united states tops 300,000 covid deaths. now you know the news for this monday, december 14th, 2020. i'm shepard smith. follow us on tw here are your top 5 at 5:00. the u.s. vaccination program against covid-19 kicking into high gear today as more locations get their hands on the breakthrough treatment we're talking to one doctor when was among the first to get that shot shows vaccine hopes failing to provide an initial basilica to markets a fierceoff fresh lockdowns continue to grow and congress making its latest bit to ged stimulus to americans with just days to go to get the job done. >> and new potential troubles to

boeing as it expands inspections on its 787 dreamdreamliners. and mariah carey resuming her rightful reign over the top of the charts. yes, it is that time of year all i want to christmas is something. you are watching "worldwide exchange" right here on cnbc ♪ here is how your money and global markets are setting your tuesday up you futures indicating what should be a decently higher open. dow jones implied higher by roughly 181, the s&p by about 23 and the nasdaq higher by just around 59. so trying to build on some of those mixed moves from

yesterday. remember tdow and russell hit records yesterday. and they come, the moves, off stocks ended mostly lower yesterday as a continued rise in covid cases sparks new concerns of potential economic lockdown measures investors will be keeping close tabs on the fed because jay powell and the central bank kick off their final two day meeting of 2020. ahead of that meeting, officials struck a cautious tone about the economy in the december beige brooke al book. and the transportation index down more than 2% yesterday, its worst daily performance since october. and its third negative session in a row as you see there, year to date, up 14%, trailing other parts of the market, but that move lower here is something to maybe keep an eye on, it could be foretelling something possibly worse down the line. and joumanna bercetche has an early look at the trade in

europe good morning >> morning, dom. and we've been talking about fears of lockdown and that is one of the number one thing that european a investors are focused on you can see that most are trading in slightly positive territory, but the theme is one of further restrictions. netherlands announced a five week lockdown, germany announced a closure of nonessential shops over the holiday period, italy also weighing further lockdowns. so it doesn't bode well for business activity over the month of december. you can see the ftse in italy about 0.2. xetra dax up broke 0.75% and we're still waiting the results of the brexit talks. autos in europe led by volkswagen that stock up about 4 percentage

points as there is confirmation that the ceo will remain in his position giving a boost to the sector on the down side, we have retail not responding well to some of the lockdown measures and health care defenses also on the decline. >> joumanna bercetche, thank you very much. and now another bleak milestone in this country. bertha coombs has that and your other morning top headlines. >> the death toll from the virus has now topped 300,000 and amid that vaccine rollout, health official also say that roughly 75% to 80% of the u.s. population will need to be vaccinated in order to achieve herd immunity. the current effort will intensify as another 425 locations will get access to the treatment. and u.s. officials say that they are planning to ship just under

6 million doses of moderna's vaccine once it receives emergency use authorization from the fda which could happen as early as this friday meantime a bipartisan group of lawmakers have formally you been veiled their latest stimulus package which is two bills, the first a $748 billion packagebeen veiled their latest stimulus package which is two bills, the first a $748 billion package and the second, $160 billion package covers liability protections for employers and aid to state and local governments. that vote expected to take place friday the deadline for funding extension to avoid a goemvernmet shutdown and california's zg attorn general is seeking to force amazon, saying that it failed to adequately responded to their subpoena to get more info and he is asking a california judge to order amazon to comply with its

requests but of course he is joe biden's pick to head hhs in the biden administration over to you. >> thank you for those headlines. let's turn back to the markets as there are mounting rockefeller center fears i'm joined now to talk about it. rob, let's start with the biggest picture of what is happening. the markets did pull back in some cases from record highs what does it say about where we stand as we head into the new year 2021 with advantage steeva much in play >> well, you correctly pointed out the markets for the past few days have pulled back. but we have a boost headed into today. i think the market is looking at this as a big week for stimulus

