seema mody is back with that and your morning's other top headlines. >> good morning. uk government has approved the astrazeneca oxford covid-19 vaccine. first doses are being released today so that vaccinations will begin early in the new year. it added that it aims to supply millions of doses in the first quarter as part of its deal with the uk government it supply up to 100 million doses in total. shares are up on the development. in other vaccine news, moderna says that it will offer its new covid-19 treatment to its own employees, contractors and board members according to the "wall street journal" oig, t, the com says it is aimed at providing an additional layer of protection to workers delivering the vaccine and that the program would be separate from the doses committed to the u.s. government and chinese vaccine developer sinopharm said interim results showed a 79% efficacy rate the result clears the minimum requirements for chinese regulators and the group has applied for market approval. >>> and hedge fund manager reportedly eyeing a move into venture capital

let's bring in seema mody. >> at the council of foreign relations this morning larry fink acknowledginghat bitcoin has caught the attention and the imagination of many people it's still untested. pretty small relative to other markets. and he says it is seeing big, giant moves every day but it's a thin market. can it evolve into a global market fink said possibly he noted having a digital currency has a real impact on the u.s. dollar, making it less relevant, not for americans but international holders of dollar-based assets. he did also raise a question that i think many economists and embassy tifs a executives are wrestling with. are there other ways to efficiently transact overseas as well as here in the u.s. fink really joining a prominent number of high-profile voices, melissa. the move we're seeing in bitcoin and currency in general is activating a discussion. >> seema mody, thank you bitcoin is just about as record high a rewards credit card will give you bitcoin instead of cash or miles. and mizuho claims bitcoin is boosting engagement. dan, great to have you with us >> thank yo

it's time for rapid fire here to break down the headlines are come nick chu, seema mody and jon forttto see everybody intel under pressure, the worst performer in the dow after a new report said apple is targeting a debut as early as next year for the next series of new math processors intel on its worst pace since october and it's coming after its first nine-day winning streak in three years be a the shares have really struggled to recover. they really fell below their march lows on the next generation of processors jon, this story, i think, has -- everybody should care about it, and before we get into all of that a question for you. these new apple ships everybody is raving about. does apple manufacture them in this country, are do you know? >> i don't know generally apple would use somebody like tsmc for manufacture of its chips tsmc has said they are moving manufacturing capacity and that's for u.s. customers including apple so as apple builds more of its chips into its devices going forward i would expect to see more of that manufacturing come here to the u.s. but we'll see. >> y

seema mody as more on that good morning >> good morning. this will be one to watch.erome powell will emphasize the importance of lending programs put into place during the pandemic according to prepared remarks released, powell will explain how the programs have been crucial in keeping the current economic fallout from becoming worst and secretary mnuchin announced that he would end several of those emergency loan programs meant to keep credit flowing to state and local governments as well as businesses in terms of the economy, powell expected to offer a luke warm outlook stressing it will be dependent on the progress of the virus. >>> meanwhile the head of the fda is reportedly set to head to the white house today to face questions over the approval process for pfizer's covid-19 vaccine. according to axios, stephen hahn has been called to the west wing for the meeting this morning to explain why he hasn't moved faster to green light the treatment. in a statement hahn said in part the agency scientists have too make the decision and they will take the time that is ne

seema mody is here covering the big business of travel for the u.s.nd i guess it is a big business normally slightly less big this year. >> yeah, that is right more than 960 million hotel room nights have gone unsold this year and on track to reach that 1 billion number by christmas, that according to sdr. it is certainly a milestone that the industry never really thought that it would see and it reflects how covid has challenged the broader covid sector occupancy rate continues to fall we're at around 38% here compared to the 60% rate we were at in december of 2019 and even with the latest in this bill providing some relief, hotel owners that i've been speaking to, they say it may not be enough. >> long way to go before we get back to some normalcy in terms of the customers, in terms of operations for us. i think the industry as a whole, i think that it will take a good 12 to 18 months before we get to some normalcy in the travel industry >> and he owns nine hotels across the east coast. pre-covid, he employed about 200 employee, but with limited bre

