welcome to "power lunch. i'm morgan brennan brian sullivan will join us in just a moment. the bitcoin boom is on crypto currency hitting $48,000 and even billionaire tilman fertitta a crypto bull plus the battle of the billionaires in space. elon musk versus jeff bezos. we'll tell you which one took a small step while the other is taking a giant leap. later, twitter hitting a 7 year high even after banning former president trump we'll tell you why the stock is flying high ahead of its

earnings after the bell. "power lunch" starts right now >> i am brian sullivan stocks kick off 2021 with a bang and once again, the big indexes are not the big money story. it is the smaller caps they're growing up and getting larger by the day. check out some of these insane stats. 323 of the s&p small cap 600 are up more than 25% this year mike santoli and you've got 126 of those names up more than 50% and that is in less than six weeks. mike, what is behind this big money surge in the small cap stocks >> the small caps bring together a lot of the themes driving this market they do better when we have a cyclical upturn. they tend to be more geared to

the economy but also, just risk appetites and liquidity, driving a lot of these things. russell 2000 against the s&p 500 on a one year basis, they were tracking okay for a while and then you see right around the election, the small cap just really took off and it's now extremely overbought on technical readings and things like that. i think underexamined piece of this look at the top holdings of the russell 2000 small cap right now. yes, half this index is financials and industrials and health care but at the very top here, a $33 billion fuel company that's gone to the moon. novavax, a vaccine play. penn national and caesar's sports betting plays right now so very much the trendy buzzy areas of the market are driving to some degree the small cap index which we used to pretty much take as a macro indicator it's a little bit less than it used to be so really, it's about risk appetite of all sorts. >> we'll talk more about seizures with tilman coming up

in half an hour's time, but there's names like gamestop. you might have heard about gamestop and the heavily shorted names, they are also soaring this year. i'm not talking about a 30%. i'm talking about a 300% even, of course, off their highs certainly, the indexes might have a problem some of these names which were tiny before could price themselves right out of some of these indexes. >> they certainly would if the market cap gains were sustained and interestingly, the gamestop was the largest in the micro cap index as well as the largest at its highs in the russell 2000. in other words, it used to be micro and then it became bigger than small cap at at once it's gone back from there but you have to be aware of what these indicators are and are not measuring anymore. it's actually changes over time, so it's not really the old fashioned mainstream companies driving the russell 2000. >> mike santoli, thank you

see you in just a bit. what do all of these parabollic moves mean for your money if anything at all? joining us now, susan schmidt, head of u.s. equities at viva investors. susan, what's your take? you heard some of the data you had five names that are up 300% in small caps this year is this too far, too fast? >> it's certainly aggressive we think there's bold moves here in the russell 2000. just comparing to big indices. the s&p 500 up 4% year-to-date and russell about 16%. huge discrepancy there and i think we're really seeing optimism flow through to the small cap names from the stimulus package that people are affecting and also, these are the businesses more tenuous and a larger

showing the confidence that reopening trade is happening and the industries have been really out of favor are coming back into favor with a bang >> they are, and with all due respect to the army of wall street bets traders out there, this is not just going to be a couple million individuals throwing some money at it. this is institutional capital whether it's vanguard, black rock, fidelity being redeployed into the value and the small cap sector in a massive way. is it not and how long do you think this might last? >> well, i do agree with you that these are indexes and these are stocks that really are underperforming before the pandemic and then when the pandemic hit, obviously, they got crowded out. it was tough to get capital for some of these guys they really undervalued in a way and the accelerant of the fed pouring money out there and the stimulus going on, people are redeploying their capital and

looking at the small caps, which are less valued, lower value than the large caps to a degree. and given the fact they're probably not in the regulatory cross hairs under the new administration, more domestic in nature as we open up the economy and the american consumer who doubles the savings rate, more than double the savings rate to historically high levels, to deploy and buy goods these companies stand to benefit. >> susan, i mean, just expand a little bit we talk about the small caps and the reopening play they represent. it's also part of this bigger broader reflags trade we see afoot right now. is that here to stay are there other ways in addition to the small caps and investors should think about playing if so >> i think it is here to stay. it's showing that it just won't go away. remember two weeks ago, we had definite drawdown in the market where we had things down 3% or 5% the indices and yet it's springing back last week

