it is 5:00 a.m. in alexandria, virginia and here is your top five at 5:00. do you think passing the $900 billion relief bill and a government spending package on the same night watch out tesla, apple reportedly secretly work on its own car, production could be right around the corner. shares of peloton racing hire again today, that company making its biggest deal ever to get off the manufacturing treadmill. strange bedfellows why google and facebook could potentially team up. and it is tipoff time already, the nba season starts

today and just like almost everything else this year, it will look a lot different. it is tuesday, december 22, and this is "worldwide exchange." welcome from wherever in the world that you may be watching i am brian sullivan. thank you for joining us as you probably heard, we have a lot to get to this busy tuesday. but let's open up our game with a deck on your money score futures a lot different this morning than it was yesterday. futures right now and the dow done about 60 points, nasdaq futures, they were in the green. now, all this coming off yesterday's furious stock comeback remember, at this time yesterday, futures were tanking, down 100, 200, 500 points presumably on the uk covid virus strain news. but then midday the markets came roaring back and it became clear

that likely was not the case more likely it was an impact of the s&p 500 rebalancing and as well as new options positions being put on after last week's roll -- remember, we talked about the impact of that rollover in quarterly options last week was one of our big three events well, many market notes suggesting that those would cause the increased selling and volatility yesterday morning, not that doefd strain news either way, volatility could increase like it did yesterday in our holiday shortened week. of course nothing for equities because it is christmastime. ten year yields by the way are still stuck below 1%, they are about 0.93 and of course every day we'll get a check on the cryptos. bitcoin still below 23,000 actually one of the rare moments where we're not seeing a big move in bitcoin, it is up 37

and we'll get more on the markets in moments, but right now, some of your top tuesday headlines. the house and the senate passing a $900 billion covid relief bill late last night along with $1.4 trillion in legislation to funds the government through end of september. stimulus includes a supplement, $284 billion in paycheck protection program loans, $600 billion in direct payments, and $8 billion for covid-19 vaccine distribution president trump is expected to sign that into law elsewhere, google and facebook reportedly agreeing to join forces against possible antitrust action the "wall street journal" cites andacted version of a lawsuit filed by ten states against google alleging that the tech gooi c giant cut a deal two years ago to work with facebook in online advertising. the lawsuit suggests that the

companies knew that it could lead to an antitrust investigation and that they discussed how to deal with it. in other technology news, apple reportedly trying to produce a self-driving car with its own battery technology that car could be available by the year 2024 according to reuters. apple stock up nearly 3% on the news and was higher on monday as well some other names also movingon the report include velodyne and luminar. they make vision technology for autonomous driving and shares of tesla dropped more than 6% yesterday as this company's first day of trading as part of the s&p 500 apple has been working off and on with car technology for about seven years now, so here is a question for you, what should she call it, the boring old icar why don't you come up with good ones and hit us up on social

media. back now to the markets an old saying that if santa claus should fail to call, bears may come to broaden wall so we are just days from entering the annual so-called santa rally period december 26th to january 4th or so but what happens if old st. nick doesn't show up at all bill stone is the cio at stone investment partners. and bill, i tried to do my old like, you know, money bags back in the 1920s type monopoly man voice there. didn't work out too well listen, there are all the axioms and things that wall street has. but there seems to usually be something to this idea the end of the year rally. what do you make of it, does it matter to you? >> you know, what is interesting is the saying is kind of telling you that santa has some sort of crystal ball and tells you something about next year.

