it's 5:00 a.m. at cnbc here is the top five at 5:00 stocks trying to rebound after the longest losing streak since february futures are higher. beijing break upagenda in full force it goes after one of the world's biggest companies. in d.c., the debate over the democrats $3.5 trillion spending bill more on the new taxes they plan to pay for it. new reports on the timeline of the covid vaccine for kids as young as 5 elon musk going all in on

the dogecoin and tweeting about it it is monday, september 13th this is "worldwide exchange. good morning, good afternoon or good evening. welcome from wherever in the world you may be watching. we mean that welcome. i'm brian sullivan thanks for joining us. hope everybody had a good weekend. it is looking like markets may have a good monday because stock futures are higher across the are board after a down week. in fact, the dow and s&p 500 are in a five-session losing streak. believe it or not, that is the longest for the s&p since february of this year. now state side let's check global markets hang seng and hong kong shedding 1.5% on the regulatory crackdown. we will get to that in a moment. the european markets are mostly

higher across the board. we see more green than red on the screen as always, we get more on the markets and your monday money in a moment let's kickoff the show with the headlines to get your day started. for those, silvana henao is here good morning >> reporter: it is good to see you. beijing plans to break up alipay with the plan to create a separate app alipay will turnover data to a new credit scoring joint venture. alipay has more than 1 billion users and owned by jack ma's group. the ecommerce fell 4% in trading overnight. china has too many electric vehicles and it makes the

government to ensure avncourageo consolidate the space. this prompted electric carmakers to expand in china those comments hurting ev makers. and joe manchin will not vote for the $3 trillion budget bill he told "state of the union. there is no way democrats will meet the self imposed september 27th deadline. this as house democrats are expected to propose raising the corporate tax rate to 26.5% from 21% as well as the new 3% sur tax on individual income above $5 million that is one proposal to pay for the $3.5 trillion spending plan. brian. >> taxes may be the watch word of the week here silvana, see you back for trending good to have you on the show

this week's solid return of pro football surprises. green bay looked terrible. cleveland came close to upsetting kansas city to open the city if you don't like sfootball, yor first guest says there are stocks paid to the sport let's kick off the wex week. welcome back kate faddis kate, you bring it with stock picks. let's talk about draft kings i have to imagine thinking about yesterday with millions of people on their phones and tablets and betting on football where it is done legally you think draft kings may be a good bet why? >> i'll tell you, brian. thank you for having me again. first of all, the stock is up 25% in about three months. hard to believe.

a $25 billion company. daily fantasy sports and online sports gambling. they share the market with two other players. mgm, sportsbook and fanduel. game of skill and game of chance they get a fee no matter what. they make a lot of money big growth numbers monthly average users from 685,000 a year ago to 1.1 million. revenue, brian, grew 4% year on year not cheap. trading at 20 times sales. it is a buy. it is one you have to have in the portfolio. i have one other football idea if you have time >> let me go back to draft kings. the story is the market expects sports gambling in nearly every state. it is still not legalized in the

majority of states it is in new jersey and in michigan and virginia and few others is there a risk, regulatory risk with draft kings where certain state governments may say we will not do it, but it is priced in >> you are dead on, brian. the attorney general of the state of texas has sued them and the license to practice sports gambling they have several lawsuits going on i think this is a positive what they are doing is clearing the field. they are the first mover they only have two players i think there are legal challenges you are correct. if they can work through them, there are big gains to be had. having said that -- >> you referenced the mystery

second idea. i tell you what, we have a term in television that i will not roll our viewer -- v mvp d industry ak cronym you cannot go anywhere without fubo tv. i can't believe i'm saying that at 5:10 in the morning whatever it is, it is a stock you like >> yes, brian. fubo is one i like if you think about eyeballs and entertainment. it is crowded. you have cable, you have hulu, you've got youtube tv. there are lots of players in the field. netflix. amazon prime what fubo does is carved out a niche for themselves people who only watch sports

internet and now you don't want classical cable. you may never use cable or you want a skinny $65 a month and yl sports and international sports. this is the way to go. what i like about fubo, the valuable sports viewer is valuable for ad revenue. that is 3 to 5 times what they are for roku television. this is extraordinary. they could make an extra $20 per person from ad revenue they are also getting into sports betting planning to enter the field. revenues could really go up significantly from this. fubo, i think is one you have to keep an eye on >> by the way, cnbc is available on some of the packages on fubo.

