let's bring in bloomberg's abigail doolittle. -- joe: let's bring in bloomberg's abigail doolittle.s there any sign of a slowdown in momentum of this theme. we saw some recovery in airlines and other stuff, but by and large, the tech theme is dominant. abigail: i agree, joe. the stay-at-home theme is definitely in place, folks wanting in on the big cap part of stay-at-home, apple, microsofts of the world, the bigger stocks that have made moves on the year zoom, beyond meat, pellet on. they have been a little weak lately, depending on the stock the declines could be 5%, 10%, 20% in the quarter. but when you put that in the scheme of gains we have seen in some of the stocks, absolutely ridiculous, pellet on and zoom up 400%, crazy gains, so it actually makes sense that etf,ow is in the arc because why wouldn't you want to take some profits off the table and lock things and for the year? docusig doc you sign -- for covid. stock amazon is also its own bees. we have seen rotation into but alsoap tech names, a bet on small-cap material names, the idea that there is a cyclical recovery afo

we go straight to the world of business with bloomberg's abigail doolittle. how much of this stimulus is really going into the hopes and optimism we see in the markets today? abigail: it is certainly a piece of it. we have synchronized ties for the s&p, the dow, and the nasdaq, and the russell 2000. any flavor of equity, they are climbing higher. a piece of it, that stimulus, the idea the economy is going to have that extra boost of money. but i think the bigger thing happening here is you have this melt up over the entire year out of the march lows, but more recently record high after record high, with a little bit of consolidation. right now we are entering an official santa claus rally, would you have stocks rallying over the last five days of one year into the first two days of the new year. we don't know for sure, but right now we are up more than 1% over that time period. confirming the risk on mood, the idea that folks just want stocks to go higher, risk assets to go higher. the 10 year yield still unable to get above that 1%. taylor: i do know what's a

let's get to abigail doolittle. >> we certainly have a risk off tone. s&p 500 down 1.3%. heading for its worst day in two

joining us is abigail doolittle. most of us are watching this doordash, because it is extraordinary. they priced at $102, it has been going up about a dollar a minute. $190/$195. abigail: is amazing. there's so much demand it has gone from $102, that is above its initial range, or actually a second range, it just keeps going higher. they are eating up this demand. ipogger question is is the frenzy too far, too fast? the biggest food delivery business in the u.s., about 50% of the market is captured. once it does start trading will be bringing that to you. so exciting. december said to be a record ipo month. tomorrow airbnb will be going public. exciting stuff. as for the markets overall, not as exciting. we have small moves. we did have record highs earlier for the s&p 500, now down slightly, down .1%. a little bit of sell the news on pfizer. earlier the stock had been down 3.3%. now down less than 1% on the news the vaccine cannot be used for some folks who have allergies. a little bit of a negative reaction for pfiz

abigail doolittle is here with a look. ail: it is interesting because carnival is certainly higher after the company yesterday gave an update, saying they will be cruising again in 2021. somewhat vague, but you have the stock up 2%. the real gains over last few weeks is not just for carnival but other travel related stocks such as norwegian, american, united airlines. as you can imagine this has everything to do with the vaccine reality, the optimism folks will be back at some point in 2021 and maybe there will be demand for travel. the juxtaposition that is so interesting is we have the disappointing payrolls report today showing the first signs of what the resurgence of the virus meant, at least in the month of november. 245,000 versus the expectation of 460,000 and down from the prior month in october of nearly 640,000 jobs. a lot of those jobs in the travel sector, airline workers, cruise line operator workers, the unemployment above 27 weeks absolutely extended as there is a big population of folks. any in the travel i

let's get to abigail doolittle in new york to break it all down. abigail: it turned out to be a bullish reversal at the end of the day. pretty steep declines for the major averages. today, the vaccine was launched. you would have thought that there was a rally. not the case in the morning. afternoon, there certainly were. two earnings movers to look at. julie.com and gamestop. they put up a pretty strong quarter, they beat estimates. beat in a row. i am not sure what is weighing on them as of this moment. active customers increased, including myself. the results certainly proved it. gamestop on the other hand put up a disappointing quarter. the stock up 180% on the year. they had a problem and you can see that stock down 13%. all the big names, at the beginning of the day, it was really energy and some of the banks that were working. at the end of the day, apple, the top point boost. tesla reversed from a loss on the open, clothing up 1.3%, extending its inclusion rally. they are raising more money, the secondary offering of about $5 billion. 3.2%,

