edward jones xfinity rewards are our way of thanking you just for being with us.or all of it. enjoy rewards like sing family fun nights! rent sing for $1, then belt out all your favorite tunes from the movie with sing karaoke. plus, see sing 2 in theaters with buy-one-get-one free fandango tickets. join over a million members by signing up for free on the xfinity app. our thanks. your rewards. >>> good morning it is quiet. too quiet. relatively calm after the 1,000 point rebound. erasing the selloff that began on black friday. pfizer shares lower after a small study in south africa show reduced efficacy of the vaccine against the omicron variant. a set back for the vaccine mandate after a court ordered a halt for the order of even federal contractors. thursday, december 8, 2021 "squawk box" begins right now let's start with the markets the dow was up from the 350-point day we saw the week before. the s&p up by 2% nasdaq the big winner up by 3% 461 points for the nasdaq. that was saying something. check out the moves. you'll see the moves for the week to date up 3.

edward jones every day in business brings something new. so get the flexibility of the new mobile service designed for your small business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. >>> welcome back, everybody. got a market flash on roku which just jumped to session highs after reaching a multi-year agreement with google to carry youtube on the platform. r korx u tracking for its best day of december of 2020 with a 7 percentage gain but remains 25% down this year a significant agreement with google to carry youtube. >>> markets more broadly speaking right now have the dow up 121 at the highs but now down about 62 points. s&p up by 3. across sectors communication services and ener

edward jones >>> here's a look at the forecast in some cities around the country. ♪ >>> keep away frome in my house -- >> i'm a grown-up now. i'm going to see for myself. >> "west side story" won the weekend box office with $10.5 million in ticket sales, but the total was below expectations according to analyst. the lavish remake of the classic is directed by steven spielberg. >>> on the cbs "money watch" now, why bacon could soon be a lot more expensive in california, and peloton has a funny take about the fate of mr. big. diane king hall is at the new york stock exchange with those stories and more. >> reporter: good morning. this week the investors will be focused on the two-day policy meeting of the year which kicks off tomorrow. stocks ended higher on friday. the dow rallied 216, the nasdaq gained 113, and the s&p 500 added 44, notching a record high and logging its best week since february. >>> a group of restaurants and grocery stores are hoping to block a state animal welfare law. the coalition is seeking a two-year delay on a measure passed by voters in 2018. it requires more

edward jones >>> here's a look at the forecast in some cities around the country. ♪ >>> on the cbs "moneyges out for christmas, and nike is selling nft sneakers on roblox. naomi ruchim is at the new york stock exchange with that and more. good morning, naomi. >> reporter: elise, good morning to you. investors today will be focused on the federal reserve's final monetary policy decision of the year which will likely include the withdrawal of its crisis-era stimulus program. meantime, the three major indices ended in the red yesterday. the dow fell 106, the nasdaq dropped 175, and the s&p 500 lost 34 points. >>> get those holiday gifts shipped today if you want them to arrive before christmas. for fedex, the deadline for ground and home delivery shipment is today. the same goes for u.s. postal service retail ground deliveries. the postal service said this week is expected to be the busiest week of the season with nearly 2.3 billion pieces of mail expected to be processed an delivered. >>> parents who depend on the child tax credit program could potentially get their last check today. the fu

edward jones ("jingle bells") ♪ (doors knocking and bells ringing to the music) ♪ - [announcer] thiselcome back, everybody. energy stocks leading this year. yes, you heard me right. but are the worst performers in the past month jp morgan betting they can be leaders once again in 2022, calling exxonmobil, phillips 66 and sun core energy their top pick analysts saying favorable commodity prices, baelts, favorable return plans should drive growth joining us our trading nation team nancy, what do you think of the big oil names? is it time >> i think it has been time. and there are ways to play it going toured to be sure, tyler we are overweight the group which isn't hard because it is small wading in the s&p 500. we have been playing the upstream names lining faang. i think if you own faanng it is too soon to sell but i don't think you chase it here. we also recently added to phillips, which is part of the jp morgan upgrade. i think that makes sense for a lot of reasons the company is going through cost restructuring they seem to be turning the corner on some of the execution problems t

