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tv   The Claman Countdown  FOX Business  December 2, 2020 3:00pm-4:00pm EST

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group, this is the name that plays into what we care most about, your security in your global footprint, the revenue crushed in the last 12 months, this is the name you hold onto, enjoy the ride. >> you are terrific, you did it all, thank you so much for being here, it's time to head over to cheryl who is dealing with green on the screen, it wasn't that way when we started out. >> thank you for the handoff, we'll see if we can keep the party going, the coronavirus vaccine is on the way, the uk the first in the world for the covid-19 vaccine by pfizer and the german partner biotech. the ceo confidence that supplied the life-saving drug will sees the need by the end of the next year. market making a late session run a stimulus talks are heating up, we have all the breaking news, the s&p 500 on pace for a second straight record close and the nasdaq is in the red but just
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slightly, any gain on the nasdaq with s&p into the close would be new records for both of those indexes. meanwhile salesforce the biggest drag on the dow 30, the stock tumbling more than 8.5%, slack is down more than two and a quarter percent and $28 billion deal, that is putting pressure on both stocks, we will talk about it. but one is growing and think they can help the government deliver the new vaccine for those who need it most. we will introduce you to a former sales force executive that is now the ceo of air kit. avery b hit the road as doordash prepares for the public debut. the hot unicorns should be on your christmas wish list. let's take a look at pfizer and biontech, these are two of the big stocks we've been following all week long on the vaccine news as the u.s. awaits the
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approval of the covid vaccine, earlier today u.s. officials say they do want to prove one next week and 20 million by the end of the month with an additional 30 million in january and 50 million people vaccinated in the month of february. we discussed comments from pfizer ceo that we have more vaccine that we need by the end of next year. edward lawrence with all of the latest. >> circle the date december 10, the fda meeting, there will be more than 6 million doses of the vaccine from pfizer biontech that will be on the shelf and distributed within 24 hours of the approval, that would be 24 hours after that the first people will be vaccinated. >> every day that goes by after the initial push, additional vaccines come off-the-shelf because they have been certified and approved for distribution and administration.
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>> the heads of operation warp speed say 20 million people vaccinated by the end of this month, 30 million in january, 50 million by january and march of 221,100,000,000 people will have protection from the coronavirus, robert redfield says he thinks we will be able to be under strict rules and social distance guidelines in the first and second quarter of next year, he believes we will not be back to normal, whatever that is until fall of 2021. however, school should open now because there's amount of data that shows it can be done safely and also he says lockdown should be lifted. listen to this. >> i don't think we benefit at all in our nation and controlling covid by broadly shutting down businesses. clearly if schools can learn how to do this safely and responsibly, airlines can do
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this safely and responsibly, businesses can learn how to do this safely. >> in fact he says the data will show, he believes when studies are done that kids who were in school face-to-face will have a lower positive rate of covid than kids doing 100% virtual learning because he believes there in the communities where the spread is happening and when there's at school they are in a safer environment. cheryl: that's a real win for those that say school should be open. edward lawrence, thank you very much, we appreciate it. as the vaccine start to roll out, could this cost the united states dollar to continue its weakening trend since march of 18, the u.s. dollar index has fallen 10%, right at the time investors were aggressively searching for safe assets due to the pandemic. let's bring in our traders teddy and scott bauer. do you think that we will
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continue to see dollar weakness, i know that something investors have focused on for the last two weeks and in particular with the fed and the treasury, what they're doing, should investors keep this in their playbook? >> i think so, clearly it benefits the weak u.s. dollar and certainly benefits and puts it to the back of large multi-national u.s. companies. until something changes vis-à-vis fed policy i would suspect we will live with the weak dollar, this does benefit the multinational companies like caterpillar, like nike, like john deere where they have a big percentage of their sales offshore in the case of nike may be more than 50% offshore, clearly the big u.s. company benefit from the weak dollar and of course it would negatively impact those big companies based
