this are been reports for years that sony and mgm would be a good fit mgm just hired bankers reportedly to look at sale there. do you think that a merger would mgm would make sense do you think you need more scale right now to compete with the other studios that are vertically integrated with the streamers? >> we set our strategy to be a provider to all platforms and it's been working extraordinarily well we're having a pretty good year this year even in light of the covid-19 world but, look, we set a strategy that being the first piece the second piece is we're working on establishing niche oriented, very narrow services a business we bought three years ago is doing extremely well. we announced an agreement to purchase another company that service, that service automation is doing really well. he would bought another service called pure flicks so we're in the streaming business and they're profitable and we're going to move forward with a couple more we're very happy with our str strategy and position and it's paying off really well right now. >> so we'll take that as a no comment on m

if a ticket was bought through mgm with a credit card they will be refunded. >>> with coronavirus surging nationwide new restrictions on businesses and restaurants have come about to help stop the spread. many restaurant owners fear they won't survive. the independent restaurant coalition said a half million independent restaurants and 11 million jobs could be lost because of the pandemic. it's now pushing congress to pass the restaurants act. a 120 billion-dollar fund geared toward helping small restaurants and bars. >> there is a letter design that asks congress to please act on this bill because for every day that this relief is not provided it's another restaurant that's closing, a bar that's closing, jobs that are going away forever and dream that are dashed. >> restaurant owners say they will take all the help they can get from customers whether it be take out or even just buying a gift card. >>> united airlines and the cdc are teaming up to launch a contact tracing initiative. traveler also get a prompt to opt in and provide contact information like a phone number or e-mail address

just like wynn, mgm makes a golden cross in october.ccine is in place and people feeling safe to gamble again and we are cooping up. there should be a lot of gamblers gamblers. that's where they get the bulk of the vision. this is a nearly $57 stock. the thing about las vegas is you are betting on the biden's administration easing up on china quickly with less exposure of vaccine. these casino stocks making it crystal clear that americans are ready to gamble again. the charts don't lie. these charts are screaming at the chinese trade war is about to beover and so is the pandemic. i think china is driving the bus right now, the vaccine will follow up but not so fast. i still think the end of the first quarter we'll have a glut of vaccines. i like to say there is always a bull market some where and i promise to always a bull market somewhere. i'm jim cramer. "the news with shepard smith" starts now. >> i'm shepard smith. on cnbc, and this is the news. >>> such an historic day as we hopefully see the light at the end of the tunnel of this

and over the years, they've built big accounts with companies like the coffee bean, mgm, and caesars entertainment. ana: we've got to make sure that we send quality stuff. they're unhappy because we didn't catch it. lemonis: but a recent drop in sales has left the company with a serious cash crunch. ana: i do apologize. the order will be going out. we don't have an exact date yet. lemonis: bills are now going unpaid, orders are getting delayed, and with every passing day, gilbert and ana find themselves deeper in the hole. about a year-and-a-half ago, i invested in another family furniture manufacturing business -- grafton furniture, located in miami. since that time, the business has grown by about 50%. with their focus on residential furniture and pacific's on commercial furniture, i think they'd make a perfect match. hi, there. woman: hello. lemonis: is ana here? woman: let me go get her. lemonis: let her know marcus is here. woman: okay. lemonis: thank you. i didn't really understand when i walked into pacific, why i was seeing residential furniture. i thought this was a hospital

that's $6 billion more than mgm, the big casino company.him how big do you think the company can become. he thinks it could be a $100 billion company eventually, is so almost five times today's value. and he says he aspires to be like amazon, wants to use his customer relationships now to expand into new businesses. he news gambling on video games could one day take off. you can hear that whole interview on my barron's street wise podcast. jack, i'll leave it to you to decide whether to buy draftkings stock in your robin hood account and paw for it with -- pay for it with bitcoin. [laughter] jack: more proof that the house always wins. the stock was up 434% on the year. impressive. we end, as always, with some actionable ideas. carlton, what do you have for us? >> so going off of jack, we're talking gambling. i'm saying now may be a time to take some chips off the table. end of year is a good time to take a look at your portfolio, look at some of the winners, maybe just drum them back, rotate into some value-oriented investments or other th

