good afternoon, everybody. welcome to a frigid friday edition of "power lunch. right now president biden is set to tour a pfizer facility in michigan that makes the covid-19 vaccine. the rollout ramping up a little haltingly but ramping up nonetheless. the case numbers are down but will it be enough to get the economy roaring back by summertime we'll talk to the ceo of a company counting on it trip adviser shares are higher today and up nearly 40% this year how about pot stocks they have cooled off this week did the cannabis craze get overhyped or is this industry only going to get bigger

we we'll analyze it as "power lunch" starts right now. >> happy friday, everyone. let's begin with the markets right now with two hours left in trade, stocks are higher as janet yellen pushes for more stimulus and the nasdaq and s&p on track to close the week lower, bring in bob pisani for more you see john deere up 10% on day. >> killing it in the manufacturing and agricultural space but the important thing we are flat on the s&p. we are not going anywhere. essentially sideways janet yellen, god bless her, beating the drum on stimulus and reaching the limits on stimulus. tech isn't doing anything for us look at the reinflation trade going. energy and material stocks are up, industrials on the upside. banks are doing well because

yields are up. there's the reflation trade. semis were weak all week so let me show you what's going on with the other mega cap names her here's a problem facebook is doing nothing for us apple 10% off the highs. go back and look at it google's doing all right but 1 out of 5 we need more move from big cap tech and we are not getting it right now. thank goodness applied materials, knock them out of the ballpark numbers here. the demand is exploding for chips all over the world josh talked about the supply issue but the demand is there. deere, what's going on agricultural demand is exploding, demand for construction equipment is exploding. they beat the analyst numbers by

80%. i don't think i've ever seen that how can that be? they got it wrong by 80% but they actually did. you want to talk about things that are high priced earnings are great the stocks are high priced bitcoin, there is a bitcoin etf but not in america there's one in canada. it started yesterday and traded among the heaviest volume of any etf in the united states or canada and this is trading on the toronto stock exchange roughly the parallels some of the bitcoin moves there but hopefully, maybe we'll get an etf in the united states by the end of the year. canadians got there first. >> thank you we'll see you later. with the markets a bit on a yellen high lately the broader issues of rising rates and intrain remain m let's bring in ron isonen and brian bellski

let's take a tour of what you are seeing right now in the markets and whether you're sensing a little bit maybe the early signs of a pullback. do you see that, brian, at all >> good afternoon, tyler always great to be on with the awesome ron, as well >> same back. >> too many people looking for a pullback when people stop talking about a pullback that's when we will have a pullback. when people stop talking about a bubble that's when we'll have a bubble things are not linear. now the earnings parade stopped, didn't mean we have a correction i think the market is transitioning to an earnings driven market and healthy and needs to continue so we are still bullish and continue to be buying the dips in this market. >> let me get you to untangle

something that tangled my notes. you say the return to normalcy in 2021 a fallacy. not going to happen. but you remain quite bullish, you don't think inflation is much of a threat and stimulus will be there. the fed said as much will be there but 2022, maybe longer why do you discount the importance of a return to normalcy in 2021 >> it's a great question normalcy doesn't mean stocks go down normalcy means we get back into normal living and not going to happen that is not common sense and we said that in november when we published the year ahead piece and it is much of the same type of market in terms of momentum, rhetoric driven, emotional but the biggest difference we believe is a broadening out of the rally, a stock picker's

rally, correlations have fallen and be more fundamentally driven and not in the faangs. >> ron, why don't you jump in here i sense that over the past few weeks you have turned from relatively more cautious than some of the other folks we hear from on cnbc but still cautious but hopeful. am i reading you right >> you are i think we'll get the biden bid on infrastructure. some is priced in. i'm not sure we have priced in spending money over time on infrastructure and see deeres and others do quite well and that rotation from large to small, from growth to value, from us to international, is wokking. japan at a 30-year high.

