it's 5:00 a.m. in new york, and here is your top five at five big tech trying for a big turn around futures, they are higher but investors wondering if the multiyear bull market and fast growing stocks has skrecreeched a halt wood, not worried, what arc invest cathie woods says she's doing as funds continue to sink. d days away, the house preparing to pass the $1.9 trillion spend spending bill. your check could be in the mail as soon as next week.

move over gamestop, there's a new crop of stonks on the radar, and they are surging. we're going to name them plus, a debt story that everyone can get around. how many americans actually shored up their finances last year it's your rbi, and it's coming on this tuesday march 9th. and this is "worldwide exchange." ♪ ♪ a little music to get you going. good morning, good afternoon or good evening and welcome from wherever in the world, i mean wherever you may be. i'm brian sullivan thanks for joining us on this busy tuesday let's get right to it, check the markets and your one, and you know, forget dow futures because we are squarely focused on nasdaq and big tech. probably fair to say it's been a bit of a dumpster fire lately. it looks like we could turn today. nasdaq futures up almost exactly what they were down at this time

yesterday. they're up 262 points. nasdaq dow futures are up. all eyes on big tech now, nasdaq has been weak. the index down four of the past five sessions, down 10% from the most recent 52-week high apple, the biggest stock and the biggest drag on the nasdaq, falling about 4% yesterday, and apple continues to slide this month, but it is up about 2% right now, and of course we stay focused on bonds because that move higher in yields, that very violent move, for bonds anyway, was a big reason stocks turned down yields right now, actually coming back down to 1.54%. a lot of drama in the chinese markets the last couple of days. the shanghai composite down 1 1.82%. we'll have to watch tomorrow the hang seng did rise europe just getting their day started, a little more green than red on the screen, at least

the last time i checked skpchl l -- and look at that the germany, the ftse and france higher today outside the markets and back home maybe not a moment too soon for families struggling with joblessness. the house is preparing to take up a final version of the president's $1.9 trillion spending and relief bill, as soon as tomorrow that would be just days before federal unemployment benefits are set to expire for millions nbc's tracie potts is here and has more on that in your d.c. day ahead. good morning, tracie >> hi there, brian, good morning. good morning, everyone house speaker nancy pelosi says they are waiting on the paperwork to get the vote done could happen today, could happen in the morning, and while they are waiting, the cdc has put out new guidance for the 30 million people in this country who have already been fully vaccinated.

the cdc says masks should be worn in public if you're fully vaccinated, it's okay to visit family from one household in town without a mask or social distancing, two weeks after the final shot >> if grandparents have been vaccinated, they can visit their daughter and her family, even if they have not been vaccinated. so long as the daughter and her family are not at risk for severe disease >> reporter: americans ready to come out of hiding. >> go to the beach, go out, visit family. >> i'm looking forward to visiting my grand kids >> reporter: travel is still discouraged, health experts are concerned with spring break just around the corner. florida is already seeing crowds . >> i see so many freaking people, and honestly, everyone is almost piled on top of each other. >> reporter: texas lifts its mask mandate tomorrow. >> if this doesn't come back to create an influx of cases and a super spreader virus.

>> reporter: in washington, the house of representatives could take a final vote on coronavirus relief today or tomorrow morning. so far, with no republicans supporting the nearly $2 trillion plan >> mr. president, when are you going to sign the bill >> as soon as i get it. >> reporter: president biden watching veterans get their shots. he'll address the nation thursday night to mark the first anniversary of america on lockdown and the white house says if relief passes soon, people could see the $1,400 payments in their bank accounts, brian, by the end of the month >> and the good news, tracie is that more americans are now vaccinated than there are total cases. we're heading in the right direction, let's hope it continues. tracie potts, have a great day in d.c we'll see you soon take care. a lot of states off their highs hope that continues.

