twitter polls qanon content and the co-vid about face. the white house expected to make sweeping changes in the vaccine rollout guidelines first up, though, jim, we're going to talk about corporate america's ongoing response and really the way in which this growing list of companies is changing the face of campaign finance. >> look, the more we learn about what happened wednesday, the more we understand that it was even more volatile of our principles as a nation one after another companies are realizing look, we have to stay away from anything that would fund an attempted coup, a push, an insurrection. that's how they view it, and they know that's going to al yen nate their customers i don't necessarily think there's high-mindedness here there's recognition that wednesday became a third rail, and political donations that go to someone or anyone that ends up supporting insurrection is notgood business yes, there are people at every company that actually feel with their heart what a united country could be if they get involved, and this will unite the country more, i have to believe. but i think wednesday is forcing a lot of people to soul search about whether they're ruining their business if they're throwing money at the people who want to cause an insurrection. >> right do you think it results in a wave of boycotts from either side is there earnings liability from being forced into taking a stance like this >> i always think there is, but remember what happened with facebook it turned out that they turned the other cheek, went a little bit more small medium-size business, next thing you know all the advertisers come back. the advertisers are searching to try to find young people a lot of these companies are involved with youth. been a couple surveys going on which say a lot of companies are trying hard to be one, and amazon, and if they're at all affiliated with someone who is -- who killed people at capitol hill, that's the equivalent of backing someone in felony murder. felony murder being something that makes everybody involved culpable i think this is a revolutionary thing. companies are recognizing well, maybe we were in bed maybe we helped a lot of people who tried -- who has organizations at the capitol, while it is true they were senators and representatives to still voted in favor of believing that the election was a big lie, the advertisers and the companies that are pulling out recognize wow, it is going to really taint our brand if we continue to find that we may have backed organizations that favored overthrow of our nation. >> right it goes beyond campaign contributions, jim papal taking down funds that -- sites that raised funds. crm, we don't know how they've taken action against some ways in which the rnc uses the platform and technology, but that's something we're reporting today as well. >> i think sales force, i think they'll come out with more of a clear view, marc benioff has always thought about these issues well ahead in advance of any of the companies that we're talking about. i just want to be sure that people understand when i talk about the idea of insurrection, i'm just looking and reading the conventional media i'm not some sort of a yahoo saying you know, this is what happened the more we find out about what happened wednesday, the more we realize it was an attempted insurrection that is not something any company can be affiliated with given the fact that this is not a question of, say, some of the issues that boycotts before. this is the republic, breaking the republic versus keeping the republic i come to be to new york times magazine a piece that is all about the idea that breaking the republic is something that none of the companies on this wall can afford to support because everyone will target them. everyone you, me, we're not infavor of insurrection again, i like to default to lincoln. he talked about the notion of the union versus the insurrection the fact that we have to even mention lincoln is bizarre but this is what happens when they cross the potomac that was his biggest fear, that robert e. lee would cross the potomac andsuddenly we find a confederate flag in the capitol and it's a little chilling >> it is it is. it's disturbing. this morning cbs reports that the president admitted to leader mccarthy that he was partly to blame for the violence and that multiple republicans confirmed those details to cbs news. we're going to hear from him today as he emerges from the first time since the attack in texas where he'll make an appearance at the border wall. is there up side risk to the markets if the president even hints that he's taking some blame, that the process next week from wednesday will be more orderly than we think? >> not if we says at the same time that it was a landslide and that the election wasn't stolen. then it will be the opposite you'll need more national guard and more people at the state houses it's in his hands. if he continues to go with the big lie, which he thinks is the big truth, then i think it's more for the insurrectionists. i'm picking my word carefully because they were insurrectionists i think there's a lot of people who woke up and recognized that their opponents were not people who want them to continue in government they want a different government and so if the presiden i take se blame, all we'll hear is the landslide and people want to pull the microphone. i think the vast -- i know he would call it the mainstream fake media, the media that issues a lot of lies, but after what happened wednesday, i don't think it's really -- i think it's more empirical that be anecdotal. also when you see the capitol guards being attempted to be killed, it's just very sobering. so to hear once again that it was a landslide is to say okay, well, we accept that we accept what happened because we're trying to change the government and again, i want to emphasize i am not making any breakthrough comments here. i am just simply looking at what the history books are going to say when they come out in the next few years >> no, i don't think anybody looks a skans at what you're saying it's reported this morning that house democrats were briefed by u.s. capitol police about the specific threats to the capitol in the coming days and that the purchase of a bullet proof vest is a reimbursable expense. that's where we are. it bringme back to what they said at facebook they banned the phrase "stop the steal" zuckerberg is not going anywhere their controls were better than their competitors and they won't left the potus ban and that's not reviewable by their new board. >> better late than never. all the sites feasted on the traffic that came from this. i think that at a certain point we're going to have a commission that analyzes how much the sites played a role in an organized attempt to overturn the company. they did it inadvertently, but we're going to say you know what inadvertently doesn't fit in the lexicon. it's purposeful because you wanted the money now, they may say well, we don't really want the money, but it happened it happened. in the end, i want to see what happens to the 120 representatives who still voted in favor of something that was endorsed by the insurrectionists i don't like to call them a mob. insurrectionists it's a good term it's what they were. >> yep look up the term and you'll understand why jim is using that language we turn our attention to the house today and tonight and tomorrow it's not just about impeachment, of course. also about the 25th amendment and pressure on the vice president. we have more on that this morning. >> hi, carl. there are security concerns this morning as we gear up for the impeachment vote that's expected tomorrow the 25th amendment not expected to be undertaken today by the vice president of the united states democrat in the house are pushing him to do that meanwhile, we're learning that capitol police officers are under investigation by capitol police officials for potentially aiding and abetting that insurrectionist trump loyalist mob on wednesday they're trying to get to the bottom of how badly the capitol police may have been penetrated by the ideology. and reporting new concerns inside the secret service. "the washington post" reporting the secret service is investigating one of its officers who posted on social media, accusing lawmakers of treason for their involvement in counting the electoral college votes last week. the offic the officer's post also said it's offense time finally. they said the u.s. secret service carries out its law enforcement mission in an objective and apolitical manner. any objection of employees not carrying out their duties in that manner will be investigated those are security concerns surrounding the inauguration of the president as the fbi warning yesterday of potential armed protests in up to 50 state capitals over the next week. all of that sort of the stew wo boiling around the idea of impeachment as it moves in capitol hill we expect a number of republicans to support the impeachment vote on the floor. and the prospects are unclear for the impeachment in the united states senate, how quickly they can conduct a trial and move forward with a vote on removal of the president and