carl: yeah. bo did you get to meet greta? carl: yeah, because she was part of my group. before we went down the press conference, she helped me, like, get ready and whatever, like, 'cause was nervous. and then--'cause she's used tit. i met lots of people from all around the world. my friend, he lives at the marshall islands. he lost his home from rising sea levels. we just have to keep talking. michael: the committee will make a recommendation as to whether or not there was a fundamental right agreed to by these nations, which they have not lived up to or honored. the enigma then comes in what those nations will do in the face of that finding and that recommendation. greta: what i wod hope this result in ishat it actually changes the way we see the climatcrisis andhe way we see this, because it's so symbolic and that it will so ofhange e mindse of people. [litokne speaking marshallese] ayakha: in south africa, the 1976 soweto uprising made kids from all ages are rising up to fight the apartheid system of learning afrikaans. so there was a powerful movement, and it keeps

i believe that carl first met ray in 1971. for the symposium called mars in the mind of man that was arthur clark and bruce murray of the planetary society yet to be formed. they got together to exactly, to traverse all those boards. we were on the eve of getting our first real book and beginning to have instead of a point of light in the sky, a world that was a real place and so it was, ray made a tremendous contribution to the conversation and then i met him later on in the context of voyager when it was a symposium in that tradition called jupiter and a mind of man. this man, i don't really get but that was the kind of time it bought us and i'm glad we left that behind . that's my first recollection of actually spending some time in conversation with ray. what i recall is him and his personality, keeping his presence open and friendly, that wonderful, beautiful hair and you know, when i think of carl and ray together in conversation, i think that they're very similar thinking in that they were the kind of people who didn't

hey, rick. >> good morning, carl. yes, the treasury complex yields are holding up rather well on the long dated treasuries like 10s and 30s. intraday of 10, once again, we have failed from kind of the mid to high 90s as we are coming down one of the reasons we're coming down today in yield, outside of the obvious which is, of course, that the equities aren't sizzling in greece, not yet, is, well, technical. look at two-day of 10s yesterday's yield low was around 92 basis points. we went through that level, we accelerated. and if you open the chart up to november 1st, you can clearly see we have this double area of resistance from about the second week in november and, of course, last week with our 96 plus high yield closes, so you know where you're offsides if we start to trade above 1% look for a lot of various position changing that should give us some more momentum as the downside of price and the upside in yield. if we look at the dollar index, it is hovering at 31-month low as you see on this chart that starts ba

carl? >> yeah. david, we didn't really even discuss the google/youtube/gmail outage and they can be violated any time. >> they can. of course remember friar fireguy that investigates and breached by it would appear the russians and now pointing to a blogpost sunday the fact that the organizations that we're talking about breached with a management system made by solar winds but again to your point a story we have been following for years. the russians in particular aggressive with the chinese that focused attention on corporate america and stealing trade secrets and continues to be an issue for so many this is decision tech. find a stock based on your interests or what's trending. get real-time insights in your customized view of the market. it's smarter trading technology for smarter trading decisions. fidelity. ♪ >>> good morning, everybody. i'm sue herera. as the united states starts the largest vaccination program in its history the covid pandemic is approaching another milestone. con

carl, they've got the use protection of the fda. a handheld pcr one-time only gives you a reading in 15 minutes. the fda sanctions that it is the same as a regular pcr and what happens is, obviously, if you keep testing people, there's that window where you're infected but you can't infect and that's making it so that people go home who know, who have gotten it but haven't given it visby. v-i-s-b-y. as they ramp up, this is the company to watch nobody is talking about it it's private it can be the answer if they can ramp up for millions of handheld pcrs and it's the size of a sofa think about the way we do testing. you feel like, you get your test on tuesday and you take this and get the results say on friday. during that period that you infect people. visby. v-i-s-b-y. get used to it this is the term you're going to be hearing >> that is huge, jim, for two reasons. the argument increasingly is, all right, maybe something like that is not as effective in terms of determining whether you are sick but if you can replace it with scale

