are doing it, the nasdaq 100 >> absolutely low right. those are some of the names we saw assaultoff i think the most going into the end of last week as well. amid of everything we have seen with the so-called reddit rebellion and what it's meant in terms of derisking for the hedge funds. these have been popular and long names for many hedge funds not surprising to see them rally today. tie leer, thanks for watching "power lunch," great to do with with you. >> this tv is fun, this business great to be with you thank you morgan and tyler welcome, everyone, to "closing bell." i'm sara eisen here with wilfred frost. as always, stocks bouncing back after a down weed, the dow up more than 300 points stocks ripper higher game stop sitting out the rally. down 25% now as retail frenzy moves to different parts of the market today it is silver in the cross hairs, up about 8% right now

tech, faang stocks are the real standout story today the nasdaq up 2.5%, a monster rally to start the week. the two other drivers we have been talking about for weeks now, stimulus negotiations and vaccine rollout. they continue to provide the right narrative to the bulls every sector is in the green now. >> nasdaq up 2.6%. we have a big lineup coming your way n. a few minutes we will speak with billionaire businessman and former presidential candidate tom steyer about the retail trading phenomenon and why he says it is about economic justice at its core plus, rafael bostic will talk about the economic recovery, the renewed stimulus debate in washington and much more. and later we will speak with martha stewart and her investments in sustainable farming and cbd for pets what she makes of game stop, the reddit crowd, and social media in 2021.

let's start there with the reddit crowd and the rise of the retail trader. mike has a look at the markets >> a strong bounce, it is gaining back more than half of what was lost last week in the s&p 500. last week it was crowded shorts surging, crowd longs decreation. it is the opposite today crowded long, heavily owned big growth stocks heavily sold to reduce risk last week. this happens all the time. you get a rally off of a sharp pullback and it so far has taken you right up to the line that used to be the trend until it is a addition point until we close around here. i would go back and look at how the september correction played out. you have strong bounces. it is unclear if the shakeout was kpleed, if it was just a need for a small shakeout. look at the bond market. it is a supportive indicator

here not disturbed by all this going on in equity land. this is the high yield etf wided by the treasury etf, so it is one relative to the other. when it is slanted up, risk appetites are going up, riskier bonds are outperforming safer bonds. nothing happened to the trend here it rolled a little bit in the last several days. nothing too dramatic back in the late summer you had a steeper give back of credit. that looked okay as well nothing much to speak of there now, the crowded shorts have done so well -- if you look at it on a long term chart this is the least shorted stocks relative to the most shorted stocks this is where we were right as of friday last week. that is historic outperformance by heavily shorted stocks. it happens from time to time but it doesn't last long we are primed for a little bit of a rene reversion. the market is not heavily

shorted so this is not something that can roll that much from one part of the market to another. on some level the individual name burns itself out. guys >> mike santoli, mike, thank you. it appears the short squeeze frenzy is spreading to the cod tees market today. silver prices soaring amid social media chat better the metal. listly picker with that angle. >> that's right. the idea to target silver took hold on social media during the middle of last week with the thought being that if individual investors help push up the siv then they can force the etf to procure more silver to meet demand there is also a need to bring down the big banks which are hedged against fit call holdings it jumped beyond $30, the highest level since 2013 slv are surging, mining stocks like core behinding, heckla and

pan american silver. over the weekend retail sites were bombarded with physical orders and coins and physically halted orders yesterday. now there appears to be a lot more debate in the reddit threads as to who is pushing this trade who is behind some of the aliases. many of those behind the gain in game stop last week say they are not behind it. so far, no one has claimed to be the mastermind this trade. guys >> well, that's what the investigators, i guess v to get back to the bottom of, leslie. what's the latest on roibd robinhood? they are getting a ton of liquidity infused. can people trade now

are there still restrictions up? >> that's a very good question, sara there are still restrictions as far as i know. what's going on with robinhood is they need a lot of cash to make sure they can post enough cash based on some of the riskiness of the customer or the users in their accounts. and so they have sought to raise more money from existing shareholders they are tapping the dent market they have drawn down on certain credit lines in order to make sure that they have enough capital and they have enough cash on their balance sheet to ensure that they can operate as usual. >> mike, what is the biggest threat to the broader market is it the degross, derisking by the hedge funds that have been squeezed and lost by the likes of game stop rising or if and when retail investors decide to step away whether that's because they experience big losses or simply don't see the opportunity for big gains like have been experienced in game stop over the last couple of weeks >> i think most immediately the

risk is a continued unwind on the hedge fund side. so-called degrossing if you have these eruptions of volatility in certain stocks that catch institutions offsides that can roll longer i don't think retail going away is necessarily going to deprive the market of that much demand in the aggregate another potential risk, maybe at play last week are we going to have to worry about the integrity of the processing power and the plumbing market? i don't think everybody thought there was a severe risk system-wide but whenever firm is being asked to put up more capital it cause as natural reaction among investors who have been through 2008, who have been through the repost stress in recent years who say i don't want to bet thing are going to remain smoothly operational. those things seem like they have abated as risks today. that's where we sit. after the break, billionaire

businessman tom steyer tweeting what is happening with game stop is about economic justice at its core he will explain and talk about why a wealth tax to be the answer you are watching "closing bell" on cnbc. [squeaky shopping cart] [sniffing] is the salmon wild-caught? she only eats wild caught. [cash register beeps] uh, i need a price check on honey. don't get mad. get e*trade and get more than just trading. investing. banking. guidance.

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game stop pulling back from its recent short squeeze surge, falling by 28% as we stand today. robinhood now allowing clients to trade up to 20 shares from the four-share restriction that was put in place earlier today and the one share restriction put in place on friday tom steyer weighing in on the game stop drama tweeting what's happening with the stock is about economic justice at its core joins us this afternoon. thank you for joining us. >> wilfred, nice to be with you. >> let's start there what is happening with game stop

is about economic justice at its core you tweeted how so >> obviously, this is a story about the grassroots people on line finding a weakness for people who are the elite, who are the people who control the market, the big hedge fund players. and it is a battle between the two of them and the grassroots against the elites and this didn't come out of nowhere, wilfred this. came out of a society where there is dramatic historic inequality in income and assets, and an enormous amount of anger over that. there was, there is a grassroots prairie fire to go after the rigged system and the people ricking it that's why it was a national story, because it was about economic justice and the little guy taking on big guys and then having the system change itself to protect the big guys.

