eaess. pick an order, print everything you need, slap the label onto the box, and it's ready to go. our costs for shipping were cut in half. just like that. shipstation. the #1 choice of online sellers. go to shipstation.com/now and get 2 months free. it is 5:00 a.m. at cnbc, and here is your top five at 5:00. up one day, down the next, big tech down big again. futures in the red, as the stay-at-home trade falling out of favor fast as we all look to get out. speaking of the end of the pandemic, another very positive piece of news from another vaccine candidate. everybody who wants the shot should have one by may breaking news involving president biden and asia pacific leaders on the push to contain china. we are live in beijing with

details. another day, another potential high profile spac deal, this one involving the popular asian ride hailing start up grab, and it's friday, which means the return of insider buying, your exclusive look at the big names, making big buys of their own company's shares, and today it's one of the biggest buys we have seen in one of the biggest names in media you know it is friday, march 12th, and this is "worldwide exchange. ♪ come on and take a free ride ♪ well, good morning, good afternoon, or good evening, and welcome from wherever in the world you may be watching. happy friday, i am brian sullivan thank you very much for joining us we have a very busy hour to end the week as nasdaq futures are down about 200 points again as yields move higher we'll get to that in a moment. we begin with this breaking news involving president biden. he is set to meet virtually

today with the leaders of japan, australia, and india the group formally known as the quad expected to focus efforts to contain china's territorial claims in the region let's talk about what they may talk about and get right to eunice yoon live in beijing with more good morning or good evening to you, eunice. >> thanks a lot, brian well, china is not happy about this summit. just a couple of moments ago, the foreign ministry called on countries to refrain from creating blocks saying that governments should attempt to build trust and understanding, rather than target third parties. now, the white house has said that the summit and the purpose is to have the four countries look at different areas where they can cooperate but of course the signal that this is sending over here in beijing is that this is a way to counter china's influence. in fact, indian officials have said that one way in which the

summit could produce a way to counter china's soft power is by agreeing on financing and funding for india to be able to export more vaccines for the rest of the world. now, while the government has been criticizing the summit, state media has been playing down the influence of this summit to the chinese public saying that australia, india and japan all need their ties with china for a variety of reasons, mainly economic, and so because of that, according to global times, it would be impossible for the three to quote, blindly follow the united states, brian. >> all right so what exactly can we expect from the quad, and as we said, it's informally known, and what can we expect from the chinese government will they acknowledge what is said on this virtual meeting will they kind of just brush it off? >> well, the meeting is seen as a way to set the tone for

discussions that are going to be happening next week, and china has already expressed, well, really been digging in it heels on some of the issues that are important to beijing both sides have said that this meeting that's going to take place next week between -- with secretary of state anthony blinken on one side, and the chinese top diplomats, both sides have said this is going to be a difficult conversation and already the foreign ministry flagged that today saying that the united states needs to stay out of china's affairs when it comes to hong kong and this came after the chinese premiere said the same thing, that the way forward for a discussion between the u.s. is with mutual respect as well as noninterference. >> eunice yoon who is live in beijing, a very important meeting virtually next week.

eunice, thank you very much. let's turn to how your markets and your money, the global markets are setting up their day, and it is once again, we are in the red. we are seeing nasdaq futures, look at that, down huge off of 252. dow futures off 10 again, people aren't really watching the dow, they're watching the nasdaq and big tech we have had a decent run for the nasdaq this week the major averages, by the way, on their pace for their best week in a month, so called value names, the boring old economically cyclicly senseitiv names, they're the ones that have done well along with small caps, by the way if you're not paying attention, we have been talking on "worldwide exchange" about small caps since july, and they're up another 6 1/2% this week all coming as investors dive back into some of those smaller growth names now, with regard to big tech, totally different story. we have seen nearly a perfectly inverse relationship between

bond yields and big tech as bond yields go up, big tech goes down. if fields stabilize and move lower, tech stocks move higher let's check ten high temperature y -- ten-year-year-olds, making a big spike, up 10 basis points from yelled. ag -- yesterday. again, i know that doesn't sound like a lot if you're new to the markets, that kind of a move in government yields is very big, and we are seeing tech stocks continue to drop as well a lot of concern about inflation in the market as debt is issued at a record pace the job market getting better by the day. a lot of worries out there about inflation. we'll get to more on that in just a second. let's take a look at overseas action in asia, markets finishing the week mostly higher japan has been red hot nikkei climbing nearly 2%. chinese hang seng down 2%.

