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 that with secretary

yellen's comments to sara on the stimulus bill yesterday keeping equities just about this the green though not for the s&p 500. in fact now just dipping into the red. sara >> dow and nasdaq still green. let's see what happens over the next hour. coming up, a cnbc exclusive with the ceo of coke goala, james quincy on coming back from the pandemic some news today related to its body armor stake and new economic growth in an alcoholic drink. the brand-new ceo of clorox on her company's push to ramp up production of sold-out wipes and disinfectants and where she sees demand leveling in and out 2021. and twilio's voechlt jeff lawson on what is sending his stock higher the stock yeah drup heeled in the last month first a look at the stories we are watching in this final hour of trade. mike santoli tracking the market

action meg tirrell following the latest vaccine the middle east news developments as we gear up for president biden to make remark this is hour out of pfizer mike let's start with you and the markets. what do you see? >> operated in a narrow range most of the each a ibt of a downdraft each day. really driven by what's going on in the bond market treasury yields ramping. the large cap growth stocks under pressure, apple, microsoft, weighing on the s&p while you see things like bank and cyclicals doing just fine. industrials as well. you see basically curling lower from the top this channel key keep talking about today is the one year an verse of the precovid peak this is essentially more than a round trip of course we are substantially up15% since that peak of february 19th, 2020. a dramatic v in the middle there. stocks versus bond, year to date basis, s&p 500 again, a proxy for long term bonds both

corporate and government the reason i plot this is we are expecting as we get to month end rebalancing activity if you are in a 60/40 portfolio, you are now 63/37 because of the performance relatively of stocks and bonds. presumably you are going to go out of equities into fixed income it is not always been the defining factor in the markets but there is sometimes a head wind when it comes to something like that. here on the other hand is where you are not seeing any letup or rebalancing. micro cap stock volumes. this is micro cap volumes as a percentage of large cap volumes. steady for lots of years, then boom, boom penny stocks, anything that's tiny that moves fast, retail investors are all over it right now. it is one of many readings that shows the retail investor whipping around a lot of these market indicators and somewhat perhaps changing the interpretation of what they mean over the longer term. >> treasury yields continue to

dominate the conversation, mike, on wall street and we are also seeing a prepandemic peak there for the ten-year yield, above 1.30 back to february before the pandemic. >> exactly, late february of last year. >> i feel like wall street feels a little bit mixed, mike, on whether that represents a threat for equities and valuations. >> i think everyone a150u78d there is a level that is potentially a threat more broadly. initially it seems like we have room before we get to that point. why? because last year at 1.36 on the ten-year nobody was saying that a level of interest rates was a challenge for the overall stock market if the economy was going to be going in the right direction. you are seeing it though in the large cap growth stocks. in those stocks that are proxies for multidecade cash flows that really did have full valuiations based on incomes and negative real yields. those yields are less negative

than they were so, those are the back and fwokt that you have to tr-- the back n fort worth that you have to track right now. >> president biden expected to make remarks this hour after touring a pfizer manufacturing site let's get to meg tirrell for all the latest hey, meg. >> hey, wilf well, just getting a tour, the president w the ceo of pfizer, this plant in kalamazoo, michigan is where the pfizer vaccine gets finished, the finishing steps in terms of formulation and put into vials it is from there that they ship this vaccine all across the country. s that pfizer's largest manufacturing plant. you can see there the president and that was the ceo you can see him there in the background wearing a mask talking with somebody. we have been getting date out of

israel whether pfizer is pursuing just one dose of the vaccine. i doesn't seem like that is something they are doing right thousand but that's a focus as we are learning of the variants that are circulating. we are waiting to hear president biden speaking you also see governor gretchen whitt fler as well this is on top of a lot of vaccine news coming out today as well pfizer and dine tech have allowed the fda to allow them to store the vaccine for two weeks at regular freezer temperatures, which should make it easier for distribution and novavax, the stock up more than 5% as they reached an agreement to supply more than 1 billion doses of its vaccine once it gets regulatory clearance to the covax facility to supply the vaccine around the world. a lot of vaccine news. we are waiting the hear those remarks and we will update you on any more news. >> meg thank you.

up next, an exclusive interview with the ceo of clorox, linda rendle you are watching "closing bell" on cnbc. at fidelity, you get personalized wealth planning and unmatched overall value. together with a dedicated advisor, you'll make a plan that can adjust as your life changes, with access to tax-smart investing strategies that help you keep more of what you earn. and with brokerage accounts, you see what you'll pay before you trade. personalized advice. unmatched value.

at fidelity, you can have both. ♪ more than this ♪

color observation out with a bullish outlook yesterday announcing that it raised its says growth rate from 3 to 5 torres from 2 to 4% previously also boosting production of disinfecting wipes and sprays as clorox continues to try to meet command. clorox ceo linda rendle joins us now on "closing bell." great to have you here. >> great to be here. thank you. >> i want to start with the updated and increased sales forecast is that an acknowledgment that the pandemic habits that we have adopted as far as hygiene are here to say? >> that's exactly what we believe, sara. i think, first, it's really related one the our strategy and the strong progress we have made

on that over the last 18 months. but, two, it is changing the consumer habits around cleaning and disinfecting that's true here in the u.s. and really around the world. people are adiplomating cleaning as more of a thing around safety and wellness, not just a chore. >> are the wipes available on store shelves yet? there was a time where you couldn't get your hands on one >> yeah. they have certainly been the hot item we have made really good progress in increasing our capacity so last quarter we made about a million canisters of wipes, and we are getting them to stores every single day this quarter, up to 1.5 million canisters per day we are going to continue to expand that as we bring new capacity on line through the next two months. >> clorox as a brand name is synonymous with wipes here in the u.s. has been for a while, certainly over the lastier or so is that the same situation around the rest of the word? are there markets you still have a big opportunity to expand into where you don't have a big position yet >> exact will he right

clorox is known in the u.s. for a lot of things. wipes is definitely one of them. but our heritage is in bleach and other spray cleaners that's true around the world where our heritage is also in bleach and spray cleaners. but we are seeing consumers looking for easier solutions to clean. as we have introduced wipes into new countries there has been strong adoption of them and we see long runway of growth ahead of us in that area. >> i guess my question is on that long runway, linda, because no question about it now, people want that. they want the big brand, and they want the clorox bleach and wipes. but before the pandemic, it was all about cleaner ingredients, seventh generation, mrs. meyers, no chemicals, free of phthalates do you think we are going to get back to that place if so, what do you do about it >> yeah, sara, we definitely see consumers looking for more transparency in ingredients. that's why we have led the industry about being transparent

about what is in our products. of course consumer safety is also the first thing that we focus on we have seen strong growth across our cleaners and wipes and sprays all of these years as consumers were looking for transparency being important we will continue to focus on giving consume terse information they need. we are also looking at ways to make your products more sustainable over time. we launched a compostible wipe earlier this year. given the pandemic we had to stop it and focus on skus we could run faster but we want to bring those back and expect it to be a large portfolio moving forward. >> will 2020 prove to be a banner year that's hard to beat? >> we certainly had a strong 2020 if you look at our first half, very strong double digit growth.

we are heading into a period where we are.laing thattette gro. but we were able the reviz our sales outlook upward for the back half of the year because we are continuing to see the strong consumption. i think if you want to compare periods it is good to look at a lean period. if you compare the back half of fiscal year '21 to the back half of fiscal 19 we are still up even though we had that lap. >> this is your first appearance on this show leadership question for you of first of all, it is about time this industry promoted a woman to lead the company, give who the consumer is. how does the banner change under your leadership giving your sense skpblts the fact that you are a younger woman, which is who this company needs to cater to. >> what we are focus on is taking the core of who we are, that's a company that values above all else doing the right thing. that's important to me and every

clorox employee. we are leaning into that we want to play more often it is 100% offense under our leadership we have terrific brands. we get to serve so many people around the world and we can do that more and better that's what my leadership is focused on is keeping us on the offense. >> linda rendle, thank you for joining us. >> thanks so much. we have got 45 minutes left in the session we have got the s&p just lower, nasdaq just higher check out some of today's top-searched tickers on cnbc.com palantir at the top. huge interest in that name ten-year which is surging higher this session and this week, up 351. comes second. more on the rise in yields to come later in the show

the holidays weren't exactly smooth sledding this year, eh santa? 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.

