it is 5:00 a.m. at cnbc global headquarters. stocks looking to build on their strong start the futures this morning, they're in the red pressure continuing to mount on president trump as lawmakers in the house begin their efforts to remove him from office the very latest from washington. the president also facing a crackdown from big tech companies all across silicon valley they're pulling the plug on his online presence. right here, speeding up the vaccine rollout, officials across the country looking to overcome hurdles as the u.s. hits new bleak milestones in the

covid-19 outbreak and china accusing the u.s. of crossing a line after secretary of state pompeo lifts restriction with taiwan we have reaction it is january 11, tw2021, and you're watching "worldwide exchange" right here on cnbc good morning i'm frank holland in for brian sullivan here is how your money and the global markets are setting up their day. stock futures are down big the dow, 2010 points down. we're seeing the s&p down also the nasdaq, the tech index also down the markets are coming off a solid start to the new trading year despite that violent riot on capitol hill. all three major indices hitting new records with the dow gaining 1.5% the s&p jumping by nearly 2% the nasdaq climbing nearly 2.5%.

that is nothing compared to the russell 2000, often considered the reopening index. you see it right here. up last week about 6%. right now down fractionally. this week, however, it's going to be all about earning season kicking off as investors will get their final look at the impact of the covid-19 impact on corporate profits in 2020. big banks will kick things off, getting under way later in the week with some names like citigroup, jpmorgan, wells fargo, pnc financial and blackrock all reporting. wilfred frost will have that later this week. we have to talk about bitcoin this morning right now down more than 4.4%. down 12% friday after hitting a record high of $42,000 the selloff in the cryptocurrency comes after their huge rally and perhaps some signals of profit taking from investors, maybe something else. with bitcoin, seems like you never know worldwide, a mixed day in asia

mainland chinese stocks falling amid rising covid-19 cases there. more on that early trading in europe, red across the board we're seeing some signs of the market under pressure globally right now. the most impacted index we're seeing right now, the german dax. now to the latest on the ongoing covid-19 outbreak and new concerns here at home as well as abroad bertha coombs has more on that and your other top stories it's monday. you have to give me a little slack. good morning. >> it is monday and not a great monday when it comes to headlines on coronavirus we're facing more grim milestones amid this ongoing outbreak officials with a second straight day with nearly 279,000 new cases being reported on saturday that surpasses the previous record set just the day before 3,600 people dying of virus-related causes down from

thursday's record, 4,100 deaths. meanwhile, china seeing a five-month high in new virus cases. the outbreak near the capital beijing comes as officials try to curb the spread ahead of next month's lunar new year holiday meantime, jpmorgan chase and citigroup are the latest major companies to halt political donations in the wake of last week's violent attack on capitol hill jp spokesperson says the bank is pausing contributions for both republicans and democrats for at least the next six months. citigroup told employees in an internal note friday, it is also pausing pac donations to all lawmakers during the first quarter. meantime, stripe has announced it will stop processing payments for president trump's website. the fintech company making that move saying the president violated its policies against encouraging violence that's not the first time.

the company has disabled accounts in the past in the wake of violent acts. a lot of consequences when it comes to fund-raising, frank. >> absolutely. stripe joining a number of other companies taking a stande speak nancy pelosi says, lawmakers plan to move forward with impeachment efforts if other attempts to remove the president fail tracie potts joins us from washington good morning >> reporter: good morning. with just nine days to go in his presidency, hundreds of lawmakers say they want the president out of office early. how to do that the 25th amendment argument seems unlikely to happen democrats are pushing for impeachment but it's not clear if there's enough time the house of representatives plans to introduce articles of impeachment this week. house speaker nancy pelosi last night on "60 minutes". >> this president is guilty of inciting insurrection. he has to pay a price for that.

