so let's talk to scott evans he's the chief executive officer of recon africa and joins us via skype from dallas scott welcome to the program let me ask you 1st with all the meticulous work that goes into the search for oil how much on and gas is there offshore and on shore in the media west thanks gary for having me on the show where we're really focused on the on shore so i can answer this question for here and we're working which is the conveying collision so this is a brand new sedentary version recently discovered 8750000 acres northeast and northwest blood clot in the canada that we see over the 3rd party experts 100000000000 barrels that's been generated now that will all be recovered but we see it to be potentially the large key giant petroleum oil field sizes so significant resource and scott how does that then compare to neighboring countries and the rest of africa. well i think that it would you know again we're any expression face of there's uncertainty here but i think it would be comparable to some of the fields of steel say you know a new door next door. so we again we'

. >> thanks, scott welcome to "the exchange." i'm kelly evans.rship change in the market as energy and financials broke out along with sill version conquer and even bitcoin will this pattern continue into year end we will ask. plus a biotech warning traders saying vaccine stocks are starting to trade too much like speculative plays as moderna rallies 120% in a month a look at where it can go. and one firm getting bullish on airb

scott. welcome to "the exchange," everybody. i'm kelly evans. here's what's ahead this hour.eader mcconnell says a compromise is within reach on the stimulus and the president agrees we'll speak with one of the senators leading the jobless benefits push in just a moment. >>> plus, if you bought bitcoin and looking to take some profits, be prepared for a potential tax hit. we have the details. >>> goldman touts tesla. cars

. >> thanks, scott welcome to "the exchange." i'm kelly evans. november saw a huge leadership change in the market as energy and financials broke out along with sill version conquer and even bitcoin will this pattern continue into year end we will ask. plus a biotech warning traders saying vaccine stocks are starting to trade too much like speculative plays as moderna rallies 120% in a month a look at where it can go. and one firm getting bullish on airbnb before it even goes public first to dom chu with the state of play in markets hi, dom. >> reporter: the state of play right now is we're peaking into positive territory for the s&p 500 so we're kind of near the session highs had right now. as you can see very modestly it's flat but still it's green and not red. rising kind of steadily throughout the course of the morning. the dow industrials flat, down 20 points and the nasdaq, the underperformer, off .25 of 1%. taking a look at two key parts of the market. we're keeping a close eye on them right now one of them is what's happening with the ove

. >> thank you, scott and welcome to "the exchange" everybody. i'm kelly evans.d vaccinations begin albeit in the uk. are are the vaccine stocks a sell on this news? we will ask. plus, goldman raised its gdp outlook and jpmorgan says any market correction is a buying opportunity. is it? are people too optimistic. we'll debate and uber's autonomous losses, tesla's huge stock offering and apple is turning head today

scott. welcome to "the exchange," everybody. i'm kelly evans.p hitting new records as yields jump, all despite slowing job growth in know we'll dig no this seeming disconnect plus, home buyers are coming back for second. more americans are buying two houses these days can, and we're going to look at names that could benefit from that trend and petco goes public again. uber wants to be essential and options trading is the new sports betting it's all

scott. welcome to "the exchange," everybody. i'm kelly evans. here's what's ahead this hour. do we have a deal? senate majority leader mcconnell says a compromise is within reach on the stimulus and the president agrees we'll speak with one of the senators leading the jobless benefits push in just a moment. >>> plus, if you bought bitcoin and looking to take some profits, be prepared for a potential tax hit. we have the details. >>> goldman touts tesla. car buyers are shifting gears and an inside look at where recruiters see job growth. >>> let's have more from dom chu. >> bitcoin is the not only the only thing up. the market hitting record high levels, specifically with the s&p 500. goldstar and the nasdaq composite, both hit record levels the s&p up 0.2, outperforming the nasdaq, up about 0.50% one key places that's been playing catch-up in recent weeks and months has been the emerging market stocks. this particular tick etf, ticker eem has been lagging the s&p 500 but as of late has been up a huge surge if you take a look at this etf over the last two years, only up 20% bu

scott hi, everybody. welcome to "the exchange." i'm kelly evansahead on monday the rush to the exits. airbnb and dore dash are leading the ipo frenzy as year end fast approaches, but which have been the better bet this year, ipos or the new kids' back? don't seld your gold one wildly followed economist says don't be worried about their weakness and intel can't catch a break. a wall street lift and million

