sh fabrics, like couches or smelly sports equipment; leaving an irresistibly fresh scent. and for a tropical burst of freshness, try new paradise scent. stop sneaky odors from lingering in your home, with febreze unstopables. it is 5:00 a.m. in washington, d.c. and here is your top five at 5:00. president trump calling the covid relief bill an unsuitable disgrace he wants more money to the american family, democrats agree, but will the gop. pfizer reportedly nearing a deal with the government for hormone. and elon musk opening up with why he once wanted apple to buy tesla. and brexit trade talks, whether a deal can get done

before christmas and formula 1 reportedly in talks for amazon to screen its grand prix it is wednesday, december 23, and this is "worldwide exchange". ♪ xwgood morning, good afternn or good evening from wherever you are watching thank you very much for joining us today's top story, president trump drawing the fate of stimulus a little bit in doubt he called the $900 billion covid relief bill passed by congress, quote, an unsuitable disgrace. he wants changes from lawmakers including much larger direct payments to individuals and families up to $2,000 per person or $4,000 per household we'll get more on that in a minute of course the markets like the

idea of more stimulus, futures are not soaring but they are up. dow up right now 73 points all this coming off more records for small cap stocks on tuesday. well, let us get more now on the developing story, the one that markets will pay he very close attention to and also what is likely now to come next in the fight over stimulus. chris pollone joining us now live good morning >> reporter: good morning. this is certainly a monkey wrench thrown into the works here democrats and republicans thought they had a deal hammered out late sunday night for this $900 billion covid relief bill, all indications from are the white house from that point forward were that the president would sign the bill and that money would start going by direct deposit to some americans in the form of $600 payments by early next week. the president was largely absent from the negotiations, instead letting his team do it including steve mnuchin. mnuchin lauded the deal when it

was agreed to the other night. and it appeared that everything was set to go. but as you mentioned, the president called the deal a disgrace and he demanded that congress change to $2,000 payments for individuals as opposed to $600. so obviously this left senior leadership of the republican party kind of scratching their heads wondering what is going to happen next. the president didn't say he was going to veto the bill, but he certainly hibnted that he didn' want to sign it. he railed on defense some of the spending seeming to conflate or confuse the mean that was put into the appropriations bill that will fund the government for the rest of the year, that $1.4 trillion bill the covid relief bill was put in an omnibus bill as part of that. and so he railed on some of that spending and so it is unclear exactly what will happen democrats were happy to seize on

this nancy pelosi tweeting shortly after the president's video post saying let's do it democrats have been pushing for these higher payments all along. and so when the president seemed to agree with them, they say they are ready to do it. they might even try to pass a bill by unanimous consent in the house on thursday trying to see if they can get an agreement to raise the payments up to $2,000. but at this point, it is all up in the air and the federal government, if this bill is not signed, could face a shutdown because they only passed a seven day extension for funding which goes through monday so we need some resolution before then and at this point, it is unclear exactly what is going to happen. >> yeah, a little more intrigue heading into christmas here. certainly one that american families are hanging on. chris, thank you very much meantime in other headlines, a grim stat in the fight against covid. nbc news reports that the u.s. is seeing its highest number of

covid deaths in a single day 3350 deaths were reported yesterday. the country has now seen more than 18.2 million cases of the virus. but some potentially good news in all of this sources telling meg tirrell that pfizer is nearing a deal with the government for an additional 100 million covid vaccine doses. that agreement could be announced as early as today. meantime as cities like new york deal with a spike in cases, some of the stock exchange workers who had been coming on to the floor will now go back to working from home. the floor closed in march but reopened in may with about 25% and beginning monday, nyc designated rae moemote operatios and now back to the markets and your money and a strategy session heading into the new year. it has been a good year for a stocks and of course not much else joining us now is brian leavitt

