i heard you talk about it, but i do think it is a problem down the road i think we could overheat this cycle eventually that might be how it ends. >> all right in the meantime, whoo, like i said, anyway, thanks, jim. we'll see you again soon great to have you on make sure -- thank you, santoli. ballroom, llom, people say, that's what you like see you, becky join us tomorrow "squawk on the street" is next good tuesday morning, welcome to "squawk on the street." i'm carl quintanilla with jim cramer and david faber futures are steady coming off monday's big upside reversal congress passes that long awaited covid relief package, sends it to the white house. we are watchinguk sentiment as the eu recommends all member nations discourage nonessential travel to and from the uk. road map begins with apple this morning. and its reported plans for a

self-driving car by the year 2024 >> then new strain, no problem what the vaccinemakers are saying about the latest variants of covid in the uk and later, jedi blue, an explanation of facebook and google's secret pacts, interesting stuff in those lawsuits against those two companies, carl. >> all right a lot to kick around this morning, guys. we're going to start, i guess, broadly with the markets tom lee this morning saying the kinds of upside positive reversals that we got yesterday are not the kinds of things you see when equities are truly topping. >> he's right. i thought that yesterday was one of those days where people said thank heavens, i got a chance to get in before the end of the year there were many stocks that came back, from many different groups, as if almost -- there is something for everyone i know that seems like paint gloss. but when you see, i mentioned on

the mad dash, microsoft, microsoft was down and i said this is the one to watch, the key to the market if they get this thing moving, they got a substantial upgrade from citi, the stock closed up 4. that's people who want in, who haven't had a chance, and what's incredible to me, david, when is still left that is not in? it seems like there is always someone. >> i guess there is still, there is a good amount of cash that is in cash. which you can understand to a certain extent or that is in bonds earning virtually nothing. i heard jim paulsen saying be careful, rates were to rise significantly, your bond prices get hurt jim, it is interesting though you can also argue yesterday was a strange day, because in some ways it was surprising we were down as much on the uk strain news. which wasn't clear at least i think that how much of a negative it is or will be in terms of transmissibility,

virulence doesn't seem to be impacted, thankfully, for the virus itself, though i think there are expectations over time and this is perhaps hopefully a long time, there will be significant mutations in covid that will in fact evade the vaccine over time. and it will have to change >> one thing that kind of went unnoticed yesterday was the cdc changed its rules. it changed its view on covid they decided that it was by droplet. by aerosol which one of the reasons why people feel that masks are essential. not by -- not by touch and not as much by surface, in the as much by handshake, those are obviously all kind of off the table, but by droplets and that means that when you're at one place at a bar or a restaurant, and you have covid, you are by droplet able to transmit it to other people. that has been what i regard as being the most dangerous thing the fact that the cdc just kind of snuck it out there, just

shows you once again that we are dealing with -- let's just say less than optimal way to be able to disseminate news. the idea that it is droplets, that it is aerosol, well, thanks, thanks for nothing, guys in december we learned it is aerosol, we thought it was handshake. people who -- it is incredible to me they just kind of changed it. >> yeah. i think gallop had some poll data last couple of weeks and asked americans among different agencies what -- how would they approve -- what percentage would approve of the communications coming out of agencies cdc got 31% of americans saying that their communications were strong exactly to your point. we're ten months into the thing. >> look, there are major implications to having it be aerosol. >> you're saying like we haven't been talking about this for months you've been talking about this for months. >> am i the cdc? >> no, but nobody has been talking about getting it necessarily or not as -- from

countertops and things like that i stopped cloroxing all my groceries six months go. >> but there is a lot of people who think the way to defeat this thing is to wash your hands for 30 seconds. >> it helps. it doesn't hurt. >> the idea that you -- that it is by aerosol means, frankly, the whole six foot rule is a joke let me send you some i can send you some. >> got to wear a mask inside. >> but, you see, when you're -- a lot of people feel that masks are just a suppression >> i'm aware i'm aware. >> 74 million. >> i'm aware. >> half the country. >> yes a lot of people. >> half the country that you would not want to go to a bar with let's close the bars >> thankfully there is a vaccine getting distributed and we're following that -- >> you don't think that's a hoax >> no, i don't i don't. it is funny, carl, how -- funny, he's on a different page now >> no. >> just read the stories like

you do there is an article about what companies, carl, are requiring people to take the vaccine it is like marriott. hello. the polio was defeated because everyone took it everyone taiwan defeated it you got all these people here, you mention masks, they say, well, look, this is -- it is like it is a communist tool to take away our liberties. and then it is, like, why do we say -- the soil and green thing, people over 75, what are they? over 75. it is okay because they're over 75. are you all right with that? >> no, i'm not >> they're just in assisted living >> they are people >> that's a statement. >> yes >> can i tweet that? >> that's from soil and green, you know. >> they are people >> yes >> do you know -- do you know the book -- do you know the book "to serve man" >> yes, i do.

>> what is it? >> a cookbook. >> you were a winner in "jeopardy. never stops. he's the winner in "jeopardy". i'm just trying to say that it is -- to go back to the cdc, to wrap up that, the 31%, whatever, communicate, i would have hoped that would have been around 90 they're scientists but science is so in dispute now, it is almost like we favor coal over -- >> yeah. >> jim, we want to talk some of this apple car news. before we get to it, i hope you won't mind, alaska air is on the tape with this new agreement with boeing to buy 68 maxes with an option for another 52 phil lebeau will talk to the ceo at 10:30 this morning, jim that's a large deal. and by the way, american begins its first max flights a week from today. >> yesterday, the stock was down very badly why? because we're in a situation where the super whatever -- talk

about something you just drop and it is, like, thank you, all right, thank you for that total lack of information, let's sell boeing on that this is very significant there are a lot of people who felt this thing would never, ever fly with the airlines, for instance alaska air is very good airline, very big order, and it is significant. and don't forget, what did boeing tell me, what did calhoun tell me, biden re jigime, if bin does not stick the finger in the eye of -- they believe they will produce wide body orders, they make a fortune on wide bodies. >> that's their key product. >> they kind of haven't sold any lately there is not a lot of trips to europe now. >> not a lot of trips anywhere right now. >> no. asia is moving along okay. >> there is many -- they have many cities, the tier three cities that don't really is a lot of -- they can use the max, super max. >> right >> i know you've been there. you know what the tier three