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outside of the u.s. that is trying to do business in the u.s. cheryl: i want to pick up on this, obviously we have the treasury and the federal reserve and jerome powell wrapping up the testimony talking about the fact that he wants to have the backstop and stimulus should be available in mnuchin being criticized for wanting to end the lending programs and the back-and-forth is over on capitol hill but what these two men and agencies do will certainly affect not just the dollar at the markets. >> sure, no doubt about it, regardless of what their talks really were this week and how they ended up, the fed is not going anywhere and we've seen rates pick up, ten year is up to .95 right now, we seen them pick up but they're still going to be stimulus, we are not in a rising interest rate environment if you will which as teddy said the dollar is going to be a benefit,
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we will continue to see the weaker dollar, in terms of the market, teddy brought up nike, i think that's a perfect example of a company that benefits from a weaker dollar, they have over 60% of the revenues come from overseas and they have operations in almost 50 countries, another company that can benefit from a weaker dollar is paypal and you wouldn't necessarily think of it but paypal almost half of the revenues are generated overseas and they are building and building in asia and other countries as well and on the flipside of that, the multinational better here at home that don't have operations overseas like healthcare companies like united healthcare that is trading at all-time highs, those of the companies that may get hurt from the weaker dollar. cheryl: let me go back to the bigger picture, as we move into 2021 you got several vaccines on the front with the approval process happening, it's up for a
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strong 2021. would you say this is the time to be cautious with your portfolio or do you say it is time to pick up things because we are going to go into an extension of the bull market well into the fall of 2021 as the economy gets back on its feet and jobs come back in the open backup. >> that's a big question, unfortunately none of us have a crystal ball but keep in mind the stock market is forward-looking, not trail, to some degree, the vaccine and perhaps other good economic news is priced into the market, we do have one political event coming in january which could be a game changer depending on how it goes, it needs to be the stock market, generally speaking i think the vaccine is clearly going to not only reinforce the world but it's also going to put the wind at the back of the u.s.
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economy and probably the world economy, we might be short-term in the stock market but with the vaccine and the fed policy that is more or less on hold at least for the next 12 - 18 months, i would say the backdrop for the stock market overall is always going to be winners and losers but the general election should be positive. cheryl: if we get another stimulus still, the breaking news on capitol hill that chuck schumer, nancy pelosi are lowering the threshold saying it's a $900 billion, not a 2 trillion, that could really kickstart negotiations. teddy weisselberg, scott bauer, thanks to both of you. salesforce is the big loser on the dow as it gets ready to write a big check for slack technology, look at salesforce, doc i more than eight half
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percent. the former salesforce insider now running his own startup backed by the software giant who complete a role in the distribution of the lifesaving covid-19 vaccine, the ceo of aero kit coming here next. look at the dow, near session highs, below 30000 but still higher by 49 points. claman countdown is coming right back. it's customized home insurance from liberty mutual! only pay for what you need. ♪ liberty. liberty. liberty. liberty. ♪
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♪. cheryl: the tech world buzzing about salesforce is $27.7 billion acquisition of slack salesforce stock is down today but they did confirm this purchase and the stock is down the most 2.5%, salesforce is down more than 8% and that is dragging on the dow. it's part of the software industry that it continues the rapid growth in our next guest helps build the foundation before branching off on his own and a foss business exclusive, ceo founder stephen. first off, what a win for mark and all of this, he really is a pioneer in sec software
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technology and distribution. you were there in the beginning, what do you make of the bill. >> good afternoon and thank you for having me. mark is a visionary and salesforce considers themselves as a system of record of customer data so adding a collaboration platform like slack you're mirroring data with communication. it's exactly the same vision that we have air kit but our vision is to merit with customer data. cheryl: what do you make of microsoft rolls in all of this, this will be serious competition for microsoft in particular microsoft teams, everyone is been staying home working from home all year, we definitely picked to we wanted to work on slacker microsoft teams, what do you think the competition will look like? >> i'm not an expert in that space but also a there is a market big enough for both players and them a very exciting time for both companies.
