thank you so much steve scott for your work and helps us get guns off the streets of san francisco. mattie scott is not here from the healing circle. she has been at the forefront of advocating for change. she is a mom who lost her son. who was an amazing person. i grew up with him in my neighborhood. there were people like george scott and others i grew up with that i police, that i loved as we played in the schoolyard and played tag and all kinds of other fun games before there social media and technology. when i go to united players and go to their home. i see the board with the people that we lost. african-american and latino men in the city mostly in their hail teens and early 20s. i know almost every person on those boards. what we ask people to do put down the weapon. here is your opportunity. no questions asked. turn-in your guns. let's have peace on our streets. let's have love on the streets. come together like we once did before. we were one san francisco to catch buses all over to the bayview. sunnydale by 501. we were in every community in the city growing up. we can get

thank you so much steve scott for your work and helps us get guns off the streets of san francisco. mattie scott is not here from the healing circle. she has been at the forefront of advocating for change. she is a mom who lost her son. who was an amazing person. i grew up with him in my neighborhood. there were people like george scott and others i grew up with that i police, that i loved as we played in the schoolyard and played tag and all kinds of other fun games before there social media and technology. when i go to united players and go to their home. i see the board with the people that we lost. african-american and latino men in the city mostly in their hail teens and early 20s. i know almost every person on those boards. what we ask people to do put down the weapon. here is your opportunity. no questions asked. turn-in your guns. let's have peace on our streets. let's have love on the streets. come together like we once did before. we were one san francisco to catch buses all over to the bayview. sunnydale by 501. we were in every community in the city growing up. we can get

j. >> vodafone volatility expansion bought calls, scott. >> steve weiss >> ipo in porsche increase netision. >> all right, guys thank you. "the exchange" starts now. >>> thank you very much, scott hi, everybody. i'm kelly evans. here's what's ahead this hour. stocks taking a breather after back-to-back strong gains that helped close the gap from the recent selloff small caps are still lagging the rest of the market this year four names that are good buys right now. >>> shares of charge point lower after a wider than expected loss the ev stock is down 30% from going public back in march the ceo joins us to talk earnings, expansion plans and

. >> vodafone volatility expansion bought calls, scott. >> steve weiss >> ipo in porsche increase net worth by $50 billion seems like an easy decision. >> all right, guys thank you. "the exchange" starts now. >>> thank you very much, scott hi, everybody. i'm kelly evans. here's what's ahead this hour. stocks taking a breather after back-to-back strong gains that helped close the gap from the recent selloff small caps are still lagging the rest of the market this year four names that are good buys right now. >>> shares of charge point lower after a wider than expected loss the ev stock is down 30% from going public back in march the ceo joins us to talk earnings, expansion plans and infrustructure bill. >>> games, fashion and canned pork g gamestop, rent the runway and hormel it's back. first let's begin with the markets. dom chu is here with those numbers. >> maybe you guys out there know how much i love spam let's talk about the mixed markets right now. kelly mentioned pause. two strong days worth of gains mixed market with the dow underperforming down roughly 0.01%. the level on the

and there were people off balance or balanced with steve bannon who goes in there. >> yamiche, scott, ali, thank you so much. >>> when we come back, a highly anticipated call between biden and putin kicking off in less than an hour. >>> plus, new data shows that the new covid variant may not be as dangerous as we thought. everything you need to know. that's next. at's next. cough cough sneeze sneeze... [ sneezing ] needs, plop plop fizz fizz. alka seltzer plus cold relief. dissolves quickly. instantly ready to start working. so you can bounce back fast with alka-seltzer plus. now available for fast sinus relief. mm. [ clicks tongue ] i don't know. i think they look good, man. mm, smooth. uh, they are a little tight. like, too tight? might just need to break 'em in a little bit. you don't want 'em too loose. for those who were born to ride there's progressive. with 24/7 roadside assistance. -okay. think i'm gonna wear these home. -excellent choice. ♪ my songs know what you did in the dark ♪ ♪ so light 'em up, up, up light 'em up, up, up ♪ ♪ light 'em up, up, up ♪ ♪ i'm on fire ♪ ♪ so l

