with adyen, the payments platform that delivers convenience for all. adyen. business.boundaries. >>> welcome back we've been taking a look at stocks that have outperformed for 2020 and cloud communications provider ring central certainly one of those winners, up 130% this year let's bring in ring central founder, chairman and ceo, vlad shmunis thank you for being with us. >> good morning. thank you for having me. >> let's talk about your latest move, ring central glip. you're taking on the videoconferencing market, but i can't help but wonder, is it too late zoom and some others have become established players. how do you convince people to go away from them and onto your platform >> well, we don't think it's too late by any stretch. as a matter of fact, it's very, very early in the market and also it's not a winner-take-all situation. there's not a monopoly here. people have and will continue using multiple tools for communication. and with ring central, people have a very, very nice choice. it's an enterprise grade, if you will, carrier grade solution, which is highl

with adyen, the payments platform that delivers convenience for all. adyen. business.ot boundaries. >>> etsy has been having a top performing year, up more than 320% but our next guest is downgrading the stock from a buy to a hold. scott, good morning. and i just wonder how much of your call has to do with etsy and the runup this year. how much has to do with e- commerce at large, the trends we saw accelerated this year and sustainability >> good morning. it's a mixture of both in the case of etsy, as you mentioned, the stock is up 320% year to date as we entered 2020, this business traded at five times forward revenue and four times 2022 revenue we sit here today, the stock now trades at 13 times 2021 and ten times 2022 so a lot of the 320% move, a good portion of that, is multiple expansion you've had revenue growth acceleration precovid-19 from sub30% organically to, you know, peaking at 140% slowing to 120 last quarter you know, they could do as much as 90 to 100 this quarter. that is 10% to 20% ahead of the estimate the same for 1-q the problem is when you hit 2-q

with adyen, the payments platform that delivers convenience for all. adyen. business.ot boundaries. >>> semi stocks soaring soaring with the smh up 50% for the year josh lipton is taking a look at what 2021 might have in store for the chip names and, josh, what a year it has been i mean, you have seen lots of consolidation, decline of intel. what are we looking nfor in 202? big tech companies aren't just big chip customers anymore they are chip designers now as well for example, apple recently launching its new mac swapping in the m-1 and swapping out intel chips. then there is amazon the cloud computing division recently announced a new chip for machine learning training, too. it's a trend that is taking place for years and it's now accelerating, redefining the $420 billion semiconductor market and i'll say bringing the chip design in house can make sense lowering costs and improving performance there are risks, too, andy aftery told cnbc >> it's not for the faint of heart. it's really expensive. there are costs that you may not get back and how successful you are in

with adyen, the payments platform that delivers convenience for all. adyen. business. boundaries. >>> time for the futures outlook. the ten-year inching closing to 1%. let's bring in scott nations of nations indexes. scott, i was going to ask you if we were going to make another run at 1%. what do you think? >> i think we will. right now it's risk on because of immunizations, and that's great for yields but horrible for bond prices. scott, the way to play this is to be short the bond futures. ticker symbol zn. in the march contract i'd be a selling of 131.08 and target 137.08, another lower low from the november 11th level. this is priced in in points and 30 seconds. each point is worth $1,000 and since my stop is 138.24, as you can see there we eastbound risking -- t he ♪ ♪ digital transformation has failed to take off. because it hasn't removed the endless mundane work we all hate. ♪ ♪ automation can solve that by taking on repetitive tasks for us. unleash your potential. uipath. reboot work. your daily dashboard from fidelity -- a visual snapshot of your investments

with adyen, the payments platform that delivers convenience for all. adyen. business. not boundaries. >>> good morning it is just after midnight add ankara headquarters in china 11:00 here on wall street and "squawk alley" is live ♪ ♪ ♪ >>> good monday morning. welcome to "squawk alley." i'm david faber. carl and john both have the morning off. let's have a look at the markets as we are an hour and a half into trading we have notched new intraday highs across the board essentially all about 0.7%, 0.8% right now. let's have a look at shares of alibaba. that's an interesting story. also a reversal after being down early in trade, you can see the stock has rebounded ever so slightly diedra, it's been a rough road for alibaba, from october when we were looking for the largest ipo of all time and financial, $35 billion. it is 33%ed opened by alibaba. those shares worth some $850 billion at that point. now, it's market cap hovering around the $600 billion level. given what has been a fight, well, not a fair fight, between the chinese government and jack ma who had the audaci

