it is 5:00 a.m. at cnbc. here is your top five at 5:00. no tuesday turn around the selling sticking around. tech taking the biggest hit. nasdaq futures down nearly 200 america's most important oil and gas pipeline closer to starting service the white house eyes certain steps. gas stations are now reporting they are starting to run dry team coverage ahead. more milestones in the pandemic fight covid cases crashing all over the country. texas, florida, california

down more than 80% in a few months the fda gives the green light for the pfizer vaccine for young americans. one major financial firm telling its workers it's time. time to head back to the office. can you spare a few bucks? you may need to to pay for the big summer barbecue. pork prices have gone hog wild we'll tell you how much on this tuesday, may 11th. this is "worldwide exchange. ♪ good morning, good afternoon, good evening. welcome from wherever in the world you may be watching. i'm brian sullivan thank you for joining us on what is turning out to be a busy tuesday morning. get some coffee. get on the treadmill pay attention. a lot's going on here is how the markets are

setting up the day it is not pretty if you are looking for a turn around from big technology or other parts of the market that got whacked yesterday. futures are off. nasdaq futures are again the story. down 156 points right now. down the exact same than the dow futures. on a smaller index, that is a bigger move. focus on big tech. it is the biggest percentage of the overall markets. its moves like apple and others have an out sized effect big tech starting weak nasdaq down 2.5% yesterday if you weren't watching the markets yesterday or cnbc, you should have been apple down more than 2%. look at that 2.6% drop monday amazon, 3% facebook, 4% tesla, down 6%

that weighed on cathie wood's a ark. that ark etf down to the lowest level since last november. down 3.5% in the extended hours trading. cloud computing stocks red hot in 2020. they're not being spared the wisdomtree cloud computing fund is down seven in the past eight sessions that is something else to watch. the selling is not just here it was around the world. japan getting absolutely slammed. nikkei down 3% overnight one of the biggest drops in months hang seng and hong kong down in trading. all of the major averages down

more than 2% if you are on the radio, that is a map in the red every single one is down we're going to get more on the markets in moments right now, the very latest on the evolving colonial pipeline story. as of last night, there was a bit of sigh of relief on the starting of the pipeline it is still a troublesome situation. gas stations are now reporting they are sold out of gasoline. all of this as colonial says it hopes to restart the pipeline soon there is still a lot that we do not know for example, colonial says the goal is to substantially restore operational service by the end of the week. how much restoration of service is considered substantial? is the end of the week in a few days or late saturday night? that's a big difference. can it even reopen on that timeline it is not a guarantee. it is a desire

days or hours matter a lot the colonial pipeline provides much of the fuel to the east coast and southeast and jet fuel to at least seven major commercial airports. the critical question is if current inventory of gas, diesel and other fuels will be enough the longer the bigger parts of the pipeline remain offline. more cars and trucks on the highway. if inventory gets drawn down too much today or tomorrow or thursday, gas prices could surge. that is if you have gasoline to sell gas buddy is now reporting some gas stations across the country, particularly in the southeast, are telling them they are already out of fuel. look at that patrick dehaan of gas buddy tweeting last night that a number of southern states saying they are out of some or all grades of gasoline virginia is the hardest hit as

of midnight last night with 7% of stations in virginia say they he are out of some grades of gasoline north carolina and georgia also hard hit we are only on tuesday it is critical this pipeline get back up and running. we are also watching diesel and another angle to the continued inflation story. diesel fuel prices are on the rise in fact, emergency diesel supplies are trucked in from other parts of america to ease supply shortages prices could rise adding another hit to the wallet for shippers and shoppers as of late last night, american airlines announcing it has added a stop to two long haul flights out of charlotte, north carolina, because of the supply shortage american is the first to report an impact from the cyber attack

on colonial. they expect to return to the regular schedule this weekend. they are making that additional stop to fill up fuel in areas that have it and maybe offload the fuel in areas like a charlotte that may be short. a lot of developing angles here to the pipeline story. it is far from over. we'll have it for you all morning here on cnbc now to other top stories this morning including the development in the pandemic fight frank holland has that and more. good morning, frank. >> reporter: good morning, brian. the fda approved pfizer and biontech's request to allow the covid vaccine to be administered to kids 12 to 15 years old on an emergency basis. the two dosene is authorized for people 16 and older. the advisory committee is set to review the shots tomorrow. if approved, that shot can be administered as soon as this week

the move would get students vaccinated before school resumes in the fall. blackstone is asking employees to return to the office starting on june 7th. this according to bloomberg. the move hinges on whether the workers are fully vaccinated now companies are looking to transition workers from remote set ups. apple accused of breaking a competition law in the uk. the lawsuit over overcharging 20 million users there for apps the suit is calling ato compensate the users brian. back to you. >> a lot of stories there. frank holland, thank you very much all right. we have to get back to the markets and your money your next guest says as more fears over inflation rear their heads, it is likely growth stocks take a big hit.

