marriott international ceo died february 15. coming up, j.p. morgan chase head of u.s.y strategy. looking forward to that conversation later this morning. i want to touch on the price action. your equity market all-time highs in the s&p 500. yields 31 26 this morning. 1.2568. a little bit of dollar weakness. euro-dollar negative. the theme has been yields going higher, financial conditions staying loose and that is something to keep an eye on in the weeks and months took on -- the weeks and months to come. lisa: it has been totally steady because of the extra yield that continues to shrink, the extra cushion of yield, at what point does that flip? jonathan: much more through the week. i am jonathan ferro. i'll be stepping away to pappy down to the opening bell on bloomberg television -- to count you down to the opening bell on bloomberg television. the story is a breakout in treasury yields. as tom pointed out, it's much bigger. it has been a monster move higher since october. 20% plus gains on the s&p 500 and the last three and a half months. unreal. on bloomberg radio

. >> sure. >> guys, throw up marriott again. you are very forthright and saying i missed it bad on me. the stock has had a nice little run over the last few months and there's the intraday and show me the three-month because it's 26% or 27% there it is. for somebody playing wherever they're playing today joe who is looking at this stock, is it too late for them to get in even though maybe you missed it and it doesn't sound like you're putting new money in this name should they? >> yeah. i'm looking to my right and i'm looking to the stock so i can give the viewers my full opinion on this. this is a stock that back in december of 2019 was trading at 53 okay, if we had the ability where there was a return to normalcy and we will have engagement for travel for both the consumer and the enterprise community which i suspect we will, this is a stock that will reach that 153 now what has also changed from testimony december 2019 is their balance sheet has actually gotten even better because they were smart enough, management went out i

. >> and the travel sector looks for a post-covid recovery, the marriott will join us later in the hour >> so much to unpack about yesterday, not to mention portnoy and tenev but cathie wood, ark i saw on twitter what stock will she save today >> it is a little bit of a pull, a little bit of a parler game. she's buying every stock that should be crushed by the interest rate move these are classic long dated assets that she's buying and that's what you're supposed be selling but the idea on ganging up on cathie wood, when you gang up on cathie wood, you're not ganging up on melvin capital, i just want you to know that. >> important point here. and you're right there's no leverage. no leverage. etf is not leverage. so now, she did have a lot of outflows though, yesterday, jim. >> what can i say. >> by the way, a number so big, it is probably larger than her entire fund was only a handful of years ago. >> but david, she stopped tesla right in its track on the decline. >> yes >> so i mean today, it's cathie wood it's david portnoy it's vlad. it's pretty much everybody who matters. >> kind o

bill marriott at 88 looks forward to new leadership.onathan: it will be a veteran of the company, who joined back in 1995. before this role, he was the group development -- he was head of the group of development design. tom: this is basically a hotel lifer, and it is the marriott way to train a man and build him out as he takes over from mr. sorensen in a difficult and challenging time. let's move onto the markets. what do you find interesting here as we start the morning? jonathan: the commodity rally has been the big story over the last few months. it is crude, too. we had a little bit of capitulation from bank of america, who are now looking at this to top out at $70. we talked about with jeff currie , starting to see that into the $70 range. chair powell two hours away, are you comfortable with what you see? tom: i noticed $62 on crude when i came in this morning, but commodities ebb and flow. that excitement is old and now come over i would suggest we underplay commodities in the media with their important impact on the global eco

so it is crucial for marriott to see the demand recover.cognizes the interest in vacation rentals with 25,000 property, but he does not anticipate it being close to the scale of air bnb which has 5,000 active listings, and air bnb is up 5% ahead of the earnings report tomorrow. >>> and we will look at how main street is faring tonight with a special report with carl quintanilla on a special "the path forward" airing tonight. so you don't want to miss that. >>> and reporting a record quarter despite a supply crunch. d n'ill talk to the ceo next andot forget that youcan watch us on the ceo app next. "the exchange" will be right back. we needed to make sure that, if they couldn't get to the food, the food would come to them. we can deliver for food banks and schools. amazon knows how to do that. i helped deliver 12 million meals to families in need. that's the power of having a company like amazon behind me. i have an idea for a trade. oh yeah, you going to place it? not until i'm sure. why don't you call td ameritrade for a strategy gut check

mar marriott, marriott international. indulge me for a second. last week, one of the smartest, savviest most giving ceos or people i met passed away this guy is a mazing great business person. losing him is a real blow for the country. he was a big think guy, and did so much that was good and yet, the stock didn't skip a beat because if we're headed for a boom, marriott has a lot more upside because arnie was careful to preserve a strong management team and strong culture by marriott third, you need an incredibly well run casino because china is coming back fast and vegas that's wynn reports. the brilliant executive who i think is perfectly poised to handle new traffic he is smart. i've always been championing pin national gaming for the last 100 points and i would buy more weakness, bar stool connection turned this company into an exciting sports book play and that will be all over the country. fourth, one day, not yet, fourth, i want you to pick an airline, any airline i'm going to go with southwest because the ceo gary kelly is using to moment

