eq2 not only represents them, but the only one with a meaningful representation. linda, thank you so much a lot more to get to we recommend everyone take a look at this grows in importance thank you for joining me today >> thank you >> with msci that does it for the exchange today. with the market up strongly, especially the nasdaq, "power lunch" picks things up now >> we'll see you in a moment over here at "power lunch. welcome, back. we are in rally mode and that is no bull. stocks are having their best day since march. we'll dive into bonds, oil, tech, semis, travel stocks just about every category that might be important to you and your money and spin off investors cheer intel's decision to take its self-driving car unit public, but what about the long-term fortunes of the world's largest chipmaker?

a top analyst remains skeptical. and the tech ipo trade only one is less than 20% below its high we'll dive into why and what it means, kelly, for your investments. >> pretty surprising hi, everybody. speaking of surprising, check out the markets today. okay, the dow's up 500 points. still strong two-day rally. but the biggest gainer today by far is the nasdaq. it's at 485. dow's up 506, s&p in the middle with a 2% gain we see names like social and live entertainment names participating and having a nice session. bumble is up like 20% this week.

snap up 7% a bit of a reopening feel here as well even though it's different from yesterday's fomo mike santoli said that's how to think about this moment. ark innovation certainly higher. 6.5% just today. you can see a steady build as we move throughout the early afternoon and bitcoin and related assets are seeing gains. bitcoin, ether, those are gaining, not huge. ether's up 2%. the bitcoin still up about in the 4% range let's get to what's driving today's gains and what our guest s says is the next big trade the next big trade, have you look looked at the markets today? >> absolutely. thanks for having me happy holidays >> thank you for joining us. could you offer a quick thought on the two-day action we're putting together here before we dig into the trends we're seeing what do you make of the feel in

markets right now? >> very impressive we were very oversold in the marketplace for the last week, two weeks. it was almost like everything had, even if it was good, it was bad. it didn't matter what it was it was bad so now things are turning around and we've got a little better tone to the marketplace. >> does that mean that there's not still a lot of you know, a landscape littered with buying opportunities? >> no, there are a lot of buying opportunities. if you've been thinking about buying something like roblox for example, you said that's way too expensive for me to pick another one, paypal or something like that. way too expensive for me these things have come down quite a bit. there's opportunity now. i'm not saying they're always cheap. but you know, there's opportunity to buy these things at cheaper prices today than it was a few weeks back >> i'm not saying that the

market wasn't oversold, randy, but i am saying that there were reasons why the market went down the way it did last week the two that come most especially to mind are this new variant, which may now not seem to be quite as bring about as serious illness as we might have feared and number two was what the fed chair and miss yellen said in front of congress, indicating they were ready to fight inflation. the investors who sold weren't doing it out of insanity they were doing it with reason they may be insane, but they had reasons for their insanity >> there was some caution when omicron came out you don't know what you don't know so nobody knows what's going the happen there with omicron or with covid, but if you think about the way that diseases progress, and i'm no expert this disease, but it's interesting that each one gets more contagious and less strong

so less people are dying so we anticipated that here at our firm, and we basically stayed long the market and looked at this is an opportunity to buy >> let's talk about the kind of next space to watch. which really is already the current space to watch, but it implies a lot more room to run watch. walmart, amazon, target, costco, home depot >> the good news for retail investors are people who love retail stocks, they're concerned with the supply chain crisis and are looking at what we call those watch stocks these stocks have really taken their destiny into their own hands when it comes to the supply chain crisis. >> that being said, they have done pretty well this year, randy. talk us through the opportunities that you see for 2022 and beyond. >> yeah, so i think these stocks are going to continue to win into 2022. because they've done three major

things really well they've done even as far as last year, they did pop-up warehouses in parking lots. they're taking control of their containers, and they've even gone so far as to lease their own ships so they can control where the goods are coming in to what port and get the goods to market i mean, the bottom line for retailers is if you've got the goods to sell, people are going to buy them from you and if you say out of stock, they're just going to flip their web page over to somebody else and buy it from somebody else so these watch stocks have the goods and that's why they're worth really considering because they've done so much to address the supply chain >> thank you very much randy warren appreciate it. randy warren financial services. one of 2021's biggest surprises has been the tech ipo bust cnbc.com looked at a basket of 55 tech companies that went public this year and only one is less than 20% off its high