there is some money to be had and made in some parts of the market the ceo of commerce and street capital is here with us. that is what we are seeing nasdaq down 2% plus yesterday. apple down 2.5%. one day does not a trend make. i get it nasdaq futures are down 150 points right now will we continue to see more selling in big cap technology stocks >> good morning, brian i think that is fair i woke up yesterday morning thinking these inflation fears will cause rotation out of growth stocks or longer duration plays and earnings and tech stocks and more into value stocks sure enough, but the afternoon, it started to happen i think we can see a lot more of that as we see inflation fears continue to rise >> how much of this, if at all,

dory, is related to capital gains potential increases? we will not blame it all on taxes. we talked about it yesterday if you are sitting on years of winning stocks and you are thinking about selling for whatever reason, you know you will get hit with capital gains. you are looking at rates now versus higher rates later. i have to imagine and this is actually from a tax expert we had on yesterday and robert frank talked about it. you will sell the big winners now so you can buy other things busy don't want to get whacked on capital gains down the road or is that a red herring >> it confirms your thinking and our thought and position if you are thinking i need to sell, then boom, tax aspect is added on to it i don't think this is a tax

driven type selloff. >> all right so let's say we know there is some selling whatever the cause apple, amazon, tesla being sold and money being raised that money should or could go into smaller community banks why? >> we already have seen banks drive up off the lows after they proven the street wrong on all of the fears they had last year. banks are strong with ppe and loaded with liquidity and record high levels of capital the rotation in the banks starts at the large money center banks and moved down to the community banks or regional bonanks rising rates are still trading at a discount to other banks the banks are trading at 65% of the s&p ratio. banner is a good community bank.

larger regional bank north rim up in alaska they traded to other banks pop in the 3% average yield on all of them. it's a nice place to hang out at the banking sector >> all right big tech down. maybe look at the others i don't think we've ever had an alaska bank recommended on "worldwide exchange" or any cnbc show that's why we like you dory wiley north rim bank in alaska thank you, dory. have a great day a lot more on this busy tuesday. when we come back, the morning movers including one space company whose stock is coming back to earth. are there signs of shopper u infor euphoria why shoppers are coming back. and the staggering amount of money the companies are making the answer is a lot.

the rbi. that's coming up the dow futures are up we're back after this. everyone wakes up every morning to a world that must keep turning. the world can't stop, so neither can we. because the things we make, help make the world go round. they make it cleaner, healthier, and more connected. it's what we build that keeps things moving forward. so with every turn, we'll keep building a world that works.

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people flocking to the video game platform. they spent more money to buy pets and costumes. real money for avatar. and stock number two callaway some of you are golfing. callaway jumping demand has been unprecedented amid the pandemic. one of the few things you could do in the northeast for months last year. stock three. virgin galactic. the travel company posted a bigger first quarter loss and did not report any revenue it will give an update next week on the sub-orbital on deck, more on the markets, your money and it is moving futures are saying the selling may continue lots of selling in novavax righ.

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all right. welcome back look at the losses there tesla and others all right. do you think there is no real inflation? if you do, maybe you haven't gone to the store and shopped lately particularly for pork or other meat that market has gone hog wild. the summer barbecue will cost you a lot more cash. the next guest is an expert on the industry a market reporter and analyst and business publisher that reports on the food industry

she joins us now thanks for coming on yesterday, we talked about lumber prices. i said there's no market hotter than lumber. it soared. then we looked ant pork we may need to issue you a correction pork may be up higher than lumber has it doubled >> thanks for having me. it has definitely gone up. it depends on the area you are looking at here and there are factors that go into it. cash hogs have gone up over 100% looking at the specific cuts as we come into the summer season, spare ribs, st. louis ribs, back ribs have gone up 40% to 70% this is really attributed to a lot of labor issues we are seeing in the market increase trucking cost, package costs, pork back ups you talked about previously you know, a lot of the other

