rapid five tiff, final trade? >> wing stop. >> jenny >> mike drop. >> abbvie. >> mike and then josh. >> amd, scott. >> stuart? >> butterfield. >> that was a company. >> yes. >> that does it for us "the exchange" is next >> thank you, scott. hi, everybody. welcome to "the exchange" today. here's what's ahead. fund managers are underweight cash for the first time since 2013, and bank of america says that's triggering their sell signal we'll look to history to see whether you should follow their advise. >> plus as we close out a tough year we speak with burger king and restaurant brand's international ceo. is congress doing enough to help we'll ask. and strict limits on shippers 30% of car phones and nirvana

and georgia on everybody's minds. >> stocks are holding on to gains right now. session highs to start the hour, the dow notching another record hoy and that said we should take into acourt all three averages are still negative over the past week one big gainer today is apple, up more than 4% on the heels of a report that's planning a 30% year-over-year increase in iphone production during the first half of next year. also, we should point out the year-to-date performance of the stock just had a big run, up 72%. let's also get a check on the electric vehicle and clean energy space big moves rebounding after a long period of selling off one notable laggard today is tesla is down 1% so falling a bit further from its record high that it hit last week and also focusing in on mia, another one of those clean energy players. the stock is now up more than

950% this year and has the highest 30-day average volume of any stock on the new york stock exchange right now kelly, back to you >> wait, tesla can go down, seema? >> i know. not all stocks can go up forever. we'll see what happens. >> seema, we appreciate, of course, a very big day for tesla looming on friday. meanwhile, as the rollout of pfizer's vaccine continues, moderna continues its pursuit of its emergency use vaccine today. meg tirrell with the latest on those efforts. >> this morning we got the fda briefing document on moderna's vaccines and we're going through the same process with moderna that we went through last week with pfizer and biontech overall the fda saying the efficacy, of course, is strong at 15% of moderna's advantages own and protecting it against covid-19 disease also detailing the safety of the vaccine. things like injection site reactions, fatigue, headache, muscle and joint pain known as

reactogenicity, chills, after the shot rare events, swelling in the vaccination arm as well as bell's pales which is a temporary paralysis or seizing up of the face, three on vaccine and one on placebo not clear if that's related to the vaccine but something they are looking at with pfizer's shot as well importantly no allergic reactions they saw here in the data as something that's being looked at with the pfizer vaccine and that will be a key topic of conversation this week. on efficacy, we also got to see this great graph showing protection even after the first doze really at day 14, two weeks after you get the first shot, protection starts to set in. you can see the blue line are people on the vaccine and the orange on placebo. major protection from disease. another really cool thing we saw this morning is early but suggests that the moderna vaccine can protect against infection with the virus completely which could potentially stop this virus from being transmitted.

we have only seen really early data after the first shot but showing essentially that two-thirds fewer swabs to look for this virus were seen in the vaccine group versus the placebo group once people went back to get their second dose suggesting that some asymptomatic cases start to be prevented after the first dose but that's rare finally on thursday we're going to see the outside committee of advisers from the fda meet, take their vote the "new york times" is reporting emergency use authorization is expected to come on friday from the fda, and that will kick off this new shipment of vaccine doses going out next week, 6 million from moderna to around 6,000 locations. kelly? >> that's on the vaccine front. >> also breaking news on the treatment front in the past hour on the underutization of some of these drugs from regeneron and eli lilly. >> yeah. i just spoke with the chief

adviser to operation warp speed and i was shocked by this. he said they just saw new data on the usage of the antibody drugs and they are getting used at 5% to 20% of the supply being provided each week, 65,000 doses go out each week from regeneron and elittle and slewy is telling me there are few complicating factors here had the drugs need to be used early before people need to feel very sick so people at high risk getting severe disease, they and their doctors need to know about their medicines and reach for them as a potential tool and notes it's very complicated toed a minister these they are given by iv and these are patients who have covid so they can't walk into a hospita and get these drugs, so states and local health departments, you know, kind of struggling with being able to set this up and add minister the drugs but they could cut down on hospitalizations by 50% to 70% if they are used so they could can be very useful >> yeah. no, absolutely meg, i also want to share this email that i got from our viewer