mgm, content and content is important.istribution and you're at $25 billion company, that's important. the movie company, i don't know it because it's not public and i don't have the details on it. obviously they have a film lie library. so does amc, which is -- you know, the walking dead. barry diller did a fantastic job. love making is very important, not only in match.com but in corporate cold. lockheed just bought a company. they've done a fabulous job of bringing on a ceo. the stock is 52 and-a-half up from 40. they're taking out at 56. steele partners, the control of it, the stock is $8. $9. that's going to go up sharply. there's a lot of elements in the ecosystem. and spacs, private equity, ipos, some of them will turn out to be distake disasters butn balance m&a is okay. maria: okay. so we just spoke with the founder of blade. he's backing into a spac, going to go public as well. i know that's all the rage. what about social media, mario? these companies are facing a slew of lawsuits in the us and abroad, number of

it expands diamondback's reach in west texas shale drilling and mgm resorts getting hit on concerns onhe virus will slow the economic rebound. a little dancing on a monday, tyler, never hurt anybody. i will send it back to you. >> absolutely. bitcoin down about 5% after hitting a record high. right now still at $22,000 look at that graph. >>> the airlines down today, but american dealt at that still up 50 from their march lows both of the stocks benefitted from the he radio tailer trade of the last part this year up next, what's in store for the robinhood crown. stay with us i made a business out of my passion. i mean, who doesn't love obsessing over network security? all our techs are pros. they know exactly which parking lots have the strongest signal. i just don't have the bandwidth for more business. seriously, i don't have the bandwidth. glitchy video calls with regional offices? yeah, that's my thing. with at&t business, you do the things you love. our people and network will help do the things you don't. let's take care of business. at&t. >>> all right. 2020 has been the year of

ashley: mgm holdings and analysts say the market value could be around $5.5 billion.will be attractive to companies competing in the streaming wars. james bond is the biggest asset it has, but the studio has more including the rocky franchise, silence of the lambs, rainman, terminator and even the handmaid's tale and also owns ethic, a premium tv channel, all of this, the kind of content that could prove to be attractive. stuart: thank you. to put the streaming services on your screen. in these are the stream or so to speak, leaders in the field. mark douglas is with us. mark, you are in here because this new stimulus bill, there's a provision that makes it illegal streaming a felony. can you tell me what is illegal streaming? >> sure. it's almost better defined by what it's not when caveat is the legal streaming for commercial profit. illegal streaming takes movies and other content and puts them on the internet for people to consume without paying for them. it's something that used it to be more prevalent in the past, but with all the streaming services now in the l

mgm hasg to dow jones, tapped investment banks morgan stanley and lantry to begin a formal process.s value will remain attractive at about $5.5 billion. apple reported was to build a self-driving car for consumers by 2024. the company is developing its own technology that could reduce the cost and extend the vehicle's range. apple has been working on driverless car technology since 2014, but the company pared back its ambitions in 2017 and began focusing on the underlying autonomous system. that is the latest business flash. kailey: thank you. it is time now for futures in focus. energy prices have been under pressure after a new covid variant was reported in the u.k., raising concerns that travel lockdown may expand. bloomberg's abigail doolittle has more. abigail: oil right now is doing something it has not done in eight weeks, and that is heading toward its first down week in eight weeks. take a look at crude oil futures over the last two days, down about 4% on that virus strain, fears that it is going to hurt the economy. you have this divergence with jet fuel prices. if you tak

you see things like live nation, concerts, mgm, casinos and sl green is commercial real estate, office space relatively similar magnitude moves, especially in the core casino and travel type names they're being traded as a block. arguably not down as much from their highs as they might seen here's on the other side of it some of the recent momentum winners like etsy, roku, they are giving back some of their gains. finally the russell 2000 small cap index, month to date more than doubled off the lows. it is just up slightly right now. so underperforming the major indexes by a significant amount. it's about as overbought technically as it ever gets, kelly. >> michael, we appreciate it mike santoli >> the inning k on the deal isn dry. let's go to ylan mui for that. >> the president almost department put ink on the paper because he wanted the direct checks to be $2,000 instead of $600 now congress will begin voting today to increase the size of those payments the house has just convened for its last working session of the year and democrats have really latched on to this idea. this is the

according to dow jones, mgm has tapped morgan stanley and line trade to begin a formal process.o is betting its will prove attractive. retiree says he put almost all of his life savings into a robinhood markets and and lost $300,000. the man says eventually the money was restored to his account and then robinhood took it back, saying there was no proof of unauthorized activity. robinhood has boomed in popularity this year, but it is also plagued by customer service complaints of compromised accounts. robinhood says when there is evidence of fraud it take steps to shut it down and restore customers account. boeing has extended its sale street of 737 max jets. anska airlines has boosted order agreement of 68 cats. the carrier is returning airbus jet it acquired when it bought virgin america and will only use one type of aircraft. u.s. officials cleared the way for the 737 max durham -- the 737 max to resume flying. ryanair promised to buy the planes. kailey: that will wrap it up for the european close. a quick check on the markets. just off of session lows. the nasdaq is flat on t

