. ♪ >>> thank you, scott welcome, everybody, to "the exchange i'm tyler mathisen in for kelly evans onhis wednesday before christmas. here's what's ahead. what's the deal with stimulus in the president calling on congress to change the bill. the hard fought bill, but markets seemingly unfazed by another chapter in the d.c. drama. the latest drama for you there, plus the winners on this stimulus bill such that they can be counted including one stock up more than 200% this year. the name and what could catapult it even higher and a push to unionize amazon workers, a warehouse gold rush and high scores for gaming stocks in 2020 that is all ahead in our rapid fire segment, but we begin with the markets and dom chu with the numbers, green numbers today >> high scores for a lot of parts of the markets, not just the gaming stocks. a 250-point gains nearly for the dow jones industrial average, almost 1% at this point here 3708 the level for the s&p 500 that represents a half a percent. still though a very, very decent gain on today and the nasdaq composite lagging, only up about .2 of 1% where

along with kelly evans, i'm tyl tyler mathisen the dow down about 200 points as we await details aboutnot there is a deal for more stimulus we may get word this hour or some word from speak

along with kelly evans, i'm tyler mathisen stocks are near the session lows, red numbers, after hittingarning out about some of the biggest winners this year, and that is certainly contributing to the numbers you see right there. dashing higher, dasher, prancer, doordash, trading at $177 a share. we'll have more on that and the big year for ipos coming up. and we are watching shares of fireeye, the cyber security firm that companies turn to for protection, becoming victims of a state-sponsored hack we've got those details at "power lunch" starts right now

time for a cdc news update with tyler mathisen. >> wilf, thank you very much here's what is happeningthis hour georgia has recertified its election results after completing a third recount of the state's ballots. the secretary of state, brad raffensperger says there is no doubt president-elect biden won georgia. >> okay. good morning glad you are here. >> well, the virginia military -- we thought we were going to hear something from brad but guess not vmi, virginia military institute removed a statue of the confederate stonewall jackson, the board voted to remove the statue in october after accusations of racism on campus. >>> boris johnson says he will go to brussels in a last-ditch attempt to secure a brexit deal with the european union. significant decisions remain after they made little progress over the weekend that folks is our cnbc news update for this hour. >> tyler mathisen, thanks. >>> coming up, activists are going after he cannon mobile urging the company to focus on clean energy we will talk to christopher aleman of calstrs about why the pension fund is supporting this ef

goldman sachs thinking moving operations to florida i'll join tyler mathisen after this quick break > everybody. along with kelly,i] i'm tyler o mathisen nasdaq in the green despite an all-time high. we will tellw you what ceos are saying about theq recovery.t banks continue to lag but a top analyst says the tech boom will drive gains in the financial center and he'll be here to lay out hi

welcome to "the exchange in for kelly evans, i'm tyler mathisen a tug-of-war between virus worries andirus relief a new covid-19 variant abroad and stocks are making a comeback with the dow now surging ever so slightly into positive

along with kelly evans, i'm tyl tyler mathisen the dow down about 200 points as we await details about whether or not there is a deal for more stimulus we may get word this hour or some word from speaker pelosi, and tell la will be added to the s&p 500. we'll tell you what the industry refresh means for the market and tesla, as you see it up $19. >>> "power lunch" starts right now. >>> and markets are lower across the board right now and action is really set to pick up this afternoon as a major rebalancing occurs, highlighted by tesla joining the s&p. let's go right to bob pisani for more on that bob? >> kelly, we're near the lows for the day and the problem here is stimulus. stimulus right now at the end of the year is the marginal mover of the market. when you hear talks about additional problems or whether or not you want programs with the federal reserve in or out at this late hour, people tend to move back a little if you take a look at the s&p as we've heard through the morning of hitches and difficulties, the market had a lot of difficulty moving forward but we're up 1% for the

along with kelly evans, i'm tyler mathisen all of the major averages on track for their worst week since october. and while we await fda approval of pfizer's covid vaccine after the fda committee recommended the approval, we will talk to one of the doctors who voted yes, dr. paul offit, just a minute away. and as congress struggles to get a relief deal done, is the standstill putting the record rally at risk? "power lunch" begins right now >>> thank you, ty. welcome to "power lunch. we're watching shares of disney up 15% today it's inning vestor laid out plans for domination on the streaming front. it's also a big week for ipos, with airbnb up and doordash still up more than 65% from its ipo price of 102 and we're waiting pfizer and biontech let's get to meg tirrell for more on that story hi, meg. >> hi, kelly while we are expecting the fda to issue emergency use authorization, really at any point now after this positive vote from its advisory committee last night, here's the timeline of what we're looking for in the coming days. so the fda is working now essentially on that emergency us

. >>> and thank you, my end from i'm tyler mathisen in today for kelly evans, and here is what we havedone. the vaccine being distributed, but the virus still dealing a blow to consumer confidence. stocks looking for direction today and we look ahead to what could be the next catalysts for the markets in 2021. plus, existing home sales drop for the first time in six months, but don't get too worried.