asia generally speaking is doing well continues to work. listen i'm still -- yes, cautious about a correction with inflation breaking even 5-year and 10-year at more than a 1-year high and about 2.2% depending on which one you look at i think that might give the market pause generally speaking but a correction not the beginnings of a bear market but economically with the vaccine news coming out, much more stimulus coming in and more to come beyond that and i think a reluctance probably to raise taxes in a meaningful way down the road there's ammo left that i probably didn't fully discount into my own scenario. >> right let me ask for a quick answer on the rising interest rates now at 135. is that signaling a healthier

economy or rising inflation or both how worried are you that the total debt is going to be $30 trillion, say, and our economy is going to be $23 trillion? so we will have a basically maybe 140% >> yeah. i have been worrying that since 1984 and still worried so yes and no the flip side here is that with respect to inflation the fed's probably not moving off the dime it is a catalyst for a correction, not a bear market. and there are pockets of speculation some point are going to burst it is going to be the rate of change in interest rates that determines how swift and severe a correction might be and i would be keeping an eye on that. we'll see if that comes back to haunt the market later on but

doesn't seem to be the issue at the moment. >> brian, a very quick last word on interest rates at 1.35% on the 10-year. concern you or not >> no. meh to inflation waiting 39 years for that and dangerous asking an equity guy about fixed income but as long as that 10-year treasury is below 150 it's an exceedingly positive environment for stocks. >> ron, b-squared, appreciate your time today. >> thank you. for more on the interest rates let's go to rick santelli at the cme rick >> yeah. what a great discussion you were all having look at week to date of 10s and 30s. we are guns hot. we have traded up to new highs for the cycle post covid 136 on 10s and let's stick with that 10-year for a minute.

open that chart up to march of 2016 how many weeks have we be talking about the potential to get up to those double bottoms in 2012 and '16? here we are. that's 136 zoom, zom, zoom it back to the 2012 bottom in july 138 and here we are do we have to stop here? no the pause is significant maybe it's a place if you're looking for 8s to rise to take profits but maybe if you're the wrong way we start to trade above this issue nervous, need to be nervous. we could get up to 160 quick 30-year is more aggressive now january of '20 on 30-year bonds, 2013 puts them up a dozen basis points on the week and the spreads of course are steepening with 10s to 2s the widest in 4 years and tyler you asked what's more important, inflation, the economy, why are interest rates going up duds it matter

spending 700 billion a year servicing a $30 trillion debt what other budget is that money coming from? stimulus is fine doesn't mean we have to worry about raising taxes. we will have no choice. >> all right thank you very much. very good point there as rates go up. service on the debt gets more costly you know that if you have a variable rate mortgage. let's get to josh lipton for a market flash around the apple car. josh >> that's right. check out names like luminar trading. these companies make self-driving carsen sos known as lidar. the move follows reports that apple is in talks with the suppliers pursuing development of a passenger vehicle phil lebeau reported that

they're talking about apple bra bran branded autonomous vehicle $10 trillion, apple declining comment on that report but we'll bring you headlines with more information. back to you all. >> all right thank you very much, josh limbton. 66,000 new covid cases in the u.s. yesterday still a lot by any measure but six weeks ago we saw more than 300,000 cases in a day look at the dropoff. that is about an 80% if my math is right we'll take a check on the vaccine rollout as the president gets set to tour a vaccine manufacturing facility, one of pfizer's t'll ask the ceo of tripadviser ifhe vaccine can save the summer travel season that's next.

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travel companies posting big losses for the fourth quarter but not stopped hotel and online travel stocks from rallying this week case in point, tripadd viser wih a 52-week high as they see higher search activity for international trips. ceo steve kaufer joining me now

for a first on cnbc interview. welcome back. >> very nice to be here, thanks. >> you're starting to see more search activity, travelers book travel for later this year but i'm curious as to why you see more international travel pick up with restrictions in place and some companies the vaccine rollout slower than expected >> what we see on the site and what we hear from the searches is that travelers are eager to get out in summer, a lot of people missed that international trip over the past year and so they're already planning, aware that or likely to get vaccinated over the next three to four months so they're planning ahead, trying to figure out where they'll go and they're international destinations. >> one burning question out there right now is whether companies make a vaccine prerequisite to entering the country. what are you hearing spain said if uk travelers want

to come in they have to show they have got ten the vaccine. >> it's really hard to predict what the countries will be doing in the middle of q2 or towards the end. american tourists especially bring a lot of dollars to a lot of different places all over the world and i think countries are going to be pretty eager to make it easy for travelers. i think most americans if they want to get vaccinated will be able to get vaccinated in the second quarter so it looks like the summer travel season should be pretty strong. >> you hope to capitalize on the growing demand for travel especially as summer nears with the launch of trip plus, the subscription program but there was an analyst out there that says that tripadviser overpromises and underdelivers with planned programs. how do you prove the market wrong here, steve? >> if you look at what it is all about we provide an incredible