>> reporter: multiple sources tell nbc that vice president pence is unlikely to use the 25th amendment to remove president trump. more than 200 house members and 37 senators want him to resign or be removed. >> every minute and every hour that he is in office represents a clear and present danger >> donald trump may be in the twitter penalty box, but he still has access to the nuclear codes. that's a frightening prospect. >> reporter: some believe a trial can wait. >> let's get president-elect biden the 100 days he needs to get his agenda off and running. >> reporter: republicans are lining up against the president. >> the best way for our le. >> reporter: as washington remembers the capitol police officer who died after last week's riot. d.c.'s mayor will ask president trump to start inauguration security today >> this inauguration preparation has to be different than any

other inauguration with only ten days to go. >> reporter:nbc news has learned capitol police were warned of possible violence. senior law enforcement officials tell nbc those warnings came from both the fbi and new york city police, frank >> thank you very much a lot to unpack there. definitely a continuing developing story out of d.c. we appreciate it back to the market stocks in the red following last week's strong gains to kick off the new trading year our next guest says more volatility could be ahead as headwinds for the market remain. luke lloyd with strategic wealth partners thanks for being here. >> glad to be here what would be the catalyst for some of the volatility you're forecasting? markets are near record highs despite the variant slow vaccine rollout, the riot on capitol hill, a number of issues, lower

job numbers than expected. what's going to create that volatility if we haven't seen it in the first week and the market has actually showed some gains >> the markets are trading at valuations for 2021, there are two variables that go into 2021 that will going to make 2021. that is the federal reserve and the federal government when it comes to the federal reserve, they said over the next three years they're going to keep interest rates low to proper up the economy. they'll continue to buy bonds in stocks like apple and all these large companies which is also going to keep the economy afloat on the other side of things you have the federal government. right now we see the democrats have the house, they have the senate, they have the presidency that means more additional stimulus is being printed as well to keep things afloat one of the big head win winds is the raise in corporate taxes since the democrats do control

everything, a rise in taxes is likely with the government printing more money and handing out more stimulus, that will offset the corporate taxes. there's a lot of volatility and things that could happen in 2021 and the markets are up 13% from pre-pandemic levels. if you would have told me beforehand that in a pandemic when we have job loss and a lot of issues with the economy that we are up 13% from the p prepandemic and 68% off the lows, i would not believe you but that's where we are. >> a lot of us are amazed. here's what else is rising, the bond yield the ten-year hitting the highest since march in response to president-elect biden saying he's going to add some additional stimulus and you considered a factor for volatility, the democrats having the white house and both chambers of congress appear to be boosting those bond yields. what's your take on that >> i think in the long term, over the next couple of years, yields will remain low the federal reserve with key

rate at zero percent i'm not saying we'll go negative but it might be a possibility considering we have a ton of issues in the economy that need to be fixed. going forward, we are seeing job loss small business is hurting right now. i think we're going to see a permanent loss to these small business owners and these jobs in the small business entry. before the pandemic, small business was the backbone of the american economy i don't know if it's going to be that way going forward. >> i don't think any of us know if that's the way it's going to be before we let you go, can you give us some picks i know you're bullish on tech and health care. can you give us one stock in tech and one be in health care that you think is prime to take advantage of the environment we're seeing in 2021. >> absolutely. is going forward, alibi bab ba is a great stock about 25% to 30% off its highs right now it's got a lot of headwinds and a lot of news around it, surrounding it with jack ma being missing. he's not necessarily missing,

just laying low. they have the investigation right now with the monopolyistic practices or anti-trust. alibaba is china's bread and butter it's their way to compete against the world, the united states, against europe i think that's a good stock moving forward it's essentially the chinese amazon with regards to health care, lagging pharmaceuticals, lgnd. they make what goes into these covid vaccines and tests and they allow essentially the product we have -- allows these vaccines to be taken into the body, which is very good going forward as well. that will maintain over the next two or three years because covid isn't going to go away all of of a sudden just because we have a vaccine. >> thanks for your insight futures down like your cleveland browns we'll see if they make a comeback, too. >> i'm actually a steelers fan. >> what? >> i was not happy about yesterday. >> we'll talk about that offline. thanks for your insight. when we come back, much more