seema mody is in bridgewater, new jersey with more >> these containers can stain dry ice.n different sizes this is a large block would you esao inside a fedex truck. the ones in demand for hospitals are in the form of a palette that you can find inside of a pfizer vaccine container that holds that vaccine at that subarctic temperature. chris vita says the average size of orders placed by hospitals ranges around 170 pounds when it comes to dry ice, you cannot stockpile it because over time it turns back into a gas ands that why he says hospitals are trying to set up contracts with his facility to enthsure te can come back for retilfills. there's a lot of confusion people don't know how it will be stored, how it's going to be shipped and how much do we need? it's doubled our volume of business >> speaking to a number of different distributors across the nation acme dry ice says their team is going to work through the holiday to fulfill every order that is coming in. >> we're definitely working through the holidays listen, the vaccine has to keep on the move. so there is no s

here to break down head lyons, brian kelly and seema mody and steven kovac welcome, everybody anotherecord high for bitcoin. just crazy watching it the cryptocurrency went above 28,000 only broke above 20,000 a couple weeks ago and then pared those gains. this is a three-month meteoric rise now, its longest win streak in over a year the controversial crypto may also be edging closer to the mainstream according to cnbc's quarterly stock report which is out today, 58% of those surveyed said their clients will most likely buy their first bitcoin in 2021. 33% said they will get into spacs next year and 9 boston are considering their first options contract sully, what do you think >> listen, if everyone is piling into an asset class or commodity or whatever you want to call it with very fixed supply, what do you think is going to happen to prices i think the biggest bitcoin bull case, say that ten times fast, you can make, is there will only ever be 21 million i understand they divide them up, but as a macro level there's only 21 milne yo 18.are 5 million have been mined. can you imagine,

i'm seema mody. wall street is set to open higher adding to yesterday's rally which saw the dow, nasdaq and s&p 500 close at new record highs. the gains came after president trump signed the $900 billion coronavirus relief package including help to most americans. stimulus, vaccine rollouts and continued economic support creates a positive backdrop for stocks going into 2021. the s&p 500 is up 15%. the nasdaq more than 43%. investors flocking to apple, amazon, facebook among others. in focus consumer confidence. >>> boeing 737 max is about to fly with passengers in the u.s. for the first time in nearly two years. american airlines will use the jet on a roundtrip flight from miami to new york. american wouldn't say how many seats it's sold but only one ticket was still available as of yesterday morning. some flyers are still nervous. samsung's struggling business is getting new life. as the demand is high, smart phones and computers. samsung says production will continue through the first few months o

mike santoli, seema mody and bob pisani joining us for "rapid fire" today. >>> still ahead, we're a littleess than 20 minutes away from the fed's last decision on interest rates in what has been a wild and you precedented year. bring that to you right at 2:00 p.m. eastern, but first telehealth stocks are tanking as one tech giant may be looking to e deilar the space thtas e next on "the exchange." good to know. like where to find the cheapest gas in town and which supermarket gives you the most bang for your buck. something else that's good to know? if you have medicare and medicaid you may be able to get more healthcare benefits through a humana medicare advantage plan. call the number on your screen now and speak to a licensed humana sales agent to see if you qualify. learn about plans that could give you more healthcare benefits than you have today. depending on the plan you choose, you could have your doctor, hospital and prescription drug coverage in one convenient plan. from humana, a company with nearly 60 years of experience in the healthcare industry. you'll have lots of doctors a

. >> s&p 500 up about a percent as we stand it is time for a cnbc news update with seema mody. >> joehosen pete buttigieg to be his transportation secretary also announcing that during a conference call with republicans today mitch mcconnell warned them -- mcconnell told them it would be a terrible decision to go on the record against trump. >>> peter my guard has been charged with sex trafficking >> peru, police officers dressed as clause is and an elf helped raid a subpoenaed drug house allegedly arresting a gang i leader and four others they say the costumes were meant to add an element of surprise to the raid back to you. >> i would say so. seema mody, thank you. >>> up next, new york has just begun its latest ban on indoor dining striking yet another blow to the restaurant industry we will asked famed restauranteur danny meyers if new york restaurants will be able to weather a rough winter next looking for $6. $6 over there! do i hear 7? $7 in the front! $7 going once. going twice. sold to the onion lover in the front row! next up is lot number 17, a spinach and artichoke dip, be

