luck. >> thank you so much >> thank you >>> and folks, just about in an hour from now, don't miss warren buffetoining us to continue the conversation about the state of small business in america. >>> and in addition, to buffet and solomon, we have more big guests coming up, including microsoft president brad smith with green bay packers president mark murphy. also slack ceo swatert butterfield all on the docket this morning we're coming right back. >>> the u.s. vaccination program against covid-19 kicking into high gear as more locations get their hands on the breakthrough treatment. we are expecting news from moderna on their vaccine sometime today we have the details straight ahead. >>> futures this morning pointing to a higher open on wall street after yesterday's rally sputtered out. we've got what you need to watch in today's session that's coming up. >>> plus, small businesses struggling to survive. warren buffet and goldman sachs ceo david solomon, join us to discuss. the second hour of "squawk box" begins right now ♪ >>> good morning, welcome back to "squawk box" right here on cnbc i'm

. >> welcome back to this bonus hour our next question is about a 2020 ipo that counts warren buffetoney" this is mark from hawaii i want your opinion on snowflake. is it worth getting in now or wait a little longer thanks >> before we answer mark we want to bring in leslie picker who has more on where else smart money went in 2020 >> stock picking hedge funds found solace in stellar returns this year on average they beat the s&p. energy, health care, and technology focused funds all on pace to generate alpha for 2020. what were the stocks that got them there for that we turn to goldman sachs' very important positions for the stocks that appear most frequently among the largest positions for hedge funds. over nine consecutive quarters the same top five stocks have reigned supreme. these are amazon, facebook, microsoft, alibaba and google's parent company alphabet. more recently hedge funds have been reducing ownership of amazon and bumped tesla off the top 50 list. some recentipos have also caught attention of the so-called smart money. warren buffet took a massive stake in snowflake

they stole from these young people they're the ones that are going to be at this poker table that warren buffet talks about and the ties going to go out and they're going to be the ones with no shorts right you know that's why i called the coin a vector because it escapes the turning force turning it's a vector out of the fatalistic pessimism toward relentless optimism and i'm relentlessly optimistic we're going to be back after this break so don't go away more new year's eve special back to stacey coming your way. every year with great pleasure to be answered questions from our viewers and this year is no different as usual your questions focus on future post believe it my panel and. americans of. this was a fundamental part of how our political leadership and our country at large understood the bargain you get a hope and then you know rebel right as the things you don't revolt if you have a stake in the system. and think about the longer deeper history housings men in the united states not just that question of the american dream but the bigger question of who the dream is and for . an entire

they stole from these young people they're the ones that are going to be at this poker table that warren buffet talks about and the ties going to go out and they're going to be the ones with no shorts right you know that's why i call the coin a vector because it escapes the turning the force turning it's a vector out of the fatalistic pessimism toward relentless optimism and i'm relentlessly optimistic we're going to be back after this break so don't go away more new year's eve special back to stacey coming your way. to. join me every thursday on the alex i'm with you and i'll be speaking to a few of the world of politics for christmas i'm show business i'll see you. this post is nothing like football. that's not a money spinner but it is expensive. mandates dangerous. this is my speed. and they have no brakes that's an. insult to the talent some. claim. thank you max kaiser welcome back to new year's eve special max the stacy kaiser report relentlessly optimistic 2021 it's all happening on the vector toward the quadrant of bitcoin inevitability station right you know i do want to say that i ha

they stole from these young people they're the ones that are going to be at this poker table that warren buffet talks about and the ties are going to go out and they're going to be the ones with no shorts you know that's why i called decline a vector because it escapes the turning the force turning it's a vector out of the fatalistic pessimism toward relentless optimism and i'm relentlessly optimistic we're going to be back after this break so don't go away more new year's eve special back to stacy coming your way. to. the mysterious religious group. this. is weapon of mass communication is spirit. and open to use. devices. contaminated conjured to use on you tube affect your. views dodged the question. is related to. the media. to cover it it is safe. to get exposed. actually active waves deacon's i mean if you. use. everything to. her daughter you can defend yourself enjoy your. good in addition. to expect. there to be just. americans love buying homes. this was a fundamental part of how our political leadership and our country at large understood the bargain you get a hope and then you know