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cheryl: let's move to airkit. there is so much buzz in the market and there besides insults with the vaccines rolling out, obviously record after record, i went to first start with a logistical nightmare that we will have a spurs distribution, we talk about that a lot, governments are trying to get up, your company is going to get word out to those that need the vaccine, how does that work with airkit. >> and empowers companies to deliver a self-serve experience over channels like mobile, text, chat and interactive voice and you see that with the uk government, were entering a very exciting and promising next stage in the bow against covid, new vaccines coming from pfizer in moderna. however, there is a monumental challenge about to happen with the management of the distribution of a two-step vaccine process to 60 - 70% of the population so i really see
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three key challenges. one is a massive communication to hundreds of millions of people. two is a nation and tracking of these people through a two-step vaccine process in the third is monitoring the results in flagging any adverse reactions. i would say this is an unprecedented effort and mass communication data gathering which is actually these technologies are positioned to solve. cheryl: will you work with the healthcare system, will you work with governments, who is your partner going to be in this. >> we will continue to work with state and local governments and pharmacies. they are being tasked to deliver these vaccines. cheryl: what i thought was interesting you say were hipaa compliant and were secure platform, you're able to reach out to the most at-risk individuals by phone because you have access to the health record, is that correct you can encourage them to get vaccinated? >> that is, we are hipaa compliant and a secure platform,
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we can smartly communicate with patients across any channel they prefer, voice, text, chat and then we will cordoning this process with them. cheryl: i want to get your reaction to the comments from pfizer ceo saying that we will have more than enough vaccine, too much vaccines by the end of 2021, i'm assuming he's speaking globally but his comments were crossing the wires. what you make of that and what does that mean for you for someone who is definitely diving into the platform over the next year. >> it is one thing to have a vaccine and another thing to coordinate and distribute to hundreds of millions of people. i see the next big challenge is getting administered to each person in need, that's a very exciting challenge ahead of us in technology is a unique position to work with the public sector to solve this problem in an expedited way. cheryl: what would air kids next step once we get separation of
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the vaccine. >> we continue to work with covid related proposals in the healthcare space and were currently working with consulting firms to accelerate digital solutions and the market today. cheryl: stephen is certainly an exciting time for what your company does and a lot of folks are in need and probably need to get that vaccine in the near future. thank you very much for being here, we appreciate it. >> thank you very much. cheryl: america's restaurants are fighting for their lives as the pandemic closes more doors. some are demanding more from action as congress fills with new stimulus proposals, we will go to brooklyn to figure out what they want. taking a look at the markets as we move to the final bell of the day, it's always the final bell of the day. we have 40 minutes to go, the dow was up by 51, s&p up before, the nasdaq in the red by 13, we
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cheryl: fox business alert, pal and tear is getting clogged, morgan stanley turning barash that serves multiple government agencies unconcerned over the peter founded company massive run-up since a public debut back in september 30, the stock is down almost 13%, food btv putting their chips on sports trading, announcing will buy online sports betting tool ball toasasyou can see the stock is e than 1%. blackberry having a sweet day, the one time mobilephone giants
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continuing to shed the ghost of the past through a new partnership with amazon that will develop a cloud computing platform for cars and trucks, blackberry hitting the highest point in two years earlier today, remember when you had a blackberry, i remember that. it's up to and accorded percent, amazon down a half 8%. as you can see reportedly with amazon eyeing a deal to buy podcast wonder that's part of a reason you see pressure on amazon in the force is not with hasbro, pmo downgrading as a toymaker to market perform despite the strong start to the holiday season of the value potential is already topped out near-term, hasbro is down more than 2.5% right now. we have some breaking news, house speaker nancy pelosi and senate minority leader chuck schumer are urging the republican counterparts again with negotiations over 900 billion a dollar coronavirus aid and attempt to break a logjam between all of the parties, this is not going to
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help today anyway the restaurant industry, they are clinging by their fingernails for survival as a pandemic has wiped out a massive amount of restaurant businesses, 100,000 over the course of the pandemic. kristina partsinevelos spoke to some restaurant owners who are not happy with the stalemate in washington, she is live in new york city, i thought she went to brooklyn because it's fun out there but you're in new york. what you know. it. >> i did go to brooklyn, we hit three different locations, it's about 43 degrees and hasn't changed much, it is chilly but what we saw in three locations now in flat iron, outdoor dining completely empty, nobody in dining, the cold days are here and that's going to be detrimental to outdoor dining and restaurants are struggling to whether the pandemic, your cost, you have closures, the fact that cities are putting 10:00 p.m. curfews and overall
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the issue, the major issues for the restaurant owners is a lack of direct federal aid, we know yesterday a group of bipartisan legislators unveiled a 908 billion-dollar package but the issue with the package coming from the cofounder and several other business owners, the issue this package did not have any direct relief for the service industry, listen to what they had to say. >> covid-19 has kneecap this in a way that is unprecedented in the only way forward for our restaurants and every other independent restaurant is to have targeted relief. >> i don't understand how people can hear it that we contribute billions of dollars to the gdp, it will help the country to help us. >> that was an example of two business owners from today but
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you have over 100,000 restaurants that are closed across the country since the pandemic that according to the national restaurant association and unfortunately their survey says roughly 40% of the restaurants may not be able to survive in the next 5 - 6 months because if they don't get the direct federal relief they don't feel like the be able to continue it's a tough predicament and a lot of empty seats. cheryl: i have seen that throughout new york city, people don't want to sit outside in the cold. i applaud our restaurants in the city for trying to make the beautiful street concoctions that they are building. thank you very much. cheryl: workforce left today the electric truc truck maker sales falling 20% after the u.s. postal service said it would delay 6 billion-dollar contract with the company, it ordered 50 electric trucks with an option
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cheryl: ups telling some of the biggest names in retail it has no more room for their stuff as a rush of online shopping holiday demands put the crunch on their delivery networks, the shipping giant not only putting capacity limits on nike and gap they instructed drivers to stop
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picking up packages and other big names like macy's, l.l. bean and hot topic. if packages get there on time it will be a happy holiday for some people depended on where you shop if ups decides to deliver your package. the moment of a record year of public offerings is upon us, airbnb kicking off the roadshow today, reports are the rental startup plans to raise 2.7 by billion dollars the evaluation is $35 billion, food delivery app doordash is looking to raise up to $2.8 billion in evaluation of $32 billion. let's bring in thomas georgia helps investors dodge the millennial stock, it is great to have you here, i want to start with doordash, you have uber eats, grab hub and postmates but are we at the peak of the delivery game?