scott hi, everybody. welcome to "the exchange." i'm kelly evans, and here's what's ahead on monday the rush to the exits. airbnb and dore dash are leading the ipo frenzy as year end fast approaches, but which have been the better bet this year, ipos or the new kids' back? don't seld your gold one wildly followed economist says don't be worried about their weakness and intel can't catch a break. a wall street lift and millions for bob dylan. let's begin with the markets this hour. dom chu has more. >> reporter: lyft for a couple of different key parts of the market we're kind of floating near this fractionally down territory, the nasdaq, russell 2000 and dow all hit record highs on friday maybe not surprising to see a pullback nasdaq up one-third of 1% resuming the short-term leadership role we've seen most of the year. speaking of the nasdaq stocks, cloud computing. you talked about spacs and ipos. cloud computing has been a very hot part of the market this year take a look at the etfs. both track loud cloud computing companies, ticker wlc is at a

scott. here's what's ahead on "the exchange," i'm kelly evans the chase into year-end.eeze every last drop out of this year's winners. will it come to a screeching halt in january? we'll ask. >>> bitcoin soars to new highs extending a wild rally the last few months we'll speak to paypal about what's driving this demand ipos, 65 tech companies made their de

scott. welcome to "the exchange," everybody. i'm kelly evans. we're on breakout watch, the dow and s&p hitting new records as yields jump, all despite slowing job growth in know we'll dig no this seeming disconnect plus, home buyers are coming back for second. more americans are buying two houses these days can, and we're going to look at names that could benefit from that trend and petco goes public again. uber wants to be essential and options trading is the new sports betting it's all ahead this hour, but let's start with the marks and some of the records. dom chu has more fours. >> a whole slew of different records. mentioned some of them out, the dow industrials, the s&p 500 gold star, nasdaq composite gold star, each have hit report highs so far in trading and you can see right now the dow industrials half a percent gain and same for the nasdaq and 3692, last trade on the s&p 500. speaking of the last three another key part of the market that we've been watching that hit another high today, and that's the small-cap stocks, up here to day%

. >> thank you, scott and welcome to "the exchange" everybody. i'm kelly evans. ahead, it's v-day, pfizer's covid vaccinations begin albeit in the uk. are are the vaccine stocks a sell on this news? we will ask. plus, goldman raised its gdp outlook and jpmorgan says any market correction is a buying opportunity. is it? are people too optimistic. we'll debate and uber's autonomous losses, tesla's huge stock offering and apple is turning head today that's all coming up and, first, let's hit the markets a. >> markets have moved higher to put the nasdaq and s&p at record highs with the dow 1% from yesterday's intraday high. the level to watch is 30,200 that was a weird looking 3 30,333 watch that level among the stocks to watch, stitch fix trading it at an all-time high, trading at 40% after expectations for double-digit growth, shares up 370% from the march. year-to-date up almost 100%. finally, take a look at the home builders among the worst performers in the s&p today as they follow toll brothers lower and that's despite on being on every metric, the luxury ceo s

scott. here's what's ahead on "the exchange," i'm kelly evans the chase into year-end. investors squeeze every last drop out of this year's winners. will it come to a screeching halt in january? we'll ask. >>> bitcoin soars to new highs extending a wild rally the last few months we'll speak to paypal about what's driving this demand ipos, 65 tech companies made their debut raising $39 billion. can names like instacart and robin hood keep the strength going into next year we have a preview. let's begin with a check of the markets. dom chu has that for us. >> the color of the day is green. a lot on the screens dow industrials up just 105-point gain not that bad it's about a third of the percent upside s&p, 3716 the last trade there, 0.50% gains. nasdaq for the composite index leading over 0.50 gains. s&p and nasdaq hit record intralevels today as well as the russell small cap. what's happening with the home builders specifically lenar because it came out with better than expected profits and revenues. you can see here there's been this kind of consolidation move in recent