. >> good morning, carl. more than two-thirds of respondettes to the cnbc fed survey believe stocks are overvalued relative to earnings and economic growth. as overpriced as they were before the vaccine news hit. 68% of the 46 responded say prices are too high, down from 89% in september and well about equal to the view of the market before the pandemic or view of the market's valuation getting the right level of stocks is a constant push and pull between the near-term damage and devastation from the virus surge and the promise of a vaccine. 52% of respondents say the market is optimistic about the potential virus outcome, more than 300,000 dead and new lockdowns around the country 46% say the market has it about right and on the other hand, 55% say the market assessment of the promise brought by the vaccine, that's about right with 34% believing stock levels just too much optimism. all of this results in a relatively muted outlook for stocks but an outlook for higher interest rates the s&p forecast to end ne

hey, bob >> record highs around the world, carl. good morning, everybody. 8 to 1 advancing to declining stocks, great start to the month here some positive hopes on vaccine, of course. with we got start of the month here some vague reports on stimulus plans as well floating around out there. a lot of positive factors for the markets. look at the sectors, december starting out a lot like november performed with bank stocks and energy stocks in the lead. there is your value play, if you want to call it that cyclicals like industrials strong this is exact playbook of november overall health care lagging, still on the upside this is exactly what happened as i mentioned in november. energy stocks very amusing to watch energy stocks, they have become day trading ping-pong balls here generally on the upside, some had 25, 30% moves up in november but in the last few days, this ev been bouncing all over the place as people havebeen tryin to figure out what opec and intentions are and how big this spring reopening travel story is going to be.

carl, to you. >> yeah, guys. we got those retail sales numbers down 1.1 from rick santelli at 7:30 flash pmi is on the way. good morning, rick. >> good morning, carl. we'll get to the flash pmis. if you are look for retail sales to be powering equities higher, you look in the wrong place because they were weak minus 1.1 on headline and everything there after was negative except autos and gas. the market is still firm look at intraday of 10s. not only did it pop about five minutes ago and eased back a bit, but look at two-day, we gained a lot of basis points leading in today's fed day, of course, the decision shouldn't be a surprise to anybody because most likely we're not going to see any significant changes. but, all depends on what you think significant is at some point a taper must be in order as vaccines start to get distributed. and if you continue to look at the charts, the next chart that is super important you want to pay attention to is what is going on in bunds. bund yields have moved quite a bit in the

i'm jon fortt with carl quintanilla and deirdre. we are awaiting the opening of doordash latest indications on doordash, by the way, $145 to $150 we're also expecting the latest company from billionaire and systems co-founder tom seible. airbnb expected tomorrow deirdre, where doordash is indicating, we're getting toward the $50 billion market cap range, which i've got to admit i've been hard on softbank lately and the thesis, but they bet pretty big on this name and that, combined with a reversal in uber's fortunes, means soft bar bank is looking okay for 2020. >> we know they've had a number of flops, jon. it's interesting because at softbank, the biggest investor only invested in 2018, so a late-stage growth round set to reap billions. i spoke to tony xu earlier today and he said that you can't give all the credit to softbank, they were growing before. there's a question we have, especially when it comes to these gig economy companies, can capital be used asa weapon i think what we're learning with doordash, especially after seei

bob woodward, carl bernstein, thank you. >> great act of courage. >> carl, thanks. even as we've been talking, the covid death toll has been climbing. in the hour we've been on the air, it has risen to more than 2,700. that's the second highest single day death toll. still three hours until the day ends. at least 276,148 people have now died in this country from this virus. i want to hand it over to jake for president-elect joe biden and vice president-elect kamala harris' first joint interview since winning the white house. >>> welcome to this cnn special event, the first joint interview with president-elect joe biden and vice president-elect kamala harris. i'm jake tapper live in washington, d.c. in 48 days, this building behind me will be under new management. after taking the oath of office, president biden and vice president harris will take charge of a nation truly in crisis. there has never been a worse time in the coronavirus pandemic in the u.s. than right now, and it is only expected to get worse. the nation just recorded the atghest number of coronavirus

