eric chemi has the latest. ric >> that's right, kelly crude prices fading after an early rally despite the indices reaching all new record highs today. a spike in coronavirus cases could weigh heavily going into the new year opec and its allies are getting ready to add another 500 barrels to the supply and will likely result in more near-term pressure going forward >> eric chemi, thank you very much the pandemic drastically changing consumer's holidays shopping trends. we know that more people are buying on line, of course. it also means you're getting more clothes in that don't fit, especially as a lot of people have added some pounds during the lockdown frank has more on the many, many, many happy returns or unhappy returns for retailers. frank. >> check this out, new stat. the returns on the day after christmas were 230% higher than the average day in 2020. that's according to online firm returnly the report makes the case december 26th is the biggest day for returns, as opposed to being a day in early januar

let's go over to eric chemi for the latest numbers >> happy new year.ettling lower today but notching a second straight month of gains it's a quiet end to a tumultuous year for oil with both benchmarks down more than 20% as lockdowns have weighed on demand wti just under $50 a barrel after remember it went negative for the first time ever back in april? not negative anymore while a vaccine is boosting hopes for demand, opec is set to boost output by 500,000 barrels a day next month kelly, sending it upsfars to tao you. >> with people stuck at home, streaming subscriptions have surged the companies have seen pretty strong returns but as the world starts to open up, will that trend continue here to weigh in on all of this is bob thompson, television, radio and film professor as syracuse university's school of public communications. he is also the director of the school's center for television and pop culture. it's great to have you the big question hanging over the whole industry is is the movie theater coming back in a real way or not here >> well, i don

sara, back to you. >> eric chemi, eric, thank you we saved stephanie link for her reaction here. consistently liked it it has done well it is not having a big move. i mean this was expected wasn't it? >> definitely expected they are one of the companies that report same store stales on a monthly basis. we know that number. looks like it was in line. canada also in line. international strong but again in line. e-commerce sales of 82% was very strong momentum continues there very much so. the biggest number i am going to look for and listen for on the conference call will be the membership fee revenue we are looking at $860 million that's the be in they have to beat or come in line with. that's the reason you own this stock, the recurring revenue, the membership fees and the renewal rates are so high. this is a great company. it acts like a consumer up staples. it is expensive but i just got a 20 sl share dividend i am going the hold it i right sized the position because i have had a nice run and it is important to make profits, but this is a corps holding and a compounder. >> trea

eric chemi joins me. >> as gold prices have soared, individual investors and collectors are buying upold coins in record numbers. the u.s. mint telling cnbc, its bullion sales are over 700% higher than a year ago michael whitmeyer says the pandemic has led investors to buy safer assets amid economic uncertainty. >> you see bitcoin setting new highs. pokemon cards and assets are selling really well. >> whitmeyer says his customers have been worried bin crease government spending leading to a larger money supply, weaker dollar and possible long-term inflation. most long-term investors take physical possession of their gold, usually keeping it outside their home whitmeyer thinks the demand surge can keep going >> our revenues have triple year over year. we've added over 300,000 new customers this year. that's an enormous number for us and it indicates just the tremendous demand for precious metals products, particularly from people new to the marketplace. so certainly surprised i could have never another seen this level of demand prior to coming here this year. >> whitmeyer says his bigg

covid cases, players will not be living in a bubble like they did at the end of the 2020 season eric chemins us with what's behind thatity signatur itdecisn >> that was meant to finish up a season that had been mostly completed before the pandemic hit. it cost the league almost $200 million to have that bubble. the nba decided against creating a bubble for this entire full season that's about to start, the commissioner saying it was a serious mental toll for players to be cooped up so long away from their family. so they'll do daily testing of players and staff and be sure everybody keeps safe behaviors here's adam silva from earlier today. >> i'm not ashamed to say we're balancing the economic factors as well, not just for the players in this league but for literally the tens of thousands of jobs that are dependent upon the nba continuing when we weighted all those factors together, the teams together with our player association, we decided this was the right time to go forward >> there are certainly some differences from last year compared to normal this season is starting two months lat

