us money reserve has proudly served hundreds of thousands of clients worldwide. there may have never been a better time to start diversifying your assets with physical gold and silver. and right now it's easy to get started. pick up the phone right now, call to receive the complete guide to protecting your hard earned assets. don't put it off another day. the call is free and you'll speak with one of the us money reserve account specialists who will get you your free information guide in the mail right away. - i enjoy buying gold. gold has protected me. i feel comfortable when i got involved with gold and something i could physically touch. i have it and i have it secured. of all my years involvement with buying gold it's only gotten better in my faith in the company, the us money reserve. that's the company i do business with and i don't see doing business with anyone else. - (narrator)if you've bought gold in the past, or would like to learn more about why physical gold should be an important part of your portfolio, call to receive the complete guide to buying

us money reserve has proudly served hundreds of thousands of clients worldwide. there may have never been a better time to start diversifying your assets with physical gold and silver. and right now it's easy to get started. pick up the phone right now, call to receive the complete guide to protecting your hard earned assets. don't put it off another day. the call is free and you'll speak with one of the us money reserve account specialists who will get you your free information guide in the mail right away. - i enjoy buying gold. gold has protected me. i feel comfortable when i got involved with gold and something i could physically touch. i have it and i have it secured. of all my years involvement with buying gold it's only gotten better in my faith in the company, the us money reserve. that's the company i do business with and i don't see doing business with anyone else. - (narrator)if you've bought gold in the past, or would like to learn more about why physical gold should be an important part of your portfolio, call to receive the complete guide to buying

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i would not use anyone else, honestly. - [narrator] call and ask the experts at us money reserve to send you their free information package. it's full of everything that you need to know about getting started on your self-directed ira today. you don't want to wait for the next market crash. with your money in a secure precious metals account, you can stop worrying about your retirement and start looking forward to it. cheryl: got a fox business alert for you right now. taking a look at barnes and noble education stock. this is the college textbook are tailer after promising investors more cost-cutting measures in the coming months ahead of expected shifts to online learning in the spring semester. poor kids out there. up about 7%. chinese e-commerce giant alibaba bouncing back after a christmas eve selloff, what was once china's most valuable company on track for its best day in nearly three months, stock up more than 7%. and then the vaccine makers are seeing green today. astrazeneca, johnson & johnson, novavax all moving higher on reports their covid vaccines could all be approved for

i would not use anyone else, honestly. - [narrator] call and ask the experts at us money reserve to send you their free information package. it's full of everything that you need to know about getting started on your self-directed ira today. you don't want to wait for the next market crash. with your money in a secure precious metals account, you can stop worrying about your retirement and start looking forward to it. ♪. liz: all right. look at the semiconductor makers. they are slipping after another big tech company plans to take a page out of apple's book by making its own chips. ashley, we just had the news that apple is going to be making its own driverless vehicles and possibly batteries to go with it. what are we talking about here? ashley: we're talking about microsoft, liz. reports say that the company is looking to in-house processor in azure cloud division and perhaps devices. amazon this month unveiled new chips that promised to speed up how a.i. algorithms learn from data. and amazon by the way designing other processes for its amazon web services and google, well, google

us money reserve has proudly served hundreds of thousands of clients worldwide. there may have never been a better time to start diversifying your assets with physical gold and silver. and right now it's easy to get started. pick up the phone right now, call to receive the complete guide to protecting your hard earned assets. don't put it off another day. the call is free and you'll speak with one of the us money reserve account specialists who will get you your free information guide in the mail right away. - i enjoy buying gold. gold has protected me. i feel comfortable when i got involved with gold and something i could physically touch. i have it and i have it secured. of all my years involvement with buying gold it's only gotten better in my faith in the company, the us money reserve. that's the company i do business with and i don't see doing business with anyone else. - (narrator)if you've bought gold in the past, or would like to learn more about why physical gold should be an important part of your portfolio, call to receive the complete guide to buying

