bob moses? >> except bob moses. he was very general, very vague. >> reporter: with the frisco pd detective on the stand, walker played bob's>> i mean, i probably took the dog for a walk. >> reporter: remember, bob said he'd been at home most of the day and into the evening. but on the stand, bob's housemates all said they couldn't vouch for him. >> do you ever remember seeing bob moses in the house? >> i would say no. i was rarely in the house. >> so on january 13th, you don't remember -- >> i don't remember seeing him at all. >> reporter: the prosecutor said bob's whereabouts couldn't be confirmed until he appeared on that restaurant video at 7:00 p.m. the texas ranger told the jury anna was killed an hour earlier. >> i knew she had left work, her office around 5:00. >> reporter: he mapped out her final trip using videos from the security cameras on her route, including that video from a neighbor's camera right near anna's home. >> she was captured one more time as she was traveling north on charleston. >> reporter: even though the timestamp says 6:59 p.m., police determined it was actually 5:49 p.m. when anna's car drove

rear bob bob and not want to make such statements. oh. i don't know why i was so dumb part of her some people are just don't see see things. in a new way one time changes and concepts change there's no change when that there is a. change and. they dislike and then pass iowa saw. a good rational changes flung. out over 90 years old mr parker is finally able to reap the benefits of his work in astrophysics 60 years after he discovered solar winds it's now possible to take the 1st measurements and photos of them in the middle of the corona. and the spacecraft has been named the parkers solar probe in his honor. where heat of the sun is unfathomable rising to 15000000 degrees celsius at its core the energy is then emitted outward via particles in a process that can take hundreds of thousands of years during this long journey outward the particles become fatigued diminishing in energy and turning into visible light. scientists have determined that the sun's visible surface still has a temperature of 6000 degrees however. the space probe is pre

is bob bob dylan's music legend still knows how to make headlines whether by winning the nobel. as for literature and 2016 by selling the rights to 600 of his songs to universal music in 2020 this year dylan want to have to do much to draw attention rather than simply turn 80 years old on may 24th. and finally be number 7. thought we were done with the beethoven here thank you again the coronavirus pandemic resulted in the cancellation of most of the events planned for the bom beethoven festival honoring the 250th anniversary of the great composers burt. so they've been postponed to the summer of 2021 when the worst of co bit is hopefully over. given how much there still is to discover about beethoven one year is too short anyway. so this year is also up and tobin year. and that brings us to another big affecting culture of this year brags that the united kingdom is now fully out of the european union but what does it mean for the arts college market kruger is here for more mike and a few days ago we finally saw that u.k. e.u. trade agreement we've all been waiting for what abou

our 6 to be is bob bob dylan a music legend still knows how to make headlines whether by winning the nobel prize . as for literature and 26 team by selling the rights to 600 of his songs to universal music in 2020 this year dylan won't have to do much to draw attention other than simply turn 80 years old on me 24. and finally be number 7. thought we were done with the beethoven here i think again the coronavirus pandemic resulted in the cancellation of most of the events planned for the bon beethoven festival honoring the 250th anniversary of the great composers burt. so they've been postponed to the summer of 2021 when the worst of co bit is hopefully over. given how much there still is to discover about beethoven one year is too short anyway. so this year is also ok to be in year. and that brings us to another big be affecting culture of this year brags that the united kingdom is now fully out of the european union but what does it mean for the arts college market cruder is here for more mica a few days ago we finally saw that u.k. e.u. trade agreement we've all been waiting for wo

in our 6 to be is bob bob dylan the music legend still knows how to make headlines whether by winning the nobel for. as for literature and 26 team or by selling the rights to 600 of his songs to universal music in 2020 this year dylan won't have to do much to draw attention other than simply turn 80 years old on me 24. and finally be number 7. thought we were done with the beethoven hero thank you again the corona virus pandemic resulted in the cancellation of most of the events planned for the bom beethoven festival honoring the 250th anniversary of the great composers burt. so they've been postponed to the summer of 2021 when the worst of co bit is hopefully over. given how much there still is to discover about beethoven one year is too short anyway. so this year is also ok to have in year. and that brings us to another big be affecting culture of this year brags that the united kingdom is now fully out of the european union but what does it mean for the arts our colleague michael krueger is here for more micah a few days ago we finally saw that u.k. e.u. trade agreement we've all b

>> apple bobbing, bobbing for apples. nobody wants to bobor apples and mcdonald's play places, serotonin and dopamine. unsuccessful 2020. greg: if you are going that direction and not a bad person but a victim the real loser is everybody who was looted. >> i don't know if apple bobbing will ever come back. >> movie theaters are losers because they are not coming back. this is a theory i don't buy into completely, spitballing which you shouldn't do in the era of covid-19. did covid-19 the race certain things that were already on their way out in terms of businesses, people stopped going to movies and this went like this, kicked it out the door. we are going into a very grim place but an interesting way of looking at it, people that were unfairly damaged and there were so many. i had a lot of losers. experts, they were wrong every single week. don't wear masks, then wear masks, go to the parade, don't go to the parade but if there's a protest, go. other losers, hard news. i'm so tired of hard news pretending they know everything when it is com

those have all been determined what pat hopefully can do, and no offense to bob -- i like bob. bobvery good cfo and i think a very good executive. by his own admission he doesn't have the same kind of engineering background he's less able intrinsically when presented with numerous potential choices for where to go, how to make that choice. pat can make those choices and understands the issues ideally he'll be able to steer the ship maybe a little clearer to where it needs to go versus what bob can do. i don't think there's a whole lot pat can do to change the near to medium term trajectory in terms of the things you mentioned. share losses, other customers going internal like everything else that will happen >> yeah. although, pat, if you're gelsinger and you take stock of the influence so far from amd, the moves by apple, obviously the challenges internally in terms of execution, where we are in the cycle, i mean, now would be a pretty good time to take the job, right isn't the bar extraordinarily low? >> it's a great opportunity, and pat is super competitive and i think what he s

bob radell joins us. bob, this election will determine so much more than those two seats. >> correct. good morning to you, scott. the senate runoff in georgia will determine who controls the u.s. senate, democrats or republicans. msnbc reported that earlier many polling places in georgia had short lines, while some had long lines but not like the long lines like we saw during the general election. those polls open at 7:00 this morning. the democratic challenger rafael warok are taking on kelly loeffler and david purdue. if democrats win, it will create a 50/50 split with vice president-elect kamala harris holding the tie breaking vote. the election results might not be finalized until friday since georgia prohibits mail-in ballots from being counted before today. we expect there to be a high volume of those. president-elect joe biden visited georgia yesterday and president trump had a rally last night on behalf of loeffler and purdue. he said during the rally, i don't do rallies for other people. i do them for me. president trump is pressuring congress to change the outcome of his own election when senators and representatives meet tomorrow to count the electoral vote, which is largely a formality. the states have already certified the votes in favor of president-elect joe biden who has 306 electoral votes to president trump's 232. reporting live, bob redell. >> bob, there is never a dull moment, thanks. >>> new at 11:00, leaders in scotland are telling president trump to stay away. don't come play golf during joe biden's administration. because of the covid lockdown, travel to scotland is only for an essential purpose. according to a scottish newspaper, the airport was told to respect the arrival of a u.s. military plane sometimes used by the president on the day of biden's inauguration. the trump administration won't say what the future former president is going to do on inauguration day. >>> pressure building up in san francisco against the district attorney there. thousands demanding he resign for not taking more legal action against a driver in that deadly new year's eve hit-and-run legal action before it even happened. cierra johnson is live in san francisco. there is a petition and there are quite a few signatures. >> yes, good morning. in the last 20 minutes, it had more than 5,000 signatures. folks calling for san francisc

