it is 5:00 a.m. at cnbc global headquarters and here is your top five at 5:00, one year later and the u.s. now surpassing a key milestone in overcoming this terrible pandemic, exclusive data ahead. one day after being left out of the rally, the dow roaring back in a very big way futures, they are higher once again. nearly $2 trillion and straight along party lines, the house passing the spending and stimulus bill, checks are on the way. much of that may go right into the stock market of that 1.9 trillion,

billions earmarked for one struggling sector of the american economy, key to getting americans back in the office and people back to their sanity. we're going to speak with one early education insider. and from totally shut down to sold out, how the path forward for the american economic recovery may just go through the magic kingdom. it is thursday, march 11th, and this is "worldwide exchange. ♪ >> good morning, good afternoon, or good evening and welcome from wherever in the world that you may be watching. i'm broian sullivan thank you very much for joining us on "worldwide exchange" and let's kick your thursday morning off with what else, stock futures. we do it every day we're going to show you how your money and the markets look as you wake up or get your day going if you're in europe or parts of asia, wrapping the day up green across the screen. look at nasdaq futures what a weird few days.

a couple of days ago, tech stocks down 200 on the futures yesterday, up 200, and again, we are seeing that reversal to the up side. nasdaq futures up 230, dow up 138 right now. after being left out of the rally on tuesday, speaking of, the dow roaring back in a big way yesterday, surging to a record high, closing above 32,000 for the first time ever likely has to do with a combination of things, but the treasury bond market settling down could be a big one no big moves the last few days in yields. you also have stimulus checks about to hit the economy and the stock market, and a technical continuation of recent trends, we'll get more on that with craig johnson in just a moment around the world, a mostly higher session in asia overnight, the shanghai comp popping. more than 2% talk of the government stepping in and doing buying there the trading day just getting started over in europe, ahead of a very important ecb decision.

that's at 7:45 a.m. eastern our time julianna tatelbaum is in our london newsroom and we have a lagarde. it's not powell watch, it's lagarde watch there. >> that's right. great to join you this morning so european investors bracing for the central bank meeting which is going to take place in just a few hours, and just like in the u.s., investors are going to be watching for how the central bank communicates about the recent rise in bond yields, how hard they press against, lean against that rise in yields as for equity markets, we are generally trading higher this morning, though we have come off the absolute highs of the session. the italian market is leading the way higher, up 8/10 of a percent. worth noting that yesterday marked the third straight positive session for european equities the overall trend has been higher for u.s., for european stocks, turning to bond markets, here's a look for you at how yields are trading generally we are moving lower ahead of this all important ecb

meeting, in addition to offering a policy decision, the ecb is going to issue their new economic growth forecast and inflation forecast a lot to look out for later today. brian. >> juliana in london ecb watch, 7:45 a.m. thank you. now let's get to a few other big stories that are happening on this thursday morning. bertha coombs is here, and she has those. good morning, bertha. >> good morning, brian, moderna says it is starting human testing on a modified version of its vaccine designed to target the covid-19 variant coming out of south africa. the company says 60 volunteers have received the booster shot so far after receiving a full dose of the original vaccine last year. soft bank company coupang, pricing shares at $35 each

according to reports, giving it a valuation of $60 billion, making it one of the biggest listings by an asian company on a u.s. exchange. coupang begins trading under the ticker cpmg. the ceo will join "squawk box" at 8:20 eastern time. consulting firm mckinsey releasing a first of its kind study it on race in hollywood, identifying the entrenched racial inequities in the entertainment industry and the opportunity that could be unlocked if it addresses them. among the findings, mckinsey says black led products are consistently underfunded and under valued despite clear evidence of outperforming other property adding if hollywood chooses to address the racial inequities, it could increase the revenue by 7% or $10 billion. brian.

