david: host marriott that was the real estate arm of marriott.d split the company into two parts. one was the brand that operates and manages the hotels, the other part owned the real estate. chris: i came in as the coo and i became the ceo. the ceo retired and i took over. david: you are running host marriott. you did a good job as i remember it. chris: i think so. david: how did you come to hilton? chris: i mentioned in my private equity days i had gotten to know the blackstone guys, gone to know them really well. john gray, steve schwarzman, and when i got to host, as a result of that relationship and their interest in the hotel space, we did a bunch of transactions with them. i got to know them really well, and as a result of that relationship, i guess when they decided, you know, in july, early june, late july 2007, that they were going to buy hilton, john gray called and said, i have got the perfect job for you. we know you. we like you. we trust you. we think you have trained your whole career to run a company like this. we think there is

you were recruited to go to marriott?, in between, i created an equity business, a tiny one, compared to the one you are part of. this was 1991, the early days of private equity, certainly real estate private equity. our view was that there was going to be a massive opportunity as a result of the displacement going on, so much inadvertent ownership of real estate, on the wrong people's balance sheets. we wanted to take advantage of that, so we did. for five years, my partner and i went out and had a fabulous private equity business. we did a lot of deals, probably it seems like small numbers today, but 500 million dollars worth of deals across hotels, offices, tax-exempt multifamily in our fund, and header a lot of great partners. one of them was blackstone. then got recruited, my partner and i, to go to marriott after doing that for five years. david: that was the real estate arm of marriott. they had split the company into parts. when was the brand that operates and manages the hotels, the other part owned the real esta

happened at the marriott, she warmed her son.ed within seconds thursday night outside the downtown marriott in oakland. you can say in this video, and hotel guest is ambushed. it's a video -- >> she is always worried about me. dion: he was visiting the bay area for work training and a few days of snow training -- snowboarding. he pulled into the marriott midday to check in. >> i grabbed our suitcases from the back of the truck, locked inside, got my room, got the key, took my bags upstairs. dion: he says when he went back outside the windows were smashed and everything inside was gone. >> that's when i realized i lost three computers and a lot of work stuff and personal stuff. dion: i reached out to ask about safety measures. the hotel general manager sent me this statement which reads in part, they are aware of the incident. dean and his girlfriend returned to his -- no matter how many people in the area -- >> there are five or six people. valet, an older woman checking in. there were a few people at the check-in desk. dion: law

take a look at the san mateo marriott testing site. it was taking walk-ins and we can see how long the line got yesterday. not just new year's gatherings, there are different reasons that are leading people to want to get tested. there are concerns about omicron and kids going back to school for winter break. >>> >> it is quite unprecedented demand, the combination of all the factors you are seeing. >>> recognizing a train. what is happening is people are coming to get vaccinated some testing >>> of the virus?. , you will find that marriott san mateo taking walk-ins from 9:00 to 2:00. on spf.gov you will find the farmers market site open 8:30 to 1:00 today. they take walk-ins but they are limited by capacity restraints. solano county.com you will find where to get a pcr test or a rapid test online. if you go to these websites you will see some options. like many people have been seeing, appointments being booked through the new year. but once you go to next week, past that new year, you will start to see a couple days or more testing a

this brazen robbery at gunpoint happened within seconds thursday night outside the downtown marriottn oakland. you can see this video used in the police investigation, a hotel guest is ambushed by two individuals while unloading his vehicle. it is a video that mats on mother sent to him. >> she is always worrying about me and watching too much news. dion: dean is from chicago and was visiting the bay area for work training and a few days of snowboarding. he says he pulled into the marriott around midday monday to check in. >> they grabbed my suitcases and back from the back of the truck. i walked inside, i got my room and my key and proceeded to take our bags upstairs. dion: he says when he went back outside to park his car -- >> within five minutes. dion: the windows were smashed, and everything inside was gone. >> that's when i realized i had lost three computers and a lot of work stuff and personal stuff. dion: i reached out to the marriott to ask about safety measures at the hotel given these two incidents. that general manager sent me a statement that reads in part, quote, "they