anticipation of that spending and relief bill, one reason stocks rallied late last year with a big percentage of those $1,400 checks expected to go right into the stock market, remember that could help technology stocks and arc investments cathie wood says she's not really worried about the recent selloff in tech, and her mini funds, arguing the bull market is expanding it horizons to include more strategies like value stocks the ceo of arc invest are a flagship fund, arc innovation returned 150% last year. that's why we focus on it as technology and momentum stocks boomed amid the pandemic but the fund ticker arkk down 7% this year, as high flying names, pressured. speaking on cnbc, wood said her strategy will pay off, and she is capitalizing on the selloff >> right now, the market is broadening out, and we think in an underlying sense, the bull

market is strengthening and that will play to our benefit over the longer term. >> all right let's talk more about all of this with rob morgan, director of market strategy it's good to see you again do you think the multiyear bull market is over, and there is better money to be made elsewhere. >> brian, i do think the market is broadening to agree with cathie wood, and that's a very good thing for markets overall it's hard to predict where big tech is going to go. i mean, i'm neutral on the space because, you know, valuations are certainly stretched, even though the sector has great visible earnings growth, but the technicals recently with the selloff have been hurt, so that's why i would be neutral on the sector >> what are you not neutral on what do you like where can we make some money,

rob? >> right now, my three favorite s&p 500 sectors are financials, and the two commodities, and energy and materials, and it's been a long time since i've been positive on commodities, but it does seem like we've started to see some strengthening, and you know, opec within the last week or so decided they're not going to increase production, which, bad for consumers, but pretty good for investors in the space. those are three sectors that i really like right now. >> yeah, you know, the $1.9 trillion spending and stimulus plan, there was a lot of talk about that the end of last year, a very different covid situation, a lot of idea that the money is going to go back into the market do you think that that is already largely priced in. it's going to pass might have small tweaks here and there, does that influx of money, has that already been built into where we stand today.

>> i think so, brian, i think that the relief package is baked into the market by and large however, on a more positive front for stocks, you know, we had a really good earnings season for the fourth quarter that we just completed and the beginning of april, we'll see reports for the first quarter and one notable thing in february, analysts were upping their estimates, their future estimates for earnings, which is very rare, usually in the middle month of a quarter, you see analysts cutting their estimates. so even though the stimulus plan may be baked in, there's still some other positive things going for the equity markets right now. >> yeah, there are and today it looks like we could see a tech turn around, showing some of the names this morning apple up 2%, et cetera, we'll see what happens a lot of talk about energy these days rob morgan, how much has changed. we'll see you again. have a great day

take care. >> you too, brian, thanks. we are just getting started and when we come back, the surging stock that cathie wood says quote is probably one of the most important companies in the genomic revolution can't get an n95 face mask what honey well and 3m are saying about why not >> and airline groups pushing back on the latest guidance for airline travel dow and nasdaq futures they're up 200, and we're back after this

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welcome back we are now one year into covid-19 and the lock downs. if you thought the ndemand for highly sought after n95 masks was waning, you might want to think again. seema mody, and why it's hard to get a real n95 mask, is and not a fake there's plenty of those out there as well. >> that is right a year into the pandemic and the n95 shortage is still an issue, big manufacturers of n95s 3m and honeywell ramping up production. 3m hiring over 300 workers and setting up new manufacturing line in aberdeen, south dakota >> december, we were running at 95 or higher, 95 million units a month or higher. we're hitting historic levels of

output domestically, quadrupling what we did 12 months ago, prior to covid. >> adding to the n95 challenge, fake masks flooding the market earlier this week, customs and border patrol seizing 65,000 counterfeit masks from chicago's o'hare airport >> we have prosecuted or launched almost 30 different lawsuits against actors that we have found that are representing themselves as 3m distributors or coming to market with product that is sometimes five, six, ten times what the standard price should be. >> and with the shortage persisting, hospitals are still rationing masks, pushing health care workers to find other solutions. some are double masking, others opting for an air purifying