>> those are some big numbers there, and you know, hey, if the economics are there as well, and it's the right thing to do, that's a double win. bertha coombs. >> and you get a variety of different stories, and you know, backing more women, backing more people of color in general look at the korean films that have done so well. >> what was the one, oh, we call it we ax brain, when you're getting up and you forget basic things like where your keys are or walking, the one that won the oscar. >> now i can't remember it either, it will come to ne. >> star wars, i got it bertha, thank you, see you in a built. we call it wex brain you know what it means back home, history in the making, the house passing the third coronavirus relief related package. this one the largest yet at $1.9 trillion. it's got sweeping provisions for things like struggling pensions, child tax credits, and hundreds

of billions in aid to struggling cities and states. the $1,400 checks that get all the headlines, they should go out before the end of this month. tracie potts joining us now with more from washington tracie, good morning >> good morning, brian if you do direct deposit, the government saying some people will see that money land in their accounts next week it is a massive package. too much, republicans argued, but this is also the most partisan relief so far not one republican voting for it we can hear more about that tonight and the rest of the president's plan to deal with this pandemic when he addresses the nation >> to reach those who have been hit the hardest. >> president biden will address the nation tonight, marking one year since the coronavirus pandemic shut down america >> i'm going on prime time to address the american people, and talk about what we have been through as a nation this past

year but more importantly, i'm going to talk about what comes next. >> next, getting 300 million people vaccinated. >> 90% of people are still unprotected and not yet vaccinated. >> reporter: the federal government is ordering 100 million more doses of the one shot, johnson & johnson vaccine, promising enough for every adult by the end of may. >> the motion is adopted >> reporter: the american rescue plan, just approved by congress, includes 7 1/2 billion dollars for vaccine distribution >> this isn't a rescue bill. it isn't a relief bill it's a laundry list of left wing priorities. >> reporter: the plan includes aid for governments, schools, businesses, and families >> you will receive $1,400 checks by the end of march help is on the way >> reporter: direct deposits could start next week. not one republican voted for it. concerned about the $1.9 trillion price tag.

>> beware, there's no such thing as free money. >> what is wrong with you? we are going to act with the fierce urgency of now. >> reporter: now, new cases, hospitalizations, and death rates are dropping as president biden prepares to sign the bill tomorrow >> and then he hits the road to sell it to the public starting in pennsylvania tuesday, brian >> tracie potts, on that historic milestone bill. thank you, have a great day. on the heels of that milestone, how about another milestone. this one a little smaller involving the dow, closing above 32,000 for the first time yesterday. it took the dow 42 trading days to climb from 31 to 32,000 that was the quickest 1,000 point move since the last one. only took 28 days to hit 31,000 from 30. tech also turning around, so where can we make some money these days, where are the trends, craig johnson is chief

market technician at piper sandler. he's probably been more right about these market swings over the last few years, than anybody else out there craig, we appreciate having you on this morning. parasite, by the way, is the name of the movie. craig, we've got some individual stocks from a macro market perspective. you've got a 42-25 target on the s&p. you see the market having legs overall. >> thanks for having me on, and it's great to get up early, and get the day going. as you look at this market, though, let's break this down. this is a market where it's the tale of two take place you mentioned earlier with the dow make new highs you also have transports making new highs. you put that in a technical cn tect, and you have more up side from here. the tale of two tapes is interesting because below the surface there's a lot of movement going on.

first, you've got the reflation trade happening. what you're seeing happening here is more stimulus coming into the market. the $1.9 trillion getting spent. that's leading to a back up in the ten-year bond yields that's a trend i don't think is going to stop. i'll touch on that in a second that's a positive for the financial sector you also have on the second side of the two-tale taep pe happenig here, you're seeing the energy sector picking up in terms of overall performance. so you've got this tale of two tapes, leading to the turbulence underneath the surface, pushing up the averages, and you're right, we think we can get to 42.25 by year end, i'm not sure you're going to get there in a linear manner. as rates push up, you are going to see higher multiple areas of the market, or long duration start to see a compression in the terms of the multiple. take for instance, the ndx, the nasdaq, you have a correction