the marriott surname. bigger company now >> he did a remarkable job it's something to read this headline and see it cross. you know, i think when we first saw that he had pancreatic cancer back in may of 2019 and then, you know, we've seen him since then and he was fighting the good fight he did some remarkable things at marriott as you said, transforming that company with the acquisition of starwood a decent, genuine and generous person it's a sad day we honor him. >> he became a friend. >> our condolences to his family. >> yeah, we do he became a friend i saw him out at fast results, which was a ritz carlton property had dinner with him recently when they opened up the -- one of the new marriott upscale brands in times square which one is that, andrew? it just opened a year and a half ago, two years, with schrager. >> yeah. >> i forget. it's in time square. i sat with him for dinner. and mrs. sorenson. we send our condolences to mrs. sorenson as well very, very sad what can you say we will be right back.

. >> tim, airbnb or marriott >> think marriott.e valuation of airbnb was turbocharged out of the gates, and up think there's still a lot of room to proof of concept here not that their business works, but they can make money and not burn through a lot of cash i look at the hotel opening trade and i think if you look at the marriott story or hilton vacations, these are stories where actually you are seeing free cash flow generation. you've seen recovery a lot faster i think the pent-up demand means they overshoot on the way back >> thanks for that we'll see you friday, friday being the full show of options action, 5:30 p.m. eastern time should we call her farmer jane >> well, not quite yet, melissa. the pandemic has been good to farm equipment makers as many nys icans have left the city a ma have gone into the woods to grow stuff most of it legal when "fast" returns. not a weekend trip. fifteen minutes until we board. oh yeah, we gotta take off. you downloaded the td ameritrade mobile app so you can quickly check the markets? yeah,

had offered his resignation resigned over this whole issue because he believed that arresting mr marriottwouldn't serve you which is interests of the country is deeply polarized the political forces here we've got we had the election in october that all opposition parties claim were falsified and they have been refusing to enter parliament so parliament being courted at a primitive. resigning over this whole affair now is much more hardline government led by a new prime minister who has promised to restore law and order because he says mr marriott broke the law and now must pay the consequences face the consequences but we are also now expecting large protests opposition protests against this move later on today nic yeah tell us more about that because he's got a fair bit of supporters and he wants the response likely to be from opposition supporters. it's difficult to say how many georgians. are behind the opposition now because as i said the country is fairly divided but it does seem as if this move is looked upon very unfavorably by the international community western governments have

the chief executive of marriott arne sorenson has died at the age of 62, whilst undergoing treatment in 2012, was the first person not in the marriot family to lead the hotel chain. he is credited with leading the $13 billion acquistion of starwood hotels five years ago, taking marriott to become the world's biggest hotel chain. now, how is this for a windfall — the recipients of roughly $500 million that us banking giant citigroup wired erroneously will get to keep the money. judgejesse furman said citi was not entitled to recoup its funds, even though they were "indisputably transferred by mista ke". citi said it would appeal the decision. joining me now is marc 0stwald, chief economist and global strategist at adm isi. it reads like a scrabble board! but the money is not theirs to keep necessarily because it is under a freezing order and they cannot spend it?— cannot spend it? they certainly cannot. cannot spend it? they certainly cannot- a _ cannot spend it? they certainly cannot. a couple _ cannot spend it? they certainly cannot. a couple of— cannot spend it? they certainly cann

tony spoke to bloomberg about marriott's outlook. >> at the break of the pandemic, on a global basis, 90%. we were running 12% occupancy on a global basis. as we mentioned last week in our fourth quarter earnings call we finished the fourth quarter in the mid-30s in terms of global occupancy. that recovery is being led principally by the leisure segment but we're seeing some encouraging green shoots in business transients. i think many of us look with optimism with the way we've seen the recovery unfold in china. in china, where the vaccine has been effectively contained we're at nearly pre-pandemic occupancy levels. as you know, we have nearly 400 hotels in that market. and so i think that gives us a road map around the way our recovery may occur in other parts of the world but we're cautious. as we've seen in certain markets, when we see a in infection rates it has a pretty chilling impact on demand. so we're cautiously optimistic that we'll continue to see strong leisure transient demand and continued, albeit a little slower than we would like, growth in business transient. >> talk

marriott announcing after a battle with cancer the ceo arnie sorenson has died. >> he was a giant inl industry and the first person not named marriott to lead the company, becoming ceo in 2012, leading marriott's international expansion from china to india and the eventually acquisition of starwood for over $13 billion which made marriott the world's largest hotel operator and a formidable competitor. sorenson never minutesed words outspoken on a number of topics. the trade wars most he recently the insurrection at the capitol. tony amy coney barrett capuano and stephanie listen arts will lead day to day operations at marriott as they try to work through the lead up back to normal travel in 2021. i never talked to more employees who said they worked at a company because of the ceo than sorenson. >> his warmth and his smile stand out. sure, he was a great ceo he was just an all around new guy. he will be missed. pancreatic cancer a terrible disease. thank you. >>> time now for a cnbc news update with. >> here's what's happening at this hour. federal regulators are launching an investi