rivian puts and marriott calls. >> wanted to get glossed over. completely >> i did i wanted to hold it into this, scott, but i decided -- in calls at this point anyway, but decided there's too much put activity for me to hold. >> as your brother who got the allocation, if i recall, you bought ton open market. >> yes. >> appreciate it, man. >> yes, sir. >> there's doc and j "final trade's" on the other side. your shipping manager left to “find themself.” leaving you lost. you need to hire. i need indeed. indeed you do. indeed instant match instantly delivers quality candidates matching your job description. visit indeed.com/hire >> announcer: on "squawk box," new york reserve president, and investors now, a cnbc exclusive tomorrow plus "squawk box" anytime on demand. >>> "final trades" in a minute check out robinhood. a big call on the stock today initial yating new englander perform at bank of america perfect storm over growth larder to achieve what do you think? >> bank of america basically reiterating what we told you on the show the day it wen

home quarantine rules by going to a restaurant working infected to people with the all me chron, marriott. well, some up lifting news. now, on the pandemic of, from south africa, government officials there say it's possible the country may be passed the peak of the army crohn barian, which was detected there last month. it was feared sick patients would overwhelm the health care system. but that didn't happen instead, hospitalization, rates decreased despite the more contagious nature of bombing crohn. now ahead of the new year, south africans are feeling hopeful. this was the epicenter of only crone, but infections have dropped and residents of doubting province a basking into relief. as our local health care workers, me grown woe at i at prominent housekeeper level. definitely for the average patient cause as much mild as symptoms. then even delta, if i look at my own personal experience out of a 110 patients, we had to admit it from 3 to 4 patients. i'm not various if you the probability of landing in a hospital with only crone is 80 percent lower than the delta infections expert fe .

you're buying marriott again >> yeah. >> so i own marriott earlier in the year and sold it in early augustof value there. it's down about 9% in the last 30 days. they're leveled to the corporate traveler coming back and i think that will happen in 2022 and they'll have a profitable peak business model and i like the name here and decided to take in and get some capital allocation there as it pulled back in the last 30 days >> shannon, over to you. you're selling two names >> we sold both paypal and global payments and really, the theme here is similar so i'll just look at it from an overview perspective. the payment space is certainly getting disrupted pretty effectively right now and that we're just not sure who will come out on top. if you look at paypal, for instance, i know jon's buying some more of this, but we feel that there is the opportunity here for venmo is very limited it looks like they're not going to be able to transcend the p to p and despite the total addressable market to paypal, it doesn't reiterate from a growth story to a value story and that's more likely for us to go

so, if you look at most of the big names, the marriotts of the world that are out there they're all doing. wynn and las vegas sands are not but that's because of the china exposure look at hyatt and everybody else, they're having a great year so far. >> to bob pisani's point, i want to give a shoutout to everybody at emilia island, one of the more underrated, i think, hotel and leisure areas. love them. >> that's where i was. >> and finally here, "spider-man: no way home" is on pace to hit a billion dollars in box office sales the only movie to hit that milestone in 2021. spidey is already three-quarters of the way there-crossing the $750 million market just on tuesday. and its success is boosting movie theater stocks all up more than 5% on the week. amc entertainment leading the pack, up more than 13% meme stock, fundamentals are in place. julia boorstin, navigate this for us here. is the box office back and will it be so in 2022 as well >> well, look, we don't know what's going to happen in this last week of the year. it'll be really interesting to see not only does spider-man continue

this is outside san mateo marriott today ahead of new year's eve. a live look at sfo, there are at least 56 flight cancellations today across the country. omicron surge is causing staffing shortage at airports. flight aware says more than 1,000 flights are canceled nationwide today. hundreds more are delayed. it is a real mess. michael george has a closer look at the u.s. covid surge that is setting records. >> reporter: 2021 is going out in record breaking fashion with cdc recording most new covid cases a day ever recorded and that number will go up. >> with omicron we are going to see a viral blizzard over the next five to eight weeks in the country. >> johnson & johnson announced a second dose of the vaccine is up to 85% effective against omicron variant. health officials say being vaccinated and boosted gives people the best chance at surviving omicron. >> you have a much higher level against becoming infected, seriously ill or in fact dying. >> pediatric hospitalizations are up nearly 50% in several states. te wbec director says she hope aued12

