it's 5:00 a.m. at cnbc global headquarters. here's your top five at five back to the house. the senate passing president biden's $1.9 trillion spending bill they're in the way for a house vote this week some democrats say it is not enough one year later, we talk the pandemic, the recovery and the a key vaccination milestone that could mark a big turning point in the fight against covid-19. on edge. investors grapple, surging bond yields as growth stocks struggle to make up for what has been a lost year-to-date.

oil in crisis. yet another rocket attack in the middle, this time targeting saudi's aramco's biggest refinery in the region. you can't hold it. you can't touch it you probably can't even display it in your office. someone is preparing to pay more than $2 million for jack dorsey's first tweet get to know the nft, nonfungible token revolution it is monday, march 8th, and this is "worldwide exchange." ♪ good morning, good afternoon, good evening and welcome from wrefr in the world you may be watching. i'm brian sullivan happy to be back with you bright and early in the morning the rbi is back as well. thanks for joining us on a monday morning

here's how your money looks after a topsy-turvy week last week we are lower as tensions heat up in the middle east dow futures off 78 look at the nasdaq futures they're down more than 232 points right now an implied open, down 234. if that opens that way and there's still time to turn, by the way, it would continue a lot of selling in big tech recently. even with a late day rally on friday, the nasdaq and the nasdaq 100 both dropping nearly 5% last week 11 nasdaq 100 stocks fell more than 10% in just five days it was led by zoom's 18% haircut. all this comes as oil moves higher again, drone and missile strikes hitting saudi arabia's biggest port and near one of its biggest refineries yesterday yemeni rebels take responsibility, adding to middle east tensions and tighter supplies helima croft will be here to weigh in on this developing story. in bonds, ten-year yields

lately, the thing to watch in the markets. yields making a sudden move higher last week stocks went down with it watch bonds. we've got a whole 11 days before the fed chair speaks again that is basically an eternity in these types of markets. around the world very quickly, mostly red arrows in asia the shanghai composite down more than 2%. europe just getting their trading day started. they are flat to mostly down as well to washington now and the latest on the american rescue act. the senate approving the nearly $2 trillion spending bill this weekend, straight along party lines. the modified package features an extension for $300 a week in unemployment benefits as well as tighter eligibility requirements for stimulus checks. the $15 minimum wage hike in the house bill was dropped legislation now heads back to the house, which is set to take it up tomorrow hackers, a high-flying

aircraft merger in the works, and high-flying investors falling a part from her perch. those are some of the big story stocks today let's get to them. stock number one, microsoft. the white house urging computer network operators to take steps to determine whether their systems were targeted in a major hack of microsoft outlook. administration says there are still serious vulnerabilities that hackers could exmroid, even after microsoft issued a patch sources say as much as 60,000 organizations, not just people, folks, these may be your companies that have been hit by the hack, which microsoft blames on china those organizations include credit unions, local governments as well as countless small businesses stock number two, the arc invest innovation etf you've been hearing about this, ticker arkk, has fallen down into bear territory, off nearly

28% from its peak on february 12th the etf includes many tech growth names including tesla, square, tele doc and roku which have dropped due to bond yields and the idea we'll turn more into value-type names. kathy wood telling cnbc she is actually doubling down on some bets she'll be on "closing bell" today at 3:00 eastern. stock number three, ge the wall street journal journal saying ge is near a deal worth more than $30 billion to combine its aircraft leasing business with ireland's aircap holdings aviation services owns services or on order more than 1,600 different planes. now to a major developing story this morning global oil prices on the move. houthi rebels say they attacked a major saudi port on the

persian gulf with drones and missiles yesterday saudi authorities say it caused no casualties or damages ras tanura, and iran-backed missile strikes inside iraq recently joining us cnbc contributor, helima croft sorry to drag you out so early on a monday, but this is a big story. luckily, not a lot of damage no lives lost. but it's a message sent. what should we take from it? >> it's a reminder of just how fragile a security environment is in the region if we think back to 2019, we had major attacks on tankers in the straits of hormuz. the attack on september 14th that knocked out half of saudi arabia's oil output in 2019. the risk remains ever present. the question is, are we going to