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were going to come out of this pandemic hopefully in 2021. >> from our perspective i think you're right, peak growth, i don't doubt that you are an aggregate going to continue take market share. but tell me any functional difference between any of these companies and these businesses very low, you know the way that they gain market share, that does not sound like a good business to me. >> that is interesting, you say your bearish but at the same time what you make of the evaluation for the ipo, is this the investment banking community pushing us there? what do you say. >> i think so, what they're trying to do for the company would make sense, this is the best year you have year-over-year growth, bringing out the multiple is aggressive for what it is it's going to come at a premium to burrito in
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a premium to grab hub and from our perspective i do not see their when we go into next year all of these companies are going to have the same amount of growth in the same gross margin in terms of differentiation i don't see any this is to commoditize vertical. cheryl: let's talk about airbnb. they have a lot of fights with different cities throughout the country around the world frankly, some people just don't want airbnb in their city, new york is one prime example but you like this ipo but people are not traveling right now, why do you like airbnb. >> all of the same reasons i did not like doordash, in terms of growth for doordash you are getting a flipside as a buyer of an ipo and getting the exact opposite, were coming off a covid-19 so obviously it's been a slow year but what is interesting for airbnb we love the model, they revolutionize traveling, it is boutique
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traveling in the experience driven, it is just different, and in your little box, it is different but when you look at september their sales are only down 20% year-over-year, it is spectacular so people have been traveling locally and pivot so well, we think 2021 is good to be a huge year for these guys. cheryl: your exposure for the coronavirus is limited in airbnb versus the hotel where you're around a bunch of other travelers. let's take a look at the other stocks you like and don't like, i know you pushed hard into the psychedelic base, that's been a hot one for you, you also like pingree. >> we think it's one of the most legitimate plays on trading depression which is an epidemic problem in america, and penn gaming we think is a ope great n up trade, he does one of the
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best spokes person, we just think pingree is going to boston to the sports betting business and do it in a meaningful way, were excited over the next couple of years. cheryl: obviously the plant-based phenomenon continues. one of the things you don't like is in the cannabis base, talk about that. >> will tell you what i do like in the cannabis base, u.s. cannabis, what we don't like is what is considered cannabis 1.0 a field experiment in canada when you think about a can it be growth, these stocks are just dead on arrival every day, they're just troubled broken names that don't grow good pot. cheryl: said she have your finger on the polls for this i want to ask about the stay-at-home stocks. the big? the huge evaluations and run ups
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for resume, peloton, you name it but the? how are behaviors going to be post pandemic and who's going to win and who's going to lose. from a younger perspective what would you say, does the younger generation want to stay home and work from home, do they want a social life? >> it's a good group question. i think you put your top performers -- your back in 19 back five, volunteering, go. i think that roald is done, i think a flexible workspace is correct and people will be a lot more dynamic when they think about work, why not go to an off-site for three days, creativity is going to be the most important factor going forward. cheryl: now were seen everybody with virtual backgrounds, they can be anywhere and it looks like there at the office. i want to ask you about tesla entering the s&p 500, there's a
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lot of talk about market disruption when tesla enters the index because a furious amount of trades which will probably happen december 18. talk about that before we go. >> it beat the stock, is one that we can't get in front of and can't get behind it and were definitely not going to stand in front of it. it's a freight train and from our perspective there's way better ways to play it, the broader trend it's been a complete rocketship this year but we think electric metals are far better place, those are the types of names that we think all of this stuff will be bottlenecked. cheryl: it will be interesting, thank you for being here, we level the perspective have a good one. let's move to something more traditional, let's talk about airplanes, boeing 737 max back in action, we have the first view of the first flight plus charlie breaks it, the dow is
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back a little bit, were at 57, session highs, 29881, looking for new record on the s&p as well. we'll be right back. ♪ why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila! maybe a couple throw pillows would help. get a strategy gut check from our trade desk. ♪ - any idea how much it will cost? - [doctor] i recommend goodrx.