edward jones as an independent financial advisor, i'm so glad we did this. stand by these promises: i promise to be a careful steward of the things that matter to you most. i promise to bring you advice that fits your values. i promise our relationship will be one of trust and transparency. as a fiduciary, i promise to put your interests first, always. charles schwab is proud to support the independent financial advisors who are passionately dedicated to helping people achieve their financial goals. visit findyourindependentadvisor.com hey, angie! you forgot your phone! hey lou! angie forget her phone again? yep. lou! mom said she could save up to $400 on her wireless bill by switching to xfinity internet and mobile. with nationwide 5g at no extra cost. and lou! on the most reliable network, lou! smart kid, bill. oh oh so true. and now, the moon christmas special. gotta go! take the savings challenge at xfinitymobile.com/mysavings or visit an xfinity store to learn how our switch squad makes switching fast and easy this holiday season. >>> welcome back the s

edward jones ♪.transportation and infrastructure, congresswoman beth van duyne joins us. good to see you. now we've got "the hill" and "the washington post" reporting that democrats may not be able to pass the rest of the biden agenda by christmastime. senator schumer was talking about that by you know the middle of the month. you know we're seeing reports out of you know, d.c. it won't happen. is it one and done for biden, just infrastructure? is that it? >> well, i certainly hope so. i think what is happening is people are starting to come around, at least elected officials if they have been home over this last week, they have been talking to their could constituents they're realizing the last thing they want right now is additional debt, additional inflation, additional supply chain issues. every single thing this administration is pushing is leading to that including this multitrillion dollar reconciliation package they keep pushing. is it one and done? i would hope so before any additional regul

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edward jones neil: all right, they say they're doing it for tax purposes, or because they have some optionse matter is, the very very rich, from elon musk to the founders at google to mark zuckerberg, they have been selling a lot of stock, running at double the pace it was a year ago, almost $40 billion worth, and you have to wonder what's going on here. are they doing it again, for tax purposes and all the rest, or do they see trouble down the road? charlie gasparino has been looking into all of that joins us now. what is going on? charlie: i don't know elon musk 's broker or zuckerberg's broker, i do know a lot of high net worth brokers who deal with people who are generally, i would say, they manage people you have to have at least $3 million to get these guys services. what they are telling me -- neil: lunch money to you. charlie: of course, 3 million here, 3 million there, but what they are saying is it's not all tax reasons. there's a lot going on here. we have tax reasons as one reason, layered on top of the fact that the fed is tightening another reason where you'd sort of, it's goo

we see here some of the retail shops charles schwab, edward jones, wealth managers to roll money out of the plan. we are tracking and we can see over time with your plan as well as others. moving quickly through participant services. we look at how your plan participants engage with the plan and your service provider. 2020 was a very busy period for our call center staff, given the covid pandemic, volatility in the markets. 2021 is more stable and that is in the decrease in the number of calls and we have done a good job of meeting that service demand in terms of staying within our 30 second benchmark of answering and realizing high customer satisfaction. it is something we track very closely month-to-month. next couple slides show ways of illustrating those volumes and average speed of answer metrics. the other area that i will focus on is the local counselor activity. this slide 27 does a pretty good job illustrating the life cycle of our local activity since the transition of the plan to voya. you can see during the initial first several months reflect increase in activity as we b

edward jones >>> is tesla in trouble for 2022 after its recent reversal?uawk on the street" straight ahead. that's great, carl. but we need something better. that's easily adjustable has no penalties or advisory fee. and we can monitor to see that we're on track. like schwab intelligent income. schwab! introducing schwab intelligent income. a simple, modern way to pay yourself from your portfolio. oh, that's cool... i mean, we don't have that. schwab. a modern approach to wealth management. >>> busy day for crypto as washington wrestles with thou regulate the $2 trillion market. ceos from half a dozen crypto firms testifying before congress yesterday. here to talk about the space, steven pier, big pay co-founder and ceo whose company rolled out new coin payments for merchants like amc among others. good to have you. >> good morning. thanks for having me. >> what do you think about the message those executives delivered yesterday? >> you know, i think they're focused on stable coins and how they will be regulated in the future going forward on bitpay's plat

edward jones neil: you remember the 1800s saying go west, young man, i guess, extension today would saycline in people moving to california. what's going on with that, kelly o'grady is looking into that phenomenon and joins us in san francisco, kelly? reporter: hi, neil. yeah, i mean, this is already a problem before the pandemic, but since then a number of californians leaving has increased by 12% and on top of that like you said people don't even want to move here as much anymore. that number is down by 38% and can you blame them? the weather here today is terrible but the biggest driver of that is the cost of living, especially here in san francisco, so according to a new study a family of four with combined income of p 300,000 is living paycheck to paycheck in the bay area and that stat is astounding and that's a middle class lifestyle, rent is sky high unless you bunk with a number of roommates but even if you own the average home price is 1.8 million. >> $1.8 million median home price in san francisco, plus or minus $100,000, but if you go to the hard land you can get homes for 30