we see this sustainability confidence, really, and i think it boils down to that. we're seeing consumer confidence and that is confidence that those consumer balance sheets which are in pretty good shape are going to be put to use as soon as we can go back to a normalized economy and so i think you do have to look at the service sector i think it's not just small caps that are going to benefit from this, but i think the small caps index is showing that they're going to feel it the most because again, they were the most neglected last year >> yep okay, the bull case is easy. $4.5 trillion around the world they have ticked up on the rise. vaccine rollout going fairly well what's the biggest bear case make the negative argument against stocks what would it be >> every good party has to come to an end and right now, there's accelerant on if you want to call the market a fire, you can accelerate it or the fed will accelerate it and if you start to see the bond yields really continue to climb, they're up about 20% on the 10 year and 30

year so far this year. but if they climb north of 10% and 3% on the 30 year and kind of show continued rise, that might start to put a little bit of people look at all the money they made and maybe i'll take that and put a little bit over here on the safe side and wait this thing out and see where this thing ends. the fed will raise rates temporary but too much for the fed to sit on the sidelines as long as they like to. >> if it wasn't for college health care, every single commodity out there, there might be some inflation but luckily, there's not. matt and susan schmidt, thank you both very much appreciate you joining us on "power lunch." morgan >> don't forget housing. anyway, spacex, in the meantime, is making headlines again today. elon musk tweeted late last night that, quote, once we can

predict cash flow reasonably well, ipo but warning that the internet service business will need to pass through a quote, chasm of negative cash flow over the next year or so to make it financially viable again, pointing out every other operator up until now that's attempted broadband satellite service has gone bankrupt. spacex has over 1,000 small satellites in orbit so far beta service ramping to different geographies and recent filing, 10,000 users already utilizing that internet service. it's a high risk business, billions in up front capital, but high reward potentially too. which i think also speaks to the competition, including ast and science, which is going public via the new providence one web that went through bankruptcy last year and of course, amazon amazon's project in particular has been at odds with spacex as the two recently very publicly

duked it out over real estate and orbit, what's become a space rivalry between the world's two richest men. expect that to continue. jeff bezos stepping down as amazon ceo to focus more time and energy on blue origin and when it comes to launch services, blue is lagging behind spacex but it too has a big year ahead. working towards orbital space tourism. and most pressingly, competing for a key nasa contract to build a human landing system that's a competition that pits against spacex two key names, brian, i think, to continue watching right now andles a to the moon pun to have and i'll let you make that

the corner of my eye right now >> i need a koi boy had. you know these companies better than anybody are they trying to do the same things, what are the subtle differences between blue origin and spacex >> i don't think they're trying to knock each other out. there are certain areas where they are competing and/or will in the future. this nasa competition being one key example. already in operation and spacex's next gen system star ship and the two focused on space tourism right now,

different aspects of space tourism, blue origin with suborbital flights which puts it more in competition with virgin galactic but there are key differences, that being said, and key differences to the visions b bezos sees to colonize the orbit around earth to protect earth and musk wants to go to mars we'll see. i think there's probably room for both i mean, definitely room for both, but very different ways of going about it and certainly as i mentioned, this rivalry with the two exchanging words over the years is going to ramp up as you see more of these operations ramp up. >> transl >> maybe this is good for everybody because it pushes the pace of development, a little competitive aspect on this billionaire battle to the moon

or maybe to the mars really cool story. by the way, just spectacular graphic. 2021 title contender right there on the graphic. there is so much left to do here on "power lunch." we are just getting started. democrats seeking another $25 billion to help out restaurants. people simply to continue stay at home are not allowed by law to go to a restaurant. we're going to talk to tilman fertitta and he was on the ground and why he was 2.5 years ahead of elon musk when it comes to crypto. and twitter. highest level in seven years, all as their earnings roll out tonight. but would you be willing to pay a subscription to use twitter? you might have to. we'll tell you why coming up.

