i'm carl quintanilla with morgan brennan and mike santoli cramer and david faber have the morning off. premarket pretty steady, record highs for the nasdaq russell stimulus relief gets a last minute curveball but market is more focused on this government deal for new pfizer vaccines, jobless claims better than expected and core durables disappointed. road map begins with that deal for pfizer 100 million more doses are set to come by the end of july >> then is a new world for direct listings the end of the traditional ipo. we'll explain that this hour as well >> and finally, tim cook refused a meeting with elon musk three years ago, a potential buyout of tesla. that's those those details are next. >> let's talk about the setup as we get this day and half a day tomorrow before we break for the christmas weekend. typically we head into this period, it is about liquidity and the lack of news that's not the case this morning. >> no. it is not -- we're not worried about the lack of news now there is plenty to chew on and in terms of liquidity, the market has been, you know, kind of just slo

i'm jon fortt with carl quintanilla and deirdre.ng the opening of doordash latest indications o

i'm carl quintanilla with jim cramer and david faber futures steady lots of moving pieces this morning including the reports of a fiscal relief package being finalized as soon as today good thing, because retail sales did show their first drop in seven months it is fed day. watch bitcoin crossing 20k our road map begins with, quote, getting closer. that's the message from senate leader mcconnell on the potential for a prechristmas covid aid package. >> as covid cases and deaths remain near records, the white house in talks with pfizer regarding additional doses of its vaccine. this will be for next year and this morning we have airlines under pressure. united, jetblue and spirit getting hit with a double downgrade. yeah double jpmorgan has disappointing demand trends continue as we head into the christmas season >> yeah. and more commentary from southwest on that, which we'll get to, jim. they say that congress never acts until the fire is in the room and clearly retail sales today suggest that the consumer is finally starting to tighten the wallet >> yeah, look. i think that they only

i'm carl quintanilla with jim cramer and david faber futures are weak for the second day in a row stimulus talks appear to have stalled on monday. but the news is all about the vaccine as the uk jabs its first patients and we pour through the fda new report on pfizer's data. our road map begins with the covid cavalry. the uk begins vaccinations, this new fda document shows that pfizer's covid vaccine data did not raise safety concerns. >> plus, tesla's $5 billion offering it is the third this year. seeking to capitalize -- well, it has a $600 billion market value, so really why not and the, quote, worst streaming service, why direct to producer christopher nolan is criticizin warner media and hbomax platform some unkind words, carl. >> yeah, that was spicy. we'll get to that, guys. let's start with the fda report on the pfizer data, which they're going to look at as they meet this week it is one thing to hear it from pfizer, but some of the charts are truly remarkable as the curve bends really after one dose >> yeah, this was big news and i know that dr. gottlieb retweeted that graph, whic

i'm jon fortt with carl quintanilla. it's the end of cloud week on "squawk alley. what a week it's been. they have brought news on custom chips, machine learning and more sales force announced plans to buy slack for nearly $28 billion in the second largest software deal ever. we've had ibm and microsoft weigh in snowflake and others have turned in blah earnings we'll hear from the ceo this hour what does it mean for investors already sky high investor malic noijoins us now i can't believe we never had you on "squawk alley" before i hope this is a trend i want to start with sales force slack. i know that you have known stu butterfield for a long time, even before flicker was a hit. you think this very expensive deal makes sense why? >> so let's remove the price out of the equation. i think what you're looking at right now is in 2020, we have gone from the idea of a company or an organization being physical to completely being digital. we're in need of a system to organize itself. the most important thing for a nervous system, you need to have a communication there,

. >> good monday morning welcome to squawk squawk i'm jon fortt with carl quintanilla and julia. we're in the final stretch of 2020 we're focused on two big ipos, airbnb and doordash. airbnb is bouncing back strong doordash saw demands surge both of those companies seeing encouraging demand for shares and to define the future of the gig and sharing economies. leslie picker has the latest on the ipo process. >> it's important to underscore the rarety of this level of issuance in a single week. excluding spacs, we're expecting to see more than $7 billion worth of ipos this week. since the start of 2014, only three other weeks have surpassed that kind of volume. most recently, in mid september there was, if you remember, there was a big week of software debuts unity, jay frog went public. the only week that's saw greater issuance was in may of 2019 when uber went public and then september 2014 when alibaba went public what is different this time, though, is that the billions of dollars in new stock is coming weeks before the end of the year they lock in for insentive free purposes t

