause delays what you need to know. facebook under fire, responding to a lawsuit filed by federal regulators in 48 states accusing it of antitrust violations will it be forced to sell off instagram? the ipo market remains red hot, doordash surging in its market debut, airbnb begins

trading today. we'll speak with one investor who got in early in d.c., washington buying themselves more time to hash out a stimulus package and boom goes the dynamite, or this time an unmanned spacex rocket the video and full story all coming up on this thursday, december 10, and this is "worldwide exchange." ♪ good morning, good afternoon or good evening and welcome from wherever in the world that you may be watching. i'm brian sullivan thanks for joining us. let us jump right in we are seeing stock futures mildly in the green right now, dow futures with implied open up about 50 points, nasdaq we'll call it flat the major averages did end the day lower yesterday, but they hit record highs earlier in the session before doing so.

quite a bit of a steep selloff toward the end, tech leading the move lower and the nasdaq 100, the qqq etf, snapping a ten day win streak. that's right, it was up ten days coming into yesterday. we'll get more into that later outside of stocks, new data for the world gold council shows that gold tracking etfs reporting their first outflows in a year last month to the tune of about $6.8 billion. that was the second highest on record still, overall net inflows into gold etfs remain the highest on record at $50.3 billion. gold right now mildly down and this has got to be your stock of the day, probably the stock of the week, maybe the month. who knows. doordash, the stock surging in its public market debut, closing up more than 85% yesterday and their ipo price, valuation

of around $60 billion. think about that that makes doordash as valuable in the public markets as companies like pnc financial, regeneron and humana doordash had priced its shares at $102 a piece and it started trading at $182. still a money losing company, but investors don't seem to care it is about sales growth and hey, in lockdowns, everybody is doing food delivery. doordash stock down about 4.5% pre-market, but yesterday made a lot of people very, very rich. your top business story, facebook under fire, and right now we have new developments in the multi state lawsuit against the company that wants to break it up and force to sell whatsapp and stacinstagram. rahel solomon with that and more

>> facebook responding to the joint ftc 48 state lawsuit being a excusing the company of buying rivals to illegally crush its competition. facebook says we're reviewing the complaints and will have more to say soon this after ftccleared our acquisitions and now the government wants to do a do-over with no regard for the precedence on the broader business community or the people who choose our products every day. the lawsuit targeting the 2012 and 2014 acquisitions of instagram and whatsapp comes after more than 18 month investigation. shares are down about 1% pre-market and the european union will require, quote, very large tech companies like facebook and amazon to take responsibility for policing the internet or face fines of up to 6% of annual sales. and sticking now with europe, uk and eu leaders have set a sunday deadline for brexit talks after a tlae hour meeting between eu and uk meetings late yesterday evening. failure to get an agreement in the coming weeks, that would

push up taxes and costs for companies on both sides. the trade deal would make the transition smoother and more cost effective back state side, the house passed a one week federal government extension as congress looks to buy time to strike broad spending and coronavirus relief deals the measure would keep the federal government running through december 18. legislation now heads to the senate where mitch mcconnell says that he does aim to pass it as soon as today leader mcconnell and house speaker nancy pelosi say they want to also attach pandemic aid measures to the full year spending bill. and i think a lot of people would also like to see that. back did you . >> yes, certainly so and those talks on covid-19 relief come as u.s. trends continue to hitly tore rick levels daily debt yesterday topping

3,000 for the first time since the pandemic began but there is relief that could come as soon as today. the fda vaccine advisory panel will meet to discuss emergency use authorization for the pfizer/biontech vaccine. an approval is widely expected and formal fda approval and initial distribution should follow immediate ly after one small sticking point could be the two allergic reactions reported by health care workers in the uk. officials there telling anybody with a serious history of certain allergies to avoid the pfizer vaccine at least for now. of his happenialso happenin & johnson says that it is cutting the size of its phase three trial from 60,000 volunteers to 40,000 citing the increased prevalence of the virus in the u.s., it means that researchers can reach similar done collusions based on a smaller sample size.