eric chemi has the numbers >> dropping more than 2.5% in today's session.that new coronavirus strain in the u.k. spurring fears of a slower-than-expected recovery in fuel demand. this is coming off the highest settlement in february for wti and brent. the s&p energy sector one of the worst performing sectors in the index in today's session down about 1% energy stocks like diamondback energy, apache and schlumberger are down between 1.5 and 2%, occidental petra nemco -- petron 1% >>> and tesla is up 30% in the past month alone it enters the s&p 500 as the since biggest company in the index but as a heavyweight, it may bring s&p earnings down more than 1% next year. so can tesla hold its charge moving forward let's bring in joe osha, who just hiked his price target to $788 and tim higgins at the wall street journal and cnbc contributor. joe, this is a very fresh note the last time you put out a note on tesla i think was mid-november, a $516 price target what do you base this new valuation on, this new price target, $788 a share >> thanks for having me on, rah

> welcome back retail traders are finding value in one childhood favorite, sports trading cards eric chemias that for us >> for jimmy mahan, the pandemic has provided an unexpected boost to his lexington, kentucky small business. >> they can't go to the game they can't do anything but watch it on it v and now in the pandemic, it just created a focus on it >> former card collectors are getting back into the game, dusting off their old sets >> people are definitely trading cards as an asset. the big difference between trading cards and a lot of commodities is the fact that there's a finite amount of surprise >> after years of decline, people are changing the way they price cards. trading cards are become an asset class that can be worth big money. >> if you took the top hundred or so cards, 500 in trading cards, they have beat the s&p 500 by 153% over a decade. that's not a small sample size >> just two weeks ago golden auctions sold a steph curry rookie card for $611,000 a giannis card sold for a record 1.8 million. many collectors are putting across portfolio cards as low as $100 and well

what can we expect next year from the world of sports eric chemi joins us with a preview of 2021. hello, eric. >> contessa, that's right. the sports industry will take on a new look, one with big winners and losers off the field first, the return of fans. the vaccine will get spectators back into stadiums, not every stadium filled to capacity, but they'll gradually welcome real live humans in watch out for technology improvements like contactless transactions, shorter waiting lines and efforts to keep people more spread out than before. college athletes will inch closer to getting paid new efforts from congress and state governments will shift toward getting paid to play. colleges will try to form their own rules to avoid more aggressive changes forced on them by the government most players, they're not going to see any money this year it's still a very slow process >>> the pandemic will separate strength for weakness at every level. the biggest pro leagues will see permanent job cuts cash-strapped owners will sell their teams after suffering losses cuts will trickle all the way do

eric chemi, thank you very much. >>> with the pandemic shutting down live conferences, one company wantso bring them to your living room instead we will speak to the ceo of hopen about atexth nt. t love obsessing over network security? all our techs are pros. they know exactly which parking lots have the strongest signal. i just don't have the bandwidth for more business. seriously, i don't have the bandwidth. glitchy video calls with regional offices? yeah, that's my thing. with at&t business, you do the things you love. our people and network will help do the things you don't. let's take care of business. at&t. >>> the pandemic has caused a big shift in the way that companies plan events now as virtual events now dominate. lon deny based start-up hoppin was at the right place at the right time allowing companies to run large gatherings on line it is valued at $2 billion from $38 million at the beginning of the year here at a look at our future is the founder of hoppin. it should have two ps, what gives? >> it is what we found on line. >> as is so often the case tell me about this techn

eric chemi has those numbers >> sara that's right pager duty, you are seeing this pop.urs. it was down 6% during the day. the earnings you could say beat slightly but it was a nine cent loss the street was looking for a tencent loss slight beat. revenues $53.8 million street looking for $52.6 million. customers with revenues above 500,000, that increased 40%. gap gross margins increased to 85.7%. they were 84.5% last year. but mixed guidance going forward. fourth quarter revenues 57 to 58 million that's better than the 55.5 the street was looking for. but the fourth quarter loss they are looking at 11 to 12 cents a share. the street was looking for ten cents. big beat pager duty. >> up next, mike santoli heads back to the telestrator with a look at the big shift in shareholder cash. >>> later the most complete collection of supreme t-shirts being offered for sale at christies. the asking price will rpsurise you. a reminder, you can always watch or listen to us live on the go on the cnbc app. we'll be right back. see yourself. welcome back to the mirror. and know you're

