it is 5:00 a.m. at cnbc and your top five at 5:00, new week and new records, it could happen futures are higher with all eyes on the fed and red hot inflation data it's not just wall street, heading to main street as retail investors do something for the first time ever. in china red flags for a would be i.p.o. as the u.s. adds it to a blacklist investment watch out tesla the critics getting their hands on another highly sought after e.v. and

giving it a gold star along the way. outside of the markets families from kentucky and mississippi are still picking up the pieces today after a wave of deadly tornados rip through the region a live report ahead on this monday, december 13th, and this is "worldwide exchange." good morning, good afternoon, good evening and welcome from wherever in the world you may be watching i'm brian sullivan, it's good to be back with you checking our monday futures, looking like the record run could continue, seeing futures higher across the board, you can see more than a 100 point gain for the dow, s&p and nasdaq also in the green coming off a lot of strength with the s&p 500 posting its best week since back in february. something to watch guess what else is up, that is the price of oil oil up big last week, it rose

8% its best week since august and it snapped a six week losing streak, of course, you may have heard our interviews from houston last week, so many of those ceos, they seem to be very bullish right now talking about maybe not expanding production but expanding the money they put back to you. let's check the cryptosing, they're higher, a weak stretch for bitcoin and ethereum they're down again right now, bitcoin back down to 48, 8 as the cryptos show a sign of weakness see how they react to the fed data and meeting on wednesday. let's check the early action overseas see if they're falling us in the green. karen tso is in london with the latest good morning. >> good morning to you we are taking our cues from wall street the friday session strong for markets here we've snapped

the losing streak. we were down about three straight sessions on the european markets we did close out on a losing note so we recaptured some of the green this morning, moved higher on the benchmark, the stock share 600 and across individual markets we're trading stronger the german stock market which raced ahead about 1% you note the uk stock market up about .1%. there are significant concerns around the new variant the uk has moved to covid-19 alert level four, that's the second highest after chiefs warned that the omicron variant is spreading faster than delta social distancing measures have been resumed and health services are bracing for a potential jump in hospitalizations. we rounded out sunday night with the prime minister boris johnson warning of a, quote, tidal wave of infections and urged people to book booster jabs offered to

all adults by the end of the month. heavy vaccine strategy here. sterling is on the back foot we heard from oxford university, which we had been waiting for, which said two doses of the vaccine, astrazeneca or pfizer, just not as effective. you need to get the booster. >> karen, have a great day, thank you very much. let's get to some other headlines and top stories c kicking off the headlines. good morning,silvana. >> good morning. ai company sense time withdrawing the $767 million hong kong i.p.o. after it was added to a u.s. investment blacklist late last week the company which the u.s. of enabling human rights abuses in china said they'll have a new filing soon. it was expected to price shares,

likely valuing the company as high as $17 billion, fox news anchor chris wallace said he is leaving the network news giant after an 18-year tenure. while breaking the news to viewers during yesterday's broadcast, will move to cnn plus and host a weekly show which will debut in the first quarter of next year. investors poured $1 trillion into exchange traded funds in the last 11 months that's the first time etf inflows crossed the 1 trillion mark in a single year and tops last year's total of $736 billion some of the top ben feficiaribe, vanguard, blackstone and state street which control more than 70% of all u.s. etf assets >> we'll see you back in a few minutes. thank you very much. >> sure thing. here's reassuring news for

all of you investors out there putting cash to work in stocks lately analysts say there is little reason to expect a draw down in the months ahead despite what they note is a narrow market breath in fact, a few stocks are leading the market a lot of stocks are down over the last couple of months. in a note over the weekend, the bank's strategist wrote, quote, the macro environment does not suggest draw down risk is elevated in the coming months. nominal and real rates are expected to rise but remain low over the coming months, supporting the backdrop for both valuation and equity demand. joining us to talk about that is uma, good to have you on the program this morning would you agree with goldman sachs? >> good morning, brian, good to be here. and it's a great point, right. we've actually seen, interestingly, in the last five