j and j is the only major study testing a single dose vaccine. and india's expert committee reviewing emergency use for coronavirus vaccines in that nation has asked for more data before clearing them for use there. serum institute of india, barat and pfizer have all applied for vaccines to be cleared for emergency use. the expert committee which met for the first time wednesday requested though more time and details, that is according to a report in the indian express india has the world's second highest number of coronavirus infections reporting more than 141,000 deaths and 9.7 million cases. overall the race for a vaccine has been remarkable, unprecedented really in human history in its speed and success so far the stock market has surnlgt ge.

in fact the rebound off the lows of march was the fastest recovery since some big days going back to the great depression joining us now for a look at the markets as we near the end of this year thankfully, and ahead to next year, craig johnson, chief market technician at piper sandler. you bring the heat, basically the built-in rbis, which is that this rebound, 185 or so days, back to new hires, tghs, fastese the 1930s. does that make you nervous at all? that is not exactly the best historical reference >> you know, we got to put this into perspective and i think that is what we have to do looking at this advance, at what we're seeing happening with markets, i think the best way is hope versus reality. and to that point of the fast t est advance, couple that with the fact that we are now trading

17% above arising 200 day moving average in the market. only 3.5% of all the trading days since 1928 have we traded at that level or higher from here that coupled together with the fact that you've got very meaningful sentiment indicators that are overbought, the aaii numbers and also when you look at the put call ratios, these are at unprecedented levels. to be clear, we're long term optimistic bulls but short term in here, we do think that there will be a tactical correction and pulled back pullback you mentioned the nasdaq 100, first down day in ten days and how much air you have under that index compared to 9200 d the 20 moving average, some could see a 15% or 20% pullback or correction so the hope versus reality in. and you also mentioned the

allergic reaction seeing with some of these vaccines i think market will not act very positively if there is any sort of negative reaction to these vaccines >> first off, rarefied air, 3.5% of the time. a heck of a stat but based on your projection for next year, 4425 on the s&p 500, a 20% gain from here, we should want a pullback. i know it is painful to watch the numbers go down, but you're a long term bull maybe i want the market to pull back 10% or 15 administers becau% because then i could get a discount >> absolutely about. looking toward year end, 4225 we think is an achievable objective. but right now only two times has this indicator that we look at here gone to 100%. it is at 98.3 right now.

only two times since 1967 has it gone to 100. a lot of good news is priced in and i think a pullback will be a buying opportunity, but right now, there is still an opportunity that i think we've got to be taking some profits, waiting for this market to come back in, and then jump back into the market for the longer term move but right now, we have to be careful coming into this year end. and again, hope versus reality is what we need to start digesting as individual investors. >> well said and we just have over a minute left in the segment. your calls have been so right on the money now for years, you've been such a sage even in downturns. i'll start off, get two names with the hometown homer where i glue up, winchester, virginia, trex, kind of a fake wood decking company, you like the setup. >> i like the setup in trex, we're seeing nice price action putting up great relative strength

there is no need to step away from this. i know a lot of individual investors especially in the mid cap growth side still favor the stock. we like the setup on the charts and it stills very constructive. and we did upgrade the industrial sector just yesterday and we think that now is the time to turn the big stereo nobody toward the early cyclical kind of recovery names and industrials fit into that. >> and like an itw, the old illinois tool works. >> illinois tool works is another terrific setup on the charts nice series of higher highs and higher lows. and again, great price action. and we see he so many charts like this inside the industrials right now. i think too many people have spent too much time thinking about faang and need to start thinking about the early cyclical names >> big boring cyclicals, but if they make you money, there is nothing more sexy than that. craig johnson, always a pleasure, a man who has been so right over the last four years a 445 ca25 call on the s&p, youe

a great day. >> thank you when we come back, an exclusive first look at the rollout of jay-z's new luxury marijuana line he has 99 problem, but an ipo ain't one. plus much more on the global vaccine rollout, we'll speak to a doctor in the uk who is among the first in line, and how he is feeling ahead. and staying on the vaccine front, the ceo of the largest hospital system in new jersey on when his staff, those of us in the garden state, might be able to start getting the shot ourselves.