talks because the government will shut down if we didn't get a bill on friday and they would like to tag on to the coronavirus relief and the fed is meeting and they have been sending the message that they are just going to keep printing money until their dual mandates are met, which is going to be way down the road. so i think that we'll get a little optimism as we head into 2021 >> optimism, is it justified, alan i wonder whether or not that transportation move yesterday signals something more dire ahead in the coming weeks in an unseasonably weird time of year with covid in markets that should be strong in december >> we're pretty optimistic and thanks for having me we're pretty optimistic at momentum we feel like the vaccine rollout is a little better than expected we are pretty optimistic about some fiscal stimulus, we're excited about yellen as treasury secretary, you know, we think that there will be a lot of wind

at our back in the markets in the coming months and years. and again, so you've got government, you've got, you know, a bailout -- not a bailout, but another round of stimulus you have vaccine that is going better than expected i think that there is a lot to be excited about and i think the market has been trading positively going in to the news off really good expectations and you are starting to see some of that good news come to fruition. >> and so rob, expectations are decidedly positive, we should be optimistic that with a vaccine right here on our doorstep, being administered now, things will be good if that is the case then, what are the best parts of the market to be at and where should you stay away from >> we continue to like large cap growth stocks here values had a good few months but if interest rates obviously stay low, and they will and the dollar continues to trend down, that should help large cap growth stocks.

and looking more into the micro portion, would certainly like consumer staples, financials and telec telecom. >> it seems, rob, if i might follow up, that is a weird mick. it runs the spectrum of everything >> yes >> i mean, is it fair to say then that this is a stock picker's market? how exactly do you then say, yes, let's go into financials and staples at the same time into like mega cap technology which has been leading the way higher the entire time in 2020 >> i agree with you. i tend not to put all my eggs behind says cyclical sector or the defensive sector i like to look at the sectors on an individual basis from kind of a valuation, technicals and earnings visibility standpoint and as you say, it is an eclectic mix that i like right now. >> allan, you are a stock picker this is what you do.

knowing what rob just said and then what your own views are, what are the types of stocks that you would be going into given that optimism that you just spoke of? if you think about the vaccination trade, the parts of the market that seem most highly levered or correlated to good news on the vaccine has been value. so so much focus on the large cap growth stocks. but a lot of value companies have been overlooked so i'm looking at companies that are trading at lower valuations, possibly companies with pretty decent dividends yields. i like names like target, walmart, verizon, verizon yields over 4%, target yields almost 2, walmart almost 2. and boone thing about walmart, they will be part of the vaccine supply chain.

they will be offering the vaccine through their stores you know, again, i think that there is a lot of good news on the horizon for some of the value names. >> allan, and why the focus on dividends so much right now? is there something that you see down the line, is there a macro environment that dictates to you i want to be in dividend type companies? >> absolutely. look at interest rates interest rates are super low, any potentially could creep a little higher, but still the ten year treasury yields less than 1% it will likely yield less than 1% for the coming months and so when you start thinking income, there is a starvation for income there has been such a big focus on the long duration stocks that are not profitable, not paying dividends, won't being paying anytime soon you have a bunch of names that have been growing their dividends every year and i think

that income will be really in focus in the coming years. >> a big trend for sure developing thank you gentlemen, have a great day. and when we come back, much more on the vaccine rollout, better sha cool bertha coombs lays out the challenges and also attorney general william barr announces his decision to resign within days and later on, navigating covid restrictions across state lines. the ceo of tropical smoothie cafe breaks down how his cpaomny has found success. hey, dad! hey, son! no dad, it's a video call.