value for the travelers, they're getting for a subscription price, a discounted hotel room, perks and benefit, getting other services when they actually arrive in destination, a discount on attractions and so if you want to turn a regular traveler into a savvy traveler you should think about tripadviser plus to save you so much money for a better experience once you get there. imagine saving $250 on a hotel trip because you -- on a trip to europe on that hotel and you get an anywhere from a bottle of wine to a free upgrade at that hotel and you take that savings and you apply it to stay an extra day or take the private tour instead of a group tour all for the travel subscription that you can get on tripadviser we think the hoteliers are

interested in with an extra guest that's likely to stay longer and a higher luxury status and it is great for us building what we hope will be a very meaningful revenue part of the business. >> i'll be curious to hear from you next quarter about subscription anders and how it positions you compared to other online travel advisers you have been critical of google in the past that the challenges that google has created for your company and kcurious whether no democrats controlling the senate we could see regulation to take aim at google. >> i think the position on google is fairly well-known. it is not just tripadviser but many, many other companies trying to provide real value to customers that use the internet and google is becoming a chokehold, a bottleneck on

letting that traffic flow to the best sites, to the best folks to provide answers so i am very hopeful that the biden administration will continue with the past administration it started in terms of an extra level of scrutiny and hopefully action on companies like google hurting consumers by limiting the choice that they get. >> we'll be watching thank you for joining us today, steve kaufer. >> thank you for having me. all right. we have heard about the rise of retail investors in recent weeks but who are these every day traders? the answer may surprise you. i made a business out of my passion. i mean, who doesn't love obsessing over network security? all our techs are pros. they know exactly which parking lots have the strongest signal. i just don't have the bandwidth for more business. seriously, i don't have the bandwidth.

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for many the phrase retail investors tends to conjure up images of 20-something investors talking on reddit. robert frank has more. robert >> hey, tyler. more than 10 million americans opened new investment accounts last year and a study shows they're older, more diverse and

long term operated than the gamestop story might suggest the study by the university of chicago looked at people who opened investment accounts for the first time in 2020 most were between 30 and 59 years old, nearly half were women, a third were african-american or latino with african-americans share of new investors twice that of existing investors. the main reason they wanted to start investing was retirement and motivated mainly to start investing by the low minimum investing amounts more important than the free trading we auofte talk about most trade less than three times a month and the new investors are less likely to actively trade than existing investors but they also need a lot of financial education. when asked five questions they scored an average of 1.4, that was nearly half the score of

existing investors, most advice came from friends, family and colleagues tyler? >> i'm very interested in the demographics of this new cohort of investors, more women, more people of latin background, african-american background. is this because they suddenly found these platforms or because the platforms went out and marketed to them >> it was both what was interesting is the main connection that they had to these invest platforms was through friends so it wasn't advertising. it was through friends, peer to peer colleagues and friends saying check this out and the second thing which i think we have overlooked in the discussion of free trading is the fact that you didn't have to have $10,000 investing can be so sintimidatig and the idea that, look, we

won't make you put in even $1,000 $200, $20. whatever it is that low threshold was really the onramp for so many investors who have not been in the stock market. >> do those companies -- i think that's exactly right because i think most people who sign up don't want to trade all that much but they are attracted by the low minimum. does the company make money on these accounts now or are they banking that eventually these people will get to a break even point for them where they'll make money on them >> i think it's a little -- they're getting a lot from order flow i think eventually they want to sell this group credit cards and lots of other financial products and this is a group that is sort of younger in the broad cohort of things, 30 to 59 so i think also hoping that the investments, this wealth grows

over time and will be wealthier and generating revenue over time and this truly is a -- we need to get them better educated to be long term investors and encouraged that retirement opposed to speculative trading is the main goal. >> right robert, thank you very much: have a great weekend still ahead, president biden about to tour a pfizer vaccine facility in michigan we'll take you there live next. after a massive start to the year for the marijuana highs, 'ley're off the highs. wel discuss when "power lunch" returns.