from my looking at it, it really doesn't tell you much about next year, doesn't have a very good track record of foretelling the future like most of us but the one thing it does did whdo when you take a look at this christmas eve until january 5th, we have oddly high returns during that point, about 75 prls of the time we're up, which is a very large ratio and we're up about 1.3% on average since all the way back to 1969 so it has a long track record. obviously does not work every year but there is something i think each year that you tend to have at the least a tail wind during this period. >> if i knew that something was going to happen 75% of the time, like the steelers always cover against the bengals -- oh, wait a minute -- if i knew something would happen 75% of the time, that is pretty dog gone good odds so does it tell you anything about 2021 or is it just a nice

cherry on top to what has been a great market year but pretty much a terrible year in every other way in. >> i'll put it as a cherry on top of the year, but it doesn't really tell you anything about what next year brings. so enjoy the presents this year, we all deserve them. hopefully we'll get them here and i always say, you know, unfortunately, we may have unwrapped our presents early from the market. but i still think, you know, again like you said, 75% hit ratio, there is a good chance that you at least get some positive move during this period >> you know wall street strategists have been tripping over themselves to produce higher and higher numbers for the end of 2021. most estimates for the s&p 500 are around, you know, anywhere from 3900 to 4600. basically like 10 forto 25% gais are you also bullish on

equities >> in the longer temp. y term this hurts to say, but it is kind of the tina there is no subject duty stitut. yields are highly likely to stay low. even if they creep up somewhat, which you would expect if the economy continues to put itself back together, but again, it is hard to find a place where you can find some sort of return isn't very comforting sometimes, but then i'd also be more positive in the sense that there are areas in the market that are not expensive. there are areas that are rightly expensive because they have done very well during this pandemic there are areas like the pharmaceuticals that you can have a big drug company for 13 times earnings with a big difference dents on it, you can do the banks at close to book value. i think there are pockets of opportunity. >> bill stone, always a pleasure to have you on here. we'll wait to see if that santa

claus rally happens. merry christmas and happy new use can to you and your. when we come back here, a live report from london on day two of their new hard covid lockdown as we head to break, let's get a check on more of your early movers that are happening in the market right now we are seeing s&p pre-market gainers in apple, norton life lock and net app 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

europe remains on high alert. multiple nations slapping a travel ban on the uk as they fight an outbreak of a new strain of covid. here in the u.s., some are calling for mandatory testing before passengers can arrive from great britain you man i joumanna bercetche has more on this developing story. >> it is day two of the ongoing situation here with the mutant strain that emerged over the weekend. and that has really gripped markets the last 24 hours. but there is some good news because britain and france could reach a deal on reopening the border as soon as today, that is according to uk media. this comes after more than 40 countries in the world have banned travel from the uk to prevent the spread of the new coronavirus variant. spain has become the late toast block all travelers from britain

except spanish nationals and residents. and this follows on from germany and france yesterday i want to take you to how airline stocks are doing actually for the most part, we're rebounding in what was a heavy selling session yesterday, some of the names were down 5% to 7% and we are seeing a rebound of some of the larger airlines there is oooptimism that the trl bans won't last very long. about you remember, a good part of the country is in a tier four lockdown so very restrictive in a press conference yesterday, the british prime minister boris johnson did say that the leaders of the uk and france are looking to resolve the delays and did

seek to reassure the public that food imported from the conity nents will nent will be unaffected. >> it is vital first to stress that these delays which are only occurring at definiter only affect human handled grea freigd that is only 20% of the total arriving or departing -- arriving from or departing to the european continent this means the vast majority of food, medicines and other supplies are coming and going as normal >> so there was a bit of a panic yesterday about the possibility of there being less food available for christmas dinners over the next couple days given the lockdowns that we're seeing to supply chains boris johnson has sought to reassure the public that christmas dinners can still go ahead. there may be some short lockdown, but for the most part, the supermarkets do have enough

inventory in place but it has been somewhat of a scary 24 hours for people in the uk. . >> yeah, whenever there is a lockdown, people tend to leave those areas. have you been out? we had massive amounts of hoarding at the beginning of it in march are you seeing the same thing? >> not so much this time around. there have been some reports that people are looking to start stockpiling. but i think the general commentary from the supermarkets and the government itself, that the situation is under control, yes, yesterday we did have a backup of 500 by a ththat port f

