it is 5:00 a.m. at cnbc global headquarters, and here is your top five at 5:00. futures pointing towards a higher open with wall street trying to turn its best week in since november. johnson & johnson filing for fda emergency use authorization for its covid vaccine. ford motor becoming the latest auto maker to announce bigger investments in electric and autonomous vehicles. shares of snap dropping this morning on comments from the company about the coming year. and it is super bowl weekend, we're going to talk

commercials, betting and the big business behind the big game, it is friday, february 5th, 2021, and you are watching "worldwide exchange" right here on cnbc i'll always get fired up by van halen in the morning i'm dominic chu in for brian sullivan your money, stock futures indicating a nice modest opening bell higher. the dow jones implied higher by 100 points, is the s&p higher by 12 points, and the nasdaq higher by 36 points implied, here's how the major averages stand for the week all of the moves leading up for the dow up 3 1/2% so far just this week, the s&p up over 4%, and nasdaq is up 5 1/2% as well. so a good week it could be the best week since november and don't forget, it's also jobs friday today the government payroll report is

due out at 8:30 a.m. eastern time forecasters predicted the academy added 50,000 jobs last month after losing 140,000 in december the unemployment rate stays at 6.7% it's been there for months now at this stage. with all of that in mind and the expectations there, let's take a look at the treasury bond market we are seeing ten-year treasury yields, higher, 1.14%. we have been trending that way for the last several weeks the long bond at 1.93% the short end of things, the two-year treasury note, a tick lower, 11 basis points let's now go worldwide with the asia trade, as you can see there, a bit of a mixe nikkei in japan up 1%. as for the trade in europe, a bit of movement to the upside, modestly so. the german dax up 1/4 of 1%, and

the ftse 100 in the u.k. is up 1/10 of 1% at this stage here. in corporate news this morning, johnson & johnson officially applying for emergency use authorization or eua from the fda for its covid vaccine. last week, the company released data showing the vaccine was about 66% effective in protecting against the covid-19 virus. robinhood lifting trading restrictions on shares of gamestop and amc this comes a week after the trading platform limited trading of 50 volatile stocks that were heavily shorted. right now, you can see gamestop in the premarket trade, $61, the trade there up 14% right now and treasury secretary janet yellen met with top financial regulators late yesterday to discuss the retail trade frenzy surrounding many of those aforementioned heavily shorted names. a treasury department spokesperson says the regulators will continue to look at whether the volatility of those stocks

and the brokers responses are consistent with investor protection and fair and efficient markets. that's a direct quote. now back to the markets, joining me, essex investment management cochief executive officer and senior portfolio manager, nancy trial, thank you very much for being here right now have you been worried at all with the market the way it is o right now, seeing everything you have seen with the heavily shorted names, could it be symptomatic of a market perhaps near the top. >> good morning, and thank you very much for having me, dom you know, although we certainly see some level of speculation in the market, and there's certainly some pockets of over exuberance, particularly in some of these robinhood names, we don't think that this portends a systemic risk to the market overall, and in fact, at some level, whistle're very excited e the increased participation by individuals in the stock market, something that has been sorely

missed for a number of years. >> is this the type of participation that you want. i mean, when i was growing up, i'm not that old, but i'm also not young either i'm gen x and i was raised to keep putting money in the 401(k), look at index funds, get rich slowly. what does that say about the new paradigm for investing and trading if this is the kind of thing we can expect to see going forward? >> i would agree that it is very important for individuals as well as institutions to recognize that fundamentals matter, doing your homework matters. we believe that not paying too much for growth matters and that getting rich carefully as jim cramer would say, may be a more prudent long-term strategy than trying to get rich quick having said that, however, there's a lot of room in the market for a lot of different types of approaches, both on the individual and the institutional side and if people have some money that they want to speculate with

to take a risk, particularly on stocks that maybe are very deep value stocks that are really out of favor, or on stocks that are very exciting, open ended, brand new growth opportunities, that's okay as long as you don't risk more than you can afford to lose. >> it sounds to me like you're talking about that acronym, g.a.r.p., growth at a reasonable price. those are the types of things that fund managers have talked to their clients about for years now. is there still the ability at this market level near record highs, at record highs for certain indices, to find growth in the market at a reasonable price? >> there actually are tremendous opportunities to find what can be called growth at a reasonable price. what i actually like to call growth stocks masquerading as value or less well exploited stocks part of that is because when you look at the benchmarks, what we see is a great deal of concentration in some of the very narrow areas that have been

