let's get to kate rogers kate >> hey, melissa, we told you that starbucks coo rosalind brewer is leaving the company at the end of february. dow jones citing sources saying that brewer will be headed to walgreen's and will become its ceo and that an announcement could come as soon as this week. brewer having extensive experience, time at starbucks and now according to dow jones heading over to walgreen's. >> we can see walgreen's shares moving higher in the after hours session. tim, what do you make of this move >> ilike this move i think with walgreen -- i like walgreen's as a company that may be starting to go through that inflection point this is a company that people have been waiting on a long-term strategy it's a company that made a bunch of acquisitions including village m.d. and there's some sense they're going to get into the evolving health care space, and the digital health care space. they've got a number of tech initiatives inside of walgreen's they have $10 billion of health care investment, so i think there's a lot of intrinsic value here and a lot of opportunity. it sound

kate rogers is up next with that. >>> welcome back well, the government is launches the third round of paycheck protection program today kate joins us now with a look at how the roll-out is going so far. kate >> hi, brian, the $284 billion ppp reopened is a, and community lenders were supposed to start first, and then on wednesday for second-draw borrowers. some lenders have been clamoring things may not be ready to today. the bangers associate ask sba to delay the lawns. in the last hour, for cdfis, to try to answer any last-minute questions, you so how the next few days gotten remains to be seen he revamped program is the there are carveouts for businesses under ten employees, very quickly, capital more easily given the long-established bank relationships. and get that to put in play for compliance with the program last year the trump administration touted borrowers accessing loans as soon as the same day, which turned out to be not necessarily true brian, back over to you. >>> kate rogers, thank you very much >>> the next run -- overloon are looked in the previous rounds of aid, but

it's money main street needs but is it enough here is cnbc's kate rogers >> reporter: curtis and jessicaier feel like they're drowning >> we're hoping and praying we get this loan. >> or grant, or anything >> just whatever we can to help us get above water we're sinking and our nose is the only thing sticking up out of the water >> reporter: the owner of this printing and design business are looking for a financial lifeline they had to let two workers go after missing out on aid from the paycheck protection program or ppp last year they're applying for another loan with a new round this week. >> we're going to focus on small businesses, on main street >> reporter: small business advocates are cheering president-elect biden's targeted proposal for additional small business aid biden calling for $15 billion in small business grants and another $35 billion in main street financing to keep aiding small businesses once the ppp ends in march. seeking to help smaller and underserved companies. but as covid cases surge, restrictions mount, and the economy continues to struggle. it remains to be

shep >> kate rogers, thank you. state of the >>> there's no divide on the state of the real economy. americans are hurting. millions have no jobs because theirs got covid-canceled. they need relief, and congress continues its back-and-forth on what to do one of the republican senators pushing for a bipartisan relief bill is rob portman of ohio. i spoke with him this afternoon on capitol hill. senator portman, on stimulus, where is the sweet spot on compromise, and are you convinced that the biden team is serious about bipartisan action? >> well, shep, i was really glad to see the president's speech at the inaugural saying he wanted to work across the aisle and, you know, break through some of the partisan gridlock that has gripped this town. but the way they're handling covid-19 is contradictory to that because they sent up a big package, $1.9 trillion, only several weeks after we passed a $900 billion package, which was the second biggest appropriation ever in the history of the congress, and it hasn't been impleme

advocates are cheering biden's proposal, they're questioning the $15 hyka in anybody mum wage >> kate rogersshepard smith. on c cnbc. it's the bottom of the snowshower states from california to connecticut are ramping up security with president-elect biden's inauguration five days away the fbi warning about armed protests planned for all 50 states and the texas department of public safety announced it will shut down the state capitol after it uncovered what authorities called new evidence about violent extremists the closure starts tomorrow and continues through up august race day. local reporting from our local affiliate in austin, john engle live outside the state capitol john >> shep, the significance of this decision can't be understated. in a state that so values its public access to that building in a state where a licensed texan can carry a gun concealed or openly in the texas capitol that speaks to the level of this threat lawmakers here in texas were told multiple times this week that there were growing -- there's growing intelligence that there were protests that were forming and p

