. it is 5:00 a.m. at cnbc global headquarters. here is your five at 5:00. stocks back at record highs after another incredible intraday swing for the dow jones industrial average it is not just the blue chip, reddit's favorite now on the up swing, surging 50% in the premarket. in the fight against covid, two new reassuring headlines today giving investors more

reason for home. in washington, d.c., seators weigh scaling back president biden's $1.9 trillion package, but what exactly is on the chopping block. and you've heard of 3d printed toys, engine parts, maybe even jewelry, but how about a 2,000 square foot house. 3d printed, it's thursday, february 25th, 2021, and you're watching "worldwide exchange" right here on cnbc ♪ we'll have a house party we don't need nobody ♪ ♪ when we break that box out ♪ >> i'm dominic chu in for brian sullivan today here's how stock futures are kicking this thursday morning off. we'll call them stable for right now. the dow jones industrial average implied higher by a modest 55 points and some declines here for the s&p 500 by 3 the nasdaq a continued focus, hot spots for traders implied down, 93 points.

we haven't seen a heck of a lot of movement over the last hour stable markets in the premarket trade. the action comes after an incredible swing from the dow industrials. erasing a triple digit loss to end the day at a record all time high check out the dow transportation index as well. also surging for a fourth day in a row to its own record high now, check out what's happening with treasuries. the ten-year yield at its highest since february of 2020 the benchmark note yield is 1.44%. the two-year around 1.13%. and the 30-yearlong bond, 2.29%. interest rates moving higher continuing to play out in today's bond market. with oil, u.s. based crude prices, wti trading at its highest level since january of 2020 63.47. world benchmark futures, 67.34,

half a cent gain there as well no more powell speak for now but still a busy day on the economic front at 8:30 a.m., you have january durable gods and a second rate of real second quarter gdp at 10:00 a.m., january pending home sales, it could be a leading indicator for existing home sales coming up later on. around the world, check out what's happening with the asian trade. you are seeing green across the screen they did have an outsized loss the day before the nikkei in japan up over 1 1/2% as well we will swing that globe around to what's happening with the european trade as well just about flat for the session on the german dax. the cac in france similar percentage gains as well generally green on the europea cont continent with the exception of a marginally down german cac

joining me now is steve s , do think this is a constructive up side market? >> it absolutely is, dominic you're in a scenario where, i mean, the vaccine and the virus data continues to improve and be incredibly encouraging the retail sales number we saw in january suggests that we have a ton of pent up demand still in the system, and you know, we're likely to see gdp growth numbers in the second and third quarter of this year that we certainly haven't seen inmy lifetime that makessense that this is a constructive environment for stocks and even with rates, you know, moving up, you know, quite a bit here, at least off of the lows, we're still only getting back to levels that existed before the pandemic, which again, makes sense the pandemic is very likely coming to an end, you know, over the course of the next let's

call it six months the market is pricing that in as a forward discounting method. >> are we out of it? is this done is the pandemic over we're still getting shots, vaccines, everything else. we know the markets are forward looking. does this mean that the world ahead is free of covid, and we don't have to worry about the economic lock downs anymore? >> i'm certainly not the person that's going to break the headline that the pandemic is over, though i'd love that opportunity and that honor no, i mean, what the market is seeing is a world, though, that is significantly better. you know, the vaccines that we have in the united states, the three that we have are 90 plus percent effective. if you go back to a year ago at this time, we didn't know about covid or at least were trying to get into it. the early expectations on the vaccine were we were going to get the flu vaccine, 40 to 60% effective. we get lost sometimes in the back and forth and political

nature of everything, but what the scientific community has achieved with these vaccines is tremendous i mean, it's unprecedented and when you look at the rollout in the united states, yes, it's slow and frustrating, but we have still vaccinated, you know 20% of our population. europe is somewhere around 6%. at least we have gotten one shot in the arm we're on pace to get the bulk over the summer and we should expect better economics and better health economics on a go forward basis and the market is excited about it. >> the markets are excited we can see it in what happened from the pandemic lows, with the nasdaq, over thelast six month with the russell 2000 small cap index, but there's interesting battling happening with regard to whether or not high interest rates should tap the brakes on the market only it seems for a specific part of the market. what's the part of the market most sensitive to rising rates