that's global foundries and it's down single digits the biggest tech ipos measured by market cap are down a heck of a lot more there you see a chart showing some of them as of yesterday's close, robinhood off 74% from its post ipo high didi, 63% off its high and ui's path, ui path's value has been cut in half ari has been writing about this bear market for tech ipos. senior tech reporter for cnbc.com what happened? >> naturally this comes out on a day when tech stocks go crazy. if you take a step back and look at what we've seen over the past couple of weeks, there's really this broad inflationary concern in what will happen with interest rates and that is pushing investors out of you

know, the high growth stocks certainly those are high multiples and even safer bets. guests on cnbc have been talking about this for the last several weeks. so what happens with the companies that have outperformed that have the shortest track record on the public markets and that are expecting losses going into the future, they're going get hit the hardest. so it's this sort of selloff that you almost would have expected to see at some point, but we've just had this ten-year plus bull market where we just rarely see such outperformers get hit this hard this quickly >> is there any distinction to be made by the manner in which the stocks came public in other words, do traditional ipos do better than direct listings, than spacs? >> it was interesting to see this basket is inclusive of companies that have gone public in all three fashions and they've all gotten hit

some of the worst performers have been spacs. some have been ipos. all of the direct listings have gotten hit it's between 20 and 50% down from their highs you know, the interesting thing from a direct listing perspective, if you're an employee at a company who went direct, roblox, coinbase, square space, that means you've been able to shareell your shares si day one. perhaps the hit isn't as significant. you've been able to take some of your chips off the table so you're not just watching every day seeing the stock fall and being unable to do anything about it >> that's a good point that there's big implications here for the talent base of these companies who are in many ways, being paid mostly through their stock options and therefore, this could leave them feeling a little burned and what about the vcs? how about important is it to them that they're not under

water? >> kelly, obviously they are concerned about the equity they hold in these companies and want to make sure they have a selling plan in place and they know you know, possibly even when to buy more if they're looking to, if they see some of these as investments. again, we haven't seen a substantial downdraft in the market in so long that if you're a 30, 35-year-old entrepreneur here with a company, you've never really been impact ld by a significant decline in valuations now that might take place. if this truly does turn into a bear market. we're not saying it is these companies are in bear market territory doesn't mean we're in a bear market all those implications going forward and so you're starting to hear about vcs who have had a

great run over the last decade and deciding it's time to hang it up and go on vacation >> exactly thank you so much. appreciate it today. >> it's fascinating. you have these big names like coinbase and none bigger than robinhood down 75% >> huge. >> if you do it this year -- >> right, with all the hoopla as well they're so established by the time they go public these days they're not in their early -- >> fresh names some are like six day old bananas. coming up, intel shares rise on a potential windfall from the spinoff of mobile eye. very exciting there at intel, but does it change intel's long-term outlook? plus, an exclusive interview with the ceo of baker hughes find out what he thinks of today's spike in crude prices and where he sees global demand for oil. and a working lunch with the

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positive territory with all up about 2%. large cap players like applied materials, asl holdings. marvel, meanwhile, is trading at a fresh, all time high today the stock is up almost 30% following a big earnings beat last thursday. the last time i checked, four of the top ten biggest gainers in the s&p right now, semiconductor stocks >> just an incredible move that keeps going. let's stick with the space with shares of intel jumping after announcing plans to take mobile eye public by the middle of next year this could value mobile eye at more than $50 billion. here's what the ceo had to say about the spinoff on "squawk on the street." >> the only company we see

that's anywhere close is tesla in terms of capabilities this is a very real company and it's been somewhat hidden inside of intel this is great for the market >> cc is with us now, senior analyst at bernstein research. you have an underperform on intel, but you like this move? >> it's financial engineering 101. it's probably worth quite a bit more than what they paid for it four to five years ago the market reaction is interesting. intel is up today about 3.5% it's up less than the sector the stock, they're up about five so it's sort of the market reaction to this in the wake of everything else is kind of interesting today. >> before we circle back to intel, why are the semis so much up today >> the highest growth names have been under pressure the last few days and things are catching a bit. >> i'm guessing that this area