with adyen, the payments platform that delivers convenience for all. adyen. business.ot boundaries. it's time you make the rules. so join the 2 million people who have switched to xfinity mobile. you can choose from the latest phones or bring your own device and choose the amount of data that's right for you to save even more. and you'll get nationwide 5g at no extra cost. all on the most reliable network. so choose a data option that's right for you. get nationwide 5g included and save up to $300 a year on the network rated #1 in customer satisfaction. it's your wireless. your rules. only with xfinity mobile. >>> welcome back telehealth sees a steep increase in use during the pandemic joining us to discuss, co-founder of sounder mind, one of these digital behavioral marketplaces, can you explain to us exactly what sounder mind does and how it operates your mission was to bring down the cost of therapy. how much does a typical session cost and how have you seen this business perform during the pandemic >> thanks for having me on it's really great. sounder mine is focus

with adyen, the payments platform that delivers convenience for all. adyen. business. boundaries. >>> welcome back to "power lunch. rick santelli here look at a year-to-date chart of two-year notes let's zoom it in to march and zoom it in more to july. why? you see how flat it is in the july chart under 13 basis points, now trading 12 and could be 11 look at a one week of tens and remember, a week ago it was extreme and it looks like a down week and it is even though the bond mature tea -- maturities are down. one week of the dollar index, we had a 31-month low close on friday even though we're up on the week, we're only up a quarter cent off 31-month lows kelly, back to you. 31-month lo. kelly back to you. >> i will pick it up rick. thank you very much. tim cook is saying most apple employees will not be back in the office until june at the earliest as you see there, our sponsors for the bond report. apple is certainly not alone among those. we will talk to the ceo of cbre about the impact extended work from home is having on the commercial real estate business. bob s

with adyen, the payments platform that delivers convenience for all. adyen. business.ndaries. . >>> so what is this big call we talked about before the break? rahel solomon has the answer for us >> if you're still working on resolutions and need a resolution stock, bernstein suggests uber as the one to own in 2021, expects positive ebidta by 2021. sees positive momentum with the vaccine. uber also up almost 80% year to date as you mentioned. and banks of america says they'll bullish on what they're calling the most unloved mega cap, at&t. they note that at&t has been good at paying down debt, refinancing at lower rate and they did not increase a dividend for the first time in 30 years, they did maintain its hbo max strategy >> i don't have any ownership on the desk of at&t but i want to go uber. the new resolution stock to own in 2021. that could have been written by josh brown, right? >> yeah. this stock is going higher this is one of the toughest average downs i did in the march/april period but one of the ones that rewarded me the most when we get into 2021, people

with adyen, the payments platform that delivers convenience for all. adyen. business.ndaries. . >>> welcome back let's get a check on bitcoin right now, up today around 23,400 but ripple having a rough tday. down 20% in two days as they expect to be sued by the sec let's bring in kate rooney to explain exactly what's going on here hi, kate >> ripple says they are going to sue the crypto start up. xrp is much like bitcoin ripple use it is for its clients which are mostly businesses and banks to send instant payments across borders when ripple was founded, they decided to create their own digital currency bitcoin they said was too slow they began selling the new crypto currency over a period of time they still own the majority of the currency and they named cash from peter teel's found. ripple's founders never registered xrp as a security they argue it's more of a ult a -- utility than a currency. their argument was that xrp was an investment contract people bought it with the expectation that they were getting a piece of ripple, the company. >> stay there has we bring i

with adyen, the payments platform that delivers convenience for all. adyen. business.ed that 95 million people shopped online only from thanksgiving to cyber monday it's expected to be another huge week of e-commerce platform. brent, it's good to have you back on the program again. what can you tell us about gross merchandise value? earlier you said the pace of growth had slowed around the spring what have you seen over the last few weeks? >> growth is spectacular, whether in dollar terms or in consumer spending, 2020 will be by far the biggest year of e-commerce growth in history predictions are roughly e-commerce will be up 32% overall this year but we're seeing on bigcommerce sales running 75%, the vast majority being driven by same-store sales growth, just success for businesses >> who are the big winners are they stores that have been on bigchers fommerce for a few s already? what are you seeing for store creation >> store creation exploded at the start of the pandemic. larger companies are in the first month or two a bit paralyzed trying to figure out how to adap