there, the biotech index with the xbi, and that's been off 26% from the highs so again, expect more rotation in this market, brian. >> let's get individual names here, craig, that's what we like to do, get the pencils, pens, you talked about energy, oil and gas, the surprise performer of the year pxd, the ceo, scott sheffield, a frequent guest on cnbc, the smartest guy in oil out there. you like that stock. >> absolutely, brian f you come back, and look at not only pioneer, but the entire sector, most portfolio managers are under exposed to the energy sector, and that's going to have to change as oil prices continue to nomove higher. i look at a long-term set up, and you could be well north of 100, looking out, six, nine, 12 months from now, if you look at a point and figure chart on some of these things. pioneer energy is a big downturn

reversal where you have made this classic higher lull in the charts this is a stock that i think people are going to have to step up and buy the high quality names in energy. >> brian, i would also mention the cme, we talk a lot about the exchange we don't talk a lot about the stock. what makes cme look good to you, craig. >> it looks like a huge base in the making a down trend reversal for the cme. this is one of these classic plays, if we are going to see a pick up inflation, commodity prices moving higher, i think the cme is going to benefit nicely from those trends what i have been trying to do is look at some of these areas, sort of avoid the reets, look at mastercard, the banks, things like cme that should benefit from rotational changes in the market. >> finally, a name that is new to me, it sound like something you might put in your dryer but

it's not, apparently, it's a global engineering and manufacturing company, fabrinet. >> so here is another example. we have lived through this feb for a year it's very clear people are going to continue working from home. one of the shortfalls has been band width, fabrinet has equipment and products in place to alleviate some of the band width issues as they put the fiberoptics in place, and perhaps bridge fiber to the home for a lot of people. stocks like fabrinet looks like this nice base on base, starting to make higher in here, and i would just mention to you as you create this balanced portfolio, some offense in here, and also think about some of the defensive names. look at stocks like altria, great downturn reversal with a great dividend yield for individuals watching this

morning looking for income in yield, that would be one name to take a look at >> altria, cme, and fabrinet, also bullish on the macro market great stuff, but we would expect nothingless from you, craig, thank you very much, have a great day, buddy. >> thank you, brian. >> you're welcome. when we come back here on "worldwide exchange," america passing a major milestone when it comes to defeating and getting rid of covid-19. exclusive data you will only see here plus, the dating app that is doing quite well, thank you, despite the pandemic this one of your big money movers on this thursday morning. and after a fiery end one week ago, spacex heading back to the stars. we'll show it to you very busy hour ahead dow futures up 100 we'rba rhtft ts. e ckig aerhi (man) i'm a verizon engineer, part of the team that built 5g right, the only one from america's most reliable network. we designed our 5g to make the things you do every day better.

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welcome back, as we mark the one year to the date of the w.h.o. declaring covid-19 a global pandemic, and really the day everything suddenly stopped here at home, march 11th remember that, suddenly nobody went to work, went to school anymore, or really went anywhere, primarily here in the tristate new york area well, we got hit early and hard. we were afraid to even go to the grocery store. how much things have changed, thankfully, since then how much we have learned about it and if you have been following me on twitter or linked in, you

know i have been trying to send out some of the more optimistic data points in our recovery. not a lot of opinion, just the math and the data. and here's a good one. a chart that we made courtesy of y charts, as of this week, the u.s. has fully vaccinated more people than have contracted the virus in the united states since the pandemic began, 32.9 full vaccinations, 29 million cases as well. whatever your thoughts on the vaccine, the science shows that they do work in reducing illness and also likely transmission to others, cases and hospitalizations crashing all over the country thankfully and with more vaccines being delivered every day, and companies ramping up production, there we go. that spread between total case counts, look at that, and vaccination. should widen considerably that orange line above the blue, that's people fully vaccinated, and look at that, a chart you will only see here