this is my colleague, bob, he's the great bob cusak, editor and chief of the hill. he's the serious one. i'm the [captioning made possible by the national captioning institute, inc., in cooperation with the united states house of representatives. . in this i just have to start asking about the twitter fashion show. we got it muted. there we go. >> oh, my gosh. i had to do it. people were so excited about the fact that somebody spoke up about thrifting. publicly like it was ok. i'm not ashamed of it. >> it's great. >> yeah. people need to know. >> just for the audience following this, what you are saying is, hey, you are coming to washington, getting dressed for the scene is not something most regular folks are ready to do and can afford. you got good advice from who? > from alexandra ocasio-cortez

our 6 to be is bob bob dylan a music legend still knows how to make headlines whether by winning the nobel prize . as for literature and 26 team by selling the rights to 600 of his songs to universal music in 2020 this year dylan won't have to do much to draw attention other than simply turn 80 years old on may 24th. and finally be number 7. thought we were done with the beethoven here think again the coronavirus pandemic resulted in the cancellation of most of the events planned for the bon beethoven festival honoring the 250th anniversary of the great composers burt. so they've been postponed to the summer of 2021 when the worst of co bit is hopefully over. given how much there still is to discover about beethoven one year is too short anyway. so this year is also ok to have in here. and that brings us to another big be affecting culture of this year brags that the united kingdom is now fully out of the european union but what does it mean for the arts college market crude is here for more mica a few days ago we finally saw that u.k. your trade agreement we've all been waiting for

what bob was talking about is a primary use of options, and there's three categories i lie to think about bobg options the way they suggested. making directional bests short term in nature, leverage small a amount to capital but need something to happen for that to be profitable. probability of profit is lower another possible use case? hedging. nice thing about hedging, reduce overall risk smooth your returns. buying insurance always comes at a cost generally speaking, your cumulative returns are always going to be lower. final use case and probably the one most people just starting out with options ought to consider is generating yield by overwriting. the nice thing about this is you're going to enhance your yield, and as carter pointed out last week, yields, dividends, returns, those over time can be a very meaningful part of your investment returns overall an important thing to consider pick stocks you want to own for the long term and try with the yield. example of this? microsoft, trading right around $228 today if you don't already own the stock, what you would be doing is buy right, b

. -- bob not -- bob mack now mara -- bob mac namera, his secretary of defense , he knew him a week before he made him that. there was a chaotic random quality. one newspaper pundit called his cabinet nine strangers and a brother. bobby kennedy was the attorney general. so the kennedy cabinet and we're still trying to kind of untangle, you know, the vietnam legacy particularly weighs heavily on that. and eisenhower had a real solid functional cabinet. there were some good people. they were -- they followed his sort of kind of no drama type of approach, but they were solid professionals and i think were pretty solid. eisenhower's popularity -- i think it average 64% during his presidency. the intellectuals didn't respect him. he was constantly derided as a guy who loved to golf and cook steaks, but he was actually respected by the country very deeply. in fact, time magazine had a 1959.n it was a gallup poll that had him as the man of the decade. so eisenhower was respected and revered by the people, but less so by the intellectual class. and that grated on him. he pretended it did not, but

bob gates, who has written a book called "exercise of power" which i've read and highly recommend. now we're going to talk about this book and also a little about bob's career and i should point out that bob long time ago, about four decades ago in the carter white house when i was deputy domestic policy assistant to stewart eisenstadt and bob gates was there. did you think you would become one of the most famous secretaries of defense and have a heralded career. did you think about that when you were his executive assistant? >> first of all, david, we're probably both in situations we never dreamt about back in the late 1970's. you know, i joined cia in 1966. i was recruited out of the russian and east european institute out of indiana university. just to do my bit in the cold war, and i never dreamed in those days that i would end up being the director of cia at the very time the soviet union collapsed. so, it was quite a trajectory and nothing i could have ever predicted. >> so, for those who haven't followed bob's career. bob was not only the head of the cia, but for five years, the secretary of defense under two presidents, president bush 43 and president obama, he was also the chanc

bob pisani is here to tell us how the retail investors can drive this higher in 2021. bob good to see you. >> good to see you as always, melissa. stock trading volumes exploded in 2020 and they're up even more in january, believe it or not. three signs point to retail investors as the primary reason overall trading is up. first, the tape that reports retail trading known as the trade reporting facility or trf for short has seen a dramatic increase in the last year to a record percent of the overall trading volume second, monthly trades at retail brokes like charles schwab, interactive brokers also hit a record finally, equity option trading is way up. december average of 32.7 million tract trades on all the equity options trades on a daily basis. also a record. in january so far, 39.8 million contracts a dap ty trading. a record and another indicator of retail activity another one. trading in single contract options doubled in market share from 4% to 8% of the contracts and tripled in volume in contracts per day. that's retail trading. institutions are not buying and selling a single options contract as for the options trading in general, traders tell me that the same if a non nom na we talked a few months ago buying out of the money call options so popular in 2020 continues in january. there is still a lot of interest in these short-dated calls those are the options with longest odds against the buyer, because they decay rapidly but keep working long as the markets and individual stocks keep going up sign retail traders are getting more cautious? remember, tom petterfi told me in december his clients were net short in the market prior five days call buyers predominant in the pashgt melissa, volume in equities a lot of volume is in the bottom rung of the nasdaq and nyc $2 and $3 stocks a lot of activity in the conference rooms and the chat rooms, and that seems to be back again in a very, very big way. bear that in mind. nos tesla necessarily. the bottom rung of the stock market back to you. >> right new chat room apparently, bobu, bob pisani. >>> whether joining u.s. tonight, new to the options game or the salt of the game, always risk to make more. tonight professor khouw reviews how to buy right here with the "calm to al to ac >> three categories to think about. bob is right using options the way they suggested. making directional bests short term in nature, leverage small a amount to capital but need something to happen to be profitable probability of profit is lower another possible use case? hedging. nice thing about hedging, redice overall risk smooth your returns. buying insurance always comes at a cost generally speaking, cumulative returns lower. final use case and probably the one most people just starting out with options ought to consider is generating yield by overwriting. nice thing about this that you're going to enhance yield and carder pointed out last week, yields, dividends, returns, those can over time be a very meaningful part of your investment returns overall an important thing to consi

bob. bob: right. maria: he's facing pressure right now. it just doesn't add up and doesn't ring true, is the bottom line for jack dorsey, bob, good to have yournsights, thanks very much. bob: thanks, maria. maria: all right, we will see you soon. morning mover is intel, chip giant extending yesterday's gains after the company announced a change in the top, ceo bob swann stepping down, next month replaced by the current ceo of vm wear, this coming after an activist push by third points dan lobe, intel shares up two and three quarters percent after the move is successful. real quick, dagen and heather, great to see you this morning. your thoughts? dagen? dagen: heather, you go first. heather: hey, maria, you saw rise above 7%. the chip maker, really when you put them against their peers, semiconducts have done very, very well during the pandemic but intel has struggled so i think was embrace the new leadership, you see premarkets up over 2% premarkets so i think this was a must-needed change. maria: all right, let's take a short break, we have a lot coming up in the next break. we are just getting started this morning. coming up texas congressm