shiem and said can you recognize meg tirrell for her many reports on the coronavirus pandemic. go the-to reporter and the best report on this subject on all of cable tv i found out yesterday from her tweets that she starts her day at 6:00 a.m. i also know she's on the job during the 7:00 p.m. hour, seen her on shep's show, that's a long 14-hour day if possible and appropriate you could forward this email to her supervisor and other higherups, too. they need to know that loyal cnbc viewers appreciate your hard work and excellent reporting so i figured i would do one better and read it out on air for you. >> reporter: that's, really nice you guys make the 14-hour day feel short. >> no, you are the best. are you a rock star. it's been a big year meg, thank you so much. let's turn back to the market now where stocks are higher with the s&p on pace to break its longest losing streak in three months, wow bank of america though is warning that this market is flashing a sell signal because investors, they say, are going all in according to their december

global fund manager survey, the cash levels in a typicalful of have dropped to just 4%. that's the first underweight cash position in seven years where is that cash going well, according to b of a the most crowded are long tech, short the dollar and long bitcoin. so are my next guests in those trades and positions let's bring in the chief strategist at the clock tower group and the chief investment strategist with mariner wealth advisers good to have you here. marko, affirmative action of all, are you positioned i guess like everybody else on the planet, and how much stock do you put into these surveys as a contrarian indicator >> well, i think how i position is less relevant than how are the institutional investors that we speak to positioned and i would say the one caveat on their view which i sympathy overall correct, like there is euphoria clearly in the markets, is just that a lot of institutional investors and real money out there didn't really believe this rally from the

beginning till now so the only caution i would throw out to it is a lot of cash is still on the shrines in institutional -- in institutional sort of pools of capital, and they are definitely long tech, but there's this vision rotation no cyclicals that is, first of all, occurring already and could have a lot more room to go. is b of a signalling that, sure, but that could mean for cyclicals and value-driven assets. >> jeff, we've seen that kind of play out since september i mean, we had markets looking pretty extreme back then and the kind of pullback that we got was one that was more focused on bigotek and some of those names while other trade like energy have been absolutely taking off. how does your positioning stack up relative to the rest of this fund manager universe? >> well, you know, whenever we look at the market, we look at

three things we look at the fundamentals, we look at valuation levels and we look at technicals, and actually i think all three line up pretty well for a noise cocktail or, you know, champagne kind of toast as we move into the year short term we might be a little overbought, talked about sentiment so short-term we look a little overbought after a 65% run, but if you look at the fundamentals and see the pent-up demand and the way the earnings and economy have recovered and should continue to recover in sustained fats after introduction of a vaccine, i think the fundamentals line up pretty well after we push through a bit of a pause in '21. valuation at 20 times when you've got rates less than 1% on the ten-year and then leadership in some of these higher beta areas that we see, it doesn't suggest that people are scarred, looking to run, are defensive this type of thing we could have a correction at

any movement and we're short tomorrow overbought and long term we're looking forward to double digit returns in 202 is hand i would be balanced between growth and value they don't have the catalysts that some of the growth stocks do but you can get these not just with banks but with others. >> i want to circle back to some of the facts here from the b of a survey we are getting pretty extreme in this positioning if it doesn't set off more alarm bills for you? doesn't have to be disaster but just the sense that we're expecting a repeat of the spent owetation selloff and what happened people are coming off a 40 boston yesterday for the news damage and some other parts of the marketaged what if there is