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welcome back, and good morning. why don't we talk some individual stock movers on this thursday we're going to give you three names, all right, ready, stock number one, oracle shares are down this morning, despite better than expected profit and revenue. that is because ceo told analysts currently quarter earnings likely to fall short, the stock down nearly 5% symptom two, bumble, posting first quarterly results as a public company that stock is up nearly 9% now bumble ceo, by the way, will join "squawk box" at 8:30 a.m. eastern. and your third name, movie theater chain amc entertainment, that stock getting a pop this morning. the company reporting a big loss in the latest quarter of last year it's no surprise with almost every movie chain shut down, but investors appear to be cheering an upbeat outlook for the chain as states allow theaters to

reopen amc shares have doubled in the past three months in part not just the reopen trade but the reddit and retail investor trade as well. let's step outside of the stock market, and get a check on this morning's other top news including some of the biggest celebrities in the world thinking about running for governor of texas. nbc's frances rivera in new york with that and more >> that's a fun one. we'll get to it in a second. we start with the senate that has approved three more of president biden's cabinet picks. ohio representative marsha fudge was confirmed as head of the department of housing and urban development. michael reagan will be the first black man to lead the environmental protection agency, and judge merrick garland was confirmed as u.s. attorney general. would texans be all right, all right, all right, with matthew mcconaughey as their governor. the actor may be into the idea of entering the gubernatorial race he appeared on the ball lots of

voice podcast said he's giving running real consideration he has no political experience yet, but he would have time to adapt to the role of politician. texas votes for their next governor in november of 2022. spacex launched its falcon nine rocket early this morning deploying 60 starling satellites over 1,200 are in orbit, beaming broad band internet back to earth. spacex landed the booster, and those are your headlines for this thursday. brian, back to you >> i see what you did there with that mcconaughey thing i didn't know if it was fagazi or whatever it might be. i listened to the audio book, green lights, his book, i listened to five pandemic books and matthew mcconaughey because his voice is so soothing. >> that's what everybody says. it's not worth reading you got to listen because he mcconaughey's it, right? >> it's like just lead me a bedtime story mr. mcconaughey, it's fantastic

frances rivera, thank you very much >> sure. ahead, move aside zinga, there's a new player in town getting all the investor attention. we'll tell you about it. plus, if you haven't already, subscribe to our pod -- maybe we can have matthew mcconaughey do the show one day, and do the podcast in that texas lilt it's all visible on the regular podcasting platforms, apple, spotty, and others and march is women's history month, and we are spotlighting some of our cnbc contributors and friends, and here's pivotal adviser ceo tiffany mcghee on breaking barriers. >> i heard from a father thaks every day at lunchtime he watches "halftime report" with his 6-year-old little girl, and one time when i was on she points to the screen and she says daddy, she looks like me, and so when i was her age, i didn't have women investors to look up to, so it warms my heart that little girls now can watch

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its record watch yet again the dow plowing past 32 k. ten dow stocks up 10% this year. and futures are higher again put it in the books, the house passing president biden's

$1.9 t $1.9 trillion spending bill. the checks, they're on the way, and many may go right into the stock market hundreds of pensions also getting a bailout. and tech trying to make a comeback, and for all of you believers, your upcoming guest out there says that faang should still have some bite this is "worldwide exchange" right here on cnbc well, welcome or welcome back, everybody, and good thursday morning, i am brian sullivan thank you very much for joining us starting your day or ending it, depending on where you might be, and here's how your money and investments look right now, as we are halfway through the 5:00 a.m. hour stock futures, they are solidly in the green we are seeing dow futures up just under 100, but it's tech. that's the story now, the dow coming off a record all-time, again, a 400 point surge, and topping 32,000 for