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cheryl: boeing taking flight and not just in the market the jet maker grounded 737 max taking back to the skies with a test light for the media, reporters on board the first outsiders beyond the company and the faa to ride the jet since march of 2019, today's flight coming on the hills that european budget air service ryanair is ordering up to 75 additional 737 max jets now that is being put back into
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service, the longtime coming for this, look at boeing up more than five and a quarter percent, ryanair up more than 1%. right now we have a lot of people to have george on their minds, dry really need to say more, but spring in charlie gasparino, the amount of money being poured in to these races is mind-boggling. >> that's easy georgia with my mind, from what i understand it is approaching $300 million and here's a dangerous thing, how i got onto this, i have sources that are businessman from out of state, not out of state from georgia but texas in different places and you probably know who they are, they are getting bombarded with request to give money to both kelly loeffler and to purdue, the republican fundraising machine is cranking up and if you're down there it's
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every minute of the day, there is every ad and most coming from republicans, republicans and far out reason the democrats and were talking the combined total $300 million, i think it's a 3 g but i'm hearing numbers like that, you have to ask yourself why are they doing this, what i'm getting from my sources, republicans are legitimately worried about a depressed voter turnout and president trump's claims that there is fraud in the election and everything is rigged that people are just going to stay home, gop voters, what they're trying to do is counteract that and turn on and flood the zone with ads, also they have donald trump coming down and the president going down to georgia this weekend, saturday to personally campaign for your kelly loeffler and
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david perdue. we should point out if you look at the raw numbers, purdue almost got 50% so you would think you would be an easy win over his democratic challenger, kelly loeffler got forced in a run off but there was another conservative in the race, it was split two ways and if you have them both together, i think she would win that as well against warnock. but if you don't turn out the vote, that's what gop operatives are worrying about, the vote stays home because they think the election is rigged, it does not matter because were talking about big margins on both cases. and yes why is this a business tree, businessman in new york and dallas and everywhere i know, although my sources are getting hit up, if you ever gave a dime to a republican candidate, you are getting three e-mails a day from kelly
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loeffler and the campaign and david produce campaign essentially to give money, that is how crazy. cheryl: i saw an estimate that is warning when this is said and done in georgia at half a billion dollars will have been spent. that's incredible. >> that's the rate, half a billion dollars i reported that in the past. now the republicans are getting worried, we will see president trump goes down there and changes his tune, they can probably pull it off but that is why the ads in the money people are knocking on doors left and right, there is mone worry about turnout. cheryl: we love gridlock. cheryl: charlie gasparino, thank you. forget the work from home boom,
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the countdown closer have the stocks to bank on two booster portfolio. take a look at the dow right now we are pushing session highs, up 74 points in the s&p is looking strong, we have 11 minutes to go. we'll be right back. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. (teen) ♪ mom... it happened again. (vo) add some thrill to your wish list. at the season of audi sales event.