they stole from these young people they're the ones that are going to be at this poker table that warren buffet talks about and the ties are going to go out and they're going to be the ones with no shorts you know that's why i called the coin a vector because it escapes the turning force turning it's a vector out of the fatalistic pessimism toward relentless optimism and i'm relentlessly optimistic we're going to be back after this break so don't go away more new year's eve special about stacy coming your way. an entire village in alaska. if another country threaten the white vote in america . we do everything in our power to protect. want to various creeping. climate change poses the same threat right now alaska has seen some of the finest of coastal. in the woods we lost about 35 feet. 35 feet of ground in just about 3 months while we were measuring. his bass and that means the river is 35 closer in town than was more i think were part of the 1st from. israel media a reflection of reality. in a world transformed. what will make you feel safe from. isolation for community. are you going the ri

for warren >> warren buffet at this point does not own any shares in goldman sachs. sachs, but he has long been a fan of the goldman sachs 10,000. >> i'm your boss, you're going on "squawk box" with me. >> not at all. he's long been a proponent of the 10,000 small businesses program. he has gone to a lot of graduations and i think he participated in one virtually just in the last month, and he's just a big fan of small businesses, as is david solomon, as is goldman sachs and the big business leaders see the real need for small businesses right now. >> i think it's the beginning of a beautiful friendship with david solomon. that's great, 8:00 a.m. on tuesday. we'll look forward to that, thanks. >>> coming up and more, what we should think about markets, the stock market itself, with those two ipos we saw in the same week, both of them basically doubling on the first day of trading. we're talking about that, joined by nyse president stacey cunningham at cinup next. stay tuned, you're watching "squawk box" on cnbc sometimes, you want speedy but reliable. state-of-the-ar

great and therefore it would ever he wants let's give him money let's give him some billions no warren buffet's been bailed out by the government at least 3 times in a major way and he can argue it more than 3 times and if you take away the previously up until recently illegal activity of stock buybacks and you took away the bailout money his performance over the past 30 years will not be compound in money at 20 percent but it would be compound in money last closer to 2 percent so not that much different than a money market fund so he's a parasite essentially he's a leech he just lobbies the government to send him free money and then he holds that out he puts people on rationing money to escape his conglomerate and he claims that this is somehow that in value to the economy a stock it's a leech is to economically just drawing the economy so now he's arguing for another bailout of course he lives on bailouts he can't make he's not a guy you can go mosque and create an industry he's never created a single thing in his life he's a complete dullard and he needs another bailout i think we should cut

warren buffet from berkshire hathaway, and goldman sacs ceo, the conversation we'll be having tomorroweastern time. guys, this is a big issue. these two have been very involved in the goldman sacs 10,000 small businesses program. it's a program designed to help entrepreneurs and business owners really get their legs under them and provide support, everything from capital to education. and we'll be talking with them about that program, and what they're hearing back from those small business owners right now, who are all under a lot of pressure because of what we have seen with the pandemic because of covid, and they're looking to washington for help, and hoping americans will help them out in terms of being there to support their businesses, too. a long few months before we get to the other side of this. obviously with the vaccinations going out today, we are really taking this on, fighting back against covid. there have been tough times since then, and we have not had financial help to any of these small businesses that have come through, since congress passed the last plan about 260 d

which i found interesting given that's what's moving through congress right now and people like warren buffet solomon at goldman sachs is saying small businesses need right now. why didn't it work for restaurants? >> the reason it didn't work for restaurants is that the original ppp round -- maybe it is improved this time around. let's hope it is but the original round, which was established at the end of march mandated that the funds be used within 12 weeks of receiving them 12 weeks after a company, a small business, a restaurant received them, most communities had not yet given the green light to dining. and because 75% of those unts fun -- funds needed to be used for hiring back your staff which was a great idea in and of itself but you couldn't rehire because you couldn't reopen. if you received the funds you were on the hook to pay it back with interest. i hope this time around we can do something that resembles the bipartisan approach, the restaurant's act, which was a really good program, if congress will approve it. >> so waiting to see on how long those ppp loans i guess would be gi