on that ongoing fight against covid-19 as officials look to ramp up efforts to get the public vaccinated following a slow start eunice yoon with tensions between the u.s. and china the good, the bad and the ugly of a critical holiday shopping season for retailers just trying to stay afloat a very busy hour ahead when "worldwide exchange" returns what if you could have the perspective to see more? at morgan stanley, a global collective of thought leaders offers investors a broader view. ♪ we see companies protecting the bottom line by putting people first. we see a bright future, still hungry for the ingenuity of those ready for the next challenge. today, we are translating decades of experience into strategies for the road ahead. we are morgan stanley. into strategies for the road ahead. no one likes to choose between safe or sporty. modern or reliable. we want both -

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. welcome back to "worldwide exchange." after a month after the first covid-19 vaccine in the u.s., the rollout is short of the targets put in place by operation warp speed they had hoped to get 20 million people vaccinated by the end of 2020 the cdc has distributed 20 million doses of the covid-19 vaccine, but only 6.7 million shots have actually been given that comes as the u.s. has surpassed 2.2 million cases in just the first ten days of 2021. to put that in perspective, last year it took the u.s. 90 days to reach that same level. the u.s. also reporting a new record number of cases on saturday let's bring in dr. carlos del rio from emory university school of medicine. thank you for being here. >> good morning. >> we just broke down the numbers there. about 22 million -- excuse me, 20 million vaccines distributed, only 6.7 million actually given in shots that's about a third of them what percentage of that do you

think is due to logistical issues that have been well documented, what percentage to apparently some unexpected vaccine hesitancy? >> i think it's a combination of both clearly a lot of logistical issues the federal government put the vaccine down to the states and told the states, it's up to you to distribute and to administer. and there are two things happening right now, frank number one, you have hospitals are overwhelmed so nurses are taking care of patients in the hospitals. there's not enough nurses in hospitals to vaccinate and public health departments have been underfunded and, therefore, public health departments you either have to be -- you're either doing covid testing or covid vaccinations but there's not personnel to do both you add to that some degree of hesitancy and we need to do a better job of communicating to people the benefits of the vaccine. >> what is your take on the vaccine hesitancy, among

front-line health care workers we spoke to a number of health care systems across the country. we heard from different ones that about half of their health care workers are willing to take that shot now and the other half are either saying no or they want to wait >> i think you have to understand the reasons why they want to wait i spent last saturday in my health care system administering shots and i went up to the nurses' stations and talked to nurses some were not necessarily hesitant they just had doubts and wanted questions answered i spent time answering the questions and clarifying the issues, they were will to take the vaccine. people have questions and that's okay but we need to be able to answer them and it takes a lot of time. it's really a one-on-one effort. just telling people, it's okay, you need to take it, it's not enough you have to listen to people, hear what they have to say, hear their concerns after you do that, they'll be more likely to take a shot that will take some time it's not immediate people say yes. >> doctor, i think people do

have a lot of questions. one of the big question people have is what stat should we be paying attention to? in the beginning of the pandemic we were told to watch the mortality rate and now we watch the cases per day while the mortality rate has declined? which one do you use to assess how bad things are >> it's a combination of things. three things i pay attention to is the number of new diagnoses and that's influenced by how much testing is done i look at deaths i also look at hospitalizations. at this point in the pandemic, we have over 130,000 americans currently in the hospital with covid. that's an incredible number. in some states, one out of every three beds is occupied by somebody with covid. and that to me is a concern. you start looking not only at the overwhelming of hospitals for covid but it's actually for everything if you have a stroke, a heart attack there may not be available for you and that's a problem >> doctor, we appreciate your

time good luck with your efforts to fight this pandemic. we appreciate it still on deck on "worldwide exchange," we have much more coming up. more on the techs -- on tech's crackdown on president trump, targeting his ability to spread misinformation online. "worldwide exchange" is back make fitness routine with pure protein. high protein. low sugar. tastes great! high protein. low sugar. so good. high protein. low sugar. mmm, birthday cake. pure protein bars and shakes. for every fitness routine. don't settle for silver #1 for diabetic dry skin* #1 for psoriasis symptom relief* and #1 for eczema symptom relief* gold bond