. >>> oakland police are is searching for two men who robbed someone at gunpoint at marriott hotel onideo. check out top of the screen, two men ambushing the victim while he unloads bag from trunk of the car. tries to run into the hollywood hotel but says they pulled a gun on him. they're looking for help to identify the robbers. >>> one stop closer to catching man who shot retired police officer who was protecting a news crew. believe they have found the car, key piece of evidence released in the aftermath of the shooting. there's no word if they've identified the shooter but they have a lot of information on the tip line. and reward more than $38,000 for any information that leads to arrest in his killing. >>> one more thing families are packing on their holiday trips. mount diablo unified and other districts be sent at-home kits before the winter break, asking families to test their children twice, once three days before return to school and one day before the return. superintendent said the bowl is simple to ensure schools can stay open identifying as many cases as possible. >> wo

, or a vac like a vacation club marriott which is more of the time share model when i look at this, i think people's minds have changed. substantively about how they're going to vacation. they don't want to be in a room in a mass hotel anymore. they want to be in more of like the vac hotel vacation club hotel, and if you look at as seema said around the cruise lines, if you're looking to really get that bounceback, the cruise lines have bounceback pretty impressively. but they're still not back to the 50% retracement for the last three months so for me, if you look for a real catch-up trade, it is that. i own personally you, clear secure that has not bounced that looks like we're never going to get back to travel again. so if all of these other areas of bounce, then you is due for one as well. >> that's an interesting point the idea that some trades have outpaced others in this. brian, i was looking at you, and you were kind of nodding a agreement a little bit with what steve just said. do you feel as though there is still fuel in the tank for certain parts of the travel and leisure t

i was looking at hilton and marriott and my big thing always on the show, frank is -- i don't pay attention what people are saying and i watch what people are doing with their money those stocks were ripping during the worst of the omicron headlines and i think the point that you can take from that is everybody knows that people will say all of the right things about the risk and blah, blah, blah, but they are going ahead with their travel plans. in the case of live nation i think they already sold something like 22 million concert tickets for next year. i think 22, 23 and 24 could be back-to-back to back, three of the biggest years for live events of all time globally and live nation is increasingly a global business. they just finalized bringing in the largest promoter in mexico and latin america as part of the company that closed this week. like, this -- look at this stock. does this stock tell you that anyone's really going do anything differently over omicron? definitely not so there will be canceled events here and there there will be new variants everybody gets it. that's already in

here is new video of long lines in a testing site at the san mateo marriott. it's taking about an hour for people to get tested there right now. >>> just into our news room, the cdc says do not travel on cruise ships no matter your vaccination status. this warning comes as the agency investigates dozens of cruises with covid outbreaks. as you might imagine shares of royal caribbean, nor weejian and carnival are down at this hour. >>> according to a new study t johnson & johnson booster shot appears to protect against omicron and will likely keep you out of the hospital if you do get covid. researchers looked at 69,000 health care workers in south africa and compared them to a similar group of unvaccinated south africans. the data shows the dose reduced hospitalizations from between 63% to 85% in areas where omicron is dominant. but the study has yet to be peer reviewed. >>> let's take you outside. this is a live look at walnut creek. the sun is shining. that's certainly different than this past week. it's been raining non-stop. let's check in with meteorologis

. >>> oakland police are searching for two men who robbed someone at gunpoint at the marriott hotel caught on video. take a look, top of your screen. you can see two men ambushing the victim, while he unloads his bag from the trunk of the car. the victim ryes to run away to the hotel. before he can get to safety, the robbers pointed a gun at him and demanded his bag. you can see them running off with it. police are looking for help in identifying the two robbers. >>> a hiccup for the mayor and her plan to clean up the tenderloin. the district attorney joined in opposing her plan, saying they have a problem flooding the neighborhood with police. >> reporter: when it comes to the tender loin district, there's one thing everyone agrees on, drug use is rampant. the mayor wants to declare a state of emergency. >> we have to move quickly. we can't wait until something goes through a layered process. we have to move quickly. too many people are dying in this city. >> reporter: the plan includes providing mental health workers and more toilets. but it's the other part of the proposal, the mayor wa