we see temperature control software giving everyone a shot at vital vaccines. at emerson, our software is shepherding medicines through every step of the cold chain, helping track conditions to keep each dose safe and effective. emerson. consider it solved.

welcome back shares of twitter took a dive after banning president trump in january but since rebounded and never look back. the stock up more than 30% from the lows hitting a seven year high ahead of its earnings, a report after the bell today, but for more, let's bring in john freeman with cfra he, actually, before we do that. we're going to tape of president biden who just met or is meeting with business leaders. we'll go there now

>> and participating i think, as i've said before, you've heard me say it, labor groups and others as well that american people are hurting. a lot of people are in real, real trouble a lot of people going to bed at night staring at the ceiling wondering if they're going to be in that apartment the next day or keep their mortgage payment up if they're going to have any health insurance we've got millions of people unemployed secretary yellen pointed out, scarring effect may be going on that could get worse we have kids not in school a whole range of issues but i think they're all soluble and grow in our capacity as you know, i met for a long time with my republican colleagues i've been exchanging correspondence with them and telephone calls as well to see if there's any way we can follow up beyond where we are and meeting with the members of the house and the senate as well and i think we're in a position

to think big and move big and move in a direction that can be not only get the economy back on its feet but we have to get people well before we get people on their feet. and we focus a lot of the attention on making sure that we deal with the coronavirus. get it under control you can go through all the detail with me, what we're doing on the coronavirus and the mechanism that exists in this package. as well as, we have to deal with, at the same time, with employment we have to deal with the same time with business and growth of the economy. we can't let one, can't get everybody well and then move on to the economy we have to move quickly on both. and i'm anxious to hear what business leaders have to say about how they think approaching this issue and see if we can find common ground i know i find some common ground

with republican friends and democrats as well. i'm optimistic thank you all for coming in. appreciate it. look, i told you before. i have a job my job is to keep people, we've already lost over 450,000 people we're going to lose a whole lot more if we don't act and act decisively and quickly a lot of people, as i said, are going to bed hungry and families are food insecure. they're in trouble that's my job. the senate has their job they're about to begin it. i'm sure they're going to conduct themselves well and that's all i have to say about impeachment. thank you very much. appreciate it.

>> that was president biden. vice president harris and treasury secretary janet yellen making some comments after wrapping up a meeting with business leaders and ceos. let's bring in now kayla tausche for more on what we know about the meeting with the likes of jamie diamond, marvin of lowe's and others >> reporter: brian, the president said he convened the meeting to talk about the size of the economic downturn about infrastructure and then about down the road, possible changes to the federal minimum wage. he has a somewhat sympathetic audience in front of him many of these leaders or their trade organizations have voiced support for urgent action on covid relief to try to jump start the economy, but they've refrained from wading into these specific details about what exactly they would support in terms of the size of a potential re-upping of the small business ppp program or what exactly

minimum should be raised to. mostly folks who have employees who receive hourly wages, whether they're bank tellers or store associates so that's something where the white house is going to be trying to solicit feedback on the impact of any potential hike in minimum wage to the economy even as president biden has acknowledged that particular provision is unlikely to survive if a stimulus bill as it stands. certainly, the administration has already had a dialogue ongoing with the labor community and says that it is going to be putting forth a recovery and job creating package in the coming weeks, but of course, the primary priority for the near term is trying to figure out how to thread the need and emerge from this meeting armed with new arguments about the economy from those who have a pretty good

view on what exactly is going on brian and morgan >> kayla tausche, thank you. morgan >> all right, thank you. let's turn back to twitter we sartarted there, return there earnings report that's after the bell today for more, let's bring in john freeman. rates twitter as a buy but $53 price target, actually below where the stock is trading right now, thanks for being with us. >> thank you for having me what do you expect and what would it take for you to change the price target >> well, pretty sure i'll change it after earnings today most likely i don't know the direction, obviously. twitter, yeah. in the spring, i saw accelerating growth. some exciting stuff and then the

pandemic hit and all kinds of different things going on and sort of these three surges of greater engagement because of billions of people around the world sheltering at home the surge hitting now in the fourth quarter and held back, people didn't know what the heck was going to happen with the pandemic see a lot of positive things but before i get, and absolutely, put the bio back in november and then last week, we'll see. but i'm looking for 52 cents well above consensus on epf. but i think there's a lot there.

