seema mody has more on that and the morning's other top headlines. morning to you, seema >> good morning, dom tesla has begun deliveries of the y model in china it's unclear how many model y vehicles were delivered or whether they were delivered to employees or to retail customers. china, which is the world's largest ev market is seen as critically important to tesla and its growth strategy. the company wants to increase sales volume from 1/2 a million to 20 million annually over the next decade. in other news, social media platform parler, it's resurfaced the company's web site is back online, thanks in part to support from a russian owned technology company this after amazon stopped providing its cloud hosting services, following the deadly riots at the u.s. capitol. parler's ceo said he's confident the site will be fully up by the end of the month its app remains banned from the google and apple stores. >>> and the u.s. has surpassed 400,000 deaths related to the covid-19 outbreak. this as president-elect joe biden promises to block an executive o

i'm seema modi from cnbc business news. stocks set to open higher ahead of biden's inauguration tomorrow and a flood of earnings report that wall street will be keeping a close eye on. the markets did suffer its worst week last week since october, where the dow fell 1%. the s&p 500 and nasdaq down about 1.5%. traders say this week they'll be focused on the inauguration to see if things flow smoothly and also to see if republicans in the senate will approve biden's agenda. earnings in focus today, it will be goldman sachs, bank of america and netflix. >>> janet yellen, president-elect biden's treasury nominee for treasury secretary. in her prepared remarks the former head of the federal reserve is calling on congress to do more to fight a recession brought on by the pan emic. yellen says the threat of an even worse downturn is too great to reduce her support now and the smartest thing we can do now is to act big. last week biden unveiled a $1.9 trillion economic relief pan. >>> pizza hut is trying a new way to make drone del

i'm seema mody we are gearing up for one of the busiest weeks in the earnings season 13 dow components to report some of the most lily oonts pated releases include microsoft, apple, tesla, boeing, facebook, mcdonald's and caterpillar. we asked our team what is the number one to watch. craig johnson and danielle shay laying out their trades. danielle, you're sticking with tesla. where do you think that takes the stock. >> tesla has don't absolutely fantastic. it's beat earnings expectations the last five quarters i think this is tesla's opportunities to prove that the retail traders aren't wrong, and if we get a great beat, it could lead to a strong momentum move for me personally i'm targeting 1,000, if we see tesla pull back, it will just be a great buying opportunity. >> craig, what do you make of apple? obviously 7% of the s&p 500, 12% of the nasdaq 100. so far this year it's had a good run. how does that position the stock ahead of its report? >> we're going to watch the elephant in the room clearly apple is a big part of these indexes. the price action is making the classic sort o

not just up today, but up 60% over the past six monday. >> seema mody. thank you.er term chart almost -- not quite at the february highs of last year. what exactly is priced in here what does the ge valuation look on this turn around play >> what is getting priced is is absolute improvement on the balance sheet and if fact this they have got cash flow margins in a better place and rationalized some of the businesses gotten rid of some of the ancillary stuff. is it a perfect leveraged play on global growth probably not aviation is going to be a piece of it. 2.5 to $4.5 billion in projected cash flow. a wide range tells you about the inability to forecast recicely. >> jp morgan spoke on a davos panel earlier today and weighed in on whether some of the speculative activity we have seen in bitcoin and heavily shorted names like game stop could have a large impact on broader markets. >> you have natural froth in the system and there is sew only so much you can do about it. now, that causes all sorts of bubbles. asset bubbles come and go. there is lots of conversation ab

proposal to turn empty hotels into apartments amid the virus pandemic but is it really that easy seema modyg that story, and s seema, it sounds good on paper, what's the problem >> here's the thing, dom, in a speech earlier this week, governor cuomo, he did propose converting empty hotels into residential housing buildings, an idea that other cities are reviewing as hotel vacancy in most cities remains below 50%. in new york, it's well below that at around 36% because demand here driven mostly by international tourists and conferences, the expectation is that the lodging industry in new york won't return to 2019 levels for three to four years from now. but converting hotels into condos or affordable housing is not as easy as it may seem, especially in new york where rooms tend to be smaller, lack of kitchenette, developers will have to spend more money per conversion it can cost 3 to $400,000 per room, and then there's zoning laws that prohibit hotels from being built in certain parts of the city in order for conversions to work, the city would have to change zoning laws and also provide a

