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tv   Worldwide Exchange  CNBC  March 26, 2021 5:00am-6:01am EDT

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- grammarly business turned my marketing team into rock stars. (diana strums guitar) maya swears by grammarly business because it keeps her work on brand and error-free. fast and easy. - [announcer] learn more at grammarly.com/business. it is 5:00 a.m. at cnbc. here is the top five at 5:00 stocks looking to build on the turn around with the dow and s&p snapping two day losing streaks. the situation in the suez going from bad to worse. officials saying it may take weeks to free the ship freezing up billions of daily trade. anger high on the hill tensions flaring in the latest hearing on social media. lawmakers grilling ceos are
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misinformation and lies. pushed to the people on their platforms. president biden pushing for states to get 200 million doses in the arms of americans in his first 100 days as cases pop again. and warren buffet's berkshire after the deadly blackout it is friday, march 26th, 2021 this is "worldwide exchange. ♪ come on ♪ come on ♪ take it ♪ ♪ take another little piece ♪ good morning good afternoon good evening welcome from wherever in the world you may be watching. happy friday i'm brian sullivan thank you for joining us to end the trading week let's get to the markets and your money and how it is all looking to end the week in futures. we are looking good.
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stock futures are higher across the board. dow futures up 118 this follows a nice turn around from yesterday they opened weak and down for much of the morning. buyers came in and we ended up higher across the board. not a lot. we were higher and some investors taking solace in the turn around. the second down week in a row, but could eek out a win depending how much we gain today. nasdaq down more amid the rotation of growth names it has a way to go it is friday it is the street of dreams you never know turning to bonds which have been the driver of technology stocks lately the benchmark ten-year yield is sitting at 1.66% around the world, solid gains in
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asia japan, you go, japan the stellar run. nikkei 225 is up 1.5%. now up 30% this year who would have thought europe higher across the board. germany's chancellor angela merkel saying she made a mistake in ordering a new easter lockdown as cases rise the public appetite for a shutdown is not there. we are seeing gains across the board. a lot of -- look at that eu and uk in the green and to the faceoff with the social media ceos and congress hot on the hill yesterday. in a marathon session that turned testy about sharing sites are often sharing a lot of stuff that is dangerously untrue bertha coombs has that and the other top headlines. bertha, good morning >> reporter: good morning, brian. the heads of facebook, twitter and google going before the
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house and energy committees. grilling the ceos over misinformation on the platforms. the first hearing since the capitol riot and rollout of the covid vaccine. facebook's mark zuckerberg says big platforms should be more transparent about how they deal with content that breaks the law, private companies shouldn't be the arbitors of truth >> we don't want a world where private companies judge what is true where every post has to be fact checked before you hit send. at the same time, we don't want misinformation to stop people from voting or causes other harms. >> reporter: the federal reserve says banks will have to wait until june 30th to accelerate dividends and shareholders' buybacks ability to restart the program
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will depend on the stress tests. the financial firms, the biggest, have been limited for the last year as a precautionary measure during the pandemic. and berkshire hathaway is offering to help texas with the energy system following the deadly blackouts the company is proposing a plan to texas lawmakers to spend $8.3 billion to build power plants that would run during electricity emergencies. the head of the infrastructure says it could build ten large natural gas plants that would not otherwise compete in the power market in the state. brian, $8 billion sounds like chump change now we are talking about trillions of dollars in legislation. >> yeah. sounds like the home generators many viewers have at home, buffet proposing to do the same. we will build power plants as a
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back-up to the existing. when they run out of energy, you have to look for novel solutions. >> reporter: we all need the energy obviously, we see how the infrastructure is not prepared in times like that >> certainly was not there bertha coombs, thank you very m much we are just getting started. a lot to do on this busy friday. when we come back, the latest on the vaccine rollout in america as one u.s. company ramps up efforts to get its own employees inoc inoculated. and celebrity chef david burke is here on reopening his restaurants and launching four new ones during lockdown why he is doubling down. and happy friday
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inn insider segment is back. big names this week. a busy hour still ahead. "worldwide exchange" is back after isth dow futures are up 117 ♪ how great is it that we get to tell everybody how liberty mutual customizes your car insurance so you only pay for what you need? i mean it... uh-oh, sorry... oh... what? i'm an emu! no, buddy! only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪ and free, and free, and free, and free, free, and free, and free. free, free.