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pompeo said he was lifting restrictions on contacts between u.s. officials and their counterparts in taiwan eunice yoon joins us with the very latest on this. good morning, eunice >> reporter: good morning, frank. one of the headlines in an official paper was that this move breaks china's bottom line. the reason for that is the background is beijing believes that it is the only one that can speak for taiwan and taiwan is part of its territory. so, under this new u.s. move, taiwan and u.s. officials and politicians would be able to meet and have higher level exchanges also in official settings, including the white house. so, the chinese foreign ministry condemned the move, said it was going to resolutely fight back any attempt to, quote, sabotage its interest taiwan, the foreign minister tweeting he was grateful for what he called a big thing in the elevation of thais to a global partnership top to further that relationship, taiwan this week is going to be

hosting the u.s. ambassador to the united nations, kelly craft, who will be arriving there on wednesday. in taiwan, the politicians there are cheering this, saying that this is a very good thing because taiwan officially has not been allowed to take part in international organizations because of china and, meanwhile, the chinese have a totally different view of this, frank, as you can imagine and have said that this trip is part of the trump administration's, quote, final madness in its china approach. >> interesting quote from the chinese government, the trump administration's final madness do you see the tension from this decision by the trump administration secretary of state pompeo carrying over to the biden administration that takes over in a few days >> that's definitely the sense here, especially when you read the state press, that there is a concern that what the chinese

are seeing is the trump administration doing pretty much whatever it can can in order to try to make it very, very difficult for the biden administration to change course if it decided to do so for example, on chinese state tv, there was a quote about this latest decision by pompeo was a way for -- to create a taiwan bonfire, it said, that biden would have to put out. we're also seeing the chinese move in other areas such as business to try to protect itself from what it sees as increased tensions, or at least the likelihood of that for example, over the weekend, china unveiled new regulations that essentially put more pressure on u.s. companies because they basically are banning chinese companies as well as citizens to comply with foreign laws and foreign sanctions. so trying to make things much more complicated for u.s. businesses that want to continue to do business in china. frank? >> eunice, u.s./chinese

relations continue to be interesting, to say the least. we really appreciate it. let's get a check on the morning's other headlines. francis rivera with the latest. >> good morning to you we're starting with an update on that indonesian plane crash that killed all 62 people on board. authorities say they have pinpointed the area the plane's black box is parts from the boeing 737 500 were found 7,500 feet below the java sea they have recovered body parts along with the fuselage and aircraft parts investigators are still investigating the cause of that crash. a daring jail break in california six inmates are on the loose from the merced county jail after staff say the prisoners used a makeshift rope to climb down there the roof saturday they are considered armed and dangerous. and afc north showdown capped off a crazy slate of wild

card weekend games the cleveland browns in their first playoff games since 2003 they struck early and often, racking up 21 points in the first quarter. down by 25 at the half the steelers would try to mount a comeback and came within 12. for every touchdown ben roethlisberger threw, he had a pick to go with it, tossing four interceptions on the night for the second straight week, the browns beat the steelers 48-37. for monday morning, those are your headlines. >> that was a great game both of us worked up in boston i knew it during those times, you were pressured to pretend you were a patriots fan. do you have a team you root for? >> my husband is a hard core broncos fan. it was most painful when he with worked in boston it was having to get excited for those red sox all those years, i tell you what. that was tougher >> you had to pretend up there because if you didn't, well, we know what happens up there francis, thank you very much >> sure thing. still on deck, the latest on

the growing calls in washington to remove president trump from office eamon javers with the latest on where that stands until just days before president-elect biden is sworn in. i'm made to move. but these days, i'm not getting out as much as i'd like to. that's why i take osteo bi-flex. it helps with occasional joint stiffness, while it nourishes and strengthens my joints for the long term. osteo bi-flex. because i'm made to move. ♪and if we win, we get to tell you how liberty mutual customizes car insurance so you only pay for what you need. isn't that what you just did? service! ♪ stand back, i'm gonna show ya ♪ ♪ how doug and limu roll, ya ♪ ♪ you know you got to live it ♪ ♪ if you wanna wi... [ music stops ] time out! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪

futures foint a lower open after wall street closed at record highs on friday washington watch the house expected to begin an effort to remove president trump from office. and the president also facing

pressure from big tech as a number of companies pull the plug on the president's access to their platforms it is monday, january 11, 2021 hard to believe it's only the second week of the year. you are "worldwide exchange" right here on cnbc welcome back i'm frank holland in for big papa, brian sullivan here is how your money and investments look as we're halfway through the 5:00 a.m. hour stock futures are down this morning after a big week for the markets. the dow down 176 points. up from its lows earlier in the morning. still we're seeing across the board all of them down the nasdaq down around 51 points as well. the markets are coming off a solid start to the new trading year despite that violent riot on capitol hill. all three major indices with the dow gaining more than 1.5% the s&p jumping by nearly 2% and the nasdaq climbing by 2.5%. that's nothing compared to the russell 2000, often seen as the

recovery index, up nearly 6% this week will be all about earning season kicking off we also have to talk about bitcoin this morning it's been the story of 2021. it's down 12% since friday after hitting a record high of $42,000 last week. the selloff inny ip toe currencies come after a huge rally and perhaps some signals of profit-taking from investors. now to multiple dweping stories out of washington, including the house beginning an effort to premove president trump from office eamon javers joins us live with the very latest. good morning, eamon. >> reporter: good morning, frank. we now know how the impeachment effort in the house will begin what's less clear is how this impeachment effort will end if it makes it to the senate, the timing, all of that very much unclear. nancy pelosi sending a letter last night to her colleagues explaining how this is going to work, saying these going to

introduce a resolution today calling on vice president mike pence to move forward with the 25th amendment, declaring the president unable to perform his duties and removing him from office that resolution they're going to vote on doesn't force pence to do anything. they're simply calling on him to move forward with the 25th amendment. they're saying he needs to mobilize the cabinet and activate that 25th amendment if the vice president does not respond in 24 hours, pelosi says, then they will move forward with bringing an itch peoplement resolution to the house floor, presumably on the back of democratic votes that resolution could pass in the house. we'll see whether and to what extent there is republican support for it and then the question becomes, what happens in the united states senate because it's not at all clear the senate can move as fast as that. they would have to hold a trial under the constitution for the president, present evidence and allow the president to send up a

delegation to defend himself in the senate all of that takes time and senate republican leaders who still control the chamber for the time being are saying they can't see how that could possibly move forward before january 19th, just one day before joe biden is expected to be sworn in. we could see an impeachment effort before the president takes office and end after he takes office why is that significant? a majority vote in the senate, if it gets that far, the senators can vote to block donald trump from ever holding office in the united states ever again if it gets down the line there. as i say, we know how this is going to begin, less clear how it will play out. >> that impeachment process would also impact donald trump's living stipend for the rest of his life, security detail. a lot of ramifications to an impeachment. let's talk about the social media impact of everything we saw last week. parler, the popular app with

trump supporters is shut down. what does this mean for president trump having a voice online >> the twitter decision on friday night was enormous for the end game of the trump presidency twitter has been the way trump engages with his followers, the media, others in the united states and the president is simply blocked from using that. parler, major corporations including amazon web services are deciding they don't want to be attached to an insurrectionist movement that's call for violence in the united states we saw people on parler linked to the president's movement here calling for the execution of mike pence that kind of thing is not the sort of thing that these large erpgs kos want to be involved with they're shutting it down, distancing themselves from it. and there is some analysis -- there has bb some analysis over the years in terms of isis and other terrorist type groups that