how many votes there are for removal of the president in the senate all that unclear right now >> thank you for that. jim, it brings us to the journal op ed by the editorial board they argue biden should call off the house democrats on the impeachment case says it could let the president compete with biden for attention, give the then former president a platform to rally his supporters in their words, it makes more sense to let him repair. >> that was the stance of joe biden a couple weeks ago if you ignore the president, then you create a higher minded way to be able to stay below the controversies. i don't know i mean, that was the -- that was biden's plan it's kind of an oddity it became the journal's plan, but that's post wednesday wednesday was a really important day in our country and i know that there are a lot of people who want to say that it wasn't, but there are many people in overthrows or attempted overthrows in other countries through the years that would also claim they weren't being insurrectionists and we learned later that they were i mean, what, do we have a police force within a police force here too i think all these things just cut in favor of president-elect biden trying to stay above the fray and let's move on not unlikely, i remember i hated that ford pardoned nixon i wanted nixon to stand trial. in retrospect president ford was moving forward and trying to unite the country. that was -- i found out i was wrong. i hated nixon so uch and i felt it was time for a high crimes and misdemeanors, truth and reconciliation committee and president ford said no, we're going forward i didn't think it was wise it was i think that it would be wise to just go forward if i were biden and i like president ford. i thought he was a terrific guy, but it was only after i realized that i was mistaken in my judgment that we shouldn't just have a show trial. >> right it's hard to believe how much history is rhyming right now, jim. >> it ever >> we want to tell our viewers las vegas sands has announced the founder, chairman and ceo has died at the age of 87 due to complications from nonhodgkin's lymphoma he is a major donor to republican politicians including the president. jim, took it public in '04 became extremely wealthy also a huge proponent for israel he's going to leave a legacy well beyond gaming >> yeah. i think that anyone who has visited israel knows his name is everywhere he had a vision that china, that mccau was going to be a place of great opportunity, not just the united states. steve wynn shared that vision. steve wynn not heard from because of issues involving nothing to do with his business. well, nothing to do with the business of wynn but these are remarkable people who had a great vision i think people will say how can you not mention he backed president trump? i don't know belichick, the people make mistakes nelson pelt came on air and said i voted for the wrong guy. but adelson stood for worldwide prominence of what the united states, let's say, believed in capitalism and i think that i've always felt that he and steve wynn were giants in terms of china being able to get it so that the chinese recognized that there's another way to do business i don't think that's what he's going to be celebrated on right now because it's so convoluted how we feel about china, but adelson saw it >> that's well-said, jim our thoughts are with his family 8eldon adelson dead at the age of7. i made a business out of my passion. i mean, who doesn't love obsessing over network security? all our techs are pros. they know exactly which parking lots have the strongest signal. i just don't have the bandwidth for more business. seriously, i don't have the bandwidth. glitchy video calls with regional offices? yeah, that's my thing. with at&t business, you do the things you love. our people and network will help do the things you don't. let's take care of business. at&t. it's time you make the 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this right what i want to know, if you start with a system which said the governors can do it and then you come up with these rules, the governors, what are they going to do? there's a backlog. there's let's new york, for example. no one really knows exactly where you are when you stand in new york because they -- you don't know what workers they've done. are you 1 b or whatever? a lot of us who are registered in new jersey, we don't know we got some thank you that we registered so i don't know whether this is supposed to supersede. i'm sure it isn't, but the government talks with fork in tongue who is supposed to play this game is it the feds is it the state? is it cvs, walgreens i don't know i mean, i thinks the terrific. one thing is certain, we have more vaccines than people taking the vaccine. we were able to vaccinate millions of people in three weeks on smallpox. we haven't been able to do that now, but i think best practices from states merged with the 65 is going to make it so maybe we have more of a federalist system i know i reserved my 65. i'm going to florida i'll go to florida twice even if it has to be quarantined because i want it. and -- because i believe the scientists are unbelievably good wouldn't this be great if you can just go and get it that's what we thought it would be i think we're going to have a vaccine glut dr. gottlieb suggested that's the case i have to congratulate pfizer. what a great job >> no one is arguing there, jim. i know you've been talking on twitter this morning about the prospects for j&j. maybe we can discuss that after the break. >> sure. >> and how that might help things further in february along with some calls this morning on neo and wells we'll watch the ten-year 118 isth morning more "squawk on the street" continues in a moment. we made usaa insurance for members like martin. an air force veteran made of doing what's right, not what's easy. so when a hailstorm hit, usaa reached out before he could even inspect the 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trajectory people will be excited saying that's what was the problem. it wasn't the business it was the offering. so keep track of this one closely. >> all right so speaking of you mentioned secondaries. is lemonade as good a tell >> it's been a short squeeze from beyond hell if you're a short-seller and this could pop it. this 3 million but remember, that's not a lot of stock but lemonade has been straight up i like the company very much a lot of people and the staff of mad money use it this is an insurance company it's not a lemonade stand. that said, it's been a short squeeze. sometimes a stock offering alleviates the short this may be one of those i was commenting last night that wovr's short this thing is has been crushed they have an opportunity if they take it. >> given not that this was part of the same basket, because the zoom correction has been going on for a while, but lemonade, tesla down for the first time since late december. bitcoin. do you think fevers are breaking >> i think maybe they're out of money for now. you have to get the new stimulus check. i do think there are a lot of people saying oh, wow, i've made a ton of money, and you know what it's not made until you take it off the table. a lemonade -- i don't know will lemonade's secondary bring more buyers in let's see. another great test of what's happening. >> yeah. yeah we got some good preannouncements this morning as well big news in the chip sector. more "squawk on the street" continues in a moment. i'm made to move. but these days, i'm not getting out as much as i'd like to. that's why i take osteo bi-flex. it helps with occasional joint stiffness, while it nourishes and strengthens my joints for the long term. osteo bi-flex. because i'm made to move. a lot of fed speak on tap this morning, jim, as we watch the ten-year did get up to 118 twos, tens, steepest in 3.5 years. is this a brokeout >> i think that's what the bank stocks are saying. the housing stocks are saying it's not a breakout. i think that there are people who are saying oh, well, wait a second maybe rates are going to go higher i'd better buy a house now others are saying it doesn't matter rates aren't going to go up so much the bank stocks are clearly saying you have to buy us before we report. we finally have something good to say watch the bank stocks to say whether this movement is for real because those stocks have been the best in this market other than the oil stocks which i think are trading much more on the idea that supplies will cut back look at the bank stocks. they've been trading like tech stocks walmart is a fin tech stock. let's not forget that. what this market is about. >> we'll talk about ubs to buy on wells good morning. we will watch the financials there's the opening buy and the s&p. we are getting breaking news on gm we'll go to phil this morning. hey, phil. >> carl, general motors has a new brand. i know you might be saying another brand at gm? it's called bright drop. this is where they're going to be selling e lek rielectric veh. mary barra showing it in her virtual ces presentation it's an electric commercial delivery van general motors is going to be selling at least 50 of these fedex will be