abigail doolittle has more on the market today. abigail: it certainly was a volatile market today. at one point the nasdaq 100 down 3%. that's true of the s&p 500 as well, the virus fears and mutation in the u.k. weighing on markets. there was a fear that could come here and slow global economic growth. the s&p 500 lower on the open. on the close, 4/10 of 1%. the nasdaq 100 down a commensurate amount. a bit of recovery as the buyers seemed to find footing. tesla down 7%. the company was added to the s&p 500. that coming as a big surprise -- not coming as a big surprise to experts. they suggested you will see that action for a shock up more than 700% on the year. investors taking profits. on the other hand, apple and microsoft, alphabet, stocks higher at the end of the day and that is one reason we did not have a huge selloff so a bit of a balance. finally, last week, all this positive news around the vaccine. pfizer's vaccine going into distribution. last week, the virus makers down sharply on the week. declines extending into today. seems we have a bit more news there. vonnie: abi

abigail doolittle is with us. abigail: there was some action later in the day.nother sleepy day for much of the day for stocks. record highs for the s&p 500 and the nasdaq. news came out from pfizer, another headline that pfizer, the doses they will be able to provide for this year expected to be half of what had been anticipated. when the headline came out, it read very bearish. stocks initially took a leg lower. the s&p 500 going down three tens of 1%. a decent intraday move. the s&p 500 finishing down for the first time in three days. the nasdaq, however, managing to keep a small gain and a record high on the date. pfizer really slipped, 1.7%. the barclays bond etf up 8/10 of 1%. tones of risk-off, uncertainty around the pfizer news. pretty interesting, for sure. after hours, more choppy news. docusign trading off of its highs. they put up a solid quarter. revenue forecast beat. marvell technology, that stock is down. that stock is down 4.3%. we will be digging deeper into that. let's round it out with a look at pfizer. this stock was down for most of the day

abigail doolittle, thank you for joining us and giving that run down on the markets. in washington, lawmakers poised to pass a stimulus package. earlier, david westin caught up with illinois democrat senator dick durbin who gave a rundown on the bill. >> it will be a relief for millions of americans by extending unemployment, looking for the final language. billionking almost $300 in loans to businesses, which i think will mean survival to these businesses that will make more money for the logistics of campaign, help for the schools. vonnie: with more on the stimulus, let's get to erik wasson. withnally did come out language this afternoon, 3000 to 4000 pages. was there anything we were not anticipating? we know the broad outlines of what the house and senate would vote on. >>>> 5593 pages to be exact. one of the biggest congress has passed. it has a $900,000 stimulus bill. we also have a bevy of tax breaks, energy legislation, and the way the government evaluates air in the wake of the boeing 737 max crisis. lawmakers have very little time to evaluate. is an incredib

let's get to abigail doolittle in new york to break it all down. walk us through the day. abigail: it turned out to be a bullish reversal at the end of the day. there were pretty steep declines for the major averages. today, the vaccine was launched. pfizer's vaccine started distribution in the u.k.. there were record highs by the afternoon, and nasdaq at another record high. chewy.com and gamestop. they put up a pretty strong quarter, they beat estimates. the sixth sales beat in a row. i am not sure what is weighing on them as of this moment. active customers increased, including myself. the website allows you to order for your pets. the results certainly proved it. gamestop put up a disappointing quarter, missing sales. the stock up 180% on the year. no room for a problem. they had a problem, and you can see that stock down 13%. all the big names, at the beginning of the day, it was really energy and some of the banks that were working. at the end of the day, apple, the top point boost for indexes. loss onversed from a 7% the open, closing up 1.3%, extending its s&p 500 i

abigail doolittle joins us. igail: let's start with news that happened later in the day, the lawsuit against facebook, accusing them of being a monopoly of sorts, trying to thwart competition and perhaps seeking to break out instagram and whatsapp. this cent facebook lower along with other tech shares. the facebook response seemed defensive. they are saying those acquisitions were cleared before, as opposed to an offensive response. the suit couldn't have been altogether surprising to them, but it sounds like facebook is going to come up with a fuller response after they review the lawsuit. this sent tech shares across the board, facebook, apple, google, all these companies facing some degree of antitrust action, alphabet two months ago. this side of the equation is heating up and that sent tech-heavy nasdaq 100 and nasdaq itself lower, nasdaq 100 lower the first time in 11 days. andt day for the nasdaq five weeks, down 2.2%. emilyother piece of this, , ironically was outrageous bullishness for doordash. the comp