at invesco temperature let's start with the headlines the stimulus will get passed unless the gop really pushes back on that larger number will an increase in stimulus increase the chances that the u.s. stock market goes up? >> yeah, an increase in stimulus is certainly a good development. there is plenty of businesses and plenty of households that require additional help. and can provide a bridge as we work through this rollout of the vaccine to get us through this period and to then hope for a reaxlexlbeing a reacceleration and the markets will be focused on the near term, but ultimately the markets are going to be looking out further beyond that to a year in which the vaccines roll out, economic activity recovers, and monetary policy remains very accommodative

so while today or in the next few days this seems critical, to your point, this will likely get passed and the markets will, you know, feel comforted by the fact that more fiscal support is coming >> will they feel more comforted. if they liked the original deal and of course now president trump is throwing water on it, will they more like a bigger number going to american families i believe it is up to $4,000 possible for u.s. households, assuming of course the gop agrees to that higher number >> yeah, at this point the larger the number would obviously better for households and businesses and better for the economy. should be applauded for the market it is not as if the federal government is finding it onerous to fund this debt we're borrowing the money the a negative real yields so you want to come forward with additional fiscal support at this part of a cycle so yeah, the markets will applaud it i think the markets were likely to head higher in 2021 regardless of the size of this

package. what this does is put a little bit more support into the recovery and starts to support, you know, more of the cyclical parts of the market. again, what is critical is the vaccine rollouts and this in and of itself is not the catalyst that takes markets substantially higher in 2021 view it as a bridge, then the medical and scientific breakthroughs come through and get us back to some level of normalcy >> yeah, do you think that interest rates -- you just mentioned negative real yields, with inflation that certainly is the point. we're looking ahead to 2021, everybody is making their predictions. i've got mine coming out in a few minutes. do you think that we'll see much higher ten year yields by this time next year, do you think inflation will ultimately finally kick in? the commodity market sure is looking like it is saying that >> yeah, so i don't expect inflation to kick in inflation would be a high level problem that we're not there

yet. i mean, we have a huge output gap in this country, we have very high unemployment in this country. so it is likely to be a long while before you see goods inflation. ultimately what tends to happen is you start to see asset price inflation. so asset price inflation can happen for a while before we start to see any type of goods inflation. so i would view this as an inflation-free growth environment, which is good for risk assets, good for equities and credits. with regards to the ten year rate, the ten year rate should head higher over the next year, but not substantially higher typically you would think that the ten year rate could be closer to the real growth potential of this country, call it around 2% but i don't believe we're heading to 2%. rates are too low globally i mean if the u.s. rate gets up to 1.25% or care we say 1.5%, there is likely to be a strong bid for it so i would expect rates higher, but not substantially higher >> brian leavitt, thank you very

much for joining us as we head to the holidays, best to you and your family. we'll see you on the other side. 2021 is very close and we are just getting started. when we come back here, deal or in deal? reports flying fast and furious about the uk and whether a brexit trade agreement can be reached before christmas also flying fast, some of the early you'movers on this wednesday morning. futures are higher by about 70 points fli wrchlt, ge and nrg some of the bigger movers. hey, dad!

hey, son! no dad, it's a video call. you got to move the phone in front of you like... like it's a mirror, dad. you know? alright, okay. how's that? is that how you hold a mirror? [ding] power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools and interactive charts to give you an edge, 24/7 support when you need it the most plus $0 commissions for online u.s. listed stocks. don't get mad. get e*trade and start trading today.