>> do you think that is a fair summation of exactly what happened here? it may well be right that the people who made the biggest gains here are the little guy, as you are saying, but the people that have made the biggest losses, are they not quite a concentrated small part of the market that happened to be short a handful of stocks it is not really the wall street establishment that has been taken down here, is it it's just a small focused area and the rest of us are all just observers? >> i think the rest of us are just observe he is, ilfred but i also think that the people who were short this stock actually are big players the people who came in to rescue them are big players the system itself, through robinhood, changed the rules to broke them and the anger over that is very much about a broader anger in society about a rigged system. as you know, high-speed trade be has been in place for a long time

it is basically a way for big players to clip everybody else this the market and no one has ever done a thing about it so i think you have got look at a bigger picture this isn't just a small little part of the market with a couple of groups you knnknow in conflit this is really about a society where people are furious you can see it politically you can see it across the board. why did aoc and ted cruz beth agree something was going on here it is a sorry about populism and little guys in a society that's really unfair trying to strike back. >> because both of them are trying to make the story about populism and about the wealth inequality, tom. it is coming from an unlikely source didn't you become a billionaire running a hedge fund that rigged system served you well >> when i was running for president, sara, i was pushing for a wealth tax

the reason i was pushing for awell tax is because the system as it stood that benefitted me i thought was profoundly unfair. i was saying in effect, tax me more i understand this isn't right, and it is not supportable. and we need to change the rules of the road so that the average american participates much more fully. that's really what this is about. and when i was running for president, i was saying a lot of things that would -- you know, the idea of paying more taxes. most people don't say that i said that because it is important to understand. i get it >> this idea of a wealth tax that you just brought up, elizabeth warren, the senator, also brought this up on our show in a conversation a few days ago talking about robinhood and the retail frenzy. i am not sure how a wealth tax would curb the influence of large hedge fund investors rigging the stock market as you claim. why are you linking these two issues >> i am linking them because it

is about economic justice. the background, the reason this prairie fire took off was a backgrounds of decades of increasing and very unjust economic inequality in our society are all of the gains of society were going to the richest people so the reason that i was talking about a wealth tax is the status quo is not establishible in exact what we see and what we saw in this case is the status quo, the people running to act to preserve the status quo in fact, we need to understand there is something here that is very unfair and it really can't last and i think the big job of the biden administration is to convince americans that government can work for them again. that's why you know, it's real important for people like me to say, look, this system isn't right. i have benefitted from it. i want to change the system in ways that will hurt me but will

make the system much more stable, much more fair and will give the average american a fair share again. that's really what this -- why this was a big story that's why they are linked that's what i have been trying to say. >> of course a wealth tax has broader implications than rectifying what mistakes may have been specific to your industry where you made your wealth, had in the rigged system that you referred to, may have repercussions as well by driving other wealthy people out of the country. we will put that to one side, tom. i wanted to go through what you have alleged throughout tharks last week, the system was rigged as it ult related to the small trader who wanted to be long game stop. can you outline specifically which names, which companies were rigging the system and the evidence -- because, tom, with all due respect we have gone through this topic ad nauseam over the also week and it is very clear from the interactive

brokers of this world, the robinhoods of this world, they say the only rebound they had to halt this was margin requirements they had to hold more capital and the trades went through the roof and he this weren't ready for that a lack of foresight to have enough capital suspect necessarily a rigged system. >> i take your point in fact, what happens, there was a change here to disadvantage these on line small traders n. a system -- look, i spent decades as an investor, including in public stocks. and i notice that there is a lot of emotion in the market and things move to extreme and there are lots of things in this stock market that i think have extreme valuations. but in this case, the rules actually changed to disadvantage small investors at a time when there is a direct conflict with the titans of wall street and then back to me, that sends a

signal that when the elites are threatened they will change the rules to protect themselves. that's why i mention that no one has ever changed the rules about high-speed trading n. 2008 the system protected itself. it bailed out the big banks not the shawler players. that's exactly why it is really important for people to get a sense that the system is actually fair, that everybody plays by the same rules. when there is a conflict, the rules aren't changed to protect the insiders that's exactly why it is important. >> gary beginzler has a long too list when he gets in tom thank you for joining us tom steyer. just 40 minutes left of trading. looking at the market, we are near session highs, dow is up 283 points s&p is up 1.7% all sectors are higher but technology is the best 3678er. it is why the nasdaq is surging more than 2.5%

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nike creating a lot of buzz today with the launch of a new sneaker called go fly. it is the firstans hands free shoe it doesn't have laces.

it snaps around your foot when you put it on. it snaps on tight. there is also a kick stand to help you put it on corroboration saw sales explode more than 60% last year. the clogs have been a hit in the stay-at-home comfy wear trend and thanks to collaborations with celebrities like corroboration, nike with this new release says it is for casual every day wear great for pregnant women who can't reach down to tie their shoes can the idea came from an in-house competition. >> we were inspired as well by our teammates over in asia who take on and take off their shoes as a commonplace courtesy throughout the day then of course in these quid times we are very much aware of keeping our hands clean and not wanting to touch dirty surfaces.

so if we can find a way that you don't have to touch your shoes that's a benefit as well. >> nike stock is up almost 40% over the past year versus adidas, which is down over that period its strong brand and fast growing business especially in china helped nike weather the pandemic much better than its competition. but as the world emerges from the pandemic hopefully in 2021, it is innovations wilfred like this one that will determine whether the stock gains and the market share growth nike has seen will continue what do you think? >> i love the idea of slip on, for sure, it doesn't look great to me on the surface but i am not a person to judge that it only almost proves it is going to do well it is taking on corroboration, all the rest it is about ease and conversation. >> vans. comfort, convenient. they are taking it to the next level by trying to make it site

around your foot which is always a thing especially like with vans especially for people with favoro feet like me. >> gop lead remembers scheduled to meet with president biden to discuss stimulus we will talk about that with rafael bostic. the white house bets on at home covid testing kids. we will speak with the ceo of that company. a check on bonds 1.07 for the ten-year as we stand. we'll be right back.

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time for a cnbc news update with kourtney reagan >> hi whistle. here's what's happening at this hour as the snow continues to pile up, new york governor andrew cuomo declared a state of engine in new york city, long island, and several counties to the north. some areas are brace forth 22 inch bias the end of the storm. the cdc says more than 32

million covid vaccinations have been done in the u.s that's 1.1 until more than was reported yesterday nearly 6 million people have gotten both of their shots. in washington, house democrats introduced a resolution to remove republican representative marjorie taylor greene to her two committee assignments in response to her inflam terry and false statements. and saved by the bell star dustin diamond has died of cancer just three weeks after being diagnosed. best known for his role as screech on the '90s sitcom, diamond was also a stand up comedian and reality tv star dustin diamond was 44 years old. sara, back over to you screech. that's such sad news thank you, courtney reagan. >> it is. >> we have got just about 30 minutes to go before the bell. look at where we stand in the markets. keep in mind we are coming off of the worst week for stocks since october. dow is up almost a%. s&p up 1.7, nasdaq surging 276%.

game stop is down. big cap tech stocks are higher, every sector higher, too after the break, shares of streaming service fubo tvr also rocketing higher after wedbush pumped their stock higher. we will talk to the analyst behind the call next 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 and $0 commissions for online u.s. listed stocks. don't get mad. get e*trade and start trading today. labradoodles, cronuts, skorts. (it's a skirt... and shorts) the world loves a hybrid.