i went to get straight to bloomberg's abigail doolittle to marcus through the market moves of the dayrbc, all eyes are on the stimulus. abigail: all eyes are on the stimulus. a technical, from standpoint, today, is something called a quadruple witching day. the expiration of a lot of different futures and options creates extra volatility. this creates a ton of volatility. most of the major averages, it was a bullish week. the nasdaq 100 climbing by nearly 3% by the week. investors are looking past the fact that we still do not have stimulus. you do have some of these technical factors at play along with the rising virus cases. sanwere mentioning francisco. andrew cuomo said that new virus cases in new york above 12,000 for the first time during the pandemic. despite that news, stocks are higher. helping the nasdaq 100 the most is apple up .5%. percent. nike put out a bullish mentioning that they had plans to increase the iphone. that brought up the entire apple complex. this stock is truly on fire. we have it on the week up 40% ahead of a right at the close being added to the s&p 500.

abigail doolittle is looking at the winners and losers.h itswith the dax all-time highs in february, the winners being led by delivery heroes soaring 9.5% on the likelihood that this delivery food company is likely to go ahead in the first quarter of 2021. jeffries is bullish on this. we have deutsche bank climbing with sovereign yields back up. it is likely the u.k. is going to approve astrazeneca vaccine this week. also slightly higher. when you put that together with the vaccine, that creates an airline start going higher. thehe other hand, we have internet related company, down 3.5%. that could have to do with the fact the vaccine optimism that may be those businesses not do well. we have commerzbank unchanged. it had been lower after they boosted their restructuring provisioning. you also have stanton down. as for fx, a mixed bag. the bloomberg dollar index earlier down. now up slightly. maybe a recovery for the dollar. the turkish lira is the big winner against the dollar. up for a fourth day. they have boosted rates by more than exp

we turned to abigail doolittle. not a lot of action. a little softness. abigail: relatively quiet day. volumes are well below the 20 day average. a lot of investors already heading towards their holiday break. we have taken a small light lower. right now the s&p 500 headed for its third down day in a row. the bears trying to take control. on the upside we have apple and that is one reason we do not have a bigger selloff. apple is one of the biggest component of the s&p 500, up 2.4% on a report they may try to enter the electric vehicle market. tesla down for a second day after the company has been added to the s&p 500. also risk off you have oil lower , heading to its first down week in eight weeks. week is relatively young. nonetheless this has to do with fears around the new virus and the idea lockdowns could go on longer than expected and hurt the economy. another factor to keep in mind, we have the dollar up for a third day in a row. the dollar is near session highs , up .5%. when you have the dollar climb, it's straight -- it signals a strong u.s. but

let's get to abigail doolittle with the latest on how it is played out in the markets. breakdown that and what is to come this week. abigail: an interesting day -- we have had big gains on positive vaccine news and this week the vaccine will start to be distributed in the u.k.. there is some expectation that will happen next week, but we had a bit of a down day in some of the indexes. we had strength is the nasdaq 100 and other tech-heavy indexes. the nasdaq 100 up a nice day in a row -- its longest daily winning streak going back to december, 2019. that strength, emily -- tesla -- the stock up 7.1%, continuing to store up till it will be included in the s&p 500 on december 31. it is now a $600 billion company. it is up more than 660% on the year -- really incredible. will there be some sell the news action on december 31 when it is in the s&p 500? we had strength out of moderna. netflix national news there, but there could be some anticipation around the new lockdown that is my seymour's inscription growth. you were talking about -- might see more subscription growth. y

get a check on the markets with abigail doolittle. equity markets are up mildly. some encouraging news on the stimulus. what is really going on? abigail: you may be the expert on this one. we have had interesting off air conversations. you are right in terms of the stimulus on the table, showing the idea there is some bipartisan support that some sort of a deal will get done, not too big, not too small. more record highs for the s&p 500. the top sector is energy. that is encouraging around the idea of stimulus and the recovery of the economy. that would cause demand for oil. we also have the russell 2000 small-cap index railing even more, up 1%. not a record high. stocks across the board rallying. a piece of it is the dollar. the dollar is weak, down .5%. not breaking down technically. expect more volatility and a strong economy in a perfect world, a healthy world would bring about a strong dollar. let's see whether or not that happens. in the last couple of minutes, opec has agreed to a small production hike in the new year. oil initially dipped ever so slightly,