eric chemi with the numbers. >> that's right.arnings you can see the stock popping after the bell here, 5%, a loss per share only 8 cents. better than the street average was looking for. the revenue is also a beat a 45% rise in net sales year over year. a 40% rise in active customers let's, the revenue guidance for the fourth quarter and the fiscal year much better than the street was expecting good all around results for chewy. >>> up next mike will head to the telestrator 20 look at whether strong dpland for equities could be getting overheated as a rinr u emdeyocan always watch or listen to us life on the go on the cnbc app we will be back here on "closing bell." every year, we set out to do one thing: help the world believe in holiday magic. and this year was harder than ever. and yet, somehow, you all found a way to pull it off. it's not about the toys or the ornaments but about coming together. santa, santa, you're on mute! just wanted to say thanks. thanks for believing. >>> we are back. let's send it over to mike santoli

eric chemy with the story. >> that's right.0% of its logistics segment into a separately traded company on the new york stock exchange. two different companies. they intend for the transaction to be tax free to xpo shareholders and would result in current xp o shareholders owning stock in both companies. chairman of xpo logistics would have a role in both of those he's actually on "mad money" later tonight to get into those details. this is big news for the company, rationale here being that the logistics part of the business can be separated out from the ltl and transportation brokerage systems part they can be specialized businesses and the investment community can understand each of those a little bit more accurately rather than the current structure. that is xpo logistics with a spin-off on the logistics part back to you. >> up almost 2% after hours. we'll look forward to that interview on "mad money. thak thanks, eric. >>> shares of snowflake, down almost 9%, cutting their losses, down to almost 6%. we'll break down that m

eric chemi has that story. what's going on? >> that's right.on low, down around 5.5% as bloomberg reports microsoft is designing its own chips for servers in surface pcs. yet another threat to intel as companies like apple and amazon begin to develop their own chips. intel down 20% on the year cnbc is reaching out the microsoft. we will update you when we hear more. >> hits just keep coming for intel. >>> nike meantime touching an all-time high as it gears up to report earnings after the bill digital sales, and china two key metrics to watch we will break down the numbers and get instant reaction from a top analyst coming up on "closing bell. [squeaky shopping cart] [sniffing] is the salmon wild-caught? she only eats wild caught. [cash register beeps] uh, i need a price check on honey. don't get mad. get e*trade and get more than just trading. investing. banking. guidance. >>> welcome back 17 minutes until the close let's check in on some individual market movers susquehanna listing airbnb as positive the firm saying the rental company is a cat

. >>> stitch fix earnings are out, eric chemi has the numbers for us >> wilf, that's right.t here for stitch fix actually they reported a gain, an actual positive earnings where a lot of street was looking at an actual loss for stitch fix that is certainly big news also beating top and bottom line you can see the stock doing very well interesting tidbit announcing a new cfo coming from amazon where he was head of digital video. amazon studios, the ceo of that division a big move for stitch fix. a big beat in earnings, positive rather than negative and a cfo hire. >> people still buying clothes sneef'd. >>> we have break news on tomorrow's big vaccine summit at the white house. meg tirrell. >> reporting that moderna and pfizer ceos will be notable absences at the vaccine summit that the white house is holding tomorrow they of course have been the first to report that it existed. moderna and pfizer have not confirmed they are not attending, however nbc news confirmed they are not on the attendees list this really appeared to be an event to celebrate really the progress on the

eric chemi with the details. >> that's right.o knows announced a multiyear licensing deal with la grand a company that specializes in the electrical and digital infrastructure of buildings. the deal will see them license sonos patents for multiroom audio products it is up 10% adding to its near 50% gains this year. wilf, i will send it to you. >> s&p 500 up about a percent as we stand it is time for a cnbc news update with seema mody. >> joe biden's chosen pete buttigieg to be his transportation secretary also announcing that during a conference call with republicans today mitch mcconnell warned them -- mcconnell told them it would be a terrible decision to go on the record against trump. >>> peter my guard has been charged with sex trafficking >> peru, police officers dressed as clause is and an elf helped raid a subpoenaed drug house allegedly arresting a gang i leader and four others they say the costumes were meant to add an element of surprise to the raid back to you. >> i would say so. seema mody, thank you. >>> up next, ne