dove every, b dover, but it should be reduced today and it should be unwound in the next couple days. so the bigger question is that of this mutant virus and we know that it is rapidly spreading in the country and we don't know how severe also its impact will be on people's overall reaction to the virus. so that is something that we're monitoring and watching very closely. i would say that is the largest concern at this point and obviously what that means for potential further lockdowns in the future, only a third of the country is under tier four, but that could be rolled out to even more parts of the country as well if the situation from a virus standpoint continues to get worse. >> we'll see what the people's appetite for that may be but the good news is that most people we talk to believe the vaccines should or will work on this new strain as well. and we'll talk to somebody from emory university about just that joumanna bercetche, thank you very much. up next, as we get ready for the show's second quarter, the

nba had a successful end to last season in its covid bubble when the new season begins tonight, things will look a lot different. the big business of basketball, next today he's b's big number. $1.2 billion that is how much new york city has lost in real estate tax revenue so far in 2020 according to the real deal sales of commercial and residential properties are down 49% this year through november

welcome back let's get a check of the headlines with frances rivera. >> attorney general william barr's resignation will take fenkts tomorrow. he held his final press conference yesterday and made a major break from the president saying there is no need to bring in a special prosecutor to oversee the investigation of hunter biden which has been going on for nearly two years and no need barr said for one to look at the election saying there is no evidence of widespread fraud a cheating scandal is rocking west point, more than 70 cadets are accused of cheating on a math exam while learning completely last spring

two have been exonerated, four left the academy and the others still face administrative actions. it was a massive upset monday night football, cincinnati started off hot with vonn bell lighting juju smith-schuster up like a christmas tree to force that fumble pittsburgh's turnovers hurt them throughout the game. the steelers steal it in the second half and bengals hand pittsburgh their third straight loss, the score 27-17. brian, those are your headlines for this tuesday morning >> frances, i know some of your colleague colleagues' times. do you have a team >> in college, my husband is full on cornhuskers. so by default, i'm there too >> i like it just three yards and a cloud of dust

frances rivera, thank you very much switching from the awesome bengals jerseys to the nba this kicks off its season tonight and if seems like the season just ended, are you not wrong. it has only been 2 1/2 months since the lakers won the title on the covid shortened season. and there is no more orlando florida bubble, but many things will still be very different jabari young from cnbc.com is joining us he was on a 90 minute call with adam silver and other nba executives yesterday hard to believe it kicks off aside from a slightly shortened season from normal, what other big changes will there still be for 2021 >> brian, good to see you. happy holidays to you and your family hope it is a safe within and i'm thinking that the nba is hoping that it is a safe holiday too. remember tonight we do deck off the start of the regular season, but the christmas day games is

what they were trying to get back for and in talking to adam silver yesterday and other media members, you get the sense that the league is definitely excited about being back and the calls i made to team presidents and agents and players, they are also excited it is just a matter of how it will look. those positive tests, because you know they are coming, the nba has been great at messaging that, saying that they won't think that they will be able to sneak through like the nfl so i think right now it is just a wait and see, they will fill out the protocols and in certain jurisdictions hopefully try to continue behind the scenes to do all they can to get fans back in the arenas because remember, that is 40% of the revenue. >> yeah, you know, so this shortened season, and good point, we know that there will be positive tests. it is like the media, and we're the media, we get that there

will be positive tests so are they stretching the season out because there might be periods of time where a team can't play for a week or ten days >> you know, it is interesting, they are breaking up the schedules. so they released the first half already and they will release the second half sometime i think they want to do it in early march. and what the plan is, they are only on expecting a handful of postponed games, because remember, it will have to take a lot for a game to get postponed, like a massive outbreak. so if they do have postponements, they can easily schedule those games on the back half, the second half of the season that is one of the reasons why they did not release second half of the season yet because they will plan on plugging those games in so a good idea and again, just hoping to get away with the benefit that the nba has as opposed to when they first came back to start their bubble that testing is better. we have rapid testing, we have the vaccine.