cities are. >> in china, it is like -- >> like the size of chicago in. >> no, like the size of new york yeah >> what is tier four >> i don't know. >> they must have 7,000 sports teams. how many sports teams do they have if they have -- >> i don't know. but the size of these cities is stunning stunning >> well, carl, it is a big order. it is not incremental, it is not -- it certainly is a surprise i think that phil does great work and this is big. because there is -- there may be even a comeback in alaska air flies in the pacific >> yes, they do. >> yeah. >> we'll watch that, guys. the other big story of the morning is this reuters report that apple is thinking of a 2024 timeline for its own self-driving vehicle, jim. we have talked a lot about project titan as it has been known over the years some back and forth, some layoffs here and there it now has a new leader in apple's ai chief and some discussion this morning that if

there is one thing tim cook does, it is deliver reliable products when he says he's going to deliver them. >> right, i spoke to apple this morning, they have an official no comment, which means no comment? i'm not going to read into it that no comment means, wow, comment. just no comment. i would say that why wouldn't they be after something with total addressable market of 12 billion cars you want to be the -- whatever number of cars have been produced but, david, people want to be in cars if you go to china, right? the kinds of cars that people talk about there, the ev cars, if you have a good ev battery, big, how about if you have hydrogen i spoke with someone on the lindy board yesterday. hydrogen is a very real fuel and it has got to be mandated by government how about water as a fuel. >> i think water be with a positive >> i know that >> i thought you were asking me. you said how about water as a fuel i said, well, yeah

>> that would be the holy grail. steve jobs loved the idea of -- >> i think a lot of people have thought that, yeah hg wells may have thought that i don't know. >> hg wells. yeah rod sterling thought about it. >> yeah. >> carl, this sis a huge market what i didn't like was that the stock jumped four points after the bell on what may or may not be something that they may or may not be doing in a period where it may not be -- >> jim, building an automobile is not a small undertaking it is an enormous undertaking. even hard to imagine you could keep something like that quiet and now reuters in the story is giving some details about the apple, examining the chemistry for the battery, called lfp, which is less like through overheat and safer and talking about a monocell design that bulks up the individual cells in the battery. this is a major undertaking. we're not just talking about ev, we're talking about a fully autonomous vehicle we'll get there.

the three of us sat talking about autonomous vehicles now for years. i think we talked about 2021, well, will they be all over the place, clearly not one day, yes one day they will be ev, maybe powered by water, but they will be autonomous as well. and then the question becomes is apple -- is it an important part of their business strategy to be involved in some way in that >> well, look, i think that what carl started with is the right one. if they have a product that is superior to -- let's say it, to tesla, they're going to put it out. if they don't, they won't. as tim cook ever put out a perfect where he didn't think the customer satisfaction was right? then, again, they got apple car, that was something they went against samsung. denise sold his company to samsung and harmon and i think samsung is doing quite well. how about the rest of the car world? that's very significant. i don't think you want it buy the stock up 4 today knowing that they say no comment

and, david, you're absolutely right, maybe there is something with the battery they have satellite photos what do they have, david do they have satellite photos? >> you mean, the reporters no. >> cat scan, brain cat scans >> i cannot discuss. >> people talking. >> yeah. >> yeah, okay. >> the accuracy of the report. it is interesting. and to carl's point, jim, it is something we have been talking about for years. the reports come and go, and then you sort of don't hear anything about them and it is very much unclear where the effort really stands if there even is one of significance. >> maybe somebody thought it, had a virtual cocktail, with somebody else, a zoom cocktail and it came up wouldn't it be great to have a better car yes. and now we're talking about it and the stock is moving billions of dollars i'm just saying that tomorrow we may not have the story >> good point, jim story may well be early. still to come this morning, barry sternlicht will join us

with alex rodriguez on their project partnership in miami and a lot more got some news on peloton that will open at an all time high today, price targets on qorvo and dell and more. "squawk on the street" back in a mope

alphabet's google unit and facebook allegedly agreed to

cooperate and assist one another. that's according to an unredacted version of a lawsuit filed by ten states against google last week it was reviewed by the journal the lawsuit reportedly says the two companies knew their deal could result in an antitrust investigation but a google spokesperson tells cnbc, quote, the idea that this was a secret deal is just wrong jim, we sort of got the sense there would be this kind of cooperation when texas announced the suit last week. >> yeah. i know facebook is out there saying that what they did is certainly not equal to what the attorneys general are saying, but, you know, when you look at the google, i don't know if you got a chance to look at the google -- the rebuttal to the government, it is almost as if they're saying to the government, are you kidding me my favorite line, there is absolutely -- we deny, we deny, we deny, we deny, we deny, you

get to this page, and it says, this is amazing, david, how reveltory this is, they deny and then google admits it sometimes sells ads. google denies any remaining allegations. well, there you go i mean, there you go, right? >> i don't know how to read it it is funny. it originated from texas, after they sued to try to overturn the election but it has been joined by a number of states ais you said. but the doj's complaint, one that we will continue to focus on did not contain this allegation so i think that does bear mentioning because the doj spent a lot of time investigating here prior to initiating the case >> i've done a lot of thinking

about this what they need more than anything, i'm not being fa seegseeg facetious, they needed bing to be better. they talk about bing but if bing were stronger, then i think the government's case would be much weaker bing had -- bing doesn't really resonate with people, david. i don't know when you -- sometimes you get tricked in using bing. >> i don't go to bing, do i? >> i think of bing, i think of white christmas right now. >> i'm still using ask jeeves. remember that one? >> yeah. >> it was an isc business, but they created a great deal of value. i kid when i talk about ask jeeves that became ask.com, i don't know what it is now. >> how about the virtual dating? there is a lot of virtual dating >> isc, yeah.

>> very powerful >> they have done -- if you look back -- this is the 11th spin, yeah 11th >> there you go. >> barry diller, always moving stuff around, but creating value. >> you should come on our show comes on the other show. >> he always goes on the other show. >> that's okay >> years ago used to be a -- one of my guests frequently, but i lost him. >> i didn't take him >> you didn't. you didn't you went other places. >> yeah. >> there are certain stocks, i mentioned certain stocks that go up every day, square and paypal and a lot of this is -- i'm not mentioning randomly, i'm saying when you look at the tape underneath us in the morning, what runs? ev, and square and paypal. an we got one more note today, again, saying that square, deutsche bank, 255, and it is the cash app and we don't talk about it enough, but it is how younger people, younger people, robinhood and younger people using cash app from square we're geriatric.

that's what they use i use, like, a credit card david, you still carry credit cards? >> yeah. i do. >> i use credit cards. am i velociraptor with a credit card >> yes, you're a new dinosaur, a new old dinosaur. >> cash is truly dead. you're right, db upped on square this morning we'll talk about that and this purchase of precor by peloton, what that might mean for capacity constraints as futures are mixed. don't go anywhere. we love the new apartment. the natural light is amazing. hardwood floors. there is a bit of a clogging problem. (clog dancing) at least geico makes it easy to bundle our renters and car insurance. yeah, helping us save us even more...