i'm seema mody microsoft surging the a record high ahead of earnings and wall street is expecting the to continue there's currently no analyst with a sell rating on the stock. let's dive deeper with mark teper of strategic wealth partners this is a stock that continues to get fueled by the growth that microsoft is seeing in cloud, computing and video gaming but is there one thing that ceo could say that would make you less inclined to own the stock here >> less inclined put me in a tough position here. so i'm going to go with linkedin isn't working, right because the way i feel about it, one of microsoft's best features right now is linkedin. the fact that linkedin has replaced door to door sales peel the people it's a hold for us but slightly underweight. we are all well aware of this work from home culture zoom, those are all long-term trends switching your company's meetings over to zoom or microsoft teams, that was a quick move, but big companies realizing they need to upgrade their old legacy i.t. footprint to make it hybrid. that will persist for a few years and microsoft is num

seema mody with more on that story. >> yes, that is right. americans planning trips overseas have to ensure they can get access to the covid test to avoid delays on the return. united airlines said that the cdc ruling has resulted in the increase in cancellations to mexico and the caribbean, and two destinations that have seen a nice jump in bookings since last fall, and the hotels and the resorts are trying to work out a solution with a number of marriott and hilton properties offering on-site ant igen and pr testing and hyatt is covering the cost of all of the tests to keep americans covering down south, and one is hiring professionals to give the test out, and st. lucia is providing training to ensure that more hotels have more resources. >> we have testing now available at our hotels. we are the medical staff at the hotel have been trained to take the swabs. and in private villas, and smaller properties, we do have physicians that are going to be going to the properties to take the swabs. and we are able to respond within the 72 hours. >>

for cnbc business news, seema mody. >> israel is vaccinating citizens.viv to get the first dose of the vaccine. the government says it has vaccinated more than 10% of the 9 million citizens in just two weeks. israeli health officials credit a number of reasons for the success, including completing contracts early with vaccine manufacturers. >> it is an unusual side effect of the moderna covid vaccine. you only have to worry about it if you have a certain cosmetic procedure or procedures. here here's mauri payton in san diego. >> reporter: the new moderna vaccine noted a specific side effect involving several trial participants who had cosmetic facial fillers. carmel valley plastic surgeon says specifically facial swelling was seen in a small number of trial patients. >> so what they've seen in the 30,000-member trial moderna has done, they found about three of the patients had reaction to the filler. the reaction was localized to the areas where the filler was put in. in a couple cases it was the lips, one was the cheek. >> reporter: one participant had

is been vocal on twitter on the gamestop trade and the reddit rally fueling stocks of yesteryear seema modynklevoss twins. >> tweeting up a storm welcome back to cnbc let's start right there. both of you run a cryptocurrency exchange you both own a lot of bitcoin. why are you joining this debate around gamestop and amc? tyler, i'll start with you >> this is really fascinating because the individual investor has rallied on the reddit board and run over the hedge fund which is the first time in history. usually the hedge fund is running over the little guys or shorting and destroying businesses so that really caught our eye that movement. >> cameron, in a way the bitcoin chart looks a lot like the gamestop chart do you think there are parallels? is the investor in cryptocurrency similar to the one who is going long, these heavily shorted names? >> i think to some extent. the crypto and bitcoin is very much an individual movement about the empowerment of the individual and that's why we built gemini to give people greater independence, choice and opportunity. i think there's a lot of common th