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welcome back with the moderna vaccine poised for emergency approval this week, covid vaccine supply is set to ramp up substantially, but what will demand look like as treatment for the outbreak becomes more widely available in bertha coombs has fresh data on that front >> not that many folks want to be the first to be vaccinated. four in ten say that they are taking a wait and see approach

one reason why some public officials wanted to shave the pi see they willing the shot. and vaccine reluctance is a bit higher among rural residents, adults in their 30s and 40s, and highest among those who identify as republicans at 42%. no now, black health officials have been conducting outreach to ally fears. the top concern is a potential side effects of the shot, while just under half are leery of vaccines in general. now, among reluctant republican, among the top reasons they give for not getting a vaccine, nearly 6 in 10 believe covid's danger has been exaggerated even as cases climb to new records and they don't trust the government to make sure that the vaccine is safe with 54% worrying about the side effects.

but 85% of those surveyed say that they do trust their doctor when it comes to getting correct information on the covid vaccine. so, dom, that offers a bit of hope so if people speak one-on-one with their doctors, they might be less reluctant >> i mean, it does make sense, right? if you are going to have one intimate relationship with somebody outside your family, your doctor probably knows more about you than anybody else. so what exactly can officials do to kind of combat the reluctance around the vaccine works with the doctors to get the message out? >> i have actually lost communication with you but one of the things that i can tell you is that we are in the ramp up of a number of companies that will be part of this such as walmart, such as wal walgree, and they are having their

pharmacists talk to people about what it will be like of course they don't know when they will see the wider rollout, but there is an education campaign that is ramping up. interestingly, pwc in a separate survey found that regionally, the northeast was the most anxious, two-thirds of people in the northeast say they plan to get the vaccine within a year. and interestingly enough, among latinos, 71% say that they plan to get the vaccine within a year so a lot of this has to do with conversati a conversation and the more people see others within the community get vaccinated, and that they are fine, that that will also build confidence and demand >> a big communication strategy is likely key here i hope you can hear me now so communication is obviously a big part of the whole story. bertha coombs, thank you very much still on deck, fresh scrutiny over data practices

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this holiday, get the phones everyone wants on the 5g america's been waiting for. verizon 5g is next level. now get one of our best 5g phones on us when you buy one. and get $500 when you switch. plus select unlimited plans include disney+, hulu, and espn+. 100% obsessed with "the mandalorian." i watch a lot of sports. it has all my favorite shows. and right now the best in gaming is also on us. it's like a gift on top of another gift. gifts keep coming at you. everywhere. this is 5g from america's most reliable network. let's check on the other top headlines. phillip mena has the latest. >> good morning, dom attorney general william barr is leaving the administration on december 23rd. president trump made that announcement in a tweet last night. the news comes after barr

acknowledged that there were no signs of widespread election fraud defying the president's claims despite the tension mr. trump described the relationship as we have good and barr's resignation letter was equally compliment y complimentary. and joe biden he's vehic's w set in stone but for all the sdwrau madrama,y itself brought few surprises the final results, 306 electors for biden. and a wild finish in cleveland on monday night football, lamar jackson left the game briefly, but returned late in the fourth just in time to find marquise brown who took to the house to give baltimore the 42-35 lead just over a minutes left now, baker mayfield hits kareem hunt who lungs ines into the corner

the end zone, but they left too much time on the clock, and justin tucker from 55 yards out and the ravens once again stick to the browns 47-42 the final. one of the best game of the season >> absolutely. and with playoff implications as well is there any more electrifying player right now than lamar jackson? >> lamar jackson, patrick mahomes, nick chubb, it is a great time for football. glad we still have it. >> felt liin lip phillip, thank. still on deck, contessa brewer lays out the skepticism among some frontline workers that have them avoiding that treatment >> and then coming up on "squawk box," warren buffett and david solomon join to discuss the biggest challenges facing backbones of this country's economy. small business struggling with no signs of relief all of that coming up at 8:00 a.m. on "squawk box.