abigail doolittle has more on that.lso, i know you have been following the latest earnings results out of snowflake. shares down after hours a bit. this is a big test for them after their blockbuster debut. abigail: it is. lots of big movers relative to earnings after hours come snowflake being one of them. with snowflake, what you are referencing is that huge ipo, biggest ipo of the year back in september. this is their first quarter as a publicly traded company, so they are finding out what it is about to these shares are absolutely plunging in the after hours, down 19%. this is application software company, up just 37% year to date. they have struggled a little bit, and in this quarter they posted a wider loss than expected. revenue fell on a year-over-year basis. also missing estimates, and the guide for revenue was importantly missed the range. they gave a range of $650 million to $700 million. missing the estimate of $778 million full some pretty big miss there. nice to have a technology company come and they are

let's get to abigail doolittle in new york with more. abigail: a bit of a jittery day for stocks. the s&p 500 fluctuating earlier in the day, then heading lower. at one point, down .5%. the bigger trend to think about is the fact that we now have this index down three days in a row. the bears are gaining traction. fears around the virus. the nasdaq 100 up ever so slightly. mixed messages. but investors again just a little bit cautious over the uncertainty about this new virus strain, what can it mean relative to additional lockdowns of some sort in the u.s., and the strain on the economy. apple bucking the trend on the news they are planning on getting into the electrical vehicle market. that was the case yesterday. tesla dropping on that news. one thing that stands out, moderna trading lower. today, pfizer down 1.7%. moderna down about 9%. if these are the beginning of some seldom news, you often have these big rallies into expected events and then the selling action. will this lead into the broader markets? we don't know, but where we saw selling was the travel stocks. traders f

bloomberg's abigail doolittle, thank you for that update.ecember is set to be the busiest year and on record for ipo's in the united states with doordash and airbnb expected to start trading this week, and long-awaited listings. both companies aiming to raise a combined $6.2 billion if they price at the top of their ranges. four more i want to bring in livers crystals the. we expect -- crystal. what we know? >> they have both seemingly got good response and that is why they have upped their range. haveb today announced they , they're going to go for a higher range and doordash did the same thing. we know they are planning to price and trade this week. this is probably not the highest they could go come the valuation. due to regulations they can still price 20% above what they already have. so we could potentially see an even higher number for both companies. incredible to see airbnb and this position, after such a difficult year. the pandemic bringing travel to a standstill. $42 billion at the high end of the range would be fairly in-line wi

for that we go to abigail doolittle. ut president trump raising the question of stimulus, i thought the markets were going to take a hit. it looks like they are looking past it. abigail: i would have to agree with you. it is interesting to see that reaction. it might have to do with the dollar. we were talking about how a strong dollar was hurting stocks. today we have the dollar down and a rally for stocks. the s&p 500 up 0.6%. we also have the russell 2000 hitting a record high. on the other hand, the nasdaq slightly lower, but in this year, that is a bullish phenomenon because big tech is considered to be defensive, so you have investors going into the banks. the bank index up about 3%. this of course as yields are rising, so you have bonds selling off. it is a risk on on the day despite the threat that president trump may veto that stimulus. really not paying any attention to it. i we go across asset classes, was mentioning how the dollar was down. i think this is why you have stocks up for the first time in four days

joining us is abigail doolittle. small and mixed where the way you call the move so far. abigail: that is correct. we have small mixed moves at this point. today is the positive development of the covid-19 vaccine starting to be distributed in the u.k., and on this we do not have a huge rally. we had a rally on the news of the efficacy of the vaccines, but right now we are looking at the s&p 500 up .1%. pfizer in play. that stock is up 2.8%. a healthy rally there. you have the tech heavy nasdaq and the faang index, both are down. in a way there is a move toward the cyclical rally. that is healthy over the long-term. again, interesting we have the rally pause. what we also have is a rally for bonds. some investors are hedging around the uncertainty of the current environment, still wanting some sort of haven, but there is one sector certainly soaring on the vaccine distribution and the vaccine news and the optimism it will bring some sort of a big these are the airlines and cruise line stocks, basically travel and leisure, so beaten down on the year, at one point down more

. -- with more is abigail doolittle. what are we seeing right now?- both both failures shares are down. salesforce.com is certainly down, as the acquirer. it had been predicted that they would buy slack and lo and behold. and7 billion in cash stock. some are wondering about the cash. salesforce has a lot of cash. the big thing to look at is the fact that the sales fourth ceo has made more than 60 acquisitions in 21 years, making salesforce.com conglomerate of different pieces. they have a communications platform along with their relationship management software, making them again a big competitor to microsoft, giving them this extra bell and whistle, and we will see if that works going forward. it's interesting, they also therted with this news, forecast going along -- the forecast is kind of disappointing. as you were mentioning on the year, slack at this point, because of the deal and the speculation last week, absolutely taking off. aboveal price about 5% where the stock had been last week. you can see it's going up parabolic lee and now the news,

