so mgm has a little over 12.5, very little exposure, 12.5% exposure to macao.bet on mgm has always been that the gaming piece, so i'll be curious to see how this news unravels, but i really like it here. i continue to like it. >> joe no interest in casino stocks >> no thank you. nope no interest. >> why not >> i have called them dinosaurs in the desert and we've got a recession coming in 2023 and i think that's going to be impacting them >> all right we're going to take a quick eais w down 500 points we'll do final trades, next. power e*trade's easy-to-use tools make complex trading less complicated custom scans help you find new trading opportunities while an earnings tool helps you plan your trades and stay on top of the market you're puss in boots? whno habla english.ool helpshabla espanol? trades i don't speak spanish either. who is this guy? i'm puss's therapy dog. wanna rub my belly. no, hard pass. puss in boots. rated pg. ♪ at prudential we think you should say it when things go right too. like, when you score your dream job. sell your business. or disco

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wynn macao is up 20% and strong gains across the wider sector joumanna, the trade around the reopening story has been incredible to my mind, it demonstrates how few investors were expecting this reopening to come now >> i would say it is still at the point where it is baby steps. at the end of the day, we are nowhere near in a situation where they are living with the virus. if you have mild symptoms, you still have to quarantine for a period of time very onus requirements this is all about the messaging and the government are now making it very clear they are at a point of no return looking ahead, over the coming months, we will get further easing measures. this is something that again you and i have discussed the last couple weeks it is all about the vaccination rates and efficacy you have to get three jabs to get immunity similar to the foreign and international vaccines it is really important they get the elderly vaccinated that should be the priority of the government once that is done, they can go down the route of full reopening. >> absolutely. that was the reason why some many e

know, becausecover it closely, a problematic place. >> las vegas games capital of the world while macao rests. thanks for coming in and explaining the deal for us. >>> coming up, ceo sitdown feud bean elon musk and apple's tim cook ending as soon as it began. the twitter owner withdrawing plans removing from the app store. brief tip, reading apple's app power plus apple one of the few tech ferns not announcing massive playoffs, not so far but the companies that cut costs early may benefit in the long run. we'll explain when "power lunch" returns. we all have a purpose in life - a “why.” no matter your purpose, at pnc private bank we will work with you every step of the way to help you achieve it. so let us focus on the how. just tell us - what's your why? dolly varden silver is advancing their high-grade undeveloped so let us focus on the how. asset in bc's prolific golden triangle. the property includes two past producing mines, and over 135 million ounces of silver equivalent. dolly varden. >>> welcome back to "power lunch," everybody. the world richest man and chief twit elon musk, m

direct flights from hong kong and macao will be allowed to fly on certain conditions.overnment relaxed its tough anti-virus measures on december 7th. beijing recently announced it would drop quarantine requirements for arriving travelers from january 8th. it said it will reinstate outbound travel by chinese nationals in stages. meanwhile, the south korean government is tightening border controls for arrivals from china starting next week. it also plans to restrict the issue of short-term visas until the end of january. >>> north korea state media are praising kim jong-un's leadership. friday marks 11 years since he became top military commander, following the death of his father, kim jong-il. friday's edition of the "rodong sinmun" newspaper features an extensive article lauding kim for completing the country's nuclear force. the edition includes a photo of a hwasong 17, the country's latest model of intercontinental ballistic missile. the paper praises kim for rapidly advancing the nuclear and missile programs. it also says newly developed powerful weapons have ensure

you have wynn macao up 9%. we see a lot of action over the names of any sense of reopening on the horizon. >>> and here is the picture for equities in europe this morning, it is a little bit of a muted start to the trading session. w we have a little bit of red on the board for dax and cac 40 overall, fairly muted after the hot report from the u.s. on friday >>> here is the picture for the china sensitive majors in europe it seems as though perhaps the basic resources names reacting to the strong session in china and the news over the weekend of more reopening measures under way. another china sensitive part on the market here. we have red on the board no major moves clearly under performance to the basic resources. >>> let's look at how u.s. markets fared after the non-farm payroll report hourly earnings came in hot. we rebounded off the lows of the day. the picture was still negative leaning toward negative by the end of the session s&p and nasdaq in the red both .20% weaker as for today, this is how u.s. fut

your thesis relies on china reopen ppg we're seeing reports of people going from mainland china to macao and hong kong to get mrna vaccine so how much is your thesis based on those vaccines and second, u.s. chip restrictions, will that impact these stocks in a meaningful way >> the covid mrna vaccination question, it is a catalyst, but overall is the general reopening and normalization of physical restrictions and business travel restrictions that have heavily, heavily clamped down on business activity and you can see that in say the earnings report of many of the chinese companies like alibaba for example. which had the first down year i think since the ipo. so it is not exactly the mrna vaccine but the overaw aall softening of the covid restrictions that i think will be a catalyst. but that is not a reason to buy the stock. that is one of the factors the second thing you pointed out was about chip restrictions. it has affected companies like alibaba. and they recently could not get their hands on some chips. and now alibaba is probably the third biggest cloud company in the world or fo

the top ten included macao, hong kong, japan, singapore, malaysia, australia, the u.k. the outbreak remains serious. you have countries like japan, like india now announcing earlier today in the last few hours that new arrivals from china must provide proof of a negative covid-19 test according to japanese officials, they say this is a policy that will be effective from december 30th. in italy the officials in the lombardi region are now saying new arrivals from china must provide proof of a pcr test effective immediately. back to you, bianca. >> kristie lu stout, back to you. thank you. >>> hospital admissions for the flu in the u.s. have dropped for a second straight week. the cdc says almost all states are seeing high levels of respiratory viruses and it may get worse as people gather for the holidays. cnn's elizabeth cohen has more. >> reporter: bianca, while hospitalizations for flu are going down slightly, flu is still rampant in most of the united states. let's take a look at this map. any state in red or orange or purple, they have high or very high levels of fl

