elsa lignos, global head of fx strategy at rbc capital markets.om is trying to figure out -- what exactly will happen, tom? i'm sure they will find a way to work around it. coming up, we will discuss reflation with julia coronado. this is bloomberg. ♪ >> there were also the vendors selling products from wildlife. for many months and their products. >> [speaking nat want to save hundreds on your wireless bill? with xfinity mobile you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network. sure thing! and with fast nationwide 5g included at no extra cost. we've got you covered. so join the carrier rated #1 in customer satisfaction. and get a new samsung galaxy starting at $17 a month. learn more at xfinitymobile.com - [announcer] imagine having fuller, thicker, more voluminous hair instantly. all it takes is just one session at hairclub. introducing xtrands. xtrands adds hundreds or even thousands of hair strands to your existing hair at the root. they're personalized to match you

thank you for your time today, amy wu silverman of rbc capital markets. what have we got coming up for you? we are going to continue the conversation as the target of these reddit trades, the hedge, how are they repositioning? fabio when you switch to xfinity mobile, you're choosing to get connected to the most reliable network nationwide, now with 5g included. discover how to save up to $300 a year with shared data starting at $15 a month, or get the lowest price for one line of unlimited. come into your local xfinity store to make the most of your mobile experience. you can shop the latest phones, bring your own device, or trade in for extra savings. stop in or book an appointment to shop safely with peace of mind at your local xfinity store. ♪ >> this is effectively what happened with gamestop, etc. was a democratization of this tactic. i have wondered, especially as we were getting squeezed on gsx, is the coordination there with these hedge funds? guy: interesting point, isn't it? we will find out. i suspect there will be a lot of forensic and -- fore

hershey, called outperform by rbc.competitors out there. finally disney, we have a big earnings report. you like the stock. stuart: 186. susan: we talked about the disney plus streaming numbers. you said it is going to be 100 million. that's the key. i would say it is, kind of built in. that is much more than that, because already forecasting by 2024, 230 million to 260 million subscribers. stuart: down the road aways. >> less than three years, isn't it? i think 100 million is built in to the end of the year. stuart: whatever you say, susan. tell you what is happening now. the stock is at 186. up 3%. that is a record high for disney. susan: yeah. stuart: seeing california theme park come back on stream. susan: yeah. stuart: maybe the vaccine will help the cruise business. >> i think so. stuart: all kinds of things like that. looking up for disney down the road. >> that is what i think it is trading on. stuart: thursday afternoon, folks, that is when they report. look at tesla up 2%. they are going to accept bitcoin as

who do you think is next, rbc positive perhaps it would be apple.eration is going to sort of dip their coin into bitcoin in terms of reserves next? >> yeah. well, i think this is a part of the earlier trend going from earlier doctrine to main stream. you started with the crypto enthusiasts that's morphed into institutional traders. now you can getting the corporates, tesla and elon music is the latest example. there will be many more. this is about a main stream adoption phase that's really going to continue and i think this is really about creating financial freedom and a lot of engagement for both companies but also consumers and so you see it with paypal and you see it with tesla. it will continue with large financial institution, probably being the next large ones on board. >> charles, is elon musk more of an indication of corporate trend or is he a bitcoin enthusiast? it's a big leap to make against tesla. have you square and microstrategy and some of the more main stream corporations actually taking this step. >> yeah. well, again, it's going

for more, let's bring in helima croft, global head of commodity strategies at rbc capital markets ando a cnbc contributor. good morning, helima, let's talk about your role, you have worked in an analyst capacity in the government before. you have done it theory on wall street what's your first read what is president biden's energy policy >> well, i mean, president biden has been very clear, he's looking to speed the transition away from fossil fuels as quickly as possible, and we think the acid test for this administration, when it comes to pipeline permitting, when it comes to issues like will you get leases renewed for drilling on federal lands is does it get you to net zero by 2050, and they really talk about climate infusing all aspects of government policy, whether it be at the state department, whether it be at the national security council, domestic policy so again, i think it's a very very ambitious climate goal. they're looking at this $2 trillion plan to help drive renewables growth, electrification of a vehicle fleet. again, though, the question will be how much can you get