joining us with more is abaco doolittle. abigail -- is abigail doolittle. ail: take a look at the employment picture. it is pretty grim. these are the number of unemployed going back decades. here in early 2020, spiking to more than 20 million. most of them in white, temporary unemployed. now we are down sharply, but discouraging is the fact that in blue, permanently unemployed is currently. million that is definitely a trend that is not very encouraging. for all of those folks who have lost income, we are hearing so much about evictions happening now. fortunately here in new york, they have extended the moratorium until january 31, but we have a dichotomy for those making less money, less than $25,000, almost 2 million people , but even above $100,000, there's the expectation that 300,000 people will be evicted. not surprisingly, it does come down to education. folks who have a little but of high school are the most vulnerable. folks who have a little bit of college are also vulnerable. those folks who have a bachelors degree or higher are 60% employed toda

we will check on the markets as we do every day and be joined by abigail doolittle. is a little bit of movement but not a lot of dramatic movement. abigail: we see a little bit of pullback developing in this fourth quarter but on small moves. of 1%p 500 is down 2/10 and the nasdaq is sharply higher step dragging on the s&p 500 is the energy sector, helping the nasdaq is apple among the other tech names so this is more of what we've seen over all this tech, microsoft and facebook, those are this year's defensive stocks. investors are going that way which is interesting because the vaccine will be distributed in the u.k. this week.

joining us with the details is abigail doolittle. igail: let's take a look at the virus itself because the numbers are not moving in the right direction, especially in the u.s. these are the most developed economies. the number of cases per million. the u.s. again leading, more than 50,000 people per million having the virus here in the u.s., so the numbers are surging. not surprisingly, because the biotech companies are developing the therapies for the virus, those are outperforming the broader stock market. take a look at the biotech etf shares, along with the actual biotech index. up about 50% this year relative to the s&p 500 -- up about 50% this year, relative to the s&p 500 more modestly. the vaccineally velocity here. we have moderna here, extraordinary on the year, up more than 600%, and of course today, the positive news that the fda has found their vaccine to be both safe and effective. finally, vaccine makers on the year, here we have the orders for the u.s.. many of these vaccines still have to be authorized by the fda, bu

abigail doolittle has more from new york. w did the markets respond to optimism around a new package? abigail: a new package and moderna's vaccine. the fda has found their vaccine to be safe and effective. trading up stocks 3%. it's best day in three weeks. the nasdaq 100 finishing up almost as much. star sector technology today, apple up today, the best day in two months. nikkei,usual report, which tends to be bearish on apple, bullish today, saying they expect the company to raise iphone production 30%. you saw the whole apple complex trading higher. chip production such as skyworks up. financials and energy strong as well. after hours, some exciting news. advanced merger talks. possibly some m&a and the cannabis space. tilray down kind of sharply. possibly some relief for investors in this space. broadlyingly, stocks climbing higher. on the day, something similar to yesterday with shares of moderna and pfizer trading lower on the news. vacciney, pfizer's starting distribution in the u.s.. down one point percent today. posit

bloomberg's abigail doolittle has more. ht now is doing something it has not done in eight weeks, and that is heading toward its first down week in eight weeks. take a look at crude oil futures over the last two days, down about 4% on that virus strain, fears that it is going to hurt the economy. you have this divergence with jet fuel prices. if you take a look at jet fuel premium to diesel, one way of looking at jet fuel prices, we are going to see a recovery at the highest level since the start of the pandemic. these are tsa check ins here in the u.s. this is pretty encouraging, at least relative to travel. if we go into the bloomberg terminal on a seasonal basis, that spread also known as tegrade, we are a little bi below that, but that premium is starting to normalize, giving some folks, traders in particular, some hope. thank, indeed. interesting to see ultimately what happens coming up into 2021. what are we going to be talking about next? we are figuring out what is happening in the u.k.. we have an ongoing situation

we check on the markets with abigail doolittle.s are bullish, they are on their way up, i am thinking that is vaccine news. vaccine,it is mainly the optimism that 2021 we will see some sort of return to normal. in the second half of 2021 the stock market said -- tends to forecast out six months. s&p 500 up not as much as the nasdaq and off of its highs. the nasdaq up 1.3%. the nasdaq is big technology and internet, we have seen this year's defense outperforming as the dow jones transportation average underperforms, down .8%. crude oil down.