getting the first 500. again, commercial electric vans, that's where the focus is for the auto industry when it comes to electric vehicles also announcing the ep one think of this as an electric palette. this is animation of ep 1 they just announced essentially it's for the last mile so if you're talking about deliveries from up to the door or into a certain location where there's a number of addresses, that's where you might see the e ep-1 that is being tested with fedex express. shares of general motors, this is the big push for them it's about the ev. we're going to talk with mary barra about this brand, the new bright drop, and the growing demand for electric vehicles you don't want to miss the interview. >> that's going to be really significant. i want to ask about lordstown where they indicate they have demand for 100,000 for a similar vehicle. this is one hot thing. >> that's a pickup truck what you're looking at, though, but it gets to your point. you've talked about this extense ily on your show it's about the commercial market and as much as we'll talk about how we want electric vehicles and there is a consumer market, the auto makers believe the commercial markets, whether it's work trucks or delivery vans, that's the market that's going to take off. >> amazing, carl this is it >> what do you think, jim? yesterday the news was about some huge realignments in the business yesterday it was ford brazil and now this >> this ford brazil, i cannot -- i can't stress this enough this is the new ford this is the forward ford they took their medicine 4.1 billion including by the way $2.5 in cash they're not going to stop selling vehicles they're going to continue to sell the profitable ranger line. you have a pickup there, this is farley saying we're done losing money. if you don't think we mean business, we're even closing one of the most important manufacturing markets we have. they'll probably take heat for it ford -- phil, this is not the old ford >> jim, let me tell you this if you went in to the office at ford, there was a painting on the wall of henry ford i believe the quote underneath, and i could get it wrong, buzz something to the extent a vehicle for every person everywhere in that painting, it was about foreign markets that ford was going to, henry ford envisioned them ultimately selling in including brazil, in south america. all the other countries down there. and for years, jim, you would do the reports, or i would do the reports, and they were losing billions of dollars. south america has been nothing but a money loser for them they believe this will be part of turning it around and you're right, jim farley is doing what needs to be done. if you're not making money in a particular area oron a particular vehicle, stop building it. he's pushing forwad to finally moving in that direction >> the idea that we're not going to hear about brazil on a conference call. i used to say allen, you're doing great things but brazil, and then mark fields, you're doing all these great things but brazil no, farley will not hear that anymore, and he was born down there. i think you're right the picture of what henry ford stood for is something the ford family realizes i think, you know what? we got to go with farley the board has to go with farley. i'm going with farley. carl, this is so significant i think people have to focus -- i like gm. these companies are tired of looking at tesla go up every day. they want a play a role and be in the mix >> phil, we'll see you in a bit with mary barra at 11:30 jim, it's an interesting tile. you have this gm news. you have amazon investing. you have the new mustang mach-e and -- >> i think the young buyers, of course, of stocks, want to set back fos ill fuels but the traditional industrial, goldman sachs had a piece saying it's a great reflation nar trade. the young people are looking at plug power and they say plug power is the way to go that's green hydrogen that leaves no footprint. i think once again ford wants -- we sell in the f-150 that's going to be electric the interview phil has with mary barra, and you want to buy crude. at a certain point it's going to run headlong into ev a lot of people feel in three years ev will go from 3% to 10%. i think ev has all the money in the world, and i think it's going to lead to the demise of the oil moorkt they're a trade, not an investment >> right although, some of the names here not really -- leaders on the dow are goldman and walmart too, with this new fin tech startup it's working on with the backers of robin hood as the evolution of walmart continues from a simple retailer to more of an advertising and financial ka s coloss colossus >> the stock jumped to 150 walmart is doing so many great things this press release moved the stock up i think that i'm jaundice about that i think people should be buying walmart. the company is doing well, but if it takes a press release to talk fin tech, there you go. the people are -- the buyers, if they hear fin tech and they hear anything involving crypto, they just want in and i think that it's going to end up billiping with foolish. right now you should own walmart because they're doing well, but i'm sure doug mcmillen is laughing saying this is just a press release. the younger buyers, the robin hood buyers, they just want to be in something that's a play on crypto they don't seem to care that walmart is doing well. they'd rather see they're getting into this business if target gets in it, they can go up 10%. their stock is doing really well just on being target can you imagine if they said you know what? what we're going to do is we're going to take bitcoin? like holy cow. that's target. that's a different -- brian cornell is revolutionary he's not going to do it. by the way, he's not going to do that but that would move that stock to 210 a press release about bitcoin. >> jim, you been making points about the chips, taiwan semi in particular today the news about taiwan semi and intel, trying to find news >> taiwan gemmy is the jewel of the crown of the united states semi conductor market except it's taiwan. i think when you see a lot of rattling about how we're going to defend taiwan taiwan semi my be the most important company when it comes to supporting u.s. technology. the idea that intel is running up the flag and going to them, wow, intel has always been the great manufacturer it's intel and micron. everybody else kind of uses taiwan semi because they're so good at it this is once again a recognition that the old intel is no more. but when pompeo goes over and talks about taiwan, make no mistake, that's about taiwan semi we can't live without taiwan semi we outsource the making of technology to taiwan semi. and the fact that it's not talked about enough is a shame because if that goes, if suddenly the chinese say this is just another hong kong, they would cut us off nine ways to sunday let's watch to see if it happens. that's something the president, if he had been a little more focussed and less ash arbitrary, he would have been defending taiwan semi instead of blacklisting people on a stock but they had their way of doing things and they had their way of doing things >> there was a disturbing interview in foreign policy yesterday with rex tillerson, former secretary of state who believes we will face military conflict with china within the decade and it will be related to taiwan he believes chi's end game is to reclaim it and at some point the u.s. is going to have to ask ourselves what are we willing to do to protect our interests and taiwan's interest in the island. >> didn't really care for tillerson when he was running exxon. this guy is a true visionary i think he's right look, by the way, this country has almost no co-vid terrific country, organized. a great ally of ours we don't recognize it because the chinese won't let us, but make no mistake, they're a keen manufacturing arm of the united states i think that tillerson once again is distinguishing himself as a visionary tough, hard visionary. but taiwan does represent what the chinese want >> you know, i really wish, carl, that they listened to him. if they had listened to him, he's such an important figure when it comes to these things. >> that was also one of his complaints was trying to get listened to in the administration so we're right at 3800 on this tuesday morning. obviously a lot of news to come today. let's get to bob good morning, ob >> good morning, guys. happy tuesday. and you're right, 2800 and no -- 38 00, and no follow through to the modest selloff. nothing the next day there's no trend on the downside look at the sectors and today is looking a lot like the way the year so far has been shaping up with cyclical groups like energy stocks, bank stocks leading. consumer discretionary, classic cyclicals. tech are flattish. the exception this year are semi conductors they've been performing really well the rest of tech has been slightly underperforming the overall market, and defensive names like consumer staples and health care generally are underperforming. this is the trend for a while. as for the market, it depends on the vaccine rollout. not so great in the beginning of the year it looks like it's getting better in