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welcome back good friday morning. in his first press conference as president, biden setting a new goal for the vaccine rollout in america. he now wants the states to get 200 million shots into ormarms
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the end of april doubling the goal, it is one that should be fairly easy for the states to hit as we are already running ahead of the rate we should hit 200 million in just a couple of weeks a number of states this week, including connecticut, florida, ohio and others, announcing they are widely opening up eligibility for adults to get vaccinated to not just those over the age of 65 right now, here is a look at where we stand in the rollout. 173 million delivered. 133 million administered 87.3 million people getting at least one dose with nearly 50 million being fully vaccinated that is 18% of the population of those who are older than 18. adults continue to march toward the key numbers for inoculation. amazon is ramping up efforts to get its workers vaccinated in the workplace.
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rolling out a series of on-site clinics across america bertha coombs is back with that. how does this work does it come with your prime membership >> reporter: no, but it does help workers get it during the prime working hours. amazon launching the first work site vaccination site yesterday afternoon. in january, amazon appealed to the biden administration for access to the supply to vaccinate its workers. like other employers, it had to go state by state for the doses. 1,000 sirgned up for the missoui clinic that runs through monday. >> i got exhausted with talking through the mask and talking through the plastic. everything it is chaotic. >> i didn't want to get covid. i want to get back to normal >> reporter: that is what
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everyone wants a amazon seeing good demand for the clinics in the coming weeks in nevada and kansas >> we are really encouraged by the early enrollment we have seen for the on-site appointments i think with our large employee base we have at fulfillment centers, we are able to get a large number of people vaccinated quickly >> reporter: now about 25 states at this point are giving employers supply for work site clinics. it is mostly automakers and other meat suppliers the pace is picking up in areas like detroit and in will county, illinois, outside chicago, they opened up to any company with 100 workers or more amazon and most employers are not requiring vaccinations brian, this is a thing of getting access, but also have to convince workers to do it. they are hoping these early vaccine adopters will motivate
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those who are maybe hesitant >> i believe legally they can't. rutgers saying they will require students getting the vaccine that will, i imagine, have legal challenges in the fall you talked to friends or family that said you walk in and get a shot they have plenty of doses. some on twitter say i still can't get an appointment this is a state-run operation. states are very different. even counties and cities are so different from each other. >> reporter: yeah. for employers, they are literally going county by county and talking to them to get vaccine access they are now starting to get it as we have one and a half dozen over the next week or two that are opening it up widely they didn't want employers to jump the line.
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as the eligibility is wider, they are giving access to the empl employers. for the workers, it is tough to take the extra time to get a shot off site. >> absolutely. you have to bring it to the people i saw in detroit yesterday, they said they sent out a note. we have extra doses. come to the dome where the detroit lions play and get your shot bertha coombs, see you in a few minutes. thank you. all right. on deck, could the blockage now take weeks the latest on the massive ship stuck in the suez and sinking a huge chunk of global trade with it >> announcer: today's big number $9.6 billion that's what the blockage in the suez canal is costing per day in lost trade according to the u.s.
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the ship could be stuck for weeks. the massive "evergiven" container ship, remains stuck in the mud in the suez canal since tuesday. it is creating a backlog of ships in the most important waterway and global supply
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chain. efforts are under way to get the ship unstuck some saying it could take weeks, not days to free the "evergiven" because it is stuck so deep and sideways in the narrow canal think of your car in a narrow spot parallel parked with a car in front and behind it directly. it is impossible to get it out and the only way to unload the containers is by helicopter. shippers are getting desperate some are rerouting boats. including tankers of liquid natural gas. two customer ships for u.s. lng have rerouted from the gulf of mexico past the suez and instead are going to go around the cape of good hope they are not loaded with ships let's talk more about this with phillip edge the ceo of edge worldwide
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logistics. his company books space on ships. has cargo on the "evergiven. phi phillip, this is not something we talk about or think about on a daily basis. something like this has never occurred we had other issues in the suez, but not this how significant is this situation to the global supply chain? >> it is huge. if you look at the european market, everything from asia and australia and everything to and from that market passes through the suez canal if you stop that and go around africa, you have a two-to-three week delay no arrivals into europe or other markets, india, asia, australia. it is a massive problem. >> are you or your customers hearing anything from the shipping companies to the suez canal authority officials about when there may be some movement