quarters households increase their wealth by more than they have in the last five years pre-covid. the consumer is in a great spot. that's what you're seeing as part of the influence, seeing in terms of the spending we're seeing from consumers. so it provides a great foundation for the economy as we keep going forward >> goldman sachs noting, though, what some consider maybe to be the biggest threat right now the fact is even like the last few years, fewer and fewer stocks are pulling the entire market i'll go on tv and say the s&p 500 was up, but actually it was like 5 stocks pulling the other 495 higher are you worried about that narrow breath, a stock like apple getting all the love lately >> as we think about where those stocks are really headed, especially as we go sbinto next year, we think it's a great environment, especially for

active managers. because of what you're seeing, the easy money, pass i funds, a lot of easy money has been made. so as we go into next year where we're looking at an environment where we're not expecting much in terms of the expansion for multiples. we're looking for the winners, that's a great place to be as an active manager so what we're focused on is where we're seeing the earnings compounders, that's not talking about that rebound from covid. but we're focused on those types of companies, businesses, that have the pricing power because of great demand tail winds, great margins. that's what we're really focused on >> that's going to be, i think, the theme we're hearing from you and other smart folks out there in 2022, a stock picker's market we appreciate you getting up early. have a great day, a great week thank you very much. >> thank you. >> we have to jump to a more

serious human story outside of the markets. recovery efforts under way after a series of deadly tornados ripped through the south and parts of the midwest late friday, early saturday at least 80 people are now confirmed dead jay gray joining us from a town in the path of the storm mayfield, kentucky i can see the scenes we can see it around you, how is it looking on the ground there? >> reporter: well, brian, frankly it's overwhelming. and a lot of people struggling with what's been left behind here i want to give you a first hand look at the devastation. one tree pulled by the roots the other snapped and pulled onto a house here even a truck picked up and pushed into this back yard and this type of destruction, well, it stretches for miles here overnight, power and fiber crews search and recovery teams continue to pour in to mayfield.

the darkness can't mask the wre wreckage there's just too much to hide. >> you stand in the midst of this and everything you see, everything, right, left, forwards, backwards, is gone. >> reporter: the initial shock of the storm giving way to the painful reality of everything that's been lost. >> it's never going to be the same the neighborhood isn't going to be the same, the town isn't going to be the same. >> reporter: what's left behind, a haunting reminder of the tragedy. >> it's immediate, and it's dedevastating. >> reporter: but he knows it doesn't come close to representing the real loss here. his wife is an emergency room physician. >> she said she were pronouncing people dead one after the other after the other and the one thing that hurts us the most, she said that she pronounced two kids dead.

>> reporter: responders warning, the number of lives lost currently more than three dozen across the strike zone, will climb, as they continue their difficult work >> tragic and moving story from jay gray we'll get more later on in the hour as well that's a story we'll continue to follow, and prayers and thoughts to everybody involved. when we come back, it is back to business an electric vehicle not named tesla getting high marks from critics. the space remains red hot for investors. plus sirius xm hoping to sprinkle disney magic. and an alarming number of investors say one part of the market may be in a big-time bubble what that is ahead a very busy hour rolls on after this

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good morning and welcome back it is 5:14 on the east coast that is a beautiful shot of the beautiful 30 rockefeller center right in the middle of midtown manhattan. sun pops up at 7:11 this morning. it is time for your big money movers three key stock stories of the day, this one with four, though stock number one is rivian

motor trend magazine naming the automakers r 1t the truck of the year the magazine says it is the remamost remarkable truck they've ever driven and it's the first time motor trend has given a car maker the title for its first ever vehicle they only began deliveries of the truck in september stock two is sirius xm, hiring the executive from disney that oversaw the launch of disney plus sirius xm is facing stiff competition from rivals like spotify, amazon, apple, where you hear the "worldwide exchange" podcast. and finally, visa and mastercard they're under pressure in england from more than a dozen retail brand, they're launching

fresh legal games and seeking money for high card payment fees not an impact on the stock now but stories to watch still on deck, is the supply chain problem really getting better we take a cnbc deep dive into what's happening at the ports on the west and show you something you are not seeing much anywhere else >> announcer: today's big number 210 million. that's how many packages were stolen from porches in the u.s. over the past year according to a survey from safe wise. according to the report, denver, colorado was the wstor city for package theft in that period