us money reserve has proudly served hundreds of thousands of clients worldwide. there may have never been a better time to start diversifying your assets with physical gold and silver. and right now it's easy to get started. pick up the phone right now, call to receive the complete guide to protecting your hard earned assets. don't put it off another day. the call is free and you'll speak with one of the us money reserve account specialists who will get you your free information guide in the mail right away. - i enjoy buying gold. gold has protected me. i feel comfortable when i got involved with gold and something i could physically touch. i have it and i have it secured. of all my years involvement with buying gold it's only gotten better in my faith in the company, the us money reserve. that's the company i do business with and i don't see doing business with anyone else. - (narrator)if you've bought gold in the past, or would like to learn more about why physical gold should be an important part of your portfolio, call to receive the complete guide to buying

call and ask the experts at us money reserve to send you their free information package, it's full of everything that you need to know about getting started on your self-directed ira today. us money reserve agents are knowledgeable in all aspects of self-directed iras, and they can help you from the beginning to the end. - the us money reserve i highly recommend it to anybody out there looking for an alternative to these dangerous times. - what they've done for me in my portfolio is i couldn't ask for anything better, i really couldn't. - i would recommend us money reserve without any hesitation, or reservation to anyone. i would not use anyone else, honestly. - securing your savings with gold or silver, and a self-directed ira is an easy way to protect your financial future so you don't want to wait for the next market crash. make the call today, you'll be glad you did. stuart: we been open for two hours and that is the stock market and it's a go nowhere day. minor gains for the s&p and the nasdaq, a minor loss for the doubt. move on, show me starbucks. how about this? they are suspe

i would not use anyone else, honestly. - [narrator] call and ask the experts at us money reserve to send you their free information package. it's full of everything that you need to know about getting started on your self-directed ira today. you don't want to wait for the next market crash. with your money in a secure precious metals account, you can stop worrying about your retirement and start looking forward to it. ♪ stuart: the rally is holding but just the dow is up 102, nasdaq up 144 and that's a rally. then there is this, white house confirms reports that the treasury and commerce departments were hacked by a foreign government or certainly the russians. wilbur ross commerce secretary joins us now. mr. secretary, what did the hackers get away with? what did they get into? and what are the invocations? >> well, you can be sure they weren't after my wife's recipes for thanksgiving turkey stuffing but under our protocol with the intelligence community we really can't get into further details because if we did it would give them a clue as to how far along we are with understanding h

money reserve is one of the most dependable gold distributors in america. charles: all right, folks, we are heading into the final hour of trading as nationwide covid vaccine rolls out. what do we need to look for as we move past this, how can we capitalize on a return to normalcy? i want to bring in crossmark global investments chief market strategist victoria fernandez. victoria, the vaccine is here, it's being rolled out. you can argue a lot of that's built into this market already but you can also feel that it seems to me this market wants to find a way to move higher from here, but i'm not sure what the next catalyst is going to be. >> yeah, you're right, charles. we do have a lot of momentum from covid headlines. it's one thing to see people start getting the vaccines here in the united states, see the trucks roll out with the vaccines and that's given some positive momentum to the market. we saw that this morning at the open. i think we do have to be a little cautious as we have seen today, the market has pulled back some. it's short-lived momentum.

money reserve is one of the most dependable gold distributors in america. ♪. liz: closing bell four minutes away. the nasdaq and russell 2000 will be the clear winners unless something dramatically changes in the next three minutes. both will close at records. apple's autonomous vehicles per races a major booster in at least the nasdaq. here is this breaking news. elon musk just tweeted and he is responding to the apple competition moments ago tweeting that quote, in tesla's darkest days of the model 3 program where they had all kinds of production difficulties and elon wag sleeping overnight at the plant trying to figure out what to do, elon musk says he asked tim cook for a meeting around the apple ceo refused to take his call. always some drama. always some drama. but he is probably thrilled he didn't take that call because the stock is up more than 600% this, yeah, this year. so okay. let's see. we'll see what happens. all right. we're nine days away from the end of 2020. are we truly heading toward the roaring 2021? our countdown closer gus is hudson vall

money reserve is one of the most dependable gold distributors in america. ♪ liz: you guys, i am keeping my eye, as my whole team is, on any breaking news that comes out of the capitol about this stimulus plan. but as millions of small buzzes wait on washington, d.c -- businesses wait with on washington, d.c., if many are turning to godaddy while they wait. but look at godaddy's stock. it is charging higher today, hitting all-time highs, up to 87.90 as investors hear and cheer their latest purchase. that will make it even easier for small businesses and all businesses to grow. the web-hosting company has announced t buying payments processer point for $365 million. says it looks to talk on companies like shop few and square. joining us now in a fox business exclusive, awe man bhutani, the ceo of godaddy. this is very interesting to me because it almost looks to me, aman, that you guys want to be the one-stop shopping lower case to set up a website and start moving a business alone. >> liz, it's great to be back on your show. thanks for having me. we are coming off two record quarters in

