brian moynihan will join us on expectations of the economy and also a new organization he's spearheading along with the pope, pope francis, pushing for more inclusive capitalism. >>> big beat by campbell soup as the pandemic changes how we eat. mark clouse will join us on where campbell goes from here. leslie picker on that incredible first day of trade for doordash, and mike santoli, as always, tracking the markets mike, first to you. >> we're taking a step back. we hovered around the highs just as doordash opened, matter of fact, is when the overall nasdaq had a sharp pull back. it was almost this last little burst of enthusiasm. november 9th, the intra-day high was actually 3645, less than 1% down from here we actually touched that level going back a month at this point. we're still hovering a little bit above that right now seems as if the market is still holding together just fine we've been talking about it being stretched on a technical basis. a lot of build up of bullish sentiment and maybe that nasdaq move was one of pent-up selling hitting the market in terms of its reach for f

using their b of a accounts than they did last year according to the company's ceo brian noti brian moynihanvel of infections and mounting death toll, apparently many americans are still showing financial resilience he also stressed the importance of more stimulus from d.c. >>> and renters are returning to new york the number of new apartment leases signed in manhattan signed november jumped 30%, marking the strongest november in over 12 years and the median rent price is now $2743 with most landlords offering more than two months free rent. >>> and spacex starship exploded upon landing after high altitude sub orbital flight testing in cameron county, texas yesterday. the rocket lifted off to cheers as you can hear in the back grubd fr ground there and flew more than 41,000 feet into the air and then attempted a landing flip maneuver, a first for a vehicle of its size. it did flip, but when it made its way back down, the starship exploded elon musk said last week that the skydiving like maneuver had about a 30% chance of happening successfully musk hopes that the two stage vehicle will one d

thriving during the pandemic it trades under the ticker symbol d-a-s-h >>> bank of america's ceo brian moynihant of an alliance with the vatican we reported on this yesterday. moynihan one of the many business leaders who met with the pope last year today he told cnbc the partnership serves as an important economic purpose >> it's not a religious exercise as much it is how do we give capitalism a right, and that includes among many as doing it and important that the pope is endorsing that capitalism done right can do good things >> it announced it's investing a billion dollars to address economic and racial inequality. >>> it took just ten minutes for the all electric gmc hummer to sell out today the thing is we don't know how many vehicles were available in the first place. general motors won't say, so the pickup has a sticker price of just $112,000. they won't be ready for pickup until late next year >>> on wall street all three averages set intraday records, but the session didn't end that way. the dow down 105 s&p off 29, and tech got wrecked today sending the nasdaq down 243, almost 2% >>>

firing off this letter to ceo brian moynihan, saying everyone legislative office in the state has experienced an unprecedented number of constituents asking to resolve problems with edd and b of a. the letter poses a list of questions to be answered by tuesday. among them, why is bank of america taking funds and freezing debit cards? what needs to happen to have the funds restored? and has bank of america had to pay penalties due to fraud on its cards? bank of america tells us it will respond directly to legislators. but in general, will say, quote, we are working with the state and law enforcement to identify and take action against fraudulent applicants. protecting taxpayer money and ensure that legitimate applicants can access their benefits. it was not clear if the bank will provide any specific answers to all those questions. >> this involves a contract between the state and bank of america that is a number of years old. from my perspective, i think we're going to have to revisit that contract because it is clearly failing the people of california. >> david chu, assembly member, who sign

door dash is thriving under the pandemic bank of america ceo's brian moynihan part of a new businessihan wamet with the pope lat year the partnership serves as an important economic purpose >> it is not a religious exercise, how do we capitalism rights i think it is important that the pope is endorsing and can do good things. >> bank of america is addressing a billion dollars to address economics and inequality it took ten minutes for r the all-electric hummer to sell out today. we don't know how many vehicles were available general motors did not say ticket price of $112,000 they won't be ready to pick up until late next year >>> on wall street, all three averages set today's record, the session did not end that way the dow is down 105, s&p is at 29 and tech got ripped today sending the nasdaq down to 243 almost, 2% get your tree yet? better hur w better hurry, some places are already sold out why there may not be enough christmas trees to go around and wondering what to put underneath those trees? gifts taken on a 2020 theme. the rise of people stocking stuffers with a little hygie

the market but as a second order, a second dollop that is targeted in the market, no i've got brian moynihan on tonight from bank of america and he's talking about targeted stimulus and how great it would be this one is not targeted this is just, i believe, good. the next one could be great for the people who really need it. so if we do get the second one, david, we haven't gone up enough there is more room and that's how i'm approaching it. >> yeah. you know, listening, i was listening to new york governor cuomo yesterday talking about a $12 billion budget deficit for the state of new york and the need for money new and waiting until the spring, perhaps more dangerous thing to do. we talked about the mta in this regi region i use them because they're reflective overall it is not just this region, it is all over the country in terms of the potential need for state and local governments before they have to start making significant layoffs in things like police. which, you know, i think is a real concern still at this point for those municipal workforces >> but, david, you also have to balance

council on competitiveness here's bank of america's ceo brian moynihan making the case for aid. >> we are going to have to get through the rest of this pandemic and really work hard on and hopefully get the stimulus they are talking about today will get through the world is bifurcating there is people that can't be open and can't go to number job. then there is the rest of the economy, 94% of the economy is open and businesses are open and dentists are open. sent ally we have to help the people get across the river. then he can worry about paying it back guy growing the pie in the long term more tonight at 6:00 p.m. when he is a guest on cramer the near term pain he is talking about is getting worse we got dismal jobs reports today pointing to the labor market in 2021 steve liesman has more. >> job else claims rising to a calamitous 885,000 it is the second weekly rise in a woe. the fourth feign in the past five weeks the deterioration of the jobs market lagging after the surge in covid cases 247,000 daily cases. claims remained high but trended down in october as the seven day averag

tomorrow we will be joined by brian moynihan exclusive at 3:00 p.m. tomorrow.tious on the macro and on wells fargo specific like when they might see the asset cap lifted and why they might reengage in buybacks he was clearly to the fact that they have capital to deaye employ when they are allowed to. >> i see him in underpromise mode to some degree and there is no reason to get people excited about catalysts that you can't specifically control i get that also the caution on the macro also makes sense given that we have this mortgage forbearance cliff that possibly going to hit and we don't know whether the enhanced unemployment benefits will be continuing that all makes sense to me and the stock has given reprieve it is not like he needs to not tell people that thing are not perfect at the moment. >> an tasha, what are the stocks in your basket of stocks that you want to buy in a dip. >> value stocks. i will say cautionarily, cases are surging and we don't have a stimulus in place and rates are pegged at zero it is a tough business environment for the banks. as