the news around the vaccine. nba won't jump the line, but i would cia assume that they are hoping that it is more widespread because the teams -- feeling i'm getting talking to teams that are even on the fence about allowing fans in, they would love to get their protocols up and running, because if you are a postseason team and you are allowing fans, you want to make sure your protocols are in place because that playoff revenue is massive dollars at the gate that you are missing out on and you are thinking by april and may, that maybe if the vaccine is more widespread, that they can have some fans come back in. and again, that is playoff money that they are missing out on and i'm sure that the owners behind the scenes would love for that it be the case >> listen, i've been on the road and covering the vaccines and it will be widespread you may have a bunch of doctors and nurses, give them the tickets. they more than deserve it. and we just threw up a graphic that said team parties will be limitsed to ed to

limited to 45 people i mean parties like a group, not like hey, let's three ow it down after midnight so groups of people, not revelry? >> yeah, groups of people, man >> i'm like 45 people? i want to have a party of 45 people >> and that's fine, but didn't take any pictures and put it on social media so that you won't be criticized either yeah, those are groups of people and teams will have family and friends come to the games. so cutting it off from the outsiders. just to test to see how things look but even if those parties get big, i think that they would shrink those too so only about the people that are travel, i think the teams want to make sure that it is only important people because you couldn't want to just take in anybody and that can set off an outbreak. so for the teams that do have fans, i think that they will try

to work around and try to get people back in safely. >> and apparently six teams are allowing fans. seems like an unfair advantage there. we'll get to that next time we have you on. i don't b jabari young, appreciate it. see you soon up next, shares of peloton have been among this year's so-called stay at home winners, and now the fitness company make its biggest deal ever. all to solve one very basic problem. the details when "worldwide exchange" returns. dow futures off 52

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congress passing a covid relief bill and government funding plan all in the same night. hard to believe, but true. tesla's shares dropping on the company's first day on the s&p, is apple making a play at their business and peloton announcing its biggest deal yet all to solve a very basic problem. it is tuesday, december 22, and this is "worldwide exchange." welcome or welcome back, everybody. and happy tuesday. i'm brian sullivan let's see how your money and the markets are setting up their day after the furious comeback for

stocks yesterday futures looking a lot differen now than they did at this time yesterday. remember, right now about 5:30 in the morning, futures down about 300 or 400 points. talking a lot about the uk sdviu strain right now nasdaq futures are in the positive s&p also just turned positive as well so flip a coin on what way the markets will go today, but either way, looks nothing like yesterday. of course the markets came roaring back and it became clear monday that it wasn't really that uk covid strain that was driving the selloff. it xwolt all tgot all the atteni looks like the s&p s&p rebalancing, combined perhaps with new options positions being put on new positions had to be put on that was probably leading to what we saw in the big selloff the first couple hours and volatility as we saw yesterday certainly could jump, it is a holiday shortened week thursday a half day for

equities, friday, it is christmas. everything is closed thankfully financials did well yesterday if you didn't notice, you should. goldman sachs, one of its best days in a long time up 6%. morgan stanley up nearly 6 and jpmorgan chals se up nearly. goldman up 14% in just one month. and oil prices of course, they declined yesterday, those were probably over more lockdown concerns if you are not going anywhere in europe, you won't fwurn fuburn . but oil prices still at 47 and change watch jet fuel prices and demand it could start to pop. because according to tsa data, get this, more than a million people have gotten on a plane in the united states in the last three days that is the first time that we've seen a million people go through tsa checkpoints since march 14th, 15th and 16th. look at that over the 18th, 19th and 209 of

december 209 of december, more than a million people. first time since mid march now to the fight against covid. as moderna's vaccine has started arriving at hospitals and distribution centers across america, really key new question has surfaced will the vaccines work against new strains of covid that are popping up in the uk and south africa one that is likely to show up here as well joining us now is dr. carlos del rio, executive social deassociaa emory university thank you very much for joining us i know there is a lot of information that is not known yet, but talking to your colleagues and scientists, do we believe that these vaccines are likely to be effective against these new coronavirus strains that we are seeing pop up? >> good morning, bra brian, yeao