i'm carl quintanilla with david faber and kayla tausche. fresh record high despite a jobs number that comes in below expectations a lot of disappointment being eased by continued hopes about vaccine delivery in the coming months and the hopes for a stimulus package being put together in the coming days, ahead of a potential vote next week and those constructive comments from leader mcconnell right now, factory orders with rick santelli. hey, rick. >> yes, hi, carl do note interest rates have been moving up since the number all right, october read on factory orders expected up .8% a bit better than that up a full 1% if we strip out transportation, it is still at 1%, but without transportation, that's exactly as we're expecting now let's switch gears to durable goods orders we replace october midmonth with october final. we're expecting 1.3, 1.3 is what we have under durable good orders and that was the midmonth read as well so this is a number as expected, and if we strip out transportation very similar to factory orders, it is still up 1.3.

top of the hour to rick santelli >> good morning, carl. indeed, when i look back at the gdp, not only was it a bit better than expected, personal income number at 41% is very solid. and gdp for the fourth quarter is showing a number a little north of 11% so 2020 has been a horrible year when you think corona. but for a stand point of markets and net change if we get a gdp that is at 11% like it landed gdp now thinks, it is going to put this 2020 much closer to the 0 mark still down, but not a super lot. we'll put a pen to it later and look at that if we look at what is going on in the markets, pretty easy. look at 24 hour of 10s, u-turn, you open it up to one week, mid-90s, that's what stops the market if you open it up to early august, august 4th, i want to remind you, the lowest yield close of all time, half of 1%, you can see, i mean, we almost doubled from half of 1% to almost 1%. so rates are definitely foreign minister a bfirm a bit the intersection of what the fed is trying to do with managing rates and the economy will do post covi

that's the key point, carl, if market conditions hold up. if we have a weaker economy, of course ipos and spac will suffer along with everybody else. carl, back to you. yeah what an amazing development though for this year so far, bob. thanks bob pisani taking a look at snowflake today. off a bit. shares tripled since the september ipo. that is not the only reason why ceo is smiling weechlt explain after a break. it's been a tough year. and now with q4 wrapping up, the north pole has to be feeling the heat. it's okay santa, let's workflow it. workflow it...? with the now platform, we can catch problems before customers even know they're problems. wait... a hose? what kid wants a hose?! fireman? says "hose" it says "horse"! not a "hose"! cedric! get over here! now our people can collaborate across silos, from across the globe. so how's the new place? it's a 4 bed, 2.5 bath igloo... it's great! yeah, but you have to live in the south pole. sir... wait, are you sure? yes, we're that productive now. you hear that?! the kids get twice the present

i'm carl quintanilla with jim cramer, david faber. it is risk off as the s&p is on track for the first weekly loss in three, the worst weekly loss in six, actually, amid fears of a no deal brexit vaccine supply, stimulus as the government faces a budget shutdown at midnight tonight our road map begins with pfizer, though, the fda says it will move to finalize that panel recommendation for emergency use. >> plus, seeking streaming domination, disney outlines its growth plans, projecting up to 350 million subscribers across its platforms by 2024. and stimulus or we can also just call it relief, well, it seems to be stalled again. stocks set to open lower as the fate of a bipartisan plan to get some money out of congress now looks more uncertain, carl >> guys, jim, art cashin yesterday suggested that the rally was showing signs of getting a little tired is today confirmation of that? >> yes, it is. one of my favorite technicians, i'm sure art's too, larry williams, been around forever. he's a great guy i read a lot of his books. we did s

carl: absolutely. i hate to be glib in such a critical moment with so much suffering and loss of life, but for the economy, it is a little bit of that wiley coyote moment. we have gone over the cliff, but we have not looked down yet. that is the case for november. we had a spike in case counts and lockdown measures. that happened in the later of the month. it was the first and second week of the month when the jobs report was tallied. those measures came too late to impact this report. november should still be fairly robust. probably continuing that deceleration we have seen. december, however, will be a very different story. francine: what will we see in december? carl: in december, the possibility is there that we could see a negative cable print. all of this recovery and robust , the health the second half of the year is not going to -ive up -- the house young - halcyon second half of the year is not going to hold up. we are going to see high-frequency indicators starting to reflect that tightening