represented by mobile eye is the growth area within intel i can see why they would want to monetize it. they paid what, 15 billion for it and now they're valuing the company at 50 billion. they get cash out, put that to work somewhere, and they're going to continue to control it, right, stacy so they get the best of both worlds, but they're taking the one growth area and sort of off loading it >> they are going to keep controlling it to your point, they've got this double digit growth target out there that is aggressive you better keep stuff in the portfolio that's actually growing double digits and this is one of the few things that is the fact they're keeping control, it will be part of the financials going forward, that makes sense. we can argue about the valuation is at 50 billion, who knows. we'll have to see what the market's willing to pay for it >> but this does seem -- it's

certainly an opertune time. certainly more investing interest and mobile eye would represent the pure play. i have to imagine intel shareholders will be shareholders of mobile eye so even if intel is underperforming, they might say i got a piece of each. >> that's the hope i would argue that you see these kinds of things, a pretty healthy discount you saw vmware down and a number of others. they tend not to work on a one to one, but as a mechanism to unlock, you have to remember the fundamentals of the company are getting worse, right the core business is getting worse. share, margins, capex, so pulling every other financial lever now while you can makes

sense. i don't blame them for doing it. >> right >> but changing the structural situation that the company's in either >> well, it is mavericky, so in that sense is pat singalgnalingo shareholders, they're going to need a hail mary >> to his credit, i don't think he's doing the wrong thing where if in ten year, their still viable he's wanting to blow up the model to try to set them on that path you have to remember this is not something, the situation they're in just didn't develop over a quarter. this has been building for ten years. this is why these kinds of drastic steps are necessary, right. so it's going to be quite a while before we know kind of what trajectory they're going to be on. whether or not this works. in the meantime, he's doing everything he can. i don't blame him. it's a tough ride as they go to

where they may be in five or ten years. >> ten-year price chart sums it up only up 106% only doubled in that period where nvidia is up as much this year thank you for your time. >> thank you still ahead, a working lurch lunch with the nasdaq ceo and her quest to use big data to improve the speed and integrity of market networks here's a look atsome of the best performing stocks on the nasdaq 100 pinduoduo one of them.

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here is your cnbc news update at this hour. president biden warned russian putin, united states, and its european allies will respond with what the white house calls strong economic and other measures if there is a military escalation involving ukraine the two leaders spoke today in a video link up.

russia has tens of thousands of troops along its border with ukraine raising fears an invasion could be coming they say putin wants a guarantee you crane won't join nato. the president's vaccine for federal contractors has been blocked. a judge in georgia issued an injunction saying congress did not authorize the president to use the government's procurement powers to impose a mandate with such a vast economic and political significance separate federal requirements have already been on hold by courts. in the last hour, the defense rested in the trial of actor jussie smollett. he was arrested by prosecutors today after denying he staged an attack that was designed to look like a hate crime. closing arguments are scheduled for tomorrow morning >> thank you very much the last two weeks have brought big ups and downs to the market.

up today, big. there's also been a shakeup in the leadership of the nyse, where it was announced that president stacy cunningham would be replaced. today, jon fortt brings up close with a leader trying to provide stable leadership in volatile times at the nyse's rival. >> she's been ceo at nasdaq for almost five years now and in so many ways, her career prepared her for the challenges at the moment she was leading the efforts in data products 20 years ago and working remotely in a way before that became a strategic imperative she didn't also know she wanted to crime the corporate ladder though >> when i was a kid, i wanted to be an astronaut and so i thought that was just my destiny and i always looked up into space and enjoyed science. up until i kind of went into the more advanced physics and chemistry then i thought, hmm, maybe i'm destined to do

something else >> just because it wasn't fun or you know >> i just think that i realized that the, that what my skills were more geared towards was i'm a very practical person and i decided that i could get a lot of the benefits of feeling like i'm in space i learned how to fly when i was in college >> what were you flying in college? >> just the cessnas. single engine planes, but i did enjoy the idea of being up in the air. >> just a cessna last week, i sat down with her at amazon's cloud conference in las vegas where she announced nasdaq's moving a lot of nasdaq's core operations including the matching engine from trades to cloud platforms it's going the allow artificial intelligence systems to improve the speed and integrity of the m is >> machine learning will become more mainstream as a way to find signals

signals and a way to interact with the markets we will also get smarter in anti-crime to do more and more to solve the problem in the financial system i believe that's going to become more and more with the center piece. especially machine learning. >> faster and safer is good if you can pull it off. >> we believe that we have found a way to make it so that we can do this in a way that does not have the tradeoffs because we're able to leverage our data center >> they won a canadian company about a year ago that deals with anti-crime sometimes with all the talk about digital transformation, that means first, businesses have to get their most important data into cloud friendly systems then those systems can run analysis on the data then if all goes well, they can reach new heights. >> just incredibly impressive. >> so where do they currently store or house those functions