the beneficiaries of the pandemic, or that have been clear beneficiaries of some of the digital transformation, ev, some of the most exciting parts of the market, but under representation, in places like consumer hardware, consumer discretionary, industrials, chemicals and things like that we think if you look in the less well exploited areas, and particularly if you look for companies that are benefitting from the big growth trends, so maybe a semiconductor company or semiconductor equipment company like i corps holdings that will benefit from reshoring of manufacturing and the pervasive inclusion of semiconductors in all kinds of internet of things, internet at home, connected cars, car suppliers that can benefit from the move to evs, things like that can find places where there is growth that really is not yet fully reflected in the price of the stock. >> if you look at the way things

are setting up right now, nancy, the way that we have kind of gotten to this stage has been through many different iterations of a kind of growth or value orientation we have kind of guy rated between the two. knowing what you know right now, if you take a look at this trade, is it the pandemic recovery trade that continues to play out are we looking at some of these cyclical type places in the marketplace, beaten down energy stocks, industrials, small cap type companies or are we just going to go back and say, hey, you know what, big tech, mega cap technologies always worked, that's where i'm going to go towards now. >> so we actually think it's going to be in the middle. the big cap technology companies have very good businesses. we do think that they are likely to under perform this year on a relative basis just because the expectations are very high, the growth rates are high last year, the comparisons are going to get more difficult, and we have certainly seen that with some of

the reaction to some of the earnings, although the earnings have been great, the stocks have not reacted as well. on the deep value side, it's very important to find companies where the business model is not challenged where you're not seeing a secular decline, you know, the old story, you don't want to buy buggy whips after the car has been invented. you want to make sure you're not investing in the companies the companies in the middle, though, back to the growth at a reasonable price or under valued growth stocks is where we think that the market will shine this year, and in fact, if you look at what happened in january, particularly in the small cap space, what you saw was factor that was the leading factor in that month were in fact, those stocks in the middle that are good growth companies selling at reasonable valuations. we also think this year portends very well for small cap stocks we had a great small cap quarter in the 4th quarter but one quarter does not make a cycle. we think we are potentially at the beginning of a multiyear cycle of small cap out

performance, driven by valuation, driven by under exposure, particularly by institutions into the small cap stocks, and driven by an improvement, a steepening of the yield curve and the potential for a reflation trade. >> reflation is a word that we're hearing a lot about these days nancy prial at essex thank you very much for joining us have a nice weekend. >> thank you. now to washington, d.c., president biden is expected to deliver remarks on the economy later on today tracie potts joins us with a round up of the big things to watch for in our nation's capitol. happy friday morning, tracie. >> happy friday morning, dom good morning, everyone, a couple of sources familiar at the white house tell us today house speaker nancy pelosi and a dozen democrats are will sit down with the president to talk about this covid relief bill and how to help the economy recover. >> rooted in america's most -- >> president biden speaks on the

economy hours after a new jobs report shows how many americans are unemployed the senate's been debating covid relief all night >> this amendment is designed to say let's put american workers first. >> mr. president. >> the solution sounds so simple and it's simply wrong. >> reporter: trdemocrats in chag allowing republicans to object now so they can improve a bill without republican support later. >> this is not the time for trillions more dollars to make perpetual lock downs and economic decline a little more palatable. >> reporter: the white house says president biden will not reduce stimulus checks from $1,400 but may agree to send them to the neediest families. >> we're fine with that idea what we're not going to do is leave out large swaths of the middle class. >> reporter: the senate's also preparing for former president trump's impeachment trial. >> the trial will commence on tuesday. >> we'll see if it's going to be