they're still in the mix the opening stocks are also doing well the traveled stocks are doing well marriotts at a new high. that's dos well. the one thing i would point out. the reason they're down is they're getting very worried about the enormous comps that these companies will be facing in the first, second and third quarters, but it's a very brought radially, and tyler, one day we're going to see technology is going to be a leadership again not today, but it's getting there. >> robert, thank you very much also taking -- things lie bogey and chevron, as value outperforms growth in tech, what does it mean for the market? and kathy entwistle. charles, do you think this is a trend that has legs and will continue >> absolutely. it beat the s&p 500 by more than 15%. this year, the 2000 values beating the s&p again by about 15%. and the reason it's doing it is because large-cap tech was so overpriced whether interest rates go up, value by definition is making money in the next couple years >> so that's really an interesting point, charlie it's the idea of why are tech stocks so prone to have tr

the ceo of marriott international has died. arne sorensen took over almost nine years ago and oversaw marriott's $14 billion takeover of starwood in 2014. in 2019, he announced he had pancreatic cancer. he was 62 years old. global news 24 hours a day, on-air, and on bloomberg quicktake, powered by more than 2700 journalists and analysts in over 120 countries. i'm mark crumpton. this is bloomberg. >> it is 1:00 p.m. in new york, 7:00 in berlin 2:00 a.m. in hong , kong. welcome to bloomberg markets. here are the top stories we are following on the bloomberg and from around the world. bitcoin surges past $50,000 for the first time as the blistering rally continues to captivate investors worldwide. long-term bitcoin holder david tice predicts a crash for some assets. we will talk to him next. the energy crisis crippling power grids across the u.s. is showing no signs of abating as blackouts leave 5 million u.s. customers without electricity during an unprecedented cold-weather wave, and another 5 million homes in mexico lost power.

for the 1st time really free to speak without fear now it's also important to point out why that marriott has been kept largely secret in the 1st place i have seen some pictures and witness testimonies off the mariage that was they were married on the islamic law she's now fighting to get that certificate accepted here in the united states but what she told me is that they felt he was under threat already at the time and that going public would put her in danger too and that's at least her account now why she is largely unknown to the public until now. well let's take a look now at some of the other stories making news this hour. u.s. regulators have cleared a covert 19 vaccine developed by the drug maker johnson and johnson it's the 3rd inoculation inoculation to be given the go ahead in america i'm the only one that requires just a single shot the company expects to supply 20000000 doses by next month. and i jury an official says 42 people who were abducted a fortnight ago have been freed the victims were kidnapped by gunmen in northern nigeria they were released a day after more than 3

. >> reporter: steve clyne is with the hollywood marriott what's the difference last year to this yearanywhere down 30 to 50% occupancy. >> right now there's a lot of travel shaming >> reporter: she's skipping her sarasota condo whether to travel has divided the snow bird community. >> canadians are a little bit more adherent or willing to take their governor at their word. >> i don't know if i'm supposed to say, but the government is not treating us like your government here. >> reporter: the canadians who traveled, their government will make them pay in special hotel >> you stay three days in a hotel, they test you you can go out and smoke a cigarette once in a while. it's almost jail. >> snow birds are screaming and squawking about this saying that wasn't the case when we left as i said, there's not a lot of sympathy for travelers. >> reporter: they are going to have to go back eventually if you stay here too long, contessa, you risk losing that canadian health insurance. back to you. >> you're talking about travel shaming and rubbing the salt in the wound. when you tweeted out a pi

marriott, carnival, royal caribbean all stocks i watch closely, all sitting on gains of double digitsse left side restart. >> yeah. the market is hanging in there there is a little bit of squishiness today, i would say if people haven't, i recommend you go on our website and read seema's piece about marriott and the passing of arnie sorenson who both seema and i agree was one of the really creme de la creme of american executives over the past 20 years and a hell of a nice guy as well, right seema? >> certainly was thank you for saying that. my op ed on cnbc.com one other thing i wanted to mention. >> why. >> bitcoin, fresh record high. did you know it only took five days for bitcoin's market cap to go from $900 billion to $1 trillion now today above $52,000. and a market cap of $1 trillion. typically think of an schedule microsoft with those types of big numbers. now this one cryptocurrency right up there >> all right have a great weekend seema, stay out of the snow, or go in the snow if you like it. everybody, thanks for watching "power lunch." "closing bell" right now >> tyler, see

marriott's earnings beat comes in after expected rival hilton and hyatt.of vaccines would be a big positive for marriott, which is still being affected it's the largest hotel company in the world 1.4 million rooms and since the hotels are full service, they have a lot of business travel so it's been affected as far as who takes over for arne, who was a great friend of the show and, you know, that bad news that we got on monday, we should know within two weeks and analysts are talking about some of the people that arne put in charge a couple of months ago when he stepped back a little bit from some of his duties. we're talking about stephanie linardt and a gentleman that i actually know, tony copuano, group president for global development design and operation services a lot -- marriott's had some tough news this week it was tough for us, beck. i know you weren't in when we got that news, and i mean we knew arne so well. >> no, i was watching. >> thought he was doing well he was very thin it was unexpected because he was doing pretty well. when you are gett