they are going to move to the cloud? is it on their own proprietary servers and computers >> it is aws, which is having an outage today. >> disney plus >> aws has something called aws outpost where you can use the same equipment they use in the cloud that can talk to the public cloud equipment, but keep it in your own data center that's what nasdaq is going to do with the matching system. so it's going to be cloud friendly and in the cloud, but also under their control for low latency and they wouldn't be affected one would imagine on days like this >> she is an incredibly impressive person obviously and i wonder if all of these efforts are why the nasdaq beat nyse with listings this year. in in other words, are these paying off in the real world or is it just a fluke >> i do not know down in the trenches level, but it is

notable i think that 20 years ago, adina was the executive who was working on data. right? and we were talking about the importance of that and artificial intelligence three years ago before it became so much of a market theme >> if i'm a space company, i go, oh, she's interested in space, come work on spaceex >> i bet you when they're looking to go public >> they can talk their language. >> thanks. still ahead on "power lunch," stocks are up, yields are up, oil's up we're going to dive into the biggest stock rally since march. plus, we'll talk to the ceo of baker hughes about global demand for crude and the transition to clean energy and the travel stocks are brushing off the omicron variant concerns our trading nation team, are ey giving investors the all clear to buy we'll find out ahead what's strong with me? i'm ready for anything. find out what's strong with you

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we've got about 88 minutes left in the trading day. let's check on stocks, bonds, and commodities. we begin with bob pisani on the market numbers >> tyler, first two days up since the end of november.

it's essentially a round trip of the s&p. just take a look in the last month. we were at hp 4700 now we're back a few points off. compete round trip omicron fears and no omicron fears. take a look particularly speculative tech this is really the first big up day the stocks have had. coinbase, shopify, twilio, square and tesla as for big tech, real tech that makes real profits, they're having a great day got a bunch of new highs the semiconductor etf is at an all-time high. and amongst the biggest of all, apple also at a new high a sign that isn't really about omicron and the reopening and feeling better about reopening, look what's at new highs besides the new tech truckers and railroads so csx for example, union

pacific's at a new high. truckers, night transport. air corporation. all new highs. that wouldn't be happening, folks if there was a lot of concerns about omicron that's out there. so what's moving the markets it's pretty simple it's about omicron is omicron manageable? if it is, then we're at peak supply chain and inflation worries and they'll start abating in the next few months if it's not manageable, then it's not going away. we'll have supply concerns going on for several quarters more what about the fed you say they're talking december 15th. remember, if omicron's manageable, the fed's less of an issue. they're going to be less aggressive on the inflation front. it's about getting the omicron that's moving the markets. >> thank you very much, bob. now to the bond market where the

ten-year yield maybe isn't rising quite as much as we'd think considering the huge leap in the nasdaq today. rick is tracking that action rick >> you know, and growth has a lot to do with this and this, what i'm talking about is the omicron variant. here's the issue where are the scientific headlines? there aren't many yet, but the big headline is that equities seem to have an opinion on the intensity of on the committee. it seems we're going to be okay. can that change? of course. but we have a much more pessimistic view from the fixed income and treasury market although i'm not sure that's the only thing being priced in look at the 24-hour chart of three-year notes we just auctioned off 54 billion of them. it was a very mediocre auction the point is that they're still up five basis points the curve is still flattening and all this occurred on a day where you want to talk about

growth productivity is considered the magic bullet of our society and our economy, but at minus 5.2 today for the third quarterfinal, that was the worse in 61 years going back to 1960 and on a year-over-year basis, it was down 0.6 of 1%. we hope the view of omicron is correct. if you look at ten-year notes that kelly was referencing, you can see it's starting to get more hot as yields are ticking up more aggressively as the long end starts to contribute to some of this yield increase, but the curves are still flat. here's 30s to 5s and a fresh flat going back to march of 2020 and finally, let's look at the hyg. we always pay close attention to the junk bond market because when things geit nervous, they sell them off. the high yield etf is telling us