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vaccination rollout ramps up in the u.s more locations set to get the historic treatment we're talking to one doctor who was among the first to get the shot potential new headaches for boeing, details about the apparent new defects concerns surroundings 787 model

dreamliner and taking office casual to new heights. as the pajama suit, yes, the pajama suit, helps you kaep it professional and comfy at the same time. we'll talk about hybrid clothing it is tuesday, december 15, you are watching "worldwide exchange" on cnbc. ♪ ♪ as long as i got my suit and tie ♪ i have to wear a suit and tie every day. welcome back to the show here is how your money and a investments are looking halfway through the 5:00 a.m. eastern time hour. futures pointing to some modest gains at the opening bell with the dow implied higher by roughly 175 points and nasdaq by 53 nasdaq be remember only one of the three that was higher in yesterday's trade. the moves come after the mixed session, a continued rise in covid cases is sparking new concerns of potential lockdown measures in not just the united

states, but you're roll europe l and we're watching krud level prices currently around $57 a barrel. remember, it is still down about 22% year to date and still off 28% from its most recent 52 week high. 65 bucks was that mark back in january. now to the latest on a new crack tow crackdown surrounding big technology companies >> dom, the federal trade commission is ordering facebook, twitter and amazon ander oth eot w big tech companies to say how they collects data, how they decide what ads to show you and how their practices impact children and teenagers the companies have 45 days to respond to the order which have typically use todd creative

policy or recommend legislation. boeing is expanding inspections of newly built 787 dreamliner jets. this after finding defects boeing says it is not an immediate safety hazard. and safety infections on the 787 were taking longer than expected hampering its ability to whichever jets to customers. and apple plans to ramp up iphone production by nearly 30% in the first half of next year apple could be aiming to produce up to 230 million iphones in 2021, a 20% increase from last year and people also -- apple also reportedly increasing production of its high end computer products including the mac book pro. i guess with knows chips now being controlled by their fats of their own chip, they can

ranch thinrafr things up about. and the rollout of the vaccine set to intensify today 425 more locations will get access to that treatment that is on top of the 145 that got it yesterday with hundreds more set to get access later on in the week and then beyond. but not everyone is getting on board with getting the vaccine, including believe it or not some of the frontline workers in the covid fight. contessa brewer is joining us outside the new york city covid command center with more i'm shocked, why are they not getting the vaccine? >> it is a great question. and what we'll see, we have hospitals around the nation vthx naturing the frontline worker, but here where a critical care nurse became the first to get the shot, those vaccinations are

not mandatory. a spokesman says that the vaccine received emergency approval and therefore anyone who declines to be vaccinated for any reason whatsoever has the right to do so we believe in the science behind this vaccine and that testimony shor it will shorten the covid-19 pandemic, but it is the employee's right to choose whether to get vaccinated or not. and that is an important distinction. hospitals often require an annual flu vaccine but there is skepticism. [ inaudible ] -- not likely to get the vaccine. and here in new york is it i, firefighters are the frontline workers here and they say 55% of them say, no, they are not going to get the vaccine. we talked to the uniform fireman association about that

>> we just want then to make heo make an informed choice and do what is best for themselves. >> reporter: bottom line, because it was an emergency use authorization, what you are hearing from a lot of people is that they have to make the choice for themselves. >> contessa brewer, thank you and let's bring in dr. mark conroy, an emergency medicine physician at the ohio state university wexner medical center he received the vaccine yesterday. doctor, thank you very much to joining us this morning. i'd like to hit on two big themes that we've spoken about in the show so far you just heard contessa saying there is a reluctance by some frontline workers to get the vaccine. and betterrtha coombs told us tt communications is key to establishing a comfort level in

getting the vaccination. what exactly is that balance that has to be struck? >> well, i agree with everything that i've heard so far which is that this is a right of people to make this choice. and i think that it is important for physicians to show people that this vaccine is safe, this is not a new technology, and this is something that can really make a big impact in this pandemic so just being good examples no the for the community, being able to show the patients that a large number have received it is an important step. >> and we're showing a photo of you getting the shot you are a medical professional did you feel comfortable getting it, did you feel any reluctance whatsoever, did you worry that the rushed way in which the vaccine was kind of brute oughto market somehow impacts the efficacy or the side fiktss