>> i mean, i think from a -- who benefits, certainly parts of the cyclical, banks were facing an inverted yield curve several months ago, and now we have the steepest curve in three years. there are beneficiaries to that. rate sensitive parts of the market, there where you look at the dividend pairs, outperformed 18, 19%, through labor day you would think that would be the part of the market with pressure from higher rates rates are so low from relative dividend yields, and relative to -- they're still very much supportive in the stock. the parts of the market most at risk might be fixed income or owning treasury bonds. what i think everyone needs to take a break or a breath on yields, we feel pretty confident that the fed is not going to allow the ten-year yield to

surge uninterrupted. there's still quite a bit of unemployment we heard that from powell. outright controls come on the table. we expect rates to go higher we do not think they are going to surge unimpeded between now and the end of the year. >> steve at fed rated, thank you very much for coming on with us. outside of the markets good news in the fight against covid-19 bertha coombs is here with that and your other top morning headlines. good morning, bertha. >> good morning, dom, as steve was talking about, these vaccines are pretty amazing. according to a new large scale study out of israel, the pfizer bio biontech covid-19 vaccine was overwhelmingly effective in protecting against the virus in real world usage mirroring f findings from the clinical trials the study by the research institute in collaboration with experts from harvard, and boston

children's hospital, found the vaccine reduced symptomatic cases by 94% just one week after that second dose, and reduced severe disease by 92%. on wall street, shares of churchill capital, we're watching those, are coming off a second straight day of massive losses closing down 1.8% or 18%, rather, just two days after announcing its deal to bring electric vehicle maker lucid public through a reverse merger. and the back-to-back drops following a nearly five-fold increase in the share price since early january when it was first reported that the two companies were in talks. the u.s. transportation department's inspector general is out with a new report slamming the faa in the wake of the two deadly boeing 737 max crashes. the government watchdog saying in part that the agency needs to improve its oversight of new aircraft and weaknesses in the

faa's process hurt the effectiveness of the oversight, certainly going to come into focus with the engine failures that we saw this week. >> thank you very much for the headlines. we appreciate it when we come back on the show, a tale of two countries when it comes to taking on the covid-19 pandemic our next guest breaks down the differences and similarities between the u.s. and the u.k. responses. that's coming up next. a stay-at-home stock winner under some pressure this morning. that name and the mystery chart will be revealed after this break. later on, we head to our nation's capitol where the senate is putting a key section of biden's$1.9 trillion stimulus plan on the possible chopping block we have a busy hour ahead when "worldwide exchange" returns after this break

welcome back the u.s. and the u.k. have labeled their covid economic recovery plans build back better signaling that the countries are looking to improve upon the state of their economies compared to how they were before the pandemic for more now on both countries plans for country, let's bring in nigel wilson, currently serving on prime minister boris johnson's build back better council in the u.k thank you very much for being here let's talk about first of all what exactly you guys are doing in the u.k. to build back

better >> we recognize we've got this huge infrastructure deficit. we need to level up at the same time the worlds awash with capital, and we have the speed of the accelerated investment that's required in the longer term. we're going to get a great boost in q2 and q3 for consumption we need investment led role, and that has to be in the rebuilding the fabric of our society. >> now, when you say rebuilding the fabric of our societies, that can mean a number of things here in the u.s., we've had this dream of a massive infrastructure program for decades at this point now. what's the u.k. thinking about in terms of how it will build back better. is it going to be in things like technology infrastructure, physical infrastructure, roads and bridges and tunnels and that sort of thing? >> it's absolutely going to be those sorts of areas we both understand infrastructure in the last 30 years.

we formed behind others as well. like austin, texas, similarly in the u.k., but across the whole of the united states, but the digital part of the facilities as well. we have to roll out 5g across the u.k. it's part of our leveling up the rich people have done pretty well in the pandemic that's not what we want going forward. we want more leveling up build back better is going to be part of that a principle part of that solution and the gaps in our investments are enormous, and what we would describe as traditional infrastructure however, the use of technology during the pandemic has been off the scale compared to what everybody expected we realize the massive potential in utilizing technology to rise even further economic roles.