respirator and honeywell launching a duel layer mask with a replaceable insert with that said, the vaccine, it's not expected to dent demand for n95s, in fact, lydall ceo who makes filtration materials that goes in a lot of these masks, sees demand growing as schools and offices look to safely reopen. brian. >> a lot of talk about the spes spending bill, and there's talk about money going to personal protective equipment for teach sk ers and others what is the president doing about the current lack of things like the n95 mask? >> in one of his first official acts as president, he announced plans to boost the production of n95. in addition to bringing more masks to market, state and federal officials need to solve the procurement issue that have left some third party suppliers with millions of masks and no new orders, so there's a

communication gap that also needs to be solved brian. >> yeah, it certainly does, especially when you talk about flying seema, the one thing i will remember about you, you were the first person i know that got back on a plane. and that was when people had like the diving bell helmets from 1918, scuba diving. now it's just give me an nmask and you feel pretty good by the way, do you have any? >> i've had one, but, again, you're not supposed to keep wearing it for multiple times. you're supposed to throw it away after a certain amount of time you're right, in the beginning, we were all doing the mask plus another plus the face shield, but i think since then, people are sticking with one, but, you know, got to follow the protocol. >> one good one, yeah, i think it's three times, but medical officials are correct on the wearable n95. >> hand sanitizer. >> hand sanitizer. seema mody, good to see you.

more fallout from that widespread microsoft hack attack, and how continued attention on china could poison an already tense relationship. we'll get a live report from beijing when "worldwide exchange" returns. nasdaq and dow futures both up 200. today's big number, 50%. that's how many people aged 25 to 34 plan to spend half of their stimulus payments on stock, according to a survey by deutsche bank. overall, that could represent an inflow into the market of $170 billion they were following her because she had beef jerky in her pocket. (laughing) (trumpet playing) someone behind me, come on. pick that up, pick that up, right there, right there. as long as you keep making the internet an amazing place to be,

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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 to "worldwide exchange." why don't i get you up to speed on big stories, stocks, names that are on the move this morning. you ready. stock one, stitch fix shares, they're down, wow, 23% down. falling short of wall street estimates, the company also disappointing investors by lowering the current quarter forecast remember the shipping story a month ago, stitch fix is blaming shipping delays, all those container backups. in other words, customers may be spending less and buying less frequently or they simply have all of their stuff stuck in a ship or a port somewhere stock number two del taco, the fast food chain

booming, fast food remains wide open in california and states like that where there's not a lot else open. they are up 25% so far this year stock number three, peloton, it is going to race down under. the company announcing it will launch bike asks digital app in australia during the second half of this year this marks the first time peloton will expand beyond the current markets which are the u.s., u.k., canada, and germany, and because it's tuesday, why not, a bonus name for you. inv invitae. stock is rising, as cathie wood remains bullish, calling it one most of the important companies in the genomic revolution. that stock up 8% now to the important and growing story about the massive hack of microsoft e-mail, one that may have impacted your company

chinese state media today ramping up rhetoric over claims that beijing somehow played a role in that hack. eunice yoon joining us life from beijing with more. eunice >> thanks so much, brian well, chinese state media, as you said, have been saying that u.s. accusations that china is somehow behind the massive attack on microsoft could potentially poison already tense relations between the u.s. and china. the communityisthey say the u.sd no evidence that hackers breached microsoft e-mail servers and say the u.s. has lacked sincerity when confronts cyber security issues. in fact, beijing has described the u.s. as the one with the history of having large spying programs, pointing to the nsa program that was disclosed by edward snowden long ago.