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dow is up 243 a potential new breakthrough in access to covid-19 testing the white house announcing it reached a $230 million deal with an australian medical diagnostics company called elum to boost manufacturing of its at-home covid-19 test. joining us for a first on cnbc interview is meg tirrell with dr. shawn parsons the founders and ceo of ellume. >> thanks sara dr. parsons thanks for being with us. we understand as part of the deal the u.s. is procuring 8.5 million of these tests sometimes before the end of this year. how can a regular person get one of your tests in the u.s.?

>> hi, meg, great to be with you. we really appreciate the support of the u.s. government here. we will be building a big manufacturing facility in america capable of prougs over 500,000 tests a day. those products are going to go partly to the u.s. government through the department of defense and the remainder of those products will be available to the u.s. public through retail channel through pharmacies and supermarkets and so on. >> i see so what i understand from the announcement today is that essentially the u.s. will be getting about 100,000 tests per month between february and july. are those tests being controlled by the u.s. government under this deal with you and then it would be as you get the u.s. manufacturing capacity on board that regular folks could buy the tests? >> the u.s. government -- that's correct. the u.s. government is buying 100,000 test as month from february through july. that's a small fraction of our

manufacturing capability from our australian facility, which is on track to be at over 200,000 test as day by the end this quarter the remainder of those test tests will all be coming to the u.s. so the u.s. government is only buying a small fraction of the tests which we manufacture here in australia then as we get the u.s. facility on stream in the second half of this year we will be looking to supply the remainder of that 8.5 million or 7.9 million to the u.s. government. -- problems with all these tests, dr. parsons, it's sara, has been relying on their accuracy what sort of sensitivity levels and specificity levels have you seen on your products? why has it taken a year to get an at-home test with no precipitation that is reliable a year into this pandemic? >> yeah. so we have unique core technology inside our tests. so this is the test analyzer

which does all the processing of the sample it is a single-use high performance instrument that's built in here that's able to give an accurate result. in the studies we performed in accordance with the fda guidance we came out with an accuracy of 96%. pretty good. second arc long time -- it's taken a long time because developing this new diagnostic technology is quite hard an at-home flu test is in the development stages as well put when covid came out, we turned our energies to producing a covid test and manufacturing them is a logistical chall sneepg why now for the rollout here in the u.s. did it have to start with a big

government purchase before you could ship over here which other countries have embraced these tests meaningfully in australia. >> late last year we accelerated our manufacturing facility here in australia what this investment from the department of defense does is enables us to accelerate further our production capabilities and to move to it the u.s. this will be american-produced diagnostics for the american market to help respond to this pandemic but also respond to future panhandle when they inevitably arise >> dr. parsons, it's meg tirrell again. i understand the cost is about $30 a test you know, the government, in talking about it today, was saying they hoped as the manufacturing ramped that costs could come down. what do you expect it could get to as you get to a more mass manufacturing situation? >> yeah, we believe are aware of

and are aligned with the biden administration's efforts to make testing more accessible and available. there is lot that goes into these manufacturing these products reliable and having high performance diagnostics products that can be trust asked relied upon. we will be looking to use the efficiency of scale as it comes on line to have downward pressure on the price point. i can't make any assurances what the price will be. suffice to see we fully understand that accessibility to testing and equity access is an important thing and we will do what we can to fatal tate that. >> dr. parsons, thank you for joining us on the news today shawn parsons, and our own meg tirrell, thanks for bringing us the interview. >> thank you. >> thanks. we have got just about 22 minutes let of trade, check out shares of fubo tv, flying again today. up more than 21% the company is up 80% year to

date this comes as web bush securities raises its price target from $50 to $40 joining us is the analyst behind the call mikate pacter thank you for joining us the whole thing with these retail trading frenzies and short squeezes which fubo has gotten caught up and has significant short interest is that it is not fund lee driven why are you then raising your applies target on the stock? >> to be fair, fubo is a real company, game stop, amc -- they are real companies it is not like any of these -- perhaps amc though, was on the verge of bankruptcy. the math makes sense i read the original wall street bets post and i think it is well reasoned i think it is a warning to shorts, don't short 100% of the shares because you are setting

up the squeeze fubo is a real company there is pessimism that they can't stand out. that there are tons of offerings out there, that they are not competitive. in fact, they have more sports than anybody what makes that a huge advantage is that cord cutters are looking for sports and sports is a natural for incremal ad minutes. especially foreign sports. to the extent they are showing spanish league or italian league there is ten to 12 minutes of ad time they can sell per hour. the company is talking about $20 per subscriber per month that gets them to profitability in a couple of years. the question is how much do they grow it is hard to put a price out there but i think with 30 million cord cutters, seeing them grow to $3 million to $4

million is likely and they have sports betting as a free option. it clearly might pay off. >> they have a lot of sports but it is bringing together other people's sports rights to cable. what about nbc shifting to peacock, their own streaming service and or the likes of amazon buying the rights themselves and taking it away from the cable providers who are looking for a route to deliver they already had via over the top methods? >> to the extent those rights are exclusive, clearly fubo miss nfl football has exclusive rights to specific networks or english premier league if it goes exclusively with nbcsn.

but you are going the end up with multiple he will services amazon is not going to be the over the top solution. i think people will get skinny bundles. i think they will get fubo but you are right. i mean, i think if enough sports migrates away from fubo, you are in trouble that's short thesis, that competition is going to put them out of business. i don't see amazon getting enough bang for its buck on exclusive sports and i think they will be very targeted >> thank you for joining us. much appreciated strong day for fubo. after the break a closer look at the surge in silver and wall street gets even more bullish on tesla that's stories and more inside u n wa lket zone" next yocaalysisten or watch us live on the go on the cnbc app. "closing bell" back in a couple. . but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least