reversing earlier losses to finish slightly higher let's take a look at the early trade. they are lower, not a big deal the german dax down 7/10 of 1% to washington now, president biden setting a target to have all adults in america gain access to a vaccine if they want one by may new polling from cnbc morning consult shows that 55% only of americans trust that promise even though the data shows we're actually well ahead of that pace right now. the move coming on the heels of biden signing off on the $1.9 t $1.9 trillion spending deal with stimulus checks hitting bank account perhaps as soon as this weekend. nbc's susan mcginnis has more from washington this morning susan, good morning. >> hey, good morning good morning, brian, that's right. president biden, his first prime time address to the american people laid out his plan for vaccinating americans, and getting normal life back on

track. >> president biden on the one-year anniversary of a pandemic that brought the nation to a halt reflecting on a year of hardship. >> a collective sacrifice, a year filled with the loss of life and the loss of living for all of us. >> reporter: but also offering hope, announcing every american will be eligible to get a vaccine no later than may 1st. >> no more searching day and night for an appointment. >> reporter: the president says he's ordering all states to open eligibility, doubling the number of federal vaccination centers and mobilizing thousands to help administer shots, including retired doctors and nurses he's also calling on americans to do their part. >> i need you to get vaccinated when it's your turn and when you can find an opportunity. >> a ceremonial signing celebration of the covid relief, the major policy achievement returns argue $1.9 trillion in aid is too much and isn't targeted enough. >> this isn't a relief bill.

it's a payoff for pelosi's political allies, and it will be the american people paying the bill. >> despite opposition, the president believes gathers can resume by the fourth of july. >> from the bottom of my heart, there's nothing we can't do if we do it together. >> after a staggering half a million americans lost, a sign that life will return to normal. next up president biden hits the road to pitch that covid relief law for the public it's called the help is here tour brian. >> susan mcginnis, live in d.c. thank you very much, good to see you. inflation fears continue to rip through the bond market, and the bond market is starting to flash red warning signs that could hit stocks joining us now global ceo and cnbc contributor, gina sanchez gina, thank you very much for joining us another kind of big jump in

yields this morning to 1.6%. i know we were here a couple of days ago, we fell, and nasdaq futures off 2 to 250 points right now. it's been an incredibly volatile week why do you think we have seen this kind of volatility with bond yields and tech stocks. >> with bond yields, it's quite straightforward. you know, i think that bond market is concerned about the significant debt that we are printing and will have to continue to print in order to support the fiscal spending that we're doing. and there is a concern that that fiscal spending could come at a time when the reopening occurs and causes demand driven inflation. now, look, we think that we're already seeing signs of inflation, and most economists are expected somewhere around 2.9% inflation in the second quarter. we should find in this quarter now, we should find that out in three months, however, there are some economists who believe that

could be as high as 3.5% partially because we have commodity prices that have gone up, because of covisit related shortages in supply in the last quarter of last year you also have base effects you know, q1 a year ago was very weak comparison is going to be -- look like we have a lot of inflation as well, and all of those factors will create inflation. but it doesn't -- you know, what it does for the bond markets is it -- as yields go up, and dividend yields have been falling for the last 12 months, because the stock market has been so strong, you compare that and why would i sit around for 1.4% dividend yield when i could get 1.6% with much less volatility in the treasury market that's what's happening with the nasdaq stocks that are extremely over overvalued and dividend yields are lower than that. >> there's 4 1/2 to $5 trillion in cold hard cash sloshing