marriott will announce its new ceo, the passing of it ceo arnie sorenson this week.p's tribute to the legendary commentator coming up. nasa is about to make history on the red planet. we will tell you what to expect, when rover land on mars later today but first california governor gavin newsom is closer than ever to being recalled. john cox thinks he is the right guy to take over. he joins me next. ♪♪ at t-mobile, we have a plan built just for customers 55 and up. saving 50% vs. other carriers with 2 unlimited lines for less than $30 each. call 1-800-t-mobile or go to t-mobile.com/55. good morning! this is where everything started. the four way is engulfed in history. you're sitting in the place where giants ate. the four way is the heart and soul of the community. ♪ dave: the covid vaccine rollout is facing hurdles from winter storm delay's to less doses in stock. edward lawrence has the story. >> reporter: now it has hit the east coast, in new york city, did not get their shipment or didn't deliver their shipment, supposed to deliver today for sunday. if you know

marriott not the only hotel driving higher, vegas resort stocks rallying right now.t 5-- mgm on hopes of a return to travel in a postcovid world. >>> as sec stocks continue to -- tech stocks continue to be the laggard, some hedge funds are worried about bigger problems these top companies may face from the biden regime. yes, twitter, facebook and alphabet are coming back right now, but, charlie gasparino, what could tricep them up in the future -- trip them up in the future? >> there's never one reason for selloffs, but i can tell you that there's underlying anxiety about the tech stocks based on what we're hearing. and we're getting this from tech lobbyists, people who deal with congress, will deal with the white house and the phone calls they're getting from major tech funds -- hedge funds. we're speaking with the lobbyists who are getting these calls from the hedge funds who are saying essentially this: they're worried about the biden administration and the democratic-controlled congress passing pretty sweeping legislation. they're worried about section 230, incre

. >> yeah, people should look at marriott versus this understand why this has twice the value of marriott. because it should. here's something i thought was incredible a february 8th, 2021 note to the securities and exchange commission you believe in democracy of capitalism you want to give people who work with you, hosts, made possible by hosts, stock. tell us about this this is a dream come true for me >> yeah. one of the things, jim, that we did is we always felt like our hosts helped us build airbnb and we wanted to own a piece of ai airbnb so we did a couple of things the first thing was we created the airbnb host endowment. we took 9.2 million shares of airbnb stock and we put it into an endowment it's going to work like a college endowment where it's going to grow every year but then we're going to take some of the upside from the principal and distribute it back to the host community we created a 17-member host advisory board from 14 different countries around the world to help us advise on what to do with this endowment. we also created a directed share program where we had thous

cooling down, but we'll get retail and we'll get walmart and big travel names including hilton, marriott and trip adviser, so have a good weekend, good long weekend we'll see you tuesday and for now let's get back to headquarters and melissa and the half. >> welcome to the halftime report i'm melissa lee in for scott wapner stocks are on pace for another week of gains and record inflows into technology. what is sig nooling about where this market goes from here we'll discuss and debate the next steps for your money with the investment committee johning us for the hour, jim lebenthal, pete najarian and jenny harrington from gilman hill asset management and let's get a check on the markets here in a little bit of a pause after we closed at record highs and s&p up 0.2%. same for the nasdaq. the dow looking almost unchanged and the real action if you can call it action on the russell which is the outperformer for the week so what do we make of the week, pete it may seem like a quiet day today, but the context, as always is the most important thing. we have gone through the bulk of earnings s

for the 1st time really free to speak without fear now it's also important to point out why that marriott has been kept largely secret in the 1st place i have seen some pictures and witness testimonies off the mariage that was they were married on the islamic 4 law she's now fighting to get that certificate accepted here in the united states but what she told me is that they felt he was under threat already at the time and that going public would put her in danger too and that's at least her account now why she is largely unknown to the public until now. well cycle of some of the other stories making news this hour. a nigerian officials says 42 people who were abducted a fortnight ago have been freed the victims were kidnapped by gunmen in northern nigeria they were released a day after more than 300 girls were abducted at gunpoint from a 14 school in a lawless region of the north. state television says myanmar's i'm busser to the united nations has been fired in an emotional appeal to the international community to all moton denounce the army coup which the posed to civilian government s

been kept largely secret in the 1st place i have seen some pictures and witness testimonies off the marriotts that was they were married on the islamic law she's now fighting to get that certificate accepted here in the united states but what she told me is that they felt he was under threat already at the time and that going public would put her in danger too and that's at least her account now why she is largely unknown to the public until now all right she talks a lot about jamal khashoggi message in the interview and message she clearly wants to see deliberate what is that message. well don says jamal khashoggi was a fighter for the freedom of press for the freedom of speech that he also for for the release of political prisoners in saudi arabia those who were arrested and persecuted just because of their political views she says jamal khashoggi wanted a better future for the kingdom but that he was never really a threat for the kingdom and according to the cia report the saudi crown prince will have been solemn on felt challenged by jamal khashoggi and therefore okayed the murder. on him