bob, good to see you. come back soon. thanks very much. bob: all the best. maria: bob doll. page is here on president biden's executive orders and new york congressman lee zeldin will join the conversation about how president biden will handle bipartisanship. making a buzz this morning. it is a bird, it is a plane, well, it's a car. we will show you cadillac's flying car of the future. you're watching mornings with maria live on fox business. dagen: president biden expected to sign two executive orders helping families and businesses facing hardships. first asking agencies to enhance benefits to support families, the second providing nexts and benefits for federal workers including plans for a 15-dollar minimum wage. the president already signing more than two dozen orders since wearing in including a wave of orders combating the coronavirus pandemic. joining me now the chicago tribune syndicated columnist clarence page, clarence, always a pleasure to see you. what do you make of what we will see today but the slew of executive orders signed by the president so far? >> the p

bob pisani is here to tell us how the retail investor could drive options trading even higher in 2021 hey, bob, good to see you. >> good to see you as always, melissa. stock trading volumes exploded in 2020 and they're up even more in january, believe it or not. now, three side points to retail investors, the primary reason overall trading is up. first, the tape that reports retail trading is known as the trade reporting facility or trf for short. it's seen a dramatic increase in the last year to a record percent of the overall trading volume second, monthly trades at retail brokers like charles schwab and interactive brokers have also hit a record finally equity option trade sergio garcia up december saw an average of 32.7 million contract krad on all the equity options exchanges on a daily basis, also a record. but in january so far, 39.8 million contracts a day are trading. that's another record. and it's another indicator of retail activity. here's another one trading in single contract options have doubled in market share from 4% to 8% of the contracts, and crippled in volume in contracts per day. now, that's retail trading institutions are not buying and selling a single options contract as for the options trading in general, traders tell me that the same phenomena we talked about a few months ago, buying out of the money call options that were so popular in 2020 continues in january now, there is still a lot of interest in these short-dated calls. those are the options with the longest odds against the buyer because they decay so rapidly but they keep working as long as the markets and individual stocks keep going up is there any sign retail traders are getting more cautious? remember, interactive brokers chairman tom peterfy told me am december his clients were net short in the market in the prior five days. traders tell me that call buyers are still predominant in the market melissa, one thing about the volume in equities a lot of the volume is in the bottom rung of the nasdaq and the nyse $2 and $3 stocks there's a lot of active in conference rooms and chat rooms. that seems to be back again in a very big way bear that in mind. it's not tesla necessarily a lot of it is the bottom rung of the stock market. back to you. >> it's the new chat room apparently, bobu. bob pisani >>> whether you're joining us tonight new to the options game or as an old salt, as our slogan states, we risk less to help you make more. how to buy right here with the call to action, mike >> that's right. what bob was talking about is one of the primary uses of actions. there's three categories i like to think about one is using options the way he was suggestion buying short data calls to make directional best short in nature, leverage a small amount to capital. the problem is you need something to be profitable the probability of profit is lower. hedging, the nice thing about hedging is it can reduce your overall risk, smooth your returns. buying insurance always comes at a cost cumulative returns are ultimately going to be lower the final use case and probably the one most people who are just starting out with options ought to be considering is generating yield by overriding. the nice thing is you're going to enhance your yield. as carter pointed out last week, yield

bob evans was the same man that abandoned lisa. we wanted to see how, if at all, may he be related to the four allenstown victims. >> remember, they know bob evans is gordon jenson/larry vanner. they have his dna. so they test the dna from the bodies in the barrels in new hampshire against the dna that he left in california. >> and what they got back from that result was something nobody expected. it turned out that the middle child victim, the child who was not related to the other three victims, she was actually the daughter of bobes who was known as robert "bob" evans during his time in new hampshire. they say dna shows one of the girl victims was evans' daughter. >> and there was just a moment of, wow, we got it. this is definitely him. we got a lot of work to do from here to try to figure out who this guy is and what the rest of the story is. >> it conjures up all sorts of questions as to, who is the mother? is she alive? is she dead? because, let's face it, there's a lot of dead people in this case tied to evans. >> and we do fear that his daughter's mother is probably another victim somewhere. >> it's extremely rare to know who the killer is but not know who the victims are. usually when that happens, that's serial killer territory. >> the whole idea that he actually would kill and dismember his own child i think is beyond comprehension. but the important thing to understand with serial killers is they have no empathy or feeling or caring about anyone. >> so, now we knew that this man went by four different

bob iger's team, by the way. remember bob >> of course. >> once you leave, the ceo, people wforget. >> he is out there right now hi, bob enjoy the weekend. "mad money" 6:00 p.m. eastern time. >>> welcome to "squawk on the street." i'm carl quintanilla with david faber and morgan brennan stocks, gains for the week, still intact off the early session lows, intel and ibm about 95 points off of the dow at the open, getting existing home sales as well right to diana. >> carl, existing home sales in december rose slightly, 0.7% month to month to a seasonally adjusted annualized rate to 6.7 million units. the street was looking for a drop and november's number was revised slightly higher. sales up 22.2% year over year according to the national association of realtors. we get the full year 2020 numbers. what a year for housing after it plummeted, sales, in the spring and into the summer. they have soared right back. we ended the year with 5.64 million units sold. that is the highest sales pace since 2006, or before the great recession. we could have seen even higher sales were inventory not so bad. in december, inventory just

bobbing's going to come back? >> greg: how about movie theaters? their losers because they're not coming back? >> apple bobbing greg: you know what it is, okay, this is a theory and i don't buy into it completely, but i'm spitballing which you shouldn't do in the era of covid by the way, but i'm spitballing. did covid erase certain things that were already on their way out in terms of businesses? like people stopped going to movies and this one just went like this and kicked it out the door. i don't want to use the analogy too far on because it will go into a very grim place. but it's an interesting way of looking at the end to you saw it as people who were unfairly damaged and there so many. my loser, i had a lot of losers as you know. experts come i can't trust experts. there wrong every single week. don't wear masks, they wear masks. go to the parade, don't go to the parade but if there's a protest, go. anyways. other losers? hard news. i'm so tired of hard news pretending that they know everything when in fact it's common people like me who've been right! i don't know why had that on my list. okay, the med

shery: bob, thank you, bob moritz chair of pwc international.take a look at the state of trading in this part of the world, a roller coaster ride. gamestop took over all the headlines and retail investors had their moment in. -- moment in the sunlight. transport data showing a drop as the virus its manufacturers, the second months of decline for industrial production in japan. the kospi lower, actually robust in the latest reading. in sydney, abroad rebound after the biggest drop since september last year in a thursday session. we are seeing a second day of gains, and gme, a case of mistaken identity, not gme, gamestop. new zealand up 2% after the bank saying inflation target will be reached much earlier, june of this year instead of the third quarter in 2023. flat trading when it comes to asian equities broadly.coming ue analysis on the mayhem over gamestop. wolfpack research founder dan davis joins us in you can find out why he says more regulation is the wrong position. plus, the outlook for stimulus and more recovery with quadratic analyst -