abigail doolittle has a look. igail says we have shares -- abigail: we have shares soaring over the last three days, mainly on this buyout from astrazeneca. ands a 30 $9 billion stock cash deal. as you mentioned alexion pharmaceuticals is a rare disease company. they have a blood disease treatment that is a big portion of their revenue, about 60 percent of their revenue, so that is likely what astrazeneca is targeting. that treatment does come off patent five years. you have five years of this blockbuster drug. and it is a bit of a move into a new space for astrazeneca. astrazeneca's revenue breakdown. the bulk of their revenue is oncology, then cardiology. so rare diseases will be a new area to broaden them. as for the shares of alexion pharmaceuticals on the year, of course it has been a big year for pharmaceutical stocks, not so much for them. you see them turning in the right direction, but not as much. but today, 40 5% up on the year. pretty impressive now that we have this deal announced, this buyout. amanda:

let's get to abigail doolittle. president trump of this legislation and that is making a difference. abigail: it is. never a dull day so many headlines including that one. president trump saying he may want changes to the stimulus bill. markets looking past that. markets look past these later headlines with president trump as well. stocks did not do all that much. into the close, a bit of a leg while her. it is on clear if it has today with president trump vetoing the bill or if it is to do with investors taking profits off the table into the close. a little bit of a mixed close. the s&p 500 up slightly. the nasdaq down pretty solidly. the nasdaq 100 down half a percent. --t speaks to this year's the fourth quarter's reflationary open trade. the russell 2000 hitting a new all-time high. tech this year, defense. that was what was filled up. you have the banks and energy leading it. take a look at the movers. jp morgan was the top stock for the s&p 500. marathon oil up 7.9 percent. those were the top sectors. sector. t

let's get a better look at the markets with abigail doolittle. zoom video just reported after the bell. abigail: shares modestly lower in the after our market trading. for any other stock, it would be a pretty decent decline of about 4%, 5%. for zoom video, it is a modest decline. they put up a very solid quarter. their sales basically quadrupled in their fiscal third quarter. they beat adjusted earnings, up 6500%. basically because they put up a penny a year ago and in this quarter, they put up $.66. that boosted the view. you do have the stock down, probably because this is one of those high flyers on the year. into this report, up more than 600% on the year. they essentially got perfection at least ahead of the call. it appears they wanted just a little bit more. relative to a stock that is up more than 600% on the year, the initial reaction to an earnings report is not all that big. we will have to see what happens tomorrow but relatively a small reaction. emily: what a year for zoom. speaking of a big month for stocks overall. some of this i

vonnie: abigail doolittle is with us here now. ooks like there might be some capitulation around tesla? abigail: capitulation, indeed. goldman sachs upgrading at to abide. jim chino talking about the pain. we have a chart that exemplifies this. actually, this is a little bit different. this is tesla playing catch up to where the analysts are. you can see the stock is now quite a bit above where the average price target is for tesla. the chart i thought we were going to be showing was the short interest. last year, 33%. now it is 6%. that is that change jim chino's was talking about. as for analysts, we do have price targets will above the stock price. take a look at this, because it is not really a clear picture on tesla for those analysts. a split between buy, hold, and sell. it is going to be interesting to see what the future does bring. for was the clear premium tesla. toyota this year -- it is pretty amazing -- produced 5.2 million cars. tesla has only produced and sold 320,000 cars. on a per-car basis, on a market cap basis,

let's get to abigail doolittle. >> we certainly have a risk off tone. s&p 500 down 1.3%. heading for its worst day in two months. some saying this has to do with news around stimulus, the idea congress may pass that deal. the bigger fact is the virus, the mutation in the u.k. not surprising. about 9/10 of up 1%. that has to do with a strong dollar. we have a rally for bonds. financials, the second-best sector has been communication services. , that isd materials the cyclical straight, not on today. off -- thethe ricks risk off tone, the vix. we could have volatility ahead. related bill? we have a true rally from the bloomberg dollar index on the idea that janet yellen, treasury secretary to be, is going to be supportive of the dollar. the next had been headed to its best a since march, up 1.3%. crude oil, pressured by the higher dollar, well off the low. it's worst day since early september. that has not just to do with the dollar, it has to do with fears around the economy. we will show the relationship to the dollar. as the dollar does go higher, it tends to push oil lo

joining us is abigail doolittle. small and mixed where the way you call the move so far. correct. we have small mixed moves at this point. today is the positive development of the covid-19 vaccine starting to be distributed in the u.k., and on this we do not have a huge rally. we had a rally on the news of the efficacy of the vaccines, but right now we are looking at the s&p 500 up .1%. pfizer in play. that stock is up 2.8%. a healthy rally there. you have the tech heavy nasdaq and the faang index, both are down. in a way there is a move toward the cyclical rally. that is healthy over the long-term. again, interesting we have the rally pause. what we also have is a