cole in yemen who the rebels to hold their advance on the city of marriott the government's last northern stronghold washington special envoy for yemen says so-called back channels are being used very aggressively to get the who thieves to return to international negotiations mike hanna has more from washington one of the 1st actions abided and ministration did was insist it would no longer assist the saudi led coalition in attacks in yemen that was one of the 1st steps now you have these other subsequent steps following but above all the biden ministration wants to really sit that ongoing conflict in yemen within the terms of a u.n. negotiation process and this is what it is beginning to do but at the same time it wants to achieve a form of balance and not seeking to weigh in on the side of any party involved it's a very very careful balancing act the biden administration says its recalibrating its relationship with saudi arabia it marks another break with the policies of former president donald trump joe biden will speak to king salmon directly rather the crown prince and biden's in the

government led by a new prime minister who has promised to restore law and order because he says mr marriott broke the law and now must pay the consequences. the u.s. death toll from kevin 1000 has passed half a 1000000. bells tolled $500.00 times at the national cathedral in washington in memory of the victims while the u.s. death toll is the world's highest in absolute terms several other countries have lost more people as a proportion of their populations christian salumi reports now from washington d.c. . president joe biden marked the somber milestone from the white house acknowledges the half 1000000 lost to cove it 19 not as a number but as individuals the people we lost were extraordinary they span generations born in america emigrated to america but just like that so many of them took their final breath alone in america. as a nation can accept such a cool for a while before i knew this pandemic for so long we have to resist becoming numb to the sorrow after addressing the nation the president headed outside for a moment of silence 500 candles lit 450-0000 dead and we're still not ou

haidi: that was marriott ceo tony cap wanda. -- tony capuanda.he coronavirus, johns hopkins speaking with bloomberg about the declining rate in the u.s.. >> the numbers are taking a turn. there was concern we would stay high. part of the good news is i think because we were so high to begin with. so it is a great trend, and we want it to continue, but we don't want people to get complacent and looking towards going back to normal, because the numbers were so high to begin with and things were so bad here. it is like, keep up the good work sort of message while we continue to do hard work and move forward those numbers. >> you were an expert on the path from emergency room to hospital. what does it look like now? lauren: the emergency room as the gateway to the hospital, so we have to keep those patients moving through. and it is looking a lot better. we are seeing people discharged from the emergency department to home or mid level care spaces which is better, because those high-acuity hospital beds like the icu can take the sickest patients. hos

his grandfather's found a miniature version of the basilica in marriott's head an austrian pilgrimage site he painted a pedestal with shoe polish and glued on the church setting it in a glass globe in 1900 he applied for a patent on the world's 1st snow globe the flex platter down gently thanks to the viennese formula. yes meant for my father was the 1st to produce the mixture of snow that we used to the tree and that's my secret so far i'm the only one who knows exactly how it's done. directly next to the workshop is the family's own snow globe museum the any snow globe is a top export 3 former u.s. presidents have one on a shelf. like this snow globe for the obama family i think you gift given by a resident of vienna on a visit to the white house the company presently stocks more than 315. consider you to affect world and that's been my world for a full to music you. seem cozy world where it only sounds. awesome showbiz news now in a big loss for fans of the screen and stage oscar winning actor christopher plummer has died at the age of 91. the canadian born plumber was best known f

so there will be an estimate boost, and that's the single biggest reason why a stock goes higher marriott will sell more product at higher prices southwest can double the number of passengers flying from houston to chicago, so every additional dollar goes to the bottom line. so the companies that have that are golden, the ones without it, wall street doesn't like them right now. let's go a step further. we value stocks based on their future earning streams if that cash is worth less in the future due to inflation, then the stocks are worth less right now. especially the gross stocks that are all about doing big numbers many years down the road that's strike two. who gets hit the hardest the ones with no earnings, only sales. they're fine when the economy is sta stagnant, but that's no longer the case t the stock got way ahead of itself, and that means future revenue streams are somewhat less enticing and they just gave everyone a big haircut the full beatdown this morning didn't last, because they threw water on the inflation trade and many of the great growth stocks had fallen double dig

maria: breaking news marriott interim appointed a new ceo president following uncoupled death of arnies to arnie sorenson's family he was a great man. >> clarence thomas crying 11 page dissent from court decision not to take up dispute whether absentee ballots serviced after election day in pennsylvania should have been counted in election clarence thomas ajdz outcome not changeded by how many votes were cast in 2020 but questioning the reliability of mail-in voting for future elections, joining me right now house minority whip congressman steve scalise congressman great to see you this morning. thanks for joining us a lot to get to on stimulus package but first give us your reaction, to what you heard, from supreme court justice clarence thomas. >> well maria, good morning good to be with you again, and you know what i think what justice thomas points out something millions of americans are still frustsdz with a state like pence did not follow laws passed by their legislature, so if election day is going to be decided by, a secretary of stator dhurt might give you a favorable decision