around the global market we know a lot of that is going to go into risk assets small caps have done well as well do you think on a macro level. i'm not saying all the stocks, gina, but on a macro level, we have seen perhaps the easy ride, big tech, buy the qqq, that's over it's about actually doing work picking stocks that's going to be the winner in 2021 >> yes, i absolutely believe that i think that we're already seeing -- you know, when you look at the value, everybody talks about the fact that value is out performing but in fact, we're in the middle of a reopening and people are actually looking for growth at a reasonable price more of a recovery than just pure value, but stock picking is the way to go. in fact, institutional investor came out with a survey saying hedge funds which are just the redheaded stepchild of the markets for the last decade are starting to garner quite a bit of interest by institutional

investors because this is going to be a stock picker's paradise. >> yeah, and where do you think that we should be picking stocks is it small caps is it oil stocks, is it boring cyclicals that we haven't talked act, you know, for like a decade >> i think there's going to be something to some of those boring cyclicals, especially if they are valued well energy stocks are just one where the dividend yield is so high because they have been so out of favor, and you know, we could see oil prices going all the way into the '80s, potentially, even though fair value is 63, $65 you're still looking at quite a bit of pent up demand, and opec cutting supply at the same time. so i think that there's a lot of room for some of these some of the areas that you think are overvalued, some segments of tech may actually still have good growth in 2021. you don't want to throw the baby

out with the bath water. i'm saying individual stock names, not, you know, just sector, etf, broad market picking. >> gina sanchez, look forward to seeing you again in person, hopefully soon have a great day and a great weekend. take care. >> you too, brian. all right. thank you, gina. we are just getting started on a busy friday. when we come back. is another big vaccine on the way? stunning numbers out of novavax, and where we truly stand on getting a jab into everyone who wants one. a year ago, the grocery store became one of the most important places in all of our lives and one, to be honest around here, scary at first a lot of things have changded up next, the ceo on change and how far we have come. netflix and no chill, especially if you're sharing your password with somebody else

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welcome back, and good friday let's get to some of your headlines surrounding the path forward in the pandemic. movie theaters in the film capital of the world are set to reopen roughly one year after going dark los angeles health officials announcing the theaters will be allowed to reopen. albeit at 25% capacity, sometime between monday and wednesday of

next week. johnson & johnson's chief scientist says the company expects to produce up to 3 billion doses of its covid vaccine next year. the company which had its one-shot treatment approved in the eu yesterday said he's bringing on three manufacturing plants, that produce the drug and key substances to make it. the big vaccine news before the break. the novavax vaccine candidate showing extremely positive results in its phase 3 trial, including and listen to this, because there's a lot of scary headlines around it, nearly 100% effectiveness in preventing severe illness with the new strains of the virus hear that. 100% effective in preventing severe illness in at least one of the variants. nobody said we're not going to get a cold, but is it preventing severe illness, and most importantly death, the thing that matters the most. yes, it does, and by the way, we have said it before, but we all

cannot say it enough, a huge thank you to all the scientists, first responders, and distributors out there who made all of this happen faster than anybody expected speaking of the vaccines, it is time now for your daily vaccine tracker, where we actually stand right now a lot of conflicting headlines out there. so we're just going to show you the numbers from the cdc, the facts, and the pace continues strong 25% of american adults have had at least one dose. u even one dose after a couple of weeks is seeing effective after a period of time, upwards of 70 or 80% 64 million folks have gotten at least one shot, and we are averaging well over 2 million shots per day, as most states have finally figured it out. of course some still have a ways to go. we're looking at you, california four states, new mexico, connecticut, alaska, and south dakota now have more than 25% of

their adults given a dose. and whether it is vaccines, natural immunity or both whatever it might be, cases are crashing everywhere. case in point, connecticut, their cases are down 90% from two months ago, and hospitalizations, which of course matter more than cases are down 70% let us hope that continues still on deck, while millionsmillions o kids are in school in person, some haven't missed a day of school since september millions more are stuck at home. coming up, getting kids back to school hurdles that remain for students, teachers, parents who have tried to rework the learning experience, dealt with all kinds of challenges, including childhood depression for skin that never holds you back don't settle for silver #1 for diabetic dry skin* #1 for psoriasis symptom relief*