issues surrounding manufacturing and processing in general. >> because especially at the beginning of the pandemic, chloe, we talked about the hardest hits of america with covid are the meat packing plants these are hard jobs. they cannot be done remotely close quarters maybe not the most sanitary cond conditions i'm trying to be polite there because it is 5:15 in the morning. it is hard to find people willing to work and for good reason. >> yes i can understand there are a bunch of companies out there trying to issue incentives you see in a lot of industries and retail areas trying to pull in employees with bonuses and incentives that is definitely happening in the meat packing and processing industry as well last year, we saw a lot of depletion in the may and april area with the closures and during that time, the labor has

really affected the market we haven't been able to get the cold storage back up to where it really should be that is helping the inflated prices in the market the freezer demand has been strong bringing in other items has been difficult. >> so, you know, the guy from lumber we talked about yesterday, chloe, he said there is no shortage of trees. he said we're swimming in trees. there are trees everywhere it is every other step it sounds like this is the same problem. there is plenty of pigs around there is not a lot of people to process the pigs, he said as he picked peppers in the patch, and put them on the truck and get them to where they need to go. for lack of a better term, pork supply chain >> it is not in that specific area we are seeing limited hogs in the market

that is due to some of the issues we saw in covid in the start of the pandemic with diminished demand. we pushed through. they did some culling and things like that. there wasn't enough demand to push them through. we are seeing limited supply in some areas as you said, definitely, it is really trying to get it through as quick as possible and there are new regulations with six foot that takes more time to get through. less libabor it is making it difficult to get through as quickly as possible >> we show the price of corn why are you showing corn i'm not a farmer, but i know corn is feed stock you want to feed your animals, you have to feed that or byproducts in rendering companies, an industry that my father was in for years. feed input is high is this creeping through to

every animal >> of course >> beef as well? >> yeah. i know beef is seeing a lot of high prices. especially in the loin and rib components similar to pork and similar to veal and lamb and other proteins the feed cost really covers the range of the agricultural animal sector it takes more to feed. it takes more to get them through. prices increase as you go down the line >> wow watching that industry and also watching the fake meat industry. this may be their time in the market chloe, we appreciate you coming on an expensive summer. have a great day thank you very much. >> thanks for having me. have a good one. you're very welcome. all right. serious story. prices are up everywhere still on deck, the latest in the big criminal hack of the colonial

the president making moves eamon javers is here with what we know and what we don't and the next steps if you haven't already, subscribe to our podcast on stitcher and spotify it is a big day here on cnbc healthy returns event. companies addressing the pandemic you can still register at cnbc.com/healthyreturns. markets not looking healthy. dow futures are down 115 'rba aersathe me wee ckft this. just over a year ago, i was drowning in credit card debt. sofi helped me pay off twenty-three thousand dollars of credit card debt. they helped me consolidate all of that

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putting the pipeline back online the colonial pipeline attack raising new questions about america's energy infrastructure and security as gas stations now reporting they are out of gasoline tech taking another beating. biggest names in the sector could face another day of losses apple, tesla and others down right now. and the crypto crowd they're down as well looking to make a comeback will it? we'll show you prices on this tuesday, may 11th. this is "worldwide exchange" here on cnbc good morning welcome or welcome back. i'm brian sullivan there's a lot to get to right now because we are seeing

markets continuously in the red from the selloff yesterday let's jump into the futures. stocking kicking off with losses dow and s&p off record highs tech got battered again. nasdaq down 2.5% that selling may continue. nasdaq futures are down 30 points or more than dow. smaller index -- excuse me good grief it's early i'll take a sip of coffee. my voice is kicking off. i'm a human being. there we go. long day yesterday all right. let's start over nasdaq futures down 161. dow futures down 130 there we go. we are seeing tech stocks look like they may continue to sell off today. we got a look at the crypto. we are seeing selling there as well this morning, it is not just technology look at that bitcoin is down.