carl >> all right, guys a lot to get to today. we'll talk some salesforce, slack with jim in a minute this uk approval and the hopes that the fda is just about a week behind. >> look, we have to think about the number, the amount of vaccines out there, about 40 million. people are worried about 40 million in the united states this is only 20 million people 20 million people take care of all first responders, and we take care of the people in long-term care in our country. i don't think they're taking our vaccines we're going to have enough but this is monumental it is going to put incredible pressure on our own regulators to get this so we'll have this within the next ten days and david knows that i am bullish on this, that i was not even as bullish, i was not bullish enough, david, because the uk, which has a very serious group of medical people is saying, let's get it done. uk is not some third world country. >> no, it is not no, it is not. and we're waiting, and we're obviously focused on this and the distribution, we heard fro

these are all three areas that are within our reach in congress. >> freda, carl? >> i would suggest a couple of things, the value-based pricing ask the question, value to whom? into begin to use data more powerfully to articulate benefit requirements and again, the same for affordability to begin to think about, kavita made the point earlier that healthcare is local. and really beginning to understand what some of the potential impacts are of the cost, the out-of-pocket cost and the value or the benefit that is derived and that becomes important. and again data availability and , data analytics and transparency on what goes into these calculations if you would , i think is an important opportunity as well. carl, as you answer and i don't -- i don't know if anybody will have this but i interviewed stabenow thebie other day and she has an idea of letting people buy-in about medicare at 50. i'm interested in whether not you agree with that approach or not and those kinds of things where it's not the government doing everything but it's a , public-private partnership

our kate rooney explains hi, kate >> hi, carl. big banks were hoping to win the battle for the next generation of customers the so far, they're having more success being the back office for more innovative tech platforms. this time it's with stripe the $36 billion payments giant is teaming up with goldman sachs, citi, barclay's and evolve to offer banking service to the customers the announcement is the latest a string of the big marriages we had google and citi a few weeks ago and apple and goldman sachs with the apple card, this is a big shift for the industry as the banks move behind the scenes in the partnerships, banks are becoming service providers and rely on stripe and google for distribution as arc analyst put it, they're becoming detached from any true customer interaction he says they command less leverage and smaller share of the economics. the new catch phrase for this is banking as a service they're calling it bass. similar to sas or software as a service. they say the industry could risk losing up to 40% of its $1.4

good morning, bob. >> good morning, carl. somewhat flattish open, but december so far at least is looking a lot like november. and that's generally a positive thing given november numbers look at the sectors today, once again, 2 1/2 days of trading we had, bank stocks and energy stocks have been leading the way. but technology is also up this week in general. so that's pretty good here little flattish here as you see. by and large, looking like november consumer staples and some of the other more defensive names are lagging the overall markets. this is just first two and a half days. still pretty positive overall. just want to highlight what has been going on with the airlines, positive comments from delta, of course, but the jets etf, the main airline etf has seen a huge amount of trading and creation of new stock in that particular etf. so a lot of interest, i think some of this is retail, this is the highest level fo since going back to march. it had quite a climb back and the amount of stock that has been created around t

carl, that invention point so important. he was certainly know being at amazon and creating aws i like that anecdote. you go out in the meeting and they rift on a white board how do you do that virtually do you have breakout rooms do you get the same invention? >> i think the big amazon employee perk at this point might be amazon stock. >> there you go. >> meantime, you heard us break this earlier on squawk the nasdaq asking to approve a new rule that requires diversity on corporate boards. 2,349 companies listed will be required to have one woman and one minority or face reprecushions. you can read more on the story wee nbco 'rback in a moment ♪ ♪ ♪ ♪ ♪ >>> interesting setup this morning at senate banking as the fed chair and treasury secretary talk about potential stimulus even as we get a parallel track compromise proposal from various senators steve liesman is watching all this >> good morning. yeah, fiery hearing going on focusing on the controversial decision to treasury secretary steve mnuchin to end emergen