. >> sue herera, thank you >>> now over to seema mody for trading nation >> buernstein making a predictinlly over the last year now on pace for its best week since october. is there more upside ahead craig johnson and daniella shea. what do you make of zoom's plans to become more of a marketplace in 2021? if successful in these three areas, where does it take the stock? >> i think it's a fantastic plan, seema. zoom was already at the forefront of the work from home movement even before it happened and as they're continuing to innovate and expand and move into the webinar arena and telecommunications, i think there is a lot of potential for growth here and i think that the general public isn't really aware of that at this point. so, i think because the fact that the stock has pulled back so significantly from the highs it will give us a great entry point for some long-term growth. >> craig, you're the technician here what do the charts tell you? can it reclaim its all-time high of $5.68 a share >> i don't think so at this point in time. i have to take the opposite side of the trade i looke

. >> seema mody.>>> the games must go on the nba and major league baseball lay out their plans to keep playing during the height of this pandemic. >>> plus, the flint michigan water crisis people got sick and died now, years later, the consequences we'll tell you who's facing brand new charges. >>> and a warning for pet owners the fda expanding a food recall after dozens of dogs died. specifics of the food in question coming. >>> and later, they're not making headlines, but we are tracking them. the policies getting pushed through in the final days of the umadniraon everyone remembers the moment they heard... "you have cancer.” how their world stopped and when they found a way to face it. for some, this is where their keytruda story begins. keytruda—a breakthrough immunotherapy that may treat certain cancers. one of those cancers is advanced nonsquamous, non-small cell lung cancer, where keytruda is approved to be used with certain chemotherapies as your first treatment, if you do not have an abnormal

we heard from seema mody, an unexpectedly strong trucks production of free cash flow helping largelyow, but cost cutting and savings. renewables a key area for them. >> isn't it incredible, a couple years ago, we followed what happened in terms of the hard hit -- what happened to g.e. as the company went through several ceos, as all these financial implications were brought to light and as power was exposed at the time as an area of weakness now to see it powering earnings today. >> market cap above 100 billion for the first time in quite some time speaking of large companies, market caps above 100 billion, 3m up 3% the company reported an increase in demand for health care products they make the n95 masks. joining us is 3m's chairman and ceo mike roman looked like a strong quarter, but i'll start off asking about things that investors will always be concerned about, which is softness. you talked about consumer electronics, oil and gas, highway infrastructure let's talk a bit about at a least some of your concerns. are you concerned about those areas? >> well, david, hey, great to be

. >> seema mody is very excited about the mardi gras ship and the roller coaster on the top deck >>>e will accepted it over to mike santoli to look at the valuations of stocks versus bonds. timely. >> talk about the enter play between bond yields now going up and equity valuations. mike wilson at morgan stanley has a couple of ways of looking at this. this is a standard way, whether there is a valuation cushion between equities and bonds based on what stocks are doing this says yes. when this is higher than this line it means stocks are less expensive versus bonds and therefore you have a little bit of a cushion very cheap in early part of the last decade. less so in 2018. still a one percentage point buffer here. the regime changes for the entire '90s stocks were expensive and still went up. but he is also looking a of the inflation expectations market based inflation has been on the rise. that usually compresses equity based valuations this isn't really a prediction for the next move in the market but it is an answer to those who say we have a lot of room yields can go much higher

i'm seema mody nearly every sector is lower today, including consumer discretionary, in the cruise linesrn in february or march. with no guidance from the cdc, they are forced to yet again suspend sailings through april 30th that would be in total 14 months of in cruises from u.s. ports. every month as truest outlines, carnival, royal, norweigian are burning two to $600 million per month. significant costs with maintaining these ships when they are not in use. many have to be anchored offshore, put in dry dock, which then delays their return to service all while keeping their crew close by. in turn, adding significant costs with lodging for their crew members now, the cruise lines are getting in line to set up a meeting with the new cdc director to put together a path forward and get a concrete timeline in place so they don't have to continue to suspend sailings carl, certainly an industry to continue to work watch. >> what a tough road thanks for that. >>> when we come back, the ceo of tgi friday will join us the need for more stimulus, pricing, and a lot more. don't go away. stay restl