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welcome or welcome back, and good monday morning. the congestion at the ports here and in china have brought the holiday supply chain to a slow grind in a special cnbc trade tracking investigation we scoured the bills of american importers looking for holiday items arriving on our shores and maybe those that won't or won't get here till next year. lori ann is here with more on her findings welcome. i know you're digging into this stuff you literally wrote a book on it. are things getting better at the west coast ports and/or the overall supply chain >> good morning, brian

the answer is not really despite what we're hearing according to the bills of lading where i used import genius, you're looking at 730 packages that arrived since thanksgiving. and unless you have expedited pickups, ch robyson, ups, amazon, they're saying you have to get the products in and the dwell time at the ports is too much ch robinson tells me they're sorting these items outside of the containers, they're pulling them off to get time sensitive items. you're looking at 6.5 days for the containers at the ports and that doesn't count the rail

time >> we have heard from some people it's getting better, but actually you and i went back and forth over the weekend and i posted screen shots from marine traffic. seems like there's just as many ships they just moved them off the mexican coast, hiding them out to sea, correct? >> correct they have a new queueing system, the reason it was created because of the hundreds of vessels off the portsover of l.. but we're only hearing the ones at anchor, and that provides a false narrative what's going on. you have a total of 95 vessels right now, brian, off the coast of los angeles and long beach. that's according to vessels value which tracks the vessels as well as the marine exchange which is in charge of all of this so it really is a false negative >> i love this point, because

these vessels we showed, they're on this weird point off of mexico, they're call going to l.a. or long beachfrom china they can't anchor, the water is too deep we can say the number of boats at anchor has come down but the number of ships the same. >> absolutely. when you look at the data we're getting, the port of los angeles put out they have 12 vessels at anchor, that's great but when you pull out the amount of vessels waiting from the port of los angeles, you are looking at 43 vessels outside of there people need to know the reality because main stream media are giving that anchored number and that's not the absolute truth. >> not knocking anybody, but this is what cnbc does well, we're a data driven organization you look at the science as we've been saying so much lately

you're looking into the science of shipping, which we love how long, though, in your crystal ball, talking to your people is this going to last are we talking this time next year we're having the same conversation >> we are. there are so many head winds you have outbreaks of covid in china, you have from what i've been told from both logistics experts as well as importers, they tell me at least until the third quarter of 2022 we are going to see these supply chain disruptions because of the immense congestion >> and what kinds of things -- it's december 13th, if you haven't finished your christmas shopping, it's probably going to get a little tight bottom line, are these items on the shelf the next week or two for the procrastinators out there? >> a lot of retailers have control of their supply chain,

they have the charters getting their product in it's the small and medium size businesses that i saw within the bill of lading that i saw being impacted you have places like bjs with products left on the containers, walmart they have dog and cat stockings. these are items you can't sell post december 31st so they have to be put in warehousing if you have it or sold on the secondary market at a loss >> come on, i wait until december 26th to get my dog and cat stockings for the next year. very quickly we'll get viewers who push back and say the ceos of walmart and others said things are getting a little bit better. that's true, we're not accusing walmart of lying they can hire their own ships. to compare walmart to everybody else is nonsense. >> it is the whole thing is the dwell time of these containers

you're looking at how long is the container sitting at the port you have six and a half days at los angeles, six days at long beach. and what makes walmart the power house it is, they have the distribution centers, the trucks, they can pay the expedited shipping a lot of small and medium size b businesses can't do that so they're waiting two, three months to get a product. >> we really appreciate that deep dive. be again it come down to science and data and looking at the numbers, not just opinion. lori ann, thank you very much. >> thanks. why don't we step out and get a check on the headlines outside of money and business. phillip mena is in new york with that and more. good morning. >> good morning. the house january 6th committee has released a report that recommends holding former chief of staff, mark meadows in contempt of congress after