terms of what's moving the market, think of the buckets. vaccines in stimulus versus virus and taxes. that will be a bit down the road taxes but that's on the horizon. and, of course, vaccines versus virus, that's determining the pace of the recovery the vaccine rollouts starting to look a little bit better after a slow rollout valuations, s&p 500 is more than 16% above its 200-day moving average. that's really stretched. normally the s&p is 8% or 9% above the moving day average this is bullish. and the yield curve has been steepening helping out things for the bank stocks but could be an issue down the road. the leadership has been shifting we've been noting this the last several days energy, banks and materials have become the leadership groups now. technology is generally flat except for semis which have been outperforming and consumer staples and utilities are the lagging groups as a group banks are up 30% since the election that is far outperforming the s&p, up 11% or 12 %. banks underperformed all last year, and they are now playing catchup. look at the moves in the big money center banks like citi group up 50% and jpmorgan up 34%. even the super regional banks are all up about 30% like bank of america and p and c those are big moves and the yield curve higher is benefitting other groups that you might not think of like online brokers charles swhab has moved up aggressively this. that's a historic high for charles schwab right now bank of america upgraded them today because of the bank operations being positively impacted by the yield banks up about 30% the issue, carl, for us now as we go into earnings season is banks are a leadership group going into earnings season and they're traditional start jpmorgan starts friday carl, we haven't seen this in a long time. the banks are a leadership group going into earnings season in normally they're lagging a lot of these banks even with the moves up, they're still relatively cheap it's a perfect setup going into friday's start of earnings season carl, back to you. >> all right friday is going to be big, bob thanks let's get to rick who, of course, is watching the curve yields and the fed speak we're going to get today hey, rick. >> hello, carl indeed the fed speakers probably are going to address some of the issues we're going to be discussing look at a one-week of tens the sixth day we're going to close higher we'll have to see. right now we're up a basis point. yields correspondent to closing lower in price, of course. and as we sit at 1.16%, 1.16, we're up on the year 24 basis points we settled the last day of the year at 92 basis points. that's a fed frightening lower for -- tightening. a huge thumb on the scale. open the chart to march. we'll aim for the 1.19 i believe that was the 18 th of march is closed. when we switch gears to bunds, here's one year of bunds versus tens you can see we set the stage all rates are moving up together, and there's different dynamics for each economy, of course ours right now is the potential for lots of spending and how that may impact not only interest rates but the dollar, inflation, all in play potentially. and the dollar index, well, look at one week of the dollar index and realize that last tuesday we had a 32-month low close we've been pretty much moving up every session. five ups today unlike treasuries, it looks like it's taking break it's too close to call finally, the biggest question everybody is asking is where are rates going to go? how fast can they go quickly, let's go to the white board. here's ten-year note yields starting at 1.19 if we go back in time, this is most likely the zone we're going to be visiting done 1.50 and is.70. until we go down, we're guns hot. we could get there awfully quick. carl and jim, back to you. >> nice to see the white board back out we'll see you in a bit up later this morning, albertson getting a lift on quarterly results with a beat and a raise. stocks at an all-time high how is the supermarket operator dealing with the pandemic? we'll talk with them don't go away. our retirement plan with voya, keeps us moving forward. hey, kevin! hey, guys! they have customized solutions to help our family's special needs... graduation selfie! well done! and voya stays by our side, keeping us on track for retirement... giving us confidence in our future ...and in kevin's. you ready for your first day on the job? i was born ready. go get'em, kev. well planned. well invested. well protected. voya. be confident to and through retirement. your groomers can't keep up. you need to hire. i need indeed. indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base. so, you can start hiring right away. claim your seventy-five-dollar credit when you post your first job at indeed.com/groomer we must plan our economic surges we cannot stay closed until the vaccine hits critical mass the cost is too high we will have nothing left to open we must reopen the economy, but we must do it smartly and safely >> that's governor cuomo with the state of the state address yesterday as more governors speak out about vaccine guidelines i know you've mentioned florida earlier the hour governor desantis says hhs is telling states to do what florida is doing, that almost 400,000 seniors in florida have received a shot. >> i didn't know, there are a lot of people who feel florida -- i am in the saying i am getting it from an unis d closed area, but south florida is moving pretty quickly governor cuomo a bit at odds with the mayor i mean, look, i mothballed my restaurant, my bar it's really cold outside you can have all the heaters in the world. people are not that interested in eating outsid there are ways i mean, dr. kimberly prather, the foremost person who is talking about widesprebiden peo need carbon dioxide monitors like they have in japan, you need ventilation i wish that people would talk about how to open. but there is none, and it's pure chaos. and i think governor cuomo is right. it really takes a strong constitution and making so that a restaurant is really just a hobby to stay. so i do hope that there is some coordination between the mayor and the governor it's been suboptimal between the two. i love that word. >> it's a definite stumble out block. this is what the mayor said on new york yesterday about the ongoing early vaccine process. >> the real world problem have lack of vaccines at the rate we are going, we are going to be out in two weeks or so if we don't start to get bigger resupplies, you know, we are talking about a constantly escalating level of giving vaccines here. 100,000 this last week we hit that goal we will hit 175,000 this week. by the last week of january it will be 400,000 we can do in a week the question is, is there going to be vaccine to actually achieve our goals? >> so they are giving vaccines, jim, in new york city 24 hours a day now. >> right. >> actually, the issue now is public transportation to those sites in the middle of the night. it sounds like you don't think the shortage is the issue? >> no, look, all the bookers have pfizer. you can get the pfizer phone number get all the vaccine you want but that requires a tremendous amount of things you have to watch cnbc you have to call meg you've got to get those numbers -- no, forget it no just forget that i mentioned that that's -- no, that's way too hard. >> hey, we are a public service, jim. in all kinds of ways a short break here don't go anywhere. we are back in a minute. save hundreds on your wireless bill without even leaving your house. just keep your phone and switch to xfinity mobile. you can get it by ordering a free sim card online. once you activate, you'll only have to pay for the data you need- -starting at just $15 a month. there are no term contracts, no activation fees, and no credit check on the first two lines. get a $25 prepaid card when you switch. nationwide 5g is now included. switch and save hundreds. xfinity mobile. take a look at some of the s&p leaders. jefferies upped the price target a lot of oil as well today you have some 11-month highs on the tighter supply wti up six days in a row at 53 plus we are back in a minute. they har finance system than we do. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? workday. got to do something. workday! i think i 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[all] hey... there he is. workday, the finance, hr, and planning system for a changing world. ♪ch-ch-changes they were able to give me a personal loan so i could pay off all of my credit cards. i got my mortgage through sofi and the whole process was so easy. ♪ express yourself ♪ ♪ express yourself ♪ hey frank, our worker's comp insurance is expiring, should we just renew it? yeah, sure. hey there, small business owner. pie insurance here with some sweet advice to stop you from overpaying on worker's comp. try pie instead and save up to 30%. thirty percent? really? get a quote in 3 minutes at easyaspie.com. wow, that is easy. so, need another reminder? no, no no, i'm good. uh, yes please. oh. ho ho ho, yeah! need worker's comp insurance? get a quote in 3 minutes at easyaspie.com. let's get to jim in "stop trading." >> bulldogs tend not to like alabama. it's probably disappointing for anybody who is a university of georgia supporter. there is something good to be said about a huge georgia fan. has a remarkable job if you take a look at sig, the jeweler, you will see a comeback lake you wouldn't believe. i have got to give this ceo incredible credit for a company that many people thought could not survive this period. what a run and it's not over >> wow flies in the face of so many things we heard about luxury, jim, and jewelry in particular i can't wait to hear more. >> maybe that's because she is a great ceo. >> how about tonight >> okay. i got a company called car auction services i am looking for anything involving auto because auto is so hot, and i can't wait to hear mary barra today for phil lebeau because this is a move in the -- let's say in the tangential autos, like ford and gm not to be believed and i am trying to catch it, whether it be lit yeah motors we got to be there, carl anything ev. if those two letters are behind it, i'm on it. >> yeah, mary barra at 11:30 see you tonight, jim. >> thank you. >> good hour "mad money" with jim cramer 6:00 p.m. eastern time good tuesday morning welcome to "squawk on the street." stocks in a bit of a range here. obviously all eyes on washington, d.c., and the house impeachment proceedings. yields are another big story preannouncements closer to earnings season kickoff on friday we have jolts coming out a few months ago rick santelli's got it. >> our november read it's two months in arrears, carl 6,570,000. it follows a slightly revised 6,632,000. the high-water mark on openings was july at 6,697,000. the reason i bring that up is like many numbers, this number is kind of peaked late summer and it stalled a bit it reminds me of claims in other areas. on the service side, manufacturing not only the open is more aggressive, there is shortages. we are on the service sector side where we don't have a standard way to have restrictions on service sector business related to covid. so it's real impromptu and haphazard and difficult to handicap the pressure in some of those businesses. >> i think that's a good bre breakdown. rick santelli, thank you we are going to begin the hour down in d.c. though with house democrats pushing to remove president trump from office. eamon has the latest. >> we are expecting we might see the president at any moment. he is scheduled to depart the white house, heading down to texas today to look at the border wall. the pool reporters who cover the president are in position. if the president wants to talk to them, make my statements, they will be able to capture that that could happen at any point in the white house in the next couple of minutes. meanwhile, we are look ahead to today. i have been talking with a former senior administration official today who has spoken to the president recently and describes the president's mood as actually pretty good, saying that the president is conducting meetings and is talking with aides and a lot of the normal business this former senior administration official saying that he has seen the president in angrier moods than he is now and in more positive moods than now, sort of in the mid of the road as this impeachment talk swirls around washington there are security concerns now in washington, d.c.. they are highlighted by this report that we just had in "the washington post" this morning. "the washington post" reporting that the secret service is investigating one secret service official for posting on social media that lawmakers were guilty of treason for being involved in counting the electoral college votes. this post also said it's offense time finally secret service giving a statement to nbc news saying that the secret service itself is nonpartisan and nonpolitical, but any allegations like this will be investigated so the secret service conducting this investigation that's alongside the capitol police investigating a number of officials there for whether or not they were involved in any way in the course of the riots two capitol police officers have been suspended for their actions during the insurrection attempt on wednesday last week so all of that happening as we monitor developments in terms of the impeachment. they expect a vote on a motion to push the vice president to go for the 25th amendment later today and impeachment votes as early as tomorrow. this former senior administration official tells me that there have been, as far as he is aware, no serious discussions inside the cannabis of moving forward with the 25th amendment.binet of moving forward with the 25th amendment. >> you were talking about the impeachment proceedings here, even as we are talking about security and investigations, this is an administration which despite the fact that we are seeing its own work force begin to whittle down in recent days, continuing to move forward with a last-gasp policy push. what are some of those, i guess, efforts that are on tap in the midst of all of this this week and how many of them are optics versus, i guess, moves that could be more lasting even into an biden administration? >> i think you have seen the administration continue to conduct some business as usual from the president's perspective, i think what you will see in the remaining days is the trump greatest hits he is going to emphasize what he feels his successes have been as he tries to ride out this impeachment event. and what we are told is that there are a bunch of officials who have left the white house. some have resigned in protest over the past week and so there is not a lot of work getting done inside the white house. there is an effort to suggest that the, you know, the government is under control and is operating normally, but, you know, frankly, there are a lot of empty chairs inside the west wing right now so you get a sense that there is not much more to come from this administration, and behind the scenes we are seeing the biden transition planning a very aggressive first 100 days. i think you will see an explosion of activity in washington once joe biden is sworn in as president and moves forward with that agenda you know, the trump administration is all but over at this point. we are riding out the last couple of days. >> yeah. eight days until -- the first 100 days thank you very much. facebook, twitter and amazon taking more ooaction following last week's riot on capitol hill josh lipton has the latest. >> let's start with parler at the center of this fallout. now suing amazon for pulling its cloud computing support after that deadly riot on capitol hill aws withdrawing support after concluding that posts on that platform encourage and incite violence in a lawsuit parler is accusing aws of breaking antitrust laws big tech decided to crack down on parler hard google pulled parler from its app store. so did apple, saying calls for violence on parler violate the store rules. twilio's ceo was on cnbc this morning. he talked about big tech's response here. >> the offline world it's obvious. you can't run into a movie theater and yell fire, you can't walk into an ice cream parler and expect to be a customer of those establishments online companies are doing the same thing >> finally, on the theme of social media backlash, news at facebook as well saying it will now remove content containing the phrase "stop the steal" from its services in the lead-up to president biden's inauguration continued attempts to organize events against the outcome of the u.s. presidential election that can lead to involved in wednesday's violence in d.c. we, we're taking this additional step in the lead-up to the inauguration. tech taking on conspiracy theories, too, specifically qanon. it suspended more than 70,000 accounts associated with the movement amazon removing qanon on products, citing rules that have inappropriate content. carl, back to you. >> that's a good roundup of where we are now, josh thanks for that. we have some sad news to report this morning las vegas sands says that its founder chairman and ceo sheldon adelston has died. contessa brewer knows the company very well and can help understand his legacy. good morning. >> good morning to you this is really an end of an era because sheldon adelson was the last of the casino moguls on the las vegas strip, the last founder of a mega brand. at 87 he was the decisioner maker for this company he died last night of non-hodgkin's lymphoma which he battled for some time. it took him off multiple earnings calls, though not out of the office throughout the last couple of years his legacy, profound every market he touched, he changed. adelson's impact on macaw, his vision for singapore, dreams for las vegas, he leaves his mark on every integrated resort in every destination. he had a deep abiding love for israel he donated generously to conservative politics there and smashed records for political donations in u.s. politics in fact, according to the center for responsive politics, sheldon adelson and his wife were the single largest political dopers of the 2020 election cycle giving $218 million to republican or conservative groups they had donated more than $100 million in the 2018 midterms and in the 2016 presidential election they were trump's biggest donors sheldon adelson had a massive impact