. >> hey, carl, that's right door dash set to price its ipo after the market closes today. door dash has already gotten greater-than-expected demand, to hike its range and indicate to investors that it plans to price at the high end or above that boosted range. there's no doubt that 2020 has been door dash's year. the company has seen profits quadruple and posted a quarter of a profit in the second quarter. restaurant dining rooms around the country closed or partially closed, consumers have turned increasingly to delivery doordash is the leader in the number one spot in the u.s. for online food delivery that's something investors may be willing to pay for, but on a fully diluted basis on an enterprise value to future sales that puts doordash's multiple somewhere around several times 11 turns above its peers looming question of sustainability doordash has shown its resilience in 2020 but what does its future growth prospects look like once the pandemic is over that's a conversation they're having over, and over, and over again with investors over the last week. >> certainly

i'm jon fortt with carl. the s&p 500 and nasdaq off by more than 1.5% and on "squawk alley," beyond the morning's action, land of the giants, whether it is the big tech's names influence on the mashlgts, fighrkets, fights other other the tech giants continue to

carl, stocks can go down stop trading what can i say now it is going up oh, lord help us, carl >> i'm trying, guys. we'll take a break as we said earlier, tony xu of doordash will join us and dwayne johnson later on today some record highs on the dow, the s&p, disney all time high, 156. don't go away. do you have a life insurance policy you no longer need? now you can sell your policy, even a term policy, for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized that we needed a way to supplement our income. if you have one hundred thousand dollars or more of life insurance you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit conventrydirect.com to find out if you policy qualifies. or call the number on your screen. coventry direct, redefining insurance. this holiday, get iphone 12 on the 5g america's been waiting for. this new iphone plus verizon 5g is incredible. switch now and get iphone 12 pro max on us. unlimited plans start at just $35. this is 5g from america's

hey, rick. >> reporter: good morning, carl. there's a lot of stories out movement on the deal with regard to brexit even though pretty much we know brexit's going to occur, just a matter of the details. how nasty it ultimately is going to be. the other big story, of course, is president trump and the issue regarding those checks they don't seem to have had a huge effect on the market. many markets are closed. look at one week of treasuries on the 10-year note yield. it starts on friday where we close at 95 basis points we're not that much changed. we haven't had a huge range although volume is pretty good krk it's holiday time. you open up the chart, what you see is we're concentrating on one area, early december's 90 basis points we close above those levels, you start to trade at levels we haven't seen since pre-covid that would be considered a breakout back to the foreign exchange, you know, the british pound, everybody's looking at the pound today. there's some nuance of this. one week with the pound versus the dollar, thing

>> now i hear you. >> i've heard wonderful things about the three of you, carl i've talked to before, haven't seen freda in a while and kavita in a while, thinking to the three of you this is supposed to be a forward-looking moment, in this time of stress, healthcare stress, i started out with kavita, i said you're working at a think tank and working at doing real health, real-time, real people and you're a public policy group, what do you think it incoming by dinner administration has to do to change the lives in the vector of health for people you're dealing with right now i see you're in your medical facility which is totally cool. >> thank you for having me it is great to be with carlton freda as well, i'll be sure about it everything is covid, covid, covid but to me covid has lifted up all the things that you have talked about for years, what you talking about today, disparities, lack of equity, by the way this is not just for lower economic, lower education communities that have been affected with the lower education, lower income, this is throughout the healthcare system, it is

hey, brian. >> carl, let's talk about. this the delicate dance between two things, temperature and time to get this vaccine out to rural america. now this is not the vaccine. fwh but this is an exact mock-up. this is 975 from morson dixon in shreveport, louisiana. this is a palette. it has to come off the pfizer truck. immediately you put it in one of these ultra cold freezers. negative 77 and negative 80 degrees celsius. incredibly important. these guys, by the way, $20,000 each. ultra cold and hot storage. this is where it gets really manual and why you need the expertise of 178-year-old company. comes out of the freezer like this. but a hospital may not need all 975 doses. to manually, they'll have a team that is going to put them into these smaller containers, put them into this cooler. by the way, it is not the normal backyard cooler. it's got a temperature gauge every ten seconds that is monitored and sent back to a control station because if in any part of this process the vaccine warms up or is out too long, you ri