a senate of courage or cowardice. >> democrats prosecuting the case call that evidence of guilt. one of mr. trump's lead lawyers says they're pulling together a witness list and will argue it's unconstitutional to try a former president. they're expecting the trial to last a week. now, the white house says next week they're going to keep the president busy with events on the pandemic and the economy as if that trial isn't even happening, dom but it certainly is, according to one official, they just can't wait for it to be over. >> a lot of stuff. a lot of variables happening right now, and the narratives, cross kucurrents all over the place. tracie potts in d.c., thank you very much, we appreciate it. peloton has been a stay-at-home stock winner of the last year but shares are

sinking, we'll tell you why. other big winners and losers, you can see in the s&p, news corp. up 7%, activision blizzard up 6%, and some of the premarket losers, t-mobile, fortnet down 1/2% as well. stay tuned, when "worldwide exchange" returns after this break. i opened a sofi money account and it was the first time that i realized i could be earning interest back on my money. i just discovered sofi, and i'm an investor with a diversified portfolio. who am i?! i refinanced my student loans with sofi because of their low interest rates. thanks sofi for helping us get our money right. ♪♪

welcome back to "worldwide

exchange." in corporate news this morning, ford reporting a loss of $2.8 billion sales fell shy of analyst estimates but investors are focusing on ford's push toward electric vehicles. it plans to spend more than $22 billion through the year 2025, double what it previously announced for ev development those shares you can see up about 1/2 of 1%. snap is reporting a bigger than expected 4th quarter net loss still though revenues jumped 62% beating forecasts. daily active users on the snap platform rose 22% to 265 million. but snap is warning a new privacy feature in apple's ios software which could allow users to opt out of tracking could present a risk for advertising remember, facebook is talking about the same type of thing snap shares down 7% premarket. evan spiegel will be on "squawk on the street" in an exclusive interview later on this morning. 11:00 a.m. eastern time. a must watch interview there peloton topping $1 billion

in quarterly revenue for the first time, but shares are lower as you can see by 7% roughly there. as shipping costs and other investments really help to address severe wait times and delivery delays could weigh on results this quarter keep an eye on peloton shares as well. still on deck, the ceo of fin tech, on the big trend of buy now, pay later why his company is advertising in this year's super bowl. stay tuned today's big number, $2.09 trillion that's the total amount of currency in circulation as of january according to the federal reserve bank of st. louis. a 16% increase over the prior year

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online and took advantage of payment installment services like klarna. joining us is sebastian simakowski, ceo of klarna, how much has online shopping driven your business at klarna. >> obviously during covid, it's obviously a tragedy in many ways, and for us it's been a massive accelerator, and we have seen such tremendous growth in it, but not only that, i think also the other very interesting trend here is that the credit card balances have dropped 73 billion this year. that's more than 10% down. and that is going to save every u.s. consumer over $120 in interest rate charges. and one reason this trend is happening is because companies like ourselves supply a solution that allows you to pay on installments on your debit card with no interest for the consumer, and this is a major shift that we're starting to see the beginning of as consumers. we have now 50 million users in

the u.s. adding a million users a month. we're the fourth most downloaded app in the shopping app. it's quite fascinating to see what's going on right now. >> what's fascinating also, sebastian, it seems counter intuitive that to think during a massive recession and economic slow down driven by a virus pandemic can lead to increased savings rates and healthier balance sheets for consumers i'm curious, though, people are using your installment services. that to me seems like they're incurring debt is that in essence what's happening here how exactly do you guys make money if you're charging for four interest free installment payments. >> right so the shift is what we refer to as merchant fund credit. the merchants are paying fees for offering consumers products. they are exactly the same for all of them. the problem with the traditional credit cards is that a lot of affluent customer gets no interest, you know, 30 days grace period and a lot of

loyalty claims a subset of those customers revolve at high interest rates and pay for the rest that is not the way of the future the way of the future is that people use debit cards and occasionally use installment products where everyone gets interest free and the merchant bears the cost of those services, and sees however the benefit in a lift in sales, lift in aov, because consumers feel more comfortable using these products the old products were built in a transparent way in order to lure customers into financial decisions that are counter productive these products offer you the availability of credit but in a way that's actually good for your economy because it doesn't cost you an interest rate. >> so take us through. i mean, we started the segment off by showing your first ever super bowl ad. it's going to debut this weekend. what exactly is driving you to want to advertise in the super bowl it's got to be a very expensive spot to run. what's the business driver

