have a big impact on joe biden s policy objectives. some positive news on the data front, the manufacturing index topping expectations for december, hitting its highest level in more than two years and energy, the top-performing sector as oil prices break above $50 a barrel, first time since february this following a production cut from saudi arabia. we re going to discuss it in a moment 59 minutes left to go in the session. up 0.8%, coming up on today s show, the vaccination playbook, we ll speak exclusively with the governor of connecticut about his state s relative success in distributing the vaccine so far. and his advice for other governors. plus, with georgia on everyone s mind, we ll talk about how the election could impact your money moving forward. first let s focus on the big stories we re watching ylan mui is covering the georgia runoffs and joining us to talk about the massive move for energy mike, let s kick it off. recapturing about half of what was lost
consumer in this covid economy and a ventilator boost from medtronic, but sales for other medical devices remain lower medtronic s ceo will join us exclusively later this hour. carl, jim s shaking his head already. i don t know speculative market i ve ever seen i was going to say, jim, i mean, what a confluence of headlines and then to layer on what you were talking about with becky, this seemingly endless generational bid for stocks in general. you know, look at these plug power did a deal last week, 38 million shares of 22.25, norwegian did a deal of 40 million shares at 20.80, carnival did a huge deal at 17.59, up huge on that, american airlines did a deal, huge amount of stock, and about price that is a dollar below where this it is trading. i ve never seen anything like it where are the profit takers? where are they i don t know. this is listen, we have been talking about this new cohort in the market, they re for real, man. they are real it is not just e
good morning, everybody. welcome to squawk box on cnbc. i m becky quick with joe kernen and andrew ross sorkin we ll start with the markets after the dow fell for the first time in four sessions. airlines, cruz and retailers all fell during yesterday sessions those have been the volatile stocks if you look at u.s. equity futures this morning, you ll see green arrows the dow indicated up by 28 points nasdaq up by 24 and s&p up 4.5 yesterday, the dow was down 170. during the course of the morning, we were watching the futures and up as much as 250 in the morning. we ve been keeping an eye what is happening with the treadsry markets. right now, it looks like that 10-year yield is just at 0.71% andrew good morning. thank you. united states pulling out of talks with europe to tax tech giants steven mnuchin saying international talks have hit an impasse and there wasn t even room for an interim deal it threatened retaliation if they move ahead with plans of their home a number
but says ridehailing bookings fell for the first time ever last quarter. shares rise on signs that it is emerging from the virus slowdown. take a look at how we are setting up when it comes to the final trading session of the week in asia. u.s. futures flat after we saw gains on wall street. despite those historically high unemployment and jobless levels that we are still seeing in the u.s., there is some sort of consensus among market participants that the worst may the over but we are looking ahead to the optimism of the economy reopening. we are also seeing optimism when it comes to new zealand, this despite the budget deficit numbers that were released earlier from the treasury report. new zealand just emerging from that stated four lockdown with the economy stage four lockdown. also outlining steps for a gradual return to more normal economic functioning. new zealand on track for an entire week of gains. definitely the outperform in the region. ofcould get maybe a gain
vice chairman and they ll share what to do with your money amid this massive sell-off. let s have a look at what s driving the action the major averages falling into correction territory as the global brought yaoutbreak grows goldman sachs is warning that u.s. companies may generate no earnings growth in 2020 based on the elevated uncertainty from the virus and oil prices are plunging on the fears with crude dipping below $46 per barrel at the moment the s&p is down 2.9%, dow almost 800 points. joining us today is cnbc contributor stephanie link and senior markets commentator mike santoli. ste steph, you re always looking for the bright side, the growth and optimistic picture we were talking earlier, both of us were talking earlier that this feels like december 24th, 2018, when we got the big swish down and it was really hard to buy then it s really hard to buy now. but i can understand where we were selling off we were coming off of a much higher level now than we were i