far all the evidence suggests that the available vaccines both the pfizer and moderna seem to be effective against this variant. there is a lot of people looking at it right now, but molecular standpoint, no reason to expect in a they would not being effective. >> and that is very good news. and is it connect that it doesn't appear to be more dangerous? >> that's correct. it attaches more readily to what we call the ace-2 receptor and it is not just that mutation, but two other mutations in existence in the virus. it is a combinationthrough -- three mutations. and so the virus we thought had

transmissibility about 2.5 to 3, this means one person infections 2 1/2 to 3 people. if it 23it increases by 0.4, so they will in-fenkts 3 to 3 1/2 people so the number of people infected increases significantly. >> yeah, i guess increased transmissibility would be increased risk as well if you are saying that it is attaching to the ace 2 inhibitors, that would mean that the vulnerable members of the population in some ways it would be more dangerous for them because it may be more easy for them to catch. >> that's a good point it is more easy for them to catch. but the virus itself is not more severe the disease outcome is no different. therefore, you know, it not more severe are virus, it is simply because there is more transmission to more people you would probably have more sick people but it is not because the virus

is more severe it is because the number of people infected is higher. >> and there is some worry out there, and obviously we're cnbc so we take about the economic impacts of this stuff, people are saying what if this new strain comes here. doctor, it has to be here already circulating in the u.s. population we're learning now that covid existed in the u.s. in december if not earlier and maybe parts of china as early as october it seems along cal th logical ti is already here. >> absolutely. i think strain is already here and that is why limiting flights and other things like that, by the time you do it, it is almost like the horse is out of the barn some of the things that are happening is we have to increase our surveillance, we have to increase our molecular surveillance i think what some airlines are doing, starting to test passengers to make sure that people that get on planes are covid negative is a good idea. i think that we have to do more testing at airports.

the reality is testing is one way to prevent strains from moving in different directions >> yeah, let's get these $10, $15 tests to get the answer in 15 minutes and then you can come on board dr. del rio, a pleasure to have you back on. thank you very much. merry christmas and wield see you soon coming up it is your mornin rbi and this could affect the doctor because he lives in the atlanta area and another big tell on why 2021 could be the year of both the traffic jam and higher oil prices. and speaking of cars, we will talk tesla, the stock following in its first day on the s&p 500. what is the road ahead we'll find out and let's get a check on some of the winners and losers pre-market here on wex ♪

after a night like this,

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know >> all 69 yof the utilities pla vital role but they are becoming a less part of the stock market. it is only one of four sectors in negative territory so far in 2020 but it is only the fourth biggest sector out there, so does it even matter. here are some of the numbers behind it. the technology sector that we focus so much on and rightfully so is now 28% of the overall s&p 500. the second biggest sector out there is health care 14%. so tech already twice as big as health care. and utilities a little less than 3% just to put it in perspective. let put some dollar numbers behind that. take a look at this, the technology sector's market value within the s&p is roughly $8.5 trillion meanwhile, you take a look at utilities, and the overall combined market weight is about $851 billion so yes, your eyes are not deceiving you, technology sector roughly ten times the market value size of what is going on

here and to put it even more in perspective, one technology company in particular, not even the biggest one out there, is alphabet currently with a $1.2 trillion market cap and take a look at that utilities sector, $863 billion so just to kind of give you some numbers around the utilities sector, it is not the most important one. it is not even close to being the biggest one out there, but one that is important for a lot of income investors, still a very small part of the market and getting smaller with the rise of technology back over to you >> and i would argue that the two smallest sectors, energy and utilities, are actually the most important is he can tosectors. i'd love to see google work, get the data centers all fired up for facebook and google if the power didn't come on is that amazing? last time i checked, you need electricity to get the is it you have to work >> it just tells you how much investors put on growth versus