not as much as it was. ethereum is down over 1% $3 $3984. dogecoin is up 12.5% trying to rebound from "saturday night live" saturday night hit to dogecoin. let's save the show and get to the morning top stories. frank holland is back with those. frank, take your time. i'll chug a glass of water i'll throw it back tesla news the ntsb released the report on the fatal crash of the tesla crash in texas it has not concluded what caused the crash or what the driver misused the features on the 2019 tesla model s. the report adds in testing that test of road where the crash happened, the ntsb found it was

unable to engage the system known as auto steer which helps the car stay centered in the lane elon musk disputed the auto pilot system could have caused the crash. shares of novavax with steep losses as the company is having difficulty getting clearances. shortages of raw materials are slowing the ramp-up in doses novavax is expected to complete regulatory in the u.s. and uk by the end of next month. now pushing that timeline to september. the ceo of america's biggest mall owners simon property groups is seeing shopper euphoria that outlook with the earnings call yesterday the visits are improving week over week, but it is still difficult to know what will stick and what is short-term brian, back to you

>> listen, real estate folks and retail folks tend to be the most wildly bullish and optimistic. i wonder, frank, when is the last time you were at the mall i have not been inside a mall for a long time. >> i haven't been to any other mall than outlet mall. i don't go into a traditional mall >> it's not because of covid i guess i'm too old. frank holland, thank you >> i also have the internet, brian. >> yeah. the internet that's it! frank, thank you for saving the show and my voice. i appreciate it. take care. all right. now to the latest on the colonial pipeline ransomware attack president biden vowing his administration is ready to take steps as the energy sector grapples with the fallout. the pipeline provides half of the fuel to the east and southeast. serving 14 states and jet fuel

to 7 commercial airports we are seeing the impact gas buddy recording last night that stations are telling him that they are out of some or all grades of gasoline according to gas buddy, virginia has 7% of stations saying they have no gas to sell in some or all grades followed by north carolina, florida and georgia. thanks to our citizen reporters. we just got this in on twitter from robar thank you. he tweeted us a picture from the pump in knoxville, tennessee yesterday. it shows with the exception of the cheap gas. the other two, 89 and 93 octane sold out we will see that in the hours and days ahead eamon javers joining us with what we don't know and what we do know about the hack that led

to the situation eamon, we were on the shep show last night and i was listening to the reports it is fascinating. it sounded like from your recording and what dark side was saying, it almost sounded like the hackers were semi apologizing. i wonder if they realized the magnitude and scale of what they have done. >> reporter: brian, fascinating and bizarre moment where we had this massive hack. you talked about all of the disruption up and down the east coast and gas supplies at the pump now you have the statement put out from the hackers themselves. a group called dark side they posted this on the dark web. they said in effect, we feel bad about large societal consequences of what we've done here and pledging reform in the fa future in the future, we will check each company before we hack it and make sure we change our ways

here that's not what you expect to see at all from a hacking group, right? these are supposed to be vicious criminals. these guys are posting statements that seem like they have a conscious or want us to think they haveis decipher all f this the officials at the white house will bring this up in high level negotiations we heard from the president who said he will talk directly with vladimir putin about it. take a listen. >> i'll meet with president putin and so far there's no evidence based on it from our intelligence people that russia is involved. although the actor, ransomware, is in russia >> reporter: brian, the president saying there is evidence that the ransomware is in russia. presumably that means the group

is in russia, dark side. researchers telling me yesterday they first spotted them in august of 2020 and immediately robust and active and profe professional group of hackers. what would happen here to explain the weird note yesterday is this is ransomware as a service. one group develops the malware and writes the code and sends it to other criminal gangs which conduct the attacks. there may be a dispute with the group that developed the code and the group that carried out the attack it is generating so much heat. the president of the united states talking about it. that is bad for business if you are a hacker there may be a fight within the hacking group about what was the right thing to do and how it plays out. >> eamon, i think and i don't want to generalize there seems to be a trend to minimize the concerns of cyber

attacks. computer stuff and bits and bytes. this is a different situation. the colonial pipeline, as we talk with the next guest in a few minutes, is the most important energy artery in the united states. 50 million people rely on it for gasoline and fuel and heating oil. it is still not that warm right now. i wonder if the hackers based on this psudeo weird apology wonder what they have done. in a "war games" movie type situation. this is not a small pipeline they took out to get a little money. this is 50 million americans and the most important artery in america. >> reporter: yeah. look, there are two things going on that are not consistent the first is dark side has a reputation for doing incredible