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all right, an opening bell six minutes or so away let's get to mad dash. honeywell. >> yes, one thing that darius has done is he systematically left what i think are more pedestrian industries, auto and housing, and bulked up on technology technology is a service for all sorts of different industries, amazon has -- they have integrated which is the way you run warehouse, which is fantastic. they buy a company called sparta systems, a way to be able to let's say help regulate life sciences building. the reason why this is important, it is all subscription so you have software as a service buy, honeywell for buildings. and i think that we have a lot of companies that toss around software and service, but if you want your building to be run well, particularly with in terms of climate, you got to go to

honeywell. honeywell has been viewed for a long time as a play on aerospace. and they have made that into an obsolete way to look at the company. given the fact we know the building is a principle place where you get covid, building is where a lot of people are who get sick, a way to get your margins up if you do it right, this is a very important deal, even if it is only 1.3 billion and i'm sure in the annals of your m&a world, something you regard as being a -- >> picayune, very small. this company is not known for thermostats and having been in sort of the way to regulate air and things of that nature. that's been one of the core businesses. >> they got out of residential, upgrade to -- what i like about this, david, dam check made honeywell, it is resonating because if you look at this company, it is doing --

>> ready to give it a different multiple. >> being rated as we speak we have to go, david. >> okay. somebody in my ear said that but i did want to finish by saying darius dam check is a visionary. >> runs that -- a spac. >> the chairman of the spac. >> yes >> all right we got now four minutes until an opening bell a lot of stocks to hit this morning. anybody keep an eye on quantumscape we'll get to that one as well. >> go up another 30?

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getting ready for tuesday morning opening bell, coming off the upside reversal from yesterday, where the dow wiped out a 423 point loss and added some additional gains depending on the name after the bell on a day where it got a bunch of different headlines for a week that is typically pretty thin. >> one thing is i'm kind of amazed at is there are certain stocks that kind of -- they just gravitate higher levitate

today mp materials, which is rare earth, plug power once again, just up very big. now, a lot of these are robinhood people, like -- i don't want to generalize too much robinhood on last night, they don't like to wait until 9:30 they're buying at 4:30 in the morning, every day, i see them buying at 4:30 in the morning, very impressive. >> opening bell, guys. watch the s&p heat map fill in do want to get to peloton, jim buying precor for 420 million, gives it 600,000 additional square feet of manufacturing capacity key goes to 185. that's a street high on a deal which they call highly synergistic and we know what a problem product delays have been for people who want a bike. >> i think the big wrap against peloton was wait a second, a big back order, this is what happened with floor that had motor home rv, big back order, maybe we get the vaccine and

they're stuck with a lot of inventory. they think this is much more than just a bike, it is a way to be able to connect with people it is a fantastic product. people love it i thought it was interesting this precor sold -- a few years ago to a company in europe, from illinois tool works, and it -- it is a great company, but it just didn't fit, and didn't even sell, like 100 million in change so, david, your m&a world, it is interesting just in a few years something goes from very small to very large and i was thinking of you yesterday, thomas bravo >> yeah. >> tomo bravo. >> toma bravo. >> yeah. >> what is incredible there is transactions that occur, like ellie may or they have a vision and then four years later they sell it for four times. >> that's the way it is supposed to work. they have done a good job of that they got a 40% return on a lot of their stock. >> they're very good >> yeah. >> very good focused on technology. you referenced yesterday's

large -- fairly large m&a transaction. >> real page. >> real page >> that was a fantastic deal really smart >> i read real page's explanation of what they do and i still couldn't quite figure it out. >> it is technology and real estate >> exactly technology and real estate >> speaking of real, real outperformed by baird. that's the resale on the rise. interesting. real page, realreal. >> there you go. >> there is realreal >> that's -- it is making a move after being dormant. there was a special that cnbc did, questioned some of the -- >> yes >> but it is back. my wife uses it. >> you know what else is back, quantumscape, i mentioned it at the end of the mad dash there. >> i hope it is up. >> of course it is up only 7%. it looked like it might be -- >> has to be up more than that >> curious as to whether this

has been traded at the 4:30 trading bunch. >> look, there is people -- you ever see the cheerleaders, like, now, for palantir, if you say something wrong about palantir, this is a cheerleading stock we need to do a series of stocks that are just -- every day people come out and cheer lead as if it is, oh, my, 1999 when we used to cheer lead for certain companies. not us >> no. >> no, we would question some of the valuations and then i would -- as i said, carl, i would get attacked in the old-fashioned way. people would write me letters. >> yes >> you insisted on truth that's one of your wraps. >> i kept a bunch of them, yes you got it remind yourself now they attack you in different ways but it is the same basic sentiment, i think. >> you guys have no idea what you're talking about leave us alone >> well, i don't know. i find that anything -- >> on the regulatory front. >> yeah. >> guys, fitbit, jim, down 5% as

regulators in australia reject the google acquisition on some antitrust concerns i mean, it has been doing a whole lot of nothing for several months, but it is going to take you back to levels we last saw in late september. >> well, i mean, you know, frankly this shows you the hatred that people have for the big cap technology companies david, come on who is this a threat to? >> i don't know. they got it past everybody else. they have been struggling to get this deal done for years now the fitbit deal. a small deal, tiny transaction but it is part of the merger agreement, they got to get australia, i'm not sure what they do now. >> no. just to go back for a second to quantumscape, ev, ev, they have got what is called a better electric vehicle battery na they're working on by the way, it is entirely possible, david, you broke the story. >> i didn't break a thing.