abigail doolittle is looking at all the other reasons behind the deal. abigail: let's take a look at the stock. up 11.5 percent, its best day since may. this is their seventh update in a row, the longest streak since february. that was ahead of the lockdown. this company has really benefited from the lockdown. it is interesting to see the stock heading back to a big win streak like it had in february. as for the deal, it is not adding customers but manufacturing capacity. we have seen lots of headlines about delays for the bikes, so they are adding more manufacturing capacity by biting precor. it adds a ton of space. because of all the books using their bikes during the lockdown, the revenue growth has been on fire. up 232%. another reason behind this buy. as for the stop, talk about astronomical gains. 460%.its 20 ipo, up much of that this year. the recent spike on this renewed lockdown. of course, we have this renewed lockdown in the u.k., new levels of shutdowns. this is really helping the subscriber growth. , half ae last year million subscribers. we

thank you to abigail doolittle. we are told that a stimulus package is all but certain, "but" is the important word. libby cantrell is the head of policy. what is taking so long? ways what is old is new again. we know congressional negotiators have been discussing another covid relief bill since the spring. and-forward to december many of the issues that were obstacles to a deal then are obstacles to a deal now. most specifically the level of unemployment insurance, the amount of a rebate or stimulus check, and now new to the negotiations is this issue around cares act funding and emergency beds facilities. very important and big market participants like pimco. that is now a new issue as well. with all of that said, however, it still looks very likely that we get agreement on the $900 billion issue bill. -sh billbillion before next week. congress is taking longer than what they had intended. david: it is not over till it's over, but it looks like now we are going to get it sooner than later, maybe by the end of the

abigail doolittle is looking at ulta. >> ulta is sliding on the day and they put up a miserable thirdrter. name this sales estimates by comp sales down even more, down by 9%. this has everything to do with the fact that folks don't want to go into the stores and shop, where you are touching things and around other people, and if you are stuck inside, how much makeup are you putting on? adjusted earnings beat estimates, but on a year-over-year basis, down 40%. pretty incredible. there is some light at the end of the tunnel. they have very tough comps because this is such a strong store. in 2020, compared to the prior year, difficult comps. miserable,0 is so 2022, the fiscal year, there's expect it to be a real recovery of about 36%. let's hope that happens. there is a store close to me that generally looks empty, but they are not suffering as bad as some of the other cosmetic companies. they are actually up on the year, where the likes of revlon and others are slipping on the year. lta outperforming the market. vonnie: the ceo was somebody that people were watching, everything that she

we turn to abigail doolittle. i'm not sure there is reaction yet to the news, but what are the markets doing? abigail: not much at this point. earlier you had pretty solid declines, but right now we have the major averages, the dow, the s&p 500, and nasdaq basically fluctuating. small moves. up less than .1% as you just said. not reacting to that positive news about vaccines being available in new york on december 15. the first tranche a little more than 150,000. where we do have some movement, the energy index, up 4.6%. this has been a big catch up trade. it is the best sector in this fourth quarter, up more than 25%. today oil getting a bit of a boost as opec tries to hammer out a deal. likeet december feels investors are trying to figure out whether or not the big gains of november will continue and a little bit of a stalemate at this point. david: we should know tomorrow about opec whether they do have an extension. there is some movement in bonds today. abigail: it is certainly where the excitement is. yesterd

kevin, let's get right to the world of politics and economics and let's do that with abigail doolittle like a mixed day. abigail: it is certainly mixed, slightly jittery, even bearish at this point as we open with solid gains for the dow. the russell 2000 is down for the third day in a row. yesterday, retreating from a record high, a bit of a concern on the close. the russell 2000 really underperforming today, down 1.7%. at this point, the s&p 500 and nasdaq have been fluctuating between small gains and losses. a jittery tone. the fact the russell 2000 has been down for three days, the first three day losing streak going down back

we turn to abigail doolittle. re is reaction yet to the news, but what are the markets doing? abigail: not much at this point. earlier you had pretty solid declines, but right now we have the major averages, the dow, the s&p 500, and nasdaq basically fluctuating. small moves. up less than .1% as you just said. no

