. >> hey, wilf. in part of coming off of the conference call with optimism of the q1 quarter and they anticipated losses for the fourth quarter, but like all airlines, it is not about the fourth, but it is capacity down for the first, and the q1 revenue down between 60 to 65%, and roughly in line with the analyst expectation, and the january cash will come in 100 and $125 million and let's bring in brad tillden, ceo of alaskan airlines, and brad, when you are looking at the first quarter, and ai mentioned the conference call, because there was optimism looking at the advanced bookings, and you are looking at bringing down the cash burn to cash positive. >> yes, good morning, phil. we are happy to be here, and what alaskan airlines is seeing, and others as well, the bookings for the first couple of months with the third wave of the coronavirus, and not bookings, but the airplanes are flat, and coronavirus has kept people from coming to the airplanes, but people are looking ahead, and the rollout of th

. >> okay, wilf. should not watch that because you should be watching "closing bell,". >> but i was going to bet on it. you know what's weird about betting on the premier league, the money on both leagues is a tie because a tie is possible too. i have to get a totally different perspective. >> no nil draws are the stuff of dreams. >> okay. keep me updated, will you manchester city is playing text me, what i should do, in case i want to get a little action there let's get to mike santoli and liz young. liz, my point was, we've had a lot of i think trading in the equity markets based on a more positive future. cyclical reopening trades, all that stuff you think just don't be too clever, the future is going to get better, the momentum is that way, just go with it >> in some cases, yes. and the reason that i say that is because if you look at the flows into sectors, especially financials and energy, there is some concern that the flows have been so strong so that means we're set for a pull back. if you ju

. >> yep, thanks, wilf, bye. >> the new cfo of wells fargo. stock is down 7% today. >>> we have got 40 minutes left of the session we are down across the board for the major afternoons to the tune of about half a percent for the s&p 500. >>> after thebreak the one and only dwayne "the rock" johnson man who seemingly never runs out of energy on why he is getting tohenergy drinks business and some of his other business interests also that's coming up on "closing bell." don't go anywhere. >>> some powerful names bringing the energy to energy drinks. actor and entrepreneur dwayne "the rock" johnson, along with his business partners are launching zoa this branch. it is a brand be that will be distributed by mole concoors he also has a tequila, a partnership with under armour and acorn. joining us now, dwayne "the rock" johnson, and one of his partners gentlemen, thank you for joining us i fell like celebrities are all now launching their own drinks we just talked to cary underwood about her deal with body armor why are you getting into this space?

wilf, we're going to see you again.tead of shot. >> good. >> i got some grief yesterday that we're trying to be very euro i said, well, there's some very long cues and then i said krikey is krikey okay if i say -- it's not like -- >> krikey. >> it's that b word that we said before that we can't -- >> yeah, that is a slang word, exactly. i'm not -- i nearly said it. >> is krikey australian? >> krikey? we say it too. i'm not sure jab is european as much as british. i don't know what they're called in france, germany, spain to be honest. >> you don't thank you. if you hear, will you let me know >> you know how much i want to look sophisticated it's hard for me anyway, thank you. thanks, wilf marty, you're going to be with us, too, again >> that's right. we'll see the wells fargo and citigroup in an hour. >> everything just went black again. anyway, toss it over to you, becky, right now moving on. >> when you talk about us -- we say jab, you mean the royal we these are all things joe has learned overtime >> yes yes. >>> in

>> you know, wilf, i am not sure we are beyond that at all.the market obviously had baked in quite a bit of optimism in regards to vaccine rollouts, the reopening trade and a larger stimulus package i think part of what we have seen this week is a little bit of consolidation we saw it in the treasury market, where ten-year yields had gotten into that consolidation pattern arc flag pattern, if you will, for the technicals with a a breakout possibly to the upside but i think it is going to be a good thing for the equity markets to do the same and have that consolidation, a little bit of a pause, because there is some uncertainty now are we going to get a $1.9 trillion stimulus package in probably not we already have some senators coming out and saying they are not going to be able to go along with that. we have got news from boris johnson today that the new strain in the uk is more deadly. we have more concern coming over reopening. are we going to get more lockdowns? i think there is concern there for us that means the equity markets are ripe f

