and value orientation playing out in the trade today so we'll see whether or not the energy names, kell decontinue the near-term turn. they have been down significantly so far in 2020 i'll accepted things back over to you. >> leading the charge today, dom. thank you, sir, dom chu. let's turn to the bond market where the ten-year yield has been jumping towards 1% and checking with rick santelli for more on the moves. what do you make of it, rick >> you know, i think, there's a lot of wrong positions out there. think about the logic. the federal reserve has done everything to try to keep interest rates low, an they buy $80 billion a month in treasuries and 40 billion a month in mortgage-backed securities as money gets higher they will buy more they have done that in the past. started out buying a lot more but there's a rub. if the economy heats up on vaccine side, they may not be able to control rates the way they want look at a one week of 10s, definitely move up, and if you zoom back to november, you can see the 96-basis point close that happens to be 174 for 30s if we close above those

now, kell, it's important to underscore the level of issuance in a single week including spac. we're expecting to see more that be $7 billion worth of ipos this week that's the most since the start of 2014, only three other weeks have actually surpassed that kind of volume, most recently in mid-september and dom was talking about this a big week of software debuts and cloud computing specifically with snowflake and then there was unity and j. frog as well. they went public raisinging a combined $8 billion. before that the only weeks that saw greater everyone uance was in may of 2019 when uber went public and then in september of 2014 when alibaba went public. what's different these times is these billions of dollars in new issuance is coming weeks before the end of the year when most institutional investors look in their performance for incentive fee purposes that's when it becomes imperative for them to beat their benchmarks, and if their benchmark is the naz-well, they are looking at beating gains of about 40% year to date no easy task there that appears though to have helped

i'll tell you what's important about this, kell de. this is the 20th big i'm yost year the 20th unicorn evaluation, float of initials over $11 billion. never had a year with 20 unicorns in fact, last year there were only nine so look at some of these names here these are the big ones, airbnb, the amount they raised initially. doordash, you can see all these numbers here h.snowflake, warner music and it goes on and on. rocket and unity software, 20. i mean, it's crazy if you would have told me in the beginning of april that this would be the second biggest year ever for ipo, i would have told you you're crazy, but it is. if you look at numbers here, we'll raise $78 billion this year in ipos so facts and circumstances the record was 2014, it was 85 billion. that was the alibaba year, to 14. >> wow. >> look how close we are this is crazy. seriously, kelly, in april, would you have ever thought we'd have the second biggest ipo year i would have said you were nuts. >> never if you told meet nasdaq would be up 40% on the year i would have sa

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you are up to date, kell can i'll see you again in an hour h.back to you. >> what was the landmark, sue? i've only been to rome once? >> a statue of the madonna, the virgin mar be, and it's the immaculate conception. today is the holy day of the immaculate conception so the pope normally does it, and it's a big -- it's at the bottom of the ropeman steps -- spanish steps, rather and they normally have thousands it of people but they can't do it this time. >> beautiful that is a good reminder. >> i know because my girls go to catholic school and they are off today so there you go. >> exactly. >> holy day of obligation. >> there you go. >> still ahead, if you build it, will they come wall street loves square and paypal's move into bitcoin and what about consumers we do have answers about what that means for the stocks which have been such a tremendous performer. >>> plus, pfizer's covid-19 vaccine requires super cold storage and as hospitals, shippers and pharmacies get red for it, they are going after one hot commodity, dry i that's allomg o"t exchange." (vo) i'm a verizon engineer, part

december 18th we're supposed to have a deal by then and we don't, and as you just heard there from kell, we hear complicated associated now with the fed in negotiations, so the bottom line is we move down in the middle of the morning as this realization came to pass. we're off of the lows but it's still tough. up for the week a little more than 1%. dow jones industrial average up, down here, the s&p and we were lower earlier in the morning in terms of the sectors, see, here's the covid winter story, the banks, the energy stocks there's real estate. these are all associated with the problems we're going to be having in the next few months dealing with the pandemic here semis have had a very good week. become has had a new high and retail a very good week. they just love buying any of these retail -- retail etfs that trade and primarily do business online speaking of online thematic tech etfs in general today, again, that's one of the things holding the market up so solar stocks, anything associated with cyber security, cloud computing, e-sports. these every single day people like to trad