see in the coming days and weeks actual attacks that result in loss of oil output that's what we're looking for in terms of the oil market. do you actually see physical supplies disruption? but the ability of these groups to do significant damage should not be underestimated. >> what do you think iran is trying to prove here what do they want? what are they looking to get what kind of a message are they signaling to president biden >> it's interesting when we think about the houthis. there's been this issue of command and control. yes, the iranians have supplied them with significant hardware, drones, missile technology, but there's a question about, do they actually control the leadership of the houthis? as you mentioned earlier, we've had these iranian-back the militant groups targeting u.s.s -- bases holding u.s. troops this region is becoming a lot more volatile. we're going into potentially new negotiations and i think it's putting pressure on the biden administration to get a deal done quickly but the risk really is that if

you don't get some type of off-ramp with iran, you could get military action in the region because saudi arabia is not going to sit back indefinitely while they have their facilities attacked. then you have to raise the issue of the israelis as well. are they going to sit back in the region indefinitely as iran continues to make progress on their nuclear program and gets closer to having a bomb? i think you're in a situation where the biden administration is really being put on the clock to try to get an off-ramp or you're looking at far more escalation in the region. >> do you think all this points to higher crude prices >> i think it's certainly in a market now which is growing tighter and where we have the opec resolve to keep supply constrained. i think geopolitics becomes more important to the oil market. if we think back to 2019, we saw major attacks but the oil market shrugged it off in ample supply. in a tightening market, i think

geopolitics matters much more. >> and we've already seen increased demand as things start to open up a little bit. production has not come back online on that last opec meeting, you know, the saudi energy minister said the era of drill, baby, drill, is over you have geopolitical attacks and it doesn't sound like u.s. production is going to come roaring back like it tends to do every time prices move higher. >> think about 2019. we lost half of saudi arabia's oil output temporarily but we had ample supply of u.s. production that's why donald trump said i don't have to do much to protect these facilities now in a situation where u.s. production remains much more constrained. you have opec producers much more in the driver's seat in the oil market if you were to lose oil supplies now, i think president biden would have to, at a minimum,

pick up the phone and call saudi arabia and ask for more oil because u.s. gas prices are ricest rising at home and at some point it becomes a political issue for him. >> we'll see if that call is made and made soon wti crude not up as much as it was overnight. brent crude up but up 35% or so this year. always appreciate it have a great day >> thank you for having me we are just getting started on a monday. when we come back, how can you take advantage of recent market volatility and try to make some money from these big swings? we have stock picks just for you. plus, the rising popularity of so-called nfts, nonfungible tokens if you're confused, don't worry. so am i. we'll tell you what they are and why people are spending millions on them. later on, more picks you can't afford to miss top ranked hedge fund manager amy zhang is here with new names

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welcome back good morning here. we are seeing futures down across the board as well the dow futures off 83, but the nasdaq, once again, are the ones to watch the nasdaq off 237 points.

one of the biggest drops in futures we have seen in a while. now again, it could turn around like it did late day friday but we have seen a big selling of big tech cap let's talk more about the market climate, your money, and where you might be able to find value. your next guest says, look to volatility ingrid joins us now. good morning first off, what do you make of the markets the last couple of weeks? yields have been moving. seems a lot of money schiff have shifting from high growth into what they perceive as value. it's been quite the seismic shift. do you think it will continue? >> yeah, really good question, brian. we've been in a market that's been very volatile certainly for the past couple years, supported by central bank policy a a market driven by growth and momentum. i would say for the past several

months we are now seeing a break in that as investsers that are focused on valuation-sensitive approach looking for companies with free cash flow and earnings, it's quite an exciting time can't predict what volatility is ahead, but as we've seen the economy does seem to be in good shape post-pandemic. so, lots of opportunity for active managers to find well-positioned businesses >> such as, ingrid, what >> oh, yeah. >> valuations -- i'm not saying they got crazy, but 150 times sales, okay, maybe a little optimistic investors seem to have rethought some of these positions. what looks like it still holds value to you >> yeah. as i said, we like earnings and free cash flow growth because as we look ahead we think that's