very low for over a decade and you know, it's a risk, but it's a risk that the federal reserve and others have tools to address. the greater risk is of scarring of people, having this pandemic take a permanent life long toll on their lives and livelyhoods. >> that was janet yellen yet supporting president biden's $1.9 trillion stimulus package she believes its benefit to americans outweighs the risk of

inflation. joining us now johnny fine from goldman sachs. thank you for joining us first question, a broad one on the rates outlook, which spiked today and this week. is the pace getting a little bit out of hand now? >> i don't think the pace is getting out of hand. i think when you look at where we have come since the beginning of the year we may be 35 basis points higher in yield on the ten-year you think about that in context, that's roughly a basis point per day ask. the vast majority of this move has been very orderly. i think it's very natural when you think about the economic data that we are seeing, the prints that we saw on wednesday both in retail sales as well as in dpi i think it is natural that we will see a gradual uptick in yields across the curb i don't expect them to get that much higher than where they are right now. i don't see this as a danger sign for valuations in credit

markets into what about credit spreads? are they rising in tandem in lass fairly relaxed way? >> actually, no, they are not rising f. anything, they are performing each more strongly. there is a pretty weak relationship between credit spreads and term interest rates over time. where we stand right now in terms of investment grade credit spreads is that we are within touching distance of the tightest spread that we have seen since the global financial crisis tighter than they were prepandemic and back to what we saw in 2018. credit in no way shape or form is concerned by the higher move we have seen in yields. >> what about what secretary yellen said there about inflation. where is the market exactly on how big of a risk that is and whether the downside risk to the economy, as she painted the picture outweigh the potential negative risks of rising sustained inflation. >> i couldn't agree with

secretary yellen more. by the way that was a fantastic interview yesterday, sara, well done >> thank you. >> i think she hit the nail on the head central banks around the world have been overly fearful of inflation as far as i can remember i think the move last fall from the current administration to go to a static 2% target is in some way as tacit admission that monetary policy was too tight coming out of the global financial crisis because of those inflation fears. these fears are there and they shouldn't be there for good reason yes, i think we will see a move higher to probably 2% over the next few months and that's the base effect from the levels we saw entering the pandemic last year but it is certainly not a concern. and i entirely agree that the stimulus package that's needed in the weaker sectors of the economy is a small price to pay if we call it a 25 basis point

move higher across the test reyield curve is a small price to pay when we have so many less people working than we did prepandemic. >> a new theme i know you are keen talk about in terms of esg bonds k. that pick up the slack over otherwise macro terms or cyclical terms were dropping off? >> i don't think we will see the volumes of 2020. that won't be repeated again but there are signs that we will be running a of the a healthy clip this year we are already running at a higher pace than they were in 2018 and 2019. we are about to hit i think a record month of issuance for the popt of february and you are right, esg financings are becoming a important component of our fabric.

in 2020, there was $75 billion in the u.s. market of esg linked financing. we are running at a pace year to date that's 40 times higher than we ran a year ago. do i think we can pick up the full slack of where we were in 2020 no, i don't think so but can it be a more meaningful part of our issuance fabric? absolutely, 100%. >> what do you think, johnny, about everything else that's rising along with bond yields right now, bitcoin and cryptocurrency, stocks which continue to power to new highs do you see correlations there? do you see fundamental cases >> i think what we are seeing is a fundamental bid for all risky assets in a very correlated ma manner it is a function the monetary easing that we continue to see, the crowding out the fact is the fed continues to buy treasury bonds that's ultimately finding its way into credit, investment

grade, high yield, foonding its way to equities as well. stimulus is aiding that. all otheras aspects benefiting from what is expected to be a sharp economic recovery over the course of 2021 that's why you have the spike higher in commodities that we have been seeing over the course of this year bitcoin benefits from a whole bunch of currents and trends that ear seeing in the investing market so we have a very highly correlated risk market right now. i don't think that's going to remain the same over the course of '21 ie, i think we will start to see some differentiation. >> johnny, we have to leave it there. thank you for joining us let's now listen in to president biden, who is following pfizer's ceo, who just made remarks [ no audio ] >> podium being disinfect there had before president biden, who

now begins his address >> thank you for the credit you have given me that i really don't deserve. this is a case of life and death. we are talking about people's lives. i want you to know that once we beat covid, we are going to do everything we can to end cancer as we know it. i have asked dr. eric lander, a renowned harvard mit scientist to coleads the presidential office of science and technology these are white house offices that bring together the country's top scientists and address our most pressing needs. they will part of the administration's work to develop a darpa like research effort on cancer and other diseases, just

like there is carpa in the defense department that develops the breakthroughs to protect our country. this administration is going to be guided by science to save lives, and to make lives better that's why i wanted to come here, albert, to thank you and thank all the workers here in kalamazoo. i am here to thank my good friend, governor whittmer. and she has become a good and close friend the governor has been on the front lines of this pandemic as well for a long time and i think she's doing an incredible job under very difficult circumstances. michigan is also fortunate to have my buddy gary peters as united states senator and debby stab gnaw. gary is here gary has been a workhorse, in making sure that we move through this funding to get things done. he understands better than anyone, it's about urgency the urgency of the moment. gary, thank you, senator thank you for all you are doing.

last week, i toured the research center of the national institutes of health in maryland i met world class scientists and researchers who were critical for discovering the vaccine in record time. i remember when we first started talking about this, asking dr. fauci and others who said it could take up to several years, maybe as many as six to eight years to find a vaccine. it is a miracle of science and the brilliant minds that we have around us. now it is a second miracle the miracle of manufacturing, to produce hundreds of millions of doses. let me say that again. hundreds of millions of doses i came here because i want the american people to understand the extraordinary extraordinary work that's being done to untake the most difficult operational challenge this nation has ever faced. and let me say parenthetically that it's not enough that we

find cures for americans there needs to be cure has the world is able to take part in. because you can't build a wall or a fence high enough to keep the pandemic out on our tour, i met a few of your nearly 3,000 workers, albert experts, managing iningredients thatcome in from different cities and states. experts handling 3d modelling and artificial intelligence to ensure every dose is properly crafted. experts ensuring a sterile environment so that each vial, each and every one, is safe and free of contam nantz all of this is followed by safety control and inspection and careful packaging and labeling we walked by a freezer farm that then keeps those doses viable so they can be shipped. this is an incredibly complex process. at every stop, safety is the

utmost priority. the whole process takes teamwork, precision, and round-the-clock focus. machinists operating some of the most advanced equipment in the world, working side by side with chemist, biologists, pioneering technologies that less than a year ago were little more than theories and aspirations it takes a partnership, in our view, between the federal government and all the companies and universities contributing to the vaccine effort just over four weeks ago, america had no real plan to vaccinate most of the country. predecessor as my mother would say, god love him, failed to order enough vaccines, failed to mobilize the effort to deliver the shots. veiled to set up vaccine centers. that changed the moment we took office i directed my covid-19 response coordinator to lead my administration's work with the

vaccine manufacturers, to buy more vaccines, and to speed up delivery albert referenced it earlier i want to thank him for making it happen. because we worked together we are now on track to have enough vaccine supply for all americans by the end of july that doesn't mean it will be in all americans' arms. but enough vaccine will be available by that time these orders allow facilities like this one to plan ahead, accelerate their production schedules. here's what else we did. when we discovered that vaccine manufacturers weren't being prioritized when it came to scrutinizing and securing supplies they needed, we fixed that problem and got them what they needed. we also used the defense production act to speed up the supply chain for key equipment like field pumps and filters which has already helped increase vaccine production. in fact, on our tour today, they showed me a critical piece of

machinery they didn't have before now they do. and it's allowing them to ramp up production. and as we increase supply, we are carrying out a clear plan to get shots into the arms of 300 million americans or more. i know people want confidence that it's safe well, i just toured where it's being made it takes more time to do the check for safety than it does actually to make the vaccine that's how fast i had theious here and listen to dr. fauci. dr. fauci assured me that covid-19 vaccines were safe. that's why several weeks ago i went through the rigorous scientific review. that's why i took my vaccine shot publicly to demonstrate to the american people that i know and believe it's safe. that's why vice president harris also received her shot publicly. we all know there is some history or some hesitancy about taking this vaccine.