. >>> good morning, i'm seema mody.nvestors keeping a very close eye on the stimulus d discussions down in washington. congressional leaders have been closing in on a $900 billion plan that would include direct payments. stocks still at or around record highs after the federal reserve promised, once again, to stay the course and helping to steer the economy through this pandemic. in focus today, data on housing and americans filing jobless claims and earnings from shipping giant fedex. cvs will pay special bonuses to 250,000 employees to reward them for their help during the crisis. cvs paid bonuses ranging from $100 to $500 back in march. the drugstore chain provided access to covid testing and will administer vaccines in nursing homes and other long-term home facili facilities. >>> wednesday is the last day to be eligible for that one-day delivery. thursday the deadline to get same-day delivery which is free for prime members on orders over $35. you can get two-hour grocery delivery which is reserved exclusively for p

i'm seema mody for cnbc business news with your morning report.et set to open sharply higher on the first trading day of december following a very strong november for wall street with the dow gaining nearly 13%, its best month since 1987. the s&p and nasdaq seeing their best month since april. so what's fueling stocks? positive vaccine trials, hopes a vaccine will improve the economic outlook for the u.s. and other parts of the world, plus earnings season. the third quarter has come in better than what analysts were predicting. manufacturing activity data out at 9:00 a.m. eastern, plus fed chair jerome powell speaking in front of the senate banking committee. powell says the economic recovery is, quote, extraordinarily uncertain. >>> turning to corporate news samsung may discontinue its gallaxy note phone. analysts say sales of the note are expected to drop about 20% this year. part of that due to competition and others saying it's due to less demand for high-end smart phones. >>> the nfl game between the arizona cardinals and san francisco 49ers

. >> you bet >> now over to seema mody. >> it's not just the airlines under pressure all falling a europes the rehave the trade og nation followed quinn. on a day reich and you've been sizing up the opportunities in airlines and you actual will you luck willsouthwest a lan so they've been buying up roults during this -- all year. so not just in the u.s., some in mexico, but largely resort kind of oriented roots. and then they've been the most efficient at cost cutting of all the u.s. airlines. and you add in that those rising energy prices are impact that due to lack of hab and this and we actually own it >> and, quinn, you look it the these in general they've had it it it whether it's is there a time that you think you'd be more comfortable, buying, whether it's a from i think i would be very, very patient. this is sfm and after the news over the weekend it makes a ton of sense but there's just so much opportunity out there i'm just not sure that an investor needs to take a shot at something that is owe headline risk driven. all of a sudden you wake up and your stock is down 4 or 5% we t

seema mody has more on that story.ou know >> it's a starting number. 980 million hotel rooms unsold in 2020. it's why so many high profile hotels have had to shut their door this is year. in new york, hilton times square and the roosevelt and midtown among others in total, nearly 40% of hotels in midtown manhattan have fallen behind on debt payments. the key question now, how quickly will travel rebound with a vaccine. 5,000 to 10,000 people have been surveyed on a regular basis and found in the last couple of weeks more people are texpected to travel. guys >> seema mody, thank you. >>> energy stocks rally and the ceo of volkswagen speaks out about the push into electric cars experience the wonders of the mexican caribbean at nizuc resort & spa, where paradise is personal. nizuc is a world to discover unto itself, day or night, indoors or out. something wonderful awaits. people are saving hundreds in a land not so far away, on the most reliable network with xfinity mobile. they can choose from the latest phones or brin