the actual stability of a business model not to say that technology companies don't have stable business models, but they are vital. these utility companies like you said, they are just not growing. they are highly regulated. they can only chaernlgrge a cer amount of money. their growth is capped almost by government intervention. but they throw off lots of cash. i'm a golfer, i've got 14 golf clubs in my bag and they all serve a different murm for many investors, thiese utility type companies spin off a lot of cash and they are dividends paying machines so they play a role in investor portfolios but these days there is so much more focus on -- you will did a report on tesla. the growth there >> and i hear you, i'm just

saying the lights need to come on, you have to power up that tesla unless you are making your own power, which some people are by the way dom, miss you, buddy, i look forward to -- you beat my by like 32 strokes last time we played stroke. i look forward to playing again. merry christmas to you >> merry christmas, brian. let's talk more about tesla. it is like dom saw the show ahead of time. tesla following on its first day in the s&p 500, so what about the tech stocks? jason ware is joining us good morning are you concerned about tesla's in-auspicious addition to s&p or was that just froth? >> we're not concerned because we don't own the stock it is clearly a growth company it is a key that most investors have been skecceptical of.

and i think that waull of worry for the stock has helped propel it higher in the sense that elon musk and co has really bested most everyone's expectations on what the ev market can do. i think until we get real bona fide competition in electric vehicles, tesla has a pretty clear path in that market and that is what the stock is reflecting >> jason, you're a tech fund manager. is it like legal that youdo no own tesla? >> wells to well, to be clear,e have kroeoverweigh weighweight broader than that. yeah, we missed tesla. that is something i admit.

but we own other tech companies and tesla has taken up a lot of oxygen in the room >> and i almost feel like everything is technology these days even mining companies will tell you that they are tech because of something so let's get some storkicking stiffer picks. robotics surgery, isrg >> right that is one we added this year intuitive surgical is dominating the market in terms of the intersection between health care and technologies robot about tick surgery has a very long runway of growth intuitive surgicalis by far an away the dominant player there are a couple of others with a toe in the market but the opportunity to continue to use robotic surgery in technology and software to improve patient outcomes is

something that intuitive surgical is again fitting from across a number of different procedures and we think that runway for growth looks really impressive and the stock is not as expensive as it used to be. one of the more expensive on a pe basis but reasonable given the growth >> yeah, and another name that i hear a lot about but doesn't get any attention is tucked up in milwaukee. >> yeah, a really boring company and we love boring technology companies. we definitely have exciting ones too. but buy serve just continues to be the plumbing of software and fintech plumbing for most of the largest credit unions and regional banks in the country. i think that they have about 15,000 different customers and just continue to grow quietly. their earnings per share double digits for 31 straight years that includes the 200089 a8 and9

crisis and the pandemic this year the return is through the roof and they just continue to operate in an industry where no one really is trying to come in and impede on their economic mode and they really have a wide mode because they are the main core banking software for most of the credit unions and then they cross sell all these other different services that are higher margins so it is a nice growth company at a reasonable price. >> there is nothing boring about making money and that chart at least the last couple months looks very nice. jason ware, always a pleasure to have you on. thank you very much. best to you and your >> and on deck, it is your morning rbi. and this one is going to tell you why 2021 may be the year of the traffic jam. but first, if you have not heard, and you probably have not, we are now a podcast. the show every day put into podcast form so if you missed us or if we're

just too early for you on some days, didn't wor don't worry, ct on our podcast the wex cast now available

today's rbi mass ichli hash us moving around and maybe about oil. we showed you how millions are flying again but while we're willing to get on a plane, we apparently are not as eager to get on mass transit. and we are starting to drive a lot. remember we talked in the possibility in the spring about this happening the idea that once we began to

move around again, mass transit might be over. or damaged for a long time and everybody if they could afford it would sit in the safety of their own gas burning car. that is why used car sales would boom and indeed that is what has happened particularly in one major city, atlanta. apple mobility data shows in a driving levels are now above pre-pandemic levels. it is up 5% over january 13th levels mass transit, the purple line, do you know do you kn down 57% and also more people are walking. and what is more remarkable, even with huge numbers of people still not going into an office driving is up from before the lockdowns. i checked a wufrbunch of other cities and they are still below