>> thank you wilf. i was extremely pieced to see the transfer of power.ush as the 43rd president, i was happy the see him and the clintons and obamas coming together i was proud as a zip and i think the financial services industry and other industries in the united states and around the world were pleased to see the collaboration amongst those four gentlemen. >> i think you, as many corporations did, reacted to the insurrection we saw on january 6th by pausing or suspending political donations. what's the thinking there? i am wondering how long that's going to last. are you suspending it? are you cancelling it to certain lawmakers? it is not campaign fund-raising season right now i am wondering how much teeth it has. >> it is a good question sometimes we get remiss in locking at different things that we do. when i look at our political action committee, it definitely was a time to have an overpaulie haul of the pac. what we did and i included it in my statement is we wanted to make sure we give to candidates that have the values of a cme group. we never s

. >> hello wilf. hello everybody. here's what's happening at this hour during a conference call with reporters this afternoon, a justice department official said they are not expecting to file any indictment charges against speakers at the rally that preceded wednesday's storming of the capitol. one of those speakers was president trump. the d.o.j. says it is focusing only on criminal acts at the capitol building during that same call an fbi official said there is no indication that anti-fascists disguised as trump supporters played any role in the violence, as has been suggested by some republican lawmakers >>> an among those charged in connection with the capitol invasion, derrick evans a west virginia state lawmaker who allegedly live streamed himself with the rioters also, bradley reduction dales, the ceo of a small chicago-area company who tells the "wall street journal" his participation was the singest worst personal decision of his life he is on administrative leave. i will send it back to you, sara. >> sue he

sara and wilf? >> kayla tausche thank you for the update tom lee i don't know if you heard our interview last hour with nelson pelts. >> i did. >> he said he was absolutely shocked to see the action today and yesterday in the markets, the buying, despite the scenes we were all seeing he says it is either a sign of great hope or of rampant inflation. how do you interpret it? >> i would say that a third reason to explain it is there is a lot of money on the sidelines. i know people say they think everyone is ebullient and bullish. but when we speak to our clients -- you know, we touch nearly -- i think close to 40,000 institutional money managers every week, we find the vast majority are still cautious or negative. i think yesterday, as -- you know, it was shock what happened in washington. but the market was able to see through this because number one i don't think anyone felt this was going to affect the transition of power to biden and more importantly, i think this was an excuse for people to put

>> wilf, thanks for that question that's -- when we say net zero that's a defined term.buy offsets what whatever carbon emissions you are putting out. we are going to get to net zero by reduced travel. reduced trav. we have that modelled out for the next five years. we're going to go off the base year of 2019 we are going to lower our emissions by 30% and our business travel by 35% that does not mean we don't believe in travel or we don't believe in in-person business. we do. we really believe in a hybrid molly. to make this real, in our model, we actually have a year where travel is going to go back to close to the 2019 levels because there's pent-up demand to travel and for people to travel and be with clients and so forth. from there, it would scale down. what's important, though, is that our client travel in the model is really a reduction of five to 10%. our internal travel and the example i give is if you run a group that's either national in the u.s. or global and you had four meetings a year, once a quarter, there's no reason you can't have two virtual and two in

. >> hello wilf. good to see you.ara mentioned the death toll from the coronavirus has gone above 4,000 the biden administration will hold commemorations across the country tonight. >>> new vetting of the thousand you brought in to guard the capital. two were pulled due to inappropriate comments >>> trump supporter and my pillow ceo mike lindell says multiple retailers drop his products after his repeated false claim of voter fraud in the presidential election. >>> the russian opposition leader aelectiony navalny's team released their investigation into what they call putin's palace they claim the massive complex owned by the russian president cost at least $1.3 billion russian officials say the allegation is untrue. >>> and on the u.s./mexico border, yep, those are see saws, instead in the wall. they were up for less than an hour in july of 2019 but they made enough of an impression to win the design of the year award from a lon on the museum and allowed kids briefly to play with each other despite the border wall. >