. >>> thank you very much, scott, and welcome to "the exchange." everybody. i'm kelly evans.n revolt. when facebook and honeywell trade at the same forward multiple is the market getting out of whack we'll look at whether stocks are too pricey and if so which ones. plus, individual investors have jumped head first into the markets this year and proved just how powerful a force they can be we'll look at their influence and who benefits most from it, and a major player warns on oil prices dan jergen says crude is trapped in

scott. welcome to "the exchange." i'm melissa lee in for kell evans. here's what's ahead.ber for a record. are we setting off for more gains or did the november jump steal from the santa claus rally? plus, betting big on beauty. sephora will open hundred of shoeps in kohl's stores. and an inside look at just how hard airlines are going to lure back c

scott hi, everybody. welcome to "the exchange." i'm kelly evans. what a day we're certainly putting the dash in doordash today, huge, huge demand for the company's ipo the stock is surging at the open it's up 78% right now at 182, the indicated range briefly touched 200 which would have been pretty much a double. what is it all telling us about the market today we'll have all details. >>> plus, fresh warning signs for stocks, record high valuations by one measure and sell signals close to being triggered and a big day for disney s.robinhood next to go public and a 29-hour work party. let's start with doordash. let's bring in deirdre bosa and leslie picker to kick things off for us deirdre, i don't know if we should extrapolate anything about this company, or if this is just telling us what kind of market and investor chase there is for alpha right now. >> it's pretty remarkable. i mean, this was a $16 billion company earlier this year and now we're seeing it trade above $50 billion, but it really does -- yes, the market may be looking a little frot

. >>> thank you very much, scott, and welcome to "the exchange." everybody. i'm kelly evans. evaluation revolt. when facebook and honeywell trade at the same forward multiple is the market getting out of whack we'll look at whether stocks are too pricey and if so which ones. plus, individual investors have jumped head first into the markets this year and proved just how powerful a force they can be we'll look at their influence and who benefits most from it, and a major player warns on oil prices dan jergen says crude is trapped in virus alley and could stay there next year. he joins us to explain let's start with the markets this hour. bob pisani has the very latest for us hi, bob? >> hello, kelly. essentially this is the market that will not give up. concerns about vaccine, concerns about stimulus, doesn't seem to bother the markets at all. we're sitting essentially at new highs. let's not quibble at the tenths of percentage points, the dow, s&p, nasdaq have had a good month, sitting near record highs here as it has happened for the last six months, the big-market stories a

scott hi, everybody. welcome to "the exchange." i'm kelly evans.t a day we're certainly putting the dash in doordash today, huge, huge demand for the company's ipo the stock is surging at the open it's up 78% right now at 182, the indicated range briefly touched 200 which would have been pretty much a double. what is it all telling us about the market today we'll have all details. >>> plus, fresh warning signs for stocks, record high valuations by one measure and sell signals close to being triggered and a big day fo

scott. welcome to "the exchange." i'm melissa lee in for kell evans. here's what's ahead. bulls taking charge to kick off december for a record. are we setting off for more gains or did the november jump steal from the santa claus rally? plus, betting big on beauty. sephora will open hundred of shoeps in kohl's stores. and an inside look at just how hard airlines are going to lure back corporate travelers as they try to cut into their cash burn. let's start with the market movers and dom chu. >> reporter: you would think after the best month for the dow since january of '87 that things would temper off just a little bit here but, no, we've got a nice green screen across the board. dow industrials up 260 points, off the highs of the session we were up more than 400 points or the opening bill so 1% gains. 1.25% gains, 3667 for the s&p and the nasdaq reassuming that pole position, that leadership spot, up 1.33% 1257 for the last trade on the composite index. one of the big themes that shaped up over the last month is the real outperformance of small-cap stocks versus large-ca

. ♪ >>> thank you, scott welcome, everybody, to "the exchange i'm tyler mathisen in for kelly evans onbefore christmas. here's what's ahead. what's the deal with stimulus in the president calling on congress to change the bill. the hard fought bill, but markets seemingly unfazed by another chapter in the d.c. drama. the latest drama for you there, plus the winners on this stimulus bill such that they can be counted including one stock up more than 200% this year. the name and what could catapult it even higher and a push to unionize amazon workers, a warehouse gold rush and high scores for gaming stocks i