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>> announcer: the "market zone" is sponsored by e*trade. trade commission free today w no account minimums welcome back 14 minutes left in the trading daytime we are now in the "closing bell" "market zone," commercial free coverage of all the action going into close. cnbc senior markets commentator mike santoli here to break down these crucial moments of the trading day. today we have got lindsey bell with us as well. let's kick off with the broad broader markets. stocks rallying, after major averages posted their worst week since october and a selloff on friday the s&p up 1.7%. the dow high was up 350. currently up 260 a little off the highs but a lot of green across the screens. mike i guess the thing to note is last week we did see a similar big bounce on thursday after selling earlier in the week is this another temporary bounce or are we past the risk of

degrossing and derisking that comes with the gape stop's short squeeze? >> i don't think it is possible so say definitively that process is over. i think it was an inverse relationship overnight we saw this big bounce this the s&p futures and it seemed linked to when we got the private interests coming out with a severe drop in game stop the idea that maybe the fever broke and pressure was going to be relieved from the volatile tradings coming from this direction and that allows people to pick up the bigger quality more obvious long term basis that might have gotten shaken out last week. i still look at the elevated volatility index which is saying the market is still on gored for perhaps more of the shaky activity down the road. >> i wonder to what extent this is a earnings story. apple came out with strong earnings last week the stock was not rewarded for

it google and amazon out tomorrow after the bell technology is a big standout today 678 do you think that's what's driving it? >> yeah, i think last week when people were reassessing their portfolios and the amount of risk they had they were taking profits in some of these names, for certain this week it is going to be interesting to see if we see a different story on the back of potentially really good results from google and amazon after the close like you said tomorrow i definitely want to keep my eye on that and closely watch that, for sure so far the earnings season has been really great. about 80% of companies that reported beat eps estimates. more than 60% beat sales estimates. that's a good thing from a margin perspective looking out the the future to me, it tells me the fundamental story is still intact but there is turbulence as the speculation works its way through the marketplace, this uncertainty about the

distribution of the vaccine and then of course stimulus headlines that we have seen more recently. >> mike, if we do start to see the retail trader start to lose faith in the likes of game stop is it possible it hits other stocks that haven't been caught up in the short squeeze but may have rallied hard over the last 12 months because of the attraction of the retail trader? >> it is difficult to say how much these particular stocks, the game stops, the bed bath and beyond and amcs the pure crowded shorts affected the risk appetite of traders. it going to take more than half of game top'sstop's value to bet tells you it is probably more of

a durable source of energy for markets down the road, for better or worse. >> what about silver up 8% today, hitting its highest level that we have seen it trade at since 2013 as the short space frepzy makes its way into the precious metals. on pace for its highest volume day ever mike, i don't get this one i mean you are not going get the same dynamics playing out for a low valued heavily shorted name like game stop in the commodity market, are you? >> no, not for long, i don't think. and honestly, it probably shows new part and a lot of the people that we know on the core red it board are saying this isn't our crusade, it seems like people are trying to harness part of the social media hive to get silver moving. silver is always kind of a hype story a hard money story

there is always a story line why silver should be doing well, relative to gold, relative to anything i think that's why it latched on here sometimes it is in shortage physically, sometimes you can force a little bit of a price move because of a rush of buying and it jumps around quite a bit. it is not even near its recent highs. i think maybe there is room. but it doesn't fit into the template of we have the hedge funds cornered, and if we all keep going we can make them screamhigher that's not the case when it comes the silver. >> lindsey, what's your take, whether it is silver or the broader commodities complex and which ones you want to have exposure to or the various mining companies >> sftc, the commission have come out and said that hedge funds and other investors, they

have a much longer possession in silver, too, so it might not work out so well for the reddit traders who are looking for some kind of a short squeeze. but goldman is super positive on the commodities market i tie that in from what i am seeing just in general from different folks talking about their outlook. the imf is raising guidance for global gdp growth in 2021. that obviously led by the u.s. they raised their u.s. gdp estimate to 5.1% that's two percentage points higher than what they had initially. today we got the cbo expectation. they expect the recovery to happen quite rapidly with us reaching gdp levels prepandemic by mid this year, too. silver a leading commodity when you think about it from an economic growth perspective. definitely an interesting time to be looking at commodities

they should be rising in the early part of a recovery. >> most wall street firms haven't jumped on board the retail trading craze with gape stop, bet bath and beyond and amc getting down grades. tesla still has approval piper sandler raising its high to 1200 up from 515 saying it might be decades before tesla runs out of new opportunities to pursue mike, tesla is one of those companies in the position that it has broken through any challenges it had to its futures a long time ago, raised plenty of capital and it has plenty of runway to give it time to meet toes earnings and give it the current valuation. >> it seems like it has the chance to make itself fulfilling even though their capex has been static even though they want the ramp production. be that as it may, what is

interesting about this idea that they have decades of potential opportunities is it is built on a premise with this valuation where it is right now. the tesla operators are already giving tesla credit that it has decades of opportunities so, you know, the stock was at $900 at the highs, $900 ashare you know, so $300 above that for the price target is pretty aggressive it's 33% above where it peaked not long ago but stock moves in spurts, for sure >> it is on an up spurt at the moment, as usualt weighing in on when travel could return. from robin hayes, the ceo of jetblue. he believes there is pent up demand, people who want to fly again. look at the chart.

it has been trading in the same band width the last three months today they showed us the mint first class seats and pods on the first planes that will be flying transatlantic routes. scheduled to happen in the third quarter. today robin hayes was honest in terms that this market is weak and he is wondering when it starts to turn around. >> i am surprised that we are nearly a year into this and we haven't really seep any material recovery yet and if anything, things may get worse again before they get better >> as you take a look at the other airline stocks, not a whole lot of movement for the lanes today, guys. the bottom line is this, almost all of the ceos are saying that in the springtime in the second quarter as we see more vaccines distributed, as you see the case levels drop, that's when they believe that you will see more people flying. back to you. >> phil lebeau, thank you very much my lindsey, does that jibe

with wall street's view of the stock, when they are expecting any kind of meaningful recovery for these airlines, second quarter? >> i think a lot of the airlines are 20, 30% off of their prepandemic highs. like phil said if you look at the jets etf or even a lot of the other stocks they haven't done much in the last couple of months i think investors are sitting and staying put waiting for the numbers to get better, the traveling numbers to get better, the distribution of vaccines to get better, more clarity, what it is going to look like traveling in the future, do you have to have verification on your possible part that you have sake ten vaccine there are a lot of unanswered questions. i believe the engine ral consumer is ready to get back out there and travel and spend some of the money they saved over the course of the last year but as far as the stocks go, i fell like they are going to

trade sideways until there is more clarity on where -- on when travel is going to pick up. >> mike, american is one of the beneficiaries of the recent short squeeze. should be celebrating. but in fact a lot of people were short its stock. >> it enabled them to raise more capital pretty cheaply, even if the stock didn't hold its gains afterwards one thing to keep in mind with a stock like american, because they have had to do so much capital raising and there is a debt load, equity value and debt together is basically where it was before the pandemic. yes, the stock is down in nominal terms per share but they have had to do so much capital raising it is almost as if as a financial entity they were as big as they were when we had twice as much air travel going through the system it definitely is a little bit -- maybe there is going to be a recognition moment down the road to say maybe these stocks have done better than you might have expected and the companies have