we will be joined by our guest from rbc capital markets.is bloomberg. ♪ rg. ♪ anna: it is 1:00 p.m. in london, 8:00 a.m. in new york. i am anna edwards live in london and welcome to the special edition of for the president's day bloomberg markets. we have got stocks in europe on the front foot, up more than 1%. strong session in asia as well, highest levels on the nikkei 225 since the early 1990's, up 1.9% by the close. the ftse 100 lifted the oil price lending support to the oil majors. also the reflation trade in general. cac 40 also benefiting from the talk of spinoff from certain large-cap media organizations. we will get to that story later on. that is where we are on the broad market picture, things looking risk-on. we see the dollar retreating, perhaps another half of that similar story. joining us is amy wu silverman, rbc capital markets equity derivatives strategist. very good to speak to you. i have been looking with interest at the chart going around about the size of the call options in the market, used by retail investors. that

rbc today just put out a note apple could be the next likely contender to buy bitcoin. >> i think, first of all, i was surprised. we had more than 7,000 enterprises in attendance last week those discussions have gone viral into 250,000 or more views of just those sessions in the past few days. i have spoken to lots and lots of ceos and spoken to lots of other investors and enterprises. i think the word is spreading rapidly. with tesla's move, i think they derisk this. i think you'll see more cfos and make decisions. >> certainly one of the conversations last week was with ross stevens at stoneridge about all the institutional money. so i i'm sure we'll talk more about this in the weeks and months to come thanks for joining us. >> thanks for having me. >>> coming up, stocks powering higher an janet yell enset with the stimulus package, it could return to full employment by next year. we'll have more on that. >>> another good sign for the recovery coronavirus cases are on the decline as the vaccine roll-out continues, but with new variants taking hd,ol are there roadblocks ahead more "powe

we will discuss this with rbc managing director karen want to save hundreds on your wireless bill? with xfinity mobile you can. how about saving hundreds on the new samsung galaxy s21 ultra 5g? you can do that too. all on the most reliable network. sure thing! and with fast nationwide 5g included at no extra cost. we've got you covered. so join the carrier rated #1 in customer satisfaction. and get a new samsung galaxy starting at $17 a month. learn more at xfinitymobile.com or visit your local xfinity store today. >> the labor market we are seeing is stagnating. >> i would call it disappointing and puzzling. >> it was softer than expected. >> this is good for those that want a big fiscal support. >> the stimulus we need depends on the pace of vaccination. >> markets are looking through to herd immunity. >> everything else will fall into place. >> the faster we get immunity, the faster we get back to pre-pandemic life and the faster the economy will be able to heal. shery: we also had january u.s. unemployment reports falling short of estimates. this as washington debates the merit

i have a chart from rbc capital markets that shows a proportion of upgrades of earning expectations. the total upgrade and downgrade going back more than 20 years ago. that's at about 71% right now. it cannot be much higher from now on. bullish companies are doing their best but they are trying to keep up with expectations. vonnie: that is great, thank you for sharing that story with us. this is bloomberg. ♪ . . . mark: president biden is urging congress to move quickly on the large infrastructure improvement plan. the president said china is poised to "eat our lunch." he was referring to chinese plans to invest billions in rail projects, automobile manufacturing, and environmental improvements. we will continue to follow that story and have more later on. house impeachment managers say today's focus will be donald trump's lack of remorse over the storming of the capitol and his lack of concern for those at risk. and that includes vice president pence. impeachment managers say he betrayed his oath of office by inciting his followers to storm the capitol. mr. trump's lawyers countered