bob pisani. hey, bob >> hello, good morning happy tuesday, everybody this is what is so frustrating for investors. we had a 100-point swing in the s&p 500 yesterday and the s&p, 100-point swing, a notable down day, and what do we get? nothing. no follow through at all no clear trading pattern, no momentum one way or another. this makes it very difficult we twisted ourselves into pretzels yesterday, trying to explain the thinking of the trading community and yet today, it is like it didn't exist at all. so what happens today? as carl mentioned, energy makes a comeback well, it was flattish yesterday. all of the sort of cyclical stuff, reopening stuff, energy, materials, industrials, banks, they're all the stuff that is moving up, even reits which had a terrible day yesterday moves up try to explain this in terms of momentum or investor sentiment it is very difficult tech is flattish by the way. one thing that is moving and almost every single day is emerging markets the weak dollar is really helping these emerging markets that's been a classic relationship but it is very noticeable. here is the simple one to look at the largest emerging market etf, which is very heavily weighted towards asia and parts of china as well. this is the highest level since 2007 for this, 2007. remember that? that was the asian tigers, remember all that? i was there. most of you weren't. it was traumatic now you see the big moves up against. emerging markets is a big theme for 2021 in terms of the market risk, nothing really changed we talked about this yesterday we tore ourselves into pretzels trying to explain this concerns about the democrats controlling the senate, we'll get an answer to that pretty quickly. concerns about the slow vaccine rollout, concerns an imact on the econo the economy, and supporting earnings vague fears about inflation in the second half that recovering growth in the high debt levels would drive bond yields higher that's pretty far off. i just want to show you the earnings situation because the market is anticipating a second quarter reopening. and you can just see it in the numbers. there is the fourth quarter. 36 -- the s&p 500, the quarterly numbers, you see how it just creeps up and starts really popping in the second quarter, and the third quarter it really starts popping what does it all mean? they're talking about 30 to 35% earnings higher in 2021 than 2020 and the numbers would be record in terms of total dollar amounts. and those are just the actual numbers, the whisper numbers are much higher than this. the market is anticipating a major roll jou majma major rollout and there you see it in black and white. with the expectations this high, there is a lot of risk in the market strange decision, david mentioned this, about the new york stock exchange, reversing its delisting decision it had decided around new year's it was going to delist three china telecom companies. china mobile, china unicom and china telecom. they said they decided not to delist it. the only explanation was in light of further consultation with relevant regulatory authorities, i have tested them, they have declined to provide any further guidance on what their decision-making is but i think the answer probably here is that treasury was the one who promulgated the regulations at the request of the president, and it is not exactly clear whether companies should be delisted or not delisted i think it is probably clear that to the nyse it is not clear that those three companies should necessarily have been delisted a strange about face, carl, on that, but that seems to be the obvious explanation. a lot of room for interpretation and you see the bounce from the three companies and the nyse is happy not to antagonize a big listing partner, the chinese government, for any future listings carl, back to you. >> yeah. we'll be looking for some more background on that, bob. thanks bob pisani when we come back, we're going to get to cramer's investment themes for 2021. first, though, get a look at the bond report today, see how treasuries are faring this morning. yields on the rise across the board. ism manufacturing at the top of the hour in the uk, the pound, stabilizing, as prime minister johnson announces that third national lockdown last night due to covid, of course. and we'll finish with a look at the three-year chart of the dollar index you see what happened to the greenback over the past year or so we'll be right back. competition beat us, again. how? they have a better finance system than we do. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? workday. got to do something. workday! i think i got something. work... hey, rob, you're on mute. hello. [all] hey... there he is. workday, the finance, hr, and planning system for a changing world. ♪ch-ch-changes new projects means you nee

bob pisani. hey, bob. >> and the dow is having a lot of problems today, carl, and that's because wall street can't quite figure out what kind of trend it wants to start following. remember in the earlier part of january, it was all about cyclical, all about energy, and all about banks, and material, and that kind of reversed in the last fow days. take a look at the sectors that we are seeing today. sudden you will the last few day, wall street wants growth and technology and that means china and china is the outstanding story of the year. it is far and away the biggest market gainer at the year. that is mchi at the top there. consumer discretionary and the banks and the energy market leaders later on, they're kind of lagging here and you can see the problem in the dow, all showing up in the dow, while the dow is underperforming today, because financial stocks, and energy stocks, in particular, if you put the dow up, the dow components, chevron, boeing, goldman, american express, visa, they're all waying on the markets, weighing on the dow as you can see here this is the opposite of what we saw just about a week ago, when the market leaders were all, the january leaders were all energy stocks, and bank stocks, and they're still the leaders for the month, so it is starting to flip around. and technology is now starting to come to the fore. semiconductors have been really strong for a while consumer staples generally the defensive names like consumer staples and utilities have been lagging throughout the month and again, do we want to buy technology and growth or cyclicals? that's what the market can't seem to decide the one thing it can absolutely decide, it loves apple as you know, average knows, reporting apple on wednesday and boy, the talk about this apple iphone super cycle i see numbers 240 million iphones may be sold in 2021, some people are getting 1250 i th-- 250 i think the record is 250. listen to jim. there's a lot of bullish expectations built in here and what is concerning is you make the expectations and then you sell on the day after. this is actually a genuine phenomena that has been happening in earnings season. >> we have about 15% of the s&p 500 that reported so far, i'm including november-ending quarters here, and of course, the beats are really high. 87% are beating but here's what is important, the average beat has been enormous. the average beat has been close to 20% overall that's really important. that's a big, big beat that we've been seeing here here's what's amazing. wells fargo noted that among the companies that have reported, next day, for those that have been beating, the average price is down almost 2%. wait a minute. they beat the numbers? and they are still down? that's a problem that is sell on the news, because the prices have run up, going into that. that could be a genuine issue for apple so i think jim is really on to something there as far as the quarter goes though, it's good. the numbers keep going up, this happened in the third quarter, the fourth quarter numbers keep going up and we were down, 10%, in the first of january and now fourth quarter is only down 8% that's a steady improvement. remember in the past it always used to go the other way same thing for the first quarter. and that's what we care about. we care about whether the earnings estimate will keep rising for the first and second and third quarters and that's where the big numbers are and the big expectations are and even here, it is getting a little bit better from january 1st to today, the estimates keep getting a little bit better and a little bit higher and with estimates this high, with multiples this high, 22.5 forward numbers, those numbers have to keep going up to meet the expectations >> a little concerned about these numbers though, in these price moves up ahead of the earnings. carl, back to you. >> yes, that's going to be a busy one, bobanks bob pisani. >>> go to break here time for the bond report this morning. take a look at how treasuries are doing. ten year did hit the lowest level in almost three weeks. across the atlantic, a key survey shows german business sentiment down more than expected this month. as lockdowns take their toll on europe's largest economy separately, the president la guard, will address the numbers. and "squawk on the street" is back in a moment we just had. the nfl gearing up for a super bowl ratings blockbuster brady going for his seventh ring after he and the buccaneers defeat the packers in the nfc championship the bucs will face mahomes and the defending champion chiefs after they beat the bills to win the afc title. jim, as for the ad market, we have got our first look at chipotle's first ad. doordash will be in there, too although budweiser is going to take a different stance for the first time in 37 years and give some of that money to help support recovery as we work through covid-19