the first time ever. and taking just 42 trading days to go from 31 to 32,000. as i noted, ten dow names up 10% or more this year, 4 up 25% or more this year led by chevron's 31% gain, 2021 has been the year of oil and gas stocks so far back to tech, the nasdaq and nasdaq 100, largely left out of yesterday's balance after that huge rally on tuesday, ending the day flat to down a possible turn around in the works. look at the point swing, look at that, down 360, down 274, up 200, down 310. up 464, down 5 that's a little anticlimactic there. what were you doing march 10th where was the volatility we'll see what happens today, but nasdaq futures are up more than 200 points right now. that is a huge amount of volatility and swings we have

not seen in a long, long time. by the way, if ever on a point basis. let's get a check on some of the other big corporate stories on this thursday morning, shall we, including tesla upping the sticker prices on its lineup bertha coombs is back with that. what am i paying for a new tesla. . >> you're paying up for any car, right, demand is so strong let's start with boeing. sources telling cnbc it's close to a deal to sell dozens of its 737 max jets to southwest airlines, the proposed deal, which one of the sources said could potentially top 100 firm orders, plus significant options follows intense competition between the smallest member of the max family and the a 220 from air bus shares of roblox soaring in their public market debut yesterday on the new york stock exchange the stock closing at 69.50, giving the company a market

value of $38.3 billion the online gaming app went public through a direct listing, following the likes of spotify, slack, and palantir. shares began trading at 64.50, which represented a 43% increase from a private financing round in january and tesla is increasing the price of its model y long range and model s plaid plus by 10,000 bucks. the price of its model 3 standard range plus has also been increased to $37,490 from 36,990 the company, however, keeping the price of its performance model y at the same range. you know, brian, it's a whole new business model i remember the first time i went in to buy my first car and it was used i went in with my dad. i went in girding for a negotiation, and i think i got a good price but, you know, who knows. >> you know, the price of lithium, which is used to make

all the batteries that these cars rely on has been soaring. i've got to believe that these rare, boring things we never talked about ten years ago, have got to be driving the price gains, and we'll see if that price continues. those were oddly specific numbers, too, bertha 37,096 it. >> i don't know what it is, but they're very modern cars. >> "parasite" was the name of the movie, finally bertha, thank you very much. it goes to an earlier, old brain moment earlier in the show all right, now to washington, president biden set to deliver a prime time address to the nation today. it is just one day after the house passed his landmark $1.9 trillion spending bill. one he is expected to sign into law tomorrow, but with stimulus checks practically in the mail already, what will be next for the white house. kayla tausche joining us now with that. good morning >> reporter: good morning, brian, we are as of today

halfway through president biden's first 100 days, a period of time in which he wanted to hit three specific marks first, challenging america to mask up for that time period, second, getting 100 million vaccine doses into the arms of americans, and third, getting the majority of k through 8 learning centers back into in-person learning so let's start with masks. president biden on day one signed into an executive order a federal mask mandate for federal property and interstate travel, but four states have recently dropped their statewide mandate. three more will end theirs in the coming weeks that shifts the onus to businesses and individuals, as vaccinations ramp up and then there are the vaccines themsel themselves, from january 20th through march 10th, the u.s. has administered 83.4 million vaccine doses and at the current rate of 2.2 million shots per day, president biden is set to meet his goal in just about a week and finally on reopening

schools, his department of education won't have data on the percentage of districts that have reopened until next week, but the census bureau's household poll survey provides clues about how kids are learning right now as of march 1st, roughly 39 million people or 40% of respondents with kids reported that their children had live contact with a teacher for at least two days a week, but that's actually down from 43% from the first two weeks of biden's presidency now, the education secretary is going to convene a summit later this month on exactly that issue, but it's a key pillar for the administration to get women back into the work force, and kids back into schools brian. >> yeah, i mean, we also, kayla, i know you're from georgia, we forget that down south and the midwest, there are lots of kids who have never missed a day of school we talk about reopening schools. i know kids in the south and midwest who have never missed. they have gone five days a week