. welcome back the lights not yet on the christmas tree in rockefeller center, but you see the tree is there. other lights are on. i think we should make a motion to get the lights put on at 5:00 a.m. so we can come from break on this show and say look at that beautiful tree. either way, there it is. hard to believe folks, just two days until christmas welcome back to "worldwide exchange." if you are like many u.s. investors, you may have tuned out at some point at all the on again/off again trade talks happening in europe.

who could blame you. it never seemed to end but now it is ending and the clock is really ticking on hard deadlines and the result could have a big impact on the global markets and your money let's get an update on where we stand from joumanna bercetche. good morning >> i can't believe you said you tuned out of brexit talks. i don't know how we'll ever get over that. but to your point, we may be close to a resolution. we've been talking about brexit for the better part of four years. the referendum happened in 2016. but reports overnight are suggesting that we may get a deal as soon as christmas eve. i just want to remind the u.s. viewers what the main sticking points have been the first is that of a level playing field which is the uk's and to come up with their own legislation and diverge from eu rules. the second sticking point was that of governance how the eu could respond in case the uk do come up with their oechb ruleow rules. and so a lot of the differences

have narrowed on those topics. there is one outstanding topic that has not been fully resolved and that is the quite contentious one of fisheries european access to british waters, the quotas and you how soon the phase-in or phase-out would happen, over what sort of time horizon but it looks as though the two sides are narrowing those differences as well. we heard from the eu chief negotiator yesterday and he said that the two sides do pledge to plow through with these decisions. let's take a listen. >> and we are really in a crucial moment and we are giving it the final push in ten days the uk will leave the eu market and we will have total transparency >> is they are giving it one

final push but i have to mention that december 24th technically is the last day that they can come up with a deal because the eu legal team need a couple days to get the paperwork in place so that the uk can then provisionally apply the treaty from january 1. because remember, no matter what happens, december 31 is the ultimate deadline. january 1, the uk will be treated as a third country vis-a-vis the eu with deal or no deal and on the back of that, we are seeing the pound rebound a little bit, just shy of the 1.35 mark analysts say if we do get a deal, we may find a break through 1.35 and stay there. >> been a long multiyear process, hard to keep track of but you laid it out very nicely. we'll see what happens january 1 could be an interesting day on a number of levels joumanna bercetche, thank you very much. we'll talk to you soon and still on deck, planes, trains and automobiles not just

a great movie, what americans are planning to do this christmas and new years and the impact it could have on the travel industry. plus, a preview of my top five predictions for 2021. one of them has a lot to do with getting back on airplanes. today's big number 10.2 million that is how many people watched the acc championship game between notre dame and clemson on saturday. the most viewed acc championship aim-te.

welcome back and good morning. dow futures are up just about 100 points, but let's step outside the world of money and business and get a check of the other big stories happening this wednesday morning. phillip mena has those >> good morning. president trump is issuing his first big wave of pardons and commutations going after cases broward forward by the mueller investigation. he issued a full pardon to his former adviser george papadopoulous who pleaded guilty to lying to the fbi. and he did the same for alex sander sis an van devan der zwaan.

and also dunkin hunter who pleaded guilty to misusing campaign funds and the first congressman to back mr. trump, new york's chris collins you may remember back in 2017, collins was caught on camera on the white house south lawn giving insider stock tips to his son. the president also pardoned four military contractors who worked for blackwater, all convicted of killing 14 unarmed iraqi civilians in 2007. and the coronavirus has finally reached the end of the earth quite literally. the outbreak he has arrived in antarctica according to the chilean army, 36 people tested positive on its research base in northern antarctica until this week, it was the only continent free of the virus. base personnel have been isolated and are constantly monitored by health authorities. and check out this incredible new video from the u.s. geological survey that is the kilauea volcano, it erupted sunday night on hawaii's

big island authorities say the eruption is still going strong, but has stabilized, so it poses no immediate threat to the public thousands of spectators are flocking to the kilauea summit to see the spectacular fire show and that massive lake of lava covers 33 acres. back to you. >> as long as it follows the path that it has, no homes are in the way and of course the volkswagencano erupted because -- 2020. thank you very much, phillip this would normally be a very busy time for the travel industry, but this year numbers suggest 1 billion hotel room nights could go unsold by christmas. seema mody is here covering the big business of travel for the u.s. and i guess it is a big business normally slightly less big this year. >> yeah, that is right more than 960 million hotel room nights have gone unsold this year and on track to reach that 1 billion number by christmas,