welcome back what do a music powerhouse, spacs and cannabis all have in common this morning they have one huge star, and that man frank holland is here with news on a different star frank, good morning. >> good morning to you that's right, jay-z's new cannabis brand monogram launches at noon today. cnbc has the exclusive first look at the products, the pricing and the plans to market the line as a premium brand. it is sold by the parent the company where jay-z will be the chief visionary officer. they have pre-rolled cigar,

pre-rolled joints all retailing between $40 and $70. jay-z saying i created monogram to give cannabis the credit deserves mono glam gram products are next level. it raised $575 million back in july of 2019 and acquired two big california cannabis companies. the chairman of that company expects jay-z to create high interest in its products and the company. >> before let you go, we have a quick question apparently this deal bringing in a couple can thnabis companies. sean carter is on board, but it is a crowded space what are they doing to try to differentiate from all the other cannabis companies popping up? >> i see you know a few jay-z

quotes, he said i'm not a businessman, i'm a business, man. so it relates to this. not only is he an influencer, his company roc nation will also bring in other influencers, people like alicia keys, and they will be able to create their own cannabis lines so they will be a tier below jay jay-z's, but have the power to bring the other influencers in >> wow heck of a deal there everybody getting into the spac market in a hot space. appreciate you bringing us the story. have a great day on deck, you will meet a doctor in the uk who just got the covid vaccine, we'll find out how he feels and what he is telling others plus is the pandemic the end of the covy coffeehouse as a place to meet up with friends? what is starbucks saying about the future that might make you just a bit sad

today's big number $74 billion. that is how much u.s. companies have raised year to date in 204 public offerings as of wednesday, highest since 2014. doordash and airbnb headline a banner week for ipos ♪

♪ ♪ light it up like dynamite ♪ (this is ah) ♪ light it up like dynamite ♪ so watch me light the fire and set the night alight (alright) ♪ ♪ shining through the city... welcome back and good morning. now to the big money corporate

stories, rahel solomon is joining us with a few details on these. >> so star buck shares are rising this morning after the coffee chain affirmed its full year earnings guidance and said they plan to open 22,000 stores around the world over the next ten year, many however may just be walk-through or drive-thru locations, no actual hanging out. and don't miss the company's ceo on "squawk box" at 8:30 eastern. general electric agreeing to pay a penalty to settle for disclosure violations involving its power and insurance businesses and goldman sachs is continuing its diversity push, reuters now reporting that the firm's asset management division will pressure companies to appoint more women and members of underrepresented groups to boards goldman however is not expected to go so far as setting numerical targets for racial and ethnic diversity

shares are up fractionally >> good move there by goldman sachs. thank you very much. turning now to the news that could change the world, the pfizer covid vaccine in the uk in its third day of the rollout. canada announced that it will receive doses of the pfizer vaccine this month and we could get a clearer time line here in the u.s. today as a key fda committee meets later today too consider next steps for authorization. frontline health care workers were among the first in line to be vaccinated in the uk and one of whom is joining us now, he is a cardiac surgeon and he received the vaccine on the first day of inoculations, he live tweeted that experience and doctor, it is great to have you on the program tell everybody how you're feeling. >> thank you for having me i'm feeling great.

i was one of the first persons in our hospital to get vaccinated and i'm feeling absolutely fine. >> how long does the process take our viewers, many of them, will be vaccinated the next few months take us from the line to the shot to the sort of how do you feel he afterwards what will the experience be like for our audience >> so on monday the day before the vaccination, we got an email from our management that our hospital was one of the hubs that had been selected for providing the vaccination and the priority list. and they invited us to book an appointment. and i wanted to be one of the first, so i booked one at 7:30 in the morning and that was it we went to the site and were taken to the nurse's station

and i got the vaccine. and it was a very his toric moment and i was keen to capture it on my iphone and they were happy to take the photo with me. >> any side effects? >> no, no side effects at all. the needle brick for justprick a second and then it was all over. the following day, i had maybe just a little bit of pain at the site of the injection. on a scale of one to ten, maybe less than one. but i did a full day's work yesterday and today i'm at work too. so absolutely no side effects. >> that is great news. doctor, there are two schools of thought. you have vaccine optimists who