a bissegger pullback everybody would be caught flat-footed by, that wouldn't they >> absolutely. we have to think what are the catalysts for that sort of pullback meg with the extraordinary reporting, very colleagues, i mean, we have great news on the vaccine front. i mean, really extraordinary news we could have this disease erad kated by the end of 2021 so the covid front which b of a lists as one of the risks are, i think it will dissipate pretty clearly will the only thing that could catalyze a deeper pullback is some sort of a policy error, and really the only place that that could happen at this point given the extreme dovishness into the developed world would be china, if chinese policy-makers as we talked last month decided to deleverage into 2021 that doesn't seem to be something that really worry about in the first half. it's more of a later 2021 story and as such any pullback will illicit the buy on dip mentality

where cyclicals will outperform defensive going. at 4:00 p.m., congressional leaders from both parties are meet pentagon on covid relief as the bill has been broken into two peeks as earlier on "squawk box," goldmen ceo says small businesses urgently need a help with capital and opportunity. >> i'm optimistic with what we're seeing with the vaccine and at the moment while i can see the finish line, they need -- they need help getting across the finish line hand that's what we're hearing directly from them. >> the u.s. chamber of commerce is painting a bleak picture of main street. three-quarters of small business owners say they need more government assistance to weather the storm. on that note, joining me now is

neil bradley, executive chief vice president and policy officer at the u.s. chamber of commerce neil, good you have to back. do you think we're getting close here mean, is this going to fall into place? is it too late is it going to. >> should have been done months ago so we're optimistic about the meeting that's supposed to take place between mcconnell, to try to city together this deal that can -- our latest survey data on small business indicates that if for some reap they were to fail to get at deal, that this would kick into next year, we would lose tens of thousand of small businesses while washington squabbles >> yeah, let's talk about the

restaurants for one moment because we're going to speak with rbi in a couple of minutes, but they are one of the chains they own burger king and popeye's and that sort of thing, but for the mom and pop restaurants close across the country, there is -- there's another round of ppp relief that is in the bill, $300 billion worth but it's not targeted. you know, they will have to fight for everybody else for a piece of that. a lot of them don't have great existing banking relationships and that sort of thing how do we make shourl that they have made some agrovements thoefr the initial program they are targeting the second draw ppp to those businesses who have continuing revenue decline compared to the prior year so it won't be available for everyone. they are limiting the number of employees that are eligible --

if you're eligible to get a ppp loan and are explaining how to use the money and particularly in minority and black-owned businesses they are setting aside some of the money to be targeted through avenues that are most likely to reach them. when we look at our data we show that about 9%, 1 in 10 small businesses, say that under current conditions they will close permanently in less than three months 27% say three to six months so there's enough here that we think can target where the need exists that those 10% of businesses that won't make it without additional action. >> real quickly. the ppp funds are still aimed towards the smallest businesses, is that right? the fed's main street lending program was supposed to pick up the slack for a lot of companies and it's effectively being wound down with very little to show for itself what happens to everybody else >> this will continue to be

targeted to the smallest businesses you know, you're right unfortunately, the main street programs, facilities are being wound down we would have liked to have kept them as a backstop for the economy heading forward so we'll have to play real attention to the myth market companies. there's an additional relief package that we saw for them like what we saufl n the rest rast economy as well. >> yeah, flael bradley with the u.s. chamber of commerce coming up leer only "the exchange." georgia is on everybody's minds we'll look as the race of the most expensive senate race in history. the details and who that hurts

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races on january the 5th and as we get closer to that date money and political heavyweights are pouring into the senate including president-elect joe biden today. kayla tausche has the latest for us today hi, can a la. >> hey, kelly. the georgia senate races are on track to become the two most expensive senate races in history as the party is the sending top billing in past presidents and vice presidents and funds associated with party leaders are lining up their fund-raising firepower but behind each of these candidates. since the november election, democrats have out-raised republicans nearly 2-1 on the main online vehicles win, red and act blue jon ossoff has earned 55 million compared to perdue's 29 million and warnock has raised 57 million compared to loeffler's $27 million and the candidates are nearly even in spending according to ad impact