behind it, are you trying to get that many more people to be aware of klarna and other type services like affirm and everybody else out there >> i think we are in a critical time we have seen this in other european markets where we have outgrown companies like paypal, higher share in u.k. and the in orderic countries and countries in europe. we're live at macy's, etsy, sephora, live at lululemon, sax fifth, et cetera, we're all there, but the brand is just on the verge of creating customer awareness, and we see super bowl as an amazing opportunity to kind of bring it to people's attention, and the second you see it on the super bowl ad, you're going to see it in every merchant because we have been able and have been so fortunate to get so many great partners to work with in the last six to 12 months that's why we think this is the critical and right time point to do this, and obviously it's very fun. we're proud as a swedish company to be on the super bowl as well.

>> before we let you go, really briefly here, if you're a football fan, are you going to be watching the game, and who do you think wins >> i am a football fan i'm not going to make any predictions because i'm going to make a fool out of myself. >> i think we all make fools out of ourselves with these predictions. thank you very much, good luck with the super bowl ad this weekend. johnson & johnson asking the fda to green light the one dose vaccine. details of that big deal coming upg up next. first february is black history month, we're honoring, cnbc contributors, here's host of american ninja warrior, akbar. >> two people that inspire me, lebron james, and maverick carter, i love the team work that they have you can see the camaraderie, you can see the business

partnership, but i think the overall message, you can bring and trust people from your community to move you forward. that's the big inspiration in their partnership. need better sleep? try nature's bounty sleep 3 a unique tri layer supplement, that calms you helps you fall a sleep faster and stay a sleep longer. great sleep comes naturally with sleep 3 only from nature's bounty the holidays weren't exactly smooth sledding and stay a sleep longer. greathis year, eh santa?lly no, but we came through smelling of mistletoe. the now platform lets us identify problems before they became problems. if only it could identify where my ball went. this you? hmm... no, mine had green lights. whatever your business is facing. let's workflow it. maybe i should workflow my swing... servicenow.

good morning, it's jobs friday, and futures are pointing toward a higher opening bell the bulls are looking to open strong with stocks on track for

their best week since november. the fight against covid, johnson & johnson asking for emergency use authorization for its one dose vaccine meantime, china facing some trouble in its own rollout of immunizations. we'll head to beijing for the latest there and of course it is super bowl weekend. we're going to talk commercials, betting and the big business behind the biggest game of the year, it's february 5th, friday, 2021, and you are watching "worldwide exchange" on cnbc ♪ ♪ welcome back to "worldwide exchange," i am dominic chu in for brian sullivan this morning, and here is how your money and investments are looking halfway through the 5:00 a.m. eastern time hour. stock futures as you can see, they're pointing towards some modest gains at the opening bell the dow implied higher by roughly 114 points, the s&p higher by 13 to 14 points and the nasdaq higher but roughly 34 points

on the treasury side of things, we're seeing a move higher again in longer term treasury rates. you can see benchmark ten-year note yields 1.145%, the 30-year bond, 1.94%, and two-year treasury, 11 basis points or .11%. making headlines this morning, exxon mobil is reportedly considering adding activist investor, jeff ubben to its board of directors his firm, inclusive directors is talking about taking a stake in the oil giant if he gets the appointment to the board johnson & johnson officially applying for emergency use authorization or eua from the fda for its covid vaccine. the company released data showing the vaccine was about 66% effective in protecting against the virus. in sanofi, promising more cost cuts as it looks to increase

profit margins the company is facing pressure to deliver a covid vaccine after it warned in december the vaccine it was developing with glaxosmithkline showed an insufficient immune response in older folks. sanofi shares up 2% in the french trade as the biden administration works to ramp up vaccinations in the u.s., the former epicenter of the outbreak, china, has rolled out its own aggressive strategy but the campaign is looking less effective than initially thought. eunice yoon joins us from beijing with the latest there. good evening, eunice >> reporter: good morning, dom, so i'm at a vaccination center, and i'm right outside the entrance you can tell that it's the entrance because there's a qr code where i can take my phone and scan it in order to register right now, 31.2 million people so far have gotten their first