. >> marriott salt revenues plummeted by 50%. another blow came in

family visits san francisco for the first time was planning to view the show from their 20th floor marriott hotel room. >> we were hoping to see fireworks because colorado is usually so dry that we don't have them. >> i think that is probably a good decision to make sure that everybody is safe because large crowds are probably not a good idea considering the increase of the omicron variant. >> in san francisco, betty yu, kpix5. >>> well, a live look outside tonight and final round of rain arriving in the bay area before we get a chance to dry out for a few days. >> we are tracking the last dose of wet weather for a little bit. we get a little bit of a break, bryan. >> we do heading into 2022. not tonight we will have to wait until we get closer to new year's eve. rain and the north bay, it is light. 8/100th of an inch so far north of the golden gate. it will change as we get towards sunrise tomorrow. but, in the meantime, you know, it is coming down a little bit. the greatest probability in san francisco, you can see it dips around midnight and then slowly the probability for rain gets up t

it curves before it gets to the entrance of the marriott hotel parking lot, and the line only continues once you get inside. we can see that you from above where it was longer during the day, going all the way to the freeway. people are getting tested for a variety of reasons, the omicron variant, those who have traveled or will be traveling, going to be around family and friends, as well as those worried about school returning, and making sure the whole family is checked out before classes begin. >> they quarantined. we quarantined and waited for negative tests. this is preventative safety, because every now and then you hear about a friend of a friend who got covid. >> reporter: you can show up on foot or in your car at this site without an appointment, but it is always recommended to try to make an appointment, whether at this location or any other site across the bay area. if you do plan to be around others outside of your household, the recommendation is to get tested 3 to 5 days after you all gather in one place. in san mateo, shawn chitnis, kpix 5. >>> for more on covid testing a

behind me, you can see a long line of cars at the san mateo marriott. the walk line equally packed. our own candice nguyen tweeted this video saying that the wait was at least an hour long. the warriors are supposed to be playing against the nuggets in denver, but that game has been postponed. it had to be put on hold because the nuggets don't have the minimum eight players required to play because of covid and injuries. draymond green vented on twitter. the warriors had a play a game earlier this week with many key players out, including draymond. this is the 11th game postponement by the nba because of covid. what about the weeks to come? tonight we're getting answers from a covid expert. joining me now is dr. kiersten domingo from ucsf. thanks for joining thus thursday night. what should we expect in the days ahead? is the surge going to get better before it gets better? >> it will get worse before it gets better, but if the u.s. follows the path of other countries who've experienced omicron before us, this entire surge will likely take about four to six weeks, so we're looking t

this location at the san mateo marriott contest up to 4000 people per day. >> everyone has to get tested. we want to make sure everyone is safe. >> reporter: different reasons to get checked leading people to the same line. ongoing concerns about the new variant, holiday travel, and spending time around loved ones, and the return to school from winter break. >> is quite unprecedented, the demand. >> reporter: virus geeks operates this particular site in san mateo county, and has contracts across the state. >> reporter: if you had to turn anyone away yet? >> no, we have plenty of tests. >> reporter: the line has been long all day, but it is getting better in the afternoon. it still goes all the way down the street to the end come across before it comes back to the entrance of the hotel parking lot, where it continues inside. >> it wasn't this crazy last time we were here. we came by this morning and i saw the line down to the end of the freeway and left. >> reporter: the ceo tells us on a busy day like this they will likely pass 3000 tested this one location. >> we start recognizing a tre

. >> last thursday outside of the courtyard marriott hotel on broadway. you can see there a man unloading his bags. 2 men approaching him. they were armed and they're demanding that this person hand over everything. and then before taking off. no one has been arrested so far in opd is wanting you to call them. if you know any day about this robbery. >> happening now getting home for christmas. this is been a problem for thousands of people today. and that's because of covid delta and united airlines had to cancel hundreds of flights nationwide for christmas eve and christmas. yeah. the reason covid-19 related staffing shortages sfo. is that cancellations and delays. >> flashing on their flight boards. and that's where rob nesbitt is live tonight with how travelers are dealing with all this >> dan, the travelers. i spoke to today say they received a text message on their phones this morning. letting them know the omicron variant is to blame for canceling their christmas eve flights. from security lines to checking luggage. patrick schuler went to the motio