. >> all right now we move to seema mody. >> emerging markets breaking out to their nearly hi-- highest are these gains justified? let's bring in the "trading nations" team. the disconnect could not be wider in a company like india where it just had a recession but the market at an all-time heim >> we thought we might be reengaging in global synchronized growth in 2021. i think what the stock markets are sniffing out around the globe is that is likely post the winter covid effects, that is likely to be what we will experience so we've taken isa two-prong approach we have a global strategy by my partner, he began increasing exposure with ems first with china and then added in high want and japan, which is not an em, i'm well aware but really playing the asian technology growth space and in our client portfolios we've been doing the same, adding to em and in the u.s. portfolios companies that do business in emerging markets. >> there are some countries that have contained the virus better than others. is that why you're bullish on south korea here >> yeah. for em broadly we would outside

i'm seema mody disney's under pressure and warner brothers throwing a curveball to the blackbuster businessina, what is the number one thing you would like management to address >> i think management has to manage despite 73 million membership, they have to get themselves out of the big hole they lost 52% in parks revenue, 51% in studio revenue. and we need to see sort of the plan to get up and out of that vaccine distribution isn't expected until about mid-year. does that mean their park can get back up to full capacity during the summer months those are the questions that need to be answered. >> yeah. in the meantime, bill, it's direct-to-consumer segment, it's one of the reasons citi upgraded to 175 a share, a street high. where do you see it headed >> make no mistake here, this obviously is a reopening narrative. look what the stock did on march 9th. it's surged out above and held technical ground you're getting a new record high and i like buying things that are making record highs. you know there's a backstop now, a lot of support but again, this move here, i think the streaming can p

i'm seema mody for millions of merps, the last round of stimulus checks served as a lifelines, for others it offered a chance of opportunity, a chance to buy stocks security trading was one of the most common uses across every income bracket with the house voting to increase payments from $600 to $2,000, which americans can benefit from having a little more cash on hand? mark, you hold a view that rather than investing in some of the large cap tech names that have done so well, you think some of the money will go into the smaller that have a cult-like following. >> without a doubt happy holidays i'm looking at where the are robin hoodies going to invest? of course they're going to buy a tenth of a share of tesla, a deliver of bitcoin a company i own, a derivative play on bitcoin is silver gate capital. it looks more like a tech company than a stodgy old bank and they serve all the clients no other banks want to touch, thin tech and digital currency companies like coin base and ch crackin and big time companies maybe you thought i want to invest in crypto, but i'm worried about the lack of

. ♪ >>> good morning i'm seema mody in for brian sullivan hope everyone had a great and festive christmashere's how money and global markets are setting up the day the last week of 2020 and futures pointing to a higher open on the news of the stimulus bill dow jones up 1635, nas cac up 76 and the s&p 500 a higher open by 25 points. this after a relatively muted week amid this christmas holiday. the dow and nasdaq eeking out slight gains the s&p 500 wrapped up the week with a slight loss the russell 2000 small cap index climbing more than 1.5%, the eighth straight week of gains, it's the longest weekly winning streak since february of 2019. with four days left in the year the nasdaq on pace to be the winning index up more than 42%, vastly outpurchasing the dow and s&p which are higher for the year by around 6% and 15% respectively also want to check in on the price of bitcoin it continues its record run. it's currently sitting at 26,804, after topping 20,000 over the weekend certainly got a lot of attention from family members at the dinner table and also breaking through a number of recor

seema mody has a look at the beaten down travel sector. holland is covering the logistics of the moderna vaccine romout -- rollout and julia boorstin looking at another spac deal, this time real estate company open door which started trading today. seema, you get to go first. >> the new reports of the coronavirus strain, asia issues a travel ban germany, france, india, among nations suspending air travel from the uk in an effort to keep this new strain from spreading and countries like belgium that connect with brightan via a tunnel are banning all passenger travel the u.s. is not following suit i reached out to the state department to see if they would change that and am awaiting a response hotel occupancy been on the decline, right around 24% compared to 38% we're at here in the u.s., but these restrictions in general, they are seen as a setback for pretty much all parts of the travel story. hotels, online travel, operators, even the cruise lines are trading down, but they are not -- they are not down as much as they were earlier today,