what will support market appreciation take a look at the theme of electrification. everything is talking about deba decarbonizing a economy, how do we live in a world with less emissions? the news of the weekend is oem after oem committing to electrification of automobiles you don't have to buy a single auto manufacturer that has remodels you can buy companies like texas instruments and active, both that support the electrification of transportation, also involved in active safety, clear, secular themes so, yes, we're all tied to the macro when you invest in equities, but trying to find spots where secular growth has long-term trend that will support earnings and free cash flow so, follow the cash. >> i had no idea that texas

instruments was sort of part of that electrification i assume it's on the semiconductor side as well is that kind of what you're going for, then, maybe some of these second or even third derivative plays they're not tesla -- you're not knocking tesla, but not directly related but they have a benefit that benefits from that trend? honestly, i had no clue that ti would have been part of that movement >> absolutely. automobiles have a big vertical for them think of analog chips everywhere if you want to take a real world signal, but your foot on the brakes and turn it into digital to be able to electrify vehicles, active safety, all componentry that requires texas instruments as well as active. two players in the electrification secular growth that might not necessarily be obvious to investors we're less inclined to make a binary bet on who wins this race

and more interested in buying companies that have earnings, free cash flow, be strong returns on invested capital, but are also supporting the longer term trend of greening transportation >> really interesting stuff there. ingrid, pleasure to have you on "worldwide exchange. nice early on a monday take care. have a great day and a good week >> you, too. still on deck, the fight to vaccinate more americans every day one year into the outbreak we'll speak with the ceo of one tri-state area hospital about the accomplishments made and the hurdles that still remain in mass inoculation >> announcer: today's big number 1,734. that's how many years it would take to double your money at the current national savings rate of 0.04%.

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get our special tv offer a 4-week trial plus postage and a digital scale go to stamps.com/tv and never go to the post office again. welcome back and good morning. it is part of the investing world that's half art, half crypto there's called nfts, nonfungible tokens they're basically a digital collectible tied to a specific nonreplaceable blockchain. in other words, they're one of of a kind and cannot be replicated digital art, if you will

and the digital art world is red hot. the latest, jack dorsey auctioning off his first tweet it's not the screen shot, it's the digital code on the block s chain, for the first tweet also over the weekend, bids for work from the graphic artist beepl seld for $6.6 million. and the lebron james highlight sold for $200,000. a highlight that is, by the way, free to view on youtube. nft volume topping $400 million in over a month. joining us is sports wroert jabari young a lot of people, including this guy here, were confused by nfts at first i'm starting to learn a little bit. what exactly gives them value? are they tangible in any way, or is it just digital bragging

rights >> yeah, brian, first of all, good morning hope you had a great weekend secondly, i don't know i have no idea what's giving them volume. i'm thinking of auctioning off my sixth grade report card just to see if i'm going to get anything but, you know, listen, in reading up on this, this is the digital age. this is an era where they're collecting is different. you look at a program at nba and they're thinking this new highlight is going to leply indicate -- emulate the trading card it's doing numbers right now have you seen the story, over $230 million the lab made through sales through the marketplace. you just look at this and you have to look into the future this is just an age where the collector, the investor, they're just collecting their moment because decades from now, when all of this is still -- when this is old fashioned -- remember, they used to ride

around from point a to point b in horses. who could imagine riding around in cars with bluetooth and navigation do they call it digital artwork, i can't see it but i can go into somebody's house and on a big screen maybe it's on display but this is the moment and it can't be replicated. i think that's where a lot of the interest is going to if you can get something and only 100 made in the world and you have one of them and it can't be replicated, all of a sudden it's worth something because it's that scarcity you have people thinking years from now this is all going to come in. >> this guy beeple, mike winkelmann, i think he's from michigan, moved to south carolina and did this as a hobby, becoming incredibly rich. some of his work is beautiful. i get it i guess what i'm struggling to

understand is the lebron james highlight. great dunk but i can watch it on youtube for free i guess the point is, it's not about watching it. it's just about owning that digital moment in time, but to your report card comment, jabari, i think the idea is that there's infinite amount of things that are just those singular moments in time i mean, i don't know how big this market can be >> well, you know, we'll find out. just like anything else. the only thing is with the highlight on the sports scene, and i think other sports leagues will get involved, is you're hold -- you know the rookie card you get, we know lebron is worth something. we know michael jordan is worth something. their highlights will be worth something. whether zion williamson and those cards will be worth something, we'll find out. it's a new way of doing things the business has changed the way people collect things has changed.