billionaires are making unprecedented cash as the rest of the country suffers unheard of levels artie's kell of more pain takes a closer look. american politicians love to sing the praises of small businesses however with a pandemic going on we've got small businesses disappearing very fast at this point one 3rd of small businesses in both new york and new jersey have gone under with more expected to disappear soon it's really bad and without federal dollars coming into new jersey the monsters tool is not the establishment going to make it through the winter while small businesses are falling on hard times other folks have been raking in the benjamin's. things are going great for amazon with people stuck at home and shopping online the corporate giant has been on a hiring been with 427300 new employees in just 10 months it appears they're not afraid to kick the little guys even when they're down many small companies have told us during this year long investigation that they were mistreated abused and tossed aside by amazon the evidence we've collected the shoes that amazon is only interested

>> all right kell, it has been a sufficient year for all travel-related companies but since the hit shutdown happened in spring into summer, ski reorts avoided the worst of it, at least until now. as ski season starts these resorts are having to change the way they do business contessa brewer is live in hunter, new york, one of the busiest mountains in the east. contessa. >> reporter: you know, there is a lot of fresh snow here it is a pain to shovel but boy is it great up on the slopes the real uestion, what does covid do for the crowds that usually come out after a good nor'easter we will hit the slopes right ahead on "power lunch. this is the new iphone 12 pro with 5g! and it's on at&t, the fastest nationwide 5g network. now, new and existing customers can get our best deal. really?! mom! at&t has the deal for new and existing customers! i will. so what'd she say? wrong person. it's a guy named carl. but he's very excited and on his way. word-of-mouth advertising. it's what they did before commercials. it's not complicated. everyone gets our best deal, like the amazing iphone 12 mini on u

. >> all right, kell. >> thanks for batching "power lunch. "closing bell" starts right now. >> i'm wilfred frost along with sara eisen the nasdaq recovering a bit from yesterday's losses the dow and the s&p still in the red. let's look at what is driving the action tech higher, ned flicks and apple up 1%. jobless claims rose more than expected creating more doubts about the strength of the recovery as covid-19 cases continue to rise in the u.s. and it's once again an ipo that is center of the action today. a huge pop for airbnb in its debut. the s&p currently flat

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

getting trees delivered and getting them earlier than usual which could lead to limited supplies later kell, i hope you already have your christmas tree and are all step to go on that front. >> leslie are, i guess you didn't see rapid fire the other day of my charlie brown, sad christmas tree that's sitting on the dining room table with the tag still on it. >> that kind of tree is better than no tree at all. that's what i say. >> just wait until i get the lights on it sometime in the next three weeks. >> ta-ta. >> a strong week in the markets with the s&p and nasdaq hitting records for four straightdays and the dow hitting a record today. since it's friday we thought we'd take a look at the movers this week that don't get attention. rio tinto and bht, two top mining names rio in the green today, up more than 11% and bhp moving higher today, it up about 11% this week these moves come as the dollar has slumped to a two and a half year low bolstering commodity prices like copper copper hit a seven-year high this week. you may recall stan druckenmiller recommend both of these names rights here

saved by the bell ♪ ♪ early nineties nb 2020 streaming on peacoc pete engel show creator ♪ ♪ jessie kell zach a.c. slater the preppy hater the jessie spano dater ♪ ♪ life is greater when we're reunite i'm so excited i'm so excited ♪ ♪ i'm so scared >> time out. [ cheers and applause looks like some things never change ♪ ♪ it's alrigh cause i' saved by the it's alright ♪ ♪ cause i'm saved by the it's alright cause i'm ♪ ♪ saved by the bell [ cheers and applause >> jimmy: that's what i'm talking about. ♪ i'm saved by the i was really getting into it man. >> questlove: yeah ♪ 'cause i'm saved by the >> jimmy: oh, you know what i thought of today >> questlove: what's up? >> jimmy: well, we can't use this, but i think it's like -- if i was -- if i had johnny cash's publishing, i'd do like, "in these uncertain times, i shop online." [ laughter ] for amazon or something? >> tariq: yeah ♪ ♪ i have my car half full of things i like i got -- then i got a bike ♪ ♪ ♪ ♪ these uncertain times i shop online ♪ [ cheers and applause >> jimmy: where was i again? oh, y