i'm steve malls. bergen for scott email used today. and this is news news, news, news news on our t america. ah ah . so you're scheduled to fly home today or fly out to see relatives and you get the call flight cancelled or worse, you're at the airport. and the word canceled appears right next to your flight on that. the parting flight sport today alone over 2500 flights, were cancelled worldwide with some 1000 of those involving the united states. that's nothing compared to the 6000 interrupted flights on christmas eve and yesterday, combined with 1200 cancellations and over 5000 delays here in the united states. so joining us to talk about this and more is jamie finch, former director at the national transportation safety board. i hope you had a great holiday, jamie welcome. you know, some airlines are claiming that these delays are due to weather. but is it fair to say it's the virus? and if so, how is coven screwed this up? what, what, what, what part of cove it has caused all these cancellations? well, i think you easily say that

steve? >> yeah, scott markets are now reading new vaccine developments and comments to suggest that almost whatever exceptions, the fed is going to hike news today from pfizer the third boost works against omicron raised probability for fed hikes. the second hike coming in september. and even a third hike being priced in for december the probability of quicker rate hike had already been on the rise after the fed chair jay powell last week said he would view it as inflationary. so hikes coming with both good and bad virus news the yield on the 2-year began rising, hitting fresh pandemic highs most days since then it surged above 70 today before easing back towards the 67, 68 level. notably, the sharply repriced fed outlook comes with not much negative reaction in equities, unless there's a drastic economic slowdown resulting from the virus. that could give the fed greater confidence to go faster. mike >> yeah, we're -- i mean, we're back where we were before the news of omicron when it was the telegraph taper, where we all said december is going to happen, and the market was cool with that because i

sounds like listening to some folks on your panel, scott, that nobody expected the fed to ever raise rates. i'm not quite sure -- >> would you fault them, steve would you fault them >> yeah, i would, scott. >> you know what i'm saying. let me show you the fed expect eggs and then we can bounce off of that, the po billion baked into our survey and that's the first thing and the second thing that's baked in is join 2022 some tolerance about that and now three are priced into and two and a half this year, and three the year after that and whatever you want to call it and three in each of the next two years to bring it up by 1.5% by the end of 2023 and there's the highly controversial terminal rate where the fed will stop at 3.2% you know, i don't know it's interesting to think, even if inflation was 2% or 3%, this doesn't seem that hawkish an outlook to me. i don't think that you're talking about massive tightening you are moving things up by six months, but the fed is still doing what it otherwise would have done just a little earlier. >> let me ask you this question because josh raised what i thought was an outstanding point and it's important

scott. just like steve said, the ones in the non-taxable accounts where i can do that kind of trading. in other words, 401s, keyos and that kind of thing and i'm very comfortable having a 30%+ cash because when you hold a $350 stock like meta or facebook and you get that cash in your account and you instead replace it with a call spread, you end up with a lot of cash. i will deploy that cash if, indeed, we see a pop to 30 or 32 again in the vix scott, the volumes have been extremely low right now. sorry, my light was just moving a little bit the volumes have been extremely low. the volatility and volume are two things we pay attention to a lot as well as velocity well all of those volumes have been falling off a cliff. this week we're down from the 38 million options that we were trading last week down to, like, 27 million today or yesterday, rather, and those kind of numbers, scott, tell me there's omicron that are keeping people from being in the office that are managing institutional sized money and they're not as comfortable trading from home in those cases and people are more or l

steve harrigan live, steve, thank you. i'm jon scott.re just joining us now at the bottom of the hour, i want to recap what is -- what we know about the devastating tornado outbreak that hit the south and midwest last night. major damage in kentucky where governor andy basheer says at least 70 people are dead and he fears the toll could top 100. in illinois amazon warehouse roof collapsed killing at least 6 people. in an arkansas tornado tearing through a nursing home leaving at least two dead and killing another person at a store in nearby town. charles watson live in atlanta with more on the terrible string of tornadoes. >> hi, jon. we heard from illinois officials that efforts transitioned to recovery efforts in edwardsville that suffered roof collapse after two suspected tornadoes hit the building and we can confirm now that at least six workers were killed and one injured at the warehouse just east of st. louis. officials say that a couple of tornadoes hit the building and collapsing a portion of the wall the size of a football fiel