released shocking video of a man being robbed at gunpoint, sap and last thursday outside the courtyard marriott hotel on broadway as the man is unloading his bags. you can see 2. our man approaching him demanding the victim and over everything. look at this. now they flee the scene and police say no arrests have been made in this case and are asking anyone with information to contact them. we'll be right back after the break. well, welcome back to the kron 4 morning news here on this christmas eve were filled with so much holiday cheer and a lot of joy here and we are very grateful for you. another thing, though. you've got to keep in mind slick conditions. and i see john, you're ready to us the forecast. but we also have a little holiday spirit going on there with. yeah. >> i know you've got to keep this pier going even on the radius of mornings. so we've got that high on. you've got the red on, which is a very good color. and we're just embrace it at this morning. and arias got the christmas ads. yeah, does. stay tuned for that. we are looking outside conditions today that will eventually cle

marriott is the biggest. they have thousands of hotels. a lot of them his franchise operation.ke a fee or some kind of royalty on the name hilton. it is coming back reasonably well. they are making some investments to get hotels back. the biggest problem is getting labor back. a lot of people lost their jobs, a lot of people were laid off, now they have to get these people back. as hotels are coming back, more people are coming back to stay at the hotels. a lot of workers are not coming back. it is a real labor problem and to some extent prices are going up at hotels because you have to pay for higher priced labor than you did before. lisa: hotels or try to figure out what they can cut, perhaps not changing the towels for as many nights and other areas they can reduce costs in order to have fewer employees and keep costs lower for consumers. what are some of the areas costs are getting streamlined that you talked about with the head of hilton? david: if you are staying at a topline hotel, one of their waldorf hotels are one of their more luxurious hotels, you will get all the s

. >> no creeping back up, and armed robbery outside the marriott in downtown oakland. surveillance used in the police investigation shows a and who did not want to be interviewed unloading his car, trying to check in on tuesday evening. in an instant, you see these two men. one grabs his bag, which included cash, laptop, a high-end watch, some christmas gifts. the victim says he thought it was a safe area given the amount of people. reggie: a group of thieves attacked the store security officer in san jose saturday night. two loss prevention officers tried to detain one of the suspects. that is one -- is when some of the thieves came back. the thieves were able to get away, but police say they did recover thousand dollars in merchandise. officers arrested a woman they say was not involved but interfered. >> jurors in the elizabeth holmes trial begin deliberations today. she faces 11 charges in connection with her field testing startup. prosecutors have accused her of misleading investors while the defense argues she ever misled anyone. mike: our our morning, look at ho

fred malik went on to become president of marriott and the cochairman of cbre.ra franklin, bobby kilburn, henry kissinger, paul o'neill. president-elect nixon brought henry kissinger in. our ghibli, today he is the world -- arguably, today he is the world's preeminent international statesman. susan: do you believe that no matter how many efforts you make, there are for some people that watergate will be the defining moment of the presidency which trumps other commerce meant -- accompli shments? pres. byron: it is part of a much larger story. when he eulogized president nixon in yorba linda, president clinton said made the day of judging nixon on one day in his 25 year career come to a close. abby -- i believe that is only beginning to happen now. susan: you reference the mystic policy achievement. i wanted to play a brief clip of tricia nixon cox talking about some of president nixon's domestic policies. >> in a turbulent time, peace in the world and justice at home where the twin pillars of my father's initiative. initiatives that integrated all americans into

> i'm going to predict that within two, three, four months we will have another variant and that marriott will be more infectious than the delta variant. >> kayleigh: so leslie, how can biden say no one saw this coming? >> leslie: scientists and medical professionals know how fluid this is and know that any virus, covid or otherwise, it mutates. but of course they don't have crystal balls. we look at how fast this omicron spread, when we look at south africa for example, and we had to cut off travel from there and the administration got great for that, i didn't blame donald trump for covid. i didn't like when he said it would be behind us and a couple of weeks, and scientists were saying that, but i don't like when any politician put the timeline on it. they don't have control over the timeline and they don't have control over the mutations or how severe those mutations will be. but there are are 71% of american people that have the vaccine and their arm. there are some people out there that believe this information that's being given. in my own industry as a talk show host, six of my pee