that according to sdr. it is certainly a milestone that the industry never really thought that it would see and it reflects how covid has challenged the broader covid sector occupancy rate continues to fall we're at around 38% here compared to the 60% rate we were at in december of 2019 and even with the latest in this bill providing some relief, hotel owners that i've been speaking to, they say it may not be enough. >> long way to go before we get back to some normalcy in terms of the customers, in terms of operations for us. i think the industry as a whole, i think that it will take a good 12 to 18 months before we get to some normalcy in the travel industry >> and he owns nine hotels across the east coast. pre-covid, he employed about 200 employee, but with limited breakfast offerings and housekeeping and plus fewer

guests, he is now done w down t 120. and the other issue is pricing. the average rate has come down substantially, so it leaves owners with less pricing power and when you look at their stocks, it paints a very different picture with marriott rebounding off of the march lows, a lot of it having to do with the different steps it is taking to cut costs, done sizing a number of its property, plus the debt market being a really popular avenue if a lot of hotel operators to raise the money they need to stay afloat during there time it is a very similar story for the cruise lines as well >> yeah, certainly is. and i guess you've talked to these folks, and they are all just waiting on the vaccines and herd immunity. how long can they hold out do we have any idea what they are expecting from 2021? i think that it will bea boom in travel more in the second half i think that it could be the biggest boom we've ever seen what are you hearing

>> yeah, that vaccine optimism certainly also reflected in those stocks as well but the conversation with the hotel owners, they paint a different story. for them they see travel returning at some point in the second half of 2021. but in terms of continuing it into profits and returning to the levels that they were at before covid, they are saying that it is a 2022, 2023 story. so they are saying it will take time especially if the hotels are located next to arnirports, big convention centers that are relying on the corporate traveler they say leisure is starting to return, but it is that corporate travel, remember that makes up the majority of hotel rooms. so that is what they are really banking on will he don they don't expect that traveller to come back again until 2022. >> i'll tell you, we'll find out. i've fle flown a couple times and the airports were packed both high flights solded out

within was actually oversold so a lot more people out there than we think. once you get out of the new york is it i area, it is like, wow, there is a whole different world here seema mody, thank you very much. >> good point. thanks overall it has been a series of one step forward and maybe a dozen steps back for the travel industry this year, but your next guest says there are some silver linings and for people who want to get out and travel, it is just a matter of when, not if scott mirewitz is executive director and good to have you on let's cheap tease this all day i wrote five predictions for dwun th dw 2021 i'll push them out later and wouone of the predictions i that i believe airfares on popular routes could more than double by july as everybody tries to jump back on a plane. am i overshooting the optimism.

>> i think july is going to be an incredible time for the travel industry particularly leisure travelers. and what we have here is a complete split leisure travel will be really strong, people who hamoney, who were seeing their stock portfolios climb and climb are ready to hop on a plane again. they put so many vacations on hold and you can see that right now you know, the last four days, we've averaged about a total of a million people a day coming through the tsa. nothing like the numbers we saw last year. but again, it is this holiday spike. people are anxious to get out there again. it is just business travel that will be on hold. >> and some would i say whoa, july is way too early. i sent pictures out the other day, newark airport was mobbed

you are looking around going what pandemic? what are you seeing as far as advanced demand? >> sure. well, i don't know about the new york/l.a.x., but i'll say new york/cancun will definitely double it is the leisure destinations that people are booking, airlines, it is like the one bright spot they have outside of cargo, they are actually adding flights to places like mexico right now. what we are seeing is there are incredible sales right now to get you on to the planes and then those sales will quickly go away once you get into the fall. particularly september >> so i guess book now would seem to be sort of i guess the watch word is that kind of what you're saying when you say a place like cancun, is is that because when you look to destinations, for our viewers are kicking around the idea of something but they are not really sure, sunday sounds like warm weather