>> i'm curious if you're surprised by how much this stock rebounded from the steep sell-off last month when twitter, and twitter wasn't the only social media company to do this but when twitter booted then, at the time, president trump off the platform, i mean, part of the reason it sold steeply as it did was because of the 89 million follower base of the president monetizable. >> there's a lot of moving parts. from the beginning of last year, they've overhauled their software and made it a lot easier for them to do things like subscription pricing, like schemes based on likes or upvotes or any votes there's all kinds of mechanisms

that they can try out now to improve monetization and new monetization schemes we don't know how many people will leave the platform because of the president trump's situation, right, the whole political conversation but i think, you know, on the opposite side, i think people respected twitter for reaching in and flagging content that was considered to be misinformation or whatever. but how they use the software to really innovate rapidly and like they should, just never been able to implement rapidly enough

but also valuation conscious. >> quickly because we've got to wrap this up, but in terms of the innovation possibilities, subscription service, does it make sense for twitter what would it look like? >> i think so. absolutely think so. i'm not sure what it would look like but i think people are annoyed by ads and wouldn't mind having an ad free experience on social media i think there's other schemes as well we'll see what they come up with and i anticipate an interesting call, nothing else, right? >> keeping our eyes glued for after the bell when we get the report john freeman, thank you >> thank you for having me. 12% of american adults got at least one shot of the vaccine. about 10% of the entire population the pace has picked up we're now averaging 1.5 million shots a day with more than 2

million shots in the arms. two new vaccines and both with good treatment data, so-called variants and normal vaccine supply chain. the pace could really ramp even by march according to dr. gottlieb and others but even with the seeming good news, with many bosses are saying they'll see us after the summer. labor day to get back in the office, robert as many. >> only 10% or 15% back in the office right now, it looks like it will be fall before the numbers start to improve partnership for new york city, they represent about 300 ceos

the earliest day to start bringing workers back. even that date may be optimistic the ceo said july would be the reopening day. manhattan supports restaurants to retail to real estate empty commercial space reached all-time high of 15% in january which is why the governor just outlined his plans for pop-up clinics around the city for rapid testing to bring the workers back, but a few companies are not waiting. tiffany just told workers to return to the office for a couple of days of week starting march 1 st it will follow the state and guidelines but they've had to continue working well, the office staff and manager should report to work. morgan >> maybe that's a fair request given that way robert frank, thank you. after the break, our "power

lunch" special for the day houston rocket's owner, tilman fertitta will explain why he's been a believer in bitcoin and for some tilme we honor cnbc contributors family and relationship therapist dr. george james with his advice for the next generation >> if i had the opportunity to give advice to the next generation of black americans, this is what i would say i never believed in financial limits that people try to put on me whether because of my profession, my race or whether because my family didn't have money growing up so don't limit yourself. don't limit to what people say to you or what they believe in you. believe that you can accomplish and do whatever you need to do for yourself financially

new projects means new project managers. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home.

welcome back i'm wilfred frost. here's your cnbc covid update at this hour. the biden administration says today it's boosting the number of vaccine doses sent to various states going to 11 million doses every week from 8.6 million three weeks ago. and in an effort to reach traditionally underserved

communities, federally qualified community health centers will also be getting direct vaccine shipments for the first time the cdc says today their surveys from september to december show an increase in the percentage of adults willing to get vaccinated but still a lot of hesitation. in september, 39%. and 49%. still travelers coming into the country. canadians can't be prevented from returning but they will face fines that's your cnbc covid news update at this hour. back to you. >> all right, thank you very much, wilfred frost. well, bitcoin continues to be on fire hitting a record high of $48,000 today, on the way to 50 grand. for many, unthinkable. maybe even just a couple of weeks ago.