scott. now back to "the next revolution". stevetion in organizations claim in america we have seen a new belief system to fill the void and that is the religion focus on. it is based on the belief that racism and prejudice and discrimination are in every contract on —- every corner this new religion is it worships up its own creation with its own original sins like being born with white privilege and their own patron states like george floyd over every facet in society tv and movies and corporate culture and the product marketing and packaging. what does this mean for our future as a country and for the world? joining me now to discuss this is the archbishop of san francisco. wonderful to see you. we had a fascinating conversation about this on my podcast. and i wanted to share that conversation with our wider audience. what are your reflections positively and with spirituality in america today? >> there is a basic human need for spirituality and i yearning for the transcendent. the human condition will lead us to some form of anot

>> joe >> an all-time high, prologuic >> steve weiss >> right back at you, scott. xpo is my final trade. >> gee, why did i know you were going there? i appreciate that. we are an hour away from the fed decision news conference to follow. "the exchange" picks that ball up right now ♪ >>> thank you, scott hi, everyone i'm melissa in today for kelly evans. the countdown is on. markets trading in a tight range as investors brace for one of the most anticipated fed decisions in a long time with inflation running at a 39-year high, fed chair powell surprised the markets retiring the word transitory and admitting it is time to phoning us on high prices and speed up tapering what does it mean for the markets and the economy? our panel of experts are standing by as is tyler mathison live outside the federal reserve in washington, d.c. for the big day. ty. >> reporter: melissa, i wish you were here because it is october in december here in washington it is a lovely day people are scootering, but in this building behind us or in the annex behind it, the decision has been made

market, growing sales and a 2% dividend yield >> joe >> an all-time high, prologuic >> steve weiss >> right back at you, scotteciate that. we are an hour away from the fed decision news conference to follow. "the exchange" picks that ball up right now ♪ >>> thank you, scott hi, everyone i'm melissa in today for kelly evans. the countdown is on. markets trading in a tight range as investors brace for one of the most anticipated fed decisions in a long time with inflation running at a 39-year high, fed chair powell surprised the markets retiring the word transitory and admitting it is time to phoning us on high prices and speed up tapering what does it mean for the markets and the economy? our panel of experts are standing by as is tyler mathison live outside the federal reserve in washington, d.c. for the bi

steve: it was great. i did the tunnel 2 towers event on friday my daughter marry came in. we put up christmas deck core rations and a lot of cook. brian: honored suzanne scotte: raised millions of dollars. ainsley: suzanne is our ceo and so involved with that organization. because of all of you, all of your support has raised a lot of money for this organization. steve: we have a very special partnership that has made it possible we are very proud of it. later on today, it's official, something from the trump administration, the biden administration didn't want to do it. they wanted to get rid of it but the remain in mexico policy is being restarted. remember, it was a couple of months ago that a federal court said hey, joe biden administration. we know you tried to pulled plug on it as soon as you could. but you didn't do it the right way. the u.s. supreme court upheld that and now today it's back in business. ainsley: that means that migrants that are seeking asylum are going to have to remain in mexico while they await their immigration court date in the united states. brian: mexico asked for one concession that we know of. they said you just got to get

steve hartman with an update "on the road." >> reporter: when an inner voice spoke to scott chittle of joe manchin, and told him to build it,> had to be done. something. >> reporter: it reminds me a little bit of "field of dreams." >> me, too. >> reporter: as we first reported a year ago, scott decided what manton really needed to survive this pandemic was an ice rink. never mind his own kids didn't even skate. never mind hardly any kids in manton skated. he just felt the community had to have a safe, outdoor space to gather, whether they realized it or not, which they didn't. and when folks failed to flock to his house, scott actually went door to door to coerce them. >> i was upset. i was like, ," are you kidding me? tell your kid to come outside and go ice skating," you know. >> reporter: it's not really if you built buildit they will come. it's if you build it and go harass some families,s they will come. >> that's true as well. they're coming, that's for certain. >> reporter: in droves. scott chittle's side yard became the place to be. the dark winter that was suddenly springing with joy for children and parents alike.