due diligence and knowing who they are hitting they know who the decision makers are inside the company before they hit it they know the annual revenue of the company and know how much ransom to demand they know everything about the companies because they have the data from the servers. they know what they are doing and you have the situation where they appear to be regretful about hitting this target. when you talk about hitting a gas pipeline like this, you are talking geo strategic importance this is not just a bunch of muggers hitting a bank trying to make a profit. this is a pipeline that is a lifeline to the economy in the united states as you look at it there. this is something that would be, you know, a quasi-military target you have the motivation in the head of the hacker here. if you look at the statement they were adamant saying they were not political we are in this for money we don't have a political

agenda don't link us to the government. maybe they protest too much? they want us to not think that we don't know. >> i think that's what they're doing. i think someone said, hey, you realize what you did you knocked out fuel supply to 50 million people. including some military bases. the last time i checked, air force planes rely on jet fuel as well i found it interesting and telling that they walked back. whoa we're not political. because let's be clear to your appo point, eamon, if a hacker took out a pipeline supply to 250 million people in china, the chinese government would view it as political that is exactly what happened here this was, in many ways, inadvertent, a political attack. >> reporter: yes yes. absolutely a political target a strategic target

not a bank you are hitting up for cash i talked to a digital anthropologist yesterday who said this is a show of force what happened here is some russian speaking people have shown the u.s. government that they can hit these targets and turn them off. i think you have to put it in the context of the u.s. increasing pressure on russia and increasing sanctions on russia the digital anthropologist told me we can do this and we just did. >> yes we got to go, eamon. let's not forget the u.s. administration, particularly the trump administration, had applied a lot of political pressure on russia over the nordstream pipeline which connects them to germany and gives them control over the gas flows for the next 200 years

there are other angles here. eamon javers, thank you. really amazing story. let's bring in amy meyers who is author of the book "digital energy future. amy, thank you for joining us. i hope we are not making too much of it but you, more than anybody, got my point there are hundreds of pipelines. some hacker group could have targeted a pipeline that runs from nebraska to illinois bad tfor them, but not national scale. they went after the biggest and most important, but the most important by a magnitude, correct? >> this is no question this is the jugular of the u.s. fuel system. we have a lot of vital activities that rely on this pipeline for day-to-day activity you mentioned virginia is home to military bases.

this is a major attack and it's a ridiculous idea to think there is a hacker out there that accidentally tried to take down the entire u.s. fuel system. we need to approach this -- this is a wake-up call. i tell people this is a sputnik moment we need to understand what is done in the country. the budgets we have allocated to cybersecurity are minuscule compared to the challenge. the oil industry was asleep at the wheel. >> when you say sputnik moment we know what you are referring to russia came out of nowhere and was ahead of us in the space race and we need to get our you know what, too early for the word, we need to get our you know what together to my point to eamon, amy, this

had to do with political pressure we put on russia and germany over the nordstream ii pipeline which will connect russia and germany you are shaking your head. >> let's remember it wasn't so long ago, 2019, when russia had a major pipeline artery and had criminal gangs, supposedly, put a dangerous chemical into their pipeline and caused a major disruption to europe and billions of dollars lost to the russians the russians have the same interests as we do in stepping away from allowing things to happen that can effect our security and their security. this is a major, major event

it needs to be treated like a major event. it needs to be treated like a major event in the united states. >> it is that's what we were talking about, amy as far as the hackers saying we're not political. the reality is either they did not realize or they did realize and then didn't realize the extent of what they have done until after it was done. there were hundreds of other pipelines to shake down a pipeline company for cash that we would not be talking about. that's the difference. they went after the colonial do you think they just got it wrong or they knew exactly the level of target they went after? >> it is hard for me to believe a hacking group could be so ill-informed this is the only pipeline in the

united states that anybody has ever heard of. you know, the way i look at it as, even this story line of ransomware this is a vital piece of infrastructure you can't pay ransom to someone and give you your data back. every business system connected to this pipeline has to be restored you are talking about a security breach here that is unimaginable for this piece of infrastructure if the oil industry could not be careful with this one piece of infrastructure, what does that say about all of the small p pip pipelines? >> we have to go, amy. i tell you what, between storms in texas and ransomware in colonial, keystone xl and michigan shutting off a big pipeline tomorrow, the american engineering infrastructure is battered right now fair statement

>> fair statement. >> amy myers jaffe thank you. have a great day >> thank you you're welcome futures are in the red right now. down more than 100 points. we're backuily qck right after this don't go anywhere. ke it! that means selling everything. and eating nothing but cheese till you find the perfect slice... even if everyone asks you... another burger truck? don't listen to them! that means cooking day and night until you get... [ ding ] you got paid! that means adding people to the payroll. hi mom. that means... best burger ever. intuit quickbooks helps small businesses be more successful with payments, payroll, banking and live bookkeeping.