in person, since last september. it's a sad state talk to us about approval ratings. how are americans viewing president biden's first 50 days. i got to imagine the marks are pretty high. >> they're pretty high but high in line with presidents who have enjoyed a honeymoon period in the beginning of their terms the politics average is currently 53 p.7, so the majori of americans approve of him, and the recent polling shows 59, 60% approval from the associated press, and politico, and morning consult. so certainly that is high, that is the majority of americans approving of the job he's doing, and as we have seen in the approval ratings after the massive stimulus bills get enacted, that's set to go up as americans get money in their pockets, although the white house said president biden will not be signing those checks, unlike president trump who had his name figuring prominently on

those checks because they say president biden doesn't feel that is necessary and he doesn't want to do anything to hold them up brian. >> yeah, they should be going out very soon, and we'll see where that money ends up kayla tausche, great stuff good to see you. thank you very much. have a great day >> sure. you too. investors may be largely cheering the passage of the stimulus package much of the money, as much as 30 to 40% of those $1,400 checks could go right back into the stock market that's based on surveys done by deutsche bank, and if so, will it go into the stocks, and names we all know so well, the big cap tech stocks that have probably made you all out there a bunch of money the last few years. joining us now is snova, do you have any idea if that money, now, we know some of that, a big chung chunk, but 30% will go into the stock market, do you believe it will go into the faang names and

tech stocks that worked so well last time? >> it's amazing because if you look at the cutoff points, i thought they were kind of high a lot of those people making 75,000, 150,000 will probably take that money and put it away, and buy some stocks, and you know, i think what we have seen, brian, is money, you talked about the volatility in the nasdaq, rolling out of the big growth tech names, and going into more deep, cyclical names, turn around situations, areas that have been really hurt by the pandemic, and the question will be, brian, will those companies be able to deliver the same type of earnings growth that we have seen, let's say out of the faang stocks the last couple of years, and that's going to be the big question, and will the money rotate back into those names when that recovery does not come to fruition, we'll just have to see what happens. >> you know, we're showing our viewers, these wild nasdaq point

swings, down 200 one day, up 400. down 300 i understand percentages change when the numbers get bigger. these are big swings yelled was the exception what the heck is going on with technology stocks. >> you got to remember, brian, if we're sitting in the seat together a year ago, we would be looking at the stocks which has gone up about 135% from that point. you look at the s&p benchmark technology sector, that's up about 90%. these groups have ahead huge runs i think it's reason to think, brian, that you're going to see some volatility when you get that kind of increase in such a short time, only 12 months, and i think that's what you're seeing happening right now is just a little bit of money coming off, like i said before, rolling into the cyclicals, but the fundamentals are so strong i have been in this business for over 30 years. i've gone through, you know, i went through the dot come bubble, the housing bubble, and it doesn't feel anything like that right now in terms of i.t. spending and so forth, and earnings and multiples in the

tech sector, so i would expect things to continue to go really well i don't see the thing evaporating like it did in the summer of 2000 >> all right good stuff there, dan, we'll see where those stimulus checks, when they end up in the market, where they go. dan morgan of snonvus. why the house of mouse may be giving us a big crystal ball into the travel boom to come we'll call it the magic kingdom indicator. first, as we head to break, somsof your other headlines, taco bell with crispy chicken sandwiches served on flat bred. jeep unveiling the long awaited luxury grand wagon suv after taking the cult classic off the market 30 years ago. while you may love it, and maybe you want it, you're going to have to pay up are you sitting down a fully loaded threw row jeep

grand wagoneer will cost you $110,000 hard to say, and it's hard to top that story, so we won't. buzzfeed is reportedly in talks to go public via spac. we're back after this. everyone wakes up every morning