coming largely after tesla ceo elon musk went full crypto buying $1.5 billion worth and using tesla's cash saying the company will soon accept bitcoin as a payment for a car but definitely not the first bitcoin billionaire to bet on bitcoin. back in 2018, 2.5 years ago, landry's chairman tilman fertitta sarted accepting bitcoin at some of his businesses, even bought some himself. he joins us now that talk about that the state of reopenings. new spack and much more. good to be back with you is this an urban legend? did you sell a guy a rolls royce or bentley with bitcoin more than two and a half years ago? >> you know, we really did but i can tell you, tesla taking it is much more important than me taking it but we've sold 17 cars, bentleys and rolls with bitcoin. it's something that, you know, my team wanted to do a couple of

years ago when as a matter of fact, it was 2.5 years ago we've always talked about being innovative and ahead of everybody else but don't be a dinosaur around here or you won't last. so i have to talk to myself every day in the mirror. don't be a dinosaur, but we've always tried to be innovative and so when i started to see innovative people do that, it's interesting that we did it so long ago >> yeah, you did and by the way, kudos to you and on that, i feel like that sort of leads us to the next conversation because alongside crypto is the growth of offnline gaming, whether it's table games or betting on sports has been unbelievable. tilman, you and i have talked and believe it's going to grow even more. crypto's going tell us about your growth projections because your new spack owns part of golden nugget online gaming. you get a taste of that with fast acquisition company

your growth expectations, online gaming, how big it can be and whether it may be can burge wit these cryptos. >> i say this all the time, and it's 52% not 30% but that's okay this is really the way it is, okay look at new jersey, okay we're the leader in new jersey and we do about 30 million in online gaming and remember, 30 years ago, this is really interesting. you only had gaming in nevada and new jersey well, states are opening up almost weekly for online gaming. we'll probably be in 8 to 10 by the end of the year where we have been approved and about to start. if we just did 20 million a year in online gaming and all 50 states, i think it's going to be approved in the next five to seven years, that's a billion

dollar, even a company and we're trying to get a little piece of the pie. that's a huge growth industry. that's why the professional sports had to realize it's part of where we're going and i do not see when people say, oh, this stock is overpriced or this stock, they're just looking into the future and that's what wall street does. >> what you do is you have details. 30 million shares, not 30% so i got to shut up and listen a catch for you on that part i threw it out on purpose to see if you were paying attention do you really believe we could be 45 states out of 50 because when i look at the growth projections for the numbers that we have seen in new jersey and other places, i mean, this could be one of the biggest industries in the united states in less than a decade. >> yes, i mean, remember, it took years for states to fall for land based gaming and i believe 40 something states now

have some form of land based gaming but even in texas this year, which is a very conservative state, there's been serious talk and discussions of trying to get bills out to allow online gaming and sports gaming. you've got to remember, this is all partly because of the pandemic everything's happening quicker, certain technologies and that's why you have seen such growth in technology companies because the pandemic has sped it along for all of us. >> tilman, it's morgan post-stimulus package. this new one making its way through congress it does seem like if and when it reaches the senate, the proposed minimum wage hike may go away but when you talk about additional direct payments or potential $35 billion for the restaurant industry, how much of that do you expect to make its way into reality and into your

businesses >> truly just ran out of money and don't have the size and the capital to fight through a pandemic like we do. i'm thrilled that they're getting this stimulus and at the same time,i'm thrilled because the individuals are getting the stimulus because i'm in the consumer business. i sell food and hotel rooms. i even sell bentleys and rolls believe it or not, what's interesting during the pandemic, the best years ever in 1920. i mean, 1920, i wish, in 2020, it's really unbelievable back of the roaring '20s and that's what i'm saying, it's almost like the roaring 20s

because of this. >> coming down the pike because we've talked about tilman. here's what's hard for us. you're in houston. i'm in the new york area morgan is too. when you get out of new york, you forget that a lot of the country, for good or ill, not a political statement is kind of open >> reopening on the 12th does it make financial sense for you to reopen at 25% or just stay closed? what's the better economic decision >> we're reopening all 23 of our manhattan restaurants on friday. we get to put people back to work who are unemployed. you lose interest.