climate change is one area of that energy is clean, green and cheap. renewables are here to stay. there's a global trend towards that the u.s. and u.k., and university systems and many big companies have been fantastic at developing technology. we have seen that in vaccination programs so we also see it in life sciences we see it in communications and entertainment. there are just enormous technological opportunities to invest as well to grow the economy. >> now, nigel, really quickly, we have a few moments left here, what do you think are going to be the key differences between the u.s. and the u.k.'s responses? >> i think the u.s. has got the most efficient capital market in the world, and very innovative financing. that's going to let them have a lead, coupled with advances all over the world you'll see america potentially

able to bounce back better my worry is everybody is going to be satisfied with the infrastructure investments, absolutely convinced we won't do that in the u.k. the u.s. doesn't have a track record of executing on infrastructure projects. >> nigel wilson, thank you very much for your thoughts and good luck with the recovery efforts in the u.k. >> thank you. still on deck for the show, reddit's favorite stocks are back in the spotlight, why wall street is still scratching its head over gamestop's surge this morning. but first, february is black history month, and we are honoring some of our cnbc contributors here is courtney gibson with her advice for the next generation >> one piece of advice that i would give to the next generation of young black people in this country is to be unapologetically black it is your superpower. it can be your superpower. it's up to you to use it

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more than 6.5% over the prior year nigel wilson just talking about the consumption led economy in the u.s good morning, welcome back to the show a number of stock movers this morning. let's start with shares of nvidia under pressure despite better than expected quarterly results. the company's ceo said he does not expect the business of selling processors to cryptocurrency miners in his mind to grow extremely large those nvidia shares down 2%. across the pond, standard charter restoring dividends and announcing a special stock buy back full year profits more than halved, but it's backing long-term profit goals suggesting it can recover from the impact of the virus pandemic those shares off 4%. netflix says it will spend

$ $500 million in south korea to develop new con tent also announcing two new films out of that country. one other stock to keep an eye on today is doordash, take a look at what's happening here. since its ipo, up 72%. door dash, one of the big beneficiaries of the virus pandemic the company will post quarterly results after the bell its first report since going public the shares up 73% since its ipo on december 9th. food delivery companies a huge focus for investors during the virus pandemic straight ahead on the show, moderna becomes the first vaccine maker to take on the south african strain those details coming up next. if you have not already done so, subscribe it our podcast if you miss "worlddewi exchange," check us out on apple or spotify or whatever spodcast app you choose "worldwide exchange" in podcast

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stocks, they're back at record highs, but futures this morning are on relatively shaky ground reddit's favorite trades surging once again some users saying they missed the first write up but won't miss it again. wall street left scratching its head. and building homes in half the time for half the price. you heard that right now one new technology is trying to change the real estate landscape.

hint, 3 d. it's thursday, february 25, 2021, and you are watching "worldwide exchange" right here on cnbc. ♪ i'm hooked on a feeling i'm high on believing ♪ >> welcome back to the show. i'm dominic chu in for brian sullivan on "worldwide exchange." here's how stock futures are looking halfway through the 5:00 a.m. eastern hour you can see the dow is implied higher by roughly 60 points. s&p implied lower by 2 points. the nasdaq a key focus under performing in the futures market implying an open of about down 73 points for the nasdaq index now, the dow is coming off a wild day, ending on a fresh record all time high you've got names like boeing, visa, chevron, goldman sachs, leaving the blue chips higher. this morning's premarket gainers right now. take a look at what's happening

there. you've got dow, johnson & johnson, j.p. morgan chase, honey well, and nike on the up performers we're keeping a close eye on treasury around 12 month highs at this stage, we are at 1.44% for the benchmark 10-year note yield or 13 basis points, and the 30-yearlong bond, just a hair below 2.3% as well. take a look at this dynamic. we are seeing some movements here that are being attributed to this idea of a reflation trade happening. that ten-year note yield going all the way back to the early part of 2020, the late part of 2020 there, and that move and since the lows, remember, we have come sharply higher, this idea here that there is a reflation trade happening, a recovery happening, possibly prices picking up. that's leading to gchanges in te