money reserve is one of the most dependable gold distributors in america. liz: fox business alert. apple is twisting the knife on intel's stock in this final hour of trade. take a look at shares of the world's largest semiconductor company. it is the biggest drag on the dow 30, with intel shares falling four full percentage points. apple doubling down on its own n1 silicon chip so no more intel inside. investors are reading that apple is closer now than ever to leaving intel's chips behind for good. apple chips will be used in the new mac book pro, it's imac and mac pro computers. >>> photography giant turned drug producer eastman kodak skyrocketing after the u.s. international development finance investigation found no wrongdoing regarding the stalled u.s. government loan to the company. telling lawmakers it found no evidence that kodak executives had any conflicts of interest in the plans. look at that gain, up 53% for kodk. >>> check out bitcoin. bitcoin is still holding above $19,000 after hitting a new record high just one week ago. we are at $19,150 p

money reserve is one of the most dependable gold distributors in america. >>> on the port. this morning, piper comes out and says the gral. the blood drop that gives you all sorts of information different companies under appreciated by wall street i totally agree. >> how about tonight >> one of my favorite executives from the container store is retiring i'm going goif her a swan song fantastic job. and jeff lawson who runs twillio and the wonderful thing he's doing to keep people from being hungry we should talk about this all the time many people out there doing great things, even more than the government much which is shocking >>> good tuesday morning, welcome to "sqwawk on the street." bit of a reversal. nasdaq is leading the dow. gdp this morning consumer confidence. time for santelli. >> definitely a miss on consumer confidence december read. we are expecting a number around 97 coming off a number light at 96.1 88.8 this guy greeces this is the weakest number since august 86.3 88.6 we look at present situation and move from 105.9 down to 90.3 expectations and what may

money reserve is one of the most dependable gold distributors in america. you might think you were born with a slow metabolism.d to lose weight, that's exactly what these people thought. (woman) i lost 75 pounds with golo. (announcer) nambu lost 48 pounds. hannah lost 60 pounds. and graham lost 131 pounds. how? they went to golo.com. now it's your turn to lose weight quickly and easily with golo. head to golo.com now. that's g-o-l-o.com. ♪ david: checking the markets and there has been a pullback. s&p just got back into the green. it was in the red but it looks like nasdaq is solidly in the red down half a percentage point. again when markets opened about an hour ago it looked like they would all stay in the green. things have turned a little sour. looking at the s&p to go in the red again as the dow jones has fallen as well. s&p and dow jones in the green. nasdaq in the red. 2020 has been a very tough year for small businesses in particular between the pandemic forcing them to close their doors, rioters causing in millions of damages many will never open

us money reserve is one of the most dependable gold distributors in america. >>> welcome back to "squawk box" this morning a couple headlines to bring you. amazon warehouse workers in alabama are going to be allowed to hold a unionization vote. it is the first such vote on the company since 2014 also on the docket, the fda giving the okay to rapid covid tests for at-home use. the $25 nasal swab test does require a doctor's prescription. meantime, boeing reportedly hiring up to 160 pilots to be placed with airlines this is part of the aerospace giant's push to make sure the 737 max makes a strong comeback after a two-year safety grounding. we're back with a lot more on "squawk box" right after this. >>> let's take a look at what's coming up with data. we are looking for data in just a few secondsme right now the dow futures indicated up by 115 points you've got the s&p indicated up by 18 points, and you've also got the nasdaq up by 57. the nasdaq, remember, closed at a record high once again yesterday, and in fact, the s&p 500, and nasdaq are on track to open at record intraday highs this