shutting down their access to social media does shut down their ability to put their ideas out and their ability to recruit new members. so, presumably the extremists will be sort of handcuffed by this but the question is, overall, how long will all of these efforts last in practical reality, how will they be enforced that seems to be an open question right now. >> a lot developing down there in d.c we'll we're sure you'll be all over it. much more on the president and big tech with axios media reporter sarah fisher. thanks for joining us. >> thanks for having me. >> we have to jump right into this the president is banned from most social media apps but the apps definitely benefitted from the president's presence on their apps in the past who is more hurt, the president more hurt by it or the apps losing followers and some attention that the president draws? >> i think the president is more

hurt by it the apps saw this day as being inevitable the capitol siege expedited their action but many were planning on taking action after he left office twitter and facebook said they gave him special treatment while he was president for national security reasons they wanted the president of the united states to have a mega phone in case he needed to tweet something about a national emergency, national security, et cetera both of those apps have said that sort of immunity may go away once he actually left office i see this as being something that's inevitable. i think the tech platforms because they're united here, almost every single one, we have a running list on axios, is taking action. not a single one will get called out for going against him. really the president losing his massive social media mega phone is the big loser here. >> i don't think any of these social medias will be called out for banning the president but twitter is down 6% there's certainly an investor

impact going forward, does the president have a different option to access his followers and the people that want to hear from him online? friendster doesn't exist anymore, i'm sure myspace was shut down. are there other avenues the president can go to? >> almost every company is banning him. that goes to campaign marketing email platforms, online stores, payment processors he really doesn't have much of an option. his digital director tried to create an account to message people that got shut down immediately he's really stuck here your point about the markets, one thing this incident exposes these companies to is perhaps more conversations around regulations of platforms a lot of people think that companies like twitter and facebook were too slow to act against the president. meanwhile, we're having conversations on capitol hill about what it likes like to have content moderation rules be inc. chaed, section 230 of the communications act so, it would really come down to

you see that stock moving, it's not just user engagement but exposes them to more regulation which could hurt the companies long term. >> back in september, attorney general bill barr actually had a statement after the president met with state ags to talk about social media networks. he said congress should hold online platforms accountable when they unlawfully censor speech and knowingly facilitate egregious criminal activity online are these social media sites just can doing what the attorney general asked them to do to take accountability do you see them having any more fallout from congress or maybe even other federal regulators for allowing some of these messages to get out in the first place? >> each side will play it politically how they want it attorney general bill barr will play it in the conservative lens, you're ken soring us people on the left will say, you're giving them a dangerous platform everyone wants to crack down on

tech companies that don't alter the rules in their favor tech companies have been regulated by congress. i think what you're going to see now is there's going to be new conversations on capitol hill around how do we introduce amendments not just the communications decency act but also to other forms of the regulation that would help keep these companies account for things like terrorism, domestic terrorism, people congregating online to do harm? i think that's where they have the moection exposure. limiting people's political speech will always be tough but holding them to account where people are planning riots where there's guns and weaponry involved is something where i think there will be much more bipartisan support on capitol hill to go after this them. >> sarah fisher from axios, a busy day for you ahead, i'm sure. how new covid-related lockdowns in europe could hit

u.s. retailers hard. some of your morning's other top headlines. the pga is canceling plans to play its major championship at bedminster next year u.s. banks are relisting hundreds of hong kong listed products linked to china named on a u.s. investor black list. apple and hyundai are reportedly set to team up on autonomous electric cars. a newspaper in seoul says an agreement will be signed in march with production starting in 2024. on friday hyundai said they were in you can thats with apple, after walking that back saying it's working on potential partnerships with multiple companies to develop autonomous vehicles stay tuned you're watching "worldwide exchange" right here on cnbc overspending on a retinol cream?