refusing to testify about documents he provided to the panel. they would have requested him about a january 5th email where he indicated the national guard would be present on january 6th to quote protect pro-trump people it also states the committee would have asked meadows about text messages regarding efforts to encourage republican legislatures to send alternatives to congress california is taking a page from the texas playbook governor gavin newsom said he'll use the tactics from the recent abortion law to restrict access to assault weapons the proposed bill would allow private citizens to sue anyone who makes or distributors weapons in california. the supreme court allowed a texas law on abortion rights to stay in effect a spoiler alert for sex and the city fans. peloton is back pedaling,

turning the clock back on a shocking death in the new revival? >> should we take another ride life's too short not to. >> and just like that the world was reminded that regular cycling stimulates your heart and lung he's alive >> that's ryan reynolds helping bring mr. big back from the dead in a new commercial. the fitness company's shares took a hit after chris noth's character suffered a heart attack on the bike i hope this is not the first you're hearing about what happened >> because i'm not going to lie. i've never seen the show, i was completely confused by what was going on so he died on a peloton in the show, but chris noth is alive and well >> i watched the first 20 minutes and then the halftime

was over, and i went back to it. so i did not see him die on the peloton either, but that is what is the sub text there. >> okay. the story line he died on a peloton but it was a fictional program and everything is just fine phillip mena, thank you. noth-gate is now over. >> that's right. >> take care. from the field until the final frontier a few new inductions into the celebrity space tourism business over the weekend within we call it big blue meets blue origin. we'll be right back.

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market rally picking up where it left off on friday. futures pointing to more gains and your morning rbi will highlight why we could break one of the most impressive stock market records of all time. the federal government and several major tech firms raicing to stop the fallout from a software flaw. and some new positive signs in the fight against omicron dr. debbie is here with what it could mean it is monday, december 13th, and this is "worldwide exchange." good morning, and welcome or

welcome back maybe you're on a peloton by the way, if you are start to pedal faster, grab more water or coffee, we have 30 minutes left in this fine program it's looking like we could have a fine start to your week. nothing big. faurkt r futures have come off the highs but still up .2 to .1%. some green on the screen, keep the market rally going the s&p 500 last week posting its best week since february we're also keeping an eye on shares of apple, probably the most important stock in the world not just for us but for the globe. apple getting this close to a $3 trillion market cap if you're counting at home, the stock has to hit $182.86 per share to hit that number oddly specific i know, witbut that's your number we're seeing apple trading at

181.10, it's up 25% year-to-date but 20% has been in the last month awe loan so it gains another 1.50, it'll be the first trillion dollar company. let's get to your other headlines, including technology companies racing to cover a serious security flaw. >> the department of homeland security is urging government and private sector organization to address a critical flaw in widely used software the vulnerability is in a java base software that organizations use to configure their applications and could give hackers access to networks hackers started to exploiting the flaw friday to gain access to servers running the mine craft game amazon and cisco are among the

companies carrying out investigations into the depth of the problem. and those that have the java program in their software say they deploying patches. and alibaba firing the female worker who accused a supervisor of result her lawyer said she was sent a letter last month. the woman went public with her allegations because she said alibaba failed to take action. alibaba fired the worker but a criminal case was dropped. and blue origin carrying out another flight over the weekend, launching six people, including michael strahan. this trip brings the number to