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welcome back, it is time for your morning's three big stock moving stories here you go. stock one, ulta beauty, shares of the retailer down 7 1/2%. ceo mary dillon is stepping down in june. president dave kim bball will be taking her place net sales down 4 1/2% from a year ago stock two, poshmark, deep in the red as well. the ecommerce company revealing a weaker than expected sales guidance for the current quarter. revenue did top analyst

estimates in its first financial report since going public. but investors hated the guidance, posh mark, looking not so posh, down 12 1/2%. and third, funko i just want to say that, funko, the toy maker seeing stocks spike, with sales of merchandise from the mandalorian disney tv show as well as products from its lounge fly brand funko, also forecasting revenue to grow between 25 to 30% this year funko is up 12%%, you go, funko. still ahead, are you going back to the office, you might be goldman sachs the latest company to put a time line on the return to the office. we'll tell you when it expects employees to get back in the building and a reminder, if you have not already, what are you waiting for, subscribe to our podcast it's on the apple,

spotify and other podcasting platforms, it's ingeniously named "worldwide exchange. it got 4 1/2 out of 5 stars. go figure. subscribe today. and let's not forget that this month is women's history month, and so we are spotlighting some of our cnbc contributors, and friends. here's our friend lima halima kroft, and the women that inspire her. >> i was inspired by fareless female leaders, the first to lead their country, bhutto in pakistan, these are the women that led their countries in challenging times. they were not perfect leaders by any means, but they really were fearless, they had snepis of steal, and they were incredible inspirations for me growing up

watch out below, nasdaq futures down 200 bond yields spiking as big tech could be a big wreck yet again today. covid, one year later. remember when you couldn't find toilet paper or hand sanitizer scary times but things have changed. the ceo of stew leonard is here on what we have learned over the past 12 months. and follow the money, it's time for your "worldwide exchange" exclusive look at what company insiders are making the

biggest bets on their own companies with their own money and this week brings the biggest insider buying that we have ever seen it is friday, march 12th and this is "worldwide exchange." >> well, welcome back. or welcome good friday morning, i'm brian sullivan it's just about 5:30 here on the east coast, and here's how your money and investments look right now as we are halfway through the 5:00 a.m. hour, and it is not looking good for big technology what a wild volatile week it's been we showed you the wall graphic yesterday. up 200 one day, down 300 the next, up 300, well, another big down day nasdaq futures off 250 the dow, forget about it okay we're not focusing on the dow. we're focusing on technology all the names that you bought or may have bought or probably owned in an etf or a mutual fund

or the arc or whatever it is that have made you money in the past year. they are down big time this morning, nasdaq futures off 250. one of the reasons, treasury yields spiking again after stabilizing for a couple of days bond yields up more than 10 basis points, again, doesn't sound like much but for bonds it is, inflation fears, they're very real. what inflation does is reduces the purchasing power of your current dollar in laymen's terms, it makes things more expensive. if you make x, you got to spend more to get the same amount of product, and pretty much every commodity is higher. so far this year, ten-year yields up again today. who are some of these names that are losing the most ground in the premarket for big tech it's the names you might expect. all the names that printed money for you last year because covid would never leave and will never leave our home again obviously not true peloton, baidu, tesla, docusign,

down 3 and 4% right now. we're going to hit more on the macro marks in a bit right now, it's time for a wex exclusive. these aren't stock buy backs these are corporate insiders buying their own stock with their own money and the data from our inside at ins insiderscore.com is thank you. we're counting you down five to one, and this time, big time dollar amounts and one really big name you ready? i am let's go stock number five. dominion energy, ceo buying 999,999 worth of that power company. stock four, adt, ceo snapping up just over a million bucks in stock. insider score notes a very rare insider buy here, so watch, adt, and now to some big time buys, by the way, ps, was his 90th