injection as of yesterday through these types of centers, and that sounds like a lot, but when you think about how the goal for beijing was to inoculate 50 million people by today, before the lunar new year holiday, you can tell that china is falling a bit short there are a lot of questions as to why that would be you would think that china would be good because it's so far been very efficient about mobilizing a lot of other measures when it comes to covid, but when it comes to vaccinations they have run into a couple of hurdles, and one is that they only use chinese vaccines, and chinese vaccines are actually slower to make so it's an inactivated vaccine, and from what the scientists have said, it actually takes a little bit longer here in order to make up all of those vaccines now, secondly, another issue is that the country has been exporting hundreds of millions of vaccines over seas. some would argue it's for

political reasons, but for whatever the case, that means that there just aren't enough vaccines here in order to cover the entire population. and then of course, there is the fact that there are a lot of people who are much more hesitant about taking the vaccine and that's because oddly, and ironically, you could say, because beijing has been able to manage the number of cases, the infection risk is seen as relatively low so people are feeling that, well, you know, i don't really know that much about this vaccine, especially here in china, there's been a lot of questions about the data with these chinese vaccines and so people are thinking, well, maybe i could just put it off a little bit more. and then finally, the biggest challenge for china has been the fact that it has such a huge population in fact, the eiu had put out some research a couple of days ago, saying they don't think that china will be able to finish its full inoculation until 2023

so that's a lot of time, and of course a lot of people to inoculate. dom. >> eunice, here in the u.s., we're running into some of the same thematic type discussions, right, this idea, there are folks out there who don't believe that the covid virus is nearly as bad or as deadly as people say it is they think that they don't need to get vaccinated because we have been handling it relatively well, at least in their minds. how exactly is the government treating that type of discussion there? we know that it's a little bit more difficult with regard to a government that's more perhaps authoritarian than it is like here in the u.s. but still, what exactly are they telling the population about how important it is to get a vaccine? >> well, people, i mean, the chinese government has said that, and just like the u.s. government, the chinese government says that getting a vaccine is very important, and so that's one of the reasons why they have been setting up these vaccination centers. they're making sure that they

talk to companies and say organize your people in order to try to, you know, bring them to these vaccination centers. they're also going to community centers. that's another development that we saw in the past couple of days where residential compounds are being asked to organize the people there in order to bring them to the centers, so there is an importance that's placed on getting a vaccine. at the same time, you know, there is a lot of hesitancy here, and it's almost like, from, you know, the minds of the people here, the chinese government has been so successful in trying to root out the pandemic that people are feeling that they just don't really want to be the first ones to get the vaccine, and because, you know, the infection risk is seen as relatively low here, they feel like maybe they could wait even until the end of the year. >> it's a complex dynamic for every government out there

eunice yoon live in beijing with the latest there have a nice weekend. a covid testing company critical to this week's big super bowl festivities. but first, as we head out to break, some of your other top headlines today. shares of activision blizzard jumping this morning, the video game publisher beating the street in its latest quarter and offering an update of full year sales. a forecast driven by its call of duty franchise, moving those shares to the up side. pinterest shares topping the company topping estimates reporting strong growth thanks to the holidays amid the covid-19 lock downs. and gilead sciences, helped by sales of remdesivir, authorized to treat covid-19 patients around the world. those shares up 2% in the premarket trade. stay tuned, "worldwide exchange" will be back in a moment

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welcome back to "worldwide exchange." making headlines this morning. ten cent music reporting selecting banks for its second listing in hong kong, including j.p. morgan and morgan stanley the offering could raise as much as $5 billion. alibaba seeing big interest this the $5 billion u.s. bond offering, it received demand for eight times the debt being offered. analysts were watching this amid the regulatory crack down on the company by the chinese government. and a spac backed by private equity firm kkr is looking to

raise about $1 billion in its ipo. this according to a regulatory filing yesterday as well well, this is of course super bowl weekend well before the big football game, though, it's the shaq bowl, presented by shaquille o'neal, and featuring tim tebow, and offset, and in order to pull off an event like this during a virus pandemic, they have partnered with a rapid testing company so that all participants, even the news crew, can get a negative test before entering the facility it could be a way to get fans back into events sometime in the near future. joining us now is steven thomas, ceo of tpt global tech, the testing partner for the shaq bowl steven, thank you very much for joining us this morning. let's talk about what exactly is going to happen at shaq bowl what are the protocols you are putting in to place that might be replicated down the line to get fans back in the stands?