brian chesky will join us live this hour. >> plus, tech stocks as becky said and carl mentioned have gotten hit the nasdaq coming off the worst day in six weeks and it is set yet again for a lower open and we're keeping an eye on facebook, of course. it is moving, that is the stock lower on the premarket this after a pair of lawsuits filed by the federal trade commission and then 48 separate states, all accusing the company of engaging in anti-competitive behavior, carl something we just heard jim talking with joe about over to you. >> yeah. a lot to get to on that. of course, airbnb will be the lead this morning, jim coming off of doordash yesterday, 47 billion valuation as we said going to raise 3.7 that's the biggest of the year. >> look, i think one of the things that really if you look at the timing of yesterday's market, as we heard over and over again, the doordash price, the nasdaq kept going down as almost as if there was a one for one, where people had to sell whatever they owned and get into the latest and greatest look, my biggest fear is that we're going to get bnb rever

alley" is live ♪ ♪ i'm getting my thrill ♪ from now on >>> good wednesday morning i am jon fortt with carl quintanilla and july borstin. salesforce is buying slack for more than $27 billion. that's the biggest acquisition for the dow component. the ceo talked about the deal last night on "mad money." >> slack changes everything and makes salesforce a whole new type of company, a company that is truly architected to work from anywhere. now, we have already introduced salesforce work from anywhere a couple months ago, but now with slack it really supercharges our approaches and lets all of our customers re-architect their workforce to be truly from anywhere. >> i'm going to go out on a limb and say this is certainly the software deal, maybe the technology deal of this covid period, because if not for ibm red hat, this would be the biggest software deal ever benioff says this changes everything i don't know if it changes it for the better or worse, but they're paying about 30 times revenue here >> yes, this is certainly the biggest deal that mark benioff has ever done at salesforce. i think i

thanks carl, back to you. >> thank you >> merry christmas >> jane, that was great. what a great discussion. our thanks to barry and alex and jane we will jane wells good morning, everybody. it's 8:00 a.m. in california and 11:00 a.m. on wall street and "squawk alley" is live. >> good tuesday morning. welcome to "squawk alley." i'm jon fortt withing canni car. google is over hot water in the power over the diblgtal advertising market and now allegation that's they've been work together quietly to maintain that power they may not be dead after all reuters out with a report saying that self driving car may be just three years away. julia, to talk first about this advertising thing, google and facebook that has to be what comes to mind when you by this two powerful companies potentially even talking about the power on regular basis. that's a new potentially significant rink will in this conversation about big tech. >> certainly and big tech is really facing so much scrutiny right now from an antitrust perspective. we think about the way that google dominates search and

i'm jon fortt with carl. the s&p 500 and nasdaq off by more than 1.5% and on "squawk alley," beyond the morning's action, land of the giants, whether it is the big tech's names influence on the mashlgts, fighrkets, fights other other the tech giants continue to change the landscape. we'll talk to head of the antitrust division at the department of justice. and we'll talk to kara swisher about the data fight between apple and facebook a little later in the hour, carl. but big tech is leading big marks as usual >> yeah. we spent most of the morning, jon, talking about the market dynamics overall, the vaccine distribution, the conditioningtiaconditioningressl stimulus and the way banks have shown leadership nice to carve out time to talk about antitrust. o than point, it's been such a big story over the last eight or nine weeks, we're joined by julia boorstin who has a very special guest. >> thanks so much. i'm joined now by the u.s. district attorney for the department of justice and he is talking with us today