i'm seema modi we are watching starbucks with investor day kicking off in less than an hour they areng to share how they are with the pandemic. the trading nation team is mark newton, steve chiavarone steve, does it make sense that starbucks is trading in record high territory where you see same stores fall in the fourth quarter and even the prior quarter? >> well, without getting too much into details on starbucks, we're big fans of the consumer we think that the consumer is going to surprise to the upside next year. disposable income is 5% higher than it was a year ago the savings rate is at multidecade high and and consumers are sitting on roughly $1.5 trillion of excess. we think the vaccine is a gis returning home from world war ii moment, where we all want to go places we can't go, do things we can't do today and we're not overly concerned about how much it's going to cost some of those things we'll want to do is go out to eat and visit family we can't see over the holiday. consumer services is an area we're overweight hotels, casinos, cruise ships and, yes, restaurants. as a b

the big headlines, including just how close congress may be to getting a new relief bill passed seema mody is here with that and more >> good morning, brian congress appears on the verge of reaching an agreement on a virus relief bill after a month's long stalemate. leaders are increasingly signaling they are ready to sign off on the main elements including direct payment to americans, small business aid and covid distribution funds leaders say the fine details remain if a deal is not reached by tomorrow, the government will shut down on saturday and 12 million people will lose unemployment benefits the day after christmas. >>> meantime knmoderna's advanv could receive approval today and extra doses of pfizer's vaccine can be used after reports of some doses being thrown away after confusion. they were throwing away one in every six doses of the first round of treatments because of the issue. >>> and in technology, we're watching google facing a new antitrust lawsuit, ten states led by texas have filed a legal, a claiming google unlawfully acquired, attempted to acquire or maintain a monop

it is rapid fire here to break down the headlines are robert frank, seema modi and mike santoli we wantwith this booking boom coming off the airbnb ipo moments ago seema spoke with the ceo of one of their biggest rivals today, bookings ceo glenn fogle >> i do believe that happening with this pandemic move forward, people now believe the home is the place to stay sometimes. they're going to look through next year, the year after and say, not sure home or hotel and then they'll make a decision the great thing about booking.com is we have the greatest, greatest list of both homes and hotels so, we're very well positioned for this >> of course, sounding a positive note there, seema, but why are some analysts calling for a deep freeze on the home rental market? >> it is worth noting home rental demand, yes, it's been stronger than hotels during the pandemic, but since the summer, the rate of bookings has actually declined. if you take a look at earnings from some of the other big travel operators, booking holdings, case in point, big operators, alternative accommodations, accounted for a sma

it's time for rapid fire here to break down the headlines are bob pisani, seema modi and phil lebeau.esla is making a u-turn, upgrading buy from neutral, raising their price target by more than 300 bucks to 780 that would be almost $4,000 presplit and nearly 40% upside from here. this after the firm downgraded the stock to neutral in june citing red flags like price cut and delivery backlogs. the stock has tripled since then phil, a third of this you could say is about the auto business on that front they celek vehicle adoption, and 40% of the mix next year being the model y. >> yeah, those are all the reasons why goldman believes that tesla is prime to move higher i think the most interesting one, and the one that probably will have people saying, wait a second, do we really think this adoption will take place, is that first point you made, which is you have so many new electric vehicles coming into the market. and while that is good for the market overall in terms of people being more interested in electric vehicles, it depends in terms of what type of volume they get when they were

now vacation destinations fighting back, like lake tahoe straddling the california/nevada border seema mody brings us the vacation rental backlash. >> reporter: tahoe and several other communities are pushing back against the new giant in the travel industry, airbnb. officials in this beautiful town overlooking the spectacular lake and majestic mountains known for being an all-season vacation haven for the rich and the famous sent a letter to the company telling them to make sure anyone renting in the area know the rules the letter to airbnb warns the company that authorities are looking at options to penalize short-term rental operators who rent their properties during this time. this comes amid a new order from the california governor's office prohibiting reservations for non-essential workers. town officials are warning they'll pull operating licenses if they have to, and they want to be informed if they find out that local renters are breaking the rules. they also fear that people fleeing the virus in big cities like san francisco or l.a. will bring covid in, clog up limited hospital sp