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it is happening now. the tampa bay times reports that disney world is largely sold out for spring breakthrough mid april. that's right sold out now, okay. big caveat because the park is still limited capacity, about 35%, so slots which have to be made via reservation are pretty much all gone according to the paper for some of the upcoming spring break weeks. the paper says that all park passes next week are gone. and the first time all park passes are available is april 11th now, this goes to our rbi yesterday, where we showed restaurant reservations, let's call it in oklahoma, which by the way, is open 100% are higher than last year before the pandemic now, of course we done know if disney would be sold out if it was open at 100% we don't but clearly the demand is there. and if you remember one of the predictions i wrote about in december for this year was that las vegas would be sold out by labor day. but i'm going to be wrong,

pending any huge surge in new cases, the new lock downs, whatever it is, let's hope not something trends say is not happening, at least not yet, it will be well before that i may need to revise it to say that vegas could be completely sold out by memorial day i'll take a mulliganon that earlier prediction, it's one time i'm happy to be wrong for the mills in hospitality who have been decimated going on a year now let's hope on the day of all days, because remember, the pandemic hit home on march 11th today, one year ago, struggling families get back on their feet sooner than later. when you do go out, tip generously not a lot of people can zoom, and a lot of people can rightfully be nervous. random but important it's not just hospitality and leisure looking to bounce gback another key sector is getting americans back to work, can

specifically parents, families that can't zoom, education and day care the bill passing allocating 25 million to child care providers, on top of the 10 billion in december joining us now is joe kirchner, the ceo of primrose schools, a day care and early learning center, 440 locations across 32 states serving more than 60,000 families jo, really important to have you on thank you for joining us you might have heard my conversation with my colleague, kayla, and i noted that, you know, we in the media, we're based in the new york area for the most part, so we think everything is shut down, you're all over the country you've probably had facilities that have been open most of the year while others still remain to be open is that the case i mean, there's two different americas happening right now >> absolutely, that is the case. there were states that permitted us to stay open, and other states that completely shut down the child care centers, until they recognized that the emergency responders and the

health care workers couldn't go to work, so then they began to figure out plans very quickly how to open them back up >> are you starting to see the ones that were shut down open back up as the days and weeks start to progress, jo? >> so we've had all of our schools open probably for at least three or four months now, and they have been lifting a lot of the regulations in terms of the size of the group sizes, et cetera, and of course there's tremendous additional costs to the child care sector right now for all of the health and safety regulations that they have put on the child care centers. >> so you're in california as well, i believe, you don't have any -- all of your 440 locations, jo, are open in some capacity right now >> they are all open with the exception of four that had

damage with the storms in texas a couple of weeks ago. after the pandemic -- >> okay. so that's unrelated and again, unfortunately, jo, like everything else in our world, i could talk about spaghetti, and it would suddenly become a political discussion your safety record looks good, or you would wibe shut down the data from the cdc indicates it's safe to go back, it's not my opinion that's the cdc your safety record has been what >> has been exceptional. exceptional. with the exception of teachers, teachers getting covid, and having to shut down classrooms, we haven't had cases where children had covid young children, as you know, the cdc says are not susceptible, as adults are >> and the teachers, and obviously we care about the teachers as well, they're doing well >> the teachers are doing great.

now most of the states are getting the vaccines, the teachers are getting the vaccines really the environment in the schools is good. we have been seeing the families come back when the pandemic hit, the child care industry really was devastated and a lot of families were sheltering at home as the states were asking them to do, and mostly emergency responders and health care workers as i said were in the centers, but soon after that the families started coming back, but the industry was down as low as 13% occupancy when the pandemic hit. today, we're only down about 13%, but the industry is still struggling significantly >> it is, and you know, to your point, i think i read the stat, 40% of first responders, health care workers, they've got young children they can't go to work and help us live if their kids are not in a primrose school or another

early education or school or child care center, so we appreciate the work you and your teachers have done glad to hear everybody is doing well jo kirchner of primrose, thank you, keep us updated please, important story. >> thank you, brian, pleasure to talk to you. >> you're very welcome have a good day, and thank you that all your teachers and educators out there. why jeff describes this market as a buying stampede, if you haven't already subscribe to our podcast, missed the show or getting on the road in a car or plane, whatever it may be, download it off apple, spotify, and other podcasting apps, and tonight, tune into cnbc's "on the edge," hosted by scott wapner, debates about the big play players and big news in the world of big business. dow futures up big, 100. nasdaq futures up 200. we're back after this.