market check out the nasdaq 100 and small cap index. the nasdaq has been an out performer for years. take a look around november of last yoear. we started to see a divergence happen and it's gotten wider and wider and wider. all of a sudden now you see the small cap index markedly outperforming. the nasdaq 100 up roughly 13%. valuations are a concern rising interest rates perhaps denting some technology stock valuations but small caps still playing higher on the idea that we could see a reflatin still happening. stocnks, that's a meme word these days, check out the premarket action in shares of amc, gamestop, up 52%. it's $140 a share a handful of days ago, around 40 to $50 a

share. amc up 19 percent. keep an eye on some of those names because they are moving again in the premarket singling out the poster child, gamestop, surged more than 100% in late trading yesterday. analysts ruling out a short squeeze like the one we saw back in july. some pointing to an executive reshuffle. others pointing to renewed interest on the reddit wall street bets forum. a staggering move to watch, as you can see there. up 54% in the premarket trade. that's off the highs we have seen in the premarket. now to top corporate headlines bertha coombs is back with those. bertha. >> thanks, dom moderna says it's starting clinical trials of covid booster shots for the highly contagious south african variant of the virus. the company has shipped doses to the nih for an early trial.

verizon is the top bidder in the license to use airways for 5g, the s.e.c. announcing the winners yesterday. verizon's subsidiary bid 45 1/2 million dollars, and at&t bidding 23.4 billion and tesla is halting production of its model three line in california bloomberg says workers at the plant were told the line would be down until march 7th. tesla shares this morning down about 1% that's going to be one to watch, dom. >> bertha coombs, thank you very much to that to washington, d.c. now where senators are eyeing potentially significant cuts to president biden's landmark $1.9 trillion covid relief bill. what's on the chopping block >> we're expecting to find out whether the minimum can survive as part of democrats' covid relief page.

the senate parliamentarian heard arguments from both parties and i'm told adecision is likely today on whether this higher rate would comply with the special rules that democrats are using to fast track this bill. budget committee chairman bernie sanders told reporters yesterday that he's confident democrats would prevail. >> we think that what we are proposing is consistent with the bird rules, consistent with the reconciliation process and hope she rules in our favor there are tens of millions of workers dependent on raising that minimum wage. >> trying to counter the methods with alternatives of their own senator josh hawley is floating a blue collar bonus, a special tax credit for those making less than the median national wage. senator romney is proposing raising the wage to $10 an hour after the pandemic ends. other republicans say the minimum wage doesn't belong in democrats' proposal at all. >> the minimum wage has got

nothing to do with covid zero to do with covid. it's got everything to do with their liberal wish list. >> now, some moderate democrats are uncomfortable with going up to $15 an hour so dom, the politics of raising the wage are just as complicated as the process back to you. >> obviously politics, there's a lot of nuance here, but i'm curious how this is even a debate how are the democrats even questioning this idea of a $15 minimum wage i thought that was part of the whole package that democrats were seeking why is it even up for discussion right now within that party? >> the reason, dom, is senator joe manchin of west virginia he said that he thinks $15 an hour is too high he thinks $11 an hour is more appropriate, and there are other senators that agree with him senator keyrsten sinema who feel $15 an hour is too far

and some believe tax breaks with small businesses to help them comply, and you have progressives who say that $15 is a floor, not a ceiling, and they are unwilling to see their party compromise on that and accept a smaller number if this is ruled out by the senate parliamentarian, they're willing to accept that they don't want democrats to start bargaining with themselves, and lower that number even if this is ruled as okay by the senate parliamentarian, it still has a lot of hurdles to face before it makes it into the bill, dom. >> a lot of cross currents in the debate over that bill. thank you very much, ylan mui for the latest with what's happening with that bill. the company behind malibu, jamison, absolute and more, the u.s. consumer 12 months into the covid-19 pandemic. we'll see if the comments echo others heard on cnbc in the last 24 hours

we're talking liquor coming up after this. it's murky as we peer into the future, we can look to markets like china where there's been terrific containment of the virus, and you see occupancy levels returning almost to prepandemic levels the challenge as we look around the world, occasionally we'll see a spike in infection rates and it has a chilling impact on demand. >> we're optimistic for 2021 we think this is the beginning of a long growth trajectory. we're not concerned about a relapse. >> in many ways, these habits will maintain for an extended period of time post pandemic other thing that the pandemic did was it caused consumers to move toward trusted superior brands, which then benefits companies like p and g. >> i think the digital growth obviously was a key piece of the puzzle in 2020 it's going to continue to be a growth engine for us in the

years to come. >> our product is resonating with consumers in levels we have not seen in years. as proud as we are with our results so far, we're even more excited about the future you looking good, like that hair, you got it down. i gotta work on mine. see you later darling. smiles are contagious. (laughter) i love it. 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.