14 brian? >> very cool congrats to the team and michael strahan. the guy continues to amaze i've gotten to know him a little bit, he's the king of all media now the king of space flight thank you very much. take care. to the lawsuitest in the continued fight against covid. there is good news amid the scary headlines. new research out of israel finding a three-course shot of the pfizer vaccine provides significant protection against the omicron strain that supports the findings by pfizer last week the israel study was done last week using the actual virus. that said we have a long way to go like this time last year, hospitalizations in colder parts of the country are on the rise with indiana, new hampshire and maine deploying the national guard to assist hospital

workers. new york reimposing an indoor mask mandate joining us is dr. debbie, society professor at nyu school of medicine, front line worker herself. good to have you back on we've all got friends that work in hospitals i know some front line workers myself i'm going to tell you, they are cooked they're just exhausted, it's been a year and a half, some of them have had now more than one day off in almost two years. and you get the feeling a lot of these folks who are amazing but not super human are at the breaking point is is there something we can do to help these people continue to help us? >> i don't know if it's something specific we can take precautions. we talk about covid a lot, we can take the precautions in terms of protecting ourselves, doing what we can in terms of vaccines and masks and other

precautions. but there's a lot involved if i think about what's overwhelming the health care system, we talk about omicron and covid, but there are also issues in terms of health care worker fatigue, for example, a lot of the shortages are related to people going on leave now because they have been working for two years so the staffing is less so we need folks to come back as well, return to the hospital i think that has to do more with management as well, rather than people in the community. secondly we have issues where a lot of the folks -- we think about the health care workers themselves like doctors and nurses but a lot of folks that are support staff, folks in dietary, housekeeping, people doing the laundry, so anybody that supports the health care system also we have shor shortagesover those folks in general as well. i think there are a lot of folks that support the health care

system that we need as well. and all of that is reducing the number of beds available some of these strategies that are done to reduce the elective procedures and things in hospitals may be harming things because we have patients that need health care as of the last two years the patients themselves have been waiting to get procedures done. so we have a sicker population that may be vulnerable to the virus itself. >> a lot of health care workers, i'm not advocating for or against them, that's not my role but the vaccine mandates have pushed out thousands of health care workers across the country. i want to focus on something else, it's controversial, but i know you can handle it there was an article in the atlantic a month ago saying 45% of hospitalizations for covid should not be hospitalizations they're things that are like a broken ankle and you find out you have covid or there are

people so afraid of it, they're coming in having anxiety attacks because they have a fever and assume they're going to die of covid. i'm not joking they're saying people are working themselves up into a frenzy even while fully vaccinated from your perch, are we seeing non-necessary hospitalizations maybe crowding out those that are necessary for people with like in a car accident >> so the people that need to be hospitalized often do end up in the hospital either way. you're right, sometimes people will come to the er and divert some of the resources, that occurs but it's still better for someone concerned to come in and get assessed there i think you hit on a larger issue that we have a problem where the hospitalizations and deaths, it's confusing whether these are true covid

hospitalizations, true deaths. for example as someone who has filled out death certificates, there's usually not just one cause of death there's a primary cause of death and then there are several others so a person, for example, who has covid or some other virus, it's not always the only thing that killed them they may have heart disease, cancer, several things that put them in the hospital and covid is another factor that affected them and pushed them over the edge and this person passed away i think this is what leads to a lot of mixed messaging as well, when the pandemic started we saw people with no other risk factors, sometimes they caught covid and then passed away, that's why people were so terrified. now we see people, as you mentioned, they had a sprained ankle, otherwise look healthy, and then they get diagnosed with covid and it goes down as a covid hospitalization or you see

other problems and it goes down to covid so we need clarification of whether covid is truly the thing that caused them to get pushed over the edge or if it's just a factor. >> it drives policy, keeps kids out of school. keeps people home. there's so much to it. doctor, we appreciate your blunt honesty. god bless you and everybody else out there that continues to do this work nearly two years in. dr. debbie, thank you. have a great day coming up your morning rbi and the impressive fete the markets could pull off this year plus caleb silver is back on what part of the market his readers say may be bu bubble-icious. we're back after this.