is following suit mandating anyone coming from china, hong kong or macao to test negative before they board for the united states. cnn's arlitt saenz explains. >> reporter: the u.s. will require negative tests traveling from china to the u.s. as they're concerned about the rising cases of covid-19. the new travel rules are set to go into effect on january 5th. it would require travelers getting negative covid-19 tests no more than two days before their departure. this must be a pcr test or an antigen test. this doesn't just apply to those traveling directly from china to the u.s. it would include those travelers who are possibly going through a third country. so it would apply in airports like seoul, vancouver and toronto as well. the health officials say they set this january 5th time line in order to give the airlines more time to set their operations in place so they could be prepared. this is since the elimination of the zero covid policy in china. very strict policy in place since the start of the pandemic. additionally health officials say they are concerned about the lack of tr

the top center much destinations searched macao, thailand, united states, malaysia, australia, and thekingdom, japan, south korea. medical workers struggling to cope. as china reopens to the world, already you have countries like japan and india announcing today they will require travelers from china to have prove have requested a pc tr toast from aisle arrivals. >>> coming up on cnn this morning, he admits he embellished his resume but says it's not fraud. george santos speaks out. >>> restaurants may not be the same since the pandemic. how they may have changed possibly forever, next. possibly forever, next. it's official, america. xfinity mobile is the fastest mobile service. and gives you unmatched savings with the best price for two lines of unlimited. only $30 a line per month. the fastest mobile service and major savings? can't argue with the facts. no wonder xfinity mobile is one of the fastest growing mobile services, now with over 5 million customers and counting. save hundreds a year over t-mobile, at&t and verizon. talk to our switch squad at your local xfinity store today.

passengers ages 2 and over must test negative no more than two days from departure china, hong kong and macaoies to all nationalities and vaccination status. applies to travelers in u.s. only for connecting flights. we're bringing this back the way back machine can be inconvenient. a tweet back on february 1st of 2020 biden tweeting we are in the midst of a crisis with the coronavirus. we need to lead the way with science, not donald trump's record of hysteria, xenophobia and fear-mongering. he is the worst possible person to lead our country through a global health emergency. now, there is little doubt that when then president trump did try and stop the flights from china, that kept this spread from being worse. >> lisa: there is all this criticism toward president trump and the way he handled covid. democrats did not take it seriously as evidenced by that tweet from joe biden. also, i think this is silly. we have to accept the fact that covid, like the flu like colds is part of our life now. so this testing, this focus on this endemic it's going to be with us. almost as silly and china's ze

jd.com, alibaba, alibaba up 4% the news is also lifting macao casino stocks. las vegas sands and wynn are benefitting this afternoon, and with the s&p on pace for its seventh worst year ever, what are the odds 2023 is that bad? bob pisani is at the new york stock exchange >> the short answer is the odds are not very good it will happen again, but it could. there's a lot of people worried with a down year in 2022 and still heading down, 2023 could be another down year it's possible but statistically very unlikely. this is where it's important to know about market history. there's been actually only four periods, four series of events where the s&p has been down back to back years. down once four years in a row in the depression, '23 to '32, and then from '31 to '41, and then down two years in a row during the big oil crisis in 1973 to 1974 so really only four times has it ever been down back-to-back more than two or mere years in a row. the last consecutive down years, as you saw there, 2000 to 2002 another important question is, down 20% years, this is very un

a lot of the casinos, jim, benefitting today from this macao optimism >> my travel trust, follow by joiningnbc investing club -- suddenly, it's not a disaster and i'm anti-disaster and pro nondisaster. i think that wynn also has -- til tilman fertitta, maybe something is going on there. wynn is not run by that mob i used to love so much this guy, craig billingsley, he's good, but i loved -- they sold some of the land to boston. i think there's a lot of good stuff here but at the same time, what a run. so, be careful >> shares of apple are up, guys, bucking the overall trend on the market at this point >> when are they going to preannounce? that's the way every single one of these pieces reads. give me a break. >> and they would preannounce because, what, they're not going to be able to meet iphone demand as a result of the problems? >> there's so much demand. look, if you want -- verizon, att, t-mobile, i mean, these are people, when you buy -- you get your phone through them. i'm thinking of switching. i'll switch to t-mobile. i make some john legere happy and get a new phone. >> john lege

states would require a negative covid test for travelers arriving from main land china, hong kong and macaojanuary 5th. officials said they are deeply concerned about china's lack of transparency about its outbreak there and about its failure to track and sequence in a company wide email musk told staffers not to be too bothered by what he called stock market craziness that comment comes as tesla stock is about to have the worst month, worst quarter and worst year on record. >>> let's get back to the trading day ahead. mike santoli joins us now. seems like a quiet day, mike it seemed like that yesterday and look what happened during the day. >> no, exactly definitely some opportunity for air pockets. it's a twitchy market but still shy of risk. still defensive leadership we've been bumping around the s&p 500 level to 3800 for a couple of weeks. that's the down 20% level. a lot of folks saying if this faulters you want to look back to 100 points from here as the early november lows in the s&p 500. that would be the area to be rescued from the october lows. there's been enough towards safer a