with adyen, the payments platform that delivers convenience for all. adyen. business.aries. oh yeah, you going to place it? not until i'm sure. 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. ♪ ...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. ♪ >>> sumo logic out with iemts first results since going public in september it did have a bit of a wild ride we're joined by the president and ceo of sumo logic. welcome back, it's -- you're not the first company to erroneously blush results. >> a little bit of overzealousness in terms of getting the results out. what's really performanc

with adyen, the payments platform that delivers convenience for all. adyen. business.aries. >>> welcome back let's catch you up on a few stories that should be on your radar. it is rapid fire welcome, everybody first up, we've got to start with disney. investors loved everything they heard at investor day yesterday. from the more than 86 million subscribers to its ever growing content. it is now on pace for one of its best days ever when it comes to it, disney wins it is quote, mind blowing and frightening to any sub scale company. barclay's raising it to 185 staying company's growth path is likely to be unparalleled and goldman hiking to a straight high of $200 i'm going to start with you. too much enthusiasm? >> i wouldn't say too much at least in the long term, probably not too much. this is a market where we buy our favorites. people have fans of the companies, of the company's products, and they become fans of the stock i think that this rate of acceleration was not anticipated. i think the price increase is a very important part of what they announced yesterday b

with adyen, the payments platform that delivers convenience for all. adyen. business. >>> let's get a check on the markets as we reach the end of the alley. all the michael jackson indices up about 0.4% for the s&p and nasdaq that maps record highs, above 3,700 and 12,700 julia, dierdre, get to have you on the alley as always. with that we'll toss to skcott wapner and "the half." >>> the man who called this record run for stocks is back with his look ahead. he'll debate our investment committee. joining me are josh brown, jim lev leventhal. 52 record highs for the nasdaq this year, higher than

with adyen, the payments platform that delivers convenience for all. adyen. business. not boundaries. >>> scott little from snowy pennsylvania at what point do you judgment into crm? i know it's up big but i'd like to start a position. what's the magic number? >> jim, what is the magic number >> sorry, morgan didn't mean to talk over you scott, thanks for the question i recently initiated a position about $2 higher than where it is right now, which is only 1%. you may have some heart palpitations maybe about the valuation 48 times earnings. i'm going to tell you for this company that's growing this way and acquiring slack, i think that's a huge move, that's actually the right price don't be wishing for it to be down 25% to a multiple that you like if that happens, the stock will be in trouble. you want to buy it here and let it keep growing from here. >> all right next up, another video question and this one is for john >> question, any recommendations with respect to the ev or electric vehicle market? battery-wise, i do believe quantum state is overvalued at this poin

with adyen, the payments platform that delivers convenience for all. adyen. business.'s the wall we fixed it. energy that's number one today. the sector's up nearly 4%, the s&p is good for about 24 now let's answer your questions. first up, a video one for jenny on energy transfer >> this is lou from collegeville, pennsylvania i have energy transfer, et, in a roth i lend you shouldn't have an mlb in a roth. should i continue to hold or sell that now? thanks so much >> no, lou, thank you for the question jenny, what's the answer >> so the old school misconceived conventional wisdom that you shouldn't have an mlp in a roth or ira, i think that's wrong. i've heard that for 20 years now. they're saying you're still going to need to pay taxes on the distributions. the reality is you only need to pay taxes on the unearned business income from it and only if it's over $1,000. so the ubit tax that it would generate is usually very, very, very little. it almost never goes over a thousand, even in a usually large ira, roth or regular i think you should hold them in iras for the

with adyen, the payments platform that delivers convenience for all. adyen. business.ies. winner for 2020, video game company, seeing boom in demand as consumers continue to stay at home amidst a rise in coronavirus cases. activision blizzard has grown by 20% year after year, and joining us is the chief operating officer. daniel, thank you so much for joining us today. >> good morning, julia it's a pleasure to be here. >> so, daniel, there's been so much talk about how the whole video game sector has benefitted from people being stuck at home. you have seen remarkable growth in your user base, but as you look ahead to next year, will you be able to hold onto those gains and continue that growth rate >> well, it has been an incredible year, amidst everything that's going on with covid. we have been just absolutely focused on our mission, which is creating epic entertainment for the entire world, and that's what we will continue to do. we've invested in our biggest franchises, launched some of our biggest games this year with call of duty, black ops and warcraft shadowla