>> discuss what we're doing down in tampa a strategic partner of ours suggested we go down and do the covid testing for the shaq bowl. we were excited to be a part of it and help out. basically what we do is we took one of our mobile labs from miami up to tampa. we have registered nurse that is do the covid testing and everybody who enters the event is covid tested. idea is that everybody that's inside of the event gets tested, downloads our app, technology, and then everyone's covid free, and free to enjoy the event. >> how big is the event going to be, stephen? how many people are you expecting to rapid test for covid associated with the shaq bowl >> there's only about 250 people for the live broadcast, right, so we're doing that. our technology was actually developed to do a lot more people we could do up to 50 to 60,000

people with our quick pass, quick lab technology we're excited to be a part of it. >> thousand exactly, then, if it's going to be in that way, how exactly do you foresee a growth trajectory for your particular technology, your particular protocols, how exactly do you then market that to large event venues, say like concerts, and sporting events? what exactly does your sales pitch sound like what are you offering in terms of the logistical capabilities that you guys have >> one of the exciting things is we're just now entering into a new partnership with events.com. and events.com has a ticketing technology with over, you know, millions of events on their platform around the world. so we're partnering with them to go to different concerts, festivals, corporate events all around the world to provide our quick pass, quick lab technology and just so you know that, you know, as a company, we have given that technology out to the business community, educational

systems for free airlines, corporations can use our check and verify system for free, so we're excited to be a partner with this, to help fight against this covid pandemic and be a part of the fight. >> do you feel as though this type of protocol, these types of procedures, this view that we have about testing and health and safety is an invasion of people's privacy in any way. do i really need to have a passport, a qr code that needs to be scanned just so i can go to something like a supermarket or a restaurant or something else like that you know, steven, where they do that they do it in china right now. >> you know, that's a very interesting question, you know, and for us, i believe that if we're going to tackle this pandemic and get our arms around it, and try to get our life back to some type of normality, we're going to have to incorporate some type of technology to be able to separate those that are healthy from those that are sick and that need to be quarantined for that two-week period

to have a system in place where the qr code is as simple as scanning your phone, to have access to the grocery store, to the train station or to fry, i think is a very important component of what we need to do to bring our global community back together so we can have some type of normality in our lives on a day-to-day basis. i think it's important to have technology that's not so inpr intrusive as a qr code, negative, positive, free to fly. you need to rest for a couple of weeks before you can do something. i think it's important >> stephen thomas with the quick lab and quick pass technology. thank you very much and good luck with the shaq bowl. let us know how it goes. >> thank you very much for having me. the tampa bay buccaneers will take on the defending super bowl champions, the kansas city chiefs this could be a match up for the ages with the best player in the game right now arguably, patrick mahomes, the qb for the chiefs, facing off against the greatest

of all time, the goat himself, tom brady. the bucs are the first team to play in the super bowl on their home field the chiefs are trying to be the first to repeat since brady and new england did it back in 2004. let's talk more about the game and the games around the game with jabari young. he knows all about these games he's the sports business reporter for cnbc.com. thank you very much for the early wake-up call i can't imagine you're sleeping much these days because there's too much to talk about in sports what exactly is going to happen for this super bowl? how big of a business will it be this year given the virus pandemic >> dom, first of all, thanks for having me, and we're making history ourselves. it's the first time we get to share a screen it's an honor for me to be on screen with a legend like yourself so thanks for having me, and i'm not getting too much sleep but that's what it's all about that's what we're in the business for, and this weekend is going to be different the nfl is the biggest sporting event one can argue of the year, and you know, the super bowl is where it all happens i think, you know, you just