birthday, yep, rupert murdoch buying $12 million worth of news corp. stock. that stock has been rallying nearly every day he's buying into strength, not weakness news corp up 30% this year murdoch buying 12 million this week, and that's the third biggest buy. stock 2, a 13 1/2 million dollars buy by a board member of wayfair, this board member owns a tono of shares a bullish move and that's not even the most the most insider buying this week is a $15.3 million buy at pipeline firm enterprise products partners. epd. board member randall williams buying nearly 678,000 shares, and get this, and this sounds good, williams receives $300 million per quarter as a

dividend into the family trust this is the reinvestment of their dividend money wow, must be nice. there's your top five insider buys this week some big names, big dollar amounts. dominion, adt, news corp, wayfair, and enterprise products, some of the biggest numbers and the biggest names that we have seen. and why should you pay attention to all of this you don't have to but an equal weighted basket of all the names that we have been bringing on this segment since the middle of last year is up 21% year to date, outperforming the broader market. now to some of this morning's other big corporate news that's out there on a busy friday bertha coombs joining us with the headlines. bertha, what are some of the headlines? >> good morning, brian southeast ride hailing grab is reported to go public through a spac deal because isn't everyone the "wall street journal" says a

tie up could value the company at as much as $40 billion. that would make it the largest spac deal on record. grab is reportedly talking with atimeter capital management which has two spacs. the journal says it's unclear which is in discussions with the start up g goldman sachs meantime talking to employees about a return to the office in a global town hall meeting yesterday, ceo david solomon told the bank's workers he hopes to have them back in buildings by the summer. and netflix wants you to stop sharing your password so the streaming giant is testing a new set up that pops up a message on screen reading if you don't live with the owner of this account, you need your own account to keep watching. reports have suggested about a third of all users share their passwords with others. brian, it's not exactly clear how they'll shut you down, but it may have something to do with a prompt on a phone.

so it's going to be a little tougher, netflix, until now hasn't cracked down very hard. >> does that mean i got to stop using b coombs cnbc for my log in >> you might be using mine, who might be using someone else's, and yet they have 2 million subscribers. >> most people do this for the nfl direct ticket. i may or may not know some people that do that as well. mum's the word bertha, thank you. back to the markets, president biden has now signed, sealed and delivered the $1.9 t $1.9 trillion spending bill called the rescue plan $1,400 checks will be delivered to millions of people, some of you getting them as soon as this

weekend, combined with the improving labor narmarket, and rising incomes is driving a big time increase in consumer spending where are people spending other cash check out the invesco, leisure, ticker pbj, up 31% this year in anticipation that very soon we're all going to goat, get out and travel and your next guest has names that could benefit greatly from the latest stimulus. david katz, managing director at jeffreys, david, you could make me look really good or really bad right now, and i want you to do whatever you think is right, because one of my predictions i wrote in december is that based on the current trend back then, las vegas would be totally sold out by labor day, and i did a mea culpa saying based on what i'm seeing now, i think vegas could be sold out by memorial day.

right or wrong well, look, i think you're -- and i've come on to make you look good and your netflix secret with bertha is safe with us, also look, i think a lot of the answer to that question, brian, is going to be really around the rollout of vaccines, which appears to be accelerating, right, but what i can tell you is that the stimulus support is going to be very helpful and, you know, the framework we're using to look at stocks, which is leisure, drive to, you know, outdoors and, you know, those poor discretionary endeavors that does include casinos, and the leisure trips that people will make, and that's why we have favored caesar's. they tend to be much of a consumer oriented casino company because las vegas does benefit from groups, that has a business element to it, and whether jeffreys or cnbc is going to be

willing to allow us or send us on a trip by memorial day i think is a harder question to answer, but i think you and i would agree that if the decision were ours, we would get in the car and go we have also looked at -- >> i don't know about a car, if a car woul wd work for me. it would take me four days to get there. i'm going to text your buddy rich handler, and we're going to get out there at some point soon you do bring up an excellent point. there's a difference between consumer spending and corporate spending the corporate side is going to take longer because companies by nature are nervous that's the way it is in corporate america, they got lawyers and everything else. the consumer may be a little bit different. why do you think caesar's, one of your picks, will be a winner. >> they tend to be more of a consumer oriented casino company, right, they have a large regional network around the united states. they do have a vegas presence.