you are up to date i will send it back to you, wilf. >> sue, thanks so much see you again later. >> home% in the month of wn tk er, up next we will brea dohe state of the housing market when we talk to red fin's ceo. "closing bell," back in a couple first up is this exquisite bowl of french onion dip. i'm going to start the bidding at $5. thank you, sir. 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, beautifully set in a hollowed-out loaf of sourdough bread. don't get mad get e*trade and get more than just trading investing. banking. guidance. municipal bonds don't usually get the media coverage the stock market does. in fact, most people don't find them all that exciting. but, if you're looking for the potential for consistent income that's federally tax-free, now is an excellent time to consider municipal bonds from hennion & walsh. if you have at least 10,000 dollars to invest, call and talk with one of our bond specialists at 1-800-376-4376. we'll

. >> wilf, let's start with merck. this is one of the most experienced and storied vaccine developers in the world saying today they are discontinuing their covid-19 vaccine program because early results showed that they generated an inferior immune response when looked at when natural infection gives and also at what the more advanced vaccines have been able to to. they are going to be focusing on the treatments for covid-19 in their pipeline, including one that's an oral anti-viral, a capsule you can take by mouth where they expect to have data by the end of march. so a lot of eyes focused on that one, guys. on the moderna front, the company saying heavy been looking at variants we have been hearing so much about, the one associated with the uk, known as b 117 and south africa, b 151, those two in particular, they looked at their vaccines and those variants they saw a similar level in the b 117 variant. in the b 15351 they saw a sixfold decline, they are going to be testing a booster dose of the original vaccine and

>> well, you know, wilf, it's interesting because shirl sandberg was asked that very question in the righter's conference in which we participated today i can quote her directly she says she knows that facebook took down a anone, proud boys stop the steal but she advised her enforcement was never perfect. she assured there were still things on facebook but believed these were largely organized on platforms that did not have their abilities to quickly pull down and identify hate speech. i believe she was applying to the likes of parler. she didn't say the fight was free of such speech but pointed to some of the other platforms. >> i wonder how much harder life is going to be for these companies now that they have set this precedent and what they are going to do. they are being called out for not going against other people or companies that promote hate speech why now? and what sort of precedent is it going to send for them >> right critics -- you certainly hit on a point. critics say this is too arbitrary and that they didn't really have these reoad maps in place. amazon cut off the c

. >> wilf, the incoming chairman of the senate banking committee shared brown now says he wants to hold a hearing on the current state of the stock market. he does not mention game stop by name but clearly the timing of the statement comes amid all the volatile activity we have seen just this past week and the implement from the stapt is clear. he said people on wall street only care about the rules when they are the ones getting hurt american workers have known for years wall street has been broken and they have been paying the price. it is time for the sec to make the stock market equitable for everyone the ranking republican also calling for a hear we reached out to the chair wop of the committee, maxine waters. we will let you know if and when woe hear back from her. >>> still to come, apple, tesla, facebook on the move today as outlook for tech gets clearer on the back of earnings we will discuss with investor dan niles. we will hear about his picks outside of tech and what he thinks about the short squeeze elizabeth warren coming up on the show, too. you are watching "closing bell

wilf, wild day here. but both leaders in the house and senate felt that they needed to get back to the count as a show of strength, so that is what they are doing now. and we are waiting for that vote to wrap up. yousef: we're looking at some images now. ards really failed to capture lot of what happened. but in terms of the consequences of developments from overnight, there are some ruptures within the gop, aren't there? and we are seeing that in the vote. daniel: yes, i think that is right. although what is striking is the difference between the house and the senate as far as that goes. you are right, there is a rift in the republican party in terms of the reaction to what happened today. that rift is most pronounced in someenate, where you had members who had said that they were going to object, sort of rescind that and say they would not object, and that they were standing down, essentially. not everyone was going to do that. we still had six senators who voted to reject the votes from arizona. but yo