. >> kell >> tell me more about that. >> some of it's so bad that it can't be captured in photographs or movies because it's so criminal, and it can only be drawn. >> wow. >> vile, and yet still not proof that he murdered lauren. so in spring 2014, nothing was certain. as lauren's family and friends prepared to go to macon for trial. >> it's like the rest of my life stopped. it was all about lauren and this trial. >> why do you think it was so important? >> she was my best friend. >> yeah. >> she meant the world to me. her family means the world to me. >> and finding the person responsible and -- >> and getting justice served was all i cared about. >> and as the two sides were ready to face off in court with stephen still claiming his innocence, the fbi probed the secrets of stephen's digital camera and recovered this. oh, my. >> the video was him spying on her the last night she was alive. >> he was all stealth. must have taped his camera to a long stick, said the prosecutor, so he could peer through lauren's window and into her apartment. chilling. here was a predator in the final s

it's been performed since spanish conquistadors arrived in the 16th century kell, you are up to date i will send it back to you. >> love it sue, thanks very much. sue herera back at headquarters. >>> as we talk about doordash and airbnb we want to take a closer look at the renaissance ipo. it's up 112% let's dig into it a little bit what's been behind the gains here are the top performers in the etf this year? mod er moderna leads the pack, the second leading vaccine candidate. zoom coming in second, up 476% and cloud flair finally is up 353%, so, again, the top holdings in theiteiev itself include moderna and zoom and also uber and pinterest. the stocks after some time are no longer considered ipos, so what happens then? companies are removed two years after their initial trading date when the stocks become what they call seasoned equities moderna will actually be removed when the ipo rebalances next week, and that will make room in cash for new companies like doordash and airbnb. speaking of moderna, it's down 11% today. >>> robinhood's public plans, that's coming up next along wit

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

host: linda kelling from staten island, new york. good morning -- calling from staten island, new york. have beenople i around smoking indoors, i don't know what they are smoking but it is not cannabis or marijuana. whatever they are smoking gives me a headache. it's either poison weed or poison ivy. their behavior is kind of hostile. i want to ask the real marijuana smokers, isn't it supposed to relax you instead of causing a hostile behavior? in addition to that, cannabis is a plant. it should not be smoked as if it is a forest fire. it is an herb. i think we have to educate our children of the younger generation. there is a better way to ingest the medicine instead of smoking it and causing lung problems in the future. host: diane calling from tucker town, new jersey. diane supports legalization. caller: good morning, sir. i have to look at the racial component. the crime bill, the more people they arrest in the crime bill, the more money the police received. this would make it a problem for people who already don't have lawyers a

kell we see a pop in day trade li tesla and apple we'll answer that question with much more "fast money," straight ahead. >>> welcome back with this bonus hour of "fast money. we are powering on with games. >> tust for having me on i have a question, is its a buy or a hold. >> before we answer travis, let's get to josh lipton for video game stocks for the new year >> no industry benefited more than video games from the pandemic global video games revenue, it is expected to surge 19% this year to finish at a whopping $205 billion pwc making the north american sports got hit by the pandemic will bring in about 76 billion what about 2021? >> i caught up with lewis ward he expects some deceleration next year as covid-19 vaccine is distributed and people can enjoy traditional form of entertainment like live sports and movie theaters he does not expect to see real deceleration until 2022. how much at that point is still unknown. those new consuls from sony and microsoft, those are hard to find right now supplies is expected to catch in demand the second quarter. lewis ward says it will grow i