with adyen, the payments platform that delivers convenience for all. adyen. business.>> check out shares of the streaming service fubo tv. that stock up is for the fifth straight day and it has double digit performance gains in each of the days. that stock now about 10% fubo mulling deals for exclusive live sports coverage stick around "squawk alley" is back in a moment >>> we got stocks near session lows dow near down 163. maybe on a reuters headline that just ran quoting sources saying the u.s. government will not impose covid-19 screenings for flights from the uk. meantime, cdc saying there is no evidence to suggest this new var yent in the uk is any more deadly we'll watch. this meantime, the treasury department is the latest victim to disclose they were part of that massive solarwinds cyber attack joining us this morning is one trust co-chairman to talk more about what this may mean of course, sir, the cybersecurity needs of over half the fortune 500 just yesterday closed a $300 million funding round valued at over $5 billion. allen, welcome good to you have >> ca

with adyen, the payments platform that delivers convenience for all. adyen. business.ot boundaries. see every yikes...... and even every awwwwwwww... wait, where was i? introducing self protection from xfinity. designed to put you in control. with real-time notifications and a week of uninterrupted recording. all powered by reliable, secure wifi from xfinity. gotta respect his determination. it's easy and affordable to get started. get self protection for $10 a month. >>> let's answer some of your questions. farm early jim, er jim, we have question from you for what i think is an 8-year-old prodigy >> hi, scott right now is it better to invest in hasbro mattel due to the pandemic, i'm playing a lot of board games like monopoly, uno and i'm playing with american girl dolls i want to know which company will perform better after the pandemic >> jim, the pressure is on because she is not going to take anything less than the pick and the explanation as to exactly why this is the one to do for a long-term investor like she is she's only 8 >> here it comes wow, first off, the

with adyen, the payments platform that delivers convenience for all. adyen. business.ndaries. >>> welcome back to "power lunch. rick santelli here live at hqcme. you know, there's what, 22 sessions so far in the month of december consider this. we're currently at 92 basis points in a 10-year, down a couple on the day. the entire month's closes have been within 3 1/2 basis points of .93 that's how much we're coiling. you see that two-week chart, you can see it there if we start at the end of november you can really see how flat the market's gone and we're consolidating at levels that are basically the highest yield closes going back to covid we'll call it march and we'll call it about 10 months. but it isn't that that traders are watching most closely. it's foreign exchange. and as we've been talking about all day, whether it's trade balance issues, but those are all related to covid, or just the notion of the dollar and the notion it's a reserve currency, it is getting impacted in a negative way look at the three sessions this week alone we're down another half a perce

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with adyen, the payments platform that delivers convenience for all. adyen. business.ndaries. >>> holiday sales are booming with cyber monday setting a record for the biggest single day of online sales ever and social media scrolling is the new browsing it's driving e-commerce this year more than ever before over thanksgiving weekend social media drove one out of ten visits to retailer websites, that's a 17% increase from last year, according to adobe, and more than a quarter respondents to a new deloit survey plan to use social media to shop this year pintere pinterest, snap, are making it easier to make purchases on their platform snap uses ar to let customers see furniture as if it's part of their room facebook, which launched shop tabs this week announced it's buying startup kustomer. and pinterest users, they are spending 85% more time engaging with shopping between march and september. and all three of those companies, along with tiktok, are partnered with shopify to make it easier to buy from influencers large and small on their platforms. as more people shop on

with adyen, the payments platform that delivers convenience for all. adyen. business.ot boundaries. >>> welcome back despite massive economic uncertainty, the luxury real estate market was strong in 2020 and looks like the momentum will push into 2021 according to my next guest secondary markets are leading the way and destination vacations leading the way with stocks up 30%. will this slow down as vaccines and travel and normalcy resumes? joining me is jeff highland, "forbes" property global founder. we know this has been such a strong segment of the housing market which broadly speaking has had a huge 2020, so what tells you that this is going to last and that it wasn't all pulled forward >> all right thank you, kelly it is going to last, and it's -- it's good news going into 2021 there's opinion a very strong demand for people who are looking for backyards, walk streets, secondary neighborhoods, unfortunately fleeing some high rise locations which will come around in turn, but it has really fueled our market, and at the high end we've seen a very, very strong respon