the digital age is upon us it's evolving every single day the nft space is just a part of it >> well, i think what we can do, jabari, is put this interview, right, make sure that it's sort of protected on the blockchain, this interview will be become our nft. we'll sell this as the first nft discussion about n if. ts and split the proceeds? how about that >> i'm with that if you can get that approved, i'm all for it i can take any other check that report card thing, i mean, how many jabari young sixth grade report cards are there in the world? >> i'm not going to ask you your grades mine, not good if it will sell, it will sell. yea jabari young, i appreciate it. let's put it up online and see what happens have a great day appreciate it. >> you, too. coming up, from digital art

to actual stocks top ranked fund manager amy zhang with three under the radar mid-cap names you need to buy right now. if you have not already, subscribe to our podcast if you miss "worldwide exchange," check it out on apple, spotify or other podcast apps. march's women's history month, we're spotlighting some of our cnbc contributors, colleagues and friends, and here is karen finerman on her childhood. >> the historical figure that most comes to mind for me is billie jean king i was a young tennis player when she was near the height of her fame with the battle of the sexes match. i was a tomboy and i loved playing sports i always wanted to play on the boys' team when billie jean king was playing bobby riggs, i have never rooted so hard for any person as i did that day i didn't really realize until later all she had done for women's equality and all the sacrifices s me.head

yield fears once again rearing their head in the market as middle east tensions heat up. president biden's $1.9 trillion spending plan moving one step closer to reality. lawmakers preparing to put the deal over the finish line. and covid one year later, the u.s. continues to make major strides in mass vaccinations we'll speak with one hospital

ceo on whether we are really out of the woods yet it is monday, march 8th. this is "worldwide exchange." welcome back or welcome i'm brian sullivan and good monday morning hope you had a great weekend here's how your monday money looks after the topsy-turvy week last week. if you don't like red on the screen, just turn away or go get another cup of coffee. we are seeing futures down fairly big nasdaq futures are off 228 points futures overall are down dow futures holding up a bit better still down but only down about 30 points. keep in mind that even with the late day rally on friday, the nasdaq and nasdaq 100 both had a very difficult week last week. 11 nasdaq 100 stocks falling more than 10%, led by names you know, like zoom, which dropped

18%, as we all think about getting re -- quote, reopen once again. it wasn't just the move in yields you've got oil moving higher as well, and mideast tensions ramping up a drone and missile strike hitting saudi arabia's biggest port city and we got some missile fragments falling here some actual residential compounds near saudi aram co-where yemeni rebels take responsibility, adding to middle east tensions and tighter oil sploi. price of oil not up higher but it's up 35% just this year in the bond market, that may be the thing to watch right now the sudden move in yields we saw last week making stock investors a little nervous, hitting a large part of the market you want to watch bonds. yields are not moving right now but it's a full 11 days before fed chair jay powell speaks again? that's an eternity in these kind of markets. outside of markets, three other big money stories for you on this monday

story number one, the senate approving president biden's $1.9 trillion relief package. the weekend vote playing out along party lines. the modified plan features an extension for $300 in weekly unemployment benefits and tighter eligibility requirements for stimulus checks. the $15 minimum wage hike in the house bill was dropped the legislation now heads back to the lower chamber, which is set to take it up tomorrow story two. president biden apparently set to turn his attention to the asia-pacific region. according to reports, the president plans to hold a virtual summit with leaders of japan, australia and india potentially as early as this week the meeting would be one of the highest level one-on-ones by the group dubbed the quad, and stressing the importance of partnership to help counter china's growing influence across can the globe. story three -- the biden administration also accusing russia of carrying out a

disinformation campaign against western covid vaccines the white house says russian intel agencies have worked to undermine confidence in treatments by pfizer and others. it identified four websites that in recent months have questioned the vaccine's development, safety and efficacy. in other words, folks, you see it online, know what you're reading and where it came from time now to welcome back one much our favorite guests amy zhang, fund manager and executive vice president at algier they recently launched a mid-cap etf trying to do for mid-caps what she did for small caps, becoming the number one ranked fund manager in that space amy, it's great to chat with you, even by the phone thank you very much for joining us we showed a video of the infamous, famous, whatever, dave portinoy tell us why you like penn national gaming.