in fact, just a couple of months ago, the chinese government called the u.s. the empire of hacking, bugging and spying. so the paper says that if the biden administration wants to work through these issues with the chinese, they should be rational, as well as fair and that they should look to coordinate with beijing on cyber security issues, but brian, you and i have both been covering this relationship between the u.s. and china for quite some time, and i remember when president obama just five, six years ago in 2015 had called a truce with president xi jinping on cyber security issues, and it doesn't seem as though all of the attacks have necessarily ended. >> yeah, and you wonder, is there any sign of president biden is going to be having a quad lateral meeting about the regions, india, australia and others and the united states to try and make blunt the growing

impact and economic force of china, but is there any sign or any knowledge of any official meetings, virtually or otherwise, of course, eunice, between biden and president xi or just nothing on the calendar at this point? >> nothing on the calendar as of yet. there has been some discussion about those meetings, as you said, between the quad and what potentially that could mean for beijing. i think that it would be somewhat disconcerting for beijing because one of the benefits that china has had and has long been able to really take advantage of is the fact that countries have not been solidified a solidified and coordinated on how they approach china. china has been able to take advantage of that, and some would say, divide and conquer. >> we'll see what happens in that relationship and this hack attack, certainly straining that, at least in the early days of the biden presidency. eunice yoon in beijing

thank you very much. on deck, first, it was gamestop, but now there is a new crop of the so-called meme stonks, and they're on the radar, and they're surging, we're going to have those names for you. plus, if you haven't already, subscribe to our podcast. if you missed the show, you can't record it, whatever, you're on the road check it out, apple, spotify or other podcasting apps, it is named, you got it t "worldwide exchange" and a quick programming note, tune into cnbc's on the edge, 6:00 p.m. special all week long. dow futures up 200 we're back after this. wealth is breaking ground on your biggest project yet. worth is giving the people who build it a solid foundation. wealth is shutting down the office for mike's retirement party. worth is giving the employee who spent half his life with you, the party of a lifetime. wealth is watching your business grow. worth is watching your employees grow with it.

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a tech turn around tuesday, looks like it right now. nasdaq futures are up big, investors still on edge about the recent selling bitcoin topping a trillion bucks once again as more investors say crypto is like many other assets you don't have to love it, but you should own it. and the red hot real estate market facing a big test no homes to buy, and interest rates on the rise. we're going to find out why on both, it's tuesday, march 9th. and this is "worldwide exchange." >> well, good tuesday morning, welcome or welcome back everybody. hope you're having a great start to your day, wherever you may

be the coffee thing, good morning let's forget dow futures for now. shall we you want to check out nasdaq and big tech that's what we have been watching lately because stocks have been selling off. not right now. looks like a turn. nasdaq futures up 242 right now. we're coming into four down sessions in the past five. we are currently, i don't want to say correction, that's more of a technical term but the market is down 10% from its most recent 52-woke highs the whole thing is a process the apple the biggest drag on the nasdaq following 4% yesterday alone it is down this month as well. we're focusing on the bond market, it's not just a rotation from big tech into things like oil and gas, energy and other quote value stocks, it's also been that rapid rise in yields that we saw, at least for the bond market, a very sharp move, traversed. we're at 1.54% bond yields have come down ten

basis points in the last couple of days. some names to focus on today shares of discovery and amc networks they're finding themselves the latest darlings of reddit investors. both companies are among the most shorted stocks in the u.s. according to fact set. shares of discovery jumping nearly 5% yesterday to an all time high. it is up 125% since january 4th when discovery plus service launched that stock is up 130% this year. in the meantime, shares of amc, not to be confused with the movie chain, have also doubled since the beginning of the year on no real news. fox, by the way, the best performing stock by far in the s&p 500 this year along with those names as well. as we talked about a couple of weeks ago, maybe old tv is the new tv, either way, names, we've been watching, and continue to watch. now, let's get a check on this

morning's top headlines. number one, the house, set to officially take up the senate's version of the $1.9 trillion spending and relief bill lawmakers in the senate hope to take up the legislation today after it cleared the senate this weekend, rather, but they are still awaiting the upper chamber to send it back down to the house. democrats in the house are pushing to approve the package in time for president biden to sign it before key unemployment programs expire on sunday. story two, bitcoin's march back above 50,000 the crypto hitting it highest level in two weeks it's at 54,000 and change right now, up 2,000 bucks. more signs of rising institutional demand amid that comeback, ever corp. isi reveals, they believe bitcoin is in a strong position to reach 75,000 soon, and speaking with cnbc yesterday, arc invest cathie wood says she sees the crypto joining stocks and bonds or real estate and gold, whatever, as a part of any