edward jones neil: starbucks shop that's going to be unionized surprised a lot of folks when we learnedlike it could be close. starbucks genesee street supervisor, carolyn, good to have you. welcome. >> thank you for having me. neil: this caught a lot of folks off guard who didn't think it would happen that starbucks pretty generous pay packages and benefits and yet it still occurred what happened to you, so. >> we have really been looking to make starbucks an even better workplace than it is. they do have you no health insurance and they offer different benefits whether it's college education, health insurance, stuff like that, but we wanted to be more assessable for all partners and did not have so many, i guess, terms with it. neil: so, what was the biggest beef or the ones who voted for this with the starbucks or at least these two locations? >> i think it really just more of a say in our workplace. we are on the floor every day. we are creating the starbucks experience, so we have a really valuable input that we believe we can share with the company to make it a better workplace fo

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edward jones >>> executives from cryptocurrency exchanges meeting on capitol hill to discuss digitalssuing some new rules in the new year joining us now, robinhood chief legal officer. thank you for joining us >> thanks for having me. one would have to assume that congress is actually going to act i heard joe comment on things happening in washington it is a stretch to believe anything on crypto coming out soon >> that's really the question. about legislation or influencing what agagary ginsler and what hi doing. >> i think it will be informative. the world of crypto here in the u.s. is kind of dividing into two camps. one is bigger than the other the other running away from regulation and trying to avoid regulation the other camp and robinhood is sort of running into the regulation you have entities already so highly regulated who put such a premium on compliance. saying, we can deal with regulation it doesn't squash innovation doesn't take away investor choice the problem the chair has here is he doesn't have legislation to give him the authority to do probably what he wants to do

edward jones . >>> instagram top executive adam mosseri testified before the senate yesterday callingyouth online instagram announced new safety features, questions remain what would be the most effective way to police social media jonathan green blat is the ceo and national director. i know you have a lot of thoughts about tech regulation in general today let's focus on children. this is an area where democrats and republicans seem to agree on a lot of points. it's kind of surprising not more has been done to this point? what did you think of the testimony yesterday? >> look, i think the testimony yesterday was quite revealing. facebook around meta as you talked about in the previous hour claim they want regulation. it's seems cynical when they are simply unwilling to make the changes today that would require any government intervention that can make the platform safer for children all children. at the adl, we found literally just yesterday that with just a few key strokes minors can easily access extremists and white supremacist information all over instagram and there was another s

edward jones the living room slash yoga shanti slash regional office slash...e. find yours on the vrbo app. ♪ ♪. stuart: the producers are good we hope we will be home for christmas. what you're looking at atlanta airport 44 degrees and nice take up right there more than 2.1 million people boarded planes that is double the number of travelers on the same day last year let's check the airlines. we had american airlines rally just a little about half a percentage point here is his story the airlines are worried about the threat from 5g, what is that. >> i heard rumors about this over the course of the last couple of months this is here the 5g with interference of cockpit safety systems that help them land and poor weather and prevent crashes in the wireless industry says it poses no risk the faa worries frequency could potentially this is a battle between the cell companies in the airlines and the regulators all three trying to figure this out over the course of the next couple of months that you need to watch. stuart: tell me about the story of the cruise ship t

edward jones new projects means new project managers. you need to hire. i need indeed.y. ♪♪ whose resumes on indeed it starts with a mother's determination to treat her baby's eczema. and grows into a family business that helps thousands more. it starts with an army vet's dream of studying the stars. and grows into a new career as an astrophysicist. it starts with an engineer's desire to start over. and grows into an award-winning restaurant that creates local jobs. they learned how on youtube. what will you learn? teen girl: parents are people, too. and the stresses you're feeling, you can bet they're feeling as well. visit yourlifeyourvoice.org for some game-changing ideas on how you can turn things around at your house. when you go first, everybody wins. >> cloudy and 74 degrees. a fire broke out in disney world's magic kingdom in orlando. suggests had to be evacuated. of 3 caught fire near cinderella's castle. the cause of the fire is under investigation. the governor of florida, ron desantis banned vaccine mandates. ashley moody joins me. >> are you fighting mandat

edward jones stuart: we're still holding on to a solid rebound after yesterday's losses. >>> new york the story. seems to me that would raise heating bills, right? reporter: yeah. stuart that is exactly right. that is a concern coming from folks here in the city, that this transition is going to come with a hefty price tag that residents of new york city are ultimately going to have to pay for. this proposal passed the city council just last week. it bans natural gas hookups in smaller, newly constructed apartment build national 2024, larger build national 202. that means all electric heat in the building, no gas stoves. all electric cookware. important to note, there is no apartment in new york city that is currently all electric. so this is a pretty big transition. the move, big apple joins a host of mostly other democratic cities issuing the gas restrictions up in ithaca new york, 54 communities in california and seattle washington there is a dozen towns in massachusetts are advocating bans on natural bans but this issue is putting mostly democratic cities against the more red lean