it's maybe a third of the business, and as well, they are about to close on their acquisition of william hill, which brings them a sports belting and i gaming opportunity, digital gaming is the most exciting growth avenue in gaming in the past 20 years we have tried to choose stocks that have multiple things going on multiple ways to win, not just, you know, stimulus, recovery play, and hey, it's cheap. >> and speaking of consumer travel on a different side, okay, think of the children, david. i know my kids, they like to go to six flags, nice day trip. i know six flags is open in kind of a weird way right now it's another name that you like. it's outtodoors, we move quickly the wind is blowing by us as well do you think that's going to be a winner. >> we have and we were on to six flags before covid started the management team changed. the company had a retooling

process. their whole pricing strategy was going to change. the whole in-park experience was under review with a solid new management team, and then covid hit. again, you have the opportunity of recovery from covid, but you also have some of the other initiatives that were underway before covid started and i think that's what compels us in addition to the fact that it's outdoor, leisure, kids, drive to, and all the elements for us. and you know, we expect it to be a multi-year progression of earnings moving up, but certainly a recovery and stimulus play also. >> david katz of jeffries. i don't know if we can get handler out there but i look forward to seeing you back in vegas at some point soon perhaps. if i'm wrong, i'm going to deny ever saying it david katz at jeffries, have a great day. good to see you as well. >> pleasure. >> you me, and hunter driving to

vegas. coming up, a much more serious story, a tale of two records, millions of kids across america have never missed a day of in-person class this year hard to believe but true and others in under privileged areas, still haven't gone back to school even for a day they may have no timetable to do so coming up, ylan mui breaks down where we stand and what's at stake. i've loved trucks since i was a little girl,

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welcome back, this is one of the saddest stories among the many sad stories of the pandemic and lock downs millions of kids, many of the children of working class people who can not work remotely, still stuck at home, trying to learn virtually. many have vanished off screens, and educators across the country are grappling with how to get the students back in the classroom, and a push to get back to the business of learning the potential return is a high stakes move from both kids and parents after a year of adapting ylan mui joining us now with more i know you have lived it your school district just going back, a couple of weeks ago with your kids as well. it's hard to believe, but millions of -- i know people whose kids have never missed one day of in-person in class school in florida, texas, michigan. it's such a bizarre dichotomy. >> yeah, there's such a disparity here, brian, a year into the pandemic, only six states are mandating that public

schools reopen for in-person learning a lot of decisions driven by local school districts the result, a wide variation in when and how kids return to the classroom, and parents scrambling to find out solutions that do not involve zoom. >> they were doing it but by the end of the day, they were spent. my son's phrase is he felt like his mind had melted and it was only, you know, 1:30 in the afternoon. >> john franklin turned to schoolhouse, a start up that actually launched in january 2020 just before covid hit. the company's original idea was micro schools, a few teachers and kids in a store front and shopping center, for example, but they quickly pivoted to pandemic pause, connecting parents to teachers for in-home schooling. day operate in eight states and are hoping to raise additional venture capital to keep

expanding even after the pandemic >> we really see schoolhouse as the best academic option available for our parents, and so we already have pods that have renewed for fall 2021 so although we started and i think got a lot of momentum from the covid pandemic, we really are built for the long-term. >> according to polling, the percentage of parent participating in pandemic pods peaked in october at 55% since then, it's held steady at about a third of parents the survey also found that nearly one in five kids have switched where they go to school since the pandemic started brian, it could be hard for parents to disrupt their education again, and switch them back once life returns to normal back to you. >> you know, but that's my point, ylan. it's so hard for people to understand, and i'm not trying to make a point either way i have been to 15 states in a year, okay