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in the canal >> very little, really the last thing we heard is it will have a big effort this weekend with the high tide to refloat the vessel the way it is stuck, we have seen similar things with vessels run aground. the way it is stuck, you don't know you don't know how long it will last big decisions need to be made. people are going to run out of stock. if you stop sending cargo by air and rerouting vessels, you don't know hopefully the sooner resolved, the better it is already having big ramifications. >> yeah, we are showing the size of the ship. it is longer than the eiffel tower is tall. it is basically stuck sideways in the canal with limited options. philip, you and your customers, just like our viewers who know there is a traffic jam ahead
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the other option is to take a 100-mile reroute that is open. would you advise customers to say, you know what it is longer and more expensive, but do the five-to-ten day trip around africa and don't sit in the line when they open it back up, you will have hundreds of ships ahead of you that will have to creep through. >> yeah. absolutely i think this weekend will be really critical to the effort. if you can't move with the dredges and tugboats and you have to start unloading fuel and containers -- the containers particularly -- that is an enormous job there is very little equipment in the world to do it. to do that to free the vessel will take weeks. if it is not moved this weekend with the high tide, i would say, yes, look at the turn around africa it will take a long time to free
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the vessel. >> you can get there philip, as you noted, an unusually high tide this weekend. there is hope riding on mother nature to lift that ship out of the mud and get it freed philip edge, thank you very much >> thanks for having me. >> now let's stay on the story and see how it impacts trade and shipping suez sees $10 billion in goods pass every day with this complete stoppage in one of the world's most important shipping channels, it is costing about $400 million per hour in delays most of the stuff that is stuck on the ships are goods heading from asia to china like ducati motorcycles and heineken beer. this is a huge oil route and oil prices on the rise is expected delays and forced to buy oil on the stock market because oil
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never got there. as much as this is a headache for many, it may be a big moneymaker for ship owners who are now seeing their ships that are not stuck in the suez trade for big dollars. let's bring in randy givens. senior analyst of the energy maritime shipping group at jefferys randy, i know it is early there. a big story. it affects the container ships tankers who you cover in a weird way, is this good for the shipping companies >> good morning, brian it absolutely is as we discussed a year ago with the china sanctions and then again a few months later with the attack in the gulf when you see events like this, all of that desk low islow catid
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the distance you need to take from the producing region to a consuming region we have seen tight markets record rates across the container industry for the aligner company. the container ship company as well now you see that on all sectors. for example, eagle bald shipping they are all benefitting from a shortage now of ships who are getting stuck in or near the suez canal or more tightness in the supply because ships have to go around south africa adding another ten days and tankers the suez canal is a major route from the arabian gulf. now that vessel that goes around south africa is more popular because the suez canal is stopped. the tanker names scorpio
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tankers, and others, are boosted by this and the share rise in the rates. >> about six weeks ago, i was in charleston, south carolina we were talking, randy, about the container shortage and the amount of trade from china not just to the u.s., but to europe. for our viewers, these are not ships sitting around like taxis at laguardia airport during normal times waiting for business there is much more demand than supply you now have at last count 200 it is probably more than that now. ships sitting at anchor. wait do we go around? we are showing the dots. every single dot is a ship or tanker this is playing in the tight supply for ships this is just -- i don't know if it is gravy or terrible news if you want to charter a ship,
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it is terrible news. if you you own a ship, it is gr news as long as they are not sitting there. >> for the few ships, 200, not really a few they are getting a penalty rate for the ship not moving. >> paid to wait. >> especially the ships not stuck. they are benefitting we have seen similar congestion, not to this extent with the panama canal. you can look off l.a. and long be beach. container ships lined up same in china. why is that? everyone is staying home if you don't spend your $1,000 a month on travel or concerts or going out to eat, you are spending it on peloton and furniture and appliances and clothes. that is all coming from asia to the u.s. west coast and houston
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and east coast charleston and all the way to europe because of that, more ships are going faster across the world. especially through the canals. pee people are pressed for time. you could see how this could happen >> you threw out a few names quickly, who are best positioned stock names right now, randy? >> for container ships liking denouse corporation global ship lease. gsl. they own the largest container ships in the world enough zem is a liner who they are operating containers actually taking the revenue for each individual box. ticker zim and scorpio tankers. euronav. international sea lease. ticker insw. all operating large food carriers or on things moving diesel and jet fuel and ga