i'm jon fortt with carl quintanilla. it is cloud week on "squawk alley. if you were betting against snowflake, wur oyou're out in t cold this morning. that stock up is 12% same for cloud security and authentication specialist okta we're going to talk to the ceo to see if this thing may stabilize from here or go higher splunk, that is the sound of a cloud stock dropping 22% after missing sales guidance for the third quarterer in -- quarter in a row. all this happening as amazon's cloud conference is in full swing. salesforce announced the second biggest software acquisition ever and we started the week on "squawk alley" talking to ibm president jim whitehurst who came to big blue in what and is still thelargest software acquisition ever redhat driven by a hybrid cloud. julia, investors are betting on further growth from already heady levels we can certainly see that in what is happening with snowflake this morning it is reapproaching the highs that some people thought were just impossible after the ipo. but, you know, these results were better than expecte

i'm jon fortt with carl quintanilla and julia boorstin we're going to try to give you a peek at the futurewhat tech trends will be important in 2021 will 2020 winners continue to run? j joanna stern is going to give us a consumer tech take we're going to hear from marvel's ceo on semiconductors, carl >> yeah. we're going to kick it would have a real treat, jon our first guest this hour, giving us a sneak preview of her best tech predictions for the coming year, "the wall street journal's" joanna stern joins us this morning also, of course, a cnbc contributor. merry christmas, happy holidays, good to see you. >> good to see you too happy holidays. >> we've got -- i love your list i just want to go through what i'm guessing is one of your favorites and that is it's going to be a big year for, i don't know, a stair step function of the chip >> you know how much i love lap tops i do think -- let's set this straight 2020 was the year of the laptop. it was a huge year we relied on them much more for work, for school and then apple had this giant announcement at the end of the year where they imp

i'm jon fortt with carl quintanilla and deirdre.e are awaiting the opening of doordash latest indications on doordash, by the way, $145 to $150 we're also expecting the latest company from billionaire and systems co-founder tom seible. airbnb expected tomorrow deirdre, where doordash is indicating, we're getting toward the $50 billion market cap range, which i've got to admit i've been hard on softbank lately and the thesis, but they bet pretty big on this name and that, combined with a reversal in uber's fortunes, means soft bar bank is looking okay for 2020. >> we know they've had a number of flops, jon. it's interesting because at softbank, the biggest investor only invested in 2018, so a late-stage growth round set to reap billions. i spoke to tony xu earlier today and he said that you can't give all the credit to softbank, they were growing before. there's a question we have, especially when it comes to these gig economy companies, can capital be used asa weapon i think what we're learning with doordash, especially after seeing

i'm carl quintanilla with david faber and kayla tausche.te a jobs number that comes in below expectations a lot of disappointment being eased by continued hopes about vaccine delivery in the coming months and the hopes for a stimulus package being put together in the coming days, ahead of a potential vote next week and those constructive comments from leader mcconnell right now, factory orders with rick santelli. hey, rick. >> yes, hi, carl do note interest rates have been moving up since the number all right, october read on factory orders expected up .8% a bit better than that up a full 1% if we strip out transportation, it is still at 1%, but without transportation, that's exactly as we're expecting now let's switch gears to durable goods orders we replace october midmonth with october final. we're expecting 1.3, 1.3 is what we have under durable good orders and that was the midmonth read as well so this is a number as expected, and if we strip out transportation very similar to factory orders, it is still up 1.3. now let's look at capit

i'm carl quintanilla with jim cramer and david faber futures look to give back some of yesterday's late declines on hopes that the stimulus compromise may be getting somewhere. warren buffett hopes so. fda looks on track it approve mo dernia's vaccine this week the briefing docks on line the road map begins with an economic war that is warren buff aets call to action as new covid shutdowns near and congress debates new stimulus proposals. >> moderna is next fda staff endorsing emergenc use of its covid vaccine and a critical step toward approval as early as this week >> and apple's production boost reportedly aiming to make 96 million iphones for the first half of 2021 that would be a nearly 30% jump over production from one year ago, carl. >> yeah. we'll talk about what nikkei said today, david. as for moderna, briefing docs are interesting again. some of the charts looking at efficacy, placebo versus the drug itself suggests that you start to see efficacy as in pfizer after the first dose. >> yeah, this is fabulous. i think people have to start recognizing that there is going to be a