we brought the ceo on that morning. >> he was very convincing. >> he was. he was and -- >> i had him on. >> he seemed to have -- he seemed to have generated a lot of enthusiasm. >> but this is an example, now, apple is cooling off, carl, thank heavens, i don't want people to get hurt, if you have a better electric battery given the fact of what happened with the stock of tesla, people can't resist tesla is the stock that broke how we view stocks they dream dreams. they don't go with the spreadsheet. they see things that we don't see, carl. they have a vision >> yeah. i -- well, we'll see how that works out in the long run, jim to your point on apple, you're almost talking a post split high, going back to essentially labor day weekend, when the split happened 137, they would take that out. >> i think the 12 is selling well the last major story we had was

that they had to build more parts. remember, this is also viewed as a biden stock. because you can take off the table angry tweets that aren't about the wisconsin supreme court or pennsylvania, wisconsin, what are the other ones that are still -- >> there aren't any? >> no. >> 57 varieties of ketchup. >> there are still, you can talk to lindsey graham, he is on it. >> but, what i look at, when i see these ev stocks, is i see people literally who say how could i go wrong the whole country is going ev, right? biden wants to go ev. >> yeah. >> why not own every single ev. >> plug powerer. >> there is a belief that the biden administration, which seems to from the appointments we're aware of now made climate change a key concern, a key area of focus for the administration. you could imagine that there are going to be efforts made in those areas in terms of

renewables including what you're talking about, jim and if apple really does follow through in some way with an automobile, how many suppliers would they have? how many ship companies would they be calling? we focus on so many key suppliers for the iphone, but, man. >> robinhood is not an extended hours place, that they -- their premarket is 9:00 a.m. a lot of sites that bid up apple. >> we're not talking, when we say there is trading at 4:00 in the morning and there is, by the way, not on the robinhood platform. >> no. robinhood on last night, very well organized about this issue. so i got to be careful when i say the robinhood types, that is -- that is, i think, let's just say too broad a brush, but there are a lot of people who cannot wait to trade and this is not like the tokyo trades that we used to do at 1:00 a.m. they would tell us, look, that's when tokyo electron opens up these are people who i don't

understand why they think at 3:30 a.m. when i get up that that is the time to buy royal caribbean. why is that the time to buy royal caribbean? why can't we wait until 9:30 i can't wait for norwegian, i've got to buy norwegian now what is that >> jim, you did talk to vad last night. not so much about the democrat dwrae demographic, but massachusetts came down on them with that complaint last week. take a listen. >> disagree with the allegations there. and while i can't comment on the specific matters with regulators, i think what is really important to understand is that we serve many different types of customers we're committed to operating a self-directed brokerage with integrity, transparency, and in compliance with all the

applicable laws and regulations. >> jim, satisfactory answer to you? >> one of the things i would have said, if i were vlad, is that they don't allow short selling, they don't allow options sell and if i were vlad, which i'm not, although i'm -- definitely a cousin of vladimir lenin, i would have said that, and i didn't understand why he didn't it would be one of those things that would have showed you that they -- that massachusetts is wrong headed, robin is more stringent than other places. david. so also they said that there was 70 -- robinhood does not believe there is 70. there was a more -- more let's say dispositive case than vlad offered than i just offered. >> yes >> yes >> yes >> yes, like prosecution rests or something >> affirmation of what you're

saying, correct. >> if you just say yes, that me means, like, no,if you expand it means yes. >> i'll come paback with a question, is this going to -- they have a growing community of people who are investing i don't know what the numbers are. >> up to 16 million now. >> they would not confirm that >> 16 million, is that monthly, is that -- average users over what period of time? >> so many -- so many users. >> is it going -- do you see it just continuing to rise or is it going to plateau. >> 600 bucks >> yeah. >> that's 600 bucks for people who have a job and doing well. david, they can take it to draft kings and barstool or take it to robinhood. >> right >> they can do a 16 parlay, apple, microsoft -- >> who need that money to feed themselves or pay rent. >> i know that i'm talking about how you can

buy points when it comes to apple, buy a fu ew -- no, you can't buy points there is an incredible synergy between those who gambled on stocks and those who gambled on sports when sports were closed, wow, these people were coming in and buying -- hey, i want to -- let me buy plug power, give me -- >> we thought they go back to sports and, they're splitting their loyalties. >> they got hooked they got hooked, david. >> they got hooked. >> i'll give you tesla and 15 points, okay >> yeah. they found bandwidth to do both. that's for sure. travel names under pressure. some cruise lines and thohotels some tech doing well to bob pisani. hey, bob >> good morning. happy tuesday, everybody sort of a flattish open here the main question is this story about the uk and the vaccines over there, about the new strain

really change the narrative a lot. i think the answer for the moment appears to be no. though that could change you do see some weakness in the reopening themes, though the banks have been -- banks had good news on friday and they have been holding up but energy stocks have been weaker recently, industrials lost a lot of their energy the reits, the real estate firms lost a lot of their energy tech has been holding up very well there is some covid winter concerns floating around out there. meantime, we keep seeing historic highs in some big exchange traded funds that are around thematic ideas. anything around clean energy, that ipo etf, another historic high on fivere, great year for ipos online retail has been strong. people love buying online retail using these etfs and solar stocks have been really strong. this is not something happening today. every day for months on end, and

you can say, yes, a new biden administration will have interest in clean energy but people have been going in buying these thematic etfs look at how these thematic tech etfs have been doing, in the month of december. cybersecurity, lithium and battery, cloud computing, clean energy, you can watch the flows of these, which is why i watch the etfs, people come in and buy them and have to create new etf shares, buying the underlying stocks in these. and so you can actually watch creations, you can watch investor enthusiasm wax and wain in these etf, which is why i follow flows the flows have been tremendous since may, starting back in may. this is really a theme and people love buying these kinds of etfs and thematic etfs in this manner. meantime, the important thing is whether the bull narrative is changed around this news about a new strain in the vaccine. the feeling seems to be the new

virus version won't be any more resistant to the vaccine if that's the case this bull narrative is in tact and the bull narrative is the covid winter is coming, three, four, five months, but the holy trinity is still in place. a smooth rollout of vaccines, you got a massive stimulus, and you got second quarter reopening and improved earnings overall. that still seems to be firmly in place. look at yesterday on the s&p, what you had yesterday at the open was a freak out by what we call we cans and people are concerned this may be a game changer in terms of the narrative and trying to protect earnings for the year. what a lot of people thought about it, the narrative seemed to be relatively in tact and there was buying in the middle of the day that was quite a reversal. that's a we cans at the open story concern there is a bigger narrative going on here. also, i would bear in mind that the covid winter story is very, very real and you're going to see it in commentary from

various companies out there. look at car max, for example this is a very good example. car max had excellent numbers. their earnings, they beat on the earnings expectations by almost 25%. so just looking at the headline, the headline number, the earnings were outstanding. but look a little bit below the hood here, comparable used auto sales fell 1%. it looked like the demand softened in the latter part of the quarter, sales trended down in the latter part of the quarter. that's the covid winter story there. you'll hear more of this and car max has had a decent year, performed about in line with the s&p, up about 15%. but you see it, down on this, on the expectations that they're going to see softer sales in the month and perhaps the next one or two quarters ahead. does it mean that it is a terrible situation in 2021 no it does remind everyone about what we have to be going through in the next three, four, and five months.