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a live look at new york's times square quieter times square than you would normally see could cha all change in 2021 we'll have to watch out for it. it was a good news/bad news holiday season for u.s. retailers. clothing chains and department stores felt the most pain and they could face even more challenges as lockdown measures to curb the spread of the covid-19 vaccine -- excuse me, covid-19 outbreak here and especially in europe clamp down even more on sales let's get more insight now with president and chief international store hunter at sw

retail advisers. thanks for being here. >> hey, frank. >> let's start off with the companies that are going to feel the most pain from these lockdowns. we said it was chain stores and department stores. what u.s. brands have the most exposure to the uk and to europe >> you know, it's interesting because i think u.s. investors sometimes forget how global some of these brands are. if you look at pvh, which is tommy hilfiger and calvin kline, 30%. guess, fossil, ralph lauren, 20% exposure to europe naets a big deal especially considering the uk for capri and ralph is half of their european business we've only been open two weeks since the beginning of november. stores have been shut. germany, stores are shut since the beginning of the month biggest apparel market in europe >> you say we, so i assume

you're in london where i know you spend a lot of your time what are you hearing from people there? are they adopting to e-commerce like we are here in the u.s. or is there some resistance to that is it a different culture because a lot of us are buying three of the same thing, trying them on and sending back the other two? >> they are adopting as fast as they can for example, in france, the online penetration is really low. you look at a mall operator and say, if there's going to be this huge shift to online shopping, the physical is even more at risk because they're so underpenetrated. yooir you're seeing the same thing as in the states, curbside pickup, buy online/pick up in store. it's been a little slower here, for sure but the adoption is going in the right direction. >> what about luxury retailers, here in the u.s. we've seen a lot of up-trading during the pandemic people maybe treating themselves is the same thing going on in europe and could that potentially help retailers >> luxury has been on fire

despite what's again going on over the past year and i think it's a great example of consumers they want to spend they want to get out and anything they can get their hands on that uplifts them, assuming they have a certain amount of income, is happening i can speak to europe when the stores closed for the short time that they did, the lines were insane the first day in the uk where lockdown lifted, it was an hour wait to buy an lbmh bag. everybody in that line was buying tiffany which is now lbmh, all of those businesses are very healthy sgit the lockdown. >> certainly an lvmh is worth the wait, right? i have no idea footwear and apparel, nike and adidas, are they equally impacted by this we generally know our sneaker sizes and things we wear to work o out. that seems like the easiest transition to e-commerce. >> it has been and nike has been

a leader we know your size so there's less returns and nike's business has been incredibly healthy and it's been up in europe pp, again, despite stores being closed here. andle other thing you have to think about is what nike has been doing so well is looking at their wholesale distribution and saying, listen, we are only going to keep the best partners and and everybody else we're getting rid of who typically discounts and they're going more direct themselves, which is i a higher margin. finally i would say foot locker. foot locker's comps have been incredibly strong in europe and the u.s. suddenly they've been impacted by the inability to return merchandise to their vendors now that's opening up. another margin proposition here. footwear category, huge winner and continues to be so. >> l brands and also lululemon, how are they impacted by all

this do you see consumers being able to make that swech to e-commerce buying because these are stretchy or also very personal in the case of l brands? i think people know their size when it comes to their intimates. >> they do l brands is an absolute turn-around story. the big driver whilein store, same store sales have been down over 20%, they're moving in the right direction online the key driver for all of these retail stocks is margins there have been less discounts because inventory is so lean because everybody clamped down on ordering in the beginning of the year so now some brands are raising prices they're selling full price at a lower revenue base investors seem to be okay with that for now and lululemon is just -- i mean, this couldn't be a better environment for them, the stay at home, no more hard pants, thing of the past, and they're doing more outer wear, higher ticket as i talked about on your show

before, they're doing larger sizes for women. that is really the next driver of that stock here. >> stretchy pants, joe kernen has tried to convert me. i don't know if i'm right ready or the bosses at cnbc are ready. stacey, we appreciate it on deck, the dow, the s&p and the nasdaq and dow transports all posting record closing highs on friday. so, how should an investor be positioned as we start this new week we have a few ideas coming up next. if you haven't already subscribed to our new pod casts, "worldwide exchange" every day in audio form. if you missed us, check us out on apple, spotify or other podcast forms. pay off my student loan debt.