you've got to think someone like steve major is one of the smartest minds in the industry, and he is talking about 1.5%. scott minerd, who often gives outlier forecasts, is saying it could go negative, so 3% is going way far in the other direction. jonathan: i would love to see scott's book one day, matt. he is brilliant. scott minard of the guggenheim. coming up, a conversation on tesla and the autos of america. it is dan ives of wedbush. from new york, this is bloomberg. ritika: there's no sign that the pandemic is slowing. for this second day in a row, the number of coronavirus cases around the world went over one million. overall, it seems to be triggering a lower rate of hospitalizations than the earlier out right. in the u.k., the government has no plans to follow the 80 of the u.s. -- to follow the lead of the u.s. authorities lowered the quarantine requirement in england from 10 days to seven days. the u.s. shortened its regulations from 10 to five. in hong kong, the last pro-democracy news outlet's. seven people linked to the publication were arrested on charges of conspiring and published judicious

they'll straighten prime minister scott morrison also confirmed a quarantine free travel bubble between the 2 countries. it's the bottom line now the me hi, i'm steve clements and i have a question in the land of freedom. why is the banning of books on the rise? let's get to the bottom line. ah, if i told you that hundreds of books were band last year in a certain country, what country would come to mind? well, how about the united states of america every year across the country, hundreds of books are literally pulled off the shelves of public libraries are banned by school districts. the american library association, which is a nonprofit created by library and more than 100 years ago, track 273 books that were banned or restricted in 2020 alone. even during the pandemic, when most schools and libraries were closed, the efforts to censor books never stopped. in the past, banned books usually dealt with church accusations of blasphemy or overtly sexual content. but what's telling you about the most recent wave of book banning is the focus on authors who are sharing stories of black or indigenous for other people of color and gender identity. so what

senator tim scott, republican, another disappointing jobs report for the biden administration. shows the united states added the smallest number of jobs since december 2020. steveweets, the most recent reports as unemployment went from 4.6% to 4.2% while labor participation group. that is a rosy picture. personally my job has been secure throughout the pandemic because our union. randy from arizona, holiday should be surging but thanks to president biden the jobs report is another failure. jim jordan of ohio saying, gas prices continue to soar and another disappointing jobs report. the biden administration is not building back anything better. another portion from president biden talking about the jobs report picture and talked about his administration's record on creating jobs. [video clip] >> today's news means unemployment has fallen more than two percentage points since i took office. that is the fastest decline in a single year on record. that is three times faster than any other president in their first year in office. the number of people claiming unemployment has fallen from 18 million when i took office to 2 million this week, another record drop. we l

they have done already with steve bannon, already done with mark meadows and we'll see if they do it for scottf congress the committee has asked to speak with. do you expect to see more of in? >> i do, ana. i've been critical of the committee up until now for handling its own members with kid gloves for not questioning kevin mccarthy and jim jordan. now they have cross that had line with scott per and there's more of that to come. >> the "new york times" is reporting that the committee is trying to decide if they have enough evidence of criminal conduct either by former president trump or others to make what is known as a criminal referral to the department of justice. i want you to listen to a member of the january 6th committee congressman adam kinzinger, what he said about the possibility of criminal charges against former president trump. >> i don't want to go there yet to say do i believe that he has. i think that's obviously a pretty big thing to say. we want to know though, and i think by the end of our investigation and by the time our report is out we'll have a pretty good idea. we'll

strategy as to the wren also joining the conversation all morning long dagen mcdowell steve forbes a great to see everybody scottrked up from the feelin' you get, it is something much more pullback than that the bottom line is for us, we have a positive outlook here we think s&p 500 is going to end 2022 around 5200, about a 13% total return from here, so, you know, for us fed not tightening too much the fed going to continue to improve overall economic getting might be slower than we thought next year still 4 1/2% down a little bit from what we thought six months ago, those are still, good conditions, we think inflation is going to deceleratepullbacks are opportunities to apply, and you want to buy sectors that are going to benefit from a continuation of this recovery. maria: look you are talking about returns, that you can't get anywhere very good rurns you are expecting. >> very good. >> 2021 scott i want you to look ahead for us wells fargo investment institute releasing 2022 outlook saying it will be a year of transition, a lot of unknowns out there, as we go into new year but your expecting, 4 1/2% year-end