climates, not densely packed areas. areas where even if you feel safer, you want to go where you can be outside, where you don't have to jam up against the -- are those the kinds of destinations that will be super hot this summer? >> yeah, i still expect national parks for instance to be super packed i expect all the beach destinations to continue to be packed either through the winter or into the summer and book now because the airlines have these incredible flexibility, no change fee, all the things that we used to hate about airlines are gone right now. so this isgolden era o the traveler actually coming first again. so you can change flights, you can rebook if you need to. why not take a gamble especially with some of the prices being where they are now, some people are probably not going to travel until there is a vaccine but it doesn't mean that you can't be sitting thereright now

making those summer plans or into the fall and figuring out when you are comfortable traveling. >> but scott, you know those $200 change fees, you know they are coming back, right because it is a money maker. >> airlines promise they are not coming back, but there is another fee probably on its way instead. >> you i promised i wouldtake out the garbage. it is still there with the raccoons scott, best to you we'll talk to you soon >> thank you book that flight to cancun now, folks coming up, after week of hardcore geenegotiations, trump says no deal for stimulus, he wants more money for american families but will the gop fight back. #1 for diabetic dry skin* #1 for psoriasis symptom relief*

and #1 for eczema symptom relief* gold bond champion your skin gold bond no one likes to choose between safe or sporty. modern or reliable. we want both - we want a hybrid. so do banks. that's why they're going hybrid with ibm. a hybrid cloud approach helps them personalize experiences with watson ai while helping keep data secure. ♪ ♪ from banking to manufacturing, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm. ♪ ♪

people are saving hundreds in a land not so far away, on the most reliable network with xfinity mobile. they can choose from the latest phones or bring their own. and because they get nationwide 5g at no extra cost, they live happily ever after. again! again! your wireless. your rules. your way to stay closer together this holiday season. switch and save up to $400 a year on your wireless bill. and get $150 off when you buy a samsung a series phone. learn more at xfinitymobile.com.

♪ it's christmastime again decorations are hung ♪ welcome or welcome back and good wednesday morning, everybody. a live look at the capitol building in washington, d.c. it looks soma guess tick and peaceful, all the in-fighting underneath that dome, but right nowguess tick and peaceful, all the in-fighting underneath that dome, but right now this is a nice look, a reason to be proud talking about the architecture and speaking of in-fighting, president trump going after the

stimulus deal and maybe going to war with mitch mcconnell and the gop. in a statement last night, trump called the deal a, quote, disgrace he thinks the agreed-to pavements pavement payments to american families are not enough and he is calling for up to $2,000 per person or $4,000 per household that puts trump drektdly at odds with mitch mcconnell and the gop. remember that $2,000 figure was the original number in the democrats' proposal which the republicans called a nonstarter. this also could put the gop at a tough spot in the georgia senate races by making them play defense. steny hoyer said that democrats will see if they can pass a measure for $2,000 direct payments by unanimous consent, but then it goes to the senate and mitch mcconnell. wall street however saying, what, me worry the market is acting like some kind of a deal will still get done futures, they are higher not by a lot, but dow futures up

90 points right now, nasdaq and s&p 500 are also higher. in other corporate news this morning, and this is a really interesting story, elon musk says that he reached out to apple ceo tim cook about two years ago basically begging him to buy tesla but that cook wouldn't even agree to meet with musk. musk says all this happened during what he called the darkest days of the model 3 program. tesla's market value by the way has increased ten-fold since that now turned down meeting the covid headlines. they are preparing for more mutations before they happen because they will. according to the cdc, the u.s. has only sequenced 51,000 cases of the coronavirus out of about 18 million and that could lead to more problems down the road joining us now to talk about it