the just homes, splintered away, thrown far distances, and we're here in one of the hardest hit marriott. like a little tom slew and you can see hoy smoke were -- who says the tornado was on the crownedy hine in the west to the lount i line in. dezoet. they estimate two-thirds of the city of dawson spring has been estimated by storm damage here and this. they are looking for people and we're told that will there are still dozens of people and many people are hoping it's a communications problem, loss of ones, but they are in coming through that and they this search. this is what we're thaeg, people walking two and picking up every being fpg. pamela? >> ed lan $, paolo sandoval and brynn gingras. thank you so much. >>> as the full scope of this tragedy unfolds, help is pouring in from all parts of the country. mayfield consumer products which operates the candle factory decimated by the tornado put up a website to receive donations and 100% of those donations will be given to victim relevel the ceo of the company spoke with cnn this morning >> you know, we have the tornado drills and the

. >> what's your prediction for next year, marriott buys airbnb, what's your big, bold bet? >> it's probably just on travel and hotel performance as a whole will continue to see that recovery, so we can get back to where we were at 2019 and hotel owners are going to be focused on continuing to drive the bottom line because we've still got several years to go to get back to prepandemic levels talking about the bottom line for these hotel owners but travel -- >> citing the impact of the variant as well will be key, of course, but i hear you on the recovery. >> absolutely. >> amanda, great to see you, thank you for joining us, happy new year. >> thank you happy new year. >>> still on deck, a closer look at what are likely the most important stocks in the market talking the 2022 playbook for technology when "worldwide exchange" returns. >> announcer: today's big number $156 billion that's how much capital is held by spacs seeking private companies to take public in the next two years, according to spac research. over 600 spacsenpuicn wt bl i 2021 a new record here. aspercreme ar

hope in this world despite all g of covid and all of these other diseases coming out, different marriottmakes the difference. kristen: the hero say the best part of the day was seeing the smile on the faces of the students. dan: it looks great, a great day. kristen: pretty soon though superheroes may need an umbrella. spencer: a superstrong umbrella as a matter of fact. tonight we will have clear skies for the most part, cold tonight, with low temperatures dropping down near freezing and some of our inland valleys and only upper 30's and lower 40's near the coast. tomorrow, a few upper 50's, not expecting any 60 degrees readings and then sunday, the atmospheric river charts to flow with heavy rain, windy conditions sunday with storm intensity and level two on the impact scale. level 3 monday with more heavy, wind driven rain, maybe some light snow mixed in. if tuesday, the intensity of the storm tapers to a one but still a cold day and a wintry one. showers are likely again wednesday and thursday. maybe a slight chance friday. we've got a week of winter weather coming our way. dan: strap

creeping back up for the holiday season stunning video shows an armed robbery right outside the marriottn downtown oakland take a look surveillance used in the police investigation shows a man who did not want to be interviewed on camera unloading his car to check in thursday evening in an instant two men with handguns run toward the victim juan grabs the victim's bag which included cash a laptop a high-end watch. christmas gifts the victim told me he thought the area was safe giving the amount of people who were around. in the south bay a group of retail thieves attacked a store security officer last night in san jose police. say up to 15 people stormed the macy's at oakridge mall to loss prevention officers tried to detain one of the suspects when some of the thieves then came back and began beating an officer police released this photo today showing the victim and you can see her injuries the group of thieves was able to get away but police say they did recover a thousand dollars in merchandise officers. and arrested a woman who they say was not involved in the actual theft but interf

if you care about balance sheets, that means you should buy norwegian cruise, delta, marriott and visa or master card, the latter being a big position for our investing club. the credit card names aren't cheap but they're better than the banks. you want stretch names i have a couple of them. the biggest is wynn resorts, wynn it's been clocked by covid. it does matter then there's the elephant in the room disney with the big slate of upcoming films and theme parks and disney regaining it if you watched the interview with bob iger, didn't it make you want to buy some finally, there's chipotle. it's making a ton of money from the drive throughs before the rest of the place is open. it's called a stalemate. the stock is doing nothing i think people are worried that the omicron strain meant lockdown i lee peat, there will be no lockdown even if there were, chipotle did great. third group that works, we almost always get a rally in cyclical stocks at the beginning of the year. they take a look at how the companies could do not how they will do very hopeful hope springs eternal in january. i