good morning, by the way. >> good morning, brian thank you for having me here again today. yes, penn national, as you know, is the largest regional gaming operator with 36 casinos and racetracks across 19 states in the u.s. why we like it is because it's a very exciting company, especially now because it has the rare combination of both a robust recovery story and also a powerful secular growth story. first of all, penn is the covid recovery story in their brick and mortar casino benefit. second, as you mentioned, the secular growth, high-growth sports betting and igaming play. penn is a national gaming story since it's a major player in online sports betting, as gaming is in the very early stage of

shipping online. we think this year will be an inflection year in terms of online sports betting legalization as we expect five to ten states to legalize. so, even though the stock has done well, we still think there's a lot of growth not priced in, especially with the hidden amount in the bar stool platform media. >> all of our listeners know mcdonald's, starbucks, they probably know viking, the high-end stove company what binds them all together is a company they may not know and that is middle b, ticker midd. who are they and why do you like them >> as you pointed out, even though it's not a household name they have over 100 brands and a big customer mix they are a market leader in the food service equipment industry, so they make kitchen equipment

for restaurants and homes and also provides food processing solutions. so, it's another -- it's a great play on the restaurant recovery theme, as you pointed out, since the senate passed $1.9 trillion covid relief package saturday, and all of that, $28.6 billion is in the restaurant relief bill that's a huge tailwind with the government support as restaurant sales have troughed the last year so, with equipment die manned now is really improving and that's very, very favorable for middleby and they are also highly innovative for example, it's a pioneer in automation within restaurants. so, we think this is -- lastly, they have high financial quality, strong margin and high cash flow, so we think it will continue to do very well >> is that also kind of that

food theme, u.s. foods is another name you like, or is it a totally separate thesis? >> oh, no, it's the same thesis. so, u.s. foods is second largest food sdript distributor in the united states and another great way to play the recovery in restaurants, hotels and schools. so, when you think about restaurant recovering and slowly moving back towards serving customers as usual over the next few months because a lot of pent-up demand for people wanting to go out and eat in the restaurants, so naturally u.s. foods will be supplying those restaurants with their food supplies so, that's why i think it's a huge tailwind for them also, the industry is really consolidating. this is one company that has scale, capital, technology and product offering to accelerate the market share gain.

lastly, this is a great catch-up play because u.s. foods still trades at a discount to its peers. >> you're picking two, by the way, middle of america, rose mont and elgin, illinois, middleby and u.s. foods. we like it going right to the heartland amy zhang, a real pleasure look forward to seeing you in person take care perform thank you very much coming up, the next steps in the covid outbreak the ceo of university hospital in early hot spot new jersey laying out the hurdles that still remain getting vaccines to the masses, including a big reluctance to take it. as we head to break, some of your other top stories the european union will reportedly urge the u.s. to allow the export of millions of doses of astrazeneca's covid vaccine in a bid to stem supply shortfalls, according to the ft. the eu will also ask the biden administration to allow the fro flow of shipmentof critical

vaccine ingredients needed for european production. evolved technology is combining with a spac to go public, and teaming up with new hold investment, value $1.7 billion another day, another spac. disney's new animated movie "raya and the dragon" topping a sluggish weekend at the box office, which remains closed or limited in capacity in much of the country. the movie was also available for purchase on disney plus. more than $8.6 million continues signals of a tough road ahead of the movie industry s, they don't have time to go to the post office they have businesses to grow customers to care for lives to get home to they use stamps.com print discounted postage for any letter any package any time right from your computer all the services of the post office

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so, you can have open window freshness... even with all the windows up. enjoy fresh, any time, with febreze. this week marks one year since covid-19 changed our lives. we continue to make big progress on the vaccine front with a record number of americans now getting their shot over the weekend. we had a 3 million shot day. the biden administration, meantime, continuing to push toward its goal of having enough vaccination doses for every adult by the end of may, but there is a growing concern about that push to get first access to treatments and the potential impact on the global economic recovery meg terrill has more >> well, vaccine nationalism is something global health leaders have been warning about since the beginning of the pandemic. the idea that richer nations would buy up vaccine supply,