cooling down, but we'll get retail and we'll get walmart and big travel names including hilton, marriott good long weekend we'll see you tuesday and for now let's get back to headquarters and melissa and the half. >> welcome to the halftime report i'm melissa lee in for scott wapner stocks are on pace for another week of gains and record inflows into technology. what is sig nooling about where this market goes from here we'll discuss and debate the next steps for your money with the investment committee johning us for the hour, jim lebenthal, pete najarian and jenny harrington from gilman hill asset management and let's get a check on the markets here in a little bit of a pause after we closed at record high

investors are having a tough time to find the gains, but one place could be reopening stocks like marriott wynn and including a 18% surge for carnival cruise lines. but meanwhile, dozing on the couch are netflix and peloton and zoetis and microsoft. so, let's bring in our guests. how much of this, catherine, is bringing in major gainers as other indices are hitting new highs? >> thank you, jon, for having me on the show. the market is strong, and the earning season delivered some great surprises. i think that, we are definitely going to get on board with the reopening philosophy, and get beg hind the cyclical names, and getting behind the story of reopening and repositioning our portfolios to reflect what is going to come in that post-vaccine and post covid era which is really exciting, but having said that, i think that the consumers have developed some powerful habits over the course of the last nine months in stay-at-home names should not be discounted, because there is a place for them in the portfolio. we certainly are paying attention, and owning them. >> yeah, it is not as if we are

it happened in richmond police responded to the marriott hotel on garrity way after a couple rushed out of the hotel telling an employee that their infant wasn't breathing. child died at the hospital police say the baby showed obvious signs of abuse. the mother and father have been arrested they had 2 other children and they've been taken out a protective custody. >>time now is 5.19 and the east bay, the city of oakland is changing course and reallocating resources. so that more officers can tried to get out on the streets and put an end to all the attacks and robberies that have been happening in chinatown earlier in the week. the city was saying that they couldn't afford the extra patrols kron four's dan thorn has more. >>oakland city leaders have denounced this recent uptick in violence with local business owners say more action needs to be taken. the lunar new year a time to celebrate chinese culture is just about a week away and this cloud of crime is hovering over chinatown. an elderly man being shot to the ground is just the latest attack caught on video in oakland's chinatown th

o.a.t., to get out and travel, and marriott is doing great, but the worst is the vaccine maker moderna, and peloton is up there on the list, and zoom, and paypal, and the stay at home and work from home, and the pandemic-type stocks are the ones being sold. for more on this, bringing in michael kagino, and a.j. odon the head of the risk of bny mellon solutions. and michael, are you one of the investors who have been dumping the stay at home, and work from home stocks and buying into the get out and travel or value names? >> good to see you, brian. no. we have had exposure to a little bit of both, and so, no, we have not been making the major portfolio changes, but i agree with the trade in the long term, the post covid, and the recovery and the inflation, and the going forward is where the longer term opportunity s but you don't want the give up on the higher growth, and the high-tech names, because there is revenue growth, and cash growth, and earnings growth, and the stocks have a place in the growing economy as well, and it is not an either/or question for me. >> and a.j., there is

would you layer granddaughter marriott percent of another race? or would you let whenever granddaughters go to a racially mixed school? or why are we talking about the south when the schools in new york city are full of puerto ricans? so there is definitely that bias that eleanor is speaking into. if you ask me, is she making it a conference to her cause? i would say, not necessarily. because at the time those things were not really done. you know, you didn't extend yourself. and even that -- even now, i think it's hard for some people to move out of their comfort zone. she certainly always talking about it, and she's talking about it for the entire time that he's in the white house. but, i can't say that she had great success with that. >> a couple questions about the media. why did she go from the journal to my calls and what kind of magazine was michaels? what kind of demographic did it appeal to? who is reading it? third question, was there any competition to have her as a columnist or did she have to fight to get with nichols or were there ot

the christmas holidays spanish intensive care units are being pushed to the limit yet again at the marriott martine's ospital in madrid the situation is tense. but activity every bit scared to say that we haven't doubled our basic resources but that regularly everything is occupied at the most with covert 19 patients and some other critical patients we work to the maximum every day and that's tiring you know it is the fans have infection numbers in spain seem to be stabilizing but there are huge worries that new virus variants more rebirths any progress. in madrid stricter measures like only a car fuse and contact restrictions are in place shops and restaurants remain open though in other parts of the country they're shut over all the trend and spain goes towards tougher anti covert measures the country is desperate to avoid implementing another shutdown. and with this new peak there is a glimmer of hope beauty tips seem a substance that could help treat 1000 patients and it is a change from marine organisms in the mediterranean. sea that whenever she was going through a field if it works l