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welcome back here's your cnbc covid update at this hour. dr. fauci says today a new study of israel showing that the pfizer biontech vaccine is 85% effective after one dose quote looks interesting. for now he says that the government will stick with the recommendation that everyone get two doses rather than give more people one shot more quickly. as cases decline more restrictions are loosened.

in the last hour california will allow youth sporting events to resume next week and at least 27 could beties with low testing rates. and the ncaa will allow some fans to attend the division 1 basketball tournament next month in indiana attendance is limited to a quarter of capacity with masks and physical distancing mandatory. and no loosening yet at u.s. land borders with canada and mexico amid concern. the biden administration extended the ban on nonessential travel through at least march 21st back to you. >> thank you very much. let's look at the markets and where they stand on this frosty friday. the dow industrials a little bit here, at least they were earlier in the session just by .06. basically flat and same said for s&p 500 down a little and the

nasdaq kind of flat. russell 2000, it is moving up on the day. oil market closing for the day dom? >> what a week it's been for oil, natural gas prices much because of the deep freeze in texas and the central u.s. right now oil prices are closing out the week on a lower bases with west texas interimmediate yatd world benchmark brent crude futures you can see. almost 2% declines and natural gas prices lower just in the last 15 to 20 minutes after a bigger drop yesterday. the oil prices falling as much of the oil producing infrastructure in texas looks to get online with the freezing weather moving out attention to the more traditional demand and supply developments with regard to covid vaccinations opec supplies. that sort of thing

keep an eye on the prices. back over to you. >> thank you. president biden to tour a pfizer vaccine manufacturing site in michigan this hour meg tirrell has more on the state of the vaccine rollout good afternoon, meg. >> we expect to see the president with the ceo of pfizer at this kalamazoo plant with the finishing process for the vaccine in the united states they actually form late it there and then put it into vials, do the purification steps and then ship around the country. here's a look at the vaccines deployed in the u.s. so far 41 million people or about 12.5% of the population received the first shot and 16.2 million people are approaching 5% of the u.s. population is fully vaccinated with two doses. this is happening at the same time seeing the dramatic drops in case numbers in the u.s.,

hospitalizations and now also in the numbers of death daily cases are down about 70% from the peak that we saw basically at the lowest level now since lat october. the number of folks in the hospital with covid 62,000 people hospitalized with the disease and the lowest since mid-november deaths have now started to come down, as well. seeing them at the lowest level since early december down 40% from the peak so experts say that it is probably on the early side for the vaccinations to be driving a lot of this. they'll start to make a bigger difference and everybody is concerned about the variants out there. >> certainly seems to be i know you have been following the vaccine rollout here and other countries. israel really received a lot of praise can you tell us about the data >> yeah. what's great about the data from

israel isn't just a successful rollout of the vaccine which they have but tharve doing a lot of data collection and so the world is looking to israel to see how these vaccines work in the real world there are two studies coming out today, one in the lancet and another by reuters to prevent transmission, not just to prevent cases of the disease and it seems like it appears to do that at pretty high rates, not yet peer reviewed studies but the indications are looking good and another study which was mentioned in the news update suggests there's 85% efficacy after one dose of the vaccine but that's only out to 28 days and hear folks like dr. fauci and others saying we don't know the long term protection from one dose and that's why we need two. guys >> all right meg, thank you very much. we'll talk more about it

right now as president biden tours a pfizer vaccine manufacturing facility out in michigan we expect some footage of that throughout the afternoon for more on the vaccine rollout let's bring in -- there's a look at what he is doing. i guess walking through a plant out there where they make and package the vaccine. let's talk to dr. jeremy foust it is great to have you back i feel like we're brothers almost i have seen you so much over the past few months a thing that interested me there in the previous conversation is how much the case count as fallen and that case count apparently peaked back in november before there was a vaccination. why are cases down as much as they are obviously the vaccines have some part of the explanation but not all of it. >> great to see you, too as you say, the cases really took off in the fall, november, december

actually reached the peak about 15 days after christmas. that is not a surprise to any public health official or expert who worries this when you see that graph and that area underneath the curve, those are lost lives but we now see that we come away from that. is that a combination of the vaccines in part and probably due to the fact that when people hear the news and see what's going on it is a bad time and so they hold back there's a nature to the behavior we see danger and respond. we have a president who's not out there every day saying don't be afraid of the virus as someone that does in all the time it is nice to have to fight against less medical misinformation. >> i had my first shot of the moderna vaccine earlier this week i have a lot of questions about it and the vaccines in general but let me get your perspective if you know.