rbc, morgan stanley have all said the same thing, this is not a story everyone is allocated to and theres still more money. do you have visibility on the same story? christopher: what we are looking at, and it is developing day by day because the information is coming in, from a position point of view we see people are not overweight banks. they are still overweight growth and growth type stocks, so money can move into the sector as the fundamentals change, and that's what we expect. another thing that would add to asset flows is when does the move from fixed incomes to equities happen? it is all about force and when we talk about force, it is about return. when people start moving money on fixed income assets, they think about liquidating or changing allocations and that is beginning. maybe in the next couple of months, we can see a bigger picture from the move from bonds to equities. jonathan: chris harvey, thank you, sir. yields have been higher through the month, up about 40 basis points, and banks rallying up money percent on the s&p 500. duration, in holding duration you have been

well, rbc capital says that it should be apple. the firm says that if the company were to enter into the crypto exchange business they could immediately gain market share and disrupt the industry more, and they say this is a potential revenue opportunity of more than 40 billion a year, and find out more about the idea behind the call at cnbc.com/pro. >>> all right. coming up, the stocks are running higher, and rates are on the rise, and down 60% from the holiday peak, and is this the recipe to be priced to perfection, and it is not just stocks we will tell you about a rather surprising corner of the market which is getting a lot of love lately. and everybody apparently loves oil again. that is right. crude oil on the rise, and the reopen trade heats up. the exchange is back. >>> this is "the exchange" on cnbc. 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 b

. >>> rbc giving apple an outperform rating and laying out a proposal for the company to get into cryptok to that analyst next in the mark zone. -- in the "market zone." dana-farber cancer institute discovered the pd-l1 pathway. pd-l1. they changed how the world fights cancer. blocking the pd-l1 protein, lets the immune system attack, attack, attack cancer. pd-l1 transformed, revolutionized, immunotherapy. pd-l1 saved my life. saved my life. saved my life. what we do here at dana-faber, changes lives everywhere. everywhere. everywhere. everywhere. everywhere. your grooming business is booming. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base. claim your seventy-five-dollar credit when you post your first job at indeed.com/groomer when you've got a business, you don't want to worry about slow internet or confusing cybersecurity. so get comcast business internet with fast, reliable speeds, and add the advanced security of comcast business securityedge. it combines the speed you need with

equity strategy at rbc.o see you again you've been doing surveys and talking to your clients to see what the impact of all of this has been on their portfolios i guess some people have made a fortune and lost a fortune on gamestop for those that haven't specifically, what are their concerns about what it means for overall market levels? >> so in terms of the big picture, when we've talked to investors about this some have been adversely impacted by not owning some of these names that have run and others it hasn't affected that much what they all have in common is they are wondering whether or not this is telling us there is too much risk in the market. this is another sign or symptom of excessive exuberance. and we certainly don't completely disagree but one thing we said in the note this morning is canary is often seen early. when you look back at the tech bubble in particular when i came into the business, people were very upset about all the money washing into technology funds. you really couldn't have go

talk about stimulus we talk about stimulus do you think there's an opportunity here for investors, rbc, right, you want to make money, that's kind of the point, to invest in the energy and power grid will that be a great place to invest the next five or ten years? >> i think this is going to be, you look at the biden energy plan it's a huge focus on, you know, pushing investment into renewables, into wind, into solar. this is actually somewhere we thought there was bipartisan support. look where these wind farms are. i think it's going to be very interesting, as we go into congressional action on the biden energy plan, you know, does this impact in any way the effort to provide tax breaks to wind and solar, something that we thought was very very bipartisan what does it mean about natural gas. again, under the obama administration, there was a lot of discussion about natural gas being your key transition fuel to reach this paris climate accord target. dealing with placement i think it's going to be interesting to see how this impacts those debates as we think about the legislative agen