been able to finance themselves in a more advantageous way than anybody would have thought just a few months ago. >> just over two minutes left, mike, 220 or so. what's standing out on the internals. >> inside the market there are three or four times more stocks than down across the market. so volume also skews in this direction. remember some of the big lower priced story stocks that have massive volumes like amc were skewing the market value look at the game stop effect on amazon versus the retail etf it is an interesting toggle for dynamic. game stop was up so much it represented 20% of what is supposed to be an equal weighted xrt etf. amazon one of those big secular growth stocks that is now a beneficiary of some of the bying

and the shakeout that happened last week. the market is on stronger footing. we have had gains in the indexes though still hovering around the 30 mark. the vix future is in an uhl elevated position looking a couple of months out down three points off a high sometimes people say that's a sign things are getting firmer in terms of traction in the market >> we have got just over a minute -- over a minute left of trading here look at where we stand technology rules the day but everybody is higher. there is the dow up 244 points or so. we were up well north of 300 earlier this hour. signature a strong rally msg a gainer, walgreens walmart and verizon the weakest. technology and communication services the sectors up at least 2% real estate also up more than 2% energy doing well today. financials having a more than 1%

gain on the s&p. industrials. you have got value and growth working today. look at the russel 200 index of small caps up 2.5%. it is surging. this breaks a five-day losing streak for the small caps. keep in mind the small caps were higher in the month of january while the overall market was lower. there goes the bell. it looks like we have got four strong closes across the major averages technology, though, and small caps are the biggest winners with the naktsds nakz nasdaq up 2.56%. so is the russell 2000. >> welcome to the "closing bell." i'm wilfred frost along with sara eisen and mike santoli, cnbc's senior markets commentator. up on the s&p. up 230 on the dow. off the high of the session, which was 353, still god for .8% in gains for that index. 275% of gains for the nasdaq all three incessese comfortly off the lows of where futures opened last down, which was down

about .7%. s&p closing up 1.6%. coming up an exclusive interview with rafael bostic lindsey bell still with us and omar aguilar joins the conversation mike, i will come to you first in terms of where we finish. i guess it is a reminder to go back to the overnight action which was sharply lower and the fact that we were perhaps expected to continue on with the selling trend of last week, last month and last friday. >> obviously a good bounce for the s&p 500 although it trailed off over the course of the last hour or so and regained about -- roughly half of what was last last week in the broad markets so i think you could say the pressure came off from a lot of the high volatility moves in some of the smaller stocks that was getting those sort of risk alarms being sounded in hedge

fund land. but i think we also have to remember that even before we started talking about game stop every day you did have a market that seemed as if it was ready for a pause or a pullback based on positioning and sentiment so it is up clear whether it is strictly about the moves in some of the smaller stocks. by the way, second day in a row game stop close-on-a perfect round number >> what are you suggesting >> 225, 325. >> it is just a big number $100 off omar, what are you seeing at schwab in terms of retail activity right now >> we leave the activity as it was before it is less pronounced as it was before i think people started to just look at earnings we are in the middle of earnings something. people look at the ma row in data, the manufacturing data, that is positive people think about the sources of volatility that have come

through the first monday andthrough the first week of so far in february. i think as investors to start just realize there is volatility and look at what are the real source of long term investments possibilities. >> mike, interesting to see the vix close down by 10% or so. for ages we were talking about will it close below 20 and that would be a bullish sign. is 30 the new 20 and dropping below 30 is a bullish sign here? >> three points is a decent move to lose in a single day but it is not definitive at this point. it is still very elevated. i think we were at one of the highest levels of the vix last week for being within 5% 6 an annual time high if you have a weekly decline of 5% usually the volatility markets can absorb that without necessarily spiking the mix.

i think that tells you people are trippy about protecting gains and balancing the portfolios i think the wild activity in the options market has kept professionals more on guard about the possibility of short-term moves in both directions and not just assume it is going to be a slow, clockwork market >> omar, i feel like the market is indecisive about whether its growth or value. at the ends of last year it was the value in cyclical groups that shined the brightest. this year, technology, facebook, microsoft, and apple google and amazon reporting tomorrow which streaming are you telling clients to go into maybe it is both >> it is exactly right it is the perfect time for the barbell strategy although i think there is more than just barbell. as you mentioned we started the

cyclical rotation at the ends of november last year and it was very clear how value stocks start towed do very well so far energy has done very well in this year and other sectors that are more traditional value. if you actually think about what may come down the pike in terms of technology leadership, those companies tend to generate free cash flow and their yields are attract i. we are seeing a phenomenon here that is interesting, probably mostly related to the low interest rate environment that is allowing technology companies to continue to lead the market if you actually just think about what that means what that means is people will still have video conferences. people will still use technology for many things in business as well as personal therefore it is allowing those companies to generate cash flow and earnings per share growth. >> lindsey, we mentioned how the banks and the likes of microsoft didn't rise after reporting very

strong earnings but at the same time it was a crazy month arc crazy of couple of weeks that we were reporting into in january if that continues for the rest of earnings season will it worry that you the market is fully valued. >> we came into earnings season, this year w the stock market up 17.5, 18% going into the start of the reporting period. that's a very swift move in a very short period of time. while these reports were not just good, they are better than expected, you would want to see the stocks move a little bit higher it is almost understandable that they haven't what is interesting is that for the s&p 500 we have seen the stock move about a percentage point lower on the back of these earnings reports you usually see them move higher it doesn't matter if they beat on top and bottom lines. on average you saw the stock down now the sectors that have

actually hung in there better have been the tech secretarior and the health care sector we have seen them reporting better results but believe it or not, the reaction, the overall stock reaction -- you can name a few that had bigger moves have been flattish to slightly down in those sectors. we are going to get a lot of health care companies reporting this week init is going to be another one that's really important to watch to see how investors are feeling from a defensive standpoint as well omar, do these companies have to put out guidance yet is the market still going to be tolerant of no guidance because of a lack of visibility because of covid-19? i know we have started to get it from a handful of companies. >> it is hard to know. i think when you start to think about the possibility for reopening of the economy, there has got to be a little bit of an

outlook of how these companies adapt to the new world and i think with that, the guidance related to the earnings they may come and eps growth there is hype around whether that may come in the second part this year especially as the market assumes that vaccinations will basically reopen the economy towards the second half of the year. >> well, the other question that's going to impact that is stimulus a group of ten republican senators are set to present president biden with a $600 billion stimulus compromise bill ylan moi has preview lower than his price tag of $2 trillion >> that's right, sara. they are going to be making their pitch directly to president biden at the white house in less than an hour and he will be arguing that their bill could pass quickly, and with bipartisan support. it is about a third what have biden proposed the official price tag is $618

million billion and cuts the amount of funds forth schools, jobless benefits and direct checks which would now be $1,000 sin stead of $1400 it doesn't include government aid or funding for state and local governments. on the senator floor chuck schumer said the only thing they cannot accept is a bill that is too small or too narrow for the scale of the crisis that we are facing for now the house and the senate filed a joint budget resolution. that is the first step toward being able to pass the bill without any republican support and for the full $1.9 trillion that biden proposed. >> ylan moi. thank you very much my lindsey, what do you think the market has baked in here as far as more stimulus and how much more in is it the $2 trillion? is that already in the market?