meaning lower income countries will wait months or years for access a year into the pandemic, that's essentially what is happening. the u.s. has administered more vaccine doses than any other country. as we heard from president biden last week, we're on track to have enough supply to vaccinate every american adult by the end of may with some supply left over president meanwhile, the facility designed to obtain vaccine for lower and middle xhk countries, expects to distribute half that many doses of the astrazeneca vaccine across 142 countries in that time frame while they may add more vaccines, experts warn the disparities are stark and will prolong the pandemic for all of us >> we also hope that this covid variant is a wake-up call to the rest of the world that we should not leave any country behind because otherwise you also have the chance that the country cannot control the pandemic and develop new variants that easily

can be produced in other countries. >> the model from the economist intelligence unit suggests some developing countries may not achieve widespread vaccination coverage until 2023. and one analysis from duke university found high income countries representing 16% of the world's population have purchased more than half of covid-19 vaccine doses it forecasts the pandemic could last seven more years if rich countries hoard vaccines and cost the global economy $9 trillion back over to you >> our thanks to meg for that. for more on where we stand one year into the pandemic and the growing pace of vaccinations, we're joined by president and ceo of university hospital in new jersey doctor, thank you very much for joining us listen, we don't want to get ahead of ourselves, but as our viewers know, on my social media i've been very bullish on vaccines case counts are down as much as

ten times lower than the imhe estimates. where do you think we stand right now, especially in this very early hard-hit state of new jersey >> well, thank you so much for having me. first of all, i think your optimism is well rooted. we are trending in a very good direction and the difference between now and what we saw in the spring of 2020 where we didn't have vaccines is that, of course, we have three great vaccines we can use. in fact, my hospital has all three. we're going to have a very busy day today using all of them, whether in our hospital or the community with mobile sites and in partnership with the city of newark we're excited because this is a very promising endeavor we're doing. we're over 3 million vaccines per day. we hope we can outpace, for example, the rise of the variant that may be resistant if the spread continues i'm overall optimistic but we

haven't crossed the finish line yet. we're in sight with this vaccines. >> i appreciate that, doctor, because i've been out there a little bit, being optimistic by the way, just using the math and the numbers on outcome, hospitalizations, it's just math and public available data but there are scary words like mutate and variants. i'm frustrated, and i'll admit that, maybe we can get back to normal by next year. the reality is if people don't feel like the vaccines are going to help, and they're already skeptical of them anyway, they're not going to take them i feel like the messages hasn't been on enough, if you do this, you're likely to go to hang out with family and friends indoors sooner than later. we just don't hear that. >> that's right. the cdc any day now should be

releasing more restrictions that can be lifted for folks who are vaccinated that should be an exciting thing we can advertise to folks to encourage them to take the vaccine. we already have a rule that says even if you're exposed and you've been vaccinated to somebody with known covid-19, you no longer have to quarantine hopefully relaxation on travel and other things that allow us to get back to normal. but we of won't safely be able to do that until we reach herd immuni immunity, where we have 70% to 80% of the population vaccinated >> oh or that has some natural immunity the problem with herd immunity, we don't know the denominator. we don't know how many people have been asymptomatically exposed. how much are you experiencing the reluctant to take the vaccine? identify got friends that have been showing up at sites, plenty of doses, almost appears to be more supply than demand of certain parts of new jersey. are you having to convince

people, hey, it's safe, there's no microchips in it, it's not bill gates trying to take over the world. take the vaccine >> there is a significant amount of hesitancy, especially in communities of color and in urban communities, like the one we serve here in newark. the good news is that that hesitancy is moving in the right direction. we have only 40% of the city of newark and the surrounding region ready and willing to take the vaccine when it arrives. now that number is close to 60%. we've been making progress with community forums and town halls. when you go through that door of trust and say we're here with an issuetive that will save your life potentially, essenpecially a community that was hit so hard, we also emphasize all three of these vaccines are 100% effective at preventing hospitalization and death. that is huge frankly, these vaccines are better than so many others that have been on the market for a long time for other diseases. >> doctor, that's everything,

right? i'm not going to knock the media but question focus on case counts don't get too sick and don't get more than sick. >> absolutely. all that's left and required, really, is patience for us to get through that finish line just a few more months, hopefully, when the combination of vaccinecy natured folks and those that have gotten the disease will help us reach that threshold immunity. >> i hope i'll see you around memorial day and we'll have lunch. i'm that optimistic. thank you for your optimism and hard work. thank you. folks, you won't see this anywhere else. yesterday was the first day we had more people vaccinated than total number of cases in the united states. made a chart not going to see it anywhere else that was a big milestone day orange above blue were vaccinated than cases.