we all know there is a history in this country of having subjected certain communities to terrible medical abuses in the past but if there is one message to cut through to everyone in this country, it's this the vaccines are safe. please, for yourself, your family, your community, this country, take the vaccine when it's your turn and available that's how to beat this pandemic we are making progress we deployed more vaccinators, the people who put the vaccine in your arm. we are now making it possible for retired doctors and nurses to come back and under law, administer she is shots. we have put new vaccinators in the field. these include over 800 medical personnel from our commission core at the department of health and human services and personnel from the federal emergency management agency, fema defense department, national guard. we are literally lining up thousands of vaccinators

because it's one thing to have the vaccine. it is very different to get it in someone's arms. we are also creating more place for people to get vaccinated we provided $3 billion to states, territories and tribes to create hundreds of new vaccination centers and ramp up the existing ones that are there. right here in michigan, with governor whittmer, people ha has provided tens of millions of dollars to polster the state's community vaccination centers. from the national guard at the exp.o. center at kalamazoo, the tcf center in detroit to parking lots and churches across the state. we have worked with governors in california, texas, new york, and more to come, to stand up massive mass vaccine sites in stadiums that will be open 24/7. in arenas and community centers. it is an effort that's on top of the federal government, covering the full cost for the state's

use of their national guards for pandemic efforts and you suggested i do that a while ago. i promised you i would do it, and we did it. we also started shipping vaccines directly to thousands of local pharmacies across the country. so eligible folks can get the covid-19 shot like they would a flu shot here in michigan, that's already more than 220 pharmacies like rite aid and meyers. and more than 130 cities in michigan and that's just the beginning. it's only been four weeks. for folks who aren't near a pharmacy or a mass vaccination center, we are deploying mobile clinics. these are special vehicles and pop-up conclusion that feet motion where they live folks who don't have access to transportation to get the shots. we are also supplying vaccines to community health centers. federal community health centers, to reach those who are hit the hardest, black, latinos,

native americans, and rural communities, which have higher rates of covid infections and deaths than any other group. here in michigan, we are already partnering with community health centers serving more than 370,000 patients in 11 cities across the state that's because you guys have pointed out where they were, why it was so important, and how we get to them. gary talks about getting to the people most in need and the people most dying from covid this is important, to ensure everyone is treated equally. and those hardest hit get care they deserve we are now at a point where we have seen the average daily number of people vaccinated nearly double from the week before i took office to about 1.7 million average per day getting a shot we are on track to surpass my commitment you may remember when i said in my first 100 days, before i was

inaugurated -- which seemed like 100 days anyway, first 100 days before i was inaugurated that we would administer 100 million shots in my first 100 days. but we are on the path to do that we are averaging 1.7 million a day. soon we will be at 50 million. and i am confidentwe will exceed the number. but that's just the floor. we have to keep going. but despite the progress, we are still in the teeth of a pandemic new strains are emerging in a few days, we will cross 500,000 americans who will have died from covid-19 500,000. that is almost 70,000 more than all the americans who died in world war ii over a four-year period all the sorrow

all the heartache. all the pain while we wait for everyone to get vaccinated, we still need to you wash your hands, stay socially distanced, and mask up to help save lives that's why, with the authority i have as president, i signed an executive order. the only authority i have to require this, to require masking on all federal properties, all modes of travel, like planes, trains, and bus. we have been calling on governor asks mayors and local officials, republicans and democrats, to institute mask mandates within their jurisdictions, just lik w in michigan. look, i know it is inconvenient but you are making a difference. everything we do matters we need everyone to do their part, for themselves, for your loved ones, and yes, for your country. it is a patriotic duty

we need congress to pass my american rescue plan that deals with the immediate crisis, the urgency. now critics say my plan is too big, that it costs $1.9 trillion they say that's too much let me ask them, what would they have me cut? who what would they have me leave out in should we not invest $20 billion to vaccinate the nation should we got invest $290 million to extend unemployment insurance for the 11 million americans who are unemployed, so they can get by, while they get back to work should we not invest $50 billion to help small businesses stay open when tens of thousands have had to close permanent ly and by the way, they make up half the employment in america should we not invest $30 billion to help schools across the nation open safely right now, 24 million adults, 11

million children don't have enough food to eat unless you think i am exaggerating, think of those scenes you have seen on television, with cars lined up which seem like miles to wait to have someone put a box of food in their trunk people who never, ever, ever, ever, ever, ever thought they would need help. and through no fault of their own, they are in that circumstance if we don't pass the american rescue plan, 40 million americans will lose nutrition assistance through a program we call snap, the old food stamp program. do we not invest $3 billion to keep families from going hundred agree? one in five americans are behind in their rent. one in ten are behind in their mortgage how many people do you know that will go to bed tonight staring

at the ceiling saying, god, what is going to happen if i don't keep my job, if i don't have my unemployment check what's happened to me? i am losing my health insurance. what do i do this is the united states of america, for god's sake. we invest in people who are in need do we not invest $35 billion to help people keep a roof over their heads? i could go, but you get the point. i am grateful that the senate and the house are moving quickly. i'm prepared to hear their ideas on how to make the package better and make it cheaper i'm open to that but we have to make clear who is helped and who is hurt my hope is the republicans in congress listen to their constituents according to the polls, there is overwhelming bipartisan support. the vast majority of the american people, more than 70%

of the american people, will all the polls y'all conduct, including the majority of republicans, want us to act and act big and quickly and support the plan major economists, left, right, and center say we should focus on smart investments we can make now in jobs and our people to prevent long-term economic damage to our nation and the strengthen the economic competitiveness going forward n. fact an analysis by the wall street firm moody's estimates that if we pass my american rescue plan the economy will create 7 million jobs this year. this year. we have also been in constant contact with mayors and go governors, county officials, members of congress, both parties. both parties i have met with them in my office i have metwith them on the -- on -- zooming on with them both parties in every state.

and guess what they agree we have the act now i got a letter from more than 400 mayors from big cities and small towns. they understand we are not going to get our economy back in shape, and the millions of people back to work until we beat this virus. that's why the american rescue plan puts $160 billion into more testing and tracing, manufacturing and distribution, and setting up vaccination sites. everything that's needed to get vaccines into people's arms, which is the most difficult logistical evident the united states has undertaken in peace time it includes $4 billion for new manufacturing plants so we are ready to manufacture vaccines in the future we don't have to wait. i am going close with what i said before. i'll always be straight with you. i said in my inauguration, i will give it to you straight from the shoulder, as roosevelt said because the american peep can take the truth

they can handle anything i can't give you a date when this crisis will end but i can tell you we are doing everything possible to have that day come sooner rather than later. and all of you here are doing some of the most worn work in this facility right here that can be done. and i know this is personal. i walked in today, and i won't say who came up to me but one of the people in this building came up to me and said, my father-in-law is dieing from covid. i said, can i call him he said, no, he couldn't take a call he says, keep him in his prayers, please. how much you know somebody who is in real trouble or has passed how many people do you know who sat down to breakfast this morning and looked at an empty chair across the table you have seen the devastation of