. >> wilf, the administration is broadening out its guidelines for who should be receiving the vaccine in these early rounds of administering the shots after some bottlenecks were encountered by states focusing on health care workers and nursing home residents earlier today health and human services with kprds and operation warp speed announced these new guidelines announcing that the vaccine should be distributed to anyone over the age of 65 or anyone between the ages of 16 and 64 who has a preexisting condition or comorbidity. they also said the entire supply of vaccinations available should be released instead of reserving doses to account for a second dose for those individuals who have already been vaccinated that aligns the strategy with the outgoing administration with the incoming biden/harris administration who has decided that's the way to do it. also, they are widening so people can get vaccinated at pharmacies and community centers in addition. some states are already doing this this is in essence a strategy to try to standardize some of the strategies across the board. the

. >> wilf, we always look at it.seals like it is much more in the foreground because it is generally looking bullish. this is the investors intelligence weekly poll of financial and advisory services. it has been running a long time. bulls minus bears, close to 50%. this is the highest range of the last several years reminds me a little bit here you go, early 2017, after an election, nubo market, the rest of it, whatever you want to call it it was not a trading trigger saying everybody is too bullish it was not aible but gives you context and lowers the threshold for the surprise that would cause the market to pull back. this is the put/call ratio, when it is lower people are much more bullish. this down here goes all the way back to the year 2000. in the late '90s to be common to be in this range we are seemingly in a new era that looks ache the old era of the '90s upside risk appetite we will see if it turns into a contrary signal as it has been in recent years when it got this low. but not yet. >> you have been wa

. >> wilf, gains moderator but the market started the day aggressively pricing in the policy implications of likely democratic control across all three branches, based on more stimulus, based on faster economic growth. and, for the most part, that conclusion has lasted through all this the premise has not been challenged it's just a matter of moderating some of the confident risk appetites we saw a couple of hours ago. if you looked at the s&p 500, it fwaned back about half of its daily gains in the last couple of hours the volatility index had really receded quite a bit in the market strength has come back. i don't think it changes the overall story, but clearly just very much people sort of pulled in some of their horns after a very good run in the market. >> shep, the other thing to keep an eye on is bitcoin surged to an all-time high over the course of the last 30 minutes or so. 36,6 h 36,600, up 6% today. gold, which you may have expected to rally during this uncertainty, improved a little bit. down % earlier, was down 1.7% by the close. just a reminder, the dow record all-time closi

we all get these things confused working pretty long days wilf, thank you very much.ining us with his outlook of the markets under the biden administration is mario gabelli. he's the chairman and ceo of gamco investors. mario, you've done this before watching investors coming in >> i started investing 13 presidents ago with eisenhower so i went through his heart attack and so on basically, we look through more cooperation in congress. he knows how to deal with the pluses and minuses from my point of view, though, the climate. what is he going to do about it? that's a focus what is he going to do about the fundamentals which is basically the rule of law and make sure we're following that again and secondly, it would applause the premarket system third, education and education so we can help income inequality then how do we raise money to pay for what we want to do from my point of view, becky, i seed precondition with regard to the stimulus give money to hotel and trade workers in new york. give it to nevada, to people in need because of travel and leisure. obviously f

. >> wilf, facebook posted its slides and in there, especially in the much focused on u.s. and canada regions they showed daily active users actually declined by 1 million sequentially the second straight quarter of declining daily active users in north america after reporting five quarters of gains but monthly active users in the u.s. and canada actually gained by 3 million so sort of mixed numbers there obviously the daily users in particular the focus one other thing to point out is facebook specifically calls out apple in their battle over the new operating systems as one of the ad targets in the year ahead saying the impact of notely ios-14 will have a significant impact saying timing remains uncertain. we would expect an impact beginning late in the first quarter. now the stock is up fractionally >> despite some of the uncertainties on the outlook julia, thank you julia boorstin facebook up 0.5% after hours. whirl pool shares are falling down more than 5% after just reporting q4 earnings despite the company beating forecasts on earnings and revenue joining us now is w