is an infectious disease physician and medical director of special pathogens at boston medical center doctor, thank you very much for joining us what do we know so far and what do we not know so far about either i don't want to call it a new mutation because looking at the south african data, it could be multiple new mutations, could it not >> that's right. and i think that it is also good to sort of step back and say that viruses mutate all the time every transition they host from one person to another, particularly in large outbreaks, that uncontrolled transmission is what gives the virus the ability to mutate. the issue is that in most cases those mutations are nonconsequential, don't really have any fenkts. the concern with the uk variant is that the uk noticed that the mutations that they see in the genetics of that virus could correlate with what they are seeing epidemiologically where they are seeing an increase in

the number of cases, but then again, it could just be people letting their guard down and they are seeing that that is becoming the predominant strain that they are diagnosing in new people and putting those things together, the concern is that this might be a strain that is more transmissible which of course has public health implications it doesn't tell you anything about the legality and what fr what we know currently, there is not really a lot of concern that it will make the vaccines less effective that are currently on the market it will require a bit more information, but that is not a concern at this point. >> and that is such an important point, doctor, because you hear about this new strain, the uk questi goes on lockdown, everybody tries to flee london and then virologists say, hey, we believe the vaccines as they exist now should work on these new strains. it sounds like you are also confident that is likely the case >> yeah. and the reason why, some of my

colleagues have used this metaphor that let this vaccine kind of sends an email with a photo of the virus telling your immune system to remember the culprit, right and now if you change small one or two details about the photo, it won't make a in your body and he ability to recognize the virus. it is really overtime the culmination of multiple mutations that could lead to that but again, most of the vaccine manufacturers as well as the nih are looking to make sure that that indeed is true. but the point that you raise though about the facilities and the capacity to do these kind of in-depth genetic analysis, it is really important because the vaccines are a drop in the bucket eventually they will help us control that transmission. but one way we can drive the number of cases down is all those blunt instruments we talk about. the masking, distancing. because it doesn't matter what the strain is, those being as help us keep the cases down. but the jeannetgenetic analysis

time will give us the ability to detect mutations that could affect your ability to pick up the virus on tests because all of you're diagnostic -- many are based on the vire rival genetics and as well as medications against the virus. >> and there is one tiny sliver of up side, something i posted last night i asked a genuine question about the flu season because we don't have one i don't want to say there is zero flu season in the united states, but doctor, as you know, it is not far off of xi he row obviously we don't want to ghe around in masks for the rest of our lives.he row obviously we don't want to ghe around in masks for the rest of our lives. but i think we're learning basic mitigation techniques. because the flu can kill 40,000 to 80,000 americans every year what are we learning in this process we didn't like but it could be valuable for just the common cold in years to come >> this is up such an interesting point because it is

not just the flu even the common cold or other seasonal coronaviruses, they don't kill, but economic productivity goes down, people get sick, they have to stay home so basic lessons are first and foremost, i hope that we never go back to the past where we went to work while sick. because we've learned the lesson of how easy it is trance milt the respiratory viruses. and using the michk e masks par you are sick.milt th respiratory viruses. and use masks particularly if you are sick and i hope that it keeps us safe from all the seasonal threats that might come. >> yeah, i guess if there is one si tiny sliver, at least the flu season doesn't exist we don't need any more bad new in his 2020. doctor, great to have you on with some good news there about the vaccines and those new

strains. best to you and your happy new year >> you too and coming up, 'tis the season for predictioning i'm getting back in the game this year, why not but first, good news on cord cutting and car racing for all you formula 1 fans, the ft reporting that they are in talks with amazon to stream its blood brie races next year instead of having to have espn here in the united states, you can watch amazon, you can watch lewis hamilton pretty much dominate every single week stay tuned

nobody asked for them, but we're doing it anyway. the annual five big forecasts for the coming year. and this year, it is a little different because, well, 2020 has been a lot different i layout post thoughts on sectors that may do well hint, get ready for the roaring 20s. really 2022s you can check it out on cnbc.com and also rolled out a new facebook page as well. brian sullivan c flbnfbs