carl, back to you. >> bob, see you in a bit bob pisani we got some eco data today, final gdp, more at top of the hour to rick santelli >> good morning, carl. indeed, when i look back at the gdp, not only was it a bit better than expected, personal income number at 41% is very solid. and gdp for the fourth quarter is showing a number a little north of 11% so 2020 has been a horrible year when you think corona. but for a stand point of markets and net change if we get a gdp that is at 11% like it landed gdp now thinks, it is going to put this 2020 much closer to the 0 mark still down, but not a super lot. we'll put a pen to it later and look at that if we look at what is going on in the markets, pretty easy. look at 24 hour of 10s, u-turn, you open it up to one week, mid-90s, that's what stops the market

if you open it up to early august, august 4th, i want to remind you, the lowest yield close of all time, half of 1%, you can see, i mean, we almost doubled from half of 1% to almost 1%. so rates are definitely foreign minister a bfirm a bit the intersection of what the fed is trying to do with managing rates and the economy will do post covid, that's they're concentrating on in the big picture. 2020, latter hear, is the euro year, all about the euro euro dollar, best level since the spring of 2018 euro versus the yen, euro the best since the spring of 2019. euro versus the pound, remember, this brexit at the end of the year is really starting to get complicated with some of the issues regarding this supposed covid strain, and how going in and out of the uk is go to be problematic. look at this right now, 91 plus in the euro

versus the pound, right around 76 plus on that june 2016 vote so basically you're looking at what now seems to be a euro that is almost 20% stronger than it was when that vote occurred. it is a bit misleading right now, euro currency is where investors seem to be most comfortable. carl, jim, david, back to you. >> all right, rick, we'll see you in a few minutes rick santelli. still to come, alaska air ceo brad tilden on his company ordering 68 boeing max jets with an option foranother 52. he'll join phil lebeau in the next hour. don't go away.

u.s. senator saying dozens of treasury department email accounts were compromised as parity of that suspected russian hack after a briefing yesterday.

hackers gained access to the email system but manipulating internal software keys something we did discuss yesterday. >> right it is a lesson i'm not even sure anybody knows. you followed all of these closely and they don't know what has been compromised >> they don't know and the russians are still in there. secretary mnuchin talked about classified versus unclassified >> the good news is there is no damage or large information i think you know in this day and

age the issue is something we need to be working on. working with the national security counsel and i can assure you, we are completely on top of this. >> that remains to be seen how completely on top of it you can be >> i would install like the top of a ship. z scaler you have to do this. you have to have them. carl >> yes, jim. we'll see what kind of response these cyber companies get. we'll take a break here. more to come including the coum cfincnserondee numbers at the top of the hour. don't go anywhere.

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on the port. this morning, piper comes out and says the gral. the blood drop that gives you all sorts of information different companies under appreciated by wall street i totally agree. >> how about tonight >> one of my favorite executives

from the container store is retiring i'm going goif her a swan song fantastic job. and jeff lawson who runs twillio and the wonderful thing he's doing to keep people from being hungry we should talk about this all the time many people out there doing great things, even more than the government much which is shocking good tuesday morning, welcome to "sqwawk on the street." bit of a reversal. nasdaq is leading the dow. gdp this morning consumer confidence. time for santelli. >> definitely a miss on consumer confidence december read. we are expecting a number around 97 coming off a number light at

96.1 88.8 this guy greeces this is the weakest number since august 86.3 88.6 we look at present situation and move from 105.9 down to 90.3 expectations and what may lie ahead from 15 up to 19 this makes perfect sense, doesn't it when we consider the expectation 87.5 versus 89.5 expectations gave up the lease of the ground, that i can understand revisions of 89.5 there goes my logic. richmond fed, we end up with a number 19. this follows 16. if we look at october, the highest read ever at 29.

this is firmed up a bit. the only thing left is november, existing home sales. for anything on the existing home sales front, we'll head east diana, how does it look for november on existing home sales? is. >> in november, existing home sales dropped 6.5% to annualized rate of 6.69 units the first month-to-month drop in five months. sales fell 25.8% higher year over year. the demand is still incredibly strong foot traffic still strong. high prices and low supply down 22% year over year to 2.3 month supply not only the lowest month supply on record but the lowest actual month on count or since they

began tracking in 1982 median price $310,400 is the median higher than other repeat sales higher because the activity is happening on the high end of the market sales on the low end flat to lower. sales of homes priced $750,000 up and $1 million plus up 85%. >> wow, those are some amazing numbers diana. in the nor'easter given some of the massive bidding wars we've seen for homes that have been on the market, that has helped to drive up the median price as well thank you. we'll start the hour in the latest to the race to distribute vaccines

west virginia already administered 15,000 of the first 16,500 the state received. we west virginia governor jim justice with us. >> thank you for having me >> this administration rate is definitely impressive. especially the fact that so much of the state is rural. given the fact that so many of the doses you are administering are in this initial weave going to nursing homes and assisted living facilities. we've seen other states trying to figure out that logistic call process. what we did in that great naurd and health officials came up with the idea to recruit all the local pharmacies all across the land, people have local pharmacies got them all involved. we are probably going to come

close to 95% of all the vaccines we have are out now. in the next -- probably within the next 10 to 14 days, we'll have a population close to 3% of the entire population within our state completely vaccinated. that is our assisted living, nursing homes and staff. we'll have it done probably for a lot of states that will get started, there is a lot of great stuff going on in west virginia. we've led the way to be the first to test all of our nursing homes. we've led the way in assisted living, income growth and all the things going on in west virginia it is good stuff by a lot of people putting in the licks and doing the right thing. >> what we've seen is that nursing homes and assisted living facilities have accounted

for 40% of all the deaths in this country some of that due to the policies in place like the state of new york at the beginning, it is important to hear what we are doing to try to counter that meantime, as you do administer these vaccines continuing to wait for the doses we are seeing the spread rate continue to tick up in west virginia. i realize you have a mandatory mask -- a mask mandate for in doors for public spaces. in terms of outdoors -- i have a family member in west virginia he was shocked how many people were not wearing masks how are you enforcing and looking to counter that spread in the meantime? >> west virginia is no different than any other state in fact, we are probably the most vulnerable of all the states through all of that, we only have a little over 1,100 deaths