on u.s. politics. all of that, of course, was extraneous to the people who worked for him many of his executive team had been with him for decades. head of communications ron reese told me, today is a day when the housekeepers are crying over the death of mr. adelson he was perceived as anti-union, but executives point out what he paid and he offered for benefits exceeded what unions secured for those workers. and throughout the pandemic las vegas sands has not laid off any of its 50,000 employees globally, which really, i think, stands out not just in the casino industry, but in business in general last wednesday, the company announced adelson would take medical leave. it was an indication of how seriously his health was declining. the board named rob goldstein interim chairman and ceo signaling thoughts about the potential future leadership here the cfo is sheldon's son-in-law and the family retains majority share. sheldon adelson's funeral will be held almost immediately in israel with a memorial planned for a later date in las vegas, carl >> contessa, any clues as to whether or not or how the company's direction or focus might change >> you know, after he announced medical leave last week, we already saw analysts speculating about whether rob goldstein would entertain the idea of las vegas sands breaking into sports gambling remember, sheldon adelson was a very staunch opponent of internet gambling, spent a lot of money trying to fight it. and we may see some departure on that because right now all the businesses that las vegas sands engages in, these integrated resorts, those have all been shut down in the pandemic where with internet gambling, of course, that can stay up and running even if the physical casinos are locked down. we will see if that comes thr through to fruition, carl. >> contessa brewer on the deat of sheldon adelson at age 87 we are back in a moment. aaaand welcome back to guess the price. sal. what do you do? oh, i'm a retired postal worker. fantastic. are you ready to play? oh, heck 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the ceo of albertsons, vivek sankaran great to have you. >> thank you delighted to be back identical sales up 12, digital up 225 hard to find any hair on the quarter given the trends that we have seen post-covid are we looking at a period of deceleration ahead >> not yet, carl first, thank you for that. it was just a great job by our front line and we continue to be relentless in serving our customers even in these difficult times. i think customer behavior is changing we are changing the way we eat we are eating a loot mot more a home i think we will work more at home post-pandemic and some of those behaviors will stick the next year. i think it will be more like the last six months than 2019. so while we won't see the rate of growth we saw early in the pandemic, i think we are in for healthier growth than we saw before the pandemic. >> so, given that, and given that we have seen a lot more players enter on food delivery, is it going to be a share fight in the next six months, 12 months if so, what does that say about the level of promotion that players need to commit to and the margin differentials >> in fact, i think as people come into the world,is symbiotic. we have partners that help us with delivery. and some get more scale, if you imagine, legally because they serve a restaurant and serve a store like us. i think you will see them being very beneficial to where the customer is trying to go as regards to pricing and inflation, yes, the inflation was higher if you go back early in the pandemic. it's come down it continues to moderate down. it will be probably higher than what we are normally used to, but it has moderated down significantly, carl. >> i am curious about the vaccin vaccination rollout in your stores what does that look like how quickly can you begin to administer vaccines? what does that mean in terms of your own front line workers being able to get those shots? >> morgan, it's such an important service we can provide. we have 11,000 pharmacists and pharmacy technicians who are ready to deliver vaccines. we have dispensed 45,000 to date that's less than 5% of the capacity that we have to dispense vaccines. we need the vaccines and i think that the more state, local, and counties can work together to establish some standards on who gets what when and then if we can unleash supply, we are ready i know many others like us are ready to dispense the vaccines we need to unlock the supply chain and get it to us. >> yeah. i mean, i realize that we are still operating under emergency use authorizations and really in the early stages in terms that have rollout, but when the time comes in terms of, i guess, more permanent approvals is mandatory vaccination something that you are considering for your staff >> we have talked about it we think there will be a big uptick within the staff because of the education that we do and so we are going to lean towards that first we are considering it. we are going to lay it out and see how many people take it and then think about it. >> carl mentioned 225% annualized sales in digital growth it has to be coming off a smaller base than traditional sales. where does that go to ultimately as a proportion of your overall business, and what does it do to store logistics in terms of having people shop for others in the stores, whatever has to be adjusted >> mike, i think, you know, i always imagined it will get to 10% of sales in the marketplace bradley by 2025. i think we will be there much sooner than that i could imagine it getting to 15, north of that even by the 2025 timeframe you're right our e-commerce business is store based. we use those points of entry close to hw technologies emerging so you end up with not crowding the store we have in twoulfillment center think of a mini warehouse attached to a store doing most of the heavy duty e-commerce work so we reduce the traffic in the store. like everything in life and in this industry, we are learning and improving to make sure that we serve the customer well >> finally, vivek, i'm fascinated it sounds like you think one of the dedifferentiators going forward among the players is not going to be necessarily selection of goods, but fresh. i am wondering, as on operator, logistically, is that any more challenging? >> it is, carl the reason i think it's important going forward, if you eat at home and cook more at home or work at home and eat your breakfast and lunch at home, fresh matters that much more you want it to last. you want to have variety you want to be able to finish your shopping in the store we believe in fresh as an anchor and also believe in offering customers the entire portfolio you want organic, you got it you want a particular spice, you got it in our stores we want to give you that, too. that combination is what gives us an advantage. and then on top of that you put what we talked about capabilities to give you great convenience. >> vivek, congratulations on the quarter and the guide. market clearly responding today. look forward to seeing you next time thank you. >> thank you all take care. plant-based dairy alternatives i am throwing that out there all right. the trump administration will issue new guidelines today expanding vaccine eligibility. our meg trail has the latest meg. >> hey, we are hearing that the trump administration is expected to encourage states to broaden vaccine priorities to people over the age of 65 and along with that to start releasing those second doses they have been holding in reserve in order to be able to speed up this vaccination process here in the u.s. we talked with pfizer's ceo this morning about their manufacturing and he told us what he thought of that plan here's what he said. >> i think that's exactly what needs to be done and i think so far, i don't think that we have an issue of offering less vaccines in the country, or the countries, frankly. we have much more than they can use right now. so i think the main thing is to make sure that we ramp up what we can administer, more vaccines >> so pfizer's ceo striking an optimistic tone on the manufacturing capacity there reiterating what we heard from biontech yesterday that now they expect to be able to make up to 2 billion doses of vaccine worldwide this year. that's up from 1.3 billion doses. he also said they have got vaccines sitting in the freezers right now. as of the end of last year, they made more than 70 million doses. and they make millions more every day. they have only shipped 33 million as of right now. that's globally. so there is a lot of vaccine that is ready to go out and very confident about the pace of manufacturing continuing and even picking up there from pfizer in other news this week, in the health care space, eli lilly's ceo joined us this morning we asked about the big alzheimer's news we saw yesterday. their stock jumped quite a bit yesterday. it's now down about 3% alzheimer's, of course, has just been a terrible disease to try to tackle with drugs here's what dave ricks, the ceo of lily, told us about this study. >> this is a glimmer of hope for people with alzheimer's. of course, we are investing in another study and we will be speaking