fed versus -- >> it was the team not me >> it was the team, scott, and that's the key right there is that omicron >> there's no i in team, steve >> thanks for that omicron is pressing down on yields and maybe pressing down on the market while the fed because inflation needs to move the other way. i think it's a risk out there that the fed has to move and move more quickly and do more next year. it's a big part of what's out there and when it comes to valuations, remember here. what the fed wants to happen, i don't think they want to see anything crater at all they don't want to see the stocks crater. they don't want to see a temper tantrum and they've had some success in avoiding that, but the express contempt of fed policy especially fed jawboning policy is to tighten financial conditions and if you don't mind bringing up that chart which is what happened to yields since the fed meeting. yields have gone down and financial conditions have gotten looser and if you look across the spectrum six basis points on the 210 and the five-year since the fed pivot at 11:30, they haven't moved all that much and you haven't had a lot of ti

steve weiss, final trade >> geo logistics down 8% and downgrade by loop. loop upgraded the stock today to a buy. it is compelling cheap special company. >> joe terranova >> scottabbvie, up to 127. if you want to put a stop at 120, that's fine i'm staying in for the long term this stock is cheap, p/e and high double digits >> brenda? >> paypal. one of the most innovative companies that has been a huge expectations reset no one will be buying this to window dress to your end, i think we revisit during the new year. >> doc, i need a quick name. >> peloton, scots. big bounceback coming. peloton. >> good stuff. thanks, everybody. "the exchange" starts right now. ♪ >>> thank you, scott hi, everybody. i'm kelly evans, and here is what is ahead this hour. >>> forget what's already been telegraphed. is it time for the markets to prepare for a worst-case scenario from the fed? we will tell you what it could look like and the likely stock winners and losers, plus it has been a record year for deals who should be in your portfolio to best profit from that we will lay it out >>> apple's ascension an

steve, on your reporting of where you think the fed's going to be. how much they're going to taper by and when. >> you know, i think what's going to happen, scott, is for sure, there's going to be a discussion on a faster taper publicly and in the internal debate in the federal reserve. it's not crazy to think they're going to be talking about rate hikes at this meeting. they have to submit their summary of economic projections. that conversation is going to involve how soon they're going to get there how many, the space in between the hikes and also how far they're going to go. so i think the fed did a 180 in the month of november. it was an exclamation point on that and now it's starting to travel down that road. if you want to get to the rate hikes as soon as the spring, they're going to have to start those discussions now. >> you think they're going to double the pace of the taper that's a market change, right? you go, you're going to double it z z >> because they're so concerns about where we really are in the inflation picture combined with what they think is a strong economy and labor market >> yeah. those two things are absolutely right, scott

steve. anyway, they're playing this out. >>> coming up, a former fda commissioner dr. scott are watching "squawk box" on cnbc >> (soft music) hey dad, i'm about to leave. don't forget your hat . good morning. how can i help? i need help connecting with my students. behind every last minute save, ok, that works. and holiday surprise, thank you! a customer service rep is working unseen, making it happen. and at genesys, we're proud to help them help you everyday. ♪ ♪ wow, we're crunching tons of polygons here! what's going on? where's regina? hi, i'm ladonna. i invest in invesco qqq, a fund that gives me access to the nasdaq-100 innovations, like real time cgi. okay... yeah... oh. don't worry i got it! become an agent of innovation with invesco qqq . >>> new this morning, the biden administration out with a winter covid plan too try i to help stem the disease it includes extending masks for public transportation and requiring all inbound international travelers to test negative within a day of leaving for the united states. regardless of vaccination status the white house also