i'm carl quintanilla with jim cramer and david faber it is the first day of december. and we're back in rally mode with a slate full of news today. mnuchin, powell, senate banching, president-elect rolls out his economic team, zoom, shopify, neo, tesla. the road map begins with the risk to the recovery investors are shrugging that off as stocks look to rally at the open. >> one name that may not rally is zoom. shares of zoom are sinking yeah, in the premarket, work from home stock taking a hit from a rising free user base and increasing cloud costs and we have vaccine optimism, moderna and pfizer filing for emergency use and vice president pence says vaccine rollout expected to begin in two weeks carl >> all right jim, i guess the question of the morning is whether that rotation, that worked historically well in the month of november, still applies. >> i think we're running out of gas in terms of the oil and gas and focusing on exxon. stock may not go down, giving the dividend, it says, look, we're at wit's end and the big exploration development period for exxon, mark

i'm jon fortt with carl quintanilla and julia boorstin this hour we're going to talk a lot about software lot of 2020's biggest winners and 2021's biggest growth hopefuls fall into that category that's before we even get to ipos companies joining the public markets are hoping to in '21, software names counted among those, they might have another option and method for doing that, and that is where we'll start this morning leslie picker has some more on the traditional ipo and now this new direct listing >> that's right, jon so just to start, let's take a step back and explain what a direct listing has meant historically and then we'll go into what yesterday's announcement about some changes to the direct listing process could mean so companies like pallen tier, spotify, all have taken this route, which is different from a traditional ipo because they don't use underwriters and haven't historically been able to sell their own stock in the transaction. only prior shareholders could sell and the opening price was made in the market rather than through a traditional road show. yesterday's s.e.

live ♪ ♪ i'm getting my thrill ♪ from now on >>> good wednesday morning i am jon fortt with carl quintanillauly borstin. salesforce is buying slack for more than $27 billion. that's the biggest acquisition for the dow component. the ceo talked about the deal last night on "mad money." >> slack changes everything and makes salesforce a whole new type of company, a company that is truly architected to work from anywhere. now, we have already introduced salesforce work from anywhere a couple months ago, but now with slack it really supercharges our approaches and lets all of our customers re-architect their workforce to be truly from anywhere. >> i'm going to go out on a limb and say this is certainly the software deal, maybe the technology deal of this covid period, because if not for ibm red hat, this would be the biggest software deal ever benioff says this changes everything i don't know if it changes it for the better or worse, but they're paying about 30 times revenue here >> yes, this is certainly the biggest deal that mark benioff has ever done at salesforce. i think it's worth noting t

that's tonight at 8:00 eastern time "the path forward, race and opportunity in america" hosted by carl quintanilla and jon fortt. >>> the death of george floyd on may the 25th sparked protests in indianapolis protests that -- i should say minneapolis. protests that filled streets all across the country calls to reallocate money and improve officer training now months later, a big change to the minneapolis police budget >>> and a clue to the mystery illness in india traces of heavy metal found in some blood samples raising the question, how did it get there >>> plus a friendship forged on survival how a dog is helping a bear cub adjust to life in the wild, when we go around the world in 80 seconds. >> announcer: the facts. the truth. >>> charges filed today over the explosion in beirut that killed hundreds of people back in august a lebanese prosecutor charged the prime minister and three former ministers with negligence and carelessness the blast happened when a large stockpile of explosives ignited. the prosecutor said top officials knew about the danger for years but did nothing. the prime minis

i'm carl quintanilla with jim cramer and david faber futures mostly steady.w transports, busy setup as this historic month for ipos kicked in road map begins with the ipo banner year. doordash set to debut today. pricing above the range. valuing the company at $39 billion. the ceo will join us exclusively this hour. >> plus, records for the market roll on. futures pointing to a higher open the s&

i'm carl quintanilla with jim cramer and david faber futures are soft after the worst day for the nasdaq weeks. huge news day as airbnb goes public, the fda meets on pfizer, disney investor day, jobless claims added 11 week high. road map begins with airbnb on tap, set to day but at the nasdaq, pricing above the range, values the company at 47 billion. brian chesky will join us live this hour. >> plus, tech stocks as becky said and