this virus in your family, your community. but you are stepping up. you are saving lives here, lives of your loved ones, your neighbors, your fellow americans. you are showing how this town, this state, this country takes care of our own. leave nobody behind. we can do anything when we do it together i believe we are on the road -- i promise you -- i know we will run into bumps it is not going to be easy here to the end but we are going to beat this. we're going to beat this may god bless you all, and may god protect our troops albert, thank you and your people for all you do. >> thank you [ applause ] >> president biden there at a pfizer manufacturing plant for vaccines in michigan making a forceful case for his stimulus

plan does say though he is open to talking about making it cheaper and hearing ideas, also appealing to americans to take the vaccine saying it is safe to do that firsthand. they spend a lot of time -- let's listen to -- president biden is still speaking. -- we'll continue to monitor for you and let you know if he makes any other headlines. we have dr. scott gottlieb here, former fda commissioner and sits on the board of pfizer, where president biden is speaking from, and illumina, and is our cnbc contributor pfizer said they are doubling the output and cher set to provide 120 million vaccines by the end of march, 200 million by the end of may then why are the timelines from dr. fauci and others getting pushed back into late summer for a majority of americans to be vaccinated >> yeah, i still believe that we are going to have general availability of vaccines come

april and it is going to be a combination of rising supply and also, you know, the demand we are going to find once we vaccinate 100 million americans, i think that the demand isn't going to be as brisk that doesn't mean we will get 100 million americans. we will get well above 100 million americans. but the incremental 25 to 50 million americans is going to take some work i think there is intense demand. people are willing to go on line and line up and wait and hit website. 75 to 100 million americans at the high end of we will have worked that off by the end of march, for sure. i mean, there will be about 250 million vaccines produced and made available to the federal government by the end of march assuming johnson & johnson gets authorized not all of that will be put into arms there is going to be 20 to 30 million vaccines sitting on the shelves somewhere within the system but that's 100 million vaccinations at least that people are getting at least one first dose and it is a good

number of people getting both doses. once you get to that level i don't think the government is going to come up with criteria to ration and it stimulate enough demand. and it will be opened to the general. i think everyone will be able to go onto a website in april and willing on and make an appointment. >> the president suggest there had he happened -- his actions and executive orders make sure ffrers like pfizer have the supplies and machinery they needed in order to hit the targets in the impressive numbers that the pfizer ceo outlined in terms of producing the vaccine. is it fair for the president to take credit for some of those milestones being hit was it already in process via the steps taken by the company and over the last year and the last months. >> there is no question that the biden administration took steps to help accelerate access to the

items needed to increase production i know they have been helpful. i think it is fair for administration, the president to take some credit here. >> dr. gottlieb, thank you for joining us sorry so brief today. straight ahead, wall street zeros in on palantir and winter weather reeks havoc on the chip industry inside the "market zone" next. the things you do every day better. with 5g nationwide, millions of people can now work, listen, and stream in verizon 5g quality. and in parts of many cities where people can use massive capacity, we have ultra wideband, the fastest 5g in the world. this is the 5g that's built for you. this is 5g built right. only from verizon.

make fitness routine with pure protein. high protein. low sugar. tastes great! high protein. low sugar. so good. high protein. low sugar. mmm, birthday cake. pure protein bars and shakes. for every fitness routine. cyber attacks are relentlessly advancing. to end them, cybereason built a cyber security solution so advanced... it can end attacks today -- on computers, mobile devices, servers and the cloud. and deliver future-ready protection, keeping you sharp for tomorrow. join us, the defenders, in our mission. cybereason. end cyber attacks.

from endpoints to everywhere. so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot. how do you bounce back? you don't, you bounce forward, with serious and reliable internet. powered by the largest gig speed network in america. but is it secure? sure it's secure. and even if the power goes down, your connection doesn't. so how do i do this? you don't do this.

we do this, together. bounce forward, with comcast business. 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. don't get mad. get e*trade and start trading today. >> announcer: the "market zone" is sponsored by etrade trade commission-free today with no account minimums. minute nine minutes left in the trading day. we are now in the "closing bell" "market zone." commercial-free coverage of all the action going into the close.

cnbc senior markets commentator, mike santoli, is here to break down these crucial moments of the trading day. we have also got eugene profit from profit investments. the major averages are sort of mixed off their highs earlier headquartersing into the close the s&p is down fractionally with the s&p and nasdaq set to post their first weekly loss in three weeks. mike, the nasdaq weakness is being dragged down by names like apple and facebook and microsoft. are investors rethinking their positions in these big cap tech names as yields march higher >> that seems to be what's going on even amazon, which had gone sideways had an outperformance yesterday was down a couple percent today. it seems to be portfolio repositions, reevaluating the values of the big growth stocks in light of real yields. it is not some kind of fixed eternal relationship but it has been one of the premises for why people were crowding into the big growth stocks.

financial, industrials, some of the consumer leveraged names, that's very much similar to deemphasizing things that were all weather type stocks and somewhat defensive in the tech and growth areas. >> eugene, it fees like it has been a down week but for the dow at least it's still higher is that a sign of what this market is going to be like for the rest of the year, which is pullbacks, small and few and far between? >> i think it's a good indicator, wilf. basically, investors seem to be looking at, you know, lower quality stocks, small cap stocks are performing better. large cap tech hasn't performed as well. but inside of large cap tech some of the names that weren't as liked going into the market but are still good companies have performed very well during this period. like intel today intel is up. it is up 27 year to date coming off earnings and it bodies well

for semisuggester stocks but amd and nvidia aren't performing as well i think that cheaper stocks that have lower valuations are doing better through here and will continue to do better the balance of the year. >> shares of palantir surging on reports that kathy wods arc innovation and next generation internet etfs acquired 7 million shares of the company. wood explaining her bull airbnb stance on "halftime report" earlier in the week. >> palantir's attitude is refreshing it's exactly how we invest we want our companies to aggr aggressively we don't want profits now. we want them invest aggressively. >> palantir has also become a darling of reddit's wall street bets forum kate rooney has more. >> palantir is the most mentioned stock on social media and the reactions run the gamut.

some are comparing it to game stop and saying it is a lot of people jumping from the gme band wagon over to palantir we are seeing fans posting rocket emojis and talk of fomo or fear of missing out on that rally. others say it is about the fundamentals they are sharing jen ill win analysis of earnings and the stock. you mentioned kathy wood she's also getting a lot of mentions retail investors are known to biggieback on her positions. back to you. >> thanks. mike, kathy wood and arc can do no wrong to what extent is this genuine active management versus only a few stocks left that they can move money into and out of in a serious way given the enormous amount of inflows they have received. >> there is a self fulfilling prophecy to it her funds get inflows.

they publish their business. it is a sem transparent firework it is unusual that in almost real time you get know what the incremental buys and sells are from that firework you kind of have confidence there is going to be money coming behind it in terms of tonight's flows. for a while i do think that can work it is also a style of investing that's completely in favor the whole idea of long term disruptive technologies. very expensive on today's numbers but maybe going after large markets. perfectly in tune with everything maybe it doesn't always last in that mode. about palantir is 35% off its high it is still up huge today and because all the value is so far out in the future you could have a huge argument about it today and be both right and wrong in the same week. that's how it goes >> eugene, i'm curious for your quick take here. when a got gets loved from the reddit boards and the retail traders, does that make you bullish or bearish >> i am okay missing out

right? so basically, i don't see the earnings there are a lot of investors with lock up inspiration looking to schedule that security. and i want the see some earnings now. right? as mike said, if you don't have to actually earn money until well out into the future you can be right on both sides of this i am okay if i miss out and let them have their day. >> let's move on to you be ear, the uk supreme court ruling that drivers in the united kingdom should be classified ads employees, not independent contractors. kate rogers with those details kate >> a big loss for uber here as judges voted unanimously to dismiss the company's appeal against that ruling. this caps a five-year legal battle between uber and a group of former drivers who said they are workers and they have the right to things like holiday pay, breaks, and minimum wage. keeping the workers as gig employees benefits uber as it's more flexible of course and cost-effective the news could have major ripple