would that be a surprise >> i think the market is pricing in something close to the $1.9 trillion i am surprised the market anti-reacted to the news today on the stimulus package. look, you have got to go back to the summer of last year. the market has been trading up and down very significantly based on the news headlines that we get on the stimulus today we are kind of getting no reaction or the opposite reaction than you think you would get. this is still going to be a very important indicator. but when i think about the consume e i have been talking about this since september of last year, they are cash flow positive, they are in a person financial position than we were going into the pandemic. they have more cash in their checking accounts than they did prior to the pandemic and there is pent up demand that they want to spend so i think it is prooush prudish for the government to focus on targeting those who do need the

stimulus most importantly, or most necessarily in the next bill they pass. >> omar, do you think this all means the dollar continues to weaken >> yes, i think the short-term and medium term outlook for the dollar is that you know with the stimulus continuing to be where it is, with the fed staying put with the low interest rate guidance there is -- yes, obviously the dollar will continue to be on a probably flat to slightly down over the next few months. but provides that extra piece that actually is good for the economy. >> we are getting some breaking news here on spacex. and elon musk. he cannot stay out of the news morgan brennan with the story. >> it is just another manic monday here. you are right, we are getting news from spacex plans for the world's first all-civilian mission to space announced today. this is a mission that issing with targeted for -- this is a

mission being targeted for the fourth quarter this year it will take place from kennedy space center's historic 39a launch pad it will be commanded by the chief executive for shift for payments, the payments processing company that went public last summer and through which isaacman became a billionaire. it looks like the other three seats are going to be donated alongside him to crew members who will be selected to represent, it says the mission pillars of leadership, hope, generosity and prosperity. this is being called an an spiration for -- still going through the press release. it will involve spacex's crew bragson which was just certified by nast back in november and through which nasa governments and other astronauts have been

going to the international space station. they had a big test flight, first crewed test flight last may. it is quite a bit of news. it speaks to spacex's moves to not only be sending government stroh flauts to space, but also civilians and also space tourism. what this means, sending civilians into orbit from u.s. soil i will continue to dig through the press release and bring you any other headlines. >> isaacman, the founder of shift for payment and elon musk will be on "nbc nightly news" tonight. that is nbc, of course just to reiterate, morgan, why this is such a big step forward it is because what, this is the first time that private citizens will make up the entire crew it is not the first time they have ever gone to space is it? >> it is not the first time we have seen private citizens pay to go into orbit

but we have never seen it done in an american-made spacecraft from answer spoil. this is the first time we are going to see a mission take place with as you said an all-civilian crew. isaacman -- perhaps it is not surprising that he's the person that would be doing this because before shift for, he had actually created what was to become at the time the world's largest private air force as well so this is a man who i think is somewhat of an adrenaline junky and has his own piloting skills for which he has received records, for some of his flights. i will get more details and bring them to you as we get them very notable for spacex. a step forward for the commercial crew dragon which represents a key part toward elon's vision of sending people

to space and colonizing mars >> we are seeing a tick higher for virgin galactic as well. thanks for the breaking news and thanks to lindsey and omar for joining us on the discussion. why there is a lot of sell the news reaction to results then, atlanta fed chairman, raf nell bostic on how the current stimulus bilbel ing debated in washington could impact economic growth and a lot more. and in an emergency, they need a network that puts them first. that connects them to technology, to each other, and to other agencies. that's why at&t built firstnet with and for first responders

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mike, does it also bring up the question of even if the economy performs very well in the second half of this year, might that not deliver the type of gains in the stock market that some are expecting? >> i think that's a plausible question what happens was wall street thriving and main street suffered last year you might see this year -- last week's rally in equity values was probably all about the economy getting berm i don't think it has to be a zero sum gain obviously stocks can do fine even if we do expect the earnings numbers to go up. i think you want the look at the path or forecast for coming

quarters that's what you would latch onto to see if we are petering out in terms of the bottom line improvement. >> mike, thanks. most fed fems predict there will be no interest rate hikes until 2023 coming up, rafael bostic explains why interest rates could be rising as soon as the second half of next year. and martha stewart hat? you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila! maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪♪ dana-farber cancer institute discovered the pd-l1 pathway. pd-l1.

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welcome back robinhood still kurve curbing trading in a number of short squeezed names though it has pared book the list and altered various others kate rooney has a look at the fallout for the start-up private broker >> the maximum for game stop is now 20 shares per person at robinhood. that's up from just one share in morning. amc on the list, you can now buy 350 shares robinhood is getting emergency cast from its venture capital investors to help the start-up meet new deposit requirements.

robinhood announced an additional $2.4 billion from partners like horowitz and is a cua. that's on top of the billion they bratt in last week. $3.4 billion for robinhood since last thursday. as far as how we got here, the ceo talked to ealon musk on clubhouse and said they diplomated to deposit $3 billion in deposits saying -- its thanks to people biddings up stocks on social media and all the piling into the same names which subject seem to be going away this week. robinhood is seeing backlash from lawmakers a new class action was filed over the weekend and blowback on robinhood. even if some are leaving robinhood, jmp estimates that robinhood added 600,000 new accounts on friday wilf and sara, back to you.

>> of course, nobody ever wants to be forced to raise capital at short notice it doesn't tend to mean to mean the pricing's on your side that $3.4 billion, does it represent a lower valuation of than the prior round what does it mean for their planned ipo. >> there could be some dilution but the valuation doesn't change as for thecredit limit from banks, you have to factor that in yes, they raised a massive amount of capital. will they have to raise more in the come weeks is it an endless source of capitol or will venture capital investors eventually have to stop giving this company money we don't know if this is the end of the road for robinhood. asked about an ipo that seems to be on ice, on the back burner. robinhood is getting through day to day issues and hour by hour issues and trying to keep

trading on line where it has taken a back seat to near term trading plans. >> rate rooney, thank you. up next, we will dcuisss an outlook for the economy and interest rates with rafael bossic on the other side this break