we will check on the markets as we do every day and be joined by abigail doolittle. you said there is a little bit of movement but not a lot of dramatic movement. abigail: we see a little bit of pullback developing in this fourth quarter but on small moves. of 1%p 500 is down 2/10 and the nasdaq is sharply higher step dragging on the s&p 500 is the energy sector, helping the nasdaq is apple among the other tech names so this is more of what we've seen over all this tech, microsoft and facebook, those are this year's defensive stocks. investors are going that way which is interesting because the vaccine will be distributed in the u.k. this week. some reports say next week but some signs of nervousness is also showing for the banks. bonds are rallying a little bit so that means yields come in and that weighs on the bank so that's a little bit of a pause in the cyclical rally. how does the market really react to what the economists are seeing? they say we will be good in the second half of next your but have a really tough spot between here and there. have the markets pr

we want to check on the markets with abigail doolittle. disappointing jobs numbers. are up somewhat, but i thought what stood out was the 10 year yield, which continues to march up. abigail: bonds are the story today and we are back in the time period where bad news is good news. disappointing jobs report. downrior month was revised , showing the strain of the second wave of the virus, everyone wondering how it will impact the economy where just 240,000 jobs were added relative to the expectation of 640,000. there is an early sign of the second wave. we do have stocks higher, the s&p 500 up .7%. the energy index of nearly 5%. the russell 2000 near all-time highs. banks flying. the reflation

abigail doolittle is here. above two68 was well ranges.ands huge for these technology companies. the last indication, $150 per share, that is more than double. can you imagine you can double your money in a day? that demand is leading some to , isoncerned about the idea this a repeat of 1999? is there a bubble. doordash has benefited from the pandemic in terms of people ordering food in. airbnb is the opposite. they had their lodging business at the numbers are down in a big way. some folks are questioning -- $100 billion. david: pretty stunning. you could argue doordash is at the peak of the market and there may be more room to grow for airbnb. abigail: i think you are right about that. investors for airbnb are looking further out. the idea this is a long business and this year the numbers are down sets up for easier comps next year and going forward. to your point on doordash, might be more of a near-term phenomenon, plus how much bigger can the market cap. airbnb there is longer-term potential and investors love the ceo who was on bloom

do a market check with abigail doolittle. thisil: a risk on day on wednesday.om yesterday's reversal. yesterday stocks hit all-time highs in the morning and close down slightly. today we have gains out of the start. not huge gains. the s&p 500 and the nasdaq up 3%. we do have the small-cap index, the russell 2000 rallying, the first update in four. this has to do with seasonal tailwinds. it is the santa claus rally. we have the s&p 500 over the time period. worth noting the volumes are anemic. 35% below normal. this is typical to a holiday week.

we turned to abigail doolittle. not a lot of action. a little softness. ively quiet day. volumes are well below the 20 day average. a lot of investors already heading towards their holiday break. we have taken a small light lower. right now the s&p 500 headed for its third down day in a row. the bears trying to take control. on the upside we have apple and that is one reason we do not have a bigger selloff. apple is one of the biggest component of the s&p 500, up 2.4% on a report they may try to enter the electric vehicle market. tesla down for a second day after the company has been added to the s&p 500. also risk

abigail -- abigail doolittle is here with a look at what we saw unless i months. l -- we saw in the last nine months. activity,his is call options activity on stocks. a call is a bullish bet on stocks going higher. a record high call volume back in november as these retail investors are just in on stocks. interestingly, we are now close but this chart, showing the last 20 years. the moving average still very high, so investors want in on stocks, and these stay-at-home traders are bullish. retaillook at the aaii data. the bullish confidence sentiment is very high. sometimes this is seen as a contrarian move, so when you put that together with the volatility and calls to the upside, and now the volume being there a record low, you have to wonder if that means the volatility is ahead. as for the robinhood traders, thisis big platform year, a lot of psychological effects from the trading. these traders have made it so easy to trade on this platform. basically, this push a button, make money, lose money. you have these traders on the pot from nine times more than e*trad

abigail doolittle is going to try to pick out the big action points.hat briefere was bear market earlier this year and you would not know it, looking at this board. the s&p 500 up more than 15%. the russell 2000 putting up its best quarter ever as investors wanted in on this, the nasdaq 100, up 47%. the nasdaq 100 led the way. interestingly, value not quite catching up into the green. it will be something to watch in 2021, to see whether or not it is the next piece of the catch of trade. with the nasdaq 100 really outperforming, not surprisingly it is apple, amazon, microsoft and nvidia. investors seeking the safety of these companies performing well in a difficult environment and even ahead of knowing whether they would perform well, a growing concern situation with these companies, you have to believe they will do better. investors have been bidding them up all year, especially nvidia. the biggest gains in a world of big cap tech have to do with the russell 1000. hittingnbelievable, all-time high today. the company has turned profitable but it is int