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welcome or welcome back. i am back and so is the rbi. the most random but interesting thing you may hear all day, cnbc style, of course and today it's all about records, cnbc style. because these are stock market records. one of the most impressive market records of all time, maybe the most could be broken this year. that is the string of all-time record high closes for the s&p 500 in a year. look at this cool stat courtesy of charlie and the compound capital team the most record high closes in one year was 77, that mark was set back in 1995 that, by the way, was the year

after the federal reserve raised interest rates by 2.5% and the market still rose. maybe a lesson there right now we are at 67 record closes this year, two more than 1945, five more than five years ago. and a lot more from 1942 and 2014 tie can we break the record? it isn't easy but still technically possible we have 14 trading days left in the year, we need 10 to tie it, 11 to break it we need a new record high basically not every day but close. futures are higher anything can happen. we're on our way this is something really random but interesting to watch headed into the end of the year maybe we need to make giant cnbc wall calendar counting down to see if we can break that record, am i right let's do it.

14 days left, ten to go. random but interesting with the new records comes confidence, right. you buy stocks, they go up, you're a genius. and with that, investors are getting more confident that's according to the latest survey from investo-pedia. there is a fine line between confidence and cocky are investors starting to cross that line? >> great to be with you, brian i think investors are shaken but not stirred by the recent volatility and leaning back into risk as you know we've been surveying our readers since pre-pandemic and they're as bullish as they've been all year. we have 23% adding more money in their portfolios in the past few weeks. you mentioned the record flows into etfs. 36% making more frequent adjustments. 17% choosing riskier investments and leaning into crypto.

a third of our readers own bitcoin or ethereum. they're fear of missing out, they want to buy now that we are lower. they're leaning back in big time. >> i'm going to quote investopedia 60% believe one asset class is in a bubble, residential reestate was second. but bitcoin is next. they're going to ride the bubble until it pops. >> bubbles, bubbles everywhere, not afraid to swim in it there have been times they backed off risk, off the stock market right now they want to lean into it as we head into the end of the year you're right, 60% saying bitcoin is the biggest bubble out there. a lot of them fearing the market itself is overvalued in the stock market so despite those concerns they keep buying. >> and we got to go, but inflation, the biggest risk according to your viewers?

>> absolutely. inflation the biggest risk on their minds. they fear it going into 2022 and fear higher interest rates and supply chain issues but inflation is the number one concern, makes sense but they're still leaning into stocks and bitcoin. >> real world data they are not afraid of what they consider to be a bubble. leaning in, ride it until it's over appreciate it, fascinating stuff, caleb we'll get you back soon. on deck, much more on the deadly tornados leaving entire communities reduced to rubble. we'll take you back tonhe ground with jay gray in kentucky next

i'm 53, but in my mind i'm still 35. that's why i take oste bi-flex to keep me moving the way i was made to, it nourishes and strengthens my joints for the long term. osteo bi-flex, plus vitamin d for immune support. welcome or welcome back. now back to one of our top stories, really the country's top stories this morning as families and business owners in six states from mississippi and kentucky, even up to illinois combing through the rubble this morning after a series of deadly tornados tore

through the region on friday and saturday morning, the storms leaving 80 people dead one community, mayfield, kentucky, right in the path of the storm getting hit especially hard that's where we find nbc's jay gray we saw the first time you were on earlier in the show just absolutely gutting scenes there. how widespread are you seeing the damage >> reporter: yeah, brian, we're seeing areas like this that stretch for miles here blocks and blocks of homes that have been destroyed, businesses that are crumbled, just brick and mortar there and so many lives that have been affected this is a firsthand look at some of the devastation here. a tree that's been uprooted here another one snapped by the winds. there's a house back there, i don't know if you can see it, it was thrown on this house, a lot of that roof of the hous underneath the tree. and this truck as we showed you

earlier, picked up and pushed into what was the back yard. now it's filled with twisted metal, splintered wood and glass broken here. this goes on and on for as far as you can see, houses like this, people, families living in areas like this struggling to find what they can, pull what they can from the debris and figuring out how they can move forward. that's going to be a very difficult task as the cleanup and recovery does continue here. a process that, brian, is going to take some time. several days before they can find all those that are still missing across the strike zone and unfortunately, the numbers you talked about coming into this, officials are fearing we could see as many as 100 or more that lost their lives as a result of this terrible streak of storms that went through the entire midwest and southeast >> saw so many reports and read so much, people still missing,