shep. >> kate rogers, thank you. >>> couples stuck at home. schedules wide open.w, maybe some babies would be coming along turns out the boom was a bust instead. a brookings report now estimates 300,000 fewer births this year because of covid and its impact on the economy but one thing is on the rise -- at-home births midwives and due las tell us they're busier than ever as some women realize they might be giving birth during a pandemic and might not want to go to a hospital here's cnbc's jane wells. >> reporter: caitlyn and anthony santos are preparing for their first child. >> i'm excited and terrified equally. they match each other. >> reporter: was this a pandemic baby conceived because of the shutdown >> absolutely. >> reporter: they're planning to have the baby at home. this avoids catching covid at the hospital >> initially i wouldn't say it was the main factor, but as the pandemic progresses, it was definitely -- it's made me feel more comfortable wanting to do it at home. >> reporter: she's not alone midwives and dull las are in demand. >> our practice ha

american the $15 federal hike of course there are deep partisan divides on the issue, shep. >> kate rogerse is no divide on the state of the real economy. americans are urting millions have no jobs because theirs got covid cancelled they need relief and congress continues the back and forth on what td. one of the republican senators pushing for a bipartisan relief bill is rob portman of ohio. i spoke with him this afternoon on capitol hill. >> senator portman, on stimulus, where is the sweet spot on compromise and are you convinced the biden people is serious about a bipartisan action? >> well, shep, i was really glad to see the president's speech at the inaugural saying he wanted to work across the aisle break through the partisan grid lock that gripped this town but the way they are handling covid is contradictory to that because they sent up a big package, 1.9 trillion only several weeks after we passed a $900 billion package, the second biggest appropriation ever in the history of congress. and it hasn't been dpemted yet only a third of the money went out. more concerning "fast money"

kate rogers keeping tabs on that story for us. >>> that does it for "the exchange" but up on "power lunchmpshire has one of the best vaccination rates in the country. governor sununu will join us to discuss what they've been doing to get those vaccines out to as much of the population as possible hey frank, our worker's comp insurance is expiring, should we just renew it? yeah, sure. hey there, small business owner. pie insurance here with some sweet advice to stop you from overpaying on worker's comp. try pie instead and save up to 30%. thirty percent? really? get a quote in 3 minutes at easyaspie.com. wow, that is easy. so, need another reminder? no, no no, i'm good. uh, yes please. oh. ho ho ho, yeah! need worker's comp insurance? get a quote in 3 minutes at easyaspie.com. >>> good afternoon welcome to "power lunch" on this memorable, even historic day in america. along with kelly evans, i'm tyler mathisen the dow up 600 points. along with the s&p 500, hitting an all-time high, call it, perhaps, a resolution rally as

can small businesses handle it let's bring in kate rogers kate >> main street is welcoming president-elect deliver more aid to struggling small businesses in the form of grants and more financing but small business advocates debating another of biden's proposals you just mentioned, hiking the federal minimum wage to $15 an hour, more than doubling the rate of $7.25 an hour. small business groups like the sbe council warning that the move could slow an already challenging recovery and for many, raising minimum wage means across the board, in addition to current concerns about things like rise in costs within thesupply chain small business owners like patrick way, who's a owner of four franchise restaurants in massachusetts and connecticut, are weighing what such a hike means for operations and how he'll handle the costs >> i'm not sure that it's fair to burden everything on the small business owner and then have to have us make the decision with how much we'll have to pass on to our customers. >> business owners around likely weighing similar divisions but one thing for sure the minimum wag

back to normal, and now operators are evaluating approaches to getting their workers vaccinated kate rogers david, good morning. in one of the industry's hardest hit by covid-19 operators both large and small are now navigating the vaccine rollout food service workers are recommended by the cdc to receive vaccines in tier 1c the national restaurant association pushed to have industry workers vaccinated in this group calling them essential to food security starbucks this week announced it was teaming up with washington state to expedite the rollout there dedicating 11 workers in labor and deployment, operations and research and development to help its home state reach a goal of 45,000 vaccinations a day coo brewer told us last week the coffee giant does not yet have a public stance on vaccines for workers or guests. now chipotle said it won't be mandating vaccines but did tell cnbc it would strongly encourage employees by providing resources and access and would strongly encourage the vaccine but it doesn't anticipate mandating it right now. shake shack, mcdonald's, restaurant brands interna

year today almost 11 million americans are unemployed many of them from small businesses cnbc's kate rogers is live in san francisco now with a look at how millions of small businesses are on the brink of failure. kate >> reporter: contessa, that's right. this year has been an extraordinarily challenging one for main street businesses due to the pandemic. census data projects there are about 32 million small businesses in this country 6 million of them are employer firms. the rest of solo, meaning they may have a side business in addition to their full-time job. tractorrecovery.org projects as of december 9th the number of open businesses in the u.s. fell by 29%, meaning more than 8 million closed to end the year and more than 1 million of them were businesses that have employees. that staggering figure has actually improved from its march 30th high of 50% it remains to be seen how many reopen and how many of those closures become permanent. revenues are also down 32% from the beginning of the year but there is a bright spot in new business starts via identification numbers up 40% for the y