balanced portfolio >> we do think it will behave, actually, i would, more like the fixed income markets believe it or not if you think about bonds from this level, you know, this idea of a 60/40 balanced portfolio is a bit problematic. we have been through a 40-year bull market in bonds we would not be surprised to see this new asset class become a part of those percentages, maybe 60 equity, 2020. so i actually think that might be the biggest sprurprise here >> and your third big money headline is this frontier airlines making a second attempt to go public. the budget airline, which is owned by private equity firm, indigo partners has filed for an ipo. the company dropping initial plans for an ipo last summer after filing all the way back in 2017 the move comes as the airline industry prepares for a rebound from the pandemic.

well, the continued work from home lifestyle has created big demand for data centers as companies up their digital infrastructure to meet all of our remote technology needs, and that demand has in turn created big real estate needs for facilities to house those center, along with a lot of energy diana olick joining us now with exclusive details on the data center boom, one which impacts what i cover, diana, the energy market as well >> absolutely, brian look, just the fact that i'm coming to you live from my living room in d.c. is another reason why data centers are seeing so much more demand now one of the biggest bets is just down the road from here. northern virginia is the largest data center market in the world with names like aligned data center where we got a look inside it's in the mid-of a massive construction boom, kaccounting for 60% of the current pipeline

in the u.s as the deferent companies build in cluster in order to share information closely. data centers were the highest performing reed sector last year, ending up 21%. major names include cyrus one. digital realty, and qts realty plus demand for data centers fell back 11% to the second best year on record as companies froze their i.t. budgets due to covid. that according to a new report from cbre. data usage grew also due to covid, and everything that went online in addition to 5g, and self-driving companies as the economy opens up, this year could be big. >> i'm already 500 megawatts of new build coming online now. 70% of which is preleased. we do believe that 2021 might be the record year and then we'll accelerate thereafter, not only in markets that are heavily concentrated in northern virginia, and also spreading

into smaller markets, resiliency, cheaper power, green and edge >> now, there is one big risk to the sector, of course. rising interest rates, because these growth companies are so dependent on the cost of capital, and that's why you've seen some volatility in all tech stocks, including these data center stocks. brian? >> you know, diana, if you look at the construction, especially, you know, northern virginia, outside of that, by dulles airport, it seems like all of these companies are building data centers right next to each other. i assume that has something to do with a, energy demand, b, that's when the fiberoptic pipes are, or c all of the above >> it's like you're answering the question for me, brian that's absolutely right. spencer levy likened it to wall street in the 1920s, everyone wanted to be where the information was, where the stock exchange was, where they could exchange their data, and so they built together they wanted their offices together same with data centers, and also you talk about these data

centers wanting to go green. that's part of it as well. energy uses where they can pool some of those resources and save a little bit on the energy costs as well. >> i promise i did not look at any of the story ahead of time, but it does make a lot of sense. these things are the greatest power. i'm trying to find the right word, users, there we go that we know of, and i guess they've got to be where there's some secure, hopefully it's secure, not like what happened in texas diana olick, thank you, fascinating stuff. >> sure. all right. well, we're going to continue on with diana's sector as well, the housing market it has been one of the economic bright spots amid the pandemic and that continued work from home lifestyle, but the cheap money that has helped fuel the housing boom, becoming a little bit less cheap, as the 30-year fixed rate climbs back above 3%, hardly high long-term, but higher than it was there's a bigger problem, though, in the housing market. let's talk more about it with