effects for uber's uk business and the gig economy at large although uber says the case only applies to the 25 or so drivers that brought the case in 2016. there are others that may be impacted and similar cases in the uk. >> probably more coming after that kate rogers thank you. just about two minutes to go in the trading day and the week. mike, what are you seeing in the market internals >> pretty positive on the internals side today more stocks up than down even though the s&p has been waffling around the flatline. the equal weighted s&p is working better new york stock exchange advancers have been outpacing decliners two to one that's repair for the overall breadth slider lots of cross currents in the internals inside this market all weak as it has flattened out on the index level here you have mega cap growth. that's where the pain has been this week. the faang type stock they are declining and the

transports and industrials are well outperforming cyclical tone taking effect here volatility still under 21 or 22. this is the zone it has played in you could argue it is a little bit of a wall or the distant aftershock of some of the recent correction fears >> mike thanks for that. just over one minute left and all of the three major averages are lower on the session as we approach the close, albeit by just one basis point on the dow. and half a -- excuse me, the nasdaq kpats is still higher materials, energies, financials and banks the best performers on the day. energy is up 3.2% on the week. 1.6% today worst performing today, consumer staples and utilities. oil slipped on the day now negative on the week strong this year gold and silver getting a pop today having soft so far in the

week and the delay down .25%. yields the big story of course as well. ten-year up to 1.34. 30-year up to 2.14%. significant rise in yields both today and this week. at the close, with the s&p 500 down .2% negative .7% for the week, the dow is flat, just positive for the week the facts that composite closing essentially flat but still down 1.6% for the week. sara. >> that will make it four down days in a row for s&p. welcome back, everyone, the "closing bell. i'm sara eisen along with wilfred frost and mike santoli, cnbc senior markets commentator. take a look at how we finished up the day and the week on wall street the dow closed higher just barely it reached an intraday record around 11:00 and then lost steam. lower on the week. s&p 500, closing down .2%. four down days, which is the longest losing streak we have seen so far this year. on the week we are down about 3/4 of 1% breaking a

three-week win streak. the nasdaq, closing higher, just bearly it would have also been down four days. but down on the week, 1.6% for its first down week in three the russell 2000 had a great day, best day since february 8th. small caps gaining 2.8%. still ahead, a first on cnbc interview with twilio's ceo. the stock was sent soaring and then james quincy, coca-cola's ceo. first, eugene profit is still with us. steve stas knick joins the conversation welcome, steven. first i will send it to you, mike on the pullback that we sue for stocks from record highs this week. how intense was it, and what was it >> low drama pullback. it is mostly at this point at the broad index level a pause. definitely some softness but it also happens in the

context of i think everybody looking for there being a bit of a window for a pullback. second half of february, sometimes weak today's options expiration, i heard commentary how it had the potential to create more downside pressure. then of course you have the fast yield rise in treasuries which can be destabilizing when it happens in a hurry you did see corporate bonds selling off. in that context the market held together you do see mega cap leaders buckling a little bit and you slully have seen a lack of upside progress just in the last several days and you still have the seasonal issues. but it is all together no big deal we are 1% off all-time highs >> steve, what is your opinion on where the vix is? it never seems to fall below 20 and stay there for a meaningful amount of time. >> mike alluded earlier this is sort of the happy zone for vix right now.

it seems to be where we have stuck ourselves. one of the things to keep in mind is there is a new factor keeping vix higher, and that's actually all the call speculation that we have seen and the markets adjusted upside calls always kind of depressed vix a little bit because they tended to have lower volume tilts than at money. now we are seeing a reversal of that they are also having higher implied volume tilts the smile is getting more symmetrical. that's putting a lift in vix stranger, when you look at vix futures they are anticipating real volatility out into april where they are anticipating about a 28 there is definitely an undercurrent of nervousness in the market that we are seeing through vix. >> so if you look at what's performed well this we can, eugene, and today in particular, the russell 2000 up more than 2% for the year it is up 14.6%

compared to the s&p 500, which is up 4% a lot of that action today was this the financials, a lot of 52-week highs in regional banks. are you repositions your portfolio around this rise in rates we are seeing? >> only slightly the russel really started back in november and it has been running since then i think more importantly today looking at what is happening in industrials and transports like deer and caterpillar bodes well for the rest of the year as mike said, the equal weighted index is performing better i actually think the market is performing okay going through here and as the vaccine comes on line, we are starting to get good news, i think we will see a run kind of coming out in the summer >> fed news in the mix today let's get to steve liesman who spoke with new york fed president john williams. steve, what were the takeaways

>> in our interview with john williams he was explicit about his lack of concern for the rise in the ten-year. he said he doesn't believe it is going act to restrain economic growth in the u.s. >> as the markets, especially the treasury market responding to some good news on vaccination and progress there and maybe reduce downside risks. and news around additional fiscal support we are seeing signs of rising inflation expectations back to levels that i think are consistent -- closer to consistent with our 2% long-run goal >> the ten-year yield has risen almost 45 basis points since the beginning of the year. a lot in the last nine years coming along with rising inflation expectations even some modest betting on federate hikes late they are year but williams said other fed officials are focused on how far the economy has to go to get back what was lost from the pandemic. >> honestly right now, the economy is still in a pretty

deep hole. employment is down by roughly 10 million from where it was before the pandemic unemployment is still quite high and employment to population ratios are really quite a bit lower than what we would like to see. so i think right now, you know, the economy has a way -- quite a ways to go to get back to maximum employment and we have a ways to go to get back to our 2% inflation target. >> williams joined the chorus of other fed officials in refusing to say when the fed might reduce its $120 million in monthly bond purchases saying he is in a wait-and-see mode. sara. >> when i heard that line, we are in a deep hole, it sounded so familiar to what secretary yellen said yesterday when she made a forceful case for more stimulus to fix this economy even in light of the better economic data like retail sales we have seen here's what she said >> would be good if we have really strong growth and i think this package will

help ensure this you know, the congressional budget office projected that without a package like this, it would take until 2024 to get back to full employment. and i think it's -- you know, if all goes well with the pandemic, and that's an area of considerable certainty how that will progress. but if all goes well, i think we could be back to full employment next year. >> the fed and the treasury are really singing the same tune, which is this is an economy that still needs a lot of help and still has a lot of people out of work and the stimulus -- it is a powerful combination you can see why the markets have embraced this idea they really do sound very similar. >> i think you have that right, sara i think there are similarities on two levels. let's remember, john williams is the former president of the san francisco fed before he came to

new york ya janet yellen former -- the two of them also cut from the same cloth economic believing that forceful federal reserve and fiscal action are what is necessary to help economies when aggregate demand is falling below potential the other similarity i think is this that right now, when you have situations when the economy is underperforming the fed and treasury policy come together. it's when you have the economy overperforming that you have the politicians at the treasury and fed officials -- that's when they separate. right now, it is very similar to the economic -- to the financial crisis in '09 and 2010 when the policies come together on both sides. >> steve liesman, thanks for that steve where is the --

>> it will be upward because it will follow the economic in the u.s. which will be better than other places and it will follow the interest rates which will follow the economic growth that may be a head wind on stocks particularly because we tend to be led by multinationals that benefit a bit more from a weaker dollar in terms of the exporting ability. all in all i think that right now, i think that until we get to -- until or unless i should say we get to a point where the treasury has a difficulty funding itself which i don't see at any time in the immediate future the dollar there are a is going to have a support underneath it. >> secretary yellen said that, too, doesn't see any concerns with financing the debt. eugene, we will turn it to you for the last word on technology. we saw the nasdaq pulling back and saw some of the big beloved names like apple and microsoft get hit. are you trimming positions or do

you keep your faith in tech? >> i already have. i think they are expensive from a historical standpoint. it is just a little bit of a brief pullback i just think you can find less expensive securities in other areas of technology but staying with microsoft and apple will reward you very well and really what's going on, i think, anyway, is that as the vaccine is coming on line, that's the real driver of the stock market performance this year right? so i think that's starting to go well we are concerned about the variants but as long as that continues to go well large tech will come back into folk news steve and eugene thank you for joining us good to see you. shares of twilio surged after reporting results earlier in the week. up next, ceo jeff lawson will join to us react to the numbers fos y'y out the compans efrtto help in the covid vaccine efforts. a first on cnbc interview, when