studio behind the james bond franchise reportedly exploring a sale the "wall street journal" says that mgmoldings is counting its library of content to be attractive to companies that are looking to make big beck on streaming. if you are going to sell service to consumers, you better have something to show them by the way, let's get a final check now on the futures and the market because things are looking a lot different today than they were yesterday this time yesterday, dow futures were down more than 400 points right now, they are actually flat with a fair value that is actually in the green as well. nasdaq and s&p 500 futures are higher as well yesterday a lot of blame in the early morning hours being put on the new uk strain of coronavirus. it turned out that that was probably misguided because that strain still existed as 1:00 in the afternoon eastern time and stock markets were turning positive moreover, probably the s&p 500 rebalancing combined with new options trades being put on. remember, the quarterly options, they rolled over, three cycled the end of last week we talked about

you take a guy like barry, who makes a ton of money, buying mgm, and su kim, a broadcasting guy that took on a company called twin river chains, cut a deal with sinclair sinclair owns regional sports network. they're doing terrific a company in reno and brilliant and bought william hill and they're emerging in the u.s. and they have the infrastructure those type of things that catalyst, betting on sports, came about in part because of what happened with the supreme court in may of 2018 professional and analyst sports was thrown out you can now bet. that's a terrific new business that's going to unfold we get excited about these things and we're focused on it with a microscope and with a telescope. what's going on short term that's what we do, tyler, every day. >> since you raised the sports betting thing, i think it's a fascinating area because i can well imagine that if you're a sports fan, as i am, and you're not able to go to the game, one way you can get more engaged in the game is to bet on draftkings or fan duel or william hill or whatever >> there's all sorts of things you can

hilton and wynn off by more than 4%, as is mgm resorts. thanks, cnbc senior markets commentator, mike santoli is here to explain a little bit more about what we're seeing mike i saw the stimulus deal getting done in with the reasons to sell off, as a sell on the news, you know, buy on the rumor, sell on the news, and then you got the poster child for every bit of fluff or froth tesla going into the s&p, that's a good reason, and then you got the virus, of course do we need to explain a less than 2% drop in the dow? i mean, do we got to do, you know, bend ourself into contortions, trying to explain such a small move. >> i'm going to get the stretch to try and explain it, because of the context, i think that does matter. no doubt about it, the future selloff did trigger near the european open. it seems as if those restrictions in europe are a little bit of an immediate catalyst if you look at the s&p etf, the premarket action what we're doing is coming from a record high, and sort of skimming away the december up side back in early november,

you want to see the mgm line and the draftkings line and you want to see the line and that would be atastic device, david fantastic for gambling gambling is legal in many states >> digital wallet consolidation and, again, they're talking about, obviously, margin improvement under foley. we'll be joined by bill foley, as well the ceo of paysafe later in the 10:00 hour of "squawk on the street." >> how did you get that? >> he's very interesting guy >> he's fantastic. incredible a losing company and made a lot of money in no time. >> it was quick, you're right. >> okay. carl >> we did get a record high on the dow, nasdaq and russell at the open although we settled back a bit let's get to bob pisani. morning, bob >> good morning, carl. happy monday new highs on friday for all the major indices. not happening today a little bit of a pause that's probably a good thing given how overbought we have been let's look at the sectors. remember the trend we saw in november that has continued into december the trend has been value names like energy and banks and outperform and growth names like tech

the money center banks, the energy names we think will benefit from return to normal, a company like mgme get back to work, vacation that their rnings should pop very nicely. >> i see in my notes here, bill, c.o.p. does energy have a liability to a biden administration to push electric? >> it was supposed to be cof but we like and owned concoho petroleum acquired by c.o.p. and they're attractive and well managed. i think the return to normal energy demand and $50 a barrel oil which we just started to see again in the past couple of days is much more important to these companies than the change in administration will be. >> that's nice list of actionable ideas which you always bring. thank you so much. talk to you soon. >> thank you. >>> now time for the etf spotlight with the communications services select spyder fund, led higher today. a bid to buy code masters, 1.2 billion in cash trumping an earlier deal for the company. asou can y apps are used everywhere... except work. why is that? is it because people love filling out forms? maybe they like checking with their supervisor to see ho