in west virginia with border states around us with the population of the country within 600 miles. there is a lot of good stuff going on we definitely do have a mandate, an executive order, if you are out in a public space, you are supposed to be wearing a mask. to tell you the honest truth, we've probably got a participation rate in west virginia of 95 to 97%. we are not going to go out and start hauling people to jail but absolutely, people know and we are letting them know it is mandatory to be wearing a mask in west virginia just like the entire country, we are having an all-out assault across the nation in record to this terrible pandemic we've all got to be on our toes. it is tough stuff. we'll get through this

the vaccine will get us through. we'll do better than that. >> seeing that, governor the moderna vaccine rolling out now. because it can survive longer than the standard refrigeration rate that is good news for rural areas. is that where your interest really is? >> not necessarily our national guard has been able to handle the pfizer situation as far as keeping the temperatures the moderna vaccine will be easier easier to handle across this country. the biggest thing is this, you have got to really organize that people know that they can come and get this vaccine and a line and get through quickly. you've got to make it to wear it

is available for people across the land there are people a long ways from a walgreens or whatever it may be where they would go and get tested or go and get the vaccine. if people could step back and watch the state and the moves our great people have made in this state and with officials, it is amazing what has happened in west virginia >> on the pfizer vaccine, i think you've got your weekly order capped lower this week than last week is that a concern to you did you find out why that was? >> i'm sure in getting out and manufacturing and doing all the vaccines, it is the whole

situation it is fluid. and things are going to change a little bump in the road. i don't think it is going to cause anymore disruption to us any other way. >> you are also a billionaire businessman. after four years of the trump administration that has been supportive of the key industry in the state like coal which i know you yourself have investment and ownership, what is your issue with the biden administration >> i'm really proud of our coal and gas industry the state of west virginia under my leadership, we have the

smallest percentage of revenue coming from severance tax on coal and gas today than we've ever had the reason west virginia is thriving and going forward with surplus and not great deficits is because we are diversified. there is so much now in west virginia, it is unbelievable i don't want to forget our coal minors i believe our good sense will prevail. we cannot possibly do today without coal and gas maybe some is day. in that transition, all of us would be in favor of all of the energy sources going forward all of us. to think that today, this nation could do without coal and natural gas, we'd be blowing our legs off as we go forward, it would be

reasonable and okay just like i worked really hard with the trump administration and have a great friendship with our president and very proud of what he's accomplished. our new president, president biden, i'll work just as hard with him too >> thank you good luck with the vaccine administration >> you guys are doing a great job. you always are thank you so much. >> thanks. coming up on "sqwawk on the street." berry sternlight and a. rod. don't go away. seriously, i don't have the bandwidth. glitchy video calls with regional offices? yeah, that's my thing. with at&t business, you do the things you love. our people and network will help do the things you don't.

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day or night, indoors or out. something wonderful awaits. >> spiking yesterday announcing a reverse merger with a frequent collaborator. with us, dr. patrick and owner of los angeles times and minority owner of the l.a. lakers and a lot of other things, patrick. let's talk about yesterday's deal first you had control on both sides. why do it? why reverse immunity bio into the public entity? >> this has been a life dream ever since i sold my company my goal was to bring together the first in class molecules

that affect the immune system under one roof now we can orchestrate with molecules and 12 phase two and three clinical trials. >> what is it you will be able to do that you weren't otherwise able to do is. >> you have two cells in your body natural cure cell and t cell relative to cancer and covid these are the cells that kill the cancer or the infectious cell until you put these two p cells together in your body and activate them, you won't get the result you want. we are seeing in bladder cancer,

72% complete response and remission. we are seeing complete remission in triple negative breast cancer and the vaccine for covid. this ork strags has not been put together under one company and one roof to work with the fda to completely change. >> you are talking the reference of the phase two, three trial of bladder cancer i've heard you talk about curing these cancers in the past. for years now almost indicating we are right there we don't seem to be right there. what is different now? >> it has taken a decade when we talked about it, it is very hard for the lay person to

understand the complexity of immune system. we have a multitude of cells working together like an army fighting a battle. until you put this army together to activate them the first was the natural kilo cell was nan quest now immunity bio putting them together, i think the output people don't recognize, it is unusual to take a person with pancreatic and get them in remission or a person with triple negative breast cancer to be in remission. it's very unusual to get complete remission in bladder cancer what i think nobody realizes is

that everything i just said came from the same treatment protocol the concept of orchestrating these molecules. why now is that we've taken these molecules you and i have in our body and found a way to activate them to treat cancer. >> dr. soon-shiong, that sounds fascinating. talking about two companies you lead certainly for better or worse, there has been some controversy surrounding you and your companies in recent years. what would you say or respond to critics out there thatlook at deal like this and worry it is really just financial engineering? >> it is not financial engineering but i think the market is -- yesterday, the stock went up 50%. the proof is in the pudding, in

the results, in the data the data speaks for itself i think the fact that we have trials in lung cancer, pancreatic, triple negative breast cancer, 12 phase two, three trials across 13, 14, first in class human molecules it is not about financial engineering but changing the impact on people with cancer >> to this point, you announced four years ago, cancer moon shot 2020 to what morgan has been saying, there has been coverage and an investigation done by stat that said the initiative appeared to be an ee will be rat marketing

tool this pointed to real progress being made on canner smun shot 2020 what have you done since then. >> it was an announcement of the collaboration. of those that came about that patient had a complete remission. now complete remission what this moon shot was.

no one company has all the molecules to work together to effect the out come. it has been very difficult to say there has been no progress when we have a patient with forth line head and neck cancer who was told they have weeks to live a patient with five lines of therapy is in complete remission. >> these are all great things, without a doubt. as you well know better than i do having been a pioneer. you've got to put it all together in a trial of a lot of people and submit it to the fda to get it out there. when is that day going to come >> that day has arrived. you look at yesterday's -- we have randomized clinical trials of lung, triple negative breast

cancer that day wasyesterday. wh you combine the molecules and now we are doing it with randomized trials we have 12 randomized trials. >> we hope we can continue to check in with you as you make progress dealing with these horrible diseases. thank you, patrick >> thank you >> still to come, alaska expanding the order for the 737 max. the second major order for the max this month fresh record highs for the