you've got to be relative, you've got to be open. i mean, we've been sitting there closed now in the last 11 months, i think, 9.5 of them and to be able to do 25% is huge to us people don't want to sit at home and i truly don't know because texas, we don't have anymore cases than new york but yet we've been opened since may the 1st. okay may the 1st, we've been open so i don't understand it i don't make the decisions for new york and we're just happy that we're opening >> i urge everybody if they go out, to tip the servers very well because there's a lot of nervousness in new york and be generous when you do it. tilman fertitta. congrat. number one in texas.

u.s. news. number 13, i think, in the united states. we called this a couple of years ago. it was a huge personal project tilman, good to see you. thank you. >> thank you >> all right coming up, we're checking on some of the stocks that have made jaw-dropping moves recently video game stocks in a pandemic. everyone stuck at home with nothing else to do, can those stocks go even higher? is the game on or game over? the world's first fully autonomous vehicle is almost at the finish line what a ride! i invested in invesco qqq

a fund that invests in the innovators of the nasdaq-100 like you become an agent of innovation with invesco qqq

sfx: [sounds of everyday life events, seen and heard in reverse] ♪♪ ♪♪ ♪♪ ♪♪ sfx: [sounds of fedex planes and vehicles engines] ♪♪ sfx: [sounds of children laughing and running, life moving forward] we see increased efficiency connected to more comfortable homes. emerson's energy star™ certified sensi™ smart thermostat uses geofencing to simplify how homeowners manage comfort and costs. emerson. consider it solved.

all right. time now for power movers. as the graphic suggests and today we look at three stocks making some big moves. not just today, but this week and this year.

starting what else gamestop it continues to inflict pain today and down below $50 a share. gamestop up 90% from it recent high of $483 next up though, the opposite side, tilray it's soaring up more than 40%. company getting a cannabis distribution deal in the uk. just the latest instance of broader acceptance of marijuana lout the world and we end with the company you may have never heard about ocugen it tripled yesterday on news that institutional investors bought the stock at premium. company is working on gene therapy cures for blindness. how cool is that and then also, covid-19 vaccine as well and development ocugen down 19% over to seema modi for "trading nation." >> thank you, brian. big moves in the online gaming space. take two following this quarterly beat

the company behind grand theft auto not unveiling a release slate but targeting 93 titles in five years and after electronics arts would acquire the mobile game developer for $2.4 billion where do you find opportunity in the space that's clearly done well since the pandemic started? t tangler investments and i know you actually owned prior to electronics arts acquisition so sitting on a 35% gain but i want to know what you think really brings electronics arts down the line. >> well, i mean, all about mobile, right? obviously, the name glu mobile they've had just such powerful releases on the mobile side of the equation for years now whether it's their kardashians game or call of duty mobile, which is actually one of the other companies we own, activision blizzard.

call of duty glu will help them have a bigger footprint on the mobile side of the equation as for where we're at in this whole video game thing, obviously, we got taken out with mobile this was a good exit strategy for us we still own activision is one of our top five holdings in my opinion, they've got some of the best video game franchises they've transitioned very well towards in-game purchases and they have a good strong mobile footprint and that's what a lot of these video game makers want to get to. but i think a lot of the easy -- we will be trimming that position soon. >> okay, well, actually, on that note, nancy, if you had to play a game of would you rather, i know you would go with take two but what about the idea that as the economy reopens, those sheltering at home playing video games may not want to spend as much time at home? >> so seema, we would probably be trimmers of take-two if we owned it we don't own it.

we've been playing gaming via microsoft. and one of the reasons for that is that you get a lot more growth but it's trading at the same multiple as the take two. take two is up 78% on the trailing one year. microsoft did better than the markets up in the mid 30s. so with the latest xbox announcement and launch which was the best in the company's history. gaming revenue went above $5 billion for the first time and xbox live now has over 100 million monthly active users game pass 18 million and then cloud business and office and teams thrown in as well. so that's our play if you held my feet to the fire, say you might want to take a bite out of ea here, but we're going to play it differently >> got it. nancy and mark, thank you and our traders share their top

consumer picks on tradingnation.cnbc.com send it back to you. >> seema mody, thank you. the ceo of johnson & johnson speaking with our own meg tirrell this afternoon we'll tell you what he said about the company's vaccine when "power lunch" returns. >> and now the latest from tradingnation.cnbc.com and a word from our

hi, i'm a new customer and i want your best new smartphone deal. well i'm an existing customer and i'd like your best new smartphone deal. oh do ya? actually it's for both new and existing customers. i feel silly. but i do want the fastest 5g network. oh i want the fastest 5g network. are we actually doing this again? it's not complicated. only at&t gives everyone the same great deal. like the samsung galaxy s21 5g for free when you trade in. the lexus es, now available with all-wheel drive. this rain is bananas. lease the 2021 es 250 all-wheel drive for $349 a month for thirty six months. experience amazing at your lexus dealer.