with adyen, the payments platform that delivers convenience for all. adyen. business.ndaries. >>> watch airbnb today coming off the first day high of 165. interesting, some reports today that officials in the lake tahoe area are asking the rental site to limit bookings as california tries to enforce that stay at home order not a big impact on shares this erning, but we'll keep anye on it. we're back in a moment i made a business out of my passion. i mean, who doesn't love obsessing over network security? all our techs are pros. they know exactly which parking lots have the strongest signal. i just don't have the bandwidth for more business. seriously, i don't have the bandwidth. glitchy video calls with regional offices? yeah, that's my thing. with at&t business, you do the things you love. our people and network will help do the things you don't. let's take care of business. at&t. >>> keep your eye on square today. this report out of bloomberg saying that the company has discussed acquiring, john, jay z's title service. lukas shaw is a very good reporter over there an

with adyen, the payments platform that delivers convenience for all. adyen. business.s. >>> good morning, it's 8:00 a.m. at tesla headquarters in california and 11:00 a.m. on wall street and "squawk alley" is live. ♪

with adyen, the payments platform that delivers convenience for all. adyen. business. to jim and stock trading. >> sometimes you have ceos who are so honest. i love when they do this the stock is down 50 one of my heroes this is a fantastic company. they lonl highlight herba life and newskin as the big orders. tonight is a big night in preparation for this call, i read a 68-page book called cloud data platform for dummies because i have flank slootman from snowflake i don't want to be a dummy he's laser focused and great ceo. we have to figure out the valuation. people saying listen, you can't have a company worth 100 times sales. i can't wait -- wow, look at that down 35 last night frank. frank is one smart guy he built service now and gave it over to don don ho >> we do at nike now. >> he's brilliant. i call him the flying dutchman no one tougher he retired from the show, he was living on a cot there every day. i love him i love slootman. guilty salesforce, don't know if he sold it yet. and warren buffett that value he's buying 100 times sales. it is owned by buffett

with adyen, the payments platform that delivers convenience for all. adyen. business. boundaries. >>> the fda panel. meeting on approval of pfizer and biontech's vaccine for commercial use >> this is a meeting of outside advisors to hear data from pfizer, cdc. you can see they are talking and doing some q and a after a discussion of covid-19 at the end of the day, they are going to vote to decide whether they are in support of its use they are talking about use for people aged 16 and older this is being live streamed. on youtube, 30,000 people are watching by far the most watched fda event. dr. hanh saying it is really important there is this transparent si, given 40% of americans are hesitant we need to get more 70 to 80% of people to get to herd immunity >> we need to get to herd immunity that requires 70 to 80%. that's why we've been very careful about the review we'll make a very careful decision that vote from the committee could come between 3:00 and 5:00 today. the fda could act on that. whether tonight or over the weekend. within 24 hours, distribution will sta

with adyen, the payments platform that delivers convenience for all. adyen. business.come back, everybody. i'm sue herera a major winter storm hitting the northeast today could disrupt the ongoing distribution of the vaccine. hhs secretary azar tells fox the people are monitoring the situation and expressing confidence in fedex and u.p.s. saying they know how to deal with snow and bad weather. as the vaccines go out, the case counts go up texas just became the second state after california to reach 1.5 million confirmed covid infections. >>> same time cases in children hitting record highs nearly 180,000 new pediatric cases were reported last week. >>> and just within the last half hour word that secretary of state pompeo is in quarantine and being closely monitored after i rememberly testing negative following contact with someone that tested positive that person is not being publicly identified. pompeo is criticized for hosting several large state department holiday parties. you are to date. see you in an hour back to you. >> all right thank you. >>> the fda yesterda