welcome to "the exchange in for kelly evans, i'm tyler mathisen a tug-of-war between virus worries and virus relief a new covid-19 variant abroad and stocks are making a comeback with the dow now surging ever so slightly into positive territory. it happened just moments ago the question is where do we go from here? plus, a closer look at what's in that latest round of stimulus. how quickly people in businesses could see relief, and what it may mean for the recovery. >>> and from beaker to bulk production, we check in with one company that makes components for the vaccine on how that rollout is going can they keep pace with demand we begin though today with the markets and mr. santoli. mike >> reporter: tyler, thank you very much. been dip buying active since the open really a modest decline in the s&p right now, a little more than half a percent. the low in the morning was about 36.36 so in the morning we swept away most of december's gains. back to late november levels here we are the dow a little bit green. check out the dow futures overnight. we did have that selloff originating in

along with kelly evans, i'm tyler mathisen stocks are near the session lows, red numbers, after hitting record highs jpmorgan has a warning out about some of the biggest winners this year, and that is certainly contributing to the numbers you see right there. dashing higher, dasher, prancer, doordash, trading at $177 a share. we'll have more on that and the big year for ipos coming up. and we are watching shares of fireeye, the cyber security firm that companies turn to for protection, becoming victims of a state-sponsored hack we've got those details at "power lunch" starts right now >>> thank you. welcome to "power lunch. today is all when the ipos a huge end to be a huge year bob pisani, and leslie picker is looking inside doordash. softbank may be taking itself private. deirdre bosa is on that story. bob, let's start with you. >> i think the important thing -- by the way, just on the markets. we're sort of losing steam ever since doordash went public. semiconductors have been weak. it's been an amazing day for -- there's the s&p sitting at the lows of the day. an amazing day just ov

i'll join tyler mathisen after this quick break phones on us when you buy one.tch. plus select unlimited plans include disney+, hulu, and espn+. 100% obsessed with "the mandalorian." i watch a lot of sports. it has all my favorite shows. and right now the best in gaming is also on us. it's like a gift on top of another gift. gifts keep coming at you. everywhere. this is 5g from america's most reliable network. everybody's problem. and that's why we created rapunzl. the rapunzl app was designed for high school and college students to simulate stock portfolios. they're able to buy and sell stocks in real time. thanks to nasdaq's cloud data solution. if somebody tells you just download this app and you could potentially win a scholarship, and you're learning, it's like, yeah. information is key. having access to information at your fingertips on your mobile phone, on your desktop, or here on the screens, it really allows us to showcase what's happening out there. and so we pitched the idea of: why don't we host an investment competition on this newly built rapunzl

along with rahel solomon, i'm tyler mathisen stocks are in rally mode the russell and nasdaq hitting record highs jumping on the last full day of trading before the holidays. there is a new fear. investors are putting on their radars ahead of the new year we will explain what it is >>> plus, where's the relief the future of the stimulus bill hanging in the balance, and even when it's done, it might not be enough as 500,000 americans file jobless claims before christmas. >>> an electric shock as the ev craze on wall street heats up. nikola just lost a customer and shares are down double digits. we have all the details as "power lunch" starts right now >>> thank you, tyler welcome to "power lunch. i'm rahel solomon. let's start with the russell 2000 at a record high. outperforming all the major averages today in the past month, up more than 10% while the s&p is up 4% plus, take a look at the stocks leading the dow so far in december disney the big winner, up 18% as analysts catch the rally peloton a flurry of pride upgrades as the stock continues to soar. it's near record highs up 740%

we'll talk gaming to lockdown orders to ipo rumors i'll join tyler mathisen after this quick break ♪r to the twins. change in plans. at fidelity, a change in plans is always part of the plan. new projects means you need to hire.gers. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a short list of quality candidates from our resume database. claim your seventy five dollar credit, when you post your first job at indeed.com/home. >>> good afternoon, everyone welcome to "power lunch. stocks are at record highs the s&p 500 is now up nearly 70% from its march lows. is this market now showing science of froth speaking of froth, how about tesla out with a $5 billion stock offering to take advantage of its soaring shares. that its third move to raise capital this year. and another soaring electric vehicle play is blin