danielle hale. the biggest problem is not interest rates the biggest problem is there's not many homes left to buy your stats alone, i think it was 50,000 fewer homes last month than in february of 2020 >> yeah, we're actually seeing the decline in new homes listings come down about 25% on a year-over-year basis if you looked at january and february together, between the rough winter weather, and the fact that we have a slow start to the year thanks to the pandemic, we're looking at 200,000 fewer homes that were put up for sale this year compared to what we would typically see. the housing market was in a place where there weren't a lot of homes for sale, and we have seen the numbers worsen in the first two months to start 2021. >> is there any sign that inventories are starting to loosen up. if you want to sell your home, now is the time. you're probably going to get max

money if you have a home to sell >> yeah, the message for sellers is that now is a great time to sell i think a lot of sellers have been skittish with having people in their houses as a result of the pandemic, a lot of sellers tend to be older so they have extra health concerns. now that vaccines are rolling out, treatments getting better, that's certainly going to help the industry itself has been very adaptable, we have seen virtual tours become quite common people are looking at ways of doing business in a socially distant way, trying to manage health risks and of course as the health risks diminish, that's going to help sell our confidence sellers are looking at all time highs in prices. the median listing price is up above 50,000, that's where we hit peak last year it's extraordinarily early in the year to surpass last year's peak price we have a dip in the winter for home prices. prices are rising at double digits those are challenging conditions for buyers, great news for

sellers who want to participate in the housing market and make a move now. >> if you sell, you got to have somewhere to live, you might be buying in the same market that's just as hot, unless you're moving someplace that's not hot. i don't know where that might be are the markets, danielle, is it still florida, is it still texas? where are still people moving or just 40 miles outside of the city during pandemic, and now they're no longer, you know, broo brooklynites, living in long island or the cat skills. >> we have seen greater interest in the suburbs, and the secondary markets that are outside of the metro area, but not too far away, so for instance, in a lot of new yorkers and fphiladelphians are looking at the poconos region. people can live and work from there now now that remote work has become more common in addition, parts of the south, where we have seen beuilding doa better job of keeping up with demand, those areas are doing

better and out west, we have seen tick up in new listings activity. you have a lot of people that are considering remote work, especially in the bay area where companies have been a little bit more flexible, and so that's freed up listings in that area >> yeah, they're selling the city, and they're buying in like an hour and a half outside of san francisco or as you mentioned, new york. they want to be just close enough if they have to go back they can do the drive but otherwise they want the space. danielle hale, realtor.com, good stuff. 50,000 homes for sale. take care. coming up, former spirit airline ceo ben baldanza, what it's going to take to get everyone on a plane. do you need to have a vaccine passport ou you controversial topic. we'll talk about it next with s. try clean freak! it has three times the cleaning power to dissolve kitchen grease on contact.

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for visibly firmer skin. olay. face anything. these folks, 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 plus ups only cheaper 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.

it is time now for your morning rbi. and today, let's get ran dom bu interesting about debt it's not a fun topic, especially at 5:40 in the morning or anytime, really. but this is the good kind of debt story, the paying off debt kind of debt story because last year, while miserable on pretty much every level, was actually the best ever for american household balance sheets and credit card debt according to wallet hub, americans paid off 83 billion in credit card debt last year

for context, americans on average add about 54 billion to credit card balances every year, so a net pay down of nearly $30 billion. wow. and what cities paid down the most credit card debt? well, wallet hub lists the top five, you go oxnard, california, the biggest credit card debt pay down city, west valley, utah, augusta, georgia, pearl city, hawaii, and one of my favorites, shreveport, louisiana. with stimulus checks on the way, as much as 14,000 in direct payments and tax credits for a family of four, repubmember, wen challenge that fourth quarter record and pay down more debt. random and interesting, and very good for names like mastercard, visa and american express. the cdc out with some new guidelines yesterday morning chief among them, vaccinated people are now allowed to