with adyen, the payments platform that delivers convenience for all. adyen. business.>> what's on "mad" tonight? >> the actual fiber weave that makes it so it works. we have david -- he already -- yeah. you broke the ground. we'll follow up. one of the most exciting companies i know, veru with breakthrough news this weekend to follow up on. health care. >> all right. that's a heck of a way to kick off the week. see you tonight. >> thank you. >> congratulations on your win last night. oh buddy. good monday morning, everybody. welcome to "squawk on the street." the historic monday morning as pfizer delivers the first vaccines to u.s. patients. we are watching that. not to mention stimulus talks, m&a. >> we'll keep an eye on that. the roadmap starts with the vaccine rollout w. the first doses of the coronavirus vaccine administered last hour, the nation's largest vaccine campaign in u.s. history is now officially under way. >> meantime, what's to come for america's most vulnerable? nursing homes at the top of the list for pfizer's vaccine. got details on what's next on th

with adyen, the payments platform that delivers convenience for all. adyen. business.s. people are saving hundreds in a land not so far away, on the most reliable network with xfinity mobile. they can choose from the latest phones or bring their own. and because they get nationwide 5g at no extra cost, they live happily ever after. again! again! your wireless. your rules. your way to stay closer together this holiday season. switch and save up to $400 a year on your wireless bill. and get $150 off when you buy a samsung a series phone. learn more at xfinitymobile.com. >>> you can see the market is down but bank stocks are not in fact they are rallying. jp morgan authorizing a $30 billion buy whack program. tom, let's tart there on the buy backs. the big banks getting the permission to buy back a lot of potential stock. i would assume it's a positive will we see a trend here >> it's a very big positive. remember, the fed didn't do one stress test this year, they did two. they came back and did even a more severe one than the severe one they had earlier in the year we th

with adyen, the payments platform that delivers convenience for all. adyen. business.ot boundaries. >>> welcome back good afternoon it's time for a cnbc news update >> good to see you here is what's happening in southern california, 7,000 people have been ordered to evacuate their homes the so-called creek fire broke out overnight on camp pendleton. it has grown to 750 acres but is 35% contained. in bosnia, shots show the total destruction of a migrant camp that burned yesterday. just before it was to be closed for the winter more than 1,000 migrants have been left to sleep in the cold in italy, police are enforcing enhanced travel restrictions which went into affect today the new limits come as italy confirmed its 2 millionth case, making it the eighth country to do so. in southern england, lines are shrinking. thousands of truckers are waiting to get tested before they can make their crossing to france some spelled out a call for assistance look at that those are the traffic cones. they are big you can see it from far above. hopefully, they will get tested and home i

with adyen, the payments platform that delivers convenience for all. adyen. business. not boundaries. >>> welcome back the dow and s&p closing at record high inside the final trading day of the year. and tech having a banner year. nasdaq surged 43%, its best year since 2009 with more on how to position yourself for 2021, savita subramanian joins us with bank of america securities. great to have you. thank you for joining us clearly, phenomenal market performance this year, particularly for the tech stocks does tech lead again next year >> i think tech can do really well next year but i think the leadership we saw this year is not likely to replicate. the reason i say this is that if you look at positions, if you look at valuations, if you just look at the sort of crowded elements for these technology leaders, you know, there is not that much buying pressure. you know, the world is already long tech. i think there are other parts of the market that look incrementally interesting as we move to a more reopening economy. our view is maybe you buy -- you continue to buy gdp

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with adyen, the payments platform that delivers convenience for all. adyen. business. not boundaries. >>> jp morgan making an acquisition in the credit card rewards space. i will hinges on a travel rebound in the new year. hue sun has the story. an interesting story congrats on that i have two general questions. to what extent is it this rebound in travel and credit card spend in general versus buying something that's a depressed asset given its exposure to things like travel this year? >> i think one can assume -- let's take a step back they purchased cx loyalty, one of the biggest operators of these credit card loyalty programs they are the behind the scenes operator the loyalty programs at citi group, at capital one, at u.s. bank and at mastercard. s that company with a bit of scale already and chase is buying this. i think in the short-term you can say that as you know we have all about holed up in our homes and dying to travel. so 2021 to be a strong travel year that's anticipated i would anticipate that the price -- we were trying to find out the price that chase