and then he will sit there and tell bob woodward, oh, bob, this is a deadly airborne disease. bob, no, you mean to tell me you knew that in january and you let all of these people die and you're still letting them die by not making it mandatory that the masks be put on? we could have been over this. we could have been over this. but no, he doesn't care. he does not care about the trump voters, either. did he really go with y'all? no, he went home and he watched y'all act like animals. that is what he did. host: in california, tyson on the republican line. caller: good morning. and thank you for c-span. god bless america. momenteverybody takes a to appreciate our freedoms and one another. that last caller, a couple of collars ago was pretty shallow and naive. i don't think we need rhetoric like that in times like this. i was thinking about the vietnam protests in front of the capital and the clashing with the capitol police. recent, young this know, debacle that we had which was absolutely ludicrous. and a lot of it can stem from covid-19. a lot of people were acting a little bit o

bobbing for apples. nobody wants to bob for apples. also, mcdonald's play places, and serotonin and dopamine. >> ic commit you went in different direction.. >> okay, so if you were going i that direction, the real losers is everybody who was looted,. >> apple bobbing i don't know if apple bobbing's ever going to come back for a. >> movie theaters. >> those are losers because they're not coming back. >> you know what it is. >> this is a theory i don't buy into this completely, but i'm just spitball income at which you shouldn't do in the era of covid, but i'm spit falling, di covid erase certain things that we're already on their way out in terms of businesses like toople stopped going to movies and this one just went like thi and kicked it out the door. i don't want to use this analog too far because itlo will go in a very very fun place i, but it an interesting way of looking a it. you saw it as people that we're unfairly damaged and there are so many. so my loser, i had a lot of losers as you know, experts, yo can't trust experts,er they wer wrong every single yweek they would say don't wear masks, the wear masks, go to the parade, don't go to the parade, but if there's a protest go p. >> true. >> other losers? hard news. i'm so tired of hard ne

bob redell is live in the south bay with a look at some of the damage there. bob? >> reporter: good morning to you, laura. fortunately the small number of wildfires are small in size an acre or two in contained. downtown los gatos the american flag still wind-whipped, sustained winds, national weather service has a high wind advisory in effect until 10:00 this morning. i think could you see why and an actual advisory goes on until 6:00 tonight. they recorded gusts from anywhere from 54 miles an hour that was in san francisco overnight to 97 miles an hour up there in sonoma. this is some of the damage, i wouldn't call it damage but debris we found in the road. this is south in the mountains, the hills above los gatos on black road. you can see a lot of debris in the road and also this was highway 9, you could see the santa clara fire department having to bring up the chainsaw to take down a tree that had come down on the road there near highway 35. outside of a tree coming down on a house up in the north bay, we don't know of any significant damage, again, this is a mess out there, as far as debris on the roadway but no injuries. reporting live in los gatos, bobks so much, bob. you mentioned that tree down in the north bay, we're going to take you there live, this is a live look, imagine waking up to this. the strong winds throughout the bay area caused quite a bit of damage to this home overnight, and quite a bit of cleanup, which we'll lay ahead for the homeowners. >>> kari has a look at the forecast. the winds are going to continue. >> yes, especially for the next few hours and it was a long, sleepless night for a lot of people. gradually the winds will calm down and we'll sleep better tonight after we see temperatures reaching into the low 60s. more 60s tomorrow and then a cooler weekend ahead. mike, how is it looking right now for the morning commute? >> the bay bridge backup is less but still there. the wind i believe causing to turn on the metering lights to keep traffic on the span, where it's gusty, at a minimum there. that's your backup. fremont the flag is moving around, indicating the wind as well, traffic on 880 moves smoothly. w

bob redell who's live near the bay bridge looking at issues drivers are facing right now on the roads. bob. >> reporter: good morning, laura. fortunately we haven't seen any rain out here on the bay bridge, at least for me since 3:30 this morning. but we are seeing some wind. you can see the flags here blowing horizontally so this could be an issue as you're it's a light morning commute because of the pandemic but as you get on the upper elevations of the bay bridge, you might have to deal with some wind. this is a driver of a big rig last night around 10:00. chp believes it was the wind that caused it to jack-knife on the lower deck, the eastbound direction of the bay bridge, blocking a few lanes of traffic. the driver is okay and they were able to get that cleared out. again, this happened last night. this is in the city on 80. there was some flooding overnight from the heavy rains that we saw overnight. you probably heard it while you're trying to sleep. i know i did at my home in the east bay. in san jose, this is highway 280 in both directions. this is under the winchester boulevard overpass. in spite of the severity of the storm, right now we're not hearing too much about a ton of problems that we've heard about in other storms. what i'm getting at, it seems like right now we're in a decent lull. we don't have the rain coming down. but that being said, the roads are wet. just something to keep in minding as you're heading into work this morning. reporting live, bobedell, "today in the bay." >> thanks, bob. >>> well, the first wave of the series of storms is actually still moving through the south bay as well. we've got new video of rain coming down in boulder creek. let's go to "today in the bay's" kris sanchez who's live in scots valley where thousands are under these evacuation orders. what are the conditions looking like this, chris. >> hi there, laura. just like bob i'm enjoying a bit of a break in the rain right now. it hasn't really rained much since we got to this location in scots valley but this pg&e base camp is a reminder we are not out of the woods just yet. a chief deputy tells us about 261 people refused to leave their homes in those evacuation areas in the santa cruz mountains, but about 5,000 survivors of this summer's czu fire heeded the warning to weather the storm from afar, evacuated from their homes near the burn scar. they were ordered out of areas vulnerable to landslides, debris flow and flooding. jen lost her home and sh

bob redell is in lo gatos to show us problems there and beyond. good morning, bob. >> reporter: good morning to you, scott and laura. we certainly felt some of the wind gusts within the past couple of minutes. you can see the united states flag behind me, gives you a sense there are sustained winds out here. we're in downtown los gatos. south of here up in the hills where with your' seeing a lot more wind activity. new video into our newsroom a large tree came down on highway 9 near highway 35. you could see the santa clara fire department there cutting down that tree, using chainsaws. we showed you video earlier of driving down a black road up there, with a lot of debris on the road there. another concern with all these high winds is the concern about wildfires, this is also new into our newsroom, not far from here, this is from just around 3:30 this morning, in cupertino, a small wildfire, this is on the side of 280 near the wall there on the calvert drive side. it was small. they did have that contained. last night, a number of people were evacuated in milpitas in the hills up there, this was on country club drive, after a wildfire there took off. it spread to two acres. the fire department was able to get it contained, and as i mentioned as a precaution, they did evacuate some of the people who live around there but they have since been allowed back home and in livermore, near livermore another small wildfire off altamont pass road, about one acre of mulch and debris smoldering or on fire but again, the fire department and all the situations have been able to contain the wildfires at least in the south bay and east bay. nothing has spread beyond what i just told you. reporting live in los gatos, bob pg&e is shutting off power in the sierra foothills because of the high fire danger. the shutoffs took effect overnight. there's worry strong winds could bring down power lines, spark wildfires. about 5,000 customers are affected in counties including mariposa, madeira and fresno. this is the first time they've had to shut down power in january. download our nbc bay area app, check your conditions before you head out the door. >>> the final countdown to inauguration day, this is president trump's last full day in the white house. >> of course security measures in washington now in overdrive, that includes physical barriers and armed personnel. "today in the bay's" kris sanchez is in washington, she joins us live with the ground level look at what's going on. good morning, kris. >> reporter: well, good morning to you, scott and laura. we've heard a lot of people say that d.c. looks more like a hollywood movie set than it does like its regular d.c. set. the hustle and bustle replaced pi