trying to find family members, friends, colleagues, just awful. going to need a lot of help where you are and other places, are you seeing national guard? are you seeing people coming in to help from the outside >> reporter: yeah. national guard is on the ground here and other areas we are seeing people from around the country pouring in to help the governor of kentucky last night saying one of the issues they're dealing with as they press forward, they have so many people volunteering to help, volunteering services and man power they have to figure out how to coordinate that and get them in spots they are most needed a good problem to have in relation to the real problem they're dealing with it's great they're here now. long-term, you know this brian as well as anybody, they're going to be needed here six months from now, a year from now when our lights are turned off,

our cameras are gone and they're still trying to piece together, so this is help they'll need for quite some time. >> jay gray on the ground in mayfield, kentucky, with very gutting scenes to see. jay we're glad you're there reporting on it. be well. thank you very much. tough transition there, but let us get back to stocks and markets. futures are higher right now let's talk about where that money may be going forward with greg branch of veritas financial group and a cnbc contributor good to have you on. >> good to be here. >> apple a couple bucks away from a $3 trillion company you talked to us about certain, not just apple, big cap tech stocks on the network before, are you still a buyer and believer in some of the big boys >> quite frankly, it's one of the few places i feel comfortable putting money, brian. we're going to see headwinds the next weeks, aggressive fed

action, omicron rear its head more meaningfully again as we saw out of europe with boris johnson saying it's more transmissible than delta and expects it to be the dominant form there with the uk reporting 50,000 cases, germany and france lastly we'll see inflation numbers higher than we see them. so in that environment, i want tech that is profitable, that has strong cash flows, sustainable demand and has shown us that throughout all of the environments that we're going to see over the next six to 12 months >> we have a fed meeting on wednesday and finally the fed is in play, they're probably behind the curve already, the bond market saying that, not me whether we get rate hikes, i've been doing this 26 years now, when rates go up, banks do well. we haven't seen them do that great. are you a believer in the banks and financials

>> absolutely. and i focus on a certain type of bank the interest rate hikes will lift margins but until we get there, we see those with powerful investment banking, trading floors, advisory fees have used those businesses to power performance while we wait for that net interest margin environment to improve we'll see credit normalize to some degree but it's certainly a sector i like into next year. >> certain big tech and big banks, maybe the theme of 2021 and rolling over we know next year is really just the flip of a calendar. >> yes, it is. >> greg branch, have veritsa thank you. j.p. morgan $210 target slapped onto target. that is a street high and would make that stock well over a $3 trillion market cap if we hit

it if we hit it anyway, probably talk more about that tomorrow. we have 23 hours to plan thanks for watching us here on "worldwide exchange. we'll see you on tuesday squawk and the gang picking up all the coverage next. ♪ red roses too ♪ ♪ i see them bloom ♪ ♪ for me and you ♪ ♪ and i think to myself ♪ ♪ what a wonderful world ♪ a rich life is about more than just money. that's why at vanguard, you're more than just an investor, you're an owner so you can build a future for those you love. vanguard. become an owner.

good morning, stock gains set to continue after the s&p 500 logged its bestweek since february we'll show you what's moving this morning the federal government and several major tech companies racing to try to contain the fallout over a major software flaw as hackers try to exploit that vulnerability and positive doata out of israel in the fight against omicron variant. it's monday, december 13th, 2021 and "squawk box" begins right now.

good morning, everybody. welcome to "squawk box" right here on cnbc i'm becky quick along with joe kernen and andrew ross sorkin. we're going to start this morning with the markets after the s&p logged its best week since february, up by 3.8% last week and closed at a new record. looking at it it was the dow that was the better performer, up 4% for the week nasdaq up by 3.6%. the dow and nasdaq aren't at new records but aren't far from it the dow is 1.6% from an all-time high, nasdaq 3.5%. if you look at things this morning looking at green arrows again. dow indicated up by 90 points. s&p up by 15 nasdaq up by just over 60 points and the treasury market right now, the yields have been under pressure for a while the 10 year stil