maybe the coast is getting clearer. tyler, back to you >> interesting note on which to end it rick, thank you. the relief over concerns about omicron is helping stocks, also pushing oil higher pippa? >> that's right. oil up again today continuing this bout of pretty extreme volatility we've seen over the last few sessions serl factors are spoupporting prices as well as saudi arabia raising its prices wti is up 3.5% at $71.95, reclaiming that $70 level. brent crude up 3.2% at $75.41. now ihs market out with a new report just now saying that price volatility is here to stay thanks to underinvestment in the sector they would upstream spending in oil and gas was $341 billion this year and that builds on 2020's investment, which was 30% below the prior year and a quick check on nat gas

here in the green today but still down almost 20% over the last week after that really big drop yesterday tyler, back to you >> thank you very much energy stocks also rallying today. the second best performing group on the s&p 500 diamond back, devon. up next, we're going to go to houston where a meeting of big names in energy is taking place. we'll be joined by the ceo of ba baker hughes, so stay with us.

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let's get you caught up on what's moving. second straight day now. let's start with apple morgan stanley upped the price target to 200 bucks today. it's all helping apple and the suppliers corvo and qualcomm chinese internet names doing well pinduoduo is popping 13% today and social media is doing pretty

well especially the dating apps bumble, match group, nicely higher bumble by 12% today. >> yeah, reopening theme back to the big moves in energy. both oil and nas gas rallying today as the biggest power players come together at the world petroleum congress in houston. brian sullivan is there with the ceo of baker hughes in a "power lunch" exclusive brian? >> thank you, tyler. i mean, what a change it has been a couple of days ago, we were talking about oil demand falling off a cliff. prices fell off a cliff, then more positive data thankfully on omicron and other covid data and guess what oil has taken back off let's take a crystal ball look into 2020. lorenzo, thank you very much for joining us >> great to be with you, brian thanks >> when you look in that crystal ball, 2022, i've heard you make positive comments here are you optimistic and why

>> i am. and as we continue to look at 2022, we see the recovery. we see the economies around the world recovering and by the end of 2022, we think that demand will be back at 2019 levels and with that, also activity will pick up, so we're optimistic that we've got tailwind within the oil and gas sector >> that's it everybody seems like you're waiting for gufman, the u.s. producers to start pumping more oil. which means they would hire baker hughes that comes down to big spending plans. you're at 80% global company you've talked to all of them cap spending is coming up, but is it coming up enough >> we're seeing cap spending coming up, but we're also seeing a divergence i think as you heard from some of the iocs, they're retaining their capital discipline again, the returning of cash to

shareholders is important for the iocs as well as the continued allocation not just oil and gas, but also the energy transition. as we look to the privates and some of the independents, you are seeing increased activity. but i'd go more international and when you look at the low cost spaces, you look at the national oil companies, that's where we're seeing the capital spend. you've seen announcements from aramco we see the low cost spaces seeing an increase in spending going forward in the next few years. >> as you know, okay, we have sort of taken on your friday rig count as almost a weekly economic indicator but you guys are so much more than that. and you're a huge, by the way, just signed a big l and g deal so congratulations on that you're doing work in hydrogen. do you feel like almost because we talk so much about rig counts that baker hughes as a stock

maybe doesn't get the understanding or the investor love that it should? do people fundamentally misunderstand your business? >> you said it, not me >> it's our fault. >> look, baker hughes is an energy technology company and the portfolio and the capabilities we have go far beyond the rig counts and when you look at the portfolio we brought together in 2017, it really allows us to play in two business areas one is the upstream and obviously driving efficiencies for our customers. >> taking oil out of the ground. the extraction aspect. both on surface and also deep water. then we have the industrial industry technology business area which really goes well beyond just the aspect of oil and gas, but goes into the aspect of natural gas, lng, which we see as key in the energy transition and also goes into industrial segments when you think about ccs, you think about hydrogen that's applicable to more than just the oil and gas sector. we've got a nice compliment of

two business areas that have tailwinds going forward. >> carbon capture, ccus. it's an important thing we're talking about here with the energy transition and reduction of emissions lor we really appreciate it. thank you. i'll send it back to you ioc is integrated oil company, not the international olympic committee, i would sayassume >> thanks. travel shares are continuing to bounce back from their omicron induced selloff. just look at united airlines, norwegian, airbnb, all jumping 2% or remo is the travel recovery here? stay with us