bob doll. 34,000 $120. bitcoin down for zillions of dollars -- four zillion dollars after bob bought at the top. bob doll is a guy who kept you in the market to enjoy 18 year return of 15% plus. the dull mandate -- you have to be in the markets to play. -- doll mandate you have to be in the markets to play. why should i be in the markets? robert: we will have the strongest growth this year in at least 20. this will be a great year for the economy and earnings. i think it is just a good year for the stock market. i thing multiples are held back a bit because of modestly rising interest rates ended elation. -- inflation. robert: -- tom: behind you is the logo of the esteemed nuveen in chicago. do you need to raise your actuarial assumption with double-digit returns, democratic president, house, senate? do you begin to lift up actuarial return? robert: maybe for the next few months, tom, but longer-term, i don't think so. stocks and bonds are both expensive relative to their history. therefore, the next five and 10 years, the return will be probably lower. that's the law of averages. it will be harder

bob redell is out there. bob? >> reporter: good morning. we're at the bay bridge toll plaza. i can tell you that the light morning commute is at the limit. the rain has stopped. we haven't seen rain for a few hours. but as you can see the flags behind me at the toll plaza building there is wind out here. take a listen to this. this is video of a big rig jack-knife that took place overnight around 10:00 last night on the lower deck of the bay bridge eastbound 80. what i was trying to get you to listen for was the wind, it was windy out there. chp does believe the wind was the primary factor, that it blew that big rig and caused it to lose control, blocking a few lanes of traffic in this wet weather. the driver is okay and they have since cleared this up. this is video from about 3:30 this morning, westbound 580 driving through castro valley. that's when we saw a significant amount of rain. like i said, we haven't seen the rain since. i show you this to give you the idea that the roads are wet out there. as you're well aware, the posted speed limit just because it says 65 miles an hour doesn't mean that you should necessarily go 65 miles an hour. that means you should be going 65 miles an hour as the conditions permit. so the roads are wet, just something to keep in mind as you're heading out to work this morning. reporting live, bob redell, "today in the bay." >> thanks so much, bob. you know, we're also keeping a close eye on the burn zones in the santa cruz mountains. 5,000 people were told to evacuate from the san mateo, santa cruz county border south through davenport. >> but not everyone left. kris sanchez is live this morning in scots valley. kris, how did those overnight hours go? >> reporter: well, you know, we're here at pg&e base camp where everybody is stationed overnight. right now there doesn't look to be a lot of power outages in the boulder creek, ben lomond mountain communities. we were expecting lots of heavy rain and wind here, but look what happened in the santa cruz mountains just above saratoga. several inc along highway 35 just before highway 9. but heavy rain is a concern in the mountain communities near the czu fire scar. this is video from overnight in boulder creek. now, the charred hillsides, barren of vegetation, are vulnerable to landslides, debris flows and flooding in this heavy rai

bob redell, "today in the bay." >> thank you, bob. 5:37 on your new year's day. starting today minimum wage goes up to $14 for businesses with 26 or more people and $13 for businesses with 25 or fewer. also new rules when it comes to small business. owners must provide up to 12 weeks unpaid but job protected leave for serious health problems, the birth of a child or military active duty. a new law to reduce risk. firefighters must reduce vegetation within 100 feet of structures. under the new brush clearance law. you can visit nbcbayarea.com. >> the forecast of heavier rain bringing worries to those living in places hit hard by wildfires over the summer. crews were busy taking down huge trees. fire damage doesn't stop when the fires are put out. rain is expected to wash some of that debris into creeks and rivers and could trigger mud slides. meteorologist rob mayeda joins us this morning in for kari. we're not going to see the heavy rain today, though, will we? >>> you bring up a good point. the first in a series. rainfall rates are probably not going to cause an

bob swan >> well, i've been openly credit al o -- openly critical of bob for a long time and the wrong man ceo type, and this is a company built by engineers and this is terrible to watch, and they're not even making chips, they've missed everything, lisa, it has been a difficult time in intel, the two oncoming, i have bob swan, literally, where they were doing the search, i think they were having a very hard time even finding a ceo so they defaulted to bob i have said, and i did not mean to be facetious, a nice guy. stop smiling a nice guy. wrong guy. and pat, i've known from vmware, excellent. he has been my person who comes on from v mware, trying to get a hold of anybody, because this is such a good scoop, but david, we should point out that while it had to happen, and the stock was creeping up yesterday, it is still a shock, because intel has been very, ever since andy grow, i should say a little bit later but the company has been basically rudderless >> there are no shortage of things that gelsinger will be dealing with, chief among them dealing with manufacturing and how you get back in the lead, and he is an engineer and it is an engineer-lead culture and in a letter, sent to them, december 29th to the company's chair, they made the point of course of a loss of talent that they believe has been

bob, independent. jacqueline alemany? >> guest: yeah, bob, you know, i i think the kan argument we are hearing here is what about all other all of the republicans who won races in those states? do you want those races to revote as well? >> host: we will go to hollywood florida republican. good morning. >> caller: good morning. my question goes to the lady. i want you to explain to me why -- [inaudible] >> host: what do you think he meant? what are you concerned about? , i don't know. that's what i want this lady which is well educated, for the newspaper, explain to me. thank you. >> guest: i'm sorry, i missed your question. >> host: he was concerned about some of chuck schumer statements. we can go to patty and harrisburg, pennsylvania. a democrat. >> caller: good morning. pennsylvania proud. we have voted for joe biden and very proud of that. i think trump is so out of control. they really should vote for the 25th amendment because you has 26 days. i was shocked but not shocked when i saw the news and her the news, his threatening people in