does one vaccine, moderna or pfizer, have a higher profile of adverse reactions? in other words, you hear a lot of people say it's that second shot that gets you, brother. is one of these vaccines more prone to produce a response negative in someone who gets it? >> look into the trials, there's slight differences here and there but i think the main point is so important which is the first jab, the first injection has a degree of a side effect or adverse sort of effects that we expect it is the second one 50% of people who get the second pfizer vaccine, for example, are going to have real fatigue 29% with a fever and we have to lower the bar for people to get this vaccine have paid sick leave give expectations. what worries me is people avoid the vaccine because they hear

that and in fact what we say is this is the immune system working doing the job. give people, make it easy. websites are crashing. we need to make this so easy there can be as my friend says there's no sludge here if someone wants a vaccine, get it right away and we need to educate them on these expected side effects. >> the other concern, doctor, is the south african variant. do you think we are testing enough there's some experts say we are not and don't have an accurate gauge on how much it's spread here in the united states. >> yeah. it is a very important question. the south african variant is detected here in massachusetts for the first time and it comes at a home where we have fewer hospitalizations i want good news we know from recent studies that the pfizer and moderna vaccines do have some reduced response to these variants in the laboratory

k conditions in terms of neutralizing the and bodies and we have to got nif the virus an opportunity to teach us a hard lesson every time a person is infected that person becomes a literal breeding ground for possible more mutations, mutations we haven't dreamed up yet and could be the worst nightmare, could make the kids who have been relatively spared sicker so i think that what we are learning here is the faster we can suppress virus transmission overall the fewer of these variants show up and then the fewer question marks we have. >> i'm famous for compound questions and will end on one. the israeli finding that it appears that the vaccine i inoculates you against the disease and having the ability to transmit it and then the question is a personal one if all four members of the

family, my wife and i and my father-in-law and mother-in-law all vaccinated and my 15-year-old doesn't need it, can we sit safely in a restaurant and hug one another? >> okay. i'll start with the first one. the first question is about the reduced transmission we keep seeing the little hints, in the moderna trial, in the appendix in the back of the study, a little signal that the vaccine can stop all infection, asymptomatic, not perfectly or high enough because they only checked 21 days out and it is a hint that there's good news and need to see what happens many more days later. now the pfizer study from israel, we see that the longer and longer from the doses the less disease there is and possibly now the less transmission that could be why not a lot of people have not gotten both doses that we see a decrease

the second piece depends on the sphere outside for example, you could go and do a group gathering and take a restaurant out of the picture because it's a difficult subject but in a home or wherever and it could be safe for you if everyone in the outer orbit is equally protected. if they go home to their relative when you didn't see and a degree there we are getting closer and it is something i'm looking forward to and need more data before i do that activity. >> dr. faust, always great to see you. clear answers as always. we appreciate it. tyler, as the vaccine rollout continues to hit speed bumps it is not just individuals having a hard time getting the shot companies are ramping up as mass workplace vaccinations in limbo. bertha coombs has that story bertha >> reporter: you know, there is

an urgency for large employers to get the hands on the vaccine. tyson is vaccinating in illinois, virginia and missouri this week with 1,000 doses up until now they have gotten 25 to 50 doses at a time for nurses and staff over 65. with 120,000 workers across 24 states they are scrambling for every dose they can get. >> we're not turning down any opportunity to obtain vaccine for our team members >> reporter: tyson and other meatpackers came under fire. it's prompted a congressional probe but they have since instituted testing and other safety measures with their occupational health provider and worked on educating workers to combat hesitancy and can't get supply. >> we're coming to these

jurisdictions asking for 1,000 or 1,500 doses they don't know going in sometimes how much they'll have to actually allocate to us >> reporter: and it's not just tyson trying to get the doses. mean while they give four hours paid time off to get an appointment and the shots off site but first they have to get the appointment. >> bertha, wherever you are, it is just beautiful. thank you very much. energy stocks climbing again today up more than 21% this year after a long decline the traders will discuss that one when we return