i'm carl quintanilla with jim cramer, david faber. it is risk off as the s&p is on track for the first weekly loss in three, the worst weekly loss in six, actually, amid fears of a no deal brexit vaccine supply, stimulus as the government faces a budget shutdown at midnight tonight our road map begins with pfizer, though, the fda says it will move to finalize that panel recommendation for emergency use. >> plus, seeking streaming domination, disney outlines its growth plans, projecting up to 350 million subscribers across its platforms by 2024. and stimulus or we can also just call it relief, well, it seems to be stalled again. stocks set to open lower as the fate of a bipartisan plan to get some money out of congress now looks more uncertain, carl >> guys, jim, art cashin yesterday suggested that the rally was showing signs of getting a little tired is today confirmation of that? >> yes, it is. one of my favorite technicians, i'm sure art's too, larry williams, been around forever. he's a great guy i read a lot of his books. we did s

i'm jon fortt with carl quintanilla and julia boorstin we're going to try to give you a peek at the futuren 2021 will 2020 winners continue to run?

welcome to "squawk on the street" i'm carl quintanilla with jim cramer and david faber. futures trying to claw thr way into the green after the 28th record close of the year jobless claims come down a touch, covid deaths do set a new record, and we got news on snowflake, crowd strike, chevron, kroger and more our road map begins with markets and new highs. goldman says that a fiscal relief deal is now more likely >> and there are going to be some job cuts at 3m. the pandemic facing a global restructuring for that dow component. and finally, just reading through the note from goldman sac sachs, the upgrade of tesla, the price target of 780. we'll go over that carl >> all right guys, let's start with stimulus, obviously. topic number one for the markets as we go into year end, jim. you got schumer and pelosi using the bipartisan compromise as a framework. hoyer says maybe a vote next week mcconnell says they're acting in good faith what can go wrong? >> look, i think that they got to do it because one of the things that they don't even talk about is you can evict people. a

i'm carl quintanilla with jim cramer and david faber futures are steady coming off monday's big upside reversal congress passes that long awaited covid relief package, sends it to the white house. we are watchinguk sentiment as the eu recommends all member nations discourage nonessential travel to and from the uk. road map begins with apple this morning. and its reported plans for a self-driving car by the year 2024 >> then new strain, no problem what the vaccinemakers are saying about the latest variants of covid in the uk and later, jedi blue, an explanation of facebook and google's secret pacts, interesting stuff in those lawsuits against those two companies, carl. >> all right a lot to kick around this morning, guys. we're going to start, i guess, broadly with the markets tom lee this morning saying the kinds of upside positive reversals that we got yesterday are not the kinds of things you see when equities are truly topping. >> he's right. i thought that yesterday was one of those days where people said thank heavens, i got a chance to get in before the end of the year there were

i'm carl quintanilla with jim cramer and david faber futures are soft after the worst day for the nasdaq since october. worse for the s&p in about three weeks. huge news day as airbnb goes public, the fda meets on pfizer, disney investor day, jobless claims added 11 week high. road map begins with airbnb on tap, set to day but at the nasdaq, pricing above the range, values the company at 47 billion. brian chesky will join us live this hour. >> plus, tech stocks as becky said and carl mentioned have gotten hit the nasdaq coming off the worst day in six weeks and it is set yet again for a lower open and we're keeping an eye on facebook, of course. it is moving, that is the stock lower on the premarket this after a pair of lawsuits filed by the federal trade commission and then 48 separate states, all accusing the company of engaging in anti-competitive behavior, carl something we just heard jim talking with joe about over to you. >> yeah. a lot to get to on that. of course, airbnb will be the lead this morning, jim coming off of doordash yesterday, 47 billion valuation as we said going to

i'm carl quintanilla with jim cramer and david faber futures are a little soft here after a solid start to december. coming off s&p, nasdaq record highs. pfizer gets the first vaccine approval in the uk for emergency use. but investors state side looking for a clearer path on stimulus our road map begins with that vaccine optimism the uk approves with the rollout expected to begin next week. >> plus, silicon valley's newest and biggest dealmaker, his name is marc benioff. the dow component salesforce acquiring slack, the price in excess of $27 billion. the largest deal that company has ever done. and the china strategy status quo. president-elect biden saying he won't immediately lift china tariffs. carl >> all right, guys a lot to get to today. we'll talk some salesforce, slack with jim in a minute this uk approval and the hopes that the fda is just about a week behind. >> look, we have to think about the number, the amount of vaccines out there, about 40 million. people are worried about 40 million in the united states this is only 20 million people 20 million people take care of all