say that this is -- by the way, i'm in that camp, this is a world changer. and then those that say hold on, we got a lot of time to go, a lot of people to get to, it will take a long time maybe a year to get through this on so many levels where do you stand in sort of the debate if you had to pick a side, if you will? >> i'm an enthusiast i think this vaccine will be the game changer you go back a year, this time last year, we had no clue what 2020 had in store for us and in this last year, so many people have lost loved ones, so many lives have been cut short, so many young people have had once in a lifetime opportunities taken away from them economies of all countries have been taxed we cannot wish it away, the

virus won't just disappear, lockdowns and restrictions can only be temporary measures and soon they will become unaffordable and unrealistic on the horizon, the vaccine that offers a solution. and they are very safe and once mass vaccination programs start, i think that is the only way that we'll get out of this crisis >> and we're there truly remarkable in the history of medical science getting this vaccine in record time we're glad to hear you're doing well up there in scotland. doctor, we appreciate your time. best to you and your family. thanks for joining us. take care. >> thank you straight ahead, back to the markets and a stat you got to hear it is early, but i'll ask you a question can you guess how many stocks have accounted for all the dow's gains the past few weeks call it a bonus rbi and it is

ahead. plus, new york city real estate making a comeback of sorts. we'll tell you some good news around the big apple what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge.

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investors and an entire nation on the edge of its seat as a special panel meets today to consider pfizer's covid-19 vaccine. come i

could inoculations begin as early as tomorrow. and doordash making three founders billionaires. now it is airbnb's time. we have one investor who got in early. and an elon musk spapacex rocket explodes during a test landing. it is thursday, december 10, and this is "worldwide exchange" right here on cnbc welcome or welcome back and good thursday morning, everybody. i'm brian sullivan here is how your money and investments look right now stock futures are mostly higher, dow futures up about 50 points right now. again, not a big move, but we are in the green nasdaq futures call them flat, up on a nominal basis. down on a fair value basis in other words the market not giving us a lot of clues right now about which way it wants to go the major averages fell

yesterday, but of course you know the market still has been mostly red hot november one of the best months ever but check this out, which might make you think a little bit differently, we'll call it the bonus rbi, the dow is up about 550 points since november 25 but in that run, only four stocks have accounted for all those gains. that's right boeing, which is actually most of it, then you got goldman sachs, disney and honeywell. that's it. so it has been a pretty narrow run recently for many of the mega caps. you may not care if you own the dow etf, but still 4 of the 30 names accounting for all the gains of the past three weeks. time for your real morning rbi. and the most random but interesting thing has to do with some other pretty amazing stuff that just happened in the stock market the nasdaq 100 actually fell

wednesday. shocking i know because as you no doubt know, that index had been higher ten sessions in a row coming into yesterday. that's right, a ten day win streak, remarkable or is it because we've now actually had ten plus day streaks a few times over the past decade according to instanet. listeni longest winning streak was 14. we had 13 in 2010, two in 2009 and 2017 who cares, why are you bringing up all these numbers because get this, the nasdaq 100 was created all the way back in 1992 and do you know how many ten day win streaks there were in that index from 1992 to 2009? any guesses? zero that's right

the goose egg. none not everyone during tdotcom bubble pretty remarkable times we're living in for stocks random but hopefully interesting about the market let's expand this conversation and bring in chief investment strategist, a man who was bullish ten years ago, he remains bullish today. i was just trying to bring out the idea that it really has been a remarkable decade for equities in so many ways. >> it really has good morning, happy holidays to you. i was actually harkening back to the 1992 early on in high career, i was working out in los angeles and this whole nasdaq 100 issue i remember when they put the index together and it was remarkable, but thanking for adding perspective to your viewers here this morning.