welcome back to plumplg. the u.s. is rolling out vaccines from pfizer and moderna to millions of people johnson & johnson hoping to be next to get authorization from the fda. meg tirrell spoke with the company's ceo just moments ago in our healthy return spotlight. meg joins us now with those headlines. >> this was the first conversation with alex sikorsky

since they had data on their one-shot covid-19 vaccine. it is going up for review at the fda with an advisory meeting february 26th. it could be coming quickly to the market potentially we pressed him on what type of supply they expect to see for the vaccines at first. he reiterated 100 million doses they hope by the end of june here's what he said about vaccine supply overall. >> i am growing increasingly optimistic between assuming that, again, we get the thumbs-up from the fda you combine that with the increased numbers that are being produced by pfizer and moderna, and those will result in significant differences that hopefully will alleviate a supply issue over the second quarter of 2021. >> now, of course with johnson & johnson potentially coming on the market even as soon as early march, we also talked with walgreens head of pharmacy and health care rick gates who said he expected widespread availability of covid vaccines

in their pharmacies by the end of march and early april we also talked about the potential that we will be getting covid shots for years to come because of variants or how long the protection lasts. here's what alex sikorsky from j&j told us about that. >> i think most people feel this will be something that likely for, yes, the next several years we would be getting a covid-19 shot just like we would a flu shot what exactly that shot is going to be comprised of, i don't think we know today. but i think we could all imagine a future where we are living with this, but where we can keep the science, you for example at pace with the virus -- you for example at pace with the virus so we can keep on living our lives. >> guys, a lot of conversations with the pace to getting back to normal, and the science that's going to help us do that and hopefully, stay at normal. guys back to you. >> meg, great stuff. very quickly less than 30 seconds, why is the

fda panel waiting until february 26th to review this shot, this vaccine? >> your question is shared by everybody. that's 22 days from when they filed. it is slightly longer than we saw for both the pfizer and moderna vaccines but fda does a tremendously thorough review. we will get to see all the data likely february 24th that's the great part of the u.s. fda process. >> we know you will bring it to us don't forget to join us on may 11th for our next healthy return summit learn more and register at cnbc events.com. >> big headlines from j&j. outside of that, another record-setting day on wall street all the major indexes hitting record highs dow is only up 42, but it is chugging along all year long small caps continue to be the bigtime stars. bitcoin rocking aup couple thousand "power lunch" back right after this

good morning! the four way is a destination place. right here, between these walls, is a lot of history. i am black. beautiful. i must be respected. black lawyers, doctors, educators, martin luther king, b.b. king, queen of soul aretha franklin.

you're sitting in the place where giants ate. the four way, as a restaurant, meant so much to this neighborhood and we wanted to continue that. to have a place where you have dignity and belong, that's the legacy of the four way. ♪ welcome back morgan, the major averages, they are not moving a whole lot but when you are on a record and you even add a couple points you don't need to be a math pc to know that's a new record high. small caps the star. morgan brennan, did you know the

russell 2000 is up 46% in just two months the small caps acting like big stars recently. >> the bitcoin is up another 8% today, trading above $47,000 ethereum, another cryptocurrency has been also moving higher in a very big way as well brian, great to be with you. thanks for watching "power lunch. "closing bell" starts right now. thank you morgan and brian welcome, everyone, to "closing bell." i'm sara eisen along with wilfred frost. the major averages hitting record inextra day highs in a calmer day of trading. the dow and s&p looking for their serveth straight day of gains. record closes all around if we get anything higher. the reddit trades continue to unwind game stop below $50 per share. crypto is still