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diana olick got an inside look at one of the first going up for sale right now, right here in our own backyard >> it may look like tooth paste, but this 3 d printing technology is spinning out a 1,900 square foot house the concrete foundation, interior, and exterior walls and utility conduits this is the final product. new york based s q4 d printed the model home in two days with barely three workers, and it's cheap. >> our profits will be higher and we will be able to show that with more projects we do. >> how do you sell a 3 d printed house. >> i like to think it sells itself. >> what is the weirdest thing anyone has said to you when they walked into this place. >> oh, man, is it plastic. >> the company has the permits to build on this site down the road, the first 3d printed home,

1,600 square feet, two beds, two baths. >> the offers are in the thousands. people are seeing the price across the nation, and loving that >> layer by layer. >> reporter: potential buyers like the johnsons from kansas city are already lining up. >> we have been looking since september of last year a lot of the homes in the two counties, it's just impossible to find anything at this price. >> and this quality. >> reporter: so this is the raw interior of the 3d printed home kind of like your exposed brick. if you don't love this, they can s smooth this out for you. there has been so much interest, the builder has gotten land offers to build 3d communities not just in long island, new

york, but all across the country. i bet we're going to see a lot more of this. >> you're not that far from us right now. it's in our wn backyard. can you tell us a little bit, what exactly is the fmaterial they're using, is it a 3d plastic house? >> no, concrete. >> solid poured concrete. >> so with all the technology, why are the costs so much lower for the builders in this kind of an environment using these kinds of technologies and yet the same materials? >> so it's not exactly the same materials. when you think about a concrete foundation on the house, yes, that's the same. but think about the lumber costs. we have been talking about the spike in lumber for weeks now. it's incredible, adding $26,000 to the cost of a newly built home, the spike in lumber prices in the past year, according to the national association of home builders, but also the labor costs. remember, we have a severe labor shortage, and that raises costs again for builders to try to get

more labor in, to get them to stay on the job. this house, you can build the vast majority of it with barely three people you have to put the roof on and finishings most of it is done by a machine. >> a fascinating story there the future of home building. diana olick, thank you very much, we appreciate it. throughout the covid pandemic, consumption of alcohol at home has increased as bars and restaurants of course are just opening back up now the maker of absolute jameson w whiskey and more joining us is ceo of ricard north america and your headquarters is not far from where i live in connecticut out there, but you know, i've stayed at home. i've consumed more but not that much more. how big of a spike has consumption been in the u.s. for beverage alcohol >> yeah, good morning, dom great to be on today

let me tell you, we've seen in-home consumption of alcohol basically upset what we've seen come down on the bars and on premise. and so people are enjoying spirits the home, and enjoying making cocktails at home we have seen a big surge in our portfolios really benefit from it. >> now, what part of the portfolios are benefitting the most is it spirits? what types of spirits? is it the champagne side of things what's driving the growth in beverage alcohol consumption >> it is 100% spirits. we're seeing sourcing of volume from other parts of the category, and i'll tell you, there's some trends going on first, we've heard it many many times, trusted brands and so a brand like us for jameson which is a big household name. we're seeing huge growth in innovation with cold brew and black barrels. we're seeing a lot of trends around cocktail making at home

cordial, malibu, kaluuya, doing extremely well also with the pandemic, we're seeing a lot of, you know, social unrest. people are looking for brands that have values and are willing to take a stand, and we have done that with absolute, and really created a brand that you can buy into so the kind of responsibility approach that we have taken on absolute with how we have marketed that brand, and then finally, people are buying things like high premium tequila, cognac, you're seeing it with our american whiskey's portfolio. so high premium gin. we have seen that with 47. you see a lot of premium, people wanting the high marks you are seeing big trends across the board, and it's really helping a portfolio like ours. >> if those are big, anne, big secular type of trends moving the market right now, how much longer do you think the kind of