money reserve is one of the most dependable gold distributors in america. david: a great way to start the last week of 2020 with records across the board. the dow jones, the nasdaq, the s&p, they are all in record territory. all trading above 3/4 of a point or nearby there. jackie deangelis is here to guide you through the next two hours. jackie: thank you, david. we're here. i'm jackie deangelis in for neil cavuto for the next two hours. we're coast coast to coast. on california where a celebrity hot spot is in some hot water for some new year's eve plans. we have details coming up. to nashville where officials are working to find the motive behind the downtown bombing on christmas eve. a live report from nashville this hour. first our top story of the day president trump

us money reserve is one of the most dependable gold distributors in america. . >>> new stay-at-home orders going into effect in california. people in the southern part of the state as well as much of the san francisco bay area and other spots won't be allowed to gather with anyone outside of their household. supermarkets can only operate at 20% capacity and restaurants, hair salons, and playgrounds must shut down the new orders are rekindling the debate when he joined us on friday, "new york times" columnist tom friedman weighed in on that question with this response. >> we set up this crazy debate that it was mask or job, mask or school, mask or football, and it never should have been that. it should have been masks for school, mask for restaurant, masks for jobs, and if people want to, and as you know, we talked about this, i was early on saying we have to balance lives and livelihoods here folks. >> joining us now to talk about the sensitive topic of lock downs and the economy, kevin o'leary, chairman at o shares, shank tank cohost and cnbc contributor, and john hope bryant, founder and

money reserve is one of the most dependable gold distributors in america. >>> welcome back to "squawk box. the futures have improved a little bit the dow had been down triple digits for most of the early morning session. now down 75 points or so the nasdaq down 38 you can see the s&p down about 13 meanwhile, shares of siriusxm are jumping after the company announced that howard stern had signed a new five-year deal to remain with the satellite radio operator i didn't see any details about compensation, but i am sure that it's -- it's pretty good to be howard stern still at this point. becky. >> when news that you are staying for another five years causes the stock to pop 1 1/2%, yeah, you can bet it's going to be a pretty rich country >> that's the way it works not too rich then maybe the stock would go down if it was too much. >> maybe they paid him in stock. >> he got paid in stock, originally, if you remember. and he made a fortune doing it >> yeah. >> is he a billionaire, andrew he's got to be close, doesn't he >> he might be he put out a great press release today, about this, jus

money reserve is one of the most dependable gold distributors in america. stuart: keep you up to speed with the markets and we been open for two hours and the doubt is down about 60, s&p five, nasdaq down 12 or 23 sorry. not much of a selloff with minor losses there. joe biden has picked retired general way to austin to be his secretary of defense. kt mcfarland is with us. kt, i'm sure you've seen this and there's plenty of opposition from both sides of the aisle actually against him. what do you make of it? >> look, i think he's probably well-qualified and a good guy and the vice president feels comfortable with him and his work with him before but i got one major issue which is that general austin has no experience in [inaudible] and he's an army guy, not someone who will be familiar with the challenges that will come from asia which is mostly enabled or even space bar his experience is fighting terrorists and wars in the middle east and it's not fighting cyber wars and economic trade wars and all the maritime and cyber and even space issues that will com

money reserve is one of the most dependable gold distributors in america. >>> a new wave of retail investors shaking up the stock market this year, and they may be here to stay, even when the pandemic is behind us. kate rooney joins us with more on what they have been spending their money on this year kate, it's good to see you. >> you too, becky. good morning brokerage firms are on track for a record in new accounts this year, thanks to those retail investors. according to jmp securities, the industry has added roughly 10 million new clients this year, and based on app downloads, they estimate that 60% came from robin hood robinhood wouldn't confirm the last official total but did tell me over the weekend, the number using the app has tripled. swab, ameritrade saw double digit account growth through the most recent quarter. webull has 2 million accounts. they open about 10,000 accounts per day. sofi said its brokerage acts grew making this year what jmp called a perfect storm for new entrants to the stock market. the rise of fractional trading made expensive stocks a bit more accessible acc

money reserve is one of the most dependable gold distributors in america. >>> i'm very optimistic. i think it will go extremely well. it is extremely challenge, to plan to send vaccines at the same time to hundreds of countries of millions of doses, and the cold thing makes it more complicated but i think we have it and i'm sure or i believe very confident, i'm very confident that things will go very smoothly. >> that was pfizer chairman and co albert bourla with us earlier this hour on "squawk box." the first doses are expected to be administered. it started today. joining us for his reaction. what do you think a working vaccine means for the markets and investors. jim coulter is the founding partner and co-ceo of investment firm, $85 billion. it's great to see you. we normally get the opportunity to see you in a very snowy world of davos, but today we get to see you virtually. we should also mention you've got a special announcement, a spac announcement and we're going to get to that in just a minute. i want to get your reaction to this important and historic day, and what does i