edward jones ♪♪ it's been a hard day's night ♪♪ and i've been working like a dog ♪♪ it's been a hardi've been trying to get you to sing for 3 and a half or four years. for dislodging approach charging service to help their electric car fleet fill up faster. installation, maintenance, operation of these chargers, home depot and public charging stations and wells fargo raising their target price, we are getting a downgrade worth $125 but most of the good news is priced in and there are concerns about travel trends with the omicron spread and bank stocks are attractive what the federal reserve indicating they are going to hike interest rates three times next year's the bank of new york mellon being upgraded to a buy and jpmorgan worth $67 and bank of america called their top bank pick for this year. so who knew that higher yields, higher interest rates would put more money on their loans. stuart: interest rates go up with a simple equation. >> you can do that one more time. just one line. stuart: we will see you later. let's get to this. a headline from the new york times. bret stevens

edward jones stuart: i think this is one of the most difficult questions we've ever had on the triviaese, err due, arabic and one other -- [laughter] >> your winning streak continues. >> i think i should play lotto. [laughter] stuart: the answer's 12, got that. okay. among those are arabic, hebrew and persian and a few others, obviously. >> yeah. stuart: that was the most difficult question ever asked. >> it wasn't even multiple choice. that makes it even harder. stuart that's true. meanwhile, our floor director who googled it, she knew the right answer. [laughter] and i actually said don't tell us, don't tell us, because that will spoil it. you didn't tell us. we appreciate that. >> do i get anything for winning three weeks in a row? stuart: kudos? >> i have a gift basket for you. [laughter] stuart: i'll buy some spam, and i'll bring it in for you -- [laughter] ♪ >> i knew i loved my job. my dream job. stuart: time's up. neil, it's yours. neil: i have no way to top that. [laughter] all right. the spam thing i agree with, the right to left, i don't know. finish thank you very much, my

edward jones ♪ ♪ i'm so glad we did this. amazing... jerry, you've got to see this. seen it.gets a little old. [thud] [clunk] [ding] ugh... yesterday workers at one buffalo area store of starbucks made history when they voted to unionize it's the first starbucks to form a union in company history at a company store ever but the coffee chain prevailed at another cafe which voted against unionizing while voting results at a third location are still unknown. the voting ends a months long battle could have an effect theoretically for the restaurant business they warned analysts last quarter that earnings for fiscal 2022 would be hurt by rising costs from the pandemic including wages. for more on this and other union developments as well and the possible effects on the industry in general we are joined now by -- i can't believe they had to spell this out for me peter, peter capelli. i got it peter capelli, thank you director of the center for human resources at the wharton school at the university of pennsylvania and nick setyan, senior equity analyst from web bush sq securities i

edward jones every day in business brings something new.business. introducing comcast business mobile. you get the most reliable network with nationwide 5g included. and you can get unlimited data for just $30 per line per month when you get four lines or mix and match data options. available now for comcast business internet customers with no line-activation fees or term contract required. see if you can save by switching today. comcast business. powering possibilities. >>> welcome back to "squawk box" this morning we have some covid news to tell you about. the "wall street journal" reporting the fda gearing up to quickly review vaccines and drugs that target the omicron vaccine. sources telling the journal the fda has been meeting with drug makers and guidelines for studying and data. it could mean studying the immune response in just hundreds of people. one source telling the journal the vaccine makers would need about three months to develop and test new shots and then the fda would then take one to two weeks to review it all joining us

jones. let's hear from nathaniel and edward thomas. thank you for joining us today. >> we are both delighted to be here. lots to talk about both of us are veterans and know a lot of history buffs and so glad to have you. so matt, this is a departure for you. you've written all the great books but haven't gotten in your car with your wife and written about that for. tell us about your thought process and maybe you can start with the chariot? >> that's where it began. it all began for me really during a research trip for my last book about the american revolution in the yorktown and i made my way to the john brown house. now, this isn't john brown the abolition, quite the opposite, the slave trader and cofounder of brown university and in the back of his home there's an annex as john brown chariot, i compare the single forward-facing seat to the backseat of vw bug. it's this tinily little thing and according to family tradition when the newly inaugurated president george washington was visiting providence john brown gave washington a rid