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down about 150 points right now. those are live trades. tesla down 4%. moderna down 3.5%. a lot of tech stocks taking a hit yesterday. that selling looks to continue today. on deck, the morning rbi is going big on new numbers on just how much money american companies are making the answer a lot. we're back with the rbi and more right after this i hope the vaccine can get me one step closer to my fiancé. dance on stage. spin class! i can't wait for my patients to see my smile again. to hug my students. to give my parents a proper send off. to go salsa dancing. no. i can't wait for you to meet my mom. play my piano for my friends. to give high fives to our patients.

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time for the morning rbi let's talk about how much money american companies are making. the short answer is in a word, gobs you may have noticed all of the earnings we talk about on cnbc all the time they are coming in pretty good you know, just how good? listen to these random, but interesting stats. with more than half of the biggest u.s. companies posting earnings this quarter, the earnings growth rate is 46.3%.

that's the highest since the first quarter of 2010. 8 87% of companies beaten the forecast that is the highest rate on record going back to when they started tracking the data. put it another way, analysts missed the mark. of the earnings beat the average beat is 23% over what analysts expected that is also the second highest on record. it is 5:53 there's a lot of numbers out there. let me simplify it nearly every american company is beating expectations and beating them by a lot. it is one reason stocks, maybe, have had a great recent run. remember, my friends, as the numbers get bigger, the comparisons get more difficult maybe a lot, but more difficult in the quarters ahead. just stay focused. ra random, but interesting. let's get more on this and

everything else. john is joining us from oppenheimer. john, you know the numbers i suspect the smart money was buying the market last august in anticipation of the numbers now. >> i think so, brian you know, when we look at the results when they came out, a lot of times you find the fabulous beats and the stocks moved lower after reporting. i don't know if it was all the way back to last august, but it certainly has been we have seen a significant capitulation by bears and skeptics moved in the market you have a broadening appetite for equity that occurred growth and value as people move away from tech and on top of it, great expectations after q1 after the great q4 the news was baked into the

price. >> okay. big tech got hit yesterday we see nasdaq futures down again. john, one or two days does not a trend make it feels like tech has had a number of problems the last couple of weeks and months it goes down and goes up and goes down a little more. fear of capital gains rates increasing down the line as well 22 times or 23 times s&p when you include technology is big tech's run finally done >> i don't think so. brian, i don't think we're going back to the slide rule it is a world of chips we're dealing with that right now. we aren't, but investors may have to deal with it the tech companies are dealing with it. probably just the way we have the warp speed vaccine, we have warp speed chips a highly global world and

regional with a lot of money. this could be remedy with the supply chain problems. we have to think if you look at bitcoin down 12% from the peak it is up earlier this morning when i checked nasdaq is down 6% from its peak. based on the fact that the nasdaq in the last 12 months is up as of last night's close 46.96% that is total return price return 45.79. you have to let it rest for a while. a haircut is called for. >> yesterday, john, or i should say friday, when we were rising, we were on your year-end price p target of 4500 you nailed it in may. >> we put that target in last december and at that time it looked high. we were tied for the second

highest with another firm. our numbers just happened to match theirs when we look at it right now, we believe we're in a period where we likely get an opportunity for nervous investors and traders to take profit without fomo near-term. we think the trend remains the same secular trend is technology is changing everything. tech is compared to auto in the early 20th century we don't see tech at a plateau the problem is demand is out stripping supply of chips. >> great call, by the way. hitting your target in may nasdaq down 171. that's it for us we'll see you tomorrow on "worldwide exchange. "squawk box" picking up with a lot of red on your tuesday see you tomorrow

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good morning futures under pressure after yesterday's selloff in tech stock. 350 points in nasdaq it dragged the dow down. it then threw in the towel nasdaq led yesterday leading again today. a pandemic milestone in cases. covid cases plunging fda now giving the green light for the pfizer vaccine for kids 12 and older. fallout from the cyber attack that shutdown one of the largest pipelines in america it is tuesday, may 11th, 2021. "squawk box" begins right now. good m