o one has to do with oiled and i think oil prices will go up next year in part because everybody will be driving themselves around instead of taking subways and mass transit and opec doing a good job of keeping supply under control am i wrong he had read the predictions, let us know what you think hey, one thing that we can predict is be glad that 2020 is coming to a close and by the way, today is my final day a worldwide exchange for the year. i'll see you on closing bell tomorrow and other shows they are letting me sleep in and i'm not alone looking ahead to 2021. investors are also making predictions. caleb silver has been polling them out and is joining us now good to have you on again. you know the deep dark secrets of the web you know what people are looking for. what kinds of stocks and search terms are under the cover of darkness people searching on

invest o investopedia [. >> it has been a crazy year. and when you look at the top search terms and when they were spiking, it is really the story of what happened this year top spiking term, stimulus check. probably the top spiking term today too. it has been in the news basically since the middle of the summer and the most popular term in terms of search on our site. the most activity people looking for. they have also been looking for stock split, that was tessa and apple with those big stock splits people were searching all over for that one marxism always a fan favorite. people love looking for marxism and its cousin socialism and of course that was huge around the elections but we have a list of the top ten spiking terms on the site and i'd love to go through them with you >> let's do it by the way margin calls, i like that spike, kind of shows you

that people are obviously leveraged out there. they are on robinhood, whatever they borrowed money and a they are a like what is margin call and probably one the best movies, got no love. >> totally underrated. >> you agree, right some fantastic movie. and what else are people looking for? >> well, margin call you mentioned. black swan, we had a black swan event. some may say it wasn't a black swan but the coronavirus obviously. spac i thought that would be the number one term just because it has been so popular the last six months it was in the top ten. and i have a feeling given your predictions for next year spac will be back in the top ten next year as well forbea forbearance, severance pay people were looking for. and of courses vix, always a

popular one. but if you remember back in march and april, it was screaming like a 2-year-old in a toy store when it is time to go home so very interesting list and when they spike was just as important. if you look around the election period,s marxism, socialism, those are the top spiking terms around then. and even after the election, people were looking up those terms. >> you love that, a 2-year-old in the toy store when you can go back in toy stores in the new york area. any idea what stocks people still love, what are they looking for? >> our readers love the home cooking. so they are predicting big gains for tech and health care and no surprise there. but they like the home cooking they like the stocks that brought them here. so their top ten list looks like alike the top of the qqq and some of the index funds. amazon, apple, tesla, and they like some cannabis stocks too. and a lot like the energy stocks

and dividends year 2021 will be an interesting year and i can't wait for it to start. >> i can't wait for 2020 to be over caleb, enjoyed having you on bringing the heat literally and figuratively behind you. happy new year best to you and your >> same to you and speaking of hot, on deck the top five hottest housing markets in america revealed. did your city make the list? xtr u count them down foyo ne

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 our vision is to be the best sports and outdoors retailer in the country with a mission to provide fun for all through strong assortments, value, & experience

over the years, we've given customers not just great products, but outstanding experiences. we can't wait to have customers nationwide have fun out there. welcome back want to bring you a good news update on a story we first brought to you about the folks who work hard to actually get the vaccine to doctors and hospitals and people across the country. people like ray, we followed him down to lake charles, the back of his van filled with coolers with the actual vaccine.