comicom effects coming down the line >> i didn't. i'm an emergency medicine fish at ohio state, i work in the emergency department regularly and take care of covid patients almost every shift and having read up on the vaccine, having rid about the trials, having read the data that the fda released with their approv approval, there was no hesitation to get this vaccine we were not the first people to receive this it has been trialed with tens of thousands of people. so i didn't feel any hesitation to get it on my part >> you work for a university medical program. do you get the sense that your feelings are the same as your peers throughout the ohio state university medical system? >> i do. i think there was a lot of buzz yesterday, a lot of people excited to sign up and get themselves an appointment to get the vaccine we are as a medical center starting this vaccination process yesterday and really

ramping it up today. and we expect to use up as much of the first allocation as we can because we have a lot of frontline workers who are excited for this opportunity >> what exactly is the case that you would make now to frontline workers not just here in this country, but elsewhere around the world as well, as to why it is important for them to get vaccinated for this player disease ahead of their treatment for everybody else out there who may be succumbing to this disease? >> well, i would think i would encourage them to read the data and, you know, make a decision for themselves and for their families but when it all comes down to it, you know, it is time for physicians to be a good example for the community. we've been a good example for years and we can continue that with this vaccine. and you know, i think that it has been shown to be safe and it is a xwragreat opportunity for everyone >> as i look at the whole process, we talk about the

notion that doctors and their patients and the relationship between them will be key for people to be comfortable what would you give in terms of advice to your fellow medical professionals out there about getting people to feel comfortable with the notion of getting vaccinated >> you know, i think setting an example. allowing them to make the decision themselves, but showing them the data, talking to them about how i'm feeling. it has been a great 24 hours almost i haven't had a single symptom and i've just been excited to have the opportunity so i think just encouraging them to make this decision and really put a lot of thought into how it impacts them, how it impacts their practice going forward and how it i678 pafimpacts our communities. >> and what do you see as the biggest hurdle that could make the effort perhaps a little

harder to come by than initially thought? >> i think the biggest hurdle is just the skepticism that we've been discussing. so just a good education effort, making sure that people understand the effort behind the vaccine and how important it can be to bringing an end to the pandemic >> dr. conroy, ohio state, thank you very much. please keep in touch and let us know your progress there, how you are feeling and everything else >> thanks for having me. coming up on the show, finding success amid a mountain of covid related restrikes the ceo of one restaurant chain doing just that lays out what his strategy was but first as we head to break, some of your other top stories google ceo extending the work from home period until next extent in an email memo, he said that

the company will expect the employees to do to the office at least three days a week, effectively axing the idea of permanent work from home and also a junk ordered jud ordered uber to release safety report if uber fails to pay the penalty, the company's permit there could be suspended and spacex reportedly in talks with investors to raise another round of funding looking to double its valuation to as much as $92 billion. the report suggests still an early stage for the talks with the rocket maker hoping to close in january on that next round.

the city is hunkering down for what could be the first major snowstorm of the season coming up wednesday overnight into thursday. so we'll see if those streets stay clear in the next couple days welcome back, it is fair to say it has not been easy for companies to operate smoothly during the covid-19 pandemic that is especially so for those with locations across the country that have to comply with different guidelines, law, restrictions, state and

city-wise. one restaurant chain that found some success is tropical smoothie cafe which has more than 900 outlets in 44 states and washington, d.c. the company ifted to aboukocompl strategy and joining us is charles watson you have to navigate so many different regulatory environments, what has baynes key to navigating a restaurant operation during the coronavirus pandemic >>s key f the key for us is the relationship between us and our franchisees. they have shown an incredible amount of grit and determination. like every restaurant brand, we fell off the covid cliff in march. and we've been able to climb our way back in november we posted plus 26.3% comp sales and we're up 7% year to date the way that we managed it was we took a very cautious