"closing bell" returns and so do retailers. which is why they're going hybrid, with ibm. a hybrid cloud approach with watson ai helps manage supply chains while predicting demands with ease. from retail to healthcare, businesses are going with a smarter hybrid cloud, using the tools, platform and expertise of ibm.

we see breakthrough medicines getting to patients in record time. at emerson, our automation software is empowering pharmaceutical companies to accelerate their production of critical vaccinations for the world. emerson. consider it solved. shares of dwilio falling today after hitting new highs yesterday. this comes as the company posted better than expected quarterly results and a surprise adjusted profit joining us now in a first on cnbc interview, jeff lawson, twilio's ceo good to see you. thank you for joining us >> thank you for having me. >> clearly, you guys have been on a very strong run

congratulations for that i guess my broad first question is, how long can the party go on to what extent is it kind of a covid-related boost to your last couple of quarters versus something that's structural and going to accelerate? >> well, there is a large secular tail wind. the importance of digital and digital customer engagement to every company in this digital economy is something that's gone on for the last decaded and is going go on for a long time. honestly f you think about how companies are winning the hearts, minds, and wallets of customers in this digital company it is by building better experiences in mobile apps, website, and actually engaging with customers across all the touch buttons you have you think about the businesses you like doing business with, they tend to be the companies doing really well at digital execution. those are those customers. we have 220,000 customers in our customer base. and they represent companies in

every vertical sector or continent you can imagine. digitate disrupters and incumbents in every country that's having to embase digital. they are our customers. >> the customer numbers are impressive to what extent is the size and type of company changing though? again, are you adding more, but perhaps lower quality, smaller size at this stage >> actually quite the opposite we are adding amazing customers. we talked about jp morgan adopting twilio to power part of their customer experience. we talked about h&r block adopting multiple twilio products to build an amazing customer experience for tax filers so there has been a growth of the enterprise adoption of twilio we have seen that trend for a while now and we would like to see it continue. last quarter talking about financial services, we see the adoption of twilio by both

digital disrupters and incumbents in every sector we had a for shun 500 bank and robinhood. you have got everybody who needs to embrace digital both the start-up as well as the incumbents and when they do. they are all turning to twilio. >> it is good to hear that robinhood is using you it sounds like they could use some good communication with their users. jeff, i actually had a question about one of the industries which has been harder hit. travel and leisure i know the exposure there is not huge four. but you have had a peek. are you seeing signs of life now that people aret going vaccinated >> obviously we have seen air travel and hospitality start to pick up. i think it is a slow path to get back to what it was in the previd times but we are seeing those industries pick up what is interesting is even for those affected industries, they have had to really invent their way through this pandemic, too they have had to figure out how am i going to keep my customers

engaged through this pandemic when they are not taking as many flights or not staying in hotels anymore. but how do i maintain that loyalty? how do i make customers know that we are here and safe and ready for their business when they are ready to be our customers again? there have been a lot of new activitiesthat the hospitality companies have had to do in order to react to the pandemic as well. >> what is the $175 billion raising for? vatly, how is the segment integration going. >> the fund raise is to have a healthy balance sheet. for a company of our size, market cap and growth rate we wanted to make sure our balance sheet is right sized the segment acquisition is going fantastically. one of the first things you do when you start integrating is a lot of the cultural things as we started to dig in with these teams you see look every company out will is trying the grow you do that by understanding your customers, who they are and engaging with them in a compelling way the way companies to do that,

especially b to c companies is by taking the data about customers they have based on what you bought, what you looked for on the website, what you used in the mobile app, when you have contacted support, take all of that data that the company has and use it to forge a better customer experience for you. that's what twilio does, take all the data trapped in all the systems that typically is hard for companies to make sense of they liberate that data and let you form a full picture of your customer based on every touch you have had with them and allow you to have a good user experience with them in every way. >> it looked like -- traffic revenue was a driver of growth what was that? was that the election? is that something that's repeatable >> we are used by political campaigns to do things like get out the vote and to mobilize voters as part of the advocacy that goes on as part of a

democracy. we did call it out it was more of a one-time thing. it was $23 million in the quarter. we called it out and said don't expect that the repeat because kinds of a one time thing because of the election cycle. elections have been a part of our revenue base basically every two years since we started the company. >> got it. jeff lawson, thank you for joining us to talk through the numbers. >> thank you very much for having me. >> ceo of dwilio. up next, mike santoli heading to the telestrator with a deep drive on unappreciated sectors. plus an energy drink bubble. i caught up with the ceo of coca-cola and got his take on the crowded energy drink case and the company's new investment in body armor. those comments straight ahead. it's hard to hope, hard to cope with crisis. so we get to work.

we mend, fighting for every person in every neighborhood; we, the coming of the common good. so dare to care, to be hope-sided. we're never divided, when we live to give, we always live united.

when you switch to xfinity mobile, wh you're choosing to get connected to the most reliable network nationwide, now with 5g included. discover how to save up to $300 a year with shared data starting at $15 a month, or get the lowest price for one line of unlimited. come into your local xfinity store to make the most of your mobile experience. you can shop the latest phones, bring your own device, or trade in for extra savings. stop in or book an appointment to shop safely with peace of mind at your local xfinity store.

stocks finished if week lower. let's go facebook mike santoli taking a look at some overlooked parts of the market. i love it when you do that, mike. >> sara, you know, sometimes it means looking at areas where you can understand why people are neglecting them. right? this is basically consumer

staples as well as the sort of dividend arhys troe kratz, companies that paid dividends many years in a row. they are being neglected because everybody wants leif to the cyclical up turn or huge addressable skmarkts pass sales growth but in the process these are becoming relatively less expensive. this is the relative p/e to the s&p 500 of each groups they stayed in parity with the broad market the last several years until recently as the market got more expensive driven bicyclecals and big tech this is the dividend yield you get up to 50, 60% higher dividend yield than the stated dividend of the s&p 500. why? we know why. yields are going up on the bonds. it is not as if everyone is chasing high dividend yields

it is giving you a chance perhaps to add some of these boring sectors to a portfolio that could fact as ballast down the road >> mike, mancz. up next, getting back to growth we caught up with coca-cola's ceo and got his take on the outlook for the rest of 2021 that exclusive interview ahead "closing bell" back in a couple. oh. their award-winning content is tailored to fit your investing goals and interests. and it learns with you, so as you become smarter, so do its recommendations. so it's like my streaming service. well except now you're binge learning. see how you can become a smarter investor with a personalized education from td ameritrade. visit tdameritrade.com/learn ♪

we are getting a news alert

here on president joe biden amb nomination kayla tausche with the latest. >> sara, west virginia senator joe manchin put out a statement saying he plans to oppose the nomination of neera tanden to be president biden's budget director because of the 50/50 split in the senate the democrats can't afford to give up each a single vote if they hope to pass the nomination this all but guarantees she will not pass because the nomination has emerged as something of a lightning rod for the gop who sees her as a highly charged and partisan nominee for the office of management and budget we are awaiting a response from the biden administration about how it plans to proceed with this certainly, it would appear that tanden's nomination is in jeopardy if not the very end of the road for her by manchin saying he will not vote for her. >> that was going to be the tricky one

ka la tausche. coca-cola telling us today they intend to acquire a controlling interest in sports drink company body armor but body armor says reports are premature. while this is one scenario for body armor there are other options for the future of the business i spoke with the coca-cola ceo james quincy and started by asking him about their intentions with body armor and whether he thinks they can eventually take on the market leader, gatorade >> we made an investment in body armor a couple of years ago. and the announcement today is really in a way a technical thing because we have a make a prefiling with the ftc, the opportunity to take a bigger stake comes later this year. and so we have to go through the ftc before anything else can happen but we have been certainly very happy with our body armor