during the pandemic. there are many kids who have never missed a day places where there's backyard barbecues going on now the difference between d.c. to new york, chicago and california, and i'm a kid of the l.a. public school system. i was born in gardena, lived in torrence, and long beach it is -- the difference is stunning your report is amazing, ylan, because what you're getting are parents who are actually setting up new schools, right. i mean, that learning pod, whatever you want to call it, that's basically a mini school >> yeah, parents have had to be really proactive in this situation, and you know, something that you were mentioning earlier as well, brian, the fact is that so many kids just simply disappeared from the grid entirely we're talking about kids who were able to find their own solutions but there were a lot of kids who simply stopped showing up and that disconnection to the school

system, and the disconnect with learning, that's something that's going to stick with us for a long time, and the economic impact of that is going to last for a generation >> you know, and i'm getting a little emotional because i'm exhausted. you talk about inequity, inequality, wealth inequality, the education inequality gap that's going to be created by this i'm not advocating one thing or the other. it's not my job, but i know the cdc, and the mayo clinic, i know i'm eating time. it matters "the new york times," two weeks ago, texas, they did this big study wan engineering firm, you know how you open a school safely, open a window and a $30 box fan. keep the air circulating, and you're probably going to keep the kids, teachers and parents safe this is a big deal for millions of kids who, i don't know about you, ylan, i would have stunk over zoom. i'm all crazy anyway it would not have been easy.

it's an emotional topic for a lot of folks out there, ylan thank you very much. >> ylan's like, what just happened all right. sorry, ylan. well, it is not just schools one year ago, grocery stores across the u.s. found themselves thrust into the covid outbreak as millions of us race to gather up supplies to ride out those initial lock downs if you're not in the northeast, i can't tell you again what it was like it was like people in full diving outfits, diving bells with gas masks going into grocery stores, and the store owners were forced to dramatically overhaul their businesses and now the way that we get that gallon of milk and a carton of eggs has pretty much gone back to normal, albeit with a man on stew leonard's ceo, sorry to get worked up in the last segment. we have kids and we want everybody to be safe >> you're all fired up first thing in the morning >> i'm sorry to do it. it's a little early. listen, it's just like your

business, right, we need food, and i remember those early days when i'm not a brave dude. i was scared to go to the store. we thought if you looked at somebody with covid, you would turn to stone immediately. how have things changed for you in the last 12 months? >> you know, brian, first of all, i'm glad you're all worked up this morning like that. we've got a lot of energy in you, but you know what's happened this past year is we always compare our sales to same day last year. last year was the first day we were down in sales over the last year and that's because the pandemic just hit last year, and people were grabbing stuff off the shelves. here's one big thing people wanted more restaurant quality. how do you like that thing right there. that's a beautiful tomahawk steak, our ranchers were great getting us food. one thing that's changed, people are going more grab and go, just like the cruise ships or casinos

with the big buffets, we had to close it all down. we had pistachio nuts that were loose, and you could scoop them yourself we had to take that out and our bagels that you could pick, you can't pacick them anymore we had to convert on the food side. >> stew, how much of the changes we have seen, the ones you're highlighting as well how much of those are here to stay or do you envision a day when it will be like 2019, and we kind of won't even think about it, and we'll be scooping the pistachios with our bare hands? >> you know, brian, that's the biggest question we talk about here at stew leonard's all the time what's the stickiness of all of this afterward people want a curbside and delivery that's for the roof at stew leonard. how much of that will stick after the pandemic i don't feel right now, even though the state to have connecticut, new jersey and new york where our stores are, the governors are loosening up restrictions and capacity

requirements, i still feel people are a little nervous about sticking up a ladle and scooping food out of a buffet table. even if you go to a wedding, i think it's the same thing. >> you know, one of my favorite afternoon hobbies when i lived in connecticut was to go to one of your stores in norwalk, you do a great job a huge shout out to you and folks that work behind the scenes, especially during the dark days, we're terrified to walk in, they're working all day and night. a huge thank you to them and you. take care. >> tnkouthk ha y, anyou, brian. >> we're back. >> you're welcome, stew, thank you, and we are back right after this, nasdaq futures so you're a small business, or a big one. you were thriving, but then... oh. ah. okay. plan, pivot.