it is not just about sports. nbc bay area nbc northeast. whatever it may be like you said, cate, a sports gambling play. i sense a trend. draft kings, fubo. cate, always a winner. thank you for coming on to kick off the show have a great day and good week. >> thank you, brian. you're very welcome. keep an eye on those stocks. when we come back, we will get a close look at the big money movers of the morning. including what has shares of virgin galactic down 3%. amazon looking to score big in football itself we will give you more on a story that broke here on cnbc. later on, funstrat's tom lee is here. we have more to do dow futures up 150 we areacrit teth bk ghafr is

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time for the big money mo movers number one, virgin galactic.

del delayed. richard branson's company said the decision was made after a third party supplier raised a flag over a defect and flight control system it provided that stock down 3% consumer credit reporting company transunion said to be buying neustar the price tag at $3.1 billion. the deal could help diversify the business and use all of your data a little differently. and epic games is officially appealing a ruling that apple's app store is not a monopoly. the ruling on friday, the judge ordered apple to change the app store set-up, but rejected allegations the company was running a monopoly those are the three key stocks of the day still on deck, musk's new dogecoin adoption. the best new colleges ranked and

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welcome back 5:16 let's get a check of the top headlines, including the developing story overnight of north korea developing a cruise missile. frances rivera has more from new york >> good morning, brian ing north korea tested a long range cruz ise missile. it was the first test since march and analysts say it is the first such weapon with the nuclear capability south korea did not disclose if it detected the test, but conducting detailed analysis with the cooperation of the united states fr. the indoor vaccine mandate starts today every guest provide proof of vaccination. non compliant businesses could face a $1,000 fine. djokovic was one win away

from the calendar grand slam. medvedev closed out the world number one for the u.s. men's singles crown. it's his first grand slam win. and emma radacanu beat leylah fernandez for her first grand slam victory. and mtv with the music awards last night. olivia rodrigo won and justin bieber performed and accepted a major win as artist of the year. nothing like 40 years of the vmas, brian, to make you feel old, right >> yeah. 40 by the way, the winners at the u.s. open. the women's final was amazing. it looks like there is a turn in

tennis let's be clear the future belongs to the young. certainly it did on the tennis court this weekend >> we didn't know the names at the start and now we know them all. new turn new era. >> nice big direct depose it in both their bank accounts frances rivera, thank you. have a great day >> sure thing. let's keep going and get to the top trending stories which include elon's new puppy the top colleges right now and boozeless airlines one airline. silvana henao is back with us. what is trending good morning elon musk has a new puppy. musk posting the dog named floki. he teased the arrival backin june shares of dogecoin spiked on the

tweet. shares are back down this morning. the rankings of the top colleges in 2022 princeton followed by a tie with columbia and m.i.t. and harvard. yale rounds out the top five based on student outcome and faculty resources and financial resources. southwest airlines will not bring back alcohol to flights until 2022 the extension is tied to the federal mask mandate timeline. it will add soft drink options in october it had been ordered as mixers to go with the reintroduction of alcohol. a check on the stocks trending right now amc and the 10-year and apple and alibaba and neo. >> now, silvana, i don't know if

you fly all the time, drinks on planes whatever you think it is, you know the trick people do you don't have your mask on when you are eating or drinking people will get a drink and drink it for 55 minutes so they are constantly quote eating or drinking, so they can keep their mask off the entire flight you look around and say i'm not sure this is what they had in mind. >> brian, i like to have a little bit of wine on a flight to ease my nerves a little i hope these airlines bring back alcohol sooner than later. >> you have to do it through a crazy straw under the mask, silvana. silvana henao, see you in a fine minutes. no judgment. thank you. coming up, some big stories from washington this morning with potentially huge implications for corporate

america and maybe your money as well a live report from d.c. next you see the sun is not yet up. if you haven't already or missed the show, you can check it out on our podcast and the major podcasting platforms dow is up 168 right now. we're back right after this.