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snow and wind gusts of up to 55 miles per hour in today's storm. he is urging drivers to stay off the roads. and major u.s. transit units unions and aen group ren representing transportation systems are asking congress for nearly $40 billion in new federal aid. it is twice as much as president biden proposed snoods. the cdc says only a third of nursing home workers got vaccine shots when they were afforded to them in southern turkey a surveillance camera caught the moment when a retaining wall collapsed sending six vehicles over the edge into a neighboring construction site. no one was hurt in the incident. your cnbc update for this hour back over to you wilf and sara. >> kourtney, thank you atlanta fed president rafael bostic and the boston fed

president speaking this afternoon about the state of the uneven labor market warning some communities are in much more precarious positions an others joining us now, atlanta fed president rafael bostic. good to see you. thank you for joining us. >> it is good to be here >> overall, the state of the labor market -- as you know there is a current debate going on on congress about how much more relief is needed. president biden wants to throw $179 trillion at it. republicans for the most part say we don't need that much. how deep is the hole right now how much do you think we need to pick it? >> it hard for me to say exactly what the right number is for a couple of reasons. all the certain certainty we have going on. we have viral transmission happening at different rates with the mutations out there we have a lot of jobs lost

present in the economy and the relief that just went out still has to make its way out into the economy remember, the recovery is going unlike anything we have seen before this is one of the reasons why we are spending a lot of time monitoring and trying to be on the pulse of the economy as it happens so we can give advice to elected officials when they ask us what more might be needed we are doing that right now. >> you have made some headlines recently, president bostic, saying we could see interest rates rise sooner than 2023 if the recovery, as you say, snaps back in a very quick manner. are you still thinking about that in and why are you the only one talking about sooner than 2023 >> i think there are a couple thing here first we wher talking about twa and twou that's way out there and a lot could happen that could go in one way or another

a lot of the recent developments have been positive so we should be open to the nooblt things might happen stronger than they might otherwise. but reality is, what i am looking at right now and spending most of my time on is what is happening over the next six months to 12 months and trying to get a sense of where businesses are, trying to get a sense of how families are weathering the storm, and really trying to get a picture of what do these relief efforts mean and what have they meant for the economy and what will look like in the summertime when hopeful that so much of the vaccine will be through the population. >> what is your view in terms of not necessarily the right level of stimulus checks, but right terms that should be attached to it and i ask that with a slight mindset of the fact some people may well be using those stimulus checks to buy stocks is that the intended use at a time like this >> for me, i -- first of all, i never call it stimulus

i always call this relief. you have to remember, we are not trying to get people to do extra things the main goal for this is to keep people as whole as possible and we know when you lose that many jobs, there are going to be holes to pfill one of the challenges with policies like these always is do you try to be as precise as possible to make sure only those people who have the need to it or do you try to get out quickly to try to fill as much as you can? and if you do that there might be people getting relief who couldn't really need it. you saw what the fed did we acted boldly and went big at the beginning. i think that was the right way to go. i am much more focused on have we gotten relief to all the people who really are in a hole? i think we have done a good job at that. if there are some others who wind up with some windfall, that's a by-product of having to go fast. >> it brings up a related topic which we have been talking a lot about, which is the retail

trading frenzy are you pay attention to game stop and reddit? do you focus on that at all? >> i focus on them by looking at stories that you guys do and talk about through the day look, right now, this doesn't look like something that is front and center for how we should think about monetary policy i think there are big questions that these activities are taking on but they are more on the regulatory side out of our purview. i am sitting and watching it just to learn and observe how the markets are evolving but that's really the extent to which i am talking that at all. >> what about commodities? oil can be stripped out from various inflation measures but it is pretty broad the -- we have seen in commodities silver in the spotlight today as you have seen. but industrials and ago chad

tees have seen inflation what does this do to the expectations of a upside in the months ahead >> one of the things that's really important to keep in mind is that over the last year -- i think this is going to continue the next five or six months -- this will be the tremendous volatility in prices across the board. it is a little less volatile than it was a few months ago but by historical standards there is still a lot of wild swings in prices so i think hard to say for sure what kind of quality signal we are getting in terms of inflation i have a bunch of folks right now looking at this on a day to day basis to try to give me that signal of when the numbers of inflation are really telling us something that's enduring about what the long term price level is likely to look like but i think it is really hard to do that right now.

>> do you think the risk is tilted, though, toward overheating on the economy, given the outlook that is developing for the second half of the year with the vaccine and with more stimulus >> so i am not really that concerned about overheating. i think it is important to remember, we've got -- we are at a large deficit in terms of jobs relative to where we were before so if you think about, you know, our mandate of full employment and price stanbility -- the full employment numbers we have got a long way to go so if the economy runs a little hotter i think that's useful to try to fill up that hole i would remind you -- i probably don't have to remind you in the summer we came out with a new long run framework that said we are comfortable having the economy run a bit hotter than might have been understood to try to fill those employment holes faster and for me, i will just say, it's really not the level of

inflation but much more the trajectory as we move forward that i am going to be focusing on to get a sense of whether the economy might be moving into places that make me uncomfortable. >> given the actions of the fed 12 years ago and more specifically 12 months ago, how fearful are you that there is a mindset now in the margaret that it doesn't really matter how high we push stocks because ultimately the fed will bail us out if things fall again do you think there is a risk out there that that mentality has been created now >> well, i don't know. you would have to ask them i have not asked that specific question about whether people view the fed as the ultimate back stop for every scenario what i can tell you is that i am focused clearly on the mandates of our institution, which is full employment, maximum employment, maximum sustainable employment is how i like to think about it, and a stable price level, which is going to

be something in the range of 2%. but going above that a little more is fine by me that's kind what have i am looking at there is a lot of other stuff that goes on and i do -- i do worry at some point -- or i might worry at some point if there were signs that thing that were going none equity markets were triggering financial instability. but i'm really not seeing that right now. so at this stage i am going to stay focused on the things where we know there are big deficits >> speaking of the mandate, and what you are focused on, president bostic, you have written about the issue of racial inquelt in our economy. certainly the fed reknow are paying more attention to this and we hear the fed chair jay powell talking about a more inclusive growth pass. black history month is good a time as any to bring this up

what if anything can the fed do about the jobless rates without going into politically charged policy, which is not in its mandate. >> there are a couple of things we can do. we have been doing them for a while. i think the change in the long run framework to acknowledge that longer recoveries are going to help african-americans and others who have been historically left behind that's an important new acknowledgment that will change our policy also, many of the disparities have at their root structural things that evolved over decades. i don't think they should expect they will disfather three or four months. but we are spending a lot of time convenings conversations where we are identifying these structural challenges and start to explore solutions to them we are promoting things that have worked that we see across the country. and many folks are working on this

and i have to say, one of the things that has been so gratifying for me is that the federal reserve's engagement in this space has led business leaders across the country to examine their policies and programs and be willing to step up to try to make that change. while i don't think we are going the see change in a month or two since those long standing unemployment gaps are going to disappear, i am hopeful that over the next several years we will start to see labor markets and the economy more broadly work in a more inclusive way i am proud to say that i think the federal reserve will have played an important role in that. >> rafael bostic thank you for joining us today we appreciate your time. president of the atlanta fed. >> been a pleasure to talk with you. still to come, first she launched cbd products for people now martha stewart is introducing cbd for pets we will discuss the fast-growing industry and whether the pet boom will continue after the pandemic. we broke the news of elon

musk's spacex launching a new era of space tourism musk and the man who will be the pilot, isaacman will be on nightly news tonight on nbc, 6:30 p.m >> look at how space stocks are reacting to the news virgin galactic getting a boost there, up 20% or so in after-hours.