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welcome back, dow futures, they're up tech stocks, they could take another big tumble as well nasdaq futures off 230 let's bring in one of our favorite people, high tower chief investment strategist, and cnbc contributor, stephanie

link nasdaq could be a dog again. what do you make of this incredible volatility we have seen in tech stocks? >> it's crazy, right good morning, it's rates, rates are front and center they have been for the last several weeks. this week we had stabilization until this morning but we had stabilization in the ten-year, a lot because of dafd t -- david tepper comments. medium term, though, rates are moving higher because of the stimulus, the liquidity, vaccines, great proxigress overnight with innovnovavax and, visitations in january were down 23%. in january march, down 8% so you're seeing progress on the whole reopening. you're seeing reservations on the rise you're seeing air travel, tsa checks all better, so the stimulus is working. it's just going to lead to not

only better growth, but probably more inflation if that's the case, rates are going higher in the medium term and value will work over growth, and some tech stocks and high fliers will struggle in the shor short-term. >> all tech stocks are not created equal. i happen to watch you on "halftime report," and shows like that, stephanie google, right, everyone just dumps faang in the qqqs. you still love google, and i think you have added to more google or alphabet, whatever it's called . >> yeah, i'm under weight faang in general and under weight tech mainly software in general, but i do like alphabet i think there's operating leverage in the store. it is a way of reopen on travel search, and digital advertising has certainly rebounding that one i really like i am under weight for the most part, the other faang names. i like semi cap equipment, i do like broadcom, and lam research, i like cyber security too. so there are pocket this is tech

you can like but today they're all going to be down so you just have to be very particular and you have to pick on the down days. >> you think the macro tech trade is over, stock pickers, stephanie? i. >> i hope so as an active manager. i think you have to be selective, and you do definitely want to have maybe not the value names but the economically sensitive names, the financials and materials and industrials and energy, those sectors, i am overweight i think you want to barbell it, but be selective in tech, and be overweight those >> stephanie link, we appreciate you coming on "worldwide exchange" as always. stephanie, best to you and yours. good friday, good weekend. we'll see you soon thank you very much, take care. that does it for us on a busy week. "worldwide exchange" is over "squawk" is picking up the coverage nasdaq futures down more than 200. could be another big day, not in a good way for big tech.

hope you have a blessed and wonderfuweenl ekd, everybody we'll see you next week. take care. for nearly a decade, comcast has been helping students get ready. we've connected 4 million low-income students to low- cost, high-speed xfinity internet. we're working with hundreds of school districts across the country to sponsor free internet and laptops. and parents are seeing an impact. and now we're turning 1,000 community centers into lift zones - wifi enabled safe spaces to study. so more students can be ready for anything. i'm trying to do some homework here.

good morning, tech stocks surge yesterday burt look out, giving back about 2/3 what we gained yesterday, we'll show you

what's moving. president biden urging states to open up vaccine eligibility. there's new data from one vaccine maker shows 96% efficacy against the original strain. the digital arc by artist beeple is going to set an auction record with a high of $13 million. this is like -- what we have seen in ipos 13 million was the range we thought that was a lot. until they got 69 million. 69 million at the closing gavel. we'll talk about the frenzy around non-fungible tokens it's friday, march 12th, 2021, and "squawk box" begins right now ♪ how much does it cost i'll bu it ♪ ♪ the time is all we've lost i'll try it ♪ ♪ and he can't even run his own life i'll be damned if he'll run mine ♪