good morning it may be a good morning for the markets and your money

futures are higher as the s&p looks to snap a five session losing streak. senator joe manchin looks to pump the brakes as party maps out how it plans to pay for intere trillions. and kids going back to the classroom today. some for the first time in more than a year. what will they expect? we speak to the major hospital operator in florida as school has been in session a month. it is monday, september 13th this is "worldwide exchange" here on cnbc welcome or welcome back. good morning i'm brian sullivan it is 5:25 hope you are having a good start to the week. grab a cup of coffee we have a lot to do. here is how the money and mar

markets look right now stock futures look better than last week. futures are up across the board. dow, s&p, nasdaq all in the green dow futures up 164 s s&p in a five-session losing streak the longest since february of this year. watch alibaba. beijing cracking down. the government reporting to break up alibaba's alipay unit according to the financial times, alipay will turnover all data used in loan processing to a new credit scoring joint venture that will be partly owned by the government. hong kong list of shares of alibaba down 4% in overnight trading. u.s. listed shares down 2% right

now. that news will move throughout the day. now to washington where the race by democrats to get president biden's $3.5 trillion spending plan is in full force not all in the party are on the same page. senator joe manchin stepping up and out yesterday saying there is no way to get a deal done in just two weeks meantime, house democrats are set to roll out their proposals to pay for the spending. including raising personal taxes on the rich and raising the corporate tax rate and slapping a new tax on stock buybacks. let's talk more about it all ylan mui joining us with this. where do the democrats stand right now? >> reporter: brian, house democrats are planning to propose a host of tax hikes to offset the cost of $3.5 trillion spending and tax plan. according to the document we

obtained, the biggest item is the increase in the corporate tax rate to 26.5%. that is lower than the 28% that president biden proposed it is still estimated to raise $540 billion the top individual rate would go to 39.6% as expected the rate on capital gains would jump to 25%. however, democrats would introduce a sur tax of 3% of people making more than $5 million. that would raise $127 billion. other provisions include a minimum rate of 16.5% on companies foreign interest a cap on mega i.r.a. and increase on tobacco and nicotine this would raise $2.2 trillion democrats expect to get another $700 billion through drug pricing reform the final $600 billion generated through economic growth. it is not clear, however, how final this list is

democrats are trying to finish writing the bill by wednesday. as you mentioned, two senators, manchin and warner are not comfortable with what has been proposed so far. brian, we are expecting this debate over the bill to continue right up to the wire in both chambers back to you. >> all right ylan, we say debating the bill let's dive into it i don't think you will sleep much for the next, i don't know, couple months. not that you do anyway thanks for getting up for the show i have read and heard this bill could be more than 10,000 pages long an actual number does anybody have any idea what? we will get headlines from it. this could be the biggest bill in the history of american government, could it not >> reporter: it could be ext extremely large and coming together extremely quickly we know the summary of the

portion that the house ways and means committee will debate on tuesday is 645 pages the summary alone is 41 pages. that is not all of the tax provisions i talked about. there are so many moving pieces to this. democrats are really under the gun. they say they will finish writing it by wednesday. you know, that timeline, so folks in the senate, in particular, could say that could slip the differences with the proposals the house put out and previously from the senate finance committee. the white house has been supportive of the efforts, but an a lot of details to nail down and proposals floating around. >> it sounds like an all-you-can-eat buffet for lobbyists. ylan, they talk about the proposed tax on buybacks both parties, by the way, are

guilty of using a counting gimmick and assumptions. we will have that in this as well this tax may raise this. the gao will have its work cut out, i imagine >> reporter: the stock buyback, interestingly, is not in the house version of the tax increase that it wants to propose. it was in the senate finance committee version. they have to work that out how much this will raise the tax on tobatobacco. $100 billion all that matters is they are able to reach the number that was set in the budget reconciliation instructions. we have to make sure they fall within the parameters they set in order to move the bill forward. politically, there could be a lot of debate of how this adds to the deficit and growth it generates. from the procedural standpoint,