us money reserve is one of the most dependable gold distributors in america. . >>> welcome back to "squawk box," airbnb going public in one of the most anticipated ipos of the year, selling shares at a price of $68, that's much higher than the original and increased price range. the ipo giving the company a valuation of $47 billion and a fully diluted basis and i spoke with cofounder and ceo brian chesky in an interview earlier this week, ahead of this big ipo, and i asked him about how he thinks about the biggest risks to his business right now. >> i think the biggest risk to our business and i kind of learned this through the crisis is losing focus. you know, i studied entrepreneurs before me, some of the great entrepreneurs, you know, when we lost 85% of our business in eight weeks, i turned to entrepreneurs who had, you know, also been in dark times. i looked at steve jobs when he came back to apple and that company was in a very very dark place, and the first thing steve jobs did is he said we have to get focused. he shuttered the majority of the product line, went from a business uni

money reserve is one of the most dependable gold distributors in america. >>> welcome back to "squawk box" this morning, right here on cnbc we're live at the nasdaq market site in times square if you're just tuning, in vice president mike pence received the covid vaccine early this hour, alongside his wife and u.s. surgeon general this is what the vice president said about getting the jab. >> karen and i wanted to step forward and take the vaccine to assure the american people, while we cut red tape, we cut no corners. >> president-elect biden expected to get the vaccine on camera in the next week. is the phrase jab, is that a medical term i get people who say i don't like that word i don't know. >> it's just like a shot what's a shot? ask me if i want a shot, i think of something totally different it's a uk term, and we had that conversation i don't know where you were that day, with amonojabbers, i think he was implying. jabbers. which i was not doing. now i use the word jab i don't know, i feel more continental when i say that. but it's the same as a shot, right? a jab. >> yeah, i

like the us federal reserve does and they oversee their collection of big baby bankers and jamie diamond and j.p. morgan are the biggest right there big giant baby in the corner screaming the loudest so there diaper is fullest of all seeing is like somebody has to change that diaper one day and when you change that diaper all of that inflation comes flooding out and that's what his opinion writer in the bloomberg article is pointing out is that part of what's happening is that china is booming right now their economy is booming and their exports are booming so we're actually starting to see genuine inflation that you can hide in jamie dimon stipe or prices are now rising strongly in part because asian growth is humming chinese export prices have risen year over year excluding oil industrial commodity prices are also now higher than they were at the end of last year even if nothing moves between now and late spring of 2021 year over year comparisons will start to look pretty dramatic as prices this spring were at their low point these trends are already making themselves felt in the devel

and the federal reserve spent only a portion of the money. now, it's not necessarily a bad thing because we still have a great deal of economic need, and that money can be used to help businesses reopen, to rebuild customer, to train employees. but secretary mnuchin is trying to stop that. he is trying to take the money, claw it back, from the federal reserve, even as mr. powell, a chair of the federal reserve, a man not known for hyperbole, says that the economic outlook is extremely uncertain. so, we need to listen to him, leave the money where it is, and allow the federal reserve to step up and use that money, to lend to cities and states because they are in dire needs of funds, and they're the ones on the front lines of this crisis. >> yeah, look, i mean, i'm pointing it out because that was true then, too. right? and suffering is a coefficient of pain and time. so, time has only made a lot of things worse. that's why i don't know why the money wasn't spent, then. and my concern, now, is why should we expect any better? what reforms are i

reserve said no, we need this money available to us to stabilize the market. so it's, yes, i think -- i don't know what secretary mnuchin's mindset is, why he is doing this. but we should be gravely concerned that the two people who are in charge of making sure our economy is stable during this incredibly difficult period don't seem to agree. and the one who is in fact not a lawyer seems to think that he has all the answers. and i would suggest that he listen to mr. powell. if not to me. >> i've got to ask you, when you're sitting there, when you're asking these questions, do you marvel at this the way i do? i watch this and i think, no one told steve mnuchin what he's up against when he faces congresswoman porter? i mean, can you believe that they walk into hearings that you're in, still, to this day, without having the slightest idea of apparently what you're capable of in these hearings? >> i will say, today was not the first time in my life i've been underestimated, and i don't think it will be the last. but i do at some point -- i think the hubris that it