when you factor in all of the outside money coming from leadership pacs associated with the republican and democratic parties. democrats winning both of these seats in georgia would provide a deadlock in the senate, a 50-50 composition there, but you would get a tiebreaker in vice president-elect kamala harris, but you could corporate entities like the american banking association who are buying ads for the republican candidates because they want to safeguard that light regulatory touch and low taxes. meanwhile, democrats and unions and those types of groups want that more progressive agenda we spoke with matter cahenry who leads the service unions representing workers from health care and hotels and asked whether the outside national groups should be flooding the zone in states like georgia and impacting the interests of state voters here's what she said >> and we have thousands of sdiu members in georgia and the way our union operates and across the labor movement is when we

have a family member in crisis, we rush to have their back >> reporter: early voting in georgia has started this week. the secretary of state, kelly, says it's expected to be a higher turnout than runoffs usually are so we will see what sort of numbers the state can command and what actually happens to the balance of power in congress. >> you know, kayla, might be tough to tell at this point, but is the money that's pouring in moving the needle, and what do the polls show >> reporter: well, the polls are pretty much neck and neck, kelly, and every week there seems to be one that puts the blue candidate ahead or the red candidate ahead. right now you have senator perdue with a half a point lead according to the real clear politics average and reverend warnock has himself a one-point lead according to the real clear politics average for that race, but those are both far smaller than the margins of error in

those races and every few days there's a new poll that shows the other candidate leap-frogging. it's going to be impossible to tell before january 5th. >> yeah, and it's coming up quick. kayla, thank you kayla tausche with the latest on the georgia race. coming up, return to normal and poverty same we'll speak with the ceo of pittsburgh king and popeye's parent restaurant brand international about what he thinks 2021 will bring and apple adding to its monster 2020 gains on reports that it plans to increase iphone production by nearly 30% weave go the all those details the shares are up 4%, and the debate begins on who is considered an essential worker 'rba aerhiquk break. before we talk about tax-smart investing, what's new?

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sw. welcome back new york city suspending outdoor dining as a snowstorm approaches and it's the latest blow to an industry hit very hard in 2020 kate rogers is here with a look at the numbers and the state of play kate >> reporter: data from the national restaurant association showing just how bad things are, particularly for independent mom and pop restaurants. more than 110,000 are closed in some capacity due to the economy or restrictions. 10,000 of those in the past three months alone black box intelligence reports that same-store sales are down 10.3% industrywide, the worst month since august but fast food companies have fared better

given their drive-through capabilities and on-the-go offerings. a look at top performers in the sector for the year. much more about what happened in 2020 and what's ahead is restaurant brand international ceo jose sill, the parent company of pittsburgh king, tortions and popeye's. thanks so much for joining us today. >> hi, kate. how are you doing? thanks for having me. >> great great to see you got to ask you what's been your take on the year and changing consumer preferences and how are you taking the learnings into 2021 >> certainly 2020 was an incredible year. the pandemic we put on hyper speed a lot of trends that were already happening heading into the year obviously digital became that much more important, being able to deliver food off premise either through delivery or through drive-throughs and curbside pickup so that there was a lot of things that were already in motion before 2020 that became much more important

as the pandemic took hold, as restrictions were put in place and as people started to move less and stayed home much more we think we were well-equipped to handle that given all the investments that we've made at rbi and with our three brands, burger king, horton's and popeye's we also think that transparency around food, quality ingredients, responsible packaging, these are things that were on our radar and have become much more important for consumers throughout 2020 and we think will be priorities heading into 2021, and the other piece that i think that came out strong in 2020 was the importance of community, the importance of staying close to our guests, close to our team members, close to our communities in which we operate. we doubled down on that with tortions, with burger king and popeye's in our home, ma as well as internationally making sure we connected well with our

guests locally, giving back, making sure that people were clear about the purpose of our brands and making sure that we they sea us every day supporting and helping us in difficult times. those are trusted brands and love brands moving forward into 2021. >> jose, it's kelly here and some restaurants are trying to reshape the drive-through experience and reshape the kinding experience and obviously this is a big deal if you need your franchisers to be on board with it. what's your philosophy there how different should we continue to expect the restaurant experience with everything from mobile ordering to menu interplay to delivery? how different should we continue to expect that to look >> look, what's great about the restaurant business is that we've always been innovating n trying to address customer needs