to regulators about the right path forward expedite this medicine to the marketplace. >> a disease there that needs more options to put it very mildly, guys we have got more coming up today from the jpmorgan health care conference, including the ceo of novartis and labcorp's ceo on "closing bell" to talk everything about testing lots to cop. guys, back to you. >> all-star lineup, meg. we will take those glimmers of hope i am curious about the antibody portion of this. i know you have had some of those discussions this week, too. obviously, as we know, in part from your reporting, how difficult it's been to administer some of those antibody treatments. what's the latest on that? >> it's such an important question thanks for blinking it up. lily's ceo told us about their antibody drugs and we are seeing an improvement in administering those. we heard only 5 to 20% were getting used at the beginning. now they say that is improving some states are doing better than others. getting more hopeful but could be improved even further >> meg, thank you very much. we will talk to you again soon now for our "etf spotlight." a look at the consumer staples sector xlp up 6% from year ago levels the group's eseconds biggest holding yuan holding walmart a fintech startup. they did not share the name of the new company or say when its services will be available walmart shares up almost 30% over the last 12 months and up a little more than 1% right w is morning. we'll be right back. stay with us ♪ what do i do when my love is away, ♪ ♪ does it worry you to be alone? ♪ ♪ how do i feel at the end of the day, ♪ ♪ are you sad because you're on your own? ♪ ♪ i get by with a little help from my friends, ♪ ♪ oh, gonna try with a little help from my friends. ♪ welcome back to "squawk on the street." starbucks announcing new initiatives to advance social and racial inequity. >> good morning. starbucks making a big commitment this morning to invest $100 million in a community resilience fun to advance small business and business projects. the company will invest via community-based lenders in 12 cities across the country, including new york city, atlanta, the biden administration athe bay area and houston. >> this is the best work, that bridge between the private and public sector. also, a company like starbucks, we build many stores per year across the united states, and we know these communities you can't help but have empathy for them you want them to thrive as well. but also, too, we understand what they are going through. >> the announcement draws on its october 2020 commitment to advance racial equity. we asked brewer about corporate america's response to the violence at the capitol last week which starbucks condemned over the weekend >> it's very detrimental to the work that we want to do, even the work we are discussing today, kate. this is where we need to focus our time between corporations and our public and private sector and so i think we need to do whatever we can to reconvene relationships and rebuild. >> and that rebuilding brewer says will take investments into communities which the company is committed to here, guys some investments are going to the same businesses the new ppe is focusing on, smaller and underserved companies. time now for a covid news update let's get to sue herera. >> good morning. here is what is happening at this hour. the federal government wants to speed up covid vaccinations by making shots available now to everyone aged 65 and over. that is expected to be the new guidance for states which may be announced a bit later today. as a result, some doses held back for second shots will probably be released earlier, which is what president-elect biden favors so far, roughly 9 million doses have been administered out of 25 million that have been distributed. states are creating large-scale vaccination sites as another way to speed delivery. right now the parking lot at dodger stadium in los angeles is one of the largest covid testing locations in the country it is being transitioned now to vaccines. and later this week the disneyland resort will become what orange county officials are calling its first super point of distribution site handling thousands of vaccinations each day. you are up to date carl, back to you. >> all right, sue, thanks so much it's a big day for gm today. they are announcing plans to launch in all electric commercial van called the ev 600 this year. we have got an exclusive phil lebeau will talk to mary barra at 11:30 a.m. eastern time we are back in two minutes re-entering data that employees could enter themselves? that's why i get up in the morning! i have a secret method for remembering all my hr passwords. my boss doesn't remember approving my time off. let's just... find that email. the old way of doing business slows everyone down. with paycom, employees enter and manage their own hr data in one easy-tftware. visit paycom.com for a free demo. let's get a check on where we stand in the market the indexes in the green recouping a little bit of yesterday's decline. the nasdaq leading the rebound a little bit, up a third of 1% the s&p 500 up a fifth of a percent at this point. swroi joining us head of derivative strategy at rbc, and founder and ceo of deaths nation wealth management amy, love to get your take on what big investors are doing priority wise coming into this year at all-time highs in the market, people thinking perhaps valuations look a little high, this is conflicting impulse to either chase it and add to exposure or lock in gains. what are you seeing predominantly so far this year >> well, look, you know, when we look at the derivatives market, a lot of the large institutional trades that are going up, a lot is in energy a lot of is in financials and a lot in consumer discretionary. what do they have in common? they are part of this vaccine recovery trade we continue to see these kind of trades come that the market despite obviously the volatility that happened during the capitol riots and we continue to think that that probably will continue as we hit this earnings season. >> then also on this strong energy that has been coming into the markets from retail traders buying call options, leverage bets on upsides, single stock options, we saw a couple of peaks in the summer and maybe in early december in this activity. where does it stand right now as a driver of the market >> yeah, we have been following this metric extremely closely because it's had such a huge impact on the options market and then, obviously, as a secondary effect, on the actual stock market itself. we saw massive peak in august, and then in november dipped into december, you know, likely related to the holidays. but retail is back and they are not shy about buying names other than megacap growth, tech they are actually also buying vaccine recovery names heavy flow if the airlines, in casino and gaming and consumer discretionary as well. on the margin that is going to be a driver of momentum this year as well as last year. >> michael, as an advisor, an asset allocator, dramatic moves in yields. seem to be prompting a lot of questions as to whether this is here to last obviously, bonds have been weak. yields have a lot of force behind this move higher, creating this impulse towards this energy and value trade, cyclicals. is that the way you would follow these trends, or do you think there are opportunities being created elsewhere? >> no, i follow these trends i think you will see softness in bonds continuing, although i am not a believer of a huge spike in inflation despite two or three trillion headed towards the economy. i think the inflation numbers will be low. ten-year treasury will be low. i think you will continue to see rotation as was mentioned not only to names like perhaps stocks, which we are not bullish on energy in the first place i think you will see a dividend rotation continue, maybe not so much away from growth tech, which is what people have been waiting for, but maybe away from fixed income i think that's the trend that's going to continue during the course of this year. >> michael, a trip around the world, i guess, what is your assessment of the different markets? would you be an investor this year are you an investor this year this the u.s. over international markets or vase verse a? >> it's interesting you say that i was asked by cnbc asia last week that exact question i still blaefb the u.s. is the blue chip economy of the world emerging asia and asia in general still has huge problems. i think the china recovery is okay, but not as great as some people are expecting i think there may be opportunity in europe right now. europe is completely soft with what's been happening related to brexit as well as what's happening in covid so i think primarily i look at the u.s. secondarily, europe and asia after that. >> amy, just a to touto touch o volatility, what you have seeing in that space right now? >> yeah, you know, when we look at volatility into 2021, i think it's really important to remember that volatility hit the highest note it had in 2020 surpassing both 1987 as well as the global financial crisis. obviously, from that peak we are going to come down but i don't think we normalize