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gasoline products that is needed. and eagle bulk and then genko shipping. they will benefit from the congestion and higher rates. >> good stuff. action names in a situation to keep you and your team nice and busy over the weekend, randy randy givens get some coffee or go back to bed. randy, thank you on deck, the consumer set to boom in a way that we have never seen before. the data that is bank of america seeing green and a big prediction on the job market you want to hear we'll be right back after this dow futures up exactly 100
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will it be a money maker friday futures are higher consumer optimism continues to boom tiffany mcgee is here with the names you need to know and the top insider buys of the last two weeks. celebrity chef david burke is here with reopening of restaurants and why he is doubling down and opening up new ones the magic kingdom getting magical. disney looking to expand its
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california park after a year of being shutdown grab your coffee let's get going. it is friday, march 26th this is "worldwide exchange" here on cnbc ♪ ♪ it's magic ♪ when i'm with you ♪ it's magic ♪ welcome back good friday morning. i'm brian sullivan let's get right to it and see how your money is shaping up on the final trading day of the week looking good futures are higher dow futures are up across the board. follows a nice turn around thursday we opened weak and bottomed out at 11:00 eastern time. we ended higher. not a lot. not making a huge amount of gains, but more the turn around that made people feel more optimistic coming into today that is reflected in the
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futures. it is friday friday, right? friday i'm back that means your weekly insider buying segment is back we show you the five companies whose insiders are buying the most of their own stock with their own money. today is a very special friday like a lifetime after school special. we are not just doing one week we are doing two weeks these are actually the top five most bought insider stocks over two weeks. ready? stock number five. microsoft. board member emma womsley buying over $1 million. the name may sound familiar. she is the ceo of gsk. and then lionsgate board member buying $1.5 million of studio time that is bringing us with our
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thanks this data the third most insider buying? apartment investment and management or better known as aimco. ticker aiv board member buying $1.7 million of stock stock number two second insider buying. dropbox. dbx. board member buying $2.5 million of that stock and this is, according to insider score, that person's first buy since joining the board a couple years ago pay attention to dbx and the most insider buying over the last two weeks thryv holdings h-t-r-v. joe walsh, the ceo, not the singer $3.7 million of stock bought increasing the sizeable holding the day after the buy?
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walsh, the ceo, spent 8$850,000 exercised stock options. they are a digital print and marketing business you may know them as owner of yellowpages and superpages.com big buy. options trade on top of it we have our eyes on you, thryv the top five insider buys of last two weeks microsoft, lionsgate we have been moving around reminder we will try to do this for you every friday exclusively here on "worldwide exchange. we are in, quote, it just got real, territory. says your next guest
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that may mean you want to look to buy the stocks of makers of real things like furniture let's bring in tiffany mcgee a cnbc contributor tiffany, when i hear the phrase, it just got real it has another word in the middle of it that i can't say on tv what it just got real you mean in a good way what does it mean? >> well, i mean it in an interesting way. first, as i'm sure you have been talking on the show about all of the volatility in the market, right? every single day headlines the market has whiplash. we need to put a couple things in perspective first of all, the recession we just had was the shortest recession in history two months from peak to trough
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it doesn't feel like it. it was the shortest one in all of u.s. history. and so as a matter of fact, the closest shortest recession was seven months that happened, i think, in 1918. it was the last shortest recession. the shortest recession, but the shortest recovery in history when you look at the fact that whole business cycle, right, has been accelerated, it makes sense that stocks are also rapidly repricing. that is what is going on here. as we kind of look at our firm in terms of what we should be buying, yes, we like real things taking you back, brian, to pre-pandemic 2020 when everybody was talking about the amazon
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effect and retail might be going away and those things. experience retail experience was really the things. luxury rh rh reported. restoration hardware yes, very expensive. i like the outlet rh stores. they are focused on restaurants. they opened these galleries,if you will it is not just buying furniture, but the experience lvmh as well luxury goods and brian, target. a staple target is an experience. >> it sounds like it's almost like we should call it the pampering trade, tiffany by the way, not a commercial i love restoration cloud couches.