and trends so delivery has been part of the delivery for a period of time and drive through for more than four decades and now the current has been needed behind that, we're making a big investment in order to do predictive selling and all sorts of ways of interacting our franchisees are making pig investments here and in canada and all around the world and we've invested in technology, teams as well as apps and other capabilities to be able to improve the experience for delivery we now have first-party delivery available in the u.s. and an we do that internationally give them confidence that they

did interact with our apps un -- and our francee understand that and we think those are going to be big parts of the progress that we make as a company. >> jose, one quick lynn question do did you need another big accession or dump have a quick explanation into how that can turn into the kind of leadership that we've seen from the other parts of the fast food space like mcdonald's this year? >> we have three great -- we have an amazing had business that gave us campaignability to do quite a bit with our capital al lotion so we basically -- we

thought back and we've done some m & a with tortions and others and i think we're well-positioned as a growing company and we've got the growing ability to gain and expects. that's the focus for us today. >> understood. want to things you so much great to have you. appreciate it very much. jose sill, the ceo of r biand a big thank you to our kate rogers as well. >> speaking of restaurants, don't miss hospitality groups danny meyer on "closing bell" at 3:00 p.m. for an exclusive interview. good to get his thoughts on where we stand with the covid relief bill. still ahead, a flood of new shares, the lockup expiration is over for snowflake, and the stock is down sharply over the past week. is the this a warning for names like doordash, airbnb and lemonade that's next on "the exchange."

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highs today. just about 30 points off that level today, a 1% gain 1% gain for the s&p as well, up 41 points, the nasdaq lagging somewhat, up .8 of 1%. utilities and financials are up the leaders, up nearly 2% and some of the individualch movers. shares of baidu is considering making its own electric vehicles they already operate a unit of autonomous driving and shares of planet fitness are lower after getting a negative mention in "the wall street journal" heard on the street saying the pandemic has seriously dented the company's business product planet is down 3.5% and shares if itsy hitting an all-time high, the stock quadrupling so far in 2020. let's get to sue herera now for our cnbc news update >> hi, kelly good to see you. just before getting on his plane

heading to georgia to campaign for the democratic senate candidates there,ings president-elect biden told reporters he's called mitch mcconnell to thank him for the congratulations offered to him on the senate floor this morning by the majority leader biden says it was a good conversation and told mcconnell he is confident there are many potential areas for agreement next year. the fbi is investigating a shooting on a washington-area metro train this morning that involved one of its agents officials say one gunshot victim was taken to a hospital, but it's not yet known if that person is the fbi agent or not and for the first time ever, gaseous substances have been taken from outer space and back to earth a capsule from a japanese explorer has returned from the asteroid ryugu with sand and gas samples with what's being called a good amount of black soil.

it's a pretty cool story so we thought we'd bring it to you. >> back to you i agree. it's worth it. sue, thank you very much. we're ready to turn the change on 2020 including ubs the firm out with its most compelling buy-rating are investment ideas for 202 is and a mix of reopening plays with notable further upside and secular winners that will keep trucking along names include southwest, morgan stanley, dollar tree and 2020 favorites as amazon and docusign for the full list head on over to cnbc.com/pro. ahead here, fedex and ups enforcing strict limits and apple expects booms business next year and rvkaana picking up great speed. that's all coming up in "rapid fire." don't go anywhere.

welcome back let's catch you up on a couple of stories that should be on your radar today it's time for "rapid foyer."