carl was no spy. he was a faithless husband put he was not a spy. several months after the war he was released from prison and he was deported never to return to the united states. throughout the country german music and german musicians were the object of anti-german hatred. in new york city in the 1917, 1918 concert season no german opera would be performed. you german sings were fired. the opera house had become an extension of the battlefield. a ban was also placed on orchestral pieces by living german composers. there were some who opposed this decision. they thought it was completely foolish. these were mainly the musical universalists. one publication said the notion of banning all the music by german composers was absurd. after all one critic said if he were to die tomorrow his music would suddenly become acceptable. how silly was that? the music of living german composers was a special target. wagner operas were also banned. in the city of pittsburgh all german music completely was proscribed. cincinnati had a very distinguished conductor w

i'm jon fortt with carl quintanilla. it is cloud week on "squawk alley. if you were betting against snowflake, wur oyou're out in t cold this morning. that stock up is 12% same for cloud security and authentication specialist okta we're going to talk to the ceo to see if this thing may stabilize from here or go higher splunk, that is the sound of a cloud stock dropping 22% after missing sales guidance for the third quarterer in -- quarter in a row. all this happening as amazon's cloud conference is in full swing. salesforce announced the second biggest software acquisition ever and we started the week on "squawk alley" talking to ibm president jim whitehurst who came to big blue in what and is still thelargest software acquisition ever redhat driven by a hybrid cloud. julia, investors are betting on further growth from already heady levels we can certainly see that in what is happening with snowflake this morning it is reapproaching the highs that some people thought were just impossible after the ipo. but, you know, these results were better than expecte

it is incredible carl >> yeah. guys, 2s, 10s, steepest since february of '18. we got a very brief record high on the nasdaq and the russell. let's get to bob pisani. hey, bob >> good morning, guys. yield curve steepening that's been a big help to the banks recently, friday announcements really helping as well modest upside today, 4-1 advancing to declining stocks at the open take a look at the sectors little more -- there is your ten-year note. see that moving up like that, you get over .9 there, people start paying attention banks up too on that energy stocks, modestly on the upside they have been laggards, these cyclical names for the last few days, industrials as well, they're modestly on the upside and the more growth oriented technology and consumer discretionary lagging a little bit. what people keep buying every single day and i sound like a broken record talking about these thematic tech etfs, every day, clean energy and solar stocks and 3-d printing and lithium battery etfs and gaming etfs, people love buying these, creations of these etfs this year ha

also with us, author of many best sellers, cnn political analyst, carl bernstein. andrew, what is your reaction to the "washington post" reporting about the president and the attorney general? >> so, i am a little more cynical about bill barr. he was perfectly happy to be the emanuencis for the president, when the president was riding high. and it's hard to not use the analogy of, you know, rats fleeing a sinking ship. and now that he is no longer in power, he's willing to separate himself. you know, i think it remains to be seen, whether he really pushed back on john durham, for instance, and really wanted to do the president's bidding. i think there is a lot more to come, on that story. so, you know, i think bill barr. it's -- it's a little too little, way too late, to say that he's really having some integrity here. >> carl, what would firing the attorney general during a lame-duck presidency actually accomplish? >> it would make the base, perhaps, happy. and continue to project the image of trump as aggrieved and raging. everything that trump does is really abo

carl: we have to be optimistic and flexible. that means that if we cannot guarantee a safe and healthy vironment, we will have to singapore government has the situationnder control, so i'm very optimistic. >> some of the peopl tthat you see world economic healthiest in the world. the wealthy have gouten wealthier,eople are falling for the cracks. what is the lesson from this season? carl: you are right, since it i a gap that cannot be unaddressed initiative, we tried to bring people together, business leaders, government leaders, civil society and so on to address the differing cap siu have in the worl and a gap between those who are ft behind is a high priority. there are two sides. fit we have to see thel innovative fis systems, which may have some redistribution effect. and we have to address the issue from the bottom up, which means to create jobs, jobs, jobs. in my opinion, that is a big challenge for the future, to reinvigorate everybody into providg skills, which we need for the econom>>of the future. sewed jobs -- so, jo