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welcome back well, i'm back here on "worldwide exchange. so is the rbi, your most random but interesting piece of news today. today, let's talk -- oh, i jumped to the -- see, i'm out of practice in the mornings they just screamed, promo in my ear. that's what happens. go back to -- on the edge, 6:00 p.m. tonight, all week long, jim is off this week, so check out the new show "on the edge" this week highlighting smart voices, interesting takes all week long. cnbc special event. now to your most random but interesting piece of news. and that is, let's talk green bay. specifically the green bay packer merchandise and what may be the early candidate for the trade of the year in 2021. listen to this a guy named tim horton, yeah,

but not the doughnut tim horton, bought a 1940's packers helmet in january he paid $500 for it. a few days ago he sold it at auction for $33,600 $500 to $33,000 in just two months the return, 6600%. after auction fees, he netted $25,000 for eight weeks of ownership. now, that's a vince lombardi type trade over an old piece of leather. it's not even made out of blockchain always interesting is jeff kilburg, we'll sell your notre dame football and make a pile of money. outside of your old football gear, where are you seeing value and opportunity for your clients? >> i look at the market this morning, i think it's a

fascinating week coming about us what's interesting is the emotion in the market and the emotion i see overnight is insecurity we saw the futures market actually pop overnight due to the fact that we have the $1.9 trillion stimulus package timely over the goal line we see the market 50 handles lower due to the insecurity. we see a move higher in the u.s. dollar interest rates are staying above 1.50% and ten-year note. i think you'll see the rotation trade persist providing a top of value into the value names we like >> yeah, i mean, i guess the question is, is this great rotation, whatever you want to call it, is it the thing now for the next few quarters and maybe even years i feel like there's still this sense of, yeah, but tech's coming back, right tech is definitely coming back is it? >> tech is not going away. but to your point, in our text cal model we've seen tech fall out of favor short term.

we are reducing exposure to faang stocks i think the rotation is in its first or second inning why i say that is because move back 10, 15, 0 years any rotation it took quarters and years to see value to growth move right now we're so accustomed to this acute volatility or acute moves. i think we're seeing this rotation trade it's healthy for the market to see laggards get some love we talk about the s&p 500, and the top ten stocks, but let's talk about the next ten stocks let's talk about mastercard, visa, bank of america, home depot, they only make up 7.5% of the s&p 500 but those names will carry the baton forward. >> and we're watching the fedex, home depot, mastercards of the world. you've been spot on ahead of this trend as well we know that from this program and others we appreciate the guidance, buddy. we look forward to selling that

helmet behind you in about 50 years, we'll retire on it. thank you. >> thank you that does it for us on "worldwide exchange. nasdaq futures are down more than 200 "squawk" and the gang will pick up the coverage. i'll see you tomorrow. have a fantastic monday wherever you may be how great is it that we get to tell everybody how liberty mutual customizes your car insurance so you only pay for what you need? i mean it... uh-oh, sorry... oh... what? i'm an emu! no, buddy! only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪ four, five, turn, kick. we got chased by these wild coyotes! they were following her because she had beef jerky in her pocket. (laughing) (trumpet playing)

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good morning a big step forward for the $1.9 trillion stimulus bill we'll give you a life take and get to washington for a look at what comes next. foodcrude prices are volati after yemeni forces attacked saudi oil. the box office take for the latest pixar movie it's monday, march 8, 2021

"squawk box" begins right now. good morning, everybody. welcome to "squawk box" here on cnbc i'm becky quick along with andrew ross sorkin on this monday morning, if you are just waking out, look out, there's something to check out the dow futures at this point down by 41 points. s&p futures are down by 24 and then the nasdaq is down another 200 points this morning. this comes after the nasdaq was down almost 5% last week big tech names, once again, under pressure remember, there were, i think, 11 of the nasdaq 100 stocks down by more than