here to brake down the head lyons are jon fortt, seema mode he and bob pisani. welcome, everybody first up, step minutes until christmas and fedex and ups are limiting the number of packages they will pick up from shippers in order to deal with the record surge in parcels carriers are trying to keep up with the boom and volume and the strategy seems to be paying off for the most part. the three biggest carriers had on-time scores of more than 90% in the two weeks around thanksgiving and every shipper performed better versus a year ago. seema, what do you make of it? mean, i've already missed the deadlines from some of the places i wanted to order from. >> whether it's the pandemic, kelly, the vaccine and holiday shipping the delivery giants are really being tested and it really underscores the need for these companies to continue to invest whether it's their fleet of ships, their fleet of trucks and fulfillment centers to ensure that they can meet the demand that is coming in, and at some point you wonder if these

retaillers have to find an alternative solution if they can't offer the same shipping speed as their competitors by the way, amazon, haven't heard about a similar price surge that ups and fedex are talking about. >> yeah. john what say you >> go ahead. go ahead, bob. >> just very quickly how crazy is this? look, i get that we've got record volumes and i know there's employees out because of covid so they have a problem there and can't get all the stuff on the planes, but when did you are think you would hear fedex and ups say keep your packages this year keep your packages hold them out until january. grandma is not going to miss it. mail them all in january and do us all a favor and help us out because we can't handle all the work here. sthnt crazy? they can't handle all the business what a year. >> it is, jon, the only thing about it that makes sense is the fact that everybody is cooped up at least for me i feel like i

was working on ordering lists and projects, you know, earlier than i other wise would have been ups and fedex were from brooklyn, didn't realize that. what they ought to the do is send amazon a christmas card because thank you, amazon, for building out your own logistics network. can you imagine had amazon not done that, the volume they would have to do no way they could have 990% plus on-time ratings at this stage with covid going on, but, yes, as seema alluded, to i think for all of them, including amazon, there's a question of how they are going to step this up for the new reality of people looking for more ways to get their goods from one place to another. just had target on earlier talking about shipped and lots of retailers are are going to have to -- they say it's not just groceries this year obviously they are ordering

everything let's talk apple shares up 4% on reports that they are seeing a surge in demand for 5g iphones. the tech giant is splang to produce up to 96 million units, a 30% increase from this time last year and apple shares up 4%, up is 25% from march, just 8% below september's all-time high how many of this 30% fill is -- don't look at a follow this. people try to get it on what it moans for apple skwok, it's likely more people will have 5g-enabled devices in their hand whether they get it at high demand or it's indicative of demand over all for 4g

think about the barriers and owl those guys having iphones out there will be good news. >> what do you guys think of the appeal overall. >> i think it's interests. it's one of the things further off in the horizon and keeps on getting getter and closer. >> this is a story with a mr. game so why are they -- the mr. president the bulls has convinced everybody there will be a glorious reopening in the second quarter of 2021 and that it's happening because we're going to see a dramatic text pangs of new waters because all of this pent-up demand is going to happen. they are going point to apple and will say you see, a-ha, here's number one example of why we should be optimistic about the stock market

of course, apple, and jon knows this, apple is price i, 32, 13 times earnings and the bulls keep saying don't worry. the numbers will keep getting better so here's the bull story for you. >> the apple bulls sound like they are from brooklyn, amazing the coincidences. let's talk about shares of snowflake which are later after the company's lockup period expires which gives insiders the first chance for owners to cash out and the largest area, the stock down 20% from last week. bob, the question is what does that signal, everybody from the end of the boor to airbnb and doordash. >> i'm obviously reluctant to say that this is due and went up

to like 430. it's been straight down in seven or agent days sin then a fairly -- the tradeable fleets there's a bunch of lockups occurring and there egon so well that the ones coming up have fairly significant lockups i mean, a lot of stocks will become available in the next few weeks. at big one for albertson's coming up, a big one for accolade and one for lem aemptd this doesn't necessarily mean that the stock prices will go down, but there will be a lot of new stock available that wasn't available before for insiders to sell and the public to buy in general, so just keep that in mind something that peopled into to be aware of. >> with a company like airbnb it was the oldest private company, founded in 2008 so you have to