investment it has been interesting. it has been bringing new consumers to the sports drink category a great compliment for us between body armor and power aid. we are happy with the investment and the progress so far. which is of course why we are starting to begin the process of looking at the puts and goals at the end of the year. but great progress so far. >> is it something that you can do, eventually take on gatorade, which has such a tremendous share? >> yeah, there are certainly no guarantees in life but there is nothing wrong with aspiring to be a leader not just in every category globally but in every country. there are countries in the world where we started very far behind in the sports drink category and over some extended period of time have been able to take leadership i am not sure i would promise that at all in the u.s. but we certainly see an opportunity for our portfolio brands to help the

company and partners do a lot better in sports drinks globally and also in the u.s. >> when it comes to sports drinks, and energy drinks in a related category, it does feel like everyone is getting in, the big companies like you and pepsi, or celebrities. there is obviously high growth in this category but is it getting too crowded? >> yeah, there are a lot of -- i mean, there is fast-growing profitable category, then people are going to try to get in history would certainly seem to indicate that exciting categories appear. a lot of people try to get in and over time there is a shakeout and you get clear leadership with a few other important brands positioned around the leader and so it does not surprise me that there is a lot of innovation a lot of interest in you know, the higher growth, more profitable categories in the broad beverage industry. and it's not that that -- what we have to work out is what is

it about what we are going do with our brands and our innovation that means we will be one of the winners when the dust settles in these or any other new and exciting categories. >> part of that has been shedding the underperforming brands, which was huge news this year is that process over is fresca safe >> yeah, at least -- at least this time around, we made with our decisions on the portfolio clearly not all of them have been incubated some will kind of flow through into this year but we will have a continuous process over time of making sure that each brand that we invest in and support and are supported have the potential for scale and profitability and growth into the future >> fresca, just to be clear, stays? i know there were some shortage this is year >> for the fans of fresca, rest

assured, it is not on the list of going the shortages in 2020 were very much related to the difficulties in the supply chain given all the restrictions on covid and some of the restrictions on the number of cans available in the marketplace. so we did suffer on fresca and a couple of other brands shortages which were obviously very disappointing for those consumers. obviously disappointing for us, too. we are working to pick all those problems the can market is still pretty tight in the u.s but those were due to supply chain issues, not lack of interest in making the brand available for everyone fresca fans, rest assured. >> you are clearly focused on the growth picture right now coming out of the pandemic i think it's why wall street has been so excited about new categories like alcohol and seltser.

where else do you see potential for growth, which brands >> the biggest growth driver for '21, the coke brand was growing precovid it grew lieu covid and on an absolute basis is likely the biggest driver of growth for the company. there are a lot of exciting things happening around the coke brand. i think there are a number of others yes -- chico has interesting early days hard was interesting when it launched in the u.s., too. and there is a number of really good brands out in asia, innovation in japan and in china. so the important, ast-growing good margin categories will continue to be tight but for us, what is really important, what will make the numbers work for the coke company is if we can marry together innovation and increasing the reflgs of the brand of coca-cola with the

acceleration of growth in other exciting categories as supported by innovation. >> it is also going to be somewhat dependent on the macro economic environment always is. james, wanted to ask you about the u.s., where receive seen a growth spurt in retail sales very strong, after more stimulus injections what are you seeing on the ground from the u.s. consumer? >> clearly there is strength in consumer spending. obviously that's still somewhat affected by what degree of lockdown you are experiencing by state or by locality but we are seeing a reasonable amount of consumer strength. i think that is a degree of pent up demand, whether it is the u.s. or other parts of the world or -- when we get to a point where there is a greater degree of vaccination, when there is more freedom to go out

i think that's true because you can see it in the savings rates. there is some pent up demand their in fact economic issues of how government support will or won't continue, going forward, whether it is the u.s. or other european markets for now, the consumer is resilient but waiting. i think that's the key thing that we will see hopefully as we get into the summer. >> what about globally which spots do you expect to see the most promising growth from the consumer which are going to be more challenging and slower >> we are already seeing growth in the aviation markets, particularly where covid programs have brought it under control. so those beyond the line fundamentals or the macros are reasserting themselves and you will see growth. we are also expecting to see europe come back to growth, particularly as we get towards the summer, between the lockdowns, the vaccinations, and the likely natural improvement

of conditions due to weather so we are expecting to see europe bounce back in the summer as well. and then, you know, the other parts of the word, somewhere in between. >> our thank to coca-cola chairman and ceo james quincy there. wilfred, positioning coke as a reopening play both on the macro and also on the growth picture they spoeg at cagney, the consumer an list conference today and targeted -- revenue growth, built on innovation asks m&a, like the stake in body armor, which they do intend to increase to a majority stake they also say they are going to be investing in coke energy. coke zero sugar he said is going to be the big winner for years to come versus the brand coke and diet cody coke which are the biggest part of the portfolio but not the fastest growers. >> alcohol stuff -- at the

moment they are just dipping their toe in so many spaces they can go to long term. the other interesting not necessarily on its own, but the mixture of coax coke -- knew you were going to go there. >> the coke and coffee in one, rather than the costa. >> it is coke coffee, a new beverage, they tested it in japan, they could have been do tests in in a market they are taking it more global and they are taking bigger risks when it comes to the innovation and consumeser tastes. coffee has been a big growth category, not as fast as energy drinks but up there. they have take done the cost of coffee deals that is a place where they can expand they were sidelined by the pandemic and release the coke coffee and see if it sticks. i like it. it is pretty good. a lot of caffeine is >> i haven't yet. still to come, two big name

theme parks making a push to reopen amid the pandemic the full rundown ahead "closing bell" back in a cploue. stay restless with the icon that does the same. the rx crafted by lexus. lease the 2021 rx 350 for $429 a month for thirty six months. experience amazing at your lexus dealer. we see smarter software delivering cleaner power. emerson's breakthrough technology enables the power industry to integrate renewable energy sources to modernize and improve the electric grid. emerson. consider it solved. this is how you become the best! [music: “you're the best” by joe esposito]

[music: “you're the best” by joe esposito] [triumphantly yells] [ding] don't get mad. get e*trade and take charge of your finances today.

welcome back time for a cnbc news update with >> hello here's what's happening at this hour, everyone just a day after south carolina's abortion ban went into effect a federal judge temporarily suspend it she will hold a hearing on suspending it on march 9th >> kim kardashian has filed for divorce from ken yea west. the couple tied the knot six and a half years ago and have four children together. nasa releasing stunning pictures from mars including the perseverance rover during his decent to the surface. also the first color images from the probe. look at this video truly shocking keep your eyes on the middle of the screen we will put that up in a moment a. woman is lucky to be alive here it is, after her car trumbled off a wisconsin highway ramp sheriffs there say she was driving impaired and lost

control of the vehicle she escaped with just back and neck injuries and a broken arm hard to believe. walking away with minor injuries compared to what could have been whap happened when you look at that video. >> my god. thank you. up next, a fintech game change center tom rickets merging his bond broker with a silicon vaeyasll-bed fintech start-up he will joins us with all the details. "closing bell" will be right back this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. 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

with a bang, like you energy and change came to every part of our universe. seismic or small, it continues. change is all around us. shaped by technology and human ingenuity, we can make it work for you and your business. ♪ twinkle twinkle little star ♪ this fall, inspiration4 launches as the first all-civilian mission to space. and you could be on board. ♪ up above the world so high ♪ visit inspiration4.com for your chance to go to space.

good morning! this is where everything started. the four way is engulfed in history. you're sitting in the place where giants ate. the four way is the heart and soul of the community. ♪ this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions.