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they finally kicked me out you are saying we pamper h ourselves. get new furniture. we want to feel good it has been a hell of a year for many people and many industries. is this the treat yourself well trade? >> it is the treat yourself well trade, but not just treat yourself well with the products. it is treat yourself well with the experience of buying the products for the past year, we have been buying things online think about all of the people that have been buying homes and, yes, they have been buying furniture. now we look to come out of the still quarantine environment, we want to walk through the store we want to have lunch at the rooftop of the rh gallery. we want to go in and buy an lvmh leather good in the store. it is about the experience really >> yeah, it is maybe the experience of making
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money as well, tiffany it sounds like you are not spooked by the delays. you go on the web sites and you want to buy a couch. delivery in mid-june that's a good problem, i guess. >> yeah. listen it is a good problem to have and we're just going to keep our fingers crossed. i love the rh cloud. they are extremely expensive i would really suggest you hang around the outlets you can really get a good deal >> by the way, you can hang out at the outlet and buy a couch and watch "love actually" on that -- you see what i did you said love and i said i'm okay those couches are spectacular. i have to say -- you see what i did? >> yes >> tiffany mcghee. we gave rh a free commercial see what happens to the stock. tiffany, thank you very much
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the cloud couches. i don't know what is in them >> amazing >> tiffany, thank you. take care. coming up, speaking of treating yourself well how about treating yourself? chef david burke is here on reopening and opening up new restaurants even during the lockdown he is here in minutes. before we get to david, let's get to the top stories robinhood is building a platform to buy into ipos like wall street disney is considering or announcing plans to expand properties in california the company is looking to ad add attractions across the street from the park and discussing with local officials. you go, anaheim. if you want a new truck, at least a ford, you may have to wait idling production at the michigan plant of the f-150.
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the reason the semiconductor supply shortage that we have been talking to you about stay tuned you are watching "worldwide exchange." a bk tures are up 77. wereacwith david burke right after this why do nearly one million businesses choose stamps.com to mail and ship?
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designed for natural collaboration. so your team always captures every detail. microsoft and it orchestration by cdw. people who get it. welcome back no industry was hit harder during the lockdown than hospitality. millions losing jobs as nobody left their homes and the
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government shutdown many businesses and industries. as hard as this has been, others see the opportunity to build back and hire workers who lost jobs chef david burke is doing that doubling down and opening four eateries over last year. he is the head of david burke hospitality management one of the most famous chefs in the world in hospitality david, we appreciate you joining us i know you are getting up early. a lot of the viewers who are getting coffee and on the treadmill, whatever it is in the east coast they know you. they know your restaurants why invest now opening restaurants and places like rumsen and east brunswick? >> brian, we found an opportunity. we have infrastructure and a great team in place. we were poised to expand anyway. we continue to grow.
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other opportunities landed in our lab during the pandemic and we took them some have gotten sidelined and delayed and we expedited them. when we felt the opportunity was right to stay in the game and work hard. we planted seeds for the future. a lot of the things we opened did not show as any cash flow yet. as the weather changes and the vaccine starts to be implemented, it seems we will have a good future >> you know, again, i have been one of the few that has been on the road, david. i have been traveling, not extensively, but 15 to 17 states in the last 6 to 9 months. i had the opportunity to see other places and everything is political. i'll not ask you to wade into that the difference is very striking. there are states where it is 100% full and 100% capacity. restaurants are packed you wouldn't know anything is going on new jersey, i'll give the
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governor credit, remained open when many states did not we are still at 35%. going 50% capacity what have you seen is the difference in how you operate because you're in different states, but the attitude of your customers? >> that's a great point, brian new york city got crushed. there was no communication we really got the wind knocked out of us. we remain closed in new york we had three properties. four properties. three will reopen. not quite yet. new jersey, we did get open for the summer i give murphy credit for that compared to new york we were able to have cash flow and employ people and able to feed people who needed help. first responders and people in need new york, we were not able to help people. we didn't have cash flow
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whatsoever a big difference with those states charlotte was okay we were open in charlotte. we had a little more quicker recovery there from the opening standpoint we continue to grow there. it was -- it is disappointing to see some states stayed open and thriving both schools and businesses and to see what happened in new york in new jersey, without us being open and murphy opening up at 25% and now it is 50%. otherwise we would be out of business >> i know it is not a profitable time, but restaurant owners i talked to say they can make 65% of the costs which are fixed rent, insurance, payroll, whatever it is they can make those as well. i know this because i've tried to -- i have been going out to eat and tried to make reservations the big problem is getting a reservation. how busy are you at 35%
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capacity i imagine. people are saying don't go out to eat it is dangerous. 1.4% of infections were traced to restaurants in new york we can debate it all day long. it is not a huge number. are you seeing people willing to go out especially as the vaccines have rolled out >> we opened orchard park in east brunswick about four months ago. that's a very large space and beautiful. people came out. we had to hold people back from coming out we did social distancing we have a large space. the bar is open. the outdoor dining is not open yet. as of the change from three or four months ago is noticeable. rumsen was opened two days ago that is called red horse people -- it is mostly optics and how comfortable it looks and the procedures you have in
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place. i haven't heard the word coronavirus or pandemic or social distancing in my restaurants for the last month or so now that people are getting vaccines i think it is time to get out and eat. i think the timing with the weather and other changes, i think people are ready to get out, for the most part that's a great sign for us opening the bars i hope they get open before summer it will be great for us. the profit margin in bars is fantastic. >> well, i look forward to seeing you at orchard park or beach house or the modern. or sun cubana. good luck, david burke >> thank you for having me on. i appreciate it. >> absolutely. david burke opening a new place a couple days ago. i'm told it is hard to get into
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by little birds. set to big momentum. we are here to layout a job prediction that you have got to hear i thought i was bullish. wait until you hear michelle's prediction if you haven't already, subscribe to our podcast maybe you went to one of david's restaurants last night that's fine. get in the car turn on the podcast. listen dow futures are up 90. we're back after this. labradoodles, cronuts, skorts. (it's a skirt... and shorts) the world loves a hybrid. so do businesses. so, today they're going hybrid with ibm. a hybrid cloud approach lets them use watson ai to modernize without rebuilding, and bring all their partners and customers together in one place.