ben levinson, carl english, jack howe. happy new year's guys, we made it through 2020. >> happy new year to to you. jack: jack, you got the 2020 haircut, looking relaxed. betting on better year to come? >> dog and i got both haircuts the same day. we each have our own clippers, jack. yes, definitely will abettor year in 2021. the bar is low. the end of the pandemic is in sight with the vaccines. made it through a bitter election. through forest fires and murder hornets. if we get out of january and it doesn't start raining burning diapers i think we'll say we're off to a strong start. jack: i think after the burning diapers comment it is time to move back to the stock market. look, without amazon my kids would not have had a crate christmas. jack you're looking at the stock. the stockholders are happy too, 70% it was up this year? >> a absolutely. you can call it a pandemic stock. revenues grew 35%ish in 2020 but it is not just a pandemic stock because when you look in the years to come, revenue growth is projected at 15 t

sweden's king carl gustaf has said his country failed in fighting the coronavirus after the country recorded 350,000 cases and more than 7000 deaths.

see you monday >> indeed we will, carl. welcome to the halftime report front and center this hour, the great debate over your money, what this week's red hot ipos say about the state of stocks. why it's not necessarily a sign of too much euphoria joining me for the hour, jim levle leventhal, jason snipe is principal of odyssey capital vi advisers and michael farr. take a look at where we are trading this friday, right across the b

there are people that can benefit from having this very corrupt personal interests that as carl said is really driving what happens in the white house. >> and in your book, you drew a parallel of president trump march donni pardoning the power in the mob. the president has the power to pardon to reward those who stayed loyal. do you think is legal for the president to pardon himself? >> i think the issue of him pardoning his friends and family, the power is so broad. you can't pardon for state crimes and future crimes. the supreme court may have the decide the issue whether you can pardon yourself. you know clearly that was not contemplated by the framers. we'll see if that ends up getting tested on the court of law. >> if you are president trump, you have the power to the office available for you the next 49 da i da days,what do you do? you are showing no interests protecting the country from the pandemic. >> the first person he wants to protect is paul manafort and whom there is considerable evidence was in contact with russian principles and others and passed information from the

i'm jon fortt with carl quintanilla and julia boorstin we're going to try to give you a peek at the future, what tech trends will be important in 2021 will 2020 winners continue to run? j joanna stern is going to give us a consumer tech take we're going to hear from marvel's ceo on semiconductors, carl >> yeah. we're going to kick it would have a real treat, jon our first guest this hour, giving us a sneak preview of her best tech predictions for the coming year, "the wall street journal's" joanna stern joins us this morning also, of course, a cnbc contributor. merry christmas, happy holidays, good to see you. >> good to see you too happy holidays. >> we've got -- i love your list i just want to go through what i'm guessing is one of your favorites and that is it's going to be a big year for, i don't know, a stair step function of the chip >> you know how much i love lap tops i do think -- let's set this straight 2020 was the year of the laptop. it was a huge year we relied on them much more for work, for school and then apple had this giant announcement at the end of the year where they i

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let's get to the judge >> carl, thanks. welcome to "the halftime report." the turn of the growth trade, whether it's the bet for your money for the next few months? we debate and discuss that with our committee. let's go to the wall and look at stocks and see where they are today. the president throwing an 11th-hour wrench into the stimulus push. unclear what that means to the final bill, which ha

>> let me put it that way, carl. we have had this type of conversation many times in the past going back to the attorney general days. the only organization that we re looking at for possible criminal activity at this point is the organization you mentioned. the department of health is constantly and the new york state inspector general is constantly and the attorney general's office is constantly looking at organizations and looking at the distribution system. the only organization that we -- that is being investigated for criminal fraud at this time is the organization you mentioned. happy new year, everyone. i'll talk to you before then but appy new year. announcer: with covid-19 legislation approved by congress and covid-19 vaccines being administered, use our website, c-span.org/coronavirus. watch our searchable video any time on demand and track the spread with interactive maps all at c-span.org/coronavirus. >> today the house was able to override president trump's veto of a $740 billion defense authorization b