fidelity. -- capital an underwriter of fixed income security announced a merge with 280 cap market this week the new company will be taild called inspirex and will focus on improving fixed income and trading. joining us for a first on cnbc interview, tom rikt, also chairman of the chicago cubs reading lieu the press release, the main reason for the deal is to boost your tech capabilities. is that fair >> that's part of it i mean, i think it is one of the few mergers where one plus one really does equal three because it is a such a great fit for both companies first of all, i want to say

congratulations to the ceos of 280. they did a really great job. their teams did a great job to get this done. the reason it worked so wall is capital has always been about using technology and product design to democrat advertise the investment markets whether that's in traditional taxed income corporate bonds, things we have done along those lines. we are also the leading distributor of mankt lirched securities for people that do equity investments that want to build in different types of return profiles. we have always had that. but the fit with 280 is important because first of all they bring if a deep expertise in the municipal market where we have been more taxable historically there there are underwriting and trading of municipal markets is completely accretive to everything we have ever done. and secondly they bring in the bond app system. it is a cloud-based system where

we aggregate different platforms all the information on different platforms. where you are an raa or a wealth manager or an institution, if you are looking for a bidder and an offer, you can get the maximum amount of information. then once you put the trade in, once you put that order in, one of our traders will take a look and see if there is a way to get some price improvement four. in about 70% of the cases you can find price improvement so in the end that's really good for investors. and if you are an raa or a wealth manager or an institution like that you should be on our platform there is about 370 firms now and we expect that will grow rapidly over the next few months so it's a great fit between two companies. and i couldn't be more excited about it. >> what about, tom, retail investors? clearly, there has been a massive surge over the last year are you expecting to capitalize on that surge and expect retail traders to embrace some of the more complexed fixed income mortgage backed security

products moving forward? >> it does -- we do serve a lot of retail investor, individual investors. and our product design has always been about making bonds simple, making bonds easier for people to purchase, giving their advisors a lot of tools to create simple ladders and manage portfolios for investors i don't see a lot of, like, individual investors coming out and trading. i don't know if there is any game stop analogies in the bond market we wouldn't recommend you do that. in the fixed income world what you want to do is be steady, build ladders, be consistent don't time anything. don't try to outthink ig anybody. just be consistent with our equity linked products or market linked products there is a lot of ways you can hedge your exposure to the stock market through various return profiles i didn'tway i don't think a lot of traders are going to be running through this platform to do game stop-type trades. >> tom in the time that we have with you, got to talk a little

baseball of course do you think we are going to have anything resembling a normal season as vaccinations go out? >> yeah. i certainly hope so. obviously pitchers and catchers are down there right now the whole team is reporting in a couple days. it will be varying by state, by location, how many people will be allowed in each ballpark. you know, we are hoping to have people in wrigley, you know, as soon as we can and have that grow over the course of the summer so hope that with vaccinations and better treatments and better testing by the end of the summer it will feel like a regular baseball game. >> i think baseball fan dr. fauci has said as much as well tom rickets, thank you for joining us on the new investment. >> thank you. >> we appreciate it. up next, a double dose of theme park news. hong kong disneyland is oks ening again. lolike six flags isn't too far behind all the details when "closing bell" comes right back

y, guys! they have customized solutions to help our family's special needs... graduation selfie! well done! and voya stays by our side, keeping us on track for retirement... giving us confidence in our future ...and in kevin's. you ready for your first day on the job? i was born ready. go get'em, kev. well planned. well invested. well protected. voya. be confident to and through retirement. dana-farber cancer institute discovered the pd-l1 pathway. pd-l1. they changed how the world fights cancer. blocking the pd-l1 protein, lets the immune system attack, attack, attack cancer. pd-l1 transformed, revolutionized, immunotherapy. pd-l1 saved my life. saved my life. saved my life. what we do here at dana-faber, changes lives everywhere. everywhere. everywhere. everywhere. everywhere.

hong kong disneyland is reopening and six flags has big reopening plans as well. julia? >> this is the third time that

hong kong disneyland has closed down due to covid. disney owns less than half of this park and that park's performance has lagged in recent years. but this reopening even at limited capacity does represent a light at the end of the tunnel for disney's park, projecting a better than expected quarter back in 2019, the park parks accounted for 37% of disney's revenue in a that fiscal year. this comes as six flags announces it's preparing to open all it's theme parks and water parks saying they are hiring and working with state anded federal officials. shiers of six flags gaining nearly 5% today. guys >> julia, my question is on demand these parks are slowly and surely opening with no doubt lots of safety precautions are people coming?

and are ticket prices going to be dropped are there promotions to get them in >> well, i know for disney at least, because we did get toes quarterly results, which in the u.s. we're just reflecting what's going on in florida, at disneyworld in florida demand has been significant even as they've looked at bookings further out disany says they've been assured and happy to see that kind of demand here in california, there's no sign yet of when the theme parks will be able to reopen there's been some back and forth with the government on setting some dates there it seems like people are excited. there might be some pent-up demand there >> julia, thank you. >> up next, etsy, virgin galactic, airbnb and door dash february is black history month, all month long we're honoring

some of our cnbc contributor here's jason snipe on the importance of being active in your community. >> it's important as a success 68 professional to give back to your community it's very easy to forget where you came from. there's a generation that's coming up behind us that we need to impart the same knowledge that was given to us and that's how you be an active participant in your mmitcouny. 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. don't get mad. get e*trade and start trading today.

and in an emergency, they need a network that puts them first. that connects them to technology, to each other, and to other agencies. that's why at&t built firstnet with and for first responders the emergency response network authorized by congress. firstnet. because putting them first is our job. we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members, that's what's right. usaa. what you're made of, we're made for. ♪ usaa ♪

flexshares etfs are built with advanced modeling. to fill portfolio gaps and target specific goals. strengthening client confidence in you. before investing consider the fund's investment objectives, risks, charges and expenses. go to flexshares.com for a prospectus containing this information. read it carefully. 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.

time for your wall street look-ahead we will hear in the likes of home keepo, square, macy's sales force air b and b and door dash ready to report. we've got a big decision day on friday the dad pam of experts is meaning to weigh the j-and-j vaccine, whether it will grant emergency authorizations, which could open up more doses of supply promised to the u.s. government that's been the driver of this sentiment. they took a step back but they remain at all-time high.

>> the case count's crashing faster than most people thought nationally all that stuff is fed into this idea it's a universally shared premise that the economy is spring loaded to have a pretty big acceleration in the coming month. i don't know that the approval of the j-and-j vaccine is going to help or hurt that notion but i think it's in the hands of the bond market. treasury yields rushing high irand pricing in to more normal type of economy and it's all to the positive right now at some point it becomes slightly less loose. you have to see how the markets do digest that >> for a week that feels like it's a negative week and it certainly was for the s&p 500, though not for the dow, not a terrible week by any stretch of the manageation. if this is what a pullback is for the rest of the year, not too bad at all >> you can't guarantee that all pauses like this are going to be

this calm and shallow and all dips bought pretty quickly i do think you have to balance the view that the party is extremely resilient with the idea that it's lost some momentum i'm talking about the large cap indexes. they are influenced by the big huge growth stocks that are under pressure you had a lot going on underneath the surface the financials did great so much of the speculative stuff continues to fly, the spacs and the like >> there's earnings. we're still knee deep into it. the numbers have been better the outlooks are coming back is there a single mover. >> you know, you had a pretty pronounced pattern in general of stocks not trading well off of numbers, but those are two story stocks that people are usually willing to play the more distant hopes and dreams then sales force now a dow

component, we're going to get their numbers on thursday. >> as mike mentioned yield's one of the biggest stories 30 year at 2.13. stocks were mixed for the week as a whole we're out of time on "closing bell." thanks for watching. "fast money" starts now. >> i'm melissa lee and this is fast fast. karen, steve, jess and our newest "fast money" contributor, nadine, welcome, nadine. tonight, what a difference a year makes hit one year ago today but not all stocks came along for the ride we're looking at names that might be ready for catchup plus, the big investor who gave a big vote of confidence we've got a special bonus hour of fast coming up at 6:00 p.m. a deep dive into the new american investor. going to a