bob redell is there. firefighters are concerned about what's shaping up to be a mild winter. bob, so far, no rain to wet things down. >> reporter: unfortunately, that's the case here. good morning to you, scott. we've definitely seen the winds picking up here in the hills over dublin. i live way over there in the valley floor. my wife called me earlier to say a gust of wind blew open a pair of french doors in our home this morning. that was just a gust. we've heard reports of gusts from national weather service of 81 miles an hour in that direction, out of the top mt. diablo. as kari was saying, 87-mile-an-hour in healdsburg, in the north bay. >> it's highly unusual for the bay area to be in this type of weather now. >> fire departments like fremont, who you just heard from, they're concerned today's high winds could lead to a wildfire. we are already under a wind advisory until 6:00 tomorrow night. high wind warning for elevations from 4:00 this afternoon till 7:00 tomorrow morning. the grasses, the bushes, they're dry. as mentioned, we haven't been getting any rain or hardly any. temperatures are unusually warm, mid 70s. fire chief with fremont fire tells us his men and women have yet to put away the fire grier from last year's fire season. he has never seen conditions like this before in northern california. >> it's an unusual winter, right? we've had very low to little moisture in the bay area, in the region. so hopefully, this is not a precursor to what the summer is going to hold for us. as we know, last couple of summers have been very difficult in the state. hopefully, we can get some rain before the summertime sets in and we get moisture back in these fuels, which will buy us some time. >> pg&e is worried about power shutoffs for customers in the central valley and on the central coast, but not here in the bay area. now that's not to say that the winds might not -- would knock out your power. we already know there's a report that some power lines were knocked down in santa rosa this morning due to the high winds. a few thousand people lost power. there was a small fire but no one was hurt and that fire is is out. reporting live here in dublin, bob redell, nbc bay area news. >> thank you, bob. i was monitoring our nbc bay area app, checking the forecast as well. getting the latest updates that kari is putting in there all the time. you can track current conditions in your area before you head out the door this morn santa clara and san francisco counties. this strain is not the mutation that's been making headlines in the united kingdom. it's different. researchers are trying to figure out why it's spreading so fast. sarah johnson is in san francisco with more about what researchers know so far. >> reporter: researchers in the bay area are confident that the variant mutation they're seeing in the bay is not the one they're seeing in the united kingdom. they're saying it is similar to the one found ought the outbreak in san jose. researchers have determined the variant is l-452-r. researchers do not have data to determine if it is more transmissible or more deadly. in the case of the outbreak at kaiser permanente, at least nine pe

bob and tyler, texas on the republican line. >> caller: yes good morning. asking about what we need, i would like to ask. [inaudible] we can't trust anyone. sue and bob your break up a little bit comical how to rephrase your question, mike and erin trouble hearing you. >> caller: let me try again. we keep asking what we need and i would like to ask their two laws in the first sentence of the u.s. code, do we need or can we trust anyone that does not know those first two rules and i would like to ask if you know them. see when the first two words and what bob guest: the first two laws in the first sentence of the entirety of the u.s. code. so what i'm going to throw my hands up, might consult soon take a shot at that? the first two laws of the u.s. code. i don't know no. >> were going to james in charlotte, north carolina, james democrat line go ahead. >> caller: good morning mr. gonzales. i think you have a failure to face reality and what you are saying and what you are writing. i think you're confusing culture with the race. it is obvious to me that you are. you are saying that identity politics loss, hell they won. white identity is still dominating. that is the dominant political structure of the country, the financial and they keep dominating whatever minority groups try to enter. i mean it's all about race. he is fair complected i guess you consider himself white, your name is gonzalo should probably consider yourself white. and you are from cuba. i am sure mexicans across the border consider themselves to be white if. i think you a

reporting live, bob redell, nbc bay area news. >>> bob, let's take a look at your weather this morning. san bruno mountain. look at how foggy that is. that dome is our storm ranger, and it can plunge through any fog and help meteorologist kari hall track the showers. when do the umbrellas come out? >>> well, we probably need them right now for a lot of those getting the heavy drizzle but not a lot in the radar in terms of the rain coming down from the clouds. very low across the bay area so even though you're walking out the door and feeling that mist on your face, it moved on. we're still seeing the dense fog and it's moving into the bay area and so we're seeing all of that moisture left behind with the storm system still with us even as we head through midday and we'll clear for the afternoon. our temperatures are still cool but warming up in the south bay. still some low 50s in the north bay. we're also getting more sunshine. thinner clouds are moving through. we'll see that gradually moving out. we'll have a nice weekend ahead. how much rain we've measured is coming up in the full

that i talked to him on the phone a year ago he promised she would come and get me a bob let me go back home again bob you need to convince your father to come and get you he brought you here only he can get you out call them and let me talk to him go up to him is it i'll be up to about the royal we let you talk to him before a year ago that a while ago but only if you want i'll call him again. and only if he comes to get you no problem then you can go there was welcome. you know you still waiting for that call it's our only chance of getting out of here. she's 31 years old but she can only leave if a member. as family agrees to it. the same applies to the old women here. all of them hope to leave once they perceive treatment and become stabilized again . oh my the boss this is not smart her husband brought her here in 2003 to shorten our mother but that for the past 10 years she's not had a single visitor here probably been a very good idea of yours today as she's been insisting on it and because she's more stable now and we have her address we going to try taking her home very much but short made ou

to events to have a perspective that would be lasting but i do make exceptions bob woodward is one of them i've read every bob woodward book ever written so i read this one as well because i think it is have a knack to be able to get inside to get people to say extraordinary things they organize one - - ordinarily wouldn't and they do give you insight so that one for sure i will read and then my friend antonio has also written several books and is coming out with a new one this fall and i certainly intend to read that as well. >> going back to sydney blumenthal spoke with the hindsight of 160 years, was there a point during that for years when you read that history of the civil war. >> i don't think so less willing to live for slavery in the south was willing to say for its elimination. and the echoes of the past so there were hotheads especially in the south who really wanted to fuel the politics and the north is out to get us and we will lose power and remember the civil war in many ways was also about the fear of the transfer of power the southerners had controlled the congress almost from the beginning an

again, reporting live, bob redell, "today in the bay." >>> thanks so much, bob.s wednesday morning. the sun's arrival overlooking san jose this morning. the rain will arrive at least in the north bay. >>> yeah, we are going to see that rain working from north to south and a lot of the areas in the south bay and the peninsula may not see a lot out of this system. it will dry out tomorrow but another chance of rain early on friday morning before we get to more dry weather for the weekend. mike, what is going on now for the commute? >>> kari, the backup goes for about a mile into richmond itself or out of richmond. the deal is it was a crash on the san quentin side of the span. it's cleared but is taking quite a while for that backup to clear from the two lanes across that span. as we look at the san mateo bridge, westbound no delay. things are moving smooth over the high rise into the peninsula. this is represent testify, this shot, of the rest of the bay. the only backup at the richmond bridge. that's great stuff. enjoying looking at live cameras in the morning wi