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. . cheryl: closing bell rings in seven minutes. the s&p 500 is set for a second straight record close. we're up five points. we have to hang on for seven more minutes. nasdaq could pull out another record. we're eight points down right now. anything can change as you know. the dow is up by 41. cloud based data warehouse snowflake slipping 4% ahead of first quarterly report. that will be after the bell. lauren simonetti, investors could feel a little bit of a chill. lauren: i know. this is a huge report. this is the first one nor
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snowflake. remember the ipo, november 16th? it was biggest ipo share offering. at the end of the day they closed at $254. since then the stock has gone higher and higher, topping out at $342. how will this data cloud warehouse justify its 80 billion-dollar valuation when revenue is expected to trail to $741 million? they're light years away from those two numbers. snowflake expected to report a loss of 26 cents a share. investors key into two main items moments from now. the first is retention rate. does it stay around 150% that would continue. the growth story that so many investor believe in in snowflake. also number of customers. it stood at about 3100 over the summer, double the prior year. we'll see what it is now. with a lot of customers, a solid platform, good retention rate, this is a strong tech stock
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going forward. cheryl: could be a buy demending on what numbers tell us after the bell. lauren, good to see you. lauren: you too? cheryl: miss you. look at this, december is off to a mixed start after a record november. where do you take your portfolio from here? let's bring in courtney dominguez, payne capital management wealth advisor. good to see you. >> thank you for having me. cheryl: interesting time. huge run up in in the market last six months. looks like a strong recovery, strong gdp, strong 2021 with vaccines being rolled out. what are you telling your clients right now? >> it is interesting when you look at it up until the last couple weeks it has been just a few names, things like apple, google, microsoft, amazon, leading this rally. but we need to stop thinking about all the work from home stocks, when the economy will look like when it reopens. we started a inkling. more old school names.
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more typical companies, might be a really good option here. for example, we're looking at value companies, banks are a good example, where they pay really good dividends, undervalued compared to the rest of the economy. regional banks are interesting play. especially coming out of recession, very realistic, a lot of acquisitions. banks scooped up so really good play right now. cheryl: good point about the banks. those companies we look off in first quarter. 2021 expectations after 22% rebound in earnings. we're looking, comes from you, 4% gdp that means the bull market is going to continue. i like printing traditional names on your chalk board right now. >> that is exactly right. you need some hit hard and haven't seen a lot of a rebound yet. you want to see investors grab on idea we'll see all the big year ahead of us in 2021, 2022,
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see a real good year in the markets. investors dumped $330 billion in the stock market last week. that is on top of 50 billion week before. there is trillion dollars in cash. there is lot of room to grow. a lot of money could make its way into the stock market. you want to make sure you take advantage when that happens. cheryl: brought up banks, especially regional banks. what about value plays? looks like what is old is new again. stay-at-home stocks, zooms, pellatons. maybe now we go more traditional? >> really good way of playing that, i talked to a lot of my investors, rather than trying to pick which companies benefit the most you can buy a really broad index that will own all the value companies. for example, vanguard value index, big value companies. vanguard mid-sized exchange traded fund.
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that owns regional banks for example. things like energy and other value companies there. it is a way to get well-diversified, dividend-paying stocks. cheryl: glad you brought up energy. want to look at that, pick up on the theme there, is concern with the incoming administration, with president-elect joe biden. he will be tough on energy, that will pull back and that will have a rough road in 2021, what do you say? >> definitely something we need to keep our eye on. realistically, covid will take priority with a new administration. so i would be surprised if they immediately go to energy. there are probably still some headway to go there. that is a concern. definitely something we don't want to ignore. cheryl: what about all the vaccine makers and talked so much about pfizer, moderna, astrazeneca another big player in all of this, pfizer ceo came out couple hours ago we'll have more vaccine than we need by the end of 2021?
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>> that news is exactly what we need to get people optimistic, put cash to work, to open the economy back up. just the news we have had, reaction in the stock market is inkling of what we can see as things we see as vaccine gets out there, businesses get open again. there will be a whirlwind of positive news to come. i hope we continue to hear exactly that. cheryl: a minute left on the show. i want to get to stimulus. we're heating up on capitol hill. we're talking about potentially a 900 billion-dollar stimulus package. it isn't what they wanted with two trillion on the democratic side. something is better than nothing especially for airlines. courtney, one of your final thoughts. >> exactly. airlines are one of the big beneficiaries. they still need it. they are one of the industries that have been hit real hard. i think seeing stimulus beginning of year, because unemployment benefits will expire at the end of the year.
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agree with you. airlines will be bun ever big beneficiaries. cheryl: more news in the morning initial claims coming out in the morning. [closing bell rings] looks like we are going to get, i don't want to jinx it, six points up on s&p. another record close there. connell mcshane. take it away, sir. connell: looks like we are. we had a fight all day long to stay in record territory, cheryl, up and down all day on wall street. any gain at all for the s&p 500 would mark a record close. looks like we have any gain at all, up six 1/2 points. second record in a row. nasdaq falling slightly from the record close in the books yesterday. dow struggling off early losses ended up on the day by 61 points. that is where we stand. i'm connell mcshane. this is "after the bell." time for the news that is happening at this h

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