one of our first customers with darkstore was nike, and we have this vision of delivering warren buffeto, it will be done by a drone, and it will get there in sub 30 minutes, and it will be really economical, so darkstores today are done with humans and tomorrow are done, you know, with robots. >> when you think about robots and drones, i'll never forget seeing jeff bezos on 60 minutes several years ago, and people thought that was an insane crazy idea i know now people, i think, don't think it's as crazy but we still are not seeing it in truth right now. when do you think that is going to become a reality? >> you know, i think that, without trying to predict the future ecommerce has fast forwarded at least five years, you're seeing folks like instacart who had projections of $35 billion in 2025, surpassing those projections in 2020 and so we have accelerated significantly where ecommerce has been and where it will be and i think that, you know, given that pandemic and given, you know, what has happened, i think that, you know, the fda and the ftc will accelerate the things that need to

small businesses in tight financial circumstances have been waiting for assistance for months warren buffet joined us live on "squawk box." >> it's an economic war. we've shut down a lot of people in this particular induced recession and others are prospering and i think that the country owes it to the millions of small business people. >> joining us to talk about the impact of this long delay on stimulus is glenn hutchins north island chairman. glenn, i know we've kind of been fool me once, fool me twice, we keep thinking congress is going to act this time it does feel a little different. it does sound like they are serious, all parties are engaged, everyone is talking they say they're not leaving town until they get something done do you buy that? >> i think so because, becky, let's take a step back and look at where we are. there's a lot of very, very good news about the vaccine you guys have done some great reporting on its rollout, how many we have, who gets it, but overall very, very good news for the future, but if you look at the state we are in, the pandemic is at the worst it's ev

i subscribe to the warren buffet philosophy,i don't invest in things that i do not understand. not understand bitcoin. stuart: smart guy. neither do i. we do have one significant earnings report that came out earlier this morning and that's from the garden, the parent of olive garden. it's a restaurant chain in a middle of a lockdown where indoor and outdoor dining is restricted in various parts heavily in the country, what happens to a restaurant chain's earnings, their renew was actually down 19% in the latest quarter and their same-store sales were down 20%. that's a picture of the impact on a restaurant chain of the covid outbreak, the stock is down 1.6%. now take a look at nike, they are going to report after the bell this afternoon, major company, as you walk up to the earnings report, the stock is virtually unchanged at $140 per share. congress is moving towards helping small businesses and so is bar stools, watch this. >> i need to raise more money. whatever it is, i will get creative but once you are in our program, we will pay whatever you need, the necessities you ne

be a law but you go on twitter and elsewhere, there are people saying what about meritocracy, warren buffet board. he said he's looking for the best people irrespective of their backgrounds. how do you respond to the critiques on both sides of this. >> well, thanks for having me on i think the first thing to recognize is disclosure is the foundation of our markets and our economies, we rely on companies to make full and accurate closures to inform investor, so investors can make their own decisions as to which companies they want to invest in and what they expect of the companies. we focused on disclosure as a foundation for our proposal. so the first thing is we're asking every company to disclose the composition of their board based on self-identifying each of the board members self-identifying their diversity, and putting together a standardized table, so investors can understand it easily, and can compare companies across the spectrum. and the second is we are asking companies to meet is to have at least one woman and at least one person of either under represented minority or lgbtq on

doris buffet, the eldest sister to warren buffett, gave his money, as well as hers, to others. >> i feel have chances. >> we're living in tough times. we need hope. >> reporter: art dealer forest fenn sent people looking for gold nuggets, hidden for anyone to find. after 10 years, someone finally found his treasure, just three months before fenn died. >> we need to know that somewhere out there there is a rainbow with a pot of gold at the end of it. ♪ i can see clearly now, the rain is gone ♪ >> reporter: courage and kindness usually triumph in the end. ♪ i can see all obstacle in my way ♪ >> reporter: johnny nash, who left us at 80 this year, sang of a bright, sun-shiny day. while the sun isn't out just yet, the hope is it is just over the horizon. with all of those with the courage to walk or run or march for a better tomorrow, we are forever in your debt. to all of you, we say thank you and offer a fond hail and farewell. ♪ i can see clearly now, the rain is gone ♪ ♪ it's gonna be a bright, bright, sun-shiny day ♪ ♪ it's gonna be a bright, bright, sun-shiny day ♪ to be honest...a litt