i think what has happened the last ten years was really a microcosm of the last 20 of the predominant negative sentiment that has been going on wall street, which was actually a derivative from the tech rec, so many people had such a bad taste in their mounts about equity investing following the technology sector rally and obviously big bull market in the 90s. and i think that preponderance of negativity drove people to not the be invested in the first stages of the bull market. and we'll remind everyone that on march 23 of this year, we published a piece saying that that was the low and that markets would rally 50% from that low and that essentially was the control alt delete for this big 20 year bull market. i think a lot of people don't understand how big secular bull markets occur. you can have a cyclical bear within a secular bull and that is exactly what we've had. and i think the next ten years will be much different in terms of portfolio management within the bull market, meaning the

last ten years is really driven by hack crow amacro and academi trading. i think the next ten years will be much more like the 80s and 90s, where company managements really matter. and that was never more evident than during the beginning phases of this march, april and may where it was really company specific and really fundamentally driven so i think that we have a long ways to go and that is why we're at 4200 in terms of the s&p 500 for 2021 >> wow about an 18% gain in next year we had craig johnson, a guy you probably know back from your old minneapolis days, he is at 4225. is it just to your point fundamentally driven, will it be fiscal policy, will it be monetary policy or, d, all of the before >> i think d, all of the before. think of the stock market as a big potpourri of a bunch of different things happening right now. and i think that is why you basically have to have positions

across the board in terms of growth and value, large cap and small cap and mid cap as well, be very diversified and watch the waves. in fact i think that you do have another big stay-at-home trade in the beginning of the year as the virus continues to spike, you could have a broadening out of the rally for financials and industrials. we love technology, communication services and consumer discretionary, but i think this year will be a year where financials, discretionary and industrials do especially well as investors reposition for the longer term. i think there has been this short term momentum into othe e other week type of move. 2021 won't be this period of normalization that everybody thinks, it will be a process >> it will be a process, a slow process on the vaccine rollout

and get back to normal as well great call, and you nailed the sweater. i don't know why i'm in a suit and tie at 5:30 in the morning i'll start doing the show in a t-shirt, i would prefer it brian belski, thank you very much have a great day great call >> thanks, brian >> why am i in a tie coming up, airbnb pricing its ipo last night above the expected range, the second high profile public offering of the week we'll speak with an early investor about what comes next, next

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time for your executive recap. rahel solomon is back with the stories you need to know >> let's start with bank of america because apparently consumers are spending more this year using their b of a accounts than they did last year according to the company's ceo brian noti brian moynihan despite a record level of infections and mounting death toll, apparently many americans are still showing financial resilience he also stressed the importance of more stimulus from d.c. and renters are returning to new york the number of new apartment leases signed in manhattan signed november jumped 30%, marking the strongest november in over 12 years and the median rent price is now

$2743 with most landlords offering more than two months free rent. and spacex starship exploded upon landing after high altitude sub orbital flight testing in cameron county, texas yesterday. the rocket lifted off to cheers as you can hear in the back grubd fr ground there and flew more than 41,000 feet into the air and then attempted a landing flip maneuver, a first for a vehicle of its size. it did flip, but when it made its way back down, the starship exploded elon musk said last week that the skydiving like maneuver had about a 30% chance of happening successfully musk hopes that the two stage vehicle will one data as many as 100 people to mars but apparently he was still very pleased with the outcome i think he tweeted something like mars here we come so still pleased with the outcome apparently >> you know, listen, i'm looking at it, we're going oh, my gosh,

i'm not getting to mars in that thing. but you have to remember, the expectations were low. this was musk kind of doing a stunt and overall it was viewed as a relative success even though, you know, it ended in flames >> i guess it depends on what the purpose of the mission was he said something like the purpose was to collect data and they collected all the data that they needed. so yes to your point, it did what it was supposed to do, but maybe not explode, but you know. >> i think i'll wait before hopping on that rocket just a bit. we'll see. are a hel rahel, thank you two big ipos this week, doordash surgie ining 86%, they done abo down about 3% right now. today airbnb reportedly priced at $68, per share, also above the expected range

it values the company at $47 billion. the stock will begin trading today on the nasdaq under the ticker abnv. get it joining us now is an early airbnb investor. tim, thank you for joining us. congratulations by the way to you and your team. i'm sure that it will be a big day for you even as an optimist, as an early investor, were you surpriseded a all ed at all bys incredible day yesterday >> yeah, it is a very exciting time for myself as we invest in the early and late stages. we're having a good time this year and a lot of fun obviously. doordash was a surprise to me. 85% is incredible. we obviously are hoping that airbnb can even do half of that. >> do you think it will? >> well, it is difficult to and