approach, we leaned on the state and local municipalities and we're one the first to shut our dining rooms down. thus the shift to digital as you mentioned. >> and so take us through, what exactly has been the real driving force behind getting that kind of traffic into the stores or i should say maybe into the takeout traffic and carryout and everything else has it been a marketing approach, grass roots approach how do you get people to take out food during the pandemic >> well, i think tropical smoothie by nature of our brand is just very well positioned for unfortunately this pandemic environment. we serve a healthier product that is also very bold and flavorful. so very much on people's top of mind at this point so i think by nature what we serve is very, very conducive to this environment also again shifting our franchisees to third party delivery, app delivery, web, et

cetera and our involvement in the community. we've given away year to date almost 250,000 smoothies to frontline workers and health care folks and we feel really good. at the end of the day, is this a street corner business and we have to own the radius and our franchises where doing that >> every business is local for sure and you are dealing with so many different localities it has to be complicated what is the biggest challenge in operating in 44 different states all different kinds of cities to kind of navigate through that process, how much of it comes from you as a parent company, the franchisor, and the individual locations that they operate? >> again, it is an independently owned and operated business. but we -- i always call it a franchisor the head and the

franchisee the heart and again, we have taken a cautious approach in terms of the cafes being shut down and quite honestly, dining rooms are shut down, the operation is not and weaved had great success in third party, web, either either as i mentioned our franchisees have bounced back and really focused on what they can do right now and whatted orders they can put across and luckily the consumer is coming into see us >> and this is a large scale restaurant operation what has you the most excited or optimistic for 2021 and what has you the most cautious and fearful? >> well, i got to tell you, had a great 21 21 we are powering through the pandemic and 2021, i got to tell you, for me, a little bit glass half

empty, i think it is more of the same through the summer in terms of what we'experiencing right nw i don't think that we've seen the worse of covid i think back half of 2021 we start to light the engines and then it is all forward after that but i think the first half of 2021 will be more of the same as we move into a very good expansionary period after first half of 2021 >> charles, we wish you and all the other small business operators good luck with regard to that trajectory >> thank you and pajama suits, the office coming back to nbc and popular christmas song securing yes again its number one spot on the holiday charts bertha coombs here with more that song, i can't stop hearing it over and over again all season long. >> yeah, but there are worse things to have stuck in your head but let's first start out with pajama suits

you know, hugh hefner famously made a bath robe his uniform but now there is a pajama suit which is washable, stretchy, a car cardigan that looks like a suit jacket, the latest in what may be the new style trend of 2020, the telework casual. the company also sells suit pants made of the same knit pearl, but those may be less important. mean time nbc universal announcing that its peacock streaming service will be the new home of "the office" starting on january 1. the first two seasons of the hit sitcom will be available on the platform's free service while the rest of the seasons will be behind a 4$4.99 a month pay wall and she has done it again, mariah carey's all i want to

christmas is you has topped the charts for the second year in a row. it was released in 1994. and really become a classic. it topped the hot 100 list for the first time last year, the achievement asthma rye mariah c a new christmas themed show out on apple t vchlgt. a and of course in love actually, it was all about what would be the top christmas song >> so for me, i love christmas music. i turn on sirius xm pretty of the day after thanksgiving but i would say this, and this is nothing against mariah care rirks it is a very popular song for a reason, i would say the voice that resonates with me this more than christmas is kacey musgraves. i don't know if you've listened to her, but the kind of christmas country stuff has gotten more traction in out

household these days >> interesting i haven't really listened to that i sort of stick to the classics. i got to tell you, i love out grinch stole christmas, i already have seen it twice so those songs stick in my head, you're a mean one. >> i always think about charlie brown. >> seen that one too and i'm sure we'll watch it again. >> bertha coombs, thank you very much appreciate it. on deck, stocks surging for momentum has investors put stimulus hopes over lockdown fears. the moves to make with your money in the day ahead and beyond and you can get the information we bring you right here on "worldwide exchange" every morning, look for us on apwilliap willile podcasts or whatever your favorite application is.