welcome to another hour of "squawk on the street" i'm carl quintanilla still worst day since about novemberthe moderna vaccine, the bank buy backs and, of course, that congressional stimulus package still waiting for some texts but we talked about it with the treasury secretary last hour. >> we're definitely in a much better position. there's no question the first bill, the c.a.r.e.s. act is the reason why we're here today and the economy has continued to rebound. but as you and i have talked about before, there are still parts of the economy that are particularly hard-hit. as you know we've been working on for months additional money for those parts of the economy, and we couldn't be more pleased that we got this done in time, before the end of the year the president wanted direct payments, so we will be sending out next week direct deposit i expect we'll get the money out by the beginning of next week. $2400 for a family of four much needed relief just in time for the holidays. >> that is the treasury secretary who turns 58 today, david. we talked about direct lending, fed emergency lendi

i'm carl quintanilla with jim cramer and david faber futures steady lots of moving pieces this morningckage being finalized as soon as today good thing, because retail sales did show their first drop in seven months it is fed day. watch bitcoin crossing 20k our road map begins with, quote, getting closer. that's the message from senate leader mcconnell on the potential for a prechristmas covid aid package. >> as covid cases and deaths remain near records, the white house in talks with pfizer regarding additional doses of its vaccine. this

i'm carl quintanilla with jim cramer and david faber futures are weak for the second day in a row stimulus monday. but the news is all about the vaccine as the uk jabs its first patients and we pour through the fda new report on pfizer's data. our road map begins with the covid cavalry. the uk begins vaccinations, this new fda document shows that pfizer's covid vaccine data did not raise safety concerns. >> plus, tesla's $5 billion

welcome to "squawk on the street" i'm carl quintanilla with jim cramer and david faber.he green after the 28th record close of the year jobless claims come down a touch, covid deaths do set a new record, and we got news on snowflake, crowd strike, chevron, kroger and more our road map begins with markets and new highs. goldman says that a fiscal relief deal is now more likely >> and there are going to be some job cuts at 3m. the pandemic facing a global restructuring for that dow component. and finally, just reading through the note from goldma

i'm carl quintanilla with jim cramer and david faber futures are a little soft here after a solid startfizer gets the first vaccine approval in the uk for emergency use. but investors state side looking for a clearer path on stimulus our road map begins with that vaccine optimism the uk

i'm carl quintanilla with morgan brennan and mike santoli cramer and david faber have the morning offsell stimulus relief gets a last minute curveball but market is more focused on this government deal for new pfizer vaccines, jobless claims better than expectednd

i'm carl quintanilla with jim cramer and david faber futures look to give back some of yesterday's latee may be getting somewhere. warren buffett hopes so. fda looks on track it approve mo dernia's vaccine this week the briefing docks on line the road map begins with an economic war that is warren buff aets call to action as new covid shutdowns near and congress debates new stimulus

i'm carl quintanilla with jim cramer and david faber it is the first day of december.l of news today. mnuchin, powell, senate banching, president-elect rolls out his economic team, zoom, shopify, neo, tesla. the road map begins with the risk to th

i'm carl quintanilla with jim cramer, david faber.n three, the worst weekly loss in six, actually, amid fears of a no deal brexit vaccine supply, stimulus as the government faces a budget shutdown at midnight tonight our road map begins with pfizer, though, the fda says it will move to finalize that panel recommendation for

i'm carl quintanilla with jim cramer and david faber futures are steady coming off monday's big upsideief package, sends it to the white house. we are watchinguk sentiment as the eu recommends all member nations discourage nonessential travel to and from the uk. road map begins with apple this morning.

i'm carl quintanilla with jame cramer and david faber november jobs a disappointment, more than halfutures steady amid continued optimism over vaccine and potential stimulus deal. our road map begins with job growth slowing sharply we're going to get the first white house reaction with larry kudlow later on this hour. >> plus,