i. i hope so. it is unheard of that opening day, you know, a stock like that in he's valuations go up 80% but who doesn't hope but i think that it would be better if airbnb would just grow a little bit and then take some of that pressure off the market. >> and who do you think is the buyer, tim, of these ipos? do you think it is the big institutions stepping in, is it the robinhood day trader looking to make a little bit of coin before they move on to the next sco score? >> let me try to draw some assumption from palantir in palantir, we had a lot of institution investors who came in and that obviously helped the price and then it became more a household name for the robinhood investors. in the case of airbnb, it is definitely much more a hoigs ho

house hold name. so i believe the general public will invest more in the door dash and airbnb rather than the palantir >> tell us airbnb, okay, we use it, you pay somebody money, you go sleep in their apartment or rent their entire house out. you will tell me that it is not an apartment or home rental company, right you will tell me it is a data company, it is an advertising and analytics company. i'm just guessing that is what you will say but explain that >> yeah, so again, this is usually what i do, i look at companies and see is there more than the obvious business model behind them, so usually i look for three different layers of monthization monetization when i invest early. and it is less comparable to a hotel chain like the marriott or something like that, much more comparable to an amazon because

it is market based people can put their inventory on airbnb and airbnb just connects the consumer with that inventory. and that allows you as a company to have data on the intent of people that you can then go beyond the actual inventory you are selling right now. so what can airbnb do next, they can come up with all kinds of business models like amazon launched its advertising business model only what a year, two years ago and now it is a 20 bhld busine billion business in revenue. so airbnb can do the same thing. the advertising part is something that airbnb hasn't tapped into. and as you know, advertising especially in this market is a billion dollar industry. >> tim ringel, congratulations to getting in early on palantir and now airbnb, a big day for you. send some money our way.

tim, thanks very much. >> thanks for having me. on deck, a "worldwide exchange" exclusive, robert garrett is hackensack meridian health ceo, the largest hospital system in new jersey, we'll get his take on the vaccine and rollout. and a programming note, don't miss our sitdown with siemens ceo as part of at work spotlight, talking about the transformative era of work look at that, a great lineup and it ticks off kicks off at 1 p.mn still sign up cnbc events.com/work. with a bang, energy and change came to every part of our universe. seismic or small, it continues.

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morning. yesterday the nasdaq 100 breaking a ten day win streak. the record is 14 days back in 2013 we almost got there. still a big run for big tech pretty much wiping out the gains for the month of december. so which way do we go today? not getting a lot of indication. nasdaq futures up 3, dow up about 60 meantime look at the yield on the ten rear creeping back toward 1%, that is something to watch. if you like the financial stocks, you want that yield to tick up a little bit higher. and it has been. there are your dow you gains yesterday. i usually read fast and even i can't keep up. there is back to the ten year yield. a lot going on it is a big day for the markets, the u.s. and the world as the fda advisory panel today meets to discuss emergency use authorization for the pfizer/biontech vaccine. approval is widely expected.

and formal fda approval and initial distribution should follow almost immediately after. one likely sticking point in today's review could be the two allergic reactions reported by uk health care workers vaccinated against the virus earlier this week. officials there now telling anybody with a serious history of certain allergies to avoid the pfizer/biontech vaccine at least for now. that is if you have some serious allergic reactions all this as johnson & johnson says that it is cutting the size of its pivotal phase three vaccine trials from 60,000 to 40,000 citing the increased prevalence of the virus in the u.s. the rising u.s. case count means researchers can reach similar conclusions based on a smaller

sample size. j j & j's is the only major testing of a single dose vaccine. that's a big deal. joining us now is robert garrett, ceo of hackensack meridian health. is mr. garrett -- sorry, i'm not following what is going on here. okay we're waiting, there we go, we are waiting for robert garrett of hackensack meridian, this is live tv, everybody is plugging in their ethernet or connecting to their wi-fi we'll get mr. garrett on as soon as possible. right now, we have a few other top stories that we want to get to of course yesterday the big top story was facebook responding to that joint ftc 48 state lawsuit accusing the company of buying rivals to illegally crush its competition. in a statement, facebook says, quote, we're reviewing the complaints and will have more to say soon years after the ftc cheered our