scott wouldn't do that. he'd only go to a point. >> he's just cool as a moose. >> he was steve mcqueen cool. >> reporter: the story of what happened to her, too, the other woman whose name was also thrust into a cultural moment, amber frey. what does a saga like that do to a person's life? >> well, i'd say -- i mean, from day one it completely changed my life. >> reporter: and the story told by a frustrated ex-journalist, convinced that the cops, the prosecutors, the public, got it all wrong. >> did scott peterson kill his wife? >> i don't believe that. i do not believe he did. >> reporter: and tonight a video we found buried in the court archives. >> so what you're telling me, scott, is there's no -- you have no idea where laci is? >> i do not. >> reporter: scott peterson talking to a detective just hours after sounding the alarm. laci was missing. but before we get there, we'll begin here with laci peterson's mother sharon rocha surrounded, fortified really by laci's best friends, stacey boyers, lori ellsworth, and renee tomlinson. >> they seem to make you feel cheerful -- >> they do. they help a lot -- i'

steve bannon. another house debate over how to deal with islam abroad got ugly. >> reporter: it sure did. at one point republican scottsaid that ilhan omar, the congresswoman from minnesota, had ties to a terrorist organization. that remark was -- caused quite a reaction in the chamber. it was ruled out of order and struck from the record. >> it is not sure. all right, jon, thanks very much. michael? >>> george, we're going to that massive storm in the midwest. several feet of snow in some areas. torrential rain, mudslides and flooding. matt gutman is in soda springs, california, for us this morning. good morning, matt. >> reporter: good morning, michael. it's been a fire hose of moisture aimed right at california. you can tell it's still coming down. over 60 inches of snow here at the sugar bowl ski resort. that's over five feet. i want to show you the side by side image of what it looked like just a couple days ago. almost completely bare. in fact so little moisture had fallen in this part of california over the past month that climate scientists had actually begun to worry about the disappearance of california's sn

senator tim scott, republican, another disappointing jobs report for the biden administration. shows the united states added the smallest number of jobs since december 2020. steve tweets, the most recent reports as unemployment went from 4.6% to 4.2% while labor participation group. that is a rosy picture. personally my job has been secure throughout the pandemic because our union. randy from arizona, holiday should be surging but thanks to president biden the jobs report is another failure. jim jordan of ohio saying, gas prices continue to soar and another disappointing jobs report. the biden administration is not building back anything better. another portion from president biden talking about the jobs report picture and talked about his administration's record on creating jobs. [video clip] >> today's news means unemployment has fallen more than two percentage points since i took office. that is the fastest decline in a single year on record. that is three times faster than any other president in their first year in office. the number of people claiming unemployment has fallen from 18 million when i took office to 2 million this week, another record drop. we

scott gottlieb two big hours on deck for "squawk box" after this. >>> good morning, a major shift is under way at the fed. stevehy investors could see a speedier end. a wild weekend for crypto. bitcoin back under 50,000 after dropping 17% after just 24 hours. buzz feed said to go public but not without troubling headlines. the second hour of "squawk box" begins right now good morning and welcome back to "squawk box" here on cnbc. i'm andrew ross sorkin along with becky s&p will open higher the nasdaq looking to open lower, about 18 points off treasury yields right now. look at that 10-year note. look at that 1.39 # 7. the other story of the morning or maybe the weekend was cryptos. i'll show you where bitcoin is now. $23,507. ether at $4,000 after a bit of a tumble over the weekend. >> we didn't even talk about the 10-year, did we? >> the 30 year had an even bigger pressure put on the yields on friday that felt the lowest since january of this year. >> making headlines, lucid relating documents to the electric spac. down another 12. in donald trump's new social media venture and digital world acquisition have e

steve smith forjust 16. australia had started to build up the runs through marcus harris who reached 76 but fell to anderson. and australia eventually all out for 267 — mark wood taking the final wicket of scottig australian grin on your face, not so much today. what have england on right? it's quite nice to tell you england have had a good day at the office. we were worried we wouldn't have a second day but they probably needed to bowl out australia in the space of two sessions to wrest back parity. they've done so in five hours, they are 82 runs behind. it would take something special to win a test match but at least they played the first hurdle, bowling out australia inside a day. 11—33. beautiful support from mark wood who bowled so quickly of the top. jack leachisin bowled so quickly of the top. jack leach is in the series which is a significant point after the way he was taking two at brisbane. there is some hope for england as they start their second innings.— some hope for england as they start their second innings. jimmy anderson erformin: their second innings. jimmy anderson performing so — their second innings. jimmy anderson performing so well, _ their second innings. jimmy anders