for a while. and after 200 #, the market for volatility didn't normalize for four more years after this i think the key thing there is a lot of systematic volatility sellers in 2020 were blown out of the market. they simply aren't there ultimately, volatility, like many other markets, it's a supply and demand of the market. so i think we have higher normalized volatility levels through all of 2021. >> michael, this is all leading up to friday when the banks really kick things off the story on banks has been about buybacks, which we got steeper curve, which we got. do you think the story op friday is going to be loss provisions and whether or not they have overprepared >> i think that might be the case, actually, carl i think that financials in general, as you know, had a headwind because of the so-called net interest margin hole they were working out of. as you mentioned, we have buybacks and we certainly do have some stability in bank stocks i think bank stocks have some appeal not only as i mentioned before because of dividends, but i don't think that banks are going to need higher rates necessarily to bounce back because expectations are so low for banks. so if they have overreserved for problem loans, we have 3 trillion coming into the economy pending travel, sort of a demand sitting there waiting to explodeup wards. i think banks are going to be the surprise in 2021 in terms of opportunity. >> amy, we have obviously heard a lot of talk, and have for a while, but maybe it's gotten louder that there are all of these areas of the market that seem like they are very speculative, being driven by just a lot of new money valuation. are you seeing anything in terms of options activity, in terms of people looking for hedges down the road that suggest a play out there for some kind of a market top or some kind of a reckoning that's on the way? >> yeah, you know, prior to what happened at the capitol, i would have said no but we are starting to see that change now i think people appreciate we have been living essentially in a tale, a global worldwide papathanasi pandemic for almost a year now also, people appreciate that there are things kind of outside of the reflakes trade that could bring the market down. the covid variants, for instance a metric we look at, the demand and downside hedging that investors want that is ticking up it's not just ticking up for institutional demand it's ticking up to some tree for retail it is the case that both of those groups are not necessarily completely bullish they are looking into the january 20th and february expirations. obviously, with the fbi saying there could be more riots on the way, you are seeing that tick up in demand for a little bit of downside protection. >> michael, when it comes -- you mentioned dividends as being, continuing an important theme. it's not been in the foreground lately in terms of investor priorities is that because you expect them to be bond replacements, or overall equity returns not to be that great in terms of price gains over the next few years, or something else? >> i think it's more bond replacements, mike i think you are still going to see demand even though you see softness in big tech because of the headlines around the capitol. i think there is plenty of demand in those areas. i think people are still looking for downside ticks for opportunities for big tech i think it really is that people are going to look at yields and say, listen, i'm making 1% on the ten-year treasury. where else can i go? unless people become incredibly bearish, and at this point they are not incredibly bearish, they are more concerned, i think people are willing to take that risk now, it comes with a risk. and people need to be aware that if you go out and buy a stock, it's a lot tirch than buying a bond you could lose 20% on the stock. you might not lose 20% on a ten-year note. but i think it's going to be bond replacement and we are already starting to see that happen and we are we astarting see that hatter in the people we talk with as well. >> pushing 18 in the ten-year note we will see what brings in yield buyers michael, amy, thank you very much. keep your eyes on etsy that's soaring more than 10% it's up 13% now. a record high. we have got new intraday record highs for the dow transports and the russell 2000 we'll be right back. stay with us wall street could be finding itself with a false sense of security says economist stephen roach. find out why on tradingnation.cnbc.com more "squawk on the street" coming up. keeping your oysters business growing has you swamped. you need to hire. i need indeed indeed you do. the moment you sponsor a job on indeed you get a shortlist of quality candidates from a resume data base claim your seventy-five-dollar credit when you post your first job at indeed.com/promo the city of portland has been rocked by violent rioters and clashes with law enforcement and downtown businesses have taken a big hit. more on that today. >> carl, that is right portland best known for the natural beauty and food and wine scene now home to ongoing demonstrations for nearly eight months covid concerns about public safety and the homeless situation resulting in an 82% drop in foot traffic, and that has resulted in a growing number of businesses leaving the city >> rioting picked up in portland and people just don't feel safe coming downtown. and that's incredibly unfortunate because our city is so beautiful. >> reporter: revenue declining and insurance premiums rising nearly 50% is making it increasingly difficult for small businesses, which account for 80% of portland, to operate. larger publicly listed companies based in oregon like columbia sportswear say they have no plans to leave, but ceo tim boyle and other business leaders acknowledge that lack of police presence downtown is a concern also, the fact that protesters who are getting arrested, many of them are not getting prosecuted i asked prind's mayor ted wheeler why that was the case. >> i understand our district attorney needs good evidence in order to be able to prosecute. and one of the things that makes that difficult is state statute has been interpreted by judges and others that restrict the ability of police officers to gather good evidence >> reporter: district attorney mike schmidt tells me one solution is beefing up the surveillance provided to police officers when they are on the job. instilling hope, though, in some investors here in portland, oregon, that i have been speaking to the past couple of days is that real estate price prices have healed ld up well the unemployment rate in oregon has been declining, now at 6%, which is lower than the national coverage business leaders still urging city and state leaders to come together with comprehensive solution so residents and businesses can get back to the vibrant city so many know, especially having grown up here in portland, oregon. >> some encouraging glimmers there. appreciate it. let's get over now to don chew. >> let's talk about what is happening with stocks. higher to start the day. not reaching the record levels that we saw last week. among the s&p sectors energy is again a huge outperformer as you can see, up 3.5% now on the individual stock basis, some of the largest oil and gas names out there leading that sector higher. that includes names like occidental petroleum, marathon oil and apache, some of the leaders. all of this coming as crude oil prices move to the highest levels in nearly 11 months so keep an eye on crude. it's part of that recovery trade playing out. nor morgan, back to you guys on "squawk on the street." >> we will keep our eye on that. president trump fighting back against big tech. moments ago with comments at joint base andrews take a listen. >> i believe it's going to be a catastrophic mistake for them. they are dividing and divisive and they are showing something that i have been prae digting for a long time. i have been predicting it for a long time. people didn't act on it. i think big tech made a terrible mistake and very, very bad for our country. >> yeah, is these are, i think, some of the first direct comments from president trump in light of everything we have seen the last couple of days. carl, looks like he was also, that he was also quoted as saying his speech before what we saw happen at the capitol building last week was, quote, totally appropriate. >> indeed. of course, as we watch shares of the social media companies, morgan, i am looking at wells on twitter where they say the artist is no longer present. we view trump as a unique animating force for activity and engagement that will not be easily replaced, mike. they say a significant portion of user time spent could go to other platforms, other media, and in their words, other past times. >> yeah, it's interesting. a real-world test of what people have talked about for a long time, which is how much he is basically the source of so much engagement the other side of it, and i have seen some analysis of this as well, a lot of advertisers have not really loved enter acting with that type of engagement for example, block certain key words for their ads. it's unclear if it has a commensurate effect on the advertising revenue side obviously