they have to meet the parameters they set for the bill to move forward. >> you got to love it when the summary of the summary is 41 pages long i don't know i'm trying to imagine what 10,000 pages might look like is it like an encyclopedia brittanica set >> reporter: now we work from home, i didn't print it out. paper matters. i have to pay for all my ink now. >> you would have to -- by the way, true story. i submitted an expense for printer toner. can you imagine toner you have to submit? $47,000 in toner ylan, come on. ylan mui thank you. you can spend the next six months reading i appreciate it. now to a series topic in the fight of the coronavirus this is as millions of kids in

the new york area and northeast are the last in america to go back to school some have not seen the inside of a classroom in 18 months let's focus on florida right now. they did see a spike in pediatric covid cases when they went back to school a month ago. all of as sources tell cnbc that the u.s. could authorize pfizer vaccine for kids from the ages of 5 to 11 years of age as soon as next month. joining us for what he is seeing on the ground from florida is car loss migoya. he is with jackson health system more than 2,100 licensed beds. carlos, thank you for joining us our viewers know i tend to track trends deeply and outcomes you are there. you and your good people are doing all of god's work and hard work we appreciate it what are you seeing in your hospitals right now? >> frankly, right now, we're on

the back side of the surge this is the second biggest surge. last july was a larger one with 490 patients at that point in time we maxed at 450. we are 40% down from a couple of weeks back the numbers are starting to come down some. we are happy about that. >> that is fantastic news to hear mirrors what we saw in israel and uk where the -- i don't want to call it the delta variant it is the only variant in america. it tends to burn hot and burn quickly. has anything changed from a month ago? why do you think we are seeing, than thankfully, a drop in cases? >> i think in miami-dade county, we had a higher vaccination rate we had over 82% of the people over 12 years of age that are

vaccinated it's a very large county that means 400,000 people are not vaccinated we start looking at those kind of numbers, we had a huge amount of people, especially with the delta variant and the high infection rate of the delta variant, that made it tough. we are starting to exhaust that number if you look at 82% and whatever percentage infected through the virus, we are in the 85% to 90% range which is close to the herd immunity we all talk about we think we are starting to get there. >> you really do believe that. this is fantastic news if so, there is pain to come carlos, it is good to hear you say that let's talk about the kids. we have kids in new york city going back to school many have not been in a physical school for 18 months as well some vaccinated. some not we in the media, say florida is

in focus we saw a big jump in pediatric cases. what are you seeing with kids as you are the number one pediatric hospital in the united states? >> we see a higher number with us and the other children's hospital in town of the children tested around 15% to 17% are covid positive. if you look at the number of kids hospitalized, the number increased from what they used to be and it has not been at the higher number at this point in time now we have had school opened for two to three weeks, we hope to see the highest rate. we don't know at this point when it comes to children we will know that in the next one to two weeks. when i say the surge is down, the concern is what other variants are out there there are other variants

mu variant is out there. we may see surges in the future. we don't think it will be as strong we think we will probably see a couple of more surges before the pandemic is over >> yeah. vaccinations and also acquired natural immunity or combination of the two are doing their thing. they have done through the other mini pandemics over the last few hundred years, carlos. when we talk about -- tough to talk about children getting sick we all have kids we love kids we don't want anybody getting ill. when you talk about the cases, the case numbers get the attention in my industry, how many are asymptomatic? you test to get the kids in school and the test is positive. you think you had no symptoms. what are you seeing with regard to that? >> we had not seen that many

asymptomatic people. people testing had some kind of symptoms that is the reason for the 15% to 17%. >> because they have come in >> yes we have been seeing kids with symptoms from that number, 15% to 17% have covid >> you know, you referenced that 82% vaccination rate i talked to folks that are not vaccinated the majority that are not, they said they got sick from covid and they are afraid because they don't want to get sick again or they feel natural immunity is enough we can debate and yell because it is a hot topic. how do you get -- do you ever get to 100%? you have 18% unvaccinated and you think what is the primary reason for that? there are 1.5 million unvaccinated adults in new york city alone right now as we restart our school year up here.