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maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪♪ welcome back to "power lunch. energy a big mover today a top performing sector in the s&p 500 this month and year. demand tied to this economic reopening on the rise, where to next for this once underperforming sector and what's the trade craig johnson, boris slosberg is the team today happy friday craig, the speed of the recovery

caught people by surprise. where do you see oil prices going from here? >> no question it's caught people by surprise and asking two questions. one, is this move for real or just another stutter step from here we look at a chart of the sle it is a very interesting inflection point and looks like to us we are very close to reversing. from here people have to add energy exposure but i think you got to buy the sector and add to positions. exxon, pioneer all look constructive. >> there's no shortage of oil and appetite is lower so what's the best way to play this? >> a couple ways to play this. i really like marathon petroleum right now because it's a largest refiner in fact u.s. sold off for $17 billion and using it to pay down debt and

maybe buy back shares, got a 4.25% yield. you can sell the march 51 puts and get the stock 7.5% lower from here with a higher yield and benefit from the long term move in oil so that's a better play going fauorward. >> energy a sector with higher dividend yield thank you for joining me today head to the web side for more retail trades. ty >> all right can a boom or a bust pot stocks higher today but still off the higher after a recent selloff we'll talk to a top analyst when "power lunch" returns.

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well, let's check out bitcoin today a. new all-time high, slightly above $55,000 at one point. up another $2,700 or so. just imagine that. all right. we will take a quick break now we are going to check in on pot stocks their red hot rally has cooled a little bit can you bet on it the resume we'll be right back. sales are down from last quarter but we are hoping things will pick up by q3. yeah...uh... doug? sorry about that. 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.

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marijuana stocks have soared so far this year as the u.s. and other countries around the world all seem to be moving to broader an an acceptance till ray stock hit a highof $6 last week, and is less than half of it right now w. the stocks off their highs s now a time to buy? joined by cowan managing director vivian nazer. good to have you on. here's what i want to understand why are the canadian cannabis stocks up so much more than the u.s. ones when the positive regulation has been here not in can danch you said it so well. i think it is a function of liquidity and access to the investment the u.s. operators trade on junior exchanges in canada,

which make it harder for retail investors. >> democrats control the senate, there is a hope that that will lead to full legalization. when do you see that happening is there a time line in place. >> we are not looking for full legalization, though we are looking for progress in this congress what we are looking for is a modified version of the piece of legislation proposed last term called the states act which kind of pushes down rule making to the states it would have material implications for the u.s. publicly listed operators. we think it could change the tax dmoed a beneficial way by eliminating 280e we think it would provide access to commercial banking and insurance and reach the exchanges. >> that's interesting because without full federal legalization the financing tools are limited. we have also seen more spac understand the marijuana space do you see that continuing >> i mean the cost of capital does remain high, which is one

of the key benefits to the operators for the safe banking component of the states act. also to remean your viewers there was a separate piece of legislation the safe banking act that did pass the house a couple of times last year though we would hope to see bigger progress in the 117th congress. >> you have seen an improvement in accounting for those cannabis stocks i know that was the initial concern when they first came to market which is your top pick here. >> green thumb a. multistate operator in a dozen states they have a best in class profit margin 32% adjusted ebitda profit margin last quarter. >> we know it was a conversation topic on reddit. seems to have cooled off as the last time i looked at wall street bets. how big of a role is that playing? >> i think it is a good tune to remind everybody that cannabis

investing is not for the feint of heart and there is a risk tied with investing in this industry. >> thank you. ty, the margaret is trying to end the week with a new record and the reopening trade really gaining traction here. marriott, carnival, royal caribbean all stocks i watch closely, all sitting on gains of double digits yet we are not sure when cruise left side restart. >> yeah. the market is hanging in there there is a little bit of squishiness today, i would say if people haven't, i recommend you go on our website and read seema's piece about marriott and the passing of arnie sorenson who both seema and i agree was one of the really creme de la creme of american executives over the past 20 years and a hell of a nice guy as well, right seema? >> certainly was thank you for saying that. my op ed on cnbc.com one other thing i wanted to mention. >> why. >> bitcoin, fresh record high. did you know it only took five

days for bitcoin's market cap to go from $900 billion to $1 trillion now today above $52,000. and a market cap of $1 trillion. typically think of an schedule microsoft with those types of big numbers. now this one cryptocurrency right up there >> all right have a great weekend seema, stay out of the snow, or go in the snow if you like it. everybody, thanks for watching "power lunch." "closing bell" right now >> tyler, seema, thank you welcome to the "closing bell," everyone i'm wilfred frost along with sara eisen stocks have lost their early gains for the week now down half a percent. and the nasdaq down 1.5% for the week cyclicals outperforming. industrials, materials, financials in the lead for today and the week airlines higher as well. growth stocks lagging. positive news on the the vaccine in terms of districts and efficacy tha