just want to quickly mention virgin galactic up 5% in after-hours trade. earlier we had the actual day's trade, up 20%. but up 5% in after-hours trade. breaking news on a new spac. >> play studios a company that offers play for free games and apps on social is going public via acies.

it values play stood at $1.1 billion. it will help them expand their product line but these customers are sticky when they go to mgm resorts they s spend a lot of money there, so lucrative rewards could be at play here. tomorrow, jim murren and play staadtio's found letter join me on the exchange. >> thank you, contessa brewer. >>ar mtha stewart officially expanding her cbd footprint. she joins us right after this break with her new product line. umm... what...its...um... you alright? [sigh] [ding] never settle with power e*trade. it has powerful, easy-to-use tools to help you find opportunities, 24/7 support when you need answers plus some of the lowest options and futures contract prices around. don't get mad. get e*trade and start trading today.

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for the long term. osteo bi-flex, find our coupon in sunday's paper. welcome back she's america's first self-made female billionaire now the lifestyle guru, martha stewart is on a mission to help you and your pets relax. she partnered with canopy growth for a line of cbd products for pets and jones us now in a first on cnbc interview. good afternoon, thank you for joining us, martha. >> you are very welcome. i am excited about the new products for the dogs. >> we are very excited to hear about them i know it follows your cbd products for humans. my first question on this is whether they need to be prescribed by a vet for pet use or whether it is purely up to the discretion of the pet owner? >> i think it is more up to the discretion the pet owner many veterinarians are not yet

on the cbd wagon as many doctors are not yet on it. these are mild these are useful they have been tested extensively by the canopy growth corporation and by others of course we have three kinds, one for calm, which is for dogs with anxiety. one for mobility for older dogs probably with athletic problems or hip displaysias and thing like that. and one for general wellness just as we take a gummy. these are some of my valentine's gummies, wilf. isn't that a pretty package? >> a very nice package i'm also not on the cbd wagon yet. not sure i ever will be. i will pass on those, i would opt for a battle of champagne instead. but please continue. >> okay. we have been working on this product for more than three

years. they are veterinarian test they are efficacious they have small amounts of cbd, just enough to -- different size -- we have sore for small dogs and some for larger dogs, by weight. they are being very well received in the marketplace. these are being sold in many, many different locations now i am very anxious to see how they will do over the next few years. >> as you referenced martha -- it's sara -- this isn't your first cbd product. i wonder how the business is going. you joined canopy growth as an adviser well over a year ago. >> yes. >> how is it going relative to your expectations? is that changes now that we have a democrat-controlled congress as far as how big this could get if we do get federal legalization. >> more and more states are voting in cbd products

we are now in edibles with our gummies. my gummies by the way with the mess gummies out there they don't chase like gummy bears. they are not chewy these are like the french pot l based on delicious fruits like black raspberry, calamondon oranges, myers lemons, passion fruit. they are extremely delicious and 20 milligrams each of cbd. they're meant to relax they're meant to help you, too like these will help your dogs, my edible gummies for humans are meant to relax, to soothe, to set your -- get that edge off your life. the last year has been tremendously difficult for so many people and a gummy or two

helps with that kind of chaos that we've been experiencing. >> you are very convincing you're getting me closer to getting on the wagon, martha you mentioned the last year. it's been crazy for all sorts of reasons and i wanted to broaden out and ask what level of engagement you've seen across your platforms, your sizeable platforms with all the trends that we've been experiencing, including, of course, many more people cooking from home >> well, we are -- we are anchored in the home my business, martha stewart living, has been centered in the home for 30 years now. we're celebrating our 30th anniversary with our magazine "martha stewart living." we have thousands of different products in different retail locations bearing the name martha stewart they are our designs they are very, very well-liked by millions of customers and we have had a good year this has been an extraordinary year for everyone, but cooking,

home making, redecorating, making home more comfortable, just think i'm sitting in a room that used to be a dining room. now i have a luxurious sitting room to sit in and do my zoom calls, and i feel really nice in here my plants are all around me i grow the stuff on a farm i live on a farm so for me it's been very, very pleasant, even though difficult, but for people in small apartments they're getting some pleasure out of cooking new things and trying new things and looking online for all the products that they need for their home. so it's been a very interesting time for home-centered companies like ours. >> well, martha, thanks so much for joining us and sharing news of the new pet product and hopefully see you again soon >> thank you so much alphabet and amazon among some of the big names reporting earnings tomorrow. up next, the key themes to be watching out for

today is also the first day of black history month and we're honoring some of our cnbc contributors here's cnbc contributor tiffany mcghee with her personal story about taking risks. >> when i was about 5 years old my dad quit his corporate job to be a entrepreneur. the next day he went and sold hats and gloves on a street corner he taught me how to take risks with the lost of my new firm, i'm the first african-american woman to have an investment advisory cio firm in the country.

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amazon and alphabet and a rngs torr big names reporting eainomrow. what we'll be watching for when "closing bell" comes right bac

. stocks close out their best day in ten weeks today we've got a number of big earnings tomorrow. on deck, pfizer, ups, exxon. after the bell is going to be exciting alphabet, parent company of google, amazon, chipotle how about amazon which has gone nowhere the past few weeks totally flattish to down today shot up more than 4% what's the setup >> it has been a bit of a laggard. a few percent off its highs. i think that's going to be the one that's most widely watched because there's the greatest

potential of a swing the company is always growing so fast and doing so many things and doesn't have a great handle on guidance. alphabet very interesting. been a pretty goodperformer an has had a valuation hold up. we'll see if that gets redeemed. >> both, of course, up nicely, 3 or 4%. not much down of course today other than the likes of gamestop down 30% much more analysis on "fast money. that does it for "closing bell." and i am brian sullivan in for melissa lee tonight and this is "fast money." your trader lineup on this big monday show, tim seymour, dan nathan and pete najarian tonight on "fast," announcing ground breaking plans for the first ever all civilian space mission for the end of this year he spoke exclusively to nbc news we'll bring you those comments ahead. a developing story out of d.c.

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