>> same with miami-dade county 400,000 people that is a huge amount of people. to your point, which is a very good point, we have seen people who have covid have a higher chance of getting covid than people with breakthrough from vaccination. we have seen that in our cases over and over again. from the percentage basis, we see more patients getting covid again from having it previously from those who had vaccination >> well, hopefully i like your tone, carlos, about coming over the case count fingers crossed. we really appreciate you getting up early an important story thank you, carlos. thank you for the first responders who work in the hospitals. god bless them carlos, thank you. >> thank you on deck, maybe you are a

dolphins fan could you finally watch every game of your favorite football team out of market without a satellite dish the cnbc exclusive on why amazon may be coming to the rescue, but at a price. and your morning rbi and how much are you willing to pay to watch your team every single sunday before we do that, some other top stories. soho china plunging 34% this morning. wow. that after the collapse of the takeover deal by blackstone group. chinese developer revealed the abandonment over the bid of lack of sufficient progress made among government regulators. salesforce is giving employees the option to relocate after the anti-abortion law

there. it said it stands by its female employees and their access to reproductive health care and marvel's "shang-chi" just continues to flex at the box office holding on to the top spot for a second week in a row pulling in almost $36 million. the best film during a pandemic. beating out "black widow." dow futures are up 150 we're back after this.

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comcast business powering possibilities. welcome back your morning rbi has to do with another sport. football and money they going together. football and money let's talk about a big money issue just as the season kicks off. if you are like me and fan of the team not in your local market, you don't have a lot of options when it comes to watching games except to pay for directv's sunday ticket and charge about $300 per season the directv deal comes after next season. with alex sherman who broke the story that amazon is the leader for the new deal means you don't need a satellite dish on the roof to watch it alex says the nfl may ask for $2.5 billion per year. $1 billion more per year than directv paid in the contract

seven years ago. could amazon make money on the deal it depends on you and what you are willing to pay to watch your favorite team evach season we asked a twitter poll. what would you pay for the version of the deal? under $100 15$150 to $300 60% said under $150. 26% $150 to $300 that is not didgood news for amazon at $150 a year, amazon needs 16.5 million customers to break even at that price, they have to charge $1,200 a year

i do love my san diego/l.a. chargers, but not that much. random, but hopefully interesting. for more on the deal, let's go to the man who broke the story alex sherman alex, i tried -- great job on the story. i tried to put the numbers in context because i'm sure amazon would have other ways to pay for it aside from subscriber fees. these are big numbers. >> yeah, first of all, don't ask me how much i would pay to watch 49ers games out of market. directv would then charge me personally i don't want to be associated with the rest of the polling which i think is repetiresent r of the united states you mentioned 2 million people subscribe to this thing and have subscribed to many years to

sunday ticket. the nfl renewed the bulk of the rights earlier this year they had nearly a 100% increase on those rights. sunday afternoon game on fox and cbs or monday night football game on espn those rights are done and locked up for 11 years. this is the one big piece of pie left out there in the world of nfl rights sunday ticket amazon won the rights on thursday night football. they are paying $1 billion a year for that. what i'm told is that talks are ongoing for sunday ticket. it sounded like they were going to do sunday ticket with the other rights negotiations for that did not work the nfl did not get what they were looking for maybe they won't get the $2.5 billion they want now. that is still to be determined as a part of the deal, nfl commissioner went on cnbc last week and suggested that he wants the buyer of sunday ticket not

only to buy the sunday ticket rights, but strategic investor in the nfl network and red zone which are two cable stations owned by the nfl that may be baked into this deal which may inflate the number a little bit i get the context that the nfl got nearly a 100% increase for the other rights they are getting $1.5 billion for this now that would be $3 billion $2 billion to $2.5 billion is pulling back on that number a little bit >> i guess amazon is all about data and consumer access they figure it out later while you wouldn't need a satellite dish on the roof you don't need one out of market you can do it online only in certain markets. alex, you need the amazon prime tv app on whatever you watch that is how they get to you? >> correct this gets to the second part of the question why would amazon do this