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welcome back to "worldwide exchange," it's thursday, march 11th here is a look at what is ahead today. the european central bank is holding a policy meeting with a rate decision due around 7:45 a.m. eastern ecb president christine lagarde will hold a news conference at 8:30 eastern back here in the u.s., two key economic reports, weekly jobless claims a number of first time filers expected to drop from the previous week and sends us to 275,000. at 10:00 a.m. eastern, my favorite indicator, the jolts survey, a favorite of well known investors and economists, more on the markets and your day ahead. let's bring in our friend, jeff, a member of the advisory board at capital wealth planning i was looking at something you said recently, and it got me thinking, you asked investors or your clients, quote, do you have the mental fortitude to accept huge gains

okay fortitude to accept gains, sure, whine, why is that a hard question >> well, a lot of people, brian, you know, think if they make $10,000, that's all they're really entitled to when if they stayed long in individual stocks, they can make $100,000 so i think it's a mindset with a bunch of investors that were only entitled to make so much, and i think that's a huge mistake. >> and do you think that we should stay long and strong here, jeff, because people have made a lot of money the last few years, and i'm not going to lie, it's tempting to say, you know what, you don't take a loss by taking a profit. why don't i pull a little money out, put it in, i don't know, doge coin. >> you can rotate into different sectors, different groups, and we tend ento do that at capital wealth planning but our investment positions have done extraordinary well, and it's because we're in a secular bull market as i have said in the past, secular bull markets ten to last

15 to 20 years we're eleven years into this, we ought to have another four plus years on the minimum on the up side here. i think it's a mistake to raise cash. >> wow and i know you like your own raymond james stock, rjf, talking your own book, because you probably own a ton of it, but also recommending mutual funds. we normally don't talk about that david ellison's large cap financial fund >> yeah, david ellison is probably the best large cap, and small cap financial portfolio manager i know tom i own his stocks, amy zang is one of the best small cap portfolio managers, along with mary la santay, i own all of those. >> amy zeng was on the show on tuesday, right on this very program.

and we agree with you on amy she has done spectacularly well. jeff saut, i hope we have the fortitude to accept huge gains in the future and you say we will have a great day, my friend. take care. >> always a pleasure, brian. >> oh, yeah, all right thank you very much, jeff. us as well that does it for us here on "worldwide exchange. we're going to see you tomorrow at the same time, same channel, "squawk box" and the gang picking up the coverage with nasdaq futures soaring we'll see you tomorrow lately, it's been hard to think about the future. but thinking about the future, is human nature. ♪♪ at edward jones, our 19,000 financial advisors listen and work with you to create personalized investment strategies to help you get back to drafting dreams and building your future. edward jones. it is time for investing to feel individual.

stocks surging as democrats pass the $1.9 trillion relief bill, and president biden is preparing to give a prime time address. the next steps in the fight against covid. the amazon of south korea preparing to go public, coupang, pricing its ipo above the expected range, raising $4.6 billion in the biggest u.s. ipo by a foreign company since alibaba. plus, digital collectors, listen up, the non-fungible token from artist beeple is up for auction and the bid is higher than $13 million. robert franks has those details. it's thursday, march 11th, 2021, and "squawk box" begins right

now. ♪ it's not about the money we don't need your money money money ♪ ♪ we just want to make the worl dance forget about the price tag ♪ ♪ ain't about the ♪ >> good morning, welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. we're going to start things out this morning with the money. it is about the money. let's talk about the markets, the dow surged by 460 points in yesterday's session. that was up by 1 1/2%. this is the first time the dow closed above 32,000, and it has been up for four sessions in a row. the s&p up by half a percent the s&p is in 1% range of its record close but the nasdaq was actually down yesterday. didn't share in the gains. it slipped by about 5 pouints after tuesday's 3% rally the nasdaq indicated u