the money they have taken back from the federal reserve board given to them as sort of an insurance policy, half a trillion dollars and they can use about $429 billion from that. in addition they have $140 billion that was left over from the ppp program that wasn't used. so that is a total of $570 billion. that is far more than half what's necessary to pay for the entire covid relief bill, just repurposed funds. is that possible to do? >> absolutely. i want to thank steve mnuchin. because he tried to act very responsible to make sure we don't continue to waste any money. we have accountability. he is watching the dollars. but what we still need to do, always remember this is somebody's taxpayer money. let's make sure we still do a targeted bill. help the people that lost their jobs. help small businesses, get our schools open, testing, vaccines, those are things we should do. don't waste peoples money. david: senator on a different issue, the senate races in georgia are you coming coming ue you worried, continuing questions about the vote we might had plight keep republican voters f

, about putting certain amounts of money on reserve, madame b.l.a., can you give us a recommendation hearing this conversation about the amount you might take to put on verve and for what period of time and what are the conditions? >> i might recommend a slightly different approach because this is not an appropriation, it's a contract amount. so you would want to do something different. if you want -- so i would recommend if you want to end the contract -- exercise the option to extend, because this contract actually has option through 2024, you can exercise the -- amend the resolution to exercise the option to extend to 2022 and change the not to exceed increase amount to -- as i understand it now it would be $12 million over the next four months adding on the $1.3 million that has already been, that would be 11% contingency and addressing the concern about adequate spending authority, you might want to add on another 11 or 12% contingency on top of that to account for prior spending. so you could get this in a resolution today if the department agrees and goes back to the contracto

these reserves. tony also plans to apply. the business relies on props, weddings, and other formal events. >> i am a third generation in this business. this is the toughest it has been. is a family livelihood so it is very important, you know, we would have to shut down. >> it is a first-come first- served basis, it has $1 million, enough for about 100 business is. just go to the city's website to apply. in dublin, i am da lin. kpix5. >> business expenses from march 16 and onward can also be reimbursed but was needs will be required. >> this holiday season, the family portrait will be done a little bit differently. this is at the giggle and right fun house in sacramento, where owners are providing people with 100 photo booth backdrops so they can take their own photos without a photographer during the pandemic. >> i think of this pandemic, what has really become evident is how important family is and how nice it is to create those memories and have the loved ones around you and so on the family pictu

diane king hall joins us live with those stories and more for today's money watch report. good morning. >>> good morning. today the federal reserve wraps it up -- its last two day policy meeting for the year. wrapping it up later today. the central bank is expected to deliver a new outlook on the economy that includes its thoughts on the impact of the coronavirus vaccine. yesterday the fed said it has joined an international group of central banks that take into account the effects of climate change when shaping fiscal policy. >>> star buck is putting it's happy hour promotion on hold. they have hitting the pause button on the two for one deal that happens on select thursday. they said its taking the action as cases rise across the country. the company will instead offer more double star days for its loyalty program members. >>> more quarantine free flights may becoming for delta airlines. a company executive said they are in talks with various governments about the roots. the requirement testing for the coronavirus. they receive one test a few days before travel. another

so today the department of public health is in front of us saying you put the money on reserve for the b hack. if you release this from reserve we will spend it if at all on acquisition of ward and cares. so then we release the funds in the same total amount we were going to release but for a different purpose. do they still get to pay for b hack and all we have you were on a committee and told us it was going to be spent on board and cares, what happened? >> departments are legally bound by the appropriation you adopt in the budget process. those can be very, very specific or broader. >> you were talking about appropriation, releasing for something that is different from what we appropriated for. >> in the budget. you were not appropriating funds as a committee. that was the budget process. the appropriation is establish understand the budget for these items. it was at a very broad level. within a fund called the our city our home fund that includes various appropriations that are at the level required by the voter adopted ordinance. there is an appropriation for mental health, homele