nasdaq we'll discuss the latest with the ceo of alaska air, don't go anywhere

watch apple this morning up

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health insurance... is understanding health insurance in another language. pero ahora es mucho más fácil. covered california offers free, expert assistance in multiple languages and financial help for people who need it. enroll now at coveredca.com the u.s. is reporting at least 215,000 cases and 2,600 deaths each day. using johns hopkins university data delta, virgin atlantic and british airways will require a predeparture negative covid test as they say in the uk they have

detected a new strain that is at least 70% more contagious than the previous dr. fauci said he would not be surprised if the new mutation of the virus is in the u.s. but he thinks it is premature to ban travel from the uk >> shortages of certain food items are growing as france closes the borders france-bound trucks are cloging the port of dover which hands abo about 10,000 trucks each day >> my goodness that video there sue, thank you let's get over to phil la bow wi -- with the ceo of alaska air

big deal today where you are adding the 737 maxes to your list why did you strike this now? >> good morning. we have restructured to take a total of 68 aircraft from them that will largely replace our airbus fleets. so 61 airbus will leave the fleet by the summer of 2023 and the majority of these 737 maxes will come in so it is a restructuring the reason we did this now, the coronavirus came on and we looked at the immediate crisis and looked at employee safety and customer safety. what is one of the things we could do to reposition to come out better and stronger. one was to move a single distance to a single fleet >> moving towards a boeing

fleet. you'll have those airbus models that will over time be phased out. i talked to an airline official who said, boy, this is the time to buy the max their order line is filling. how much of a discount did you get? >> first of all, we'll be down to just 10 a 321s. this gets us largely out of the airbus fleet and to a single fleet. not talking about the details with boeing. we are seattle partners. our seattle operation is four or five miles from the boeing plant, so we were really proud to do this the economics for alaska, of course we are leasing the airbus with every deal, our ownership costs will go down, maintenance costs and fuel costs will go down and our revenue will go up.

the 737 -- 9 have 138 and the max has 150. the economics will be good for alaska foryears into the future >> calhoun has said there is no real rebranding of the max name necessary. there is a sense in the industry that consumers aren't really going to ask what kind of equipment there on how long do you think that will last, ifs that true? >> i think everybody will have their opinion. what we are worried about is the safety of the airplane boeing has been through the paces. they've done an extraordinary amount of work i think it is the most

scrutinized airplane in history. we'll be proud to fly it as for the branding, i'll leave that to someone else >> it has been a big week in general. we have this stimulus bill that made its way through congress. money for airlines such as yours to bring back those furloughed workers at least until march 31st are you working to do that? can you sustain those jobs past march 31st >> yeah, we are very fortunate of front line employees, we have less than 50 on furlough we are working to bring those folks back we are looking for the time period beyond march. every airline is in a different situation. we are all looking to get out of this pandemic as quickly as we can. every single airline is appreciative of the congress and

administration this is a good deal. proud for the support of our industry and happy for the s support of the economy keeping people working and factories busy we are pleased and appreciative of this support. >> brad, we are seeing lockdowns as this new strain of covid-19 is focused in europe and the uk. i know we are not seeing lockdowns here in the united states, are you concerned of this general sense as we see it in the next month and a half, two months will further push out recovery for you >> the name of the game is to prepare your company for any wave that comes. we'll see how this new strain might impact us. our job as leaders is to prepare the company for whatever comes at alaska, we have a strong

balance sheet, great liquidity great preference for a product and not relying on the high fares. we have made make with lower fares and more leisure traffic everyone is hoping for a speedy recovery we are well positioned to ride out the storm if it's a longer recovery than many are thinking. >> more airlines should implement that united will go with that do you see eagerness for your customers to be a part of contact tracing? >> we have all sorts of protocols and ask all the series of health questions before they fly. at alaska, we are putting a lot of faith in the vaccine for

employees that those will take it and get that out. i think our view is that what is it the industry will do to give customers confidence to travel again. we'll support those efforts. >> the ceo of alaska joining us from the flight operation center in seattle think about this, we were talking up to december about boeing losing more than 1,000 orders for the max this year within a couple of weeks, you've got these guys along with ryanair and a couple of big orders for the max >> very big story. thank you for bringing that to us in the last couple of weeks we've seen a couple of officials receive the pfizer or moderna vaccine, vice president, president-elect. a few moments ago, dr. fauci's turn and secretary azar. take a look.

>> then i think giving the thumbs up after this happened. whether members of congress or elected officials, mayors and governors trying to instill confidence that this is the right thing to do for yourself and the collective health of the use and the world. >> and this is the agency's first shipment of the moderna vaccine? why moderna? because that vaccine partly developed by the infectious disease institute. this vaccine being administered on our screens as we watch >> dr. fauci will stay on in the

biden administration as a chief medical expert and consultant to the president-elect. the challenge will be. talking about vaccinating 100 million americans with in the first few months >> some have been optimistic others not so much we do meet different targets one of the key experts having just received his first dose of the moderna vaccine, dr. fauci >> still to come, joining us on their new partnership and that vemiami. a lot more will be right back. and eating nothing but cheese till you find the perfect slice... even if everyone asks you...

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they may not be the flashy stocks >> so much of a focus on growth investing as evidenced by the outperformance of the nasdaq utility stocks are there for investors. take a look at the dividend yield of those utility stocks compared to, say, all the other stocks in the s&p. yielding almost 4% s&p 500 is closer to 1.5%. you do it for the dividend yield. the biggest out there, take a look at these they've gone down in value

ppl, and others now looking for that stock of utilities. positive year to date. check out excel energy that stock up 2% on year to date basis. i'll send it back to you >> thank you starwood's barry sternlight and a. rod will join us after the break. don't go anywhere.

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welcome back to jane in miami along with starwood capital's barry sternlight and a. rod. >> texas schmexas, many companies are moving to south florida. barry, let me start with you why here >> i escaped all of that beautiful weather to the lack of

snow really good parent and five or six seven times of palm beach. always the tax situation was attractive business climate was attractive doing lots of innovative things expansion of the convention center, the new bridge i groew up going to south floria and the kicker to me is that we had a company thereof about 300 people in south beach. it was headquartered in south beach. i didn't want a long commute, so i moved to miami beach, which was great. >> you are building this massive

new headquarters and one of our partners is alex rodriguez alex, those are two industries really hurt right now in covid why invest there >> i do think the greatest properties in the best location are going to win long term barry presented a great opportunity for me i've been in the area over 36 years so i know the area well. he built the greatest hotel here and the most profitable one. right across the street, it made sense to build the demand has been off the charts i email barry a new offer every other week we are excited about it. >> i'll say fundmently, the miami market is very strong. it is the port of the united states