pre-lockdown levels. but it is not likely long before they catch up as well. and that means we may be using a lot more gasoline. nearly half of all oil used is to produce gas that you put in your car so if people are nervous to get back on a brus us or subway eve with vaccines, get ready for a couple things. more traffic jams and maybe higher oil prices. random but interesting something to watch all right. making other headlines this morning, you've got peloton buying treadmill maker pre-core for $420 million the company hopes this will help it speed up production and meet delivery goals peloton had been struggling to keep up with surging demand for its products during the pandemic everybody wants to sit in their basement and ride their bike shares up nearly 450% so far this year. so peloton using some of the newly found capital to buy a big treadmill maker.

and as if the spac craze could not get more crazer, softbank is hopping on the train as well. it filed to launch a blank check company saying it plans to raise $525 million in foreign investment in a yet unnamed or unknown technology company and the studio behind the james bond franchise reportedly exploring a sale the "wall street journal" says that mgm holdings is counting its library of content to be attractive to companies that are looking to make big beck on streaming. if you are going to sell service to consumers, you better have something to show them by the way, let's get a final check now on the futures and the market because things are looking a lot different today than they were yesterday this time yesterday, dow futures were down more than 400 points right now, they are actually flat with a fair value that is actually in the green as well. nasdaq and s&p 500 futures are higher as well yesterday a lot of blame in the early morning hours being put on

the new uk strain of coronavirus. it turned out that that was probably misguided because that strain still existed as 1:00 in the afternoon eastern time and stock markets were turning positive moreover, probably the s&p 500 rebalancing combined with new options trades being put on. remember, the quarterly options, they rolled over, three cycled the end of last week we talked about it new positions had to be put on this week. and you could say it doesn't matter the vol dollar cost volume of single stock options twradingra some cases is now higher than the value of the underlying equities options trades are huge, they matter a lot we've been talking about that for a long time as well. and a lot of big time hedge funds are putting on some hedges toward year end just to be careful as well. travel stocks, they were in focus all day yesterday because of that news they came back a bit today let's get a check on them as well airlines, cruises, hotel, you know the names

they are flat to maybe even slightly higher. these were stocks down 8%, 9% yesterday. but luckily good word, the vaccines as you heard dr. del rio tell you are likely to work on the strain. despite being more transmissible, it does not appear any more danger are you also whatsoever. but could spread to those who are high risk. ten year yields are still stuck below 1% and i'll write up five predictions for gun. used to dido a lot of them. maybe nobody cares, but i like it and i want to be on the record about stuff one of them will have to do with interest rates look for those predictions to roll out over the next couple days and weeks so that does it for us here on another busy day on "worldwide exchange." "squawk box" and the gang will pick up the coverage next.

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. good morning congress finally passing a $900 billion relief bill and government spending package. can you imagine the icar maybe. apple reportedly ready to produce its own car by 2024 using its own battery technology and peloton looking to take business to the next level it is tuesday, december 22, and "squawk box" begins right now. ♪ ♪ run, run rudolph, santa makin

to town ♪ good morning, everybody. welcome to "squawk box" here on cnbc i'm becky quick along with joe kenner and mike santoli. andrew is off today. let's take a look at the u.s. equity futures what a difference a day makes. things are looking different today than they were yesterday right now dow futures are down about 30 s&p 500 up by about 3.5, nasdaq up by 42. but yet at this time, the dow was off by more than 500 points we were watching things slide rapidly. and that is not the way the markets closed the day yesterday the dow actually ended in positive territory and that was a comeback to kind of watch and keep an eye on mike santoli will talk more about that in a second we did close well off the session lows, the s&p 500 and nasdaq were lower, but barely. it was an average selloff given where we started the morning let's take a look at the treasury yields. you will see