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welcome back american consumer spending is about to takeoff in a big way. maybe in a way so big that we have not seen it before. just ask bank of america research team out with new forecast for american growth it is not only good news, but the bank says u.s. growth could average 7% by the end of the year 5.5% next year it is not just all about stimulus it is more about the consumer
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and a jobs recovery. let's bring in now michelle meyer at bank of america we tried to be optimistic. people need optimism over the last year. why not? it feels good. i thought i was optimistic with my 5% unemployment rate call by the end of the year. not that anybody cares what i think. your team is more bullish. why? >> we have tried to be really positive on the economy. we have now for some time since the fall of last year. we have been looking for a strong growth this year and increasingly become more convinced of it. as you noted, we are looking at 7% gdp growth this year and 4.5% by the end of the year the key reason why the ckconsumer the data we are tracking on the consumer is positive we think we are on the cusp of
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seeing very significant gains in consumer spending through march. >> we showed a little graph with a lot of words we don't want to read at 5:50. what does your credit card data show you >> that's it we are monitoring aggregated spend on credit card data. an incredible resource to understand what it shows is march was a very strong month. the first two weeks of the month showed acceleration of spending nicely then the most recent data which included the period of stimulus checks distribute ed shows extraordinary spending particularly lower energincome spending spending online and electronics. people were worried that demand would be exhausted for it.
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still out spending clothing picked up nicely as well that is probably more a function of people going back out and reopening. there are restaurants and travel the broader spending that is happening upon reopening that is the next leg for consumer spending. now is the stimulus funds pumped in as we look ahead as the economy reopens more broadly given the conversation with people going back out to restaurants and the like, that will then accelerate the economy. >> so, yeah. we did a segment a come uple da ago, michelle, the weight people gained in the lockdowns and the new clothes they need to go with it you have seen a tie with the direct spending and the stimulus checks >> exactly a lot of money poured in the economy. you can see the potential spend
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out of it and the question of how much to put in savings and pay down debt. the dollar amount is significant for those receiving the stimulus checks particularly because they are lower income and budget c constrained and they are spending the money >> let's not debate the margin to spend the results look good for the american consumer and economy. we like the good news on friday. michelle meyer, thank you. >> thank you, brian. all right. that does it for us. ending on good news. have a great weekend, everybody. dow futures up 100 i'll see you on """"sqauwk" in n hour
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so jeff, you need all those screens streaming over your xfinity xfi... for your meeting? uhh yes. and your lucky jersey? oh, yeah. lauren, a cooler? it's hot. it's march. and jay, what's with all your screens? just checking in with my team... of colleagues. so you're all streaming on every device in the house, what?!! that was a foul. it's march... ...and you're definitely not watching basketball. no, no. i'm definitely not watching basketball. right... ( horn blaring )
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good morning stocks look to resume the climb after yesterday's 200 point gain for the dow. nasdaq was all over the place. managed to eek out a small gain. supply chain disaster. the ship blocking the suez canal is holding up an estimated $400 million in trade per hour. and elon musk ordered to delete a tweet and ordered to rehire a terminated employee over a labor law violation it is friday, march 26th, 2021 "squawk box" starts now. ♪ ♪ good morning welcome to "squawk box" here o

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