wonder, all those people and with the lockup expirations coming up. you're seeing the stock move later today after the hot ipo but that data will be crucial to watch for this specific company. >> i thought you had a conversation about what was going on with the ipo market earlier today and with all of these questions about leslie's reporting about the delays and roadblocks where they are thinking they want to get the employees the best deal and everybody is kind of looking for what's the right way to play this game and play it all out. >> ceos i think get nervous around the volatility. i still remember standing with the ceo and founder of zoom on their ipo day, and he was worried about, you know, how high the stock was getting i guess he's given up that kind of worry at this point based on the demand that they have seen and the global circumstances, but i'm not really sure if it's about getting the employees the right price or they really want

stability and don't want going public will be a distraction boy, they had a big pop and look how much they are done would rather things be stead ed in a lot of cases but investors have a bigger idea. >> the finally in its coverage initiation note truist was calling carvana a buy rating are, a price target of $300, 12% upside they are already trading above its record close and it's up ninefold since its march low of $29 a share. this has been such a monster bob, what's interesting to me is also the business models that they are doing here, the same way that zillow is trying this model of buying your house directly to cut out the traditional real estate process, carvana is saying we'll come buy

your used car, and that's the plank of this story as well. >> reporter: yeah. that's why the disruptive technology crowd loves it. this is an etf darling it's in all the right disruptive technology etfs, the online etf retail etfs and it gets a lot of buying from that they love buying thematic, love disruptive and online retail this is part of the reason the stock has done so well while the analysts love it, it's not making any money it's going to lose more than $2 again this year, still lose money into the near future if people think you're just being contrarian when you point this fact out but at some point it's definitely going to matter. they're still losing significant amounts of money >> seema >> i'll be a little curmudgeonly as well. there are people like my parents

who enjoy going to a dearlish d, getting to know the agent. and making it seamless, especially if you migrated from cities to suburbs. >> did you just say your parents enjoy going to the car dealer to buy a car? >> yeah, they love to go and test it out and feel the car and experience the car before buying one, unlike us millennials >> that's fair point it's not that i don't want to experience it first but i don't like the process i hate it. >> i could do without it but, bob, i think that would have been a good point for the new york accent to come back when you were talking about the car dealers. i mean, come on. >> a missed opportunity. >> i'll channel my inner gilbert

gottfried again. >> the government is working out which essential workers will be given access to the next round of vaccines. bb'll look at how big a role loyists are playing in that. "the exchange" is back in a couple

welcome back state governors have to decide who gets the next round of vaccine doses and it set off a race between food workers, dentists teachers and more robert frank is here with those details. robert >> well, kelly, from farm workers to food workers, flight attendants and even financial exchange traders, work eshs arou -- workers around the country lobbying to be included in group 1b it's up to the states, the governors and health departments to decide which essential occupations will get the vaccines after this first round of medical workers and first responders so teachers, child care providers, mass transit workers, pharmacists, grocery store workers, they're all the top list for most states in that 1b

group but uber drivers and taxi drivers say they should also get early doses suns they'reince the essential for transportation executives from cargill saying they should also get the sanitation workers saying someone needs to clean up the garbage, those who are in the supply change for doctors and dentists say they're medical workers. in new york and illinois you also have financial exchange staff traders ahead of the broader population saying they're needed to keep all of our financial markets functioning and that is critical infrastructure so it really here how essential is essential and how do you decide based on these categories, kelly?

>> right and even for the industries that do get it, they clearly won't have enough doses for everybody so they will have to decide which of the workers get it first and that sort of thing it's fascinating the chain reaction it sets off thanks so much, robert frank up next on power lunch, the retail etf is up about 12% the past month we're going to look at the retailers whose space could rest on this holiday season for better or worse. i'll join tyler mathisen after this quick break 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.

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welcome, everybody, to "power lunch." the oregon of omaha calling it an economic war as small businesses fight to stay afloat amid more lockdown measures and more to come buffett calling on congress to get a deal coming and he says the clock is ticking and is it ever >> and we have the latest from the gornd as moroun