. >> kate, thank you kate rogers. tim, you're familiar with brewer from her role at starbucks >> yeah, big loss for starbucks. congratulations to ms. brewer. it's an exciting opportunity i think it's very exciting for walgreens shareholders and i think the stock has languished looking to complete the long term strategy. a lot of different things that have happened already including that alliance health care sale, which was very good fo walgreens shareholders and i mentioned some of the initiatives that village md, which is essentially a primary care digital provider gets them into a business they should be in the core focus on retail and digital pharma is where this company is going to be and there is a lot of value there. i think some of the other invein investments they made, they have cash to deploy it an exciting time to be with a company, these are the moments you wait for as investors, this is one of them. >> still ahead on this bonus hour of "fast money" , we'll see tomorrow's trading day and reporting earnings

kate rogers here with more about the changes we can expect again for kate round three of small businesss right, sara. the $284 billion ppp will reopen with tweaks that are designed to ensure that smaller businesses get first dibs this time around and to lessen the likelihood of fraud occurring. community lenders will get to start first with applicants seeking first-time loans on monday then on wednesday for second-draw ppp borrowers. there are carveouts now for businesses with under ten employees, cdi, and mdis which advocate praise as last year we saw all that money run out quickly as larger businesses established loans more quickly due to their taebed banking history. there are going to be checks in place to ensure borrower eligibility and compliance with the program. last year the trump administration touted borrowers being able to access loans as soon as same day which turned out not necessarily to be a good thing. and all that money ran out, too. hopefully the little guys get access this time around. >> any sense what have the demand will be like this time, whether there is much in

. >> i am not sure microsoft falls -- actually lets go to kate rogers on starbucks, just ow that stocklooking like a mixed q 1 here for stack bucks. we will take you through the numbers. eps, a beat, revenue as miss here, $6.75 billion for the quarter. the street was looking for of $6.92 billion. global comps down 5% compared to items down 3.6%. america's comps down 6% compared to estimates of a fall of 4.2%. in the u.s. same store sales were down 5% in china a bright shot, same store sales increase bag 5%. across the board here, too, transaction declines were offset by higher average tickets. we are seeing that at many companies no just starbucks. 21.8 million active rewards members. they are leaning into new consumer preferences like mobile pay, order ahead and pick up in the drivethrough >> how much of the weakness, the misses and declines that we see in traffic and comp store sales do you think are tied to the rolling lockdowns that we have seen in places like europe and shutdowns, and therefore temporary versus other sort of troubling changes of behavior and just weakness overall?

best year ever >>> in the meantime, mcdonald's also hitting the wires and kate rogers has been lookingte, what can you tell us >> reporter: hey, becky. good morning mcdonald's missing on the top and bottom lines this quarter. eps coming in at 1.50 this morning. revenues also slightly below at 5.37 billion coming in at 5.31 billion. the u.s. business showing strength u.s. same-store sales better than expected increasing by 5.5% benefitting from strong average check growth we see it across all day parks mcdonald's pointing to investments with the travis scott partnership and promotional activity like the return of the mcrib. they ended with same-store sales up 0.4% in 2020. that's notable in the challenging environment. global comps 1.3% decline. they fell 7.4% in international operated markets and fell 3.6% in international developmental licensed markets comparable guest counts remained negative across all segments the company adding restrictions as a result of covid-19 have carried into 2021. impacting most of the key markets outside of the united states, particularly those with fewer

kate rogers joins us >> that's right, roz brewer will be leaving starbucks at the end of february tonce 2017 as coo working on the company's transformation in format including drive-through and pickup and mobile order. and steam lining the customer experience prior to that she was ceo of sam's club brewer will join a short list of ceoess of fortune 500 companies as you mentioned notably will be the only black female of a fortune 500 company. more women have come into the ceo position in 2020 than any other year i recently spoke with brewer whether or not starbucks would be mandating masks for workers just two weeks ago >> we're going to be doing everything we can to impact and improve thedistribution and execution of the vaccination process. and that's most important, to get the entire community vaccinated and to make sure that everyone understands the importance of that >> no decision yet on those mandates but vaccine obviously top of mind both in her work at starbucks and as an amazon board member companies who are working with washington state rollout efforts, even as she leads bo