with adyen, the payments platform that delivers convenience for all. adyen. business.oundaries. we're going to find the perfect tree. we're going skating. we're going to nana's. wherever you go this holiday, chevy can help you get there. which is why we're making our chevy... ...employee discount available to everyone. the chevy price you pay... ...is what we pay. not a cent more. so wherever you go, happy holidays from chevy. use the chevy employee discount for everyone to get over six thousand eight hundred dollars below msrp on this equinox. get the chevy employee discount for everyone today. >>> i'm seema mody, here is your covid update at this hour. president-elect joe biden will accuse the trump administration of "falling short" on the pace of covid vaccinations and how his own plan to speed them up in comments following a meeting with his covid advisory team that, according to a transition official speaking with nbc news. >>> vice president-elect kamala harris is set to get her covid vaccination today, about one week after biden got his shot. >>> we're continuin

with adyen, the payments platform that delivers convenience for all. adyen. business.ndaries. >>> we've spoken a lot in recent weeks about how companies will be handling covid vaccines chipot chipotle ceo says they will not requi their workers to get the vaccines >> we'll strongly encourage it and cover any of the costs associated with getting access to it as well as the ability to get a vaccine. but we won't mandate take temperature it, but strongly encourage it. >> chipotle is up about 70% year to date due in part to a shift of online pickup and delivery orders >>> and coming up, one of t advisors of joe biden will be joining us on the pandemic i made a business out of my passion. i mean, who doesn't love obsessing over network security? all our techs are pros. they know exactly which parking lots have the strongest signal. i just don't have the bandwidth for more business. seriously, i don't have the bandwidth. glitchy video calls with regional offices? yeah, that's my thing. with at&t business, you do the things you love. our people and network will help do the thi

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with adyen, the payments platform that delivers convenience for all. adyen. business. not boundaries. >>> time for the executive edge. "wall street journal" has a piece detailing difficulties in redeeming airline credits issued during the pandemic. for example itsays united is two types of credits, one that can be redeemed until all the value is used and another is just one shot. so if you rebook for a trip less expensive, united pockets the difference and you can't book on their partner airlines american airlines meanwhile, their pandemic travel credits don't lose their value, but there are restrictions you can't use them to book flights for other people for example. and southwest and delta have relatively simple terms, you can apply the credit to multiple trips. and all these rules are a pretty big consumer issue as consumer think about traveling in 2021 using those vouchers that airlines forced them to take instead of refunds and i guess just another reminder that vouchers, credits, miles, reward points, they are not really money, just a promise of some sort i'm sur

with adyen, the payments platform that delivers convenience for all. adyen. business.>> still to come this morning, why investors couldn't get enough exposure to high ipos and spacs this year, and whether we can expect a sequel to that story in 2021. stay tuned you're watching "squawk box" on cnbc ready to shine from the inside out? try nature's bounty hair, skin and nails gummies. the number one brand to support beautiful hair, glowing skin, and healthy nails. and try advanced, now with two times more biotin. >>> pandemic did little to slow down the frenzy in the ipo market you could argue it helped to some extent with easy money and the fed. investors piled into public offerings at a record rate with a big boost from aspects there were 281 ipos in 2020. 66 of them have doubled as of today. there have been 248 spac ipos this year, last year only 90 joining us is j.j.kinnehan, chief market strategist, very little is everything is great, j.j., but is this a manifestation of easy money looking for a home or how quickly technological advances are being made right now, and

with adyen, the payments platform that delivers convenience for all. adyen. business. not boundaries. >>> still to come this morning, the battle for bigger stimulus checks continues on the hill we'll talk to senator pat toomey for the latest out of washington that's next. >>> later, is the curtain coming down on movie theaters the hard-hit sector taking blows from both covid and streaming. so will theaters survive in a post pandemic rlwod? we'll get to that question "squawk box" will be right back. hey, dad! hey, son! no dad, it's a video call. you got to move the phone in front of you like..like it's a mirror, dad. you know? alright, okay. how's that? is that how you hold a mirror? [ding] power e*trade gives you an award-winning mobile app with powerful, easy-to-use tools and interactive charts to give you an edge, 24/7 support when you need it the most and $0 commissions for online u.s. listed stocks. don't get mad. get e*trade and start trading today. witenergyng, and change came to every part of our universe. seismic or small, it continues. change is all around us.