congregate indoors without masks, with other vaccinated people or close family members but even one year into the pandemic and with 18% of the people with one dose of a covid vaccine, cdc is still recommending people avoid unnecessary air travel, something airline industry groups are pushing back on in a statement, airlines for america insist being on board a plane, poses a low risk of coronavirus infections because of heavily filtered air and federally mandated mask wearing. joining us on this and more, former spirit airlines ceo, ben baldanza it's good to have you on this has, unfortunately like everything else, become a political topic. as our viewers know, and i have flown a ton, okay, because i'm covering stories out there around the vaccines, and i wanted to see them for myself firsthand, good mask, hand wash, i tend not to eat if they even offer anything on the planes do you feel like thecdc gets

it, five-page, whatever document on what we are quote allowed to do once we're all vaccinated it just seems, there's a lot of words and not a lot of guidance. >> well, it's great to be with you, brian, and i tend to agree with you what i don't understand is why the cdc says specifically not to travel by airplane now, if they're worried that by traveling you're going to gather with other people or maybe be around environments that aren't as safe, that's different than saying specifically don't be on a plane, like the a 4 a says, airplanes are very very safe there have only been 44 documented cases by the cdc of transmission of covid on airplanes, and most of those were before airlines required masks to be worn being on an airplane is much safer than being at a restaurant or a grocery store

if the cdc is going to say, even if you're vaccinated you shouldn't drive on an airplane they should say, you shouldn't go out to eat or shouldn't go to a grocery store either >> there's actually been, you dive into even data has become politicized. it was a cdc report on march 5th. it said basically going into -- eating at a restaurant had no statistically significant increase in cases, 40, 60 or 80 days later, that the report didn't get much or any attention at all, but it's out there i think the idea is that it's not the plane itself, ben, it's that if you're infected or coming from a heavily infected region, which thankfully is not that many, down 90% on cases they don't want you moving around i think the fear is probably the florida spring breakers. that's sort of the bomb that everybody is kind of waiting for. >> i think that's right, and i actually traveled by airplane to florida last friday, and saw those spring breakers, and i was kind of shocked as well. but it wasn't the travel by

airplane that made it unsafe it was the activities at the location that made it unsafe so again, for the cdc to say not to travel right now, really is so specific, and there's a lot of places you could go why couldn't you go to a national park and go hiking. why don't you go to a theme park, there's a lot of places you could go very very safely. so to ban or to say it's not recommended for all travel is really a wide swath that is going to impinge on the economy. >> and there are people that will say, i know people and they're good friends of mine, and might be watching right now, they have not been out to eat in a year that is their prerogative. i respect their decision very much they don't feel safe i totally get that like you, having been to an airport frequently in the last couple of months, there are a lot of people who are choosing

to fly it is not illegal. they are hopefully doing it very safely 1.1 million people going through tsa check points, pretty umuch every day now. it's half the volume the point is, there are a lot of people, i have seen a lot of seniors, and i have said it on the show, i've talked to them. where are you going, i'm vaccinated, i'm going to see my kids, and we had a ceo of a hospital on yesterday. if you don't make people feel optimistic about what they're able to do, if they get vaccinated, they're not going to get vaccinated if they're on the fence about taking it. you need hope, you need optimism in a rational format i'm not trying to preach or anything this is coming from the hospital ceo yesterday, and many other a lot wiser than i am. give people clear but safe guidance, but give them hope so they take the vaccine. >> i agree with that completely. now, in this cdc guidance, and i read it very carefully because

just last saturday, i was vaccinated and so i was particularly excited to see what they said i could do and what they specifically say is that grandparents can see their grand kids if they're vaccinated but then they said but you can't travel that sometimes kind of strange to me. it's okay to get together if the vaccinations are there, but you can't travel to get together how are you supposed to see them if you can't travel. there's some inconsistencies in that as well. >> guys, listen, we got to go. they got to figure it out, because people want to travel, they want to see their families, we have been told the vaccines work if they work, you can do this, you can do that. if you can't tell somebody one thing, and then change the rules over here. ben baldanza, it's aleurto have you on. we're back right after this. pd-l1. they changed how the world fights cancer. blocking the pd-l1 protein, lets the immune system attack,