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founder and financial adviser with new street advisers delano, we appreciate it. >> thanks for having me. >> we saw all the indices rise last week. what are you seeing this week with the prospect, the stimulus, president-elect biden coming out with a strong statement about stimulus is it priced in or is it all upside >> i think it's more upside long term but investors have to be cautiously optimistic. we mention one of the biggest catalyst is that third relief package promised by certain lawmakers. i think investors are banking on that i want to hear more commentary, more actual details around that specific -- if we're going to get that through what lapped last week with lawmakers and dems in both chambers if you're an investor, it's

optimistic but also cautious a lot of the good news has been priced in. if there's a correction, that's good chance for investors to pick stocks they think will be going higher long term. >> cautiously optimistic, but there has to be some sectors or perhaps stocks you're very bullish on can you give us one in two different sectors that you feel really good about? >> yes rok you wa roku has been flying under the radar as far as popularity they bought the assets of quibi, the failed platform, and bough it for pennies on the dollar they're making that push into content. as we know in this day and age, content is super important where eyeballs are, that's where investors are going. with already having a stronghold in the streaming wars, with the platform all they are pushing to that bodes well. they were up about 3% on friday on that news

i also clik clove health care, they finished the spac, the medicare focused tech insurer. that's another place i like. the tech and health care spaces are strong right now i think they'll be marching higher. >> makes sense what do you make of the russell 2000 being the best performer last week? a lot of or guests called that the reopening index. is that a sign that perhaps tech is slowing down? >> i wouldn't call it a sign we're seeing optimistic on both sides of that. you saw the rotation back and forth in the indexes we saw hedging into the reopening plays. the optimists on the backseat are looking for late summer/early fall where we'll have a lot more people vaccinated if you're a long-term investor maybe they are hedging into those heavier. i don't think it's a sign that tech is slowing down i think we have more near side, upside in tech and you should be hedge long term for reopening. >> circling back to health care,

we're all hopeful that the vaccine will bring an end to this pandemic some time in 2021 or at least bring back some sense of normalcy. how does that impact the health care sector and especially your pick >> right now we've been picked in clove and also in etfs that are more broad based i think that if you're an investor, you have to have exposure to those areas. health care and what we've done, what we've seen with the vaccine and how that's been rolled out in a rather quick manner we know usually a vaccine takes much longer to be distributed, to be made, to be produced what we saw with companies that were able to do that so quickly plays to a part you have to have some sort of position in these health care companies doing a lot of great things. as an investor, you should want exposure to those areas and i want exposure for my clients. >> futures down today. the dow looking like it's having the biggest downside what do you make of it after we saw a week with all indices

hitting record highs >> i think it's profit taking here that makes sense i think it's healthy for sometimes when we're at high asset valuations to have some profit taking for people that may be in the short-term game, but for long-term investors, nothing to get worried about >> any other last words before we let you go? >> let's go roll tide tonight. thank you for having me on roll tide, rooting for them tonight. really appreciate you guyson cnbc. >> sneaking in that crimson tide support. we appreciate it. that does it for us on "worldwide exchange. "squawk box" is up nt.ex save hundreds on your wireless bill

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good morning futures pointing to a pullback after a week after major indices close in record territory friday. more volatility for bitcoin, which was also trading at a record in the last couple of weeks. it is down sharply overnight social smackdown in the immediate. big tech companies blocking president trump to their platforms and booting parler, an app for trump supporters snoop house beginning efforts to remove president trump from office after last week's breach of the capitol by a mob of trump supporters it's monday, january 11, 2021 "squawk box" begins right now.

good morning welcome to "squawk box" on cnbc. it's monday, another week. an endless possibilities of what might unfold let's take a look at the u.s. equity futures this hour you'll see things are trading lower with the dow down by 170 points right now nasdaq indicated down by 44. the s&p off by about 17. you have to remember, both the dow and s&p 500 are working on four-day winning streaks all three of the major averages ended at record highs on friday and you are talking about what's been happening with all of these issues the biggest gains we've seen in six weeks for both the dow and the s&p 500. if you want to take a look at treasury yields, that was a big story last week. we finally saw the ten-year move back above 1%. first time since march right now it looks like the yield is above 1.1