and our cnbc colleagues with invest in you have published a special story not just about ray, but all his colleagues there at morris and dixon that were so generous with their time to show us how they were getting the vaccines out it is all part of a holiday homegrown heros campaign and you can find that by going to cnbc.com/invest in you. we have a picture of everybody there. all the names to all of them who are working all weekend long and getting ready to get the vaccines out as fast as possible hometown heros, thank you very much no all of that. it is time for your morning rbi. and today let's talk housing and afternoons the questinswer e earlier, what metro areas have the heist percentage jump of home prices year over year winnow that pretty of the entire country has been hot october had the biggest average monthly home price increase in history. but as always, some areas are hotter than the rest

so let's get random but interesting and get you the data your top five home applies increases from last year, five, colorado springs on average up 11.3% from last year wichita, kansas, you go, center of the country 11.8%. the phoenix/mesa/chandler metro area as it is known, in arizona, up 12% and take compantacoma/lakewood,% but the biggest jump buys city city, i'd h boils ci boise city up 16.4% and the trends look there, all in the west or mid west. austin texas by the way was sixth. we'll see if the data changes when we get the data at 10:00

a.m. today but right now, jim morrison was right when he is sang the west is the best. get mere ahere and we'll do thet random and interesting and back to the markets, joining us steven whitesing from city private bank putting out their gun pr 2021 preview i thought i'll open this up, and it was 137 pages long i think was the actual number so i didn't read the whole thing. i read it backwards to front like a law case. what are some of the highlights there? give us your top five or something. >> well, the big picture is 2020 and 2021 are distorted years for the world economy. covid and also its departure will change every asset price in the world.

i think what we have to expect and we have seen fantastic news on vaccines since the early part of november, is that about one did not third of the dispersion driven by covid, knocking down half of our equity markets,onede dispersion driven by covid, knocking down half of our equity markets, one-third of that has already closed it means that it is not over yet. we'll still be in a period of financial repression, low interest rates, deep into the coming expansion history has showed that it can last for a very long time. and that we will see again a bounce back in some industries that are not long term growth industries, but they can drive some of the best returns for example, we have been overweight for some time now u.s. small cap stocks. and that is the way that we've expressed our overweight in the united states specifically because they are early cycle recovery plays, they lag deeply behind-46. >> okay, steven, stay there. hold on. by the way, you look like

genius credit where credit is due but the russell 2000 is up 106% since the march 18th low so that is a dufblg. do you think small caps still have room to go higher >> i think that they still have room to go higher. and i think that we have to remember that if you are down 50%, you need 100% rebound to get back to the same place what we've had in large cap tech for example, and i won't be too hard on it because i don't think that we're going into a tech downturn, but it has expanded way beyond the initial level that it achieved when covid began. it was the solution to covid and so i think you have further to go in catching up with small cap equities around the world. but it is the rest of the world, right, which has lacked the tech component that has more to gain from a rebound from the world adjusting and getting past covid. once we get through this though, we have to be clear about this, this is a one-off mean reversion. i think we'll want to go back to

quality income generating assets we'll find them in equities, not the bond market, we'll find it in companies that were also left behind and those are dividend pay payors and we'll find it in places of the world that are very surprisingly again lagged behind the leaders. china had very large double digit returns this year. but its trade gains are powering rebounds in tradeemerging asia and emerging asia is down double digits and so a lot of the world is still repressed. >> and so small caps here, emerging asia around the world, areas to look at steven wieting, a great call on small caps we appreciate you and your team. see you in 2021. and folks, that does it for

us i will see you on this program in 2021. they are giving me some time to sleep in check out our podcast. ererybody have a great day out the. "squawk box" picking up the coverage next. in a land not so far away, people are saving hundreds on the most reliable network with xfinity mobile. they can choose from the latest phones or bring their own. and because they get nationwide 5g at no extra cost, they live happily ever after. again! again! your wireless. your rules. your way to stay closer together this holiday season.

switch and save up to $400 a year on your wireless bill. and get $150 off when you buy a samsung a series phone. learn more at xfinitymobile.com.

president trump calling the $900 billion covid relief bill unsuitable and a disgrace. lawmakers sending a package is what he wants for bigger direct pavements. pfizer reportedly nearing a dealing with the u.s. government for more covid vaccine doses.>>a dealing with the u.s. government for more covid vaccine doses and elon musk says he once approached apple about buying tesla. this was during the model 3 launch which