covid momentum that you had can be sustained it's got to trail off at some point, but is it in 2021, 22, '25. >> i feel very bullish about what we're going to see even post pandemic because you're going to see the bars and restaurants come back, but you're also seeing a new behavior in home so it's really going to give a resurgence to the category you're going to still see a lot of in-home celebrations, even post-covid, and in covid i see a lot of resurgence post covid coming into this industry. >> here in the u.s., and this is a market you're familiar with. in the u.s., it's been very much about bourbon for several years at this stage. the prices for premium bourbons have gone up a lot i enjoy it my colleague, wilson frost has been into bourbon. how much more is the investment in bourbon going to be for a

company like ricard seeing the kind of growth you have seen in that part of the market. >> i will tell you, american when whiskeys and bourbons, you're going to see that trend continue you're going to see a lot of innovation you mentioned jefferson. this is a brand we've actually started to do innovatve ways o ageing the bourbon we put it on a ship, and across the world and across the equator five times and all the sea salt gets into the cask and creates a different liquid people are getting sophisticated when they understand what kind of bourbon they're looking for. >> please stay in touch, tell us how those trends continu in th coming year. >> got it. thank you. on deck for the show, breaking down the reddit rally, what carrie firestone and courtney gibson have to say about the premarket action in the stonks if you haven't already done so, ybscribe to our podcasts. ifou missed "worldwide

exchange" at all, check us out on apple, spotify, "worldwide exchange" audio format will be right back ♪♪ dad, i'm scared. ♪♪ it's only human to care for those we love. and also help light their way. ♪♪ it's why last year chevron invested billions of dollars to bring affordable, reliable, ever cleaner energy to america. ♪♪

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we've got a very busy day coming up on cnbc. the place to go for ceos interviews, that is. keep it right here for exclusives from bob bakish, jensen wac, rich allison, mark ben i c benioff. that's coming up throughout the course of our day here back to the markets and futures with the dow at an all time high that it hit yesterday. major attention is being paid this morning on the reddit stonk favorites. gamestop, amc, all up big after this morning and late day rallies yesterday with seemingly no news really driving the action we've got exclusive data provided to cnbc to show what's getting the most mentions on reddit in a given hour

here are the numbers on just gamestop alone you can see there 10:00 a.m. yesterday, a thousand occurrences. all the way up to 2,000 talking points and threads there at 6:00 p.m. eastern time mentions of gamestop on those reddit threads more than doubling over the course of yesterday's trade. joining me now is courtney gibson, capital fire stone, chairman and ceo cnbc contributors. thank you very much for being here right now courtney, let me startwith you what's going on with these stocks i thought these story lines were done >> hey, dom, so good to see you this morning you too, kari. done or not done, i think we all know that roaring kitty, he bought more gamestop, wasthe word i heard on friday, talked about the fact that he bought 50,000 nor shares on friday, and his stock is worth over

$8 million i'm not saying that's what's driving this per se. it could be a myriad of factors, from management shakeup. it could be things you and i don't know about when the news hits the tape, we won't be surprised that it's something major, but right now, this is just a bit of interesting play, shall we say, in games. >> so you've seen quite a bit of this type of action play out over the course of your investing career, is there anything about these stonks, these meme internet type stocks, wall street reddit typical stocks that gets your attention in wanting to invest in any of them >> hi, dom, and courtney i would say that up until a month or so ago, who in the investment professional business knew about the reddit hot list we just got used to looking at the robinhood top hundred, so this is something new we have to

pay attention to because of the amount of activity the volume that was going into these trades but ultimately, what we really have to care about are fundamentals are the names on this list, is gamestop worthy of our investment because of its fundamentals we invest in a portfolio of about 35 names does gamestop make that list it doesn't it's a name we have known in the past, owned in the past, ten years ago we have own gamestop wit we have to pay attention to the action money that goes into gamestop comes from someplace else. it comes from ampple or facebook it might come from cash. these are factors in the market that have to inform decisions we make i it's not because we're buying a list because it's on reddit. >> it is interesting because you can say by the charts that you have made more money in gamestop