mentioned it, brady versus mahomes, doesn't get any better than that. two quarterbacks, one of which is a legend, the other one trying to get to that point, and if he wants the crown, take it from brady, and that's what this game is all about. a lot of excitement around the game, from a business aspect, you have to understand the nfl is not going to make as much money down in tampa as they did in miami the capacity is different, and the pandemic obviously is affecting that the thing everybody is going to be looking at post super bowl is the ratings, to see if they can eclipse 100 million total viewership, and that nincludes streaming. we'll fiend out. i'm looking forward to this game i think it's going to be exciting i think the nfl is doing the he can best they can around the safety and protocol of it. we'll see what happens one more game left, if they can get it over and done with, and start to look ahead to 2021 season. >> over the last couple of years, jabari, and i know you have been following this closely, there's been a massive surge, a huge push in daily fantasy sports, online gambling,

that sort of thing jurisdictions have legalized it. how big of an event will this be, the super bowl, for betting, now that we have so many places that it's legal and of course the restrictions about going to actual sports books in las vegas because people don't travel as much with the virus pandemic >> well, you know what, i can tell you one thing, people do travel to bet, you know, draftkings reported yesterday a man flew from texas to colorado because texas is not available for the sports betting platform, not yet, but flew from texas to colorado to place a $3.6 million bet, somewhere around there, so if he wins, he stands to win 2 million. people are flying to make bets the namerican gaming associatio said they expect $4.3 million to be bet around the super bowl alone. 4.3 billion around the super bowl alone that's not a number to frown at. that's great for the industry, the sports betting industry. listen, it's here, and talking

to fanduel yesterday, he made a great point, as much as this is going to continue to evolve, and more states adopt sports gambling, all you're going to do is take money away from the illegal markets and more money available to be taxed. if they can get to the $4.3 billion number, that's a great sign for the industry, and it's only going to eclipse that next year as more people get used to sports gambling. that's where they got to start to speed up, you know, their brand awareness to get more people used to it. once you got people hooked, i don't think they're turning back. >> that's a great point. it's also a double edged sword we have seen during the pandemic lock downs there's been a huge interest, day trading activity has picked up by many metrics we look at. a lot of people are looking for other ways to entertain themselves if they have the financial means, and unfortunately if they don't have the financial means to do so is this going to be one of those catalytic type moments for the

industry much like it has been for online brokers during the virus pandemic will there be that many people they can bring to market because of a game like the super bowl during the pandemic. >> if they win, you know, if people win, they're going to keep coming back we'll see. it's still the early days for sporting gambling and a lot has to happen. market share is still kind of, draftkings, fanduel, everybody is trying to gain position they have to raise awareness about their products you see daily fantasy companies trying to start up trying to train the consumer, we're other here, you can bet, and people are still becoming aware that they can bet in their own states texas is going to be a big market i don't think it's going to happen anytime soon but i mean, you know, listen when you've got people flying from texas to colorado to place a bet, i think you can be sure it's here to stay and over the next five to ten years, you're going to see

the market grow and kwwho's goi to get that market share it's a here to stay. a big moment for the nfl, and we'll see exactly what they can generate, but i don't think it's going anywhere anytime soon. i think more and more people are going to gravitate towards sports gambling. i'm starting to get used to the terminology myself i'm not too far from the blackjack table, i can imagine in a few years, you know, people, myself may be placing a sports bet or two on a mobile app. >> before i let you go, really quickly, the chiefs are given 3 1/2 points, who do you take to win? >> i knew you was going to put me on the spot like that listen, i love mahomes, and he's here to stay tom brady got through the nfc, going through drew brees and aaron rodgers. all he has left is patrick mahomes, i can't go against a dude like that >> very political, i like it that was a sly move there, jabari young, cnbc.com sports

business reporter. thank you very much. enjoy the game, sir. of course it's jobs friday, quarterly results coming up as well, and stimulus talks, the big issues that matter to markets today. all of that coming up, and if you haven't already done so, subscribe to our new podcast "worldwide exchange" every day in audio format if you miss us live here on air check us out on apple or spotify, whatever podcast app you choose we'll be right back on t sw tethisheho