acquisitions, the government now wants to do a do-over with no regard with the impact that precedent might have on the broader business community or the people who choose our pro r products every day the lawsuit is are targeting facebook's 2012 and 2014 buyouts of both instagram and whatsapp and it comes after a more than 18 month investigation in the meantime, the financial times reports the european union will require very large tech companies like a facebook or an amazon to take responsibility for policing their own intranet or face fines of up to 6% of their annual sales wow. and staying with news out of europe, uk and eu leaders have set a sunday deadline for brexit talks after a three hour meeting between the eu and uk leaders late yesterday evening failure to get an agreement in the coming days would push up taxes and costs on companies on both sides a trade deal would make the

transition smoother and more cost effective meantime back on capitol hill here, the house last night passing a one week government funding extension as congress looks to buy time to spring board spending and coronavirus relief deals the measure which passed in a 343-67 vote would keep the federal government operating through the end of next week, december 18. that legislation will now head to the senate where mitch mcconnell says he aims to pass it as soon as today. all right. we have robert garrett now, ceo of hackensack meridian health. thank you for joining us even if it is by phone you can't go into the details because we don't know them yet, but can you give us sort of an idea as to when we might start to see a vaccination and inoculation rollout in new jersey >> thank you, brian. it is great to be back with you. sorry about the technical issues this morning

but this is an exciting day because we're expecting today the fda will be meeting, they will be meeting all day to review the details and the data submission from the pfizer clinical trials. and we could hear as early as later today or tomorrow that an emergency use authorization will be given by the fda so that the pfizer vaccine can start to be shipped to predisposed locations including those of our hospitals in new jersey. so we at hackensack meridian health have been preparing for this and we could see vaccines get to us as early as this weekend. however, the cdc still needs to finalize their prioritization recommendations which should happen in an emergency meeting that is scheduled over the weekend and we should get hopefully final approval to

start vaccinating as early as next week. so we're ready to go we have i think it is 31 locations, we'll have the hub and spoke type of distribution where some of the hospitals will be the hubs and they will also be able to distribute vaccines at some of the other locations which we'll call the spokes. but we're ready to go. >> doctor, that is wonderful news and we spoke months ago and you told us about all the different treatments as bad as it is in many parts of america, in new jersey we had to suffer it early, you and your excellent team figured out a lot early. we know the vaccine won't solve everything right away, but it has a 99.5% survival rate for covid if you are maybe under 60 and healthy, you will likely survive it so how much will the vaccine be a game changer inasmuch as it will help, you know, provide

literally a lifeline to those who are the most vulnerable? >> i think it will be both it will be a game changer, it will certainly i think with the prioritization of vulnerable groups such as health care worker, such as residents ever nur of nursing homes, niche to emergency medical technicians that are out there, the elderly, folks with underlying conditions, you know, i think the prioritization has been well thought about and i think that it really will be a game changer. the way i describe it, the beginning of the end so what it means is that we can't let our guard down because, first of all, the pfizer vaccine as well as the moderna vaccine that we're expecting hopefully approval maybe even as soon as a week after the pfizer vaccine gets approved for emergency use, both

of those vaccines require two doses, it will take a while for the antibodies to build up within the system. so before we get to what they are talking about, herd immunity, 70% of the population, it will be months and months so we'll still need to mask, we'll still going to need to socially distance, we'll still need to make sure that we're washing our hands frequently we can't let our xwaguard down,u honestly, this is the beginning of the end i do believe. and i'm very encouraged by the data, the safety data and the efficacy data. >> robert, wonderful news, a fantastic way to end the show he and thank you to you and all your team, the nurses, the doctors, to the staff, whatever it is, you guys have saved so many lives and we really appreciate all the work that you and your team have done. robert garrett, thank you very

much a big day, folks we're getting there, it is the beginning of the end and it is the d enof the show as well "squawk box" is next