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let's welcome one of our favorite guests, katie stockton. good to have you back on what are some of the key technical levels, particularly, i don't know if you're watching the nasdaq, because everybody else is, and they're worried about support, what do you see right now, technically >> there have not been a lot of break downs with the pullback that we've seen. certainly there is a meaningful loss of momentum it's not just short-term in nature it's also intermediate in nature that's what differentiates the current weakness with what we have seen previously for example in late january. the loss of relative strength as well as very meaningful behind the nasdaq 100 and related names like tesla, tesla is down about 40% from its highs, and actually, the major indices have held up remarkably well considering that that downside leadership is also a meaningful shift, and it tells us that perhaps this pullback won't just mature very quickly and instead, it will give way to

a period of sort of choppy, sideways price action. something that unfortunately is quite frustrated and difficult to sort of more of a directional bias >> do you think technology has lost the majority of its momentum, and relative strength. >> you know, not the majority of, certainly the long-term momentum is still very much positive around the world behind technology behind the major indices, and globally behind equities i don't think that will change throughout consolidation fees. if you look at the monthly or long-term charts, the uptrends are very very steep, and there are some scientific exhaustion that we could see up to four months of consolidation. that would be healthy in the big scheme of things i think that the valuation or the rotation from growth into value is meaningful because the ratios there have really broken down, so we're not seeing break downs in absolute terms of technology too much, but certainly in relative terms those break downs seem to be

real albeit, a little bit overdone in the short-term so in the short-term, tech stocks are a bit more over sold than average i think we'll see relative stabilization there as we get a respite from that ratio. however, i do think it's meaningful and that it means that the value trade is really here to stay this year, and that's just that stock selection will be way more important this year than it has been in the recent years meaning it's not all about faang plus tesla anymore but rather we'll be rewarded by finding great stocks that can benefit from the economic recovery >> okay. define value stocks. value, katie, is in the eye of the beholder, some people say, oh, it's only oiland gas or beaten up stuff. you say value still looks good what looks good inside of value. >> for me it's a set up from a technical perspective that reflects value these aren't the stocks that

have reached new multiyear and time highs and well established up trends and those that advance from basing phases in q4 of last year, you're finding that set up primarily in energy, in financials, selectively within industrials and materials, more cyclical areas of the market there's still some great setups in technology, of course, from an absolute perspective, of course those are relatively overbought when you take a ratio of each of those individual stocks to the broader market or major indices. i think there's a little bit more upside or room for out performance from the value arena with that in mind, and there's some great set ups out there i also think that with additional near term weakness, we could get some rotation that's a little bit more defensive, and we really haven't seen that until recently i think a great case in point would be procter & gamble, pg&e

is well off the lows after lagging for months, and the short-term momentum behind consumer staples could be informational. >> p and g, the swiffer trade if you will, katie stockton, a real pleasure to see you again. thanks for coming on the program. good stuff there, and a market thatvebo is tc erydywahing closely. have a great day and folks that goes for all of you as well have a great day wherever you are. 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.

good morning, yesterday's selloff in tech stocks, pushing the nasdaq all the way into correction territory but futures pointing to a rebound this morning we'll show you what's moving the house preparing to pass the $1.9 trillion relief in spending bill. stimulus money is expected to arrive in people's bank accounts later this month plus, it's the viral post

pandemic ad campaign that we told you about last week now i see that string of saliva. i didn't see that last time. that makes it even worse the ceo of suit supply joins us on the controversial images, which we can't forget. and especially when we keep showing them it's tuesday, march 9th, 2021, "squawk box" begins right now. ♪ spread your wings against the sky yeah i believe we can fly now ♪ ♪ spread your wings and fly up high so we can kiss the sky ♪ >> good morning, everybody welcome back to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. just checking things out, guys, having some issues with the prompter right now, but we're going to start with the markets like we always do. let's check things out yesterday was a steep day of declines for the nasdaq. you're going to see it