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customers to care for lives to get home to they use stamps.com print discounted postage for any letter any package any time right from your computer all the services of the post office plus ups only cheaper get our special tv offer a 4-week trial plus postage and a digital scale go to stamps.com/tv and never go to the post office again. welcome back, we've got breaking news out of capitol hill just moments ago, the senate voted to approve a budget resolution, which will ultimately allow democrats to pass a proposed huge $1.9 trillion covid plan without republican support vice president kamala harris passed the tie breaking vote the passage triggers the legislative tool known as reconciliation which means that the aid bill can be passed with

a simple majority in the senate. the bill now goes back to the house where it is expected to pass relatively quickly, so keep an eye on those developments. joining us now is sarah house, senior economist at wells fargo. that breaking news, sarah, kind of puts a little bit more of a perspective on what's happening with the economy, covid relief, and everything else. what exactly do you see the u.s. economy doing if congress is able to act on a $1.9 trillion stimulus package. >> it creates a lot of up side for the u.s. economy over the course of the year we are looking for activity to ramp up mid year as you do see more of the stimulus that we have already had passed filter in through the economy and then you have that combined with the positive effects of the vaccinations gathering pace, as well as i think just more moderate weather which will help in terms of overall activity and get people out and about again, and should help the overall spending picture. >> so if that's the case, then, i mean, it comes today amid a huge jobs report the first one of the year, it

could show us some at least pos positivity relatively speaking about the economy. how important is this relief package to the american jobs picture. >> i think it is significant so when you look at the outlook for hiring ahead, so this month, as you indicated, still likely to be very weak, so we are expecting a positive gain but the 60,000 job increase we're expecting barely puts a dent in the 9.8 million deficit that we still have in terms of jobs since covid struck i think when you factor in what we're expecting with the stimulus, the fact that there is more support for businesses, you know, households, especially, the most cash strapped households have more spending in their pocket that's an overall help for demand as well as just employers who are struggling in the near term to maybe keep more employees on the books, and that helps the overall hiring and in turn spending picture, creating

this circle. >> the hospitality business has taken an enormous hit. how important is targeted relief for individuals like travel and tourism to this overall picture? >> i think it is significant since you think about what's really stopping them right now it's not necessarily that consumers don't have the means to spend it is more about safety, and so it's really all about bringing that virus under control, and really we can't get those industries back on their feet in a significant way until we do see more widespread vaccinations or at least people feeling that it's safer to go out and about and so i think some targeted help would certainly be beneficial because if you look around other industries are actually doing quite well. you see manufacturing activity, you know, supply constraints and bottlenecks there just because demand has been so strong. but, you know, the picture is very different in more of those high contact discretionary services like leisure and

hospitality. >> sarah house at wells fargo, thank you very much, and good luck with the jobs report today. thank you very much for your thoughts. that does it for us here on "worldwide exchange. you can see futures pointing to modest gains at the opening bell, the dow implied higher by roughly 125 points have a nice weekend. "squawk box" is next new year's resolutions come and go. so give your business more than resolutions... give it solutions, from comcast business. work more efficiently with fast internet and advanced wifi. make your business safer with powerful cybersecurity solutions. and stay productive with 24/7 support.

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good morning, stock futures higher, again, with major indices on track for their best week since november. in vaccine news, johnson & johnson has filed its application for emergency use. we'll tell you what happens next. and the mobile advertising world facing a reckoning, two more companies warning apple's privacy change will disrupt its ad revenue it's friday, february 5th, 2021,

and "squawk box" begins right now. ♪ good morning, everybody. welcome to "squawk box" here on cnbc happy friday, i'm becky quick along with joe kernen and andrew ross sorkin, and as joe mentioned, we've seen a pretty strong market this week. yesterday we saw some pretty sizable gains as well with both the dow and the s&p 500 up by better than 1%, and the nasdaq up by about 1 1/4% it's been four days in a row now that we have seen the s&p 500 and the dow higher that hasn't happened since i guess five days in a row we haven't seen since august of last year. if we keep things up where we stand this morning in positive territory, it's going to be pretty impressive to watch in fact, both the nasdaq and the s&p 500 set new records yesterday, so did the russell 2000, and you're going to see right now that dow futures are indicated higher once again. dow futures up