. >>> and thank you, my end from i'm tyler mathisen in today for kelly evans, and here is what we have for you on "the exchange. stimulus done. the vaccine being distributed, but the virus still dealing a blow to consumer confidence. stocks looking for direction today and we look ahead to what could be the next catalysts for the markets in 2021. plus, existing home sales drop for the first time in six months, but don't get too worried. what is the red hot housing market showing a little crack or two? >>> plus, apple wants to make cars, peloton's big purchase and lululemon wants namaste-powering overseas that's good. that's all coming up in "rapid fire." n ha maste, mr. pisani, as we start with the markets. >> i'm sitting here cross-legged on the floor, as always. let's take a look at the markets. a bit on the flat side we've got a couple of problems we were weak going into the european close around 11:30 eastern time we've recovered a little bit, but the two problems are very simple the covid winter is starting to weigh on sentiment overall and the new covid strain over in the uk, can'

i'll join tyler mathisen after this quick break this is the new iphone 12 pro with 5g!etwork. now, new and existing customers can get our best deal. really?! mom! at&t has the deal for new and existing customers! i will. so what'd she say? wrong person. it's a guy named carl. but he's very excited and on his way. word-of-mouth advertising. it's what they did before commercials. it's not complicated. everyone gets our best deal, like the amazing iphone 12 mini on us. ...i was just fighting an uphill battle in my career. so when i heard about the applied digital skills courses, i'm thinking i can become more marketable. you don't need to be a computer expert to be great at this. these are skills lots of people can learn. i feel hopeful about the future now. ♪ . >>> good afternoon, everyone welcome to "power lunch. stocks are off the highs of the session after a stimulus deal with bipartisan support pushed both the s&p and the nasdaq to record highs earlier today and the dow just below 30,00

. ♪ >>> thank you, scott welcome, everybody, to "the exchange i'm tyler mathisen in for kelly evans onbefore christmas. here's what's ahead. what's the deal with stimulus in the president calling on congress to change the bill. the hard fought bill, but markets seemingly unfazed by another chapter in the d.c. drama. the latest drama for you there, plus the winners on this stimulus bill such that they can be counted including one stock up more than 200% this year. the name and what could catapult it even higher and a push to unionize amazon workers, a warehouse gold rush and high scores for gaming stocks i

i'm tyler mathisen let's start you off with a check of the markets as we await the final decision offrom the federal reserve in what has been, by all measures, an historic year stocks are hovering near record highs. the nasdaq hitting one today and the russell turning slightly light per mona is senior investment strategy with alio in and john bellows from western asset management david kelley is the chief global strategist at jpmorgan asset management a lot of asset managers here, so let's talk about what the fed may do david, i don't expect you expect them to say anything other than rather dovish, benign things, but the more benign they speak and the more benign they act, what are they setting us up in the future >> i think event lip there's going to be a tightening here. i think for the moment the fed's going to express concern about the worsening pandemic, that vaccines express optism they'll get us out of it but in their view, they don't have to rush this yes, eventually there will be problems down the road but as far as the pandemic is raging they'll keep monetary policy as easy

. >>> welcome back time now for a cnbc news update with tyler mathisen. tyler?very much here is your cnbc news update at this hour. there are now reports the nation's nuclear weapons agency was hacked in the cyber attacks that targeted federal, state, and private computer systems the u.s. cyber security agency is warning of quote grave threats from those attacks. >>> in kansas, a black former police detective is suing a kansas sheriff's department for running him over with his truck in order to arrest him the dash cam video of the incident can be disturbing as you will see. lionel womack says he ran from a traffic stop when more police vehicles showed up and surrounded his car. >>> in ohio the winter storm has trucks line up outside a u.s. postal service distribution center even before the heavy snow some ohio residents say mail and packages were taking much p.o. longer to deliver. >>> in britain, trucks queued up for miles to get across the english channel. look at that the lines have gotten longer as prospects dimmed for a direction it trade deal that is a tra

along with kelly,i] i'm tyler o mathisen nasdaq in the green despite an all-time high. we will tellw you what ceos are saying about theq recovery.t banks continue to lag but a top analyst says the tech boom will drive gains in the financial center and he'll be here to lay out his top pick.e airbnb expected to go public this week. analysts saying it will surprise above its target despite all the headj winds the travel industry is facing. we'll explaint(iwhy ase xdp lunch" starts right now. >> thank you, ty the dow pullingqback but still above 30,000 only six dow stocks are higher right now.teq apple is one of fthem >> the dow industrialso so far today as well as theee nasdaqe pos t -- composite and russell 2000 each have hit a record high intra day despite the fact the the dow is lagging, only up 5% and 13% gains over here for the overall index for the russell 2000 look at other parts of the market we're also watching as well look at the semiconductor. dz"é)cord highsf pushing the semiconductors, possibly a leading indicators for the rest of the markets

i'm see you after this short break with tile tyler mats -- mathisen for power lunch re all, you're allong as i got you then baby ♪ ♪ you know that you've got me, oh! yea...♪ ♪ ♪ you know that you've got me, oh! yea...♪ hey! yeah!? i switched to geico and got more! more savings on car insurance!? they helped with homeowners, too! ok! plus motorcycle, boat and rv insurance! geico's got you covered! like a blanket! houston? you seeing this? geico. expect great savings and a whole lot more. >>> good afternoon, everyone welco welcome to "power lunch. glad you could join us on this wintry friday. the stocks are down, nasdaq russell are at record highs as investors shrug off a weak jobs report and wait for more stimulus out of washington plus let's talk a little bit about disney's record run, the