this happened last thursday outside the courtyard marriott hotel on broadway. you can see in the video that as a man is unloading his bags 2 armed men approached him and demand the victim to hand over everything before they take off. no one has been arrested so far and opd want you to call them. if you know anything about this robbery. now to a live look at the sierra. this is along highway 80 heading toward north lake tahoe and if we switch over to highway 50 trying to get to south lake tahoe. you can see that there are some pretty snowy conditions out there. a lot of it has been pushed to the side of the road to make for some safer driving. but of course to go slow. if you're heading out there just in case and to leave early. if you're trying to make some plans. kron 4 meteorologist mabrisa rodriguez has your sierra forecast for the holiday weekend and into next week re. so what are we seeing out there yeah. we're seeing a lot of white snow out there right now. fortunately not white out conditions, though, ella, but. >> plenty of fresh powder on the roads and

marriott higher by 5%., but nearly $100 billion has been stolen from those coffers. eamon javers has more on what's being done to fight it >> that's right. and that $100 billion you're talking about could make this the largest fraud of all time. law enforcement officials expect they're going to spend years clawing back as much of that money as they can. so far, the secret service says it's investigations have led to the arrests of 100 people and the seizure of more than $1.2 billion as well as the return of over $2.3 billion in stolen funds >> as a taxpayer, it kind of, it's shameful to think that individuals would take advantage of these programs that were established for people that were truly in need because of covid-19 and that they would target them for their own personal, you know, advantage. >> now the secret service announced this morning that it's appointing roy dotson to the new position of fraud recovery coordinator where he's going to coordinate all of the services pandemic investigations. he to

. >> to christmas marriott. >> greg: you're sitting next to dana that's a dirty job.just a filthy person. >> all right let's get get this back on track. >> that is a really deep voice. mike rowe. so we talked about mike? >> it's is able to set a judge can get stranger. this santa got a dirty job thing is the number one downloaded song in the world. >> jesse: let that happen? >> it's art about music and never talk about dirty jobs coming back and he said micro. you can call me mike. santa claus, so to sing a song. he walked at the bathroom during the break and came out he had his iphone his hand and he had recorded the course of a song. in the bathroom. >> that's an important detail. at [laughs] >> jesse: where i do my best work. >> i can hear everything that's going on. like you got to be kidding me. it two weeks that recorded it and he called me oak ridge boys. they came in and they same. and he called his people and also number one hit. >> the nurse second number one hit that you had with somebody. >> jesse: that is sure we did have a little thing and it was for cha

look at norwegian, delta and marriott as examples it is a volatile chart for the year pick your turbulent where would you go, gina >> we went with the airless. we are holding delta the thing is that although omicron is obviously spreading very quickly, it is also showing that it is not as, you know -- it is not as deadly. if you are vaccinated it is not as deadly. so all of those things suggest that people are going to eventually shrug this off and they are getting back on planes. we are actually seeing a lot of plane travel expected, and even bookings if you look at a name like bookings.com is also getting rated up because people are going back to traveling. >> yes bob? >> yes, so, again, look at what the market is telling us the dow jones hotel index -- there is one -- actually is outperforming the s&p this year. up 31% while the s&p is up 27% companies with exposure to china, like las vegas sands, wynn, are not doing as well. the airline index is actually flattish to slightly down this year what is it telling us? it is telling us that the hotel people, particularly local travel, is exp

and if you're going to fly somewhere you need a place to stay marriott, hilton, hyatt with nice gainson the session. ty >>> utilities a top performer today. investors rotated out of tech and into safe haven groups which are the best stocks to lead the next leg of the rally mark teper and mish schneider. what do you think? utilities a place to hang the hat or not >> i have an expression when the uncle is drunk at the door it's time to pay attention. that's what's happening here there's benefits in that it's interest rate sensitive and tells you it's superceding the notion of rates going up and has a part of the infrastructure package so some energy stocks that particularly relate to utility will do well also, water. we are looking at the water stocks within the xlu space but a caveat is that it is not near its august-september high yet and has work to do before it's really sexy. >> mark, her drunk uncle showed up what do you think? >> he's probably not very sexy just like utilities. i try to not get overly cute with the utilities exposure. it is like a set and forget it sector for me b