rbc says apple should buy bitcoin.re's a lot of cash out there, not just apple, but tesla represents .03% of corporate cash holdings, so there's a lot they could buy into cricket-- crypto went bitcoin and dogecoin is the other favorite elon musk. 8 cents a coin and now worth over $10 billion, 10th largest cryptocurrency. market cuban i think he said it best and i just want to warn our viewers that dogecoin has no intrinsic value, but he says it's a better chance of winning than say a lottery ticket while teaching economics supply and demand. bottom line, you can speculate and you might make money doing it, but know what you are getting into. stuart: gambling. the second most valuable digital coin is ethereum and i believe that's also been hitting record highs. coming more, lauren. lauren: there is such a frenzy out there for digital currency. it hit 1800 and it's all about credibility right now so you have elon musk a story, of course, but also cmd once futures contract for either and we lead up to indicia-- investors

names like applied materials, lam research and kla i checked in with rbc's mitch steves and there's more news about the potential for a new government support for domestic chip manufacturing if that happens, mitch says these names can benefit. he has buys on applied materials and lam research stacy rasgon says one thing, what happens when the chip shortage eases up. do customers keep buying or will they overorder and take a pause as they work through inventory it's a big question that we don't have an answer to right now. what does a chip investor do here stacy says stick with stocks with long-term tailwinds and qualcomm and leveraging the 5g rollout and stacy says broadcom fits the bill there. back to you. >> josh lipton on the chip shortage >> pete, we asked the question what should an investor do and you, an investor bought amd calls. why? >> yeah. i think there are a lot of different opportunities out there, mel i'm already in marvel and i'm in the stock and the calls and i'm also in micron technology and a lot of that is the 5g exposure that you get out of those two names. >> and wh

an eye on in sydney, we have payments player zip leading the gains and bhp's record dividends which rbcs will drive even further income base re-rating. snap shares gaining ground and rising with the company back in the black. company group -- switching out the board, shares moving to the downside after regulators decided it is unfit to run its casino. the stock downgraded to a cell and holding under pressure despite the pickup it saw in the first half profit. treasury wine losing 6%, falling head of its results due wednesday. kathleen: we want to get to some breaking news from japan's number two men. japan is recovering faster than it did after the financial crisis. this has been underscored by the latest gdp report. with this, we go to the bank of america global research had. would you agree? izumi: i agree. i think the covid shock has been an exceptional shock and is resulting in an exceptional recovery. the key difference is we went into this crisis with the global economy having nothing fundamentally wrong. there were no excesses in the financial system and nothing blew up. what we

rbc capital markets and cnbc contributor helene kroft we have so many headlines. when they are going to get power back. you have shutdowns from various corporates what's the bigger story to you right now? the impact on oil output or the electric grid? >> i think the question is with the extreme weather event what is going to be the duration of this crisis. i mean, it's unprecedented in terms of what we are seeing in terms of the demand side and in terms of the supply side we have this demand shock. brian was talking about it he has 4 million people now without power and you have the simultaneous, you know, shut-in of production. there are reports this morning that we have 2 million barrels of permian production offline. associated gas production offline. i think it's important to keep in mind is that we could have these weather conditions ease the next couple of days. we have these discussions when we have weather events about is there going to be long-term damage, what is the duration of the crisis so i think it's going to matter when weather conditions improve,

rbc's mitch steefs has actually focused more on the q1 guidance the forecast from mitch nvidia stille best sector long in semis nvidia reporting as you mentioned the chip industry facing its most serious shortage in years the biden administration is now signing new executive orders to help create more secure and resilient supply chains for the semis specifically now sending out these formal reviews which can then become the basis for future action. back to you all. >> josh lipton, thanks so much for that josh brown, what is your view on the broader space, nvidia earnings as well to come, and the level to which these stocks have run up? >> i think nvidia is going to be tough from here just because they had such an incredible set of quarters and blow out raise in guidance. a lot of times you could see companies victims of their own success. i've written 30 and 40% multiple drawdowns. i understand it comes with the territory. right now it is a price to sell of multiples like 18 nobody who buys it here should think that all of the company's fabulous success and more is not already priced