bob pisani. hey, bob >> good morning, guys. happy wednesday. happy inauguration day yes, the new high on the s&p 500. some of this election. some of this stimulus. and some of this frankly earnings numbers are coming in really strong. the analysts are wrong they were underestimating, they're going to raise numbers that's a big positive for the markets. as you can see, of course, a shot there of congress, china is the lead here. and i think that's very important to note that i know that everybody thinks the u.s. is doing well, but china has actually been far and away the world's best market so far, so meeting with that mchi, a very broad, china etf, that's what you're looking at, technology stocks have been strong, but particularly the semiconductors have been market leaders energy, we're getting close to a new high on oil. banks have been flattish ever since the earnings came out. and most of the time doing great but not moving the stock prices. huge run-ups consumer staples flattish. and none of these stocks are doing anything after their announcements, but remember, zions up 50% since the election in november. 50% for a lot of these regional banks. u.s. bank corp with flattish numbers. not a big mover. bear in mind this is not unusual for banks to flatten out after the earnings season semis, no, jim had a great point about chip shortages out there but every day, the new high list is littered with semiconductor stocks shall the usual names teradyne, broadcom, texas instrument, again at 52-week highs. i want to point out what is going on, this is bringing up the overall estimates on the s&p 500 which are fabulous so morgan stanley for example earnings of $1.81 the analyst estimates were $1.06 do $1.51. not a single analyst got close to the estimate on morgan stanley, and this is way, way off, and this is not usual zions had the same thing the analysts were all off. and how about jb hunt. that is not a bank stock that is a transportation stock they had, decent numbers, $1.44 and what happened with that? well, the analysts estimate was $1.20 to $1.40 not a single estimate got a transportation stock right overall. here's the important thing, guys, 43 companies reporting and so far beaten by 18% that is a very good number and that was last quarter, beaten by 19%. let me just point out, carl, that we are getting a global rally right now. china's been the big market leader overall and we've also seen south korea, japan and europe doing really well and the united states is the laggard up about 2% so far on the year. global market rally. carl, back to you. >> all right bobe come back, a look back at what to expect in the first 100 days of biden presidency before we go to break, look at the fixed income markets treasury, ahead of the biden inauguration, yields are apparently going to the upside and home builder sentiments coming up out in about 15 minutes a look at the action in the 10-year sends the treasury secretary, janet yellen's confirmation hearing yesterday morning and we will finish with a look at the dollar index back in just a moment. “could have been me” by the struts hey, mercedes? how can i help you? the 2021 e-class. motortrend's 2021 car of the year. we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the damage. that's how you do it right. usaa insurance is made just the way martin's family needs it with hassle-free claims, he got paid before his neighbor even got started. because doing right by our members

that bob and i worked together a long time ago, about four decades ago in the carter white house when i was deputy domestic policy assistant. and bob gates was executive assistant, so in those days, bob, did you ever think that one day you would become one of the most famous secretaries of defense and have this career? did you ever think about that? when you were assistant. >> first of all, david we are probably close to the situation today that we've never jumped about that and then late 1970s. i joined cia in 1966, i was recruited out of the russian and east european institute university. and just to do my bit in the cold war and i never dreamed that i would end up being the director of the cia. at the very time the soviet union collapsed, so it was quite a trajectory and nothing i could've ever predicted. >> and for those who haven't followed bob's career, he was not only the head of the cia but he was also the secretary of defense under two presidents, president bush 43, president obama. and he was the chancellor of texas a&m university for number of years as well. so bob for people watching, younger people, and they say okay and want to have a career like bob gates what would be

bob pisani has more. bob? >> good to see you, as always. flat-ish day, but we're getting a lot of guidance. quiet on 2021. and this is good news. kind of disappointing on their guidance they had some restructuring charges in there, but free cash flow is improving. the street loves that. that's the highest level since february a little over $11 for ge johnson and johnson was great. a modest beat but 2021 guidance well above expectations. that's what the street wants to hear that is an historic high for johnson and johnson. disappointed but beat due to provisions for credit losses that's not considered a high quality beat by the street they want to see more fundamental underlying people spending more it wasn't there and the downside overall, off to a good start on the fourth quarter there's almost 20% reporting here about 85 companies reporting, 85% and very wide amounts. the other day, close to 18% and now down to about 12% but much more than normal and that's what we need to continue seeing as for this crazy short selling game short covering gain we've been seeing here, the stocks most heavily shorted on the street getting a lot of activity today, including gamestop up again today. all of these stocks are below their intraday highs of yesterday but as you can see, they're all up today and their characteristic is they have heavy short positions here gamestop between 63 and 160 yesterday. near the highs for today bed, bath and beyond never moves. between $46. that was crazy, highest level in several years for that and you can see it's up again today. amc, tanger factory outlook. and irobot, all companies, characteristically, heavily shorted today. back to you. >> bob, thanks weird action for more on that, let's welcome stephanie link chief investment officer who's going to be with us for the hour stephanie, great to have you a couple of things i want to talk to you about. >> hi john >> i want to get into some of this weird stock action, maybe some of it short driven but first, the industrial earnings what was your takeaway >> yeah, and as bob said, free cash flow is the story it's the theme and they all positively surprised 3m, and much more organic growth expectations 3% driven by the consumer guidance was very solid. so a very good quarter for 3m and it's encouraging to see them making progress and then in terms of ge, that's the only thing we care about is free cash flow because of the leverage on the balance sheet. and i thought the guidance was good for operation margins on the industrial business, up 250 basis points or organic growth in the low single digits that would be a remarkable turn. the quality of earnings at ge is absolutely improv

bob minetti and his wife wendy in their early days, bob remembers leaving sweet love notes on her desk, alongside a single red rose. we just celebrated 45 memorable years together. our daughter katie was a huge part of that. bob spent time fundraising for health care causes. i guess i liked it so much i decided to become a patient. bob was diagnosed with pancreatic cancer in 2016. i assumed there was no hope for people with my diagnosis. bob participated in a clinical trial that included cutting-edge radiation therapy and surgery. he's been in remission since completion. now, i can keep writing my story with wendy. stand up to cancer and lustgarten foundation are working together to make every person diagnosed with pancreatic cancer a long-term survivor. visit pancreatic cancer collective.org. ♪music time and time again, you know when i'm doing street magic..i'll walk up to someone and i can just see they're against me right? they don't want to be amazed. they don't want this experience to happen. but then the magic happens. ♪can we be there? and all of that falls away. ♪oh, just think of the time ♪i know that some will say come on man! ♪it matters a little babe. stunned. i believe in magic. it's the experien

i talked to him on the phone a year ago he promised he would come and get me a bob and help me go back home again bob you need to convince your father to come and get you he brought you here only he can get you out call them and let me talk to him go up to him this is how we give up the boy we let you talk to him before a year ago. if you want i'll call him again. and if he comes to get you no problem then you can go to the most well call. he'll are you still waiting for that call it's our only chance of getting out of here. she's 31 years old and she can only leave if a member of her family agrees to it. the same applies to women. all of them hope to leave once they proceed. treatment and become stabilized again. you know when you're shot. on by the boss this is not smart. husband brought her here in 2003 is to short out about that for the past 10 years she's not had a single visitor here couple believed it would i be of use today as she's been insisting on it and because she's more stable now and we have her address what we going to try taking her home very much for the children made out. you know

bob diamond, we appreciate your views on all thing, and what a wild day, and tell your team, and tell them to keep watching cnbc, and that is cnbc, that's fine. but they're all crowded around bob diamond, a real pleasure to you, bobto you and your team. >> happy new year, brian thank you. >>> still ahd,ea a look at what to expect from apple today hi, i'm a new customer and i want your best new smartphone deal. well i'm an existing customer and i'd like your best new smartphone deal. oh do ya? actually it's for both new and existing customers. i feel silly. but i do want the fastest 5g network. oh i want the fastest 5g network. are we actually doing this again? it's not complicated. only at&t gives everyone the same great deal. like the samsung galaxy s21 5g for free when you trade in. want to save hundreds on your wireless bill? with xfinity mobile you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network. sure thing! and with fast nationwide 5g included at no extra cost. we've got you covered. so join the carrier rated #1 in customer satisfaction. and get a new samsung galaxy starting at $17 a month. learn more at xfinitymobile.com or visit y