conversely, live nation, marriott, hilton, are good uptrends, corrected last couple weeks are viableith support. we like how they responded last couple days. we would focus on those. uptrends, names with relative leaders that have corrected started to work higher. charles: i love the way the hotel stocks are acting too. >> yeah. charles: get your thoughts on technology then for 2022? >> i think it's the area frankly we need to be careful. flows into the qqq, flows into the nasdaq 100 are in the 95th percentile of every historical observation f you like tech that's fine but you're not alone. i think this market has shown us really over the last 20 months you have to be very, very careful when there is one-sided thinking. i think there is one-sided thinking on tech. we see it with the microsofts and facebooks and the apples. that is where i think the risk to this market is at the top of the market. the cyclicals have already corrected. small caps already come in. it is the big weights i would be careful with. charles: some contrarian thinking there. chris, fantastic information as alwa

asking for the public's help in finding 2 armed robbery suspects who targeted someone outside the marriott on broadway. there they go. police say the victim was just unloading things from a car. and that's when the suspects approached the victim demanding his belongings. this all happened last week on thursday. anyone with information on the case is being asked to call apd now to a major drug bust happened in daly city. police say they arrested a 55 year-old man last night on longview drive after finding. >> large amounts of meth on him. 2000 single use doses were recovered with a street value of nearly 6500 bucks. officers say they also found a gun. napa county sheriff's office says that they have found a body that appears to be crystal mccarthy who has been missing now for. >> over a week. police say the sheriff's deputy spotted a woman's body in the river near the 3rd street bridge today. an autopsy is scheduled for next week. according to mccarthy's boyfriend who reported her missing. she was last seen near the napa river 10 days ago. police also found mccarthy's boots and other person

it happened last thursday at the courtyard marriott hotel on broadway. goes the run out. 2 guys approached him. they demand money and then they take off. now there looking for them. >> it's 6.38 right now and other news that we're following is out of the south bay. >> jurors. the criminal fraud trial of former theranos founder elizabeth holmes. >> they're taking a break until january. she's accused of defrauding investors for hundreds of million dollars of dollars. now, there were 3 days of deliberations and the jury still have verdict yet. so they're going to work on it and we'll see what happens when they come back. ray. that's another story that we're just going to have to pause until after vacation. yeah. hey, the water bar restaurant in san francisco. they got into the christmas spirit over there. they have a gingerbread house on this play and honors a classic christmas movie. my favorite christmas movie kron four's, vicki liviakis has a look and this morning's dine and dish. part of what makes water bar so popular besides raw oysters and shellfish

this is what it looked like today at the testing site at the san mateo marriott near sfo, and you cans lined up for several walks, waiting for a drive through test. much more coverage on the over crown driven surge coming up later in this newscast, a 10 30 why some very hospitals say the number of beds isn't the biggest problem that they're facing. tonight more than 500 homes, a hotel and a shopping center have all burned down and tens of thousands of people have been forced from their homes due to wildfires near denver. the fires are being fueled by wind gusts of up to 105 miles an hour, authorities say at least one first responder and at least six others have been hurt in the fires. the first fire started just before 10 30 this morning and was attacked pretty quickly. contained later in the day in his currently being monitored a second wildfire 30 minutes later ballooned and spread rapidly, sending people scrambling for cover. and by the time i made the decision to leave, everything was pretty much landlocked. unfortunately until you have something like this, you don't really realiz

this happened last thursday outside the courtyard marriott hotel on broadway. this is 3 blocks from oakland. police headquarters. a man is unloading his bags. you can see those 2 men armed men approached him and demand that that victim hand over everything. they then flee the scene with the goods. police say no arrests have been made in the case are asking anyone who might infer have information on who these 2 men were that rob somebody at gunpoint on broadway in oakland to give them a call. jurors in the trial of former theranos founder elizabeth holmes might take a break until january. >> holmes is accused of defrauding investors out of hundreds of millions of dollars after 3 days of deliberations, though jurors have not reached a verdict on 11 charges of fraud and conspiracy holmes faces 20 years in prison if convicted. now to our coronavirus coverage, marin county public health officials are seeing the start of a surge in cases less than one week after the first case of the omicron variant was detected there. the more contagious omicron variant is expected