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welcome back to "power lunch. vacasa shares falling after they made their public debut today. i asked the ceo about whether the new variant is pushing americans to cancel or change travel plans here's what he said. >> we're not seeing any impact in our booking behavior, booking

pattern with the new variant in fact, when delta was at its peak in the summer, we posted record results for the company >> they join airbnb and expedia. both stocks enjoying a nice, br gordon and gina sanchez. todd, given the run-up is vacasa a way to play the sort of boom we are seeing in vacation rentals postpandemic >> yeah. it's interesting the ipo today is okay. but it's more of an evolved technical management of system to overcome the challenges like airbnb or vrbo it helps with the property and saves headaches and employing

matter port to allow owners to map their property on -- with 3d technology we talked about that stock here and the company said they spend three more times looking at a listing because of this technology in terms of travel tourism, rallying today but i think it's semis, computer hardware, software, materials. people's bank of china is easing rotating back in favor but the travel related underperforming for a long period of time. expedia could be a way to play it we have seen a lot of underperformance and i think a short covering rally in reaction to a better than expected environment with omicron and the consumer weathering inflation. >> a lot there gina, travel stocks have become a good gauge on how concerned

the market is and then the eu reviewing options to test incoming travelers for covid. >> much of the concern that omicron has been sort of putting on the travel industry is the international travel i think domestically we haven't really seen as much concern and the travel stocks have really had a lot of fits and starts with regard to the reopening but i think that there's a lot of unlocked value there and expedia is a cheaper way to play and broader way to play that reopening even the there's another fit and start within the international space. domestically travel is coming back. >> expedia up today and down 7% this month thank you. for more head to the website, follow us on twitter

back to you. >> thank you. the amazon web services o outage appears to be getting worse. >> here's what we know about the issue that you have been talking about. amazon's cloud computing unit was hit with an outage impacting websites and services. among them we know reporting issues disney plus, netflix, slack, robinhood and coinbase. ware house and delivery workers with drivers for amazon reporting that they face challenges, as well. amazon sellers also reporting that they were unable to access seller central used to manage orders amazon saying the root cause of the issue is calling an impairment of several network devices and working to for example the problem and bringing

you more headlines as they come. back do you. >> thank you ironic to talk about nasdaq's efforts to use the technology. >> the move. moving to the cloud. impairment of a structural thing there. it's interesting to know what caused that impairment first thought is this a result of an outside menace. >> they say the root cause is an impairment of the several network devices. you know there's multiple mitigation paths. have seen some science of recovery some other recent ones in google's case proven to be scripting errors is this more of the same or something else going on? we'll get more the averages are close to all-time highs once again. the russell is nearly 8% from

the peak why the small caps are trailing behind right after that. >> now the latest from trading nation.cnbc.com and a word from our sponsor.

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(♪ ♪) let there be change accenture a huge rally today for big cap tech apple, microsoft, nvidia all with tidy gains. continuing the uptrend since the black friday sell enough and leafing the small caps behind. let's find out why from dom chu. dom? >> why some traders and investors are a little bit more i guess bullish is because we might be at a point where we could almost put the black friday sell-off in distant memory here. i say almost because if you look at the dow industrials, s&p 500 and the nasdaq, the moves over the last couple of days here have basically erased almost all of the losses. s&p and dow within a quarter percent away from the

pre-thanksgiving levels and the nasdaq composite overall 2 to 3% from the levels of recovering the losses the reason why the small caps could be a catch-up trade to be had or a turning point in the markets has to do with the small cap stocks this etf is roughly 3% away here you can see from the levels pre-thanksgiving if you want to look for an indicator about maybe what the market direction could feel like if you have taken away the economic issues in the future with regard to omicron, taken away the pricing issues for the fed and interest rate hikes going forward the small caps have a catch-up trade maybe in the offing and why investors pay attention right now. >> people don't want to have the eggs in just the index basket. if you diversify to small caps, where do you go? buy bonds?

i don't know what you buy. >> you know what you do buy? with the mega cap trade, it's been apple, microsoft and alphabet that have done really well one notable one that's not mega cap-wise is tesla still down for the week. >> thank you >> thank you for watching "power lunch." >> "closing bell" starts right now. welcome to "closing bell." i'm wilfred frost. the dow and s&p on track for their best two-day stretch of the year. >> a celebration i'm sara eisen let's look at when's driving the action technology leading the charge. nasdaq up almost3 paterson with gains for apple, tesla and intel more on those straight ahead. dr. fauci saying omicron is quote almost certainly not more