. ♪ >>> thank you, scott welcome, everybody, to "the exchange i'm tyler mathisen in for kelly evans onhis wednesday before christmas. here's what's ahead. what's the deal with stimulus in the president calling on congress to change the bill. the hard fought bill, but markets seemingly unfazed by another chapter in the d.c. drama. the latest drama for you there, plus the winners on this stimulus bill such that they can be counted including one stock up more than 200% this year. the name and what could catapult it even higher and a push to unionize amazon workers, a warehouse gold rush and high scores for gaming stocks in 2020 that is all ahead in our rapid fire segment, but we begin with the markets and dom chu with the numbers, green numbers today >> high scores for a lot of parts of the markets, not just the gaming stocks. a 250-point gains nearly for the dow jones industrial average, almost 1% at this point here 3708 the level for the s&p 500 that represents a half a percent. still though a very, very decent gain on today and the nasdaq composite lagging, only up about .2 of 1% where

scott. hi, everybody. happy monday merry christmas. welcome to "the exchange." i'm kelly evans.led and delivered goldman boosting its first-quarter gdp effort to 5% growth after president trump signed the stimulus bill is the market overreacting as stocks keep surging? dow up 325 at highs today. we'll ask. >>> plus, why this recession could mean a more rapid recovery is ahead than we've seen in the past does that justify these market moves. >> reporter: we will dig into is it t. >>> plus wonder woman" wobbles for some, video game

scott. hi, everybody. happy monday merry christmas. welcome to "the exchange." i'm kelly evans. sign, sealed and delivered goldman boosting its first-quarter gdp effort to 5% growth after president trump signed the stimulus bill is the market overreacting as stocks keep surging? dow up 325 at highs today. we'll ask. >>> plus, why this recession could mean a more rapid recovery is ahead than we've seen in the past does that justify these market moves. >> reporter: we will dig into is it t. >>> plus wonder woman" wobbles for some, video games go wild and the gold/bitcoin battle. amazing. look at that price for bitcoin we'll start with the market and mike santoli is here with more on that. mike, you say today has kind of a reopening feel to it. >> it certainly does every time you think the vaccine optimism may be priced not market, i joked every day that passes presumably is a day to when we're fully back to normal so maybe that's the reason to buy some more. let take a look at the mainly or indices. real synchronicity between the s&p and nasdaq happens sometimes when apple is a bi

. >>> scott, applying the whip here to bring them home across the finish line. good afternoon, everybody. welcome to "the exchange in for kelly evansi'm tyler mathisen a tug-of-war between virus worries and virus relief a new covid-19 variant abroad and stocks are making a comeback with the dow now surging ever so slightly into positive

. >>> scott, applying the whip here to bring them home across the finish line. good afternoon, everybody. welcome to "the exchange in for kelly evans, i'm tyler mathisen a tug-of-war between virus worries and virus relief a new covid-19 variant abroad and stocks are making a comeback with the dow now surging ever so slightly into positive territory. it happened just moments ago the question is where do we go from here? plus, a closer look at what's in that latest round of stimulus. how quickly people in businesses could see relief, and what it may mean for the recovery. >>> and from beaker to bulk production, we check in with one company that makes components for the vaccine on how that rollout is going can they keep pace with demand we begin though today with the markets and mr. santoli. mike >> reporter: tyler, thank you very much. been dip buying active since the open really a modest decline in the s&p right now, a little more than half a percent. the low in the morning was about 36.36 so in the morning we swept away most of december's gains. back to late november levels here we are the dow a little bit green. check out the dow

ross sorkin, along with a singing and dancing morgan brennan, scott wapner is here as well, in for joe and becky, and a big shout out to dave evansnd does it brilliantly it's an extraordinary thing. as we're all getting ready for the big holiday tomorrow, and getting things, i got to go do some shopping. we were talking about, scott, we didn't talk to you at the top of the 6:00 hour, has all the shopping been completed or is there anything to be done today? >> it's all done it's all done, and i think -- >> good for you. >> the way that i did it, speaks to the kind of year we're in, you know. >> all online. >> i didn't set foot in a store. it's just the way it is, but i'm done and i'm happy to be done. >> i'm behind, and i may have to step into a store today, but don't tell my family let's show you u.s. equity futures at this hour right now, we're about an hour and a half before the market opens, and it looks like it would open about 53 points higher on the dow, s&p 500 looking to open 6 1/2, nasdaq up about 16 points. we should mention u.s. markets close at 1:00 p.m. eastern time today. european markets are closed all day, morgan