a working diverse culture. a lot of families coming down and setting up family offices. it is hard, the demand is so strong, we don't know when we should lease it. it will be done and occupied the end of '21 vacancy rate in south beach is 2%. new building hasn't been build in more than 20 years. so this was a great project. and as the mayor of miami, having alex as a barter is great. he knows everyone. i don't have to do anything. he just brings the people. it it's fantastic. >> i guess to that point, we had a guest on last week, alex, one thing he mentioned is it's no the just new yorkers and northerne northern northern easterners coming to florida. it is miami specifically for you or is this the first location, the first city of many that you

would be looking to expand your virgining real estate empire to? >> we do business in 37 states and five countries miami and austin may be the two cities that benefit the most from this tax movement and covid-19 and new way of working just like we're doing right now. it's a rocket ship one thing that is really interesting that is here is talent is coming that is always the big knock for miami. there is always challenging to hire here. but now you have tall friend all different sectors, silicon valley, consumer, real estate, really exciting. our friend tony tamer started hig, a private equity group here in miami it was a revolutionary move. today you have two or three companies moving every month >> there is a steady stream

of -- >> let me jump in. and of what the town you leave behind, barry, new york city does new york city suffer as miami benefits or kit sort of hang in there as well as a focus for commerce in this country and so many other businesses >> first of all, i was a resident of connecticut. >> i know you were you are also selling your place downtown, right? >> i can't comment >> i heard it on bloomberg radio this morning >> i think -- new york is the greatest of in the world it's going to go through a rough patch. i happen to think, you know, i've been vocal about how my misgivings about the diblasio administration the city is a melting pot also but the melting pot is not working the right way. it's amazing that people are being hurt the most are people that are waiters, cooks,

servers, entertainment industry. so there is no -- the city doing all the wrong moves including safety i this think that is the primary issue for new york city. miami is getting more than the fair share in south beach. it's a feeding frenzy. i mean you can't -- i'm a real estate agent now i have friends calling me up and there is nothing to buy. and house just sold down the street a week ago at close they relisted it this morning at 20% premium is what they paid for last week. and they're selling. people want to get out of the chaos of the city. this will change there will be an election in november it can turn very quickly though. but right now new york is the epicenter of covid-19. it is city services that are really hurting people have to understand the wealthy can leave. they're going to leave if they leave permanently and many of them are learning they can work from anywhere, it's

going to have a lasting impact on the city. new york is an amazing place kids go back artist goes back they'll have a revitalization. it might take five years we've been reinvesting in florida and texas and states, you know, that for decades now and less emphasis on new york. we really like boston. boston is a blue state that works. because the biotech and the lab space and, you know, health sciences and all the universities it's not a blanket against new york new york has some issues that i think tie largely to the lack of leadership or as you said, you would like to redistribute all the wealth in new york recently. we would like to thank you, we would be happy to pay it we can pay more. we can't get berated all the time that's the way i feel.

>> it's a great point. i wonder how you think about these migration darlings, nashville, salt lake, miami. you talk to people who already live there they're like as barry says, everybody is coming in i'm not sure that the tax base is big enough to handle the infrastructure that is needed. the tax edge goes away over time >> you mean miami? >> in miami or texas i just wonder if you're going to really except this big of a migration, does the reason for going in terms of taxes, does that motive go away or get eroded in the medium term? >> you know, it all depends. >> when you have the demand, you have more jobs as barry comes down here, david teper, carl icahn and others,

they can stay here when they come, they bring talent and opportunity and jobs. talent follows and that creates great system ligs in the economy. south florida is an incredible place and has been for a long time i think people have the opportunity to do really well. i had one of my friends tell me the other day, i had the best year in business and i had more closes on zoom than i did in person they're getting used to this it is interesting to see how things move forward in years to come >> barry, it's jane wells again. >> ways just going to say, if -- this zoom thing -- don't you love covid-19 communication? my question for you, barry, is if you're advising another ceo about relocating, what is the big challenge? what is like you just need to know -- alex talks about the talent lag closing what advice would you give another ceo as sort of a be prepared for this?

>> i think the golden coast. it is more affordable than airports are quite good, particularly orlando and tampa i was just in tampa last week. i mean, it is a boom town. and you easily get in. it's a little in fill in miami it's tricky. i know awe number of companies looking for space. it's hard. there is not a lot of developable property right now that's open. the city has to face that issue. they have rezoning and redistricting. and it's hard to build in miami. the trades are difficult so, you know, i do think that the state starting under i think rick scott and actually before that jeb bush did a good job of reforming education program in the state and move from one of the worst to one of the better states that's really critical for companies knowing their kids and their work the kids of the workers are going to have a good

education. so the state is doing a lot of good things that lead now to the growth of the state and people coming back. it's always been a volatile real estate market in florida it's always been boom and bust, boom and bust. a lot of developers, you know, everybody can build a building the trajectory is going to go one way or the other the next 20 years, it's going to go north because of the attraction of the state. there is going to have to be a reckonning day they have to figure out, they just can't keep increasing taxes. it's just not going to work. people can live in other places. and when they go, when the leaders go, they'll often take people and then people are -- that's kind of easy to live in the other places it's not a war every day you leave your house and get to work and home and it doesn't take you three hours >> and right now don't -- the transition can be slower right now because of work from home and remote alex, i want to give you the last word. you made your mark on baseball now making your mark as an entrepreneur what is your goal as an

entrepreneur what do you want to look back and feel like you accomplished in this field? >> look, barry, i called barry about 11 years ago we've done several deals together i think for me, having guys like barry as friends and mentors and building a world class organization, i was very fortunate to be recruited by george steinbrenner in 2004. i learned some tremendous lessons from george steinbrenner and one of them is team. and winning. and we have an incredible team we're doing a fantastic job recruiting our business tripled this year and looking to do even more next year but overall, just winning with people that you like and respect and doing the things i love. i've had two dreams to be a major league baseball player and to run my own company. and i don't feel like i worked a day in my life i'm having a lot of fun and looking forward to -- >> you have to have a third. you have jennifer. don't leave her out. >> well -- yeah you can spill -- give us the dish on that any time. but not right now. alex rodriguez

>> this is cnbc not -- >> yeah, well. i'm for it all, baby all right. thanks carl, back to you. >> thank you >> merry christmas >> jane, that was great. what a great discussion. our thanks to barry and alex and jane we will jane wells good morning, everybody. it's 8:00 a.m. in california and 11:00 a.m. on wall street and "squawk alley" is live. >> good tuesday mo