trip adviser down nearly 10% royal caribbean, marriott, united airlines all sliding. talk to the chief investment officer at bleakley advisory group it is the 10-year doing it the question is which way is it going and what is the fed going to do? >> you're right. today it's not just about the 10-year the rise in rates now filtering into a rise in shorter term rates which the fed is supposed to control. the fed by having the overnight rate of zero and buying $80 billion of treasury with the average maturity about five years we're seeing a spike in the five-year yield. at a large, in a large way the treasury sold five-year paper yesterday at 62 basis points that yield one day later is at 80 basis points. so the fed, because of the uber dovishness the market is now calling that out the market is now saying the inflation pressures we're seeing, the vaccines we're seeing that are being highly effective, that your dovishness is just not going to work here and we're going to shift the interest rate curve with or without you. >> okay. if that is the case what your a he effect

earnings including norwegian air, hyatt and marriott have some insight into the recovery ahead. >>> investigators organization are looking into the origins of the coronavirus have discovered signs the outbreak was much wider in wuhan, china, than previously thought. now they're trying to access blood samples that china has kept under raps. nick pet top walsh has this exclusive report. >> reporter: the leader of the w.h.o. mission to china investigating the origins of the coronavirus has told cnn the virus was likely much wider spread in china in december 2019 than was thought. he revealed the 174 positive cases found that first december likely severe cases meant there could actually have been an estimated 1,000 plus total cases in and around the city of wuhan that month. >> the virus was in wuhan in december. it's a new finding. >> reporter: 174 would suggest 1,000 or so plus? >> yeah, probably. very likely, yeah, because that's a good amount that we have looked at. >> reporter: he also established that in that first december there were as many as 13 slight variations of the virus from samples of

we hear from the hotel operators, marriott, hilton, hyatt. weeks from now will be airbnb >> thank you karen, your thoughts >> so expedia enterprise value, stock plus debt, which they had to raise during the pandemic it's as high as its ever been. that's sort of troubling the lodging part is normally the best part of their business but vrbo is the vacation rental by owner. you can see the valuation of airbnb, well over $200 a share now. to have the whole thing trading higher than it was at the prior peak before this, i don't know i'm optimistic on the reopen trade, but i don't feel like i need to jump into expedia right here >> a market flash here on bausch health josh has details >> headlines dropping on mr. carl icahn he's reporting a 7.8% stake in bauch health company as february 1st. the belief the shares were under value. discussions with management and the board on ways to enhance chair holder values. discussions may include possible board representation and he expects to have discussions with other shareholders to understand their persp

his grandfather found a miniature version of the basilica in marriott's head an austrian pilgrimage site and he painted a pedestal with shoe polish and glued on the church setting it in a glass globe in 1900 he applied for a patent on the world's 1st snow globe the flags fluttered down gently thanks to the unease formula. yes meant my father was the 1st to produce the mixture of snow that we used to the tree and that's my secret so far i'm the only one who knows exactly how it's done. directly next to the workshop is the family's own snow globe museum the yearly snow globe is a top export 3 former u.s. presidents have one on a shelf. like this snow globe for the obama family i think you get given by a resident of vienna on a visit to the white house the company presently stocks more than 350 motifs. remember any of its attributes of a perfect world and that's been my world for over 40 years. and cozy world where it always sounds. i leave you with some snowshoe arctic caliber the work of retired school master came as a person who with the help of friends has been stomping around in the sn

marriott ceo arnie sorrenson lost a hard-fought battle with pancreatic cancer. non-family hebb to sit in the c suite of the hotel giant, he oversaw the merger is starwood hotels and sat on the boards of microsoft and the special olympics. the very vocal advocate for sustainability and gay rights was forced to cut back on his schedule earlier this month to pursue more aggressive treatmentses for his illness. the business community celebrating arnie's life today. gm ceo mary barra tweeting, quote: he was a wonderful leader who led with empathy, integrity and authenticity. i had the chance to interview arnie multiple times throughout my career, most recently at the world economic forum in davos, and i will miss him. arnie soren seven was 62 years old. we're coming right back. ? not until i'm sure. why don't you call td ameritrade for a strategy gut check? what's that? you run it by an expert, you talk about the risk and potential profit and loss. could've used that before i hired my interior decorator. voila! maybe a couple throw pillows would help. get a strategy

. >> joe i mentioned disney, all-time high today jim and steph were talking cat i have marriott at an all-time high i have goldman at an all-time high and axp, dow, martin murrieta, bookings, hilton you get the idea of the kind of stocks we're talking about >> it's economic optimism and a rotation that we have not seen since 2016, and it's a reflation rotation that is going to continue over the coming months. technically the market did exactly what it was suppose to do jim mentioned yesterday morning. i think patty's got a chart for us you have the 50, and 200-day moving average which is 3% lower. the 100-day moving average is 7% lower and the 12% average is 12% lower. technically, we did exactly what we're supposed to do in terms of momentum, scott, people think momentum disappeared? no momentum is now in commodities and treasurys. there is a significant short treasury trade that is now under way. this is 2016 all over again and it is reflation rotation i agree with everyone from the panel. you do not move away from technology, and the reason you do not move away from technology and