republican ibts kncumbents kell loeffler and purdue. trump performed worse in counties where he held large rallies ahead of the election. joining me now, aaron haynes, latasha brown, tia mitchell, washington correspondent for the atlanta journal constitution and jelani cobb, political analyst for msnbc. if you all will indulge me for a month, i'm going to paraphrase right now. weep have research that trump showing up actually harms him beep have a graphic that shows trump as performed worse in county where he performed. what do you think his motivation is for showing up in valdosta, georgia? >> that might be one scenario why he does show up in georgia. i don't think that given the kind of perspective and, you know, tendency toward self-aggrandizement that we've seen from the president that she's likely to even concede that he might be a drag on loeffler and purdue. it was a weird dynamic even before. the other thing i'll say about this when you look at the fact that david purdue got more votes in georgia than donald trump did and the nu

outperforming the s&p for a very, very long time look at this this launch above the trend line essentially this kell rags that we have seen in the big cap tech stocks top stocks in the s&p 500, all nasdaq stocks, they account for 20% of the s&p difficult to say that the nasdaq can't gain with 40% gains and the tech sector up 40% two years in a row, but we will see. market has not done much during the last two weeks except hold near the highs >> mike n the shorter term -- we have got a long weekend coming up, some event risk as well with the georgia runoff and loss a close eye for the next couple of weeks on potentially rising case counts i mean the market has slugged politics and case counts off a couple of times. should we expect anything different coming ahead >> it is difficult to say that's going to change just because we are getting another reminder of some of the challenges i think there is a window for some of the weakness whether it is deferred selling into a new tax year. it is january, but leading into the new year we have had a lot of the overheated sectors come off the boil a lot of the

. >> all right, kell. >> thanks for batching "power lunch. "closing bell" starts right now. >> i'm wilfred frost along with sara eisen the nasdaq recovering a bit from yesterday's losses the dow and the s&p still in the red. let's look at what is driving the action tech higher, ned flicks and apple up 1%. jobless claims rose more than expected creating more doubts about the strength of the recovery as covid-19 cases continue to rise in the u.s. and it's once again an ipo that is center of the action today. a huge pop for airbnb in its debut. the s&p currently flat nasdaq up about half a percent 59 minutes left in the session down a quarter of the percent on the nasdaq sara. >> big interviews come up in the next few minutes first the ceo of barclays will be joining us to talk approximate the margaret and the global economy and deal making in the red hort ipo market it is a cnbc exclusive then a group of blue championship ceos making an announcement forming an organization called one ten to close the race gap in corporate america. members of th

georgia's senator kell debated last night both stuck to the campaign messages and senator laffler refused to acknowledge that president trump lost last month's election in the meantime, democrat after david perdue declined to participate in the debate. he used the opportunity to speak for nearly half an hour on the pandemic, stimulus relief, immigration, and much more runoff elections for georgia's two senate seats will determine control of the u.s. senate >>> when we come back, we'll talk about what has been happening with the market. check out the futures right now. you'll see that at this point it looks like the dow is down by about 150 points nasdaq off by 15 the s&p is off by 15, as well. of course, it's coming off record closes for all three of those averages up next, we'll be speaking to the world's biggest asset manager which will be unveiling the outlook for 2021 mike pooil will join us next talking about a new trading outcome that we're looking at for the next year. >>> and, later airbnb is expected to boost the price range for this week's ipo. we'll get a special report from le

if frank kell, and as the member designated by ms. bonna mitch i pursuant to h. res. 965, i inform the house that misbonamici will vote yes on the second portion of the divided question. the speaker pro tempore: for what purpose does the gentlewoman from new hampshire seek recognition? >> as the member designated by by ms. buse toss, pursuant to h. res. 965, i inform the house that mrs. bustos will vote yes on the second portion of the divided question. the speaker pro tempore: for what purpose does the gentlewoman from florida seek recognition? ms. wasserman schultz: i inform he house that mr. ms. wasserman schultz as the member designated by ms. mucarsel-powell of florida, pursuant to house resolution 965, i inform the house that ms. mucarsel-powell will vote yeah on the second portion of the divided question, as the member designated by mr. payne of new jersey, pursuant to house resolution 965, i inform the house that mr. payne will also vote yea on the second portion of the divided question. the speaker pro tempore: for what purpose does the gentleman from no