vaccines means more dry ice, and more dry ice can be riskier for workers along the supply chain cnbc's seema mody now explains how they're being protected. >> reporter: dry ice is playing a vital role in keeping the pfizer vaccine at that ultra-low temperature. however, it does present a unique challenge over time, dry ice, a solid form of carbon dioxide turns back into a gas and too much in a confined space can be hazardous. >> exposure to co2 can cause dizziness, disorientation, headaches, fatigue. >> reporter: it's why workers involved in boxing, shipping and delivering the vaccine are wearing co2 detectors, one of which is made by honeywell. >> we're protecting workers throughout the supply chain, including those involved with vaccine packaging, shipping and storage. we're working with key transportation and logistics companies as well as vaccine manufacturers. >> reporter: honeywell says it's seen a 60% increase in shipments of its detectors in the past month and has been working to expand production to ensure there's enough supply. the industrial giant is also conducting tests with some air

seema mody, thank you, and merry christmas. >>> the airline sector has been hit hard, sliding again onn of covid-19 joining us is to talk about the outlook is helene. good to see you this morning. >> thanks for having me. the it's almost doubled off the march lows, remains more than 30% below the january peak here, though, what is your outlook on the airlines as we head into 2021 given the fact that we do have vaccines rolling out, albeit, still pretty modestly at this point >> we think it's going to be a very tough first quarter we still think it will take three years for demand to rebound to prepandemic levels. >> why three years that's a long time. >> there are a couple of things to consider. one, there are a lot of people who don't have money to travel two, there are still a lot of people who are fearful of traveling and three, the airlines are going to be smaller over the next couple of years as they try to get back to cash flow break even. we think that in order for them to get there, they need to be business or they need to be down 50% versus 2019 levels versus where we are now,

thanks so much >> before we answer, jackson from houston, let's bring in seema mody >> it certainly isillion rooms left empty this year that's a milestone the lodging industry never thought it would see. it reflects how covid to more remote locations and decline international tourism challenged the sector going into the new year, their rate continues to fall as covid cases rise as 38%. that's one of the reasons why many high profile hotels had to shut their doors this year nearly 70% of properties in houston and 50% of chicago hotels have fallen behind. the promise of a highly effective vaccine prompted a rebound in marriott, hyatt and both of those shares up 30% in the past two months. how quickly will travel pick up? more americans are getting more comfortable with the idea of taking a vacation four to six months from now but the key question is will they pick a hotel or air bnb that's a good question seema. >> we'll get to air bnb in a second we want to answer the questions on hotels. tim, what's your answer to jackson? >> my answer is i think if you can be a longer term player than

. >>> i'm seema mody, here is your covid update at this hour.dent-elect joe biden will accuse the trump administration of "falling short" on the pace of covid vaccinations and how his own plan to speed them up in comments following a meeting with his covid advisory team that, according to a transition official speaking with nbc news. >>> vice president-elect kamala harris is set to get her covid vaccination today, about one week after biden got his shot. >>> we're continuing to see an increase in people traveling by airplane the tsa says it screened 1.1 million passengers yesterday, the third straight day after christmas that screenings topped 1 million. dr. anthony fauci telling cnn it's too late to prevent holiday travel people should try to avoid large gatherings, warning january could be worse than december, which is already the deadliest month of the pandemic. morgan, back to you. >> thank you >>> markets near all-time highs and the economy struggles. steve is looking at the data in his rollback barometer >> good morning. we end the year wi

. >> seema, that is a great look, along with frank, at some of the logistical challenges here and we'll see how to the degree to which uk is a test case. seemo mody>> markets a tight range today, although mostly in the red, just slightly, dow down about 17. s&p trying to hold 3685. we're back aer bakft are in as ae as you are... don't settle for silver ♪ gold bond champion your skin >>> here is your cnbc covid update at this hour. this morning, we've been showing you 90-year-old margaret keenan, the british woman made history by becoming the first person to receive a fully tested government-approved covid vaccine. so now let's hear what she had to say after getting the pfizer biontech shot. when she was asked what her message is, did anyone worry about getting it >> i say go for it it's free and it's the best thing that's ever happened at the moment, so do, please, go for it that's all i'll say, you know? if i can do it, well, so can you. >> we want people to understand the virus is alas still rising in some parts of the country it's amazing to see the vaccine come out, it's amazing to see this tremendous shot in the arm for the entire nation, bu