the president-elect was talking with the head mgm, and days later, -- with gm, and days later, we see they are going to drop their resistance rules to electric vehicles. we have reasons to be optimistic about what is possible. it will not be easy. it will require a convening, but as the president-elect always says, as much as anything, this is also about investing in research and development, investing in the american worker with jobs that are well-paying jobs, good, union well-paying jobs. i think there is more consensus than one might think. top: back to your calls on priorities for the biden administrations. onto virginia, independent line. caller: thank you, c-span, for trying to be unbiased. i wish you would do some basic check -- fact checking when you can when you start calling people racist and stuff. the hearings are eye-opening. the witnesses and videos of fraud are criminal. scary criminal. desks,uitcases under that is just on called for and scary. election,t an honest and the media not even covering it? really? somebody needs to go to jail. i appreciate you guys, c-span, a

. >> some of the travel socks, wynn resorts, mgm, those names are going the see increased business.looking -- people are going to start traveling. on the business side we are not going to see quite the strength. that's going to take a lot longer to return to normal. but on the personal side and on the consumer side people are going to start -- are itching to get out. when they can, they are going to be traveling. we are going to see, you know, massive travel once the coast is clear. >> paul, it seems fairly consensus now that the dollar weakness will continue and perhaps extend further. how much do the positive calls on the cyclical stocks rely on the dollar weakening further? is there a risk if it plateaus or just rebounds slightly next year, that some of those cyclical sectors suffer? >> yes, i think if you were to see strength in the dollar, again most of these sectors have a lot of international exposure like you said wilf, so we would tend to see the rally in those names get hampered if we saw a strong dollar. that being said, you know, we think the overall -- the global econom

mgm up 1%, and las vegas sands of a gain of almost 1%. >>> it is 10:31, that means we have the latesty: we are, we're seeing a drawdown of 679,000 barrels, a lot less of a drawdown. we were expecting 2.3 million barrels drawdown. in other words there is more oil in supply than expected. also this is a market that is really waiting on opec and its allies to decide whether or not they are indeed going to increase production in january. so a little bit in limbo right now. but the oil price, there is downward pressure on it recently. the fact we didn't draw down much as expected, demand may not be there. maybe a result of the lockdown and slowdown in the economy because of spread of the virus. hopes of a vaccine which would be very positive of course for oil as demand goes up. stuart: just so long as i can buy gasoline for two dollars a gallon, ashley. i can and i am a happy guy. there you go. thanks, ash. ashley: good. stuart: elon musk says tesla is open to a merger. what is this? is he looking for another headline? susan: you always have to take what he says with a grain of salt, howev

jpmorgan raising their target prices on mgm, penn, even marriott hotels this morning because there ik when it comes to consumer, hopefully travel, if we get more vaccine distribution a second one hopefully by tomorrow, and a return to normal. stuart: susan, thank you very much indeed. we have crews working round-the-clock to complete as much as the new border wall as possible. what happens when joe biden takes office? we'll have a report. fireworks erupting at a senate hearing over russian disinformation about this. >> you lied repeatedly. you lied repeatedly in the press that i was spreading russian disinformation that was an outright lye and i told you to stop lying i continued to do it. >> mr. chairman this, is not about airing your grievances. i don't know what rabbit hole you're running down. stuart: didn't stop there. we'll tell you all about it. because you israeli see that in the united states senate. we'll tell you all about it after this. ♪. trelegy for copd. ♪ birds flyin' high you know how i feel ♪ ♪ breeze drifting on by you know how i feel ♪ [man: coughing] ♪ it's a new

wynn resorts, mgm, let's throw in some of these travel names, concerns over this new virus variant that's lockdowns and travel being restricted, these stocks are also getting hurt as well. tech names, think of apple, closing around 100 stores in the u.s -- around the world, part of he me, and that includes california, tennessee, london, half a dozen stores in the netherlands and elsewhere. and also facebook, we're looking at a bit of a selloff, profit taking as i call it in some of these mega cap names because you don't know what's going to happen especially in a holiday-shortened week like this week. stuart: have you ever eaten a single mouthful of spam? >> no. because it always goes through my head what's in it and how it's made. that image -- stuart: i'm going to bring some in, you can have it for christmas. >> no thank you. stuart: show me walmart, please. i'm interested in this. now making it easier to make returns. all right, lauren, you don't even have to leave your home in. >> no. so you order an item online, and then you initiate the return online. you schedule the date you want