with adyen, the payments platform that delivers convenience for all. adyen. business.aries. >>> good morning, president trump approves $900 billion in coronavirus relief but benefits lapse for millions of americans over the weekend as trump waited to sign the bill futures meantime pointing to a positive open on wall street today begins the final holiday shortened week of 2020. >> and china's crack down on payment ant group intensifies. the second hour of "squawk box" begins right now >>> good morning, and welcome back to "squawk box" here on cnbc i'm joe kernen along with melissa lee and mike santoli, as you can see becky and andrew are off today. u.s. equity futures have been really trading higher since the news was out about the president finally signing that bill, up 180 points right nowon the dow s&p indicated up 27, and the nasdaq at this hour up about 83. that's about what we have seen, only been on for about an hour, but i think i was there on worldwide exchange as well >> been pretty consistent since the overnight hours. here's what's making headlines at this h

with adyen, the payments platform that delivers convenience for all. adyen. business.s. >>> futures right now indicating triple digit gains of 230 points on the dow. i didn't write this, mark. joining us now is billionaire marc lasry. i mean, is that what you are? is that who you are? does that define anything about you? it's so gosh. the chairman, ceo and cofounder of avenue capital. co-owner of the milwaukee bucs, and i apologize in advance for that. you know what, though, never feel bad for someone who's got their own private jet. anyway, it's good to see you, marc, i don't want to pigeon hole you there. and there's no envy or anything that i'm manifesting. i think you're wonderful. >> well, thank you. >> hey, marc. >> yes, sir. >> you have made some pretty cogent competenments about how economy has changed in terms of how a lot of companies that have benefitted where five or ten years have been squeezed into one year, and they were at the right place at the right time. and we know the flip side of that, how difficult it has been for many companies. as a buyer and s

with adyen, the payments platform that delivers convenience for all. adyen. business.ies. >>> futures down sharply despite the news that congress has reached a $900 billion stimulus deal >>> the big drag on sentiment this morning is a new strain of covid-19 in the uk dr. scott gottlieb will join us to talk about this and the rollout of moderna's vaccine. >>> plus, tesla's debut in the s&p 500, what could be the next big catalyst for that stock. we've got a live report as the second hour of "squawk box" begins right now >>> good morning, and welcome back to "squawk box" here on cnbc i'm joe kernen along with becky quick, andrew is off today dow is indicated now down 436 points that's off some of the worst levels down more than 600 at one point. virus concerns weighing, outweighi outweighing any positives from the weekend agreement by congress travel stocks getting particularly hard hit. check out the airline stocks this morning, which are down anywhere they have been down more than this, down 3 and 4%, they have been down almost 10, some of them hotel stocks are also un

with adyen, the payments platform that delivers convenience for all. adyen. business.ack, everybody. let's get to cnbc headquarters and check in with jim cramer jim, you know, it's pretty historic day for humanity to watch these very first vaccines actually being given to citizens in the united kingdom. market is not all that impressed because we knew this was coming and i guess it's got me thinking about thursday and the fda meeting here: if we get the fda approval for emergency use authorization for that pfizer vaccine here in the united states, do you think the market does anything or is it anticipating that it's going to get that approval and it's look out below if it doesn't. >> i think it has been anticipating that. there's an interesting article on a publication called green mail in britain, it says by late quarter one across advanced economies, there will be a vaccine glut that, i think, would impress people a vaccine glut, if this publication is right by christmas, they think tens of millions of americans will have been vaccinated including nearly all 22 milli

>> adyen, adyey. >> tim. >> higher rate for sherwin-williams housing trade. >> guy >> typically i don'tch there is left rabil is a stud and blackstone goes up too. >> do not go anywhere. a bonus edition of "fast money" begins right after this. labradoodles, cronuts, skorts. (it's a skirt... and shorts) the world loves a hybrid. so do businesses. so, today they're going hybrid with ibm. a hybrid cloud approach lets them use watson ai to modernize without rebuilding, and bring all their partners and customers together in one place. that's why businesses from retail to banking are going with a smarter hybrid cloud using the tools, platform and expertise of ibm. >>> hello "mad money" fans jim is off today we got a big show for you. it has been a big year for you individual investors out there your top trades included airlines and virgingalactic an npo. let's start in that order. i am here in the beautiful midwest. airlines, i have been watching them for a while and with the vaccines out and people are starting to come out to travel, just curious is now a good time to jump in some of the air