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we could be seeing modest gains at the opening bell. dow him applied higher by roughly 170 points, and the s&p about 20 and nasdaq about 50. and investors are turning their attention to the latest stimulus proposal as the vaccines continue to roll out for more on the trading day ahead, i'm joined by brian nick is this a market that can still be bought? >> we think so because what we are looking at a period that is touch and go with the stimulus, economy probiably does come roaring out of the

gate, but by this time next year certainly we think that well be at that bright light at the end of the tunnel. so if you are buying stocks today with the hope that two years or five years from now you will be happy you did so, we think that that trade is very much in place. but the volatility is actually short term, not long term. and so that is pretty unusual. usually you think you know more about the short term and you have more uncertainty about the long term, but it is reversed here we have a great sense that the vaccine rolling out will help the economy get back on the sure footing, that will be a broad based recovery and that the rally into 2021 should be more broad based led heavily by growth >> so what is the strategy then? because this is what you do. how exactly then do you kind of move into the market or in and out of the market, how do you tackle vesting in this kind of environment, do you wait for the pullback, how much is it worth before you dip in and at what point do you reduce position also how does that work out

>> i think the big lesson of 2020 for investors is that waiting for the pullback is almost always the wrong people because that pullback may never come after the initial dip we got a in february and march, we never really got a another opportunity that good. so had you put your money in at the end of march, you're happy we think that we won't see the same kind of extreme moves in 2021, but being in the market we think is still the best route to take we still prefer higher quality names, even if you are looking at value, we think financials have a nice path for 2021. industrials have a chance to outperform outside the united states, emerging markets especially in places that have not done as well this year so laten ein america, again moe plays on a positive cyclical story for 2021 versus the ugly story we got this year >> and so right now this morning, we got the kind of update to bank of america,

merrill lynch's survey and they say that they see cash levels going down to 4%, this triggers a sell signal on their part, kind of implying that the market is maybe overvalued. and they say that some of the most crowded trades are long technology, short the u.s. dollar and long bitcoin. how does that resonate in the construct that you are dealing with as an investment strategist >> those all sound pretty right to me. i think that technology is a crowded trade because that is where people rightly felt safe this year. but long term with the rev news, the innovation, the cash on hand to put more work into investments, we still think that is a good sector to be at. right now valuation may be telling you that there is time for relative underperformance continue doesn't mean that we think technology stocks will dip, but relative to the rest of the market, i don't think that they do nearly as well as they did this year. interesting about the cash levels being a contrairian

indicator, i think that that is right. all year individual investors were bearish on the market up until really just after the election and the news about the vaccine. markets have continued to do well but maybe not at the same trajectory what we're seeing here is a market fueled by good news and hope for 2021. news about a vaccine, the market tends to like it but when we don't get that news when people are focusing instead on the virus, the ongoing health and economic toll, the markets want to pull back. >> and what is your favorite sector >> for next year, i think financials underperformer this year, we think maybe that we get a glide higher in longer term interest rates. so i think that sector is primed

to outperform if the economy really get going again because it benefits from all other sectors doing well >> brian nick, thank you very much and that does it for here. awbo ipiinuphe t coverage next. for skin that never holds you back don't settle for silver #1 for diabetic dry skin* #1 for psoriasis symptom relief* and #1 for eczema symptom relief* gold bond champion your skin

good morning day two of the big vaccine rollout. hundreds more sites will gain access to pfizer's jab, the shot, and we'll get new data on how the faip da is looking at moderna's vaccine. there is a floods of news from washington we'll bring you an update on the cyberattacks and also doot pepae of william barr.

and also william about your at the time and david solomon have ideas to help small businesses they will join us in the 8:00 hour it is tuesday, december 15, 2020 i think it might be the eyes of december ♪ go big or go home >> good morning, i'm becky quick along with joe kernen and andrew ross sorkin. let's take a look at the equity futures. yesterday at this time we saw green arrows too, the rally faded at least for the dow and s&p. yesterday the dow was down by about 184 points, the third out of four sessions that it closed lower. s&p was actually down for a fourth session in a row and that is the longest losing streak it has seen in about three months yesterday th