why amazon pay all this money when they need more subscribers than directv today part of the reason is amazon may becontent with losing money because the way we are doing this calculation is for sunday ticket what we are not taking into account is the ancillary money that amazon or anyone else would make from having there directv was willing to lose money for years because they saw sunday ticket as a loss leader to get in the door to pay for satellite tv month after month after month. i get sunday ticket. i pay for directv for eight months when you do that, it becomes money. amazon has a similar thing anscillary business in prime. $12 a month. if you are not a prime member or if you are a prime member today, this is one more thing to keep you in the amazon ecosystem which is amazon's business

you want to go there you want to be the everything store. this is one more interesting thing now that they have to throw into the everything store. while there, buy a yankees hat if you are watching yankees games available on prime or sunday ticket buy the hat of your favorite football time. the calculation becomes money. >> yup or george kittel jersey and the 49ers looked solid >> i have a kittel jersey. >> hopefully we will be able to watch them alex sherman, thank you. take care. on deck, do you need a adnele optimism among the bleak helis? tom lee is here with the positive numbers you are seeing right now. stick around take oste bi-flex to keep me moving the way i was made to,

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5:52 on east coast the markets look like they certainly are having a good day. we are seeing dow futures higher up 180 nasdaq is up as well more green on the screen the dow and saep&p are coming o five-day losing streaks. we didn't lose a lot on the percentage basis, but down the bond market, we are not seeing any huge moves. bond yields are low. the big move in the crypto market once again, seeing a pattern of weakness in crypto crypto red hot a few months ago. then for a couple of months, it could not get out of the way ethereum went from 4,000 to below 2,000. it popped back recently. this morning, they are down again. in fact, look at that. bitcoin is down $1,400 to $44,500. ethereum is down as well crypto in the last couple weeks

certainly have been weak this despite news which should be positive from the government of el salvador legal tender let's bring in a man who is almost nightly notes are a must read tom lee. your notes and i know ken is on paternity leave. jack put together the data last night. you know, you are trying to find optimism in bleak headlines. what is the macro take on the market set up? you have been diving into the covid story. is that the mover for the equity market in the couple weeks or months >> yeah. good morning, brian. i think central to how investors make decisions today, it is still a lot about the macro and i think the thing that dominates macro today is covid it effects central bank and

policymakers and consumers there is good news on that front. there are catalysts coming together for this week >> what are the big catalysts outside of some of the still continuing covid data? >> you know, on the covid side, you know, last night when we downtdi the update, 38 states out of 50 have promising friends covid more states are seeing the peak in delta variant in addition to that this week, we have the conference this week the s.a.l.t. conference which is the first in-person conference since the covid started. it will be a confidence booster to see each other in person. on top of that, we have the consumer confidence survey on friday i think it was a shock in august because it was a negative

reading. it is a win-win now. if it is worse, it puts the fed on hold. there's strange season under way. re sell rosh hashanah and buy yom kippur that is a bigger role this year. >> yeah. by the way, that has tended to play out to be fair, if dr. gottlieb is correct, there may be bumps in the road it sounds like you are positive. you also have been banging the drum on energy are you still bullish on oil and oil stocks in particular, tom? >> absolutely. energy has had a tough couple

months energy stocks. oil has hung in there. you know, i think from the demand perspective, oil has a des decent demand picture. oil has up side. there is a catch-up trade in energy relative to oil i think energy is viewed as high beta version as people worry about delta variant, they sold these off there is a lot of reason to be optimistic >> we like to end on an optimistic note. tom lee, thank you that does it for us. i'll see you at 5:00 p.m. with "fast money. "squawk box" is next see you in 11 hours.

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good morning breaking overnight again. china, chinese tech stocks, ev stocks as well drop the fear a live report from beijing. and house democrats set to propose a 26.5% corporate tax rate and stunner in flushing meadows. medvedev defeats djokovic. it is monday, september 13th, 2021 "squawk box" begins right now. good morning welcome to "squawk box" here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. if you are looking at things, it is the worst week we have seen fo