for the 1st time really free to speak without fear now it's also important to point out why that marriott has been kept largely secret in the 1st place i have seen some pictures and witness testimonies off the marriage that was they were married on the islamic 4 law she's now fighting to get that 3 certificate accepted here in the united states but what she told me is that they felt he was under threat already at the time and that going public would put her in danger too and that's at least her account now why she is largely unknown to the public until now all right she talks a lot about jamal khashoggi message in the interview and message she clearly wants to see deliver it what is that message. well don says jamal khashoggi was a fighter for the freedom of press for the freedom of speech that he also for for the release of political prisoners in saudi arabia those who were arrested and persecuted just because of their political views she says jamal khashoggi wanted a better future for the kingdom but that he was never really a threat for the kingdom and according to the cia report the s

half stars. [ laughter ] >> jimmy: keep in mind, the canadian jail is basically just a courtyard marriotttravel and leisure" added the jail to its annual list of top 50 detainment hot spots. that's - [ light laughter ] that's an honor. some entertainment news. it's just been confirmed that bachelorette clare crawley and dale moss have broken up after a five-month engagement. yep. it only lasted five months but in "bachelor" time, that's 30 years, so congrats on a a great run. [ applause ] they couldn't believe it they were like, "we did everything right we met on a tv show. we got engaged after three dates and made out with 20 other people along the way. whaaa? [ laughter ] and finally, this is exciting. i saw that all five seasons of "the muppet show" are coming to disney+ next month but it seems like they've updated some of the music to connect with a younger audience, i think. take a look at this. ♪ ♪ ♪ >> jimmy: we have a great show give it up for the roots, everybody. [ cheers and applause ♪ ♪ >> jimmy: what a show we have for you tonight. he is an analyst on tnt's "inside the nba. s

the christmas holidays spanish intensive care units are being pushed to the limit yet again at the marriott close martine's ospital in madrid the situation is tense. it's glad to say that we haven't doubled our basic resources but practically everything is occupied is that mostly with covert 19 patients and some of the critical patients that are nickleby we work to the maximum every day and that's tiring you know his the guns have infection numbers in spain seem to be stabilizing but there are huge worries that new virus variants will reverse any progress. in madrid stricter measures like only a car fuse and contact restrictions are in place shops and restaurants remain open though in other parts of the country they're shut over all the trend and spain goes towards tougher anti covert measures the country is desperate to avoid implementing another shutdown. and that this new peak there is a glimmer of hope she didn't seem the substance that could help treat 1000 patients and it is obtained from marine organisms in the mediterranean. sea of the whenever she was going through a field of it wo

1000000 displaced persons from all over yemen particularly from some region and all over the years marriott has managed because of the balance of power is there within the city has managed to keep itself a bit out of the conflict and has provided safe haven for many displaced but also importantly for many international humanitarian agencies most of the headquarters in the north are operating from within the matter and both would be threatened if the heart of the work to push any further into the city a car bomb has killed 7 members of a joint security forces patrol in iraq's anbar province albion popular mobilisation forces were searching an abandoned car between what they thought. were the device was triggered it. officials in major cities in the philippines of unveiled how they got a coronavirus vaccination program some communities however say that they're struggling to get the funds that are needed to carry out such a large logistical operation for 180000000 people. to look at how some rural communities are likely once the rollout begins. this is one of the most advanced and sophisticate

charles: i will say, you know what, if you told someone that live nation is at an all-time high or marriottl-time high, that sort of says that maybe a lot of folks are already in these trades and it could be a sell in the new scenario. here is the thing i want to share with you guys and get your opinion because a whole lot of new investors are possible poured into this market this past year and a lot of them for the most part only known success and now of course they are getting worried. i've got a very concerning letter this morning and i want to share part of it because i think it represents what a lot of investors feel. it says dear charles i'm e-mail ing because i'm very fearful at the moment of the quick financial fall in the stock market that's going through. i was doing what i thought was very well in the financial realm as far as seeing my investments grow. again, sorry for the rant, but this morning, going to continue. do i stay in the stock market, can i ride this out and come out at the very least okay? thank you for reading, listening , have a great day. you know, when i get the

the valuation for airbnb currently implies their revenue from 10 years will be three times hyatt, marriott and hilton combined. that's what the valuation -- liz: okay, so let me just jump in with phil. as david schweikert outlining this , what do you see as an opportunity, because again, i think the pandemic has altered our way of life. i look at things that will change forever, and i do see some things on there and then you can see how that may affect a business or investment decision. >> i think you're absolutely right, and i think that's what the we're seeing here. if you look at what we've seen in the nasdac when everybody was staying at home those stocks are the ones outperforming everything, right? and compete stocks were down but now we're getting the possibility of vaccination, we're seeing a little bit of a rotation but does that mean that we're going to go back to the way we were before? does that mean that the nasdac stocks are no good? absolutely not. in fact, if you look at this chart, on the nasdac today, you know, every time the chart has tested this hasn't broken, especiall