than you had in apple over the course of the lastsay six to twelve months. there are very different profiles for people who traffic in a name like gamestop versus other stocks like carrie mentioned. who should be trafficking in names like amc, gamestop, cos and others >> i think carrie made two important points before i jump to that point. i think there's two things that we have to remember here, there are people that are traffickin in names, and there are people investing names for the long-term. i'm not sure that the traders that are in gamestop are thinking about the long-term fundamentals of the company. if they are, they are investors. we have to segment the two i can't determine whether or not someone should have this in their portfolio or not that's up to them or their financial adviser at this juncture what i can tell you and carrie

is 100% right, you have to pay attention to the price action. you have to pay attention to the volume because it is coming from somewhere. i'm not saying that'swhat's causing the selloff in tech right now, but one might want to think about why it is we are selling off right now and were people raising cash potentially to buy some of these names in the marketplaceand this is, again, not just a retail play. we saw some block trades going up in games, so i think we have to really pay attention to what's happening, the volumes that are trading, the size trades to understand kind of the flow within the market right now in these names. >> so that brings up a good point to kind of talk a little bit about what people are doing with regard to allocations here, carrie when you said before that when you buy certain things there's always an opportunity cost selling something else, using cash, whatever it is what exactly, then, does seem attractive to you carrie if it's not stocks showing 2,000% returns over the course of the last six months to two years.

>> i would take that anytime so what we have been buying on the reopening side, a name like american express, it sells for under 16 times earnings, people haven't been traveling for business, spending money on their vacations. it's the type of stock that in this market will be helped by higher interest rates and the reopening of all kinds of venues that people used to use for leisure spending how about remax. it's the largest broke rage firm that's public, rmax, we like that name here, a small cap too, and people like small cap stocks sl green, it's the largest real estate owner, commercial real estate in manhattan is a name we have been adding to that we like we also, again, bought some scientific, very few discretionary surgeries last year, and that's the stock that has under performed and we think over the next year or two trades higher o'reilly auto parts.

people didn't drive a lot last year mileage was down we're going to see more driving the stock has come in and we find it attractive here. you can make the case for facebook right here. facebook is trading for under 20 times next year's earnings and the stock has been hurt with apple, amazon, and all of the things have come in under pressure because money moving elsewhere. that trade will turn around at some point, and we'll be a buyer. >> it's why we have you as a cnbc contributor here. you've got so many names on your list you are keeping track of the stocks courtney, what about you, what's on your shopping lists, where are you finding values, where are the best returns over the next six to twelve months. >> it's interesting. on my personal portfolio, because i leave the professional stuff to our clinents

i do run a barbell approach, a much longer time horizon than one might think. i can balance growth names i did buy api, think clubhouse, china play, sold off to where it was a few weeks ago. it has a tremendous amount of room for growth. i added to square again. square should not have sold off. i mean, let's think about the 36 million monthly users on square, and the potential for continuu growth in the long-term. think cash app i love square, and when it dipped down below, i think it was around 235 or so, i got back in again and added to my position i added walmart, so think about the other side of that pendulum. you think about walmart, right, where they missed, which is a rarity for them. it's walmart you can put it in your back pocket and go to sleep, and ten years if now, you'll have had a 16, 17% return am i knocking it out of the park, no, but i have names that can knock it out of the park and

have it balanced with potentially a little less risk and volatility in them. >> courtney gibson, carrie firestone, cnbc contributors, thank you very much for your areatn e rks.et weppcie it we'll see you soon. >> thanks, dom that does it for us on "worldwide exchange. "squawk box" picks up the coverage next with the market coming off record highs just yesterday.

three industry views on media, consumers and travel. "squawk on the street" today watch or listen live on the cnbc app. good morning, stocks back at record highs, at least the close there after a dramatic midday swing for the dough, we'll take a closer look at the blue chip movers. here we go again, reddit hype stocks like gamestop and amc, soaring yesterday, again this morning we'll show you what's going on in positive news from several vaccine makers as they try to tackle mutations of the coronavirus. but researchers found a new

variant. meanwhile, spreading quickly in new york city since november thursday, february 25th, 2021, and "squawk box" begins right now. good morning, everybody. welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin, and we're going to start with the markets after another incredible swing for the dow industrials. we're talking about erasing another triple digit loss to end yesterday's session at a record high we are knocking on the door right now. all the way up to 32,000 ended at 31.961. that came after the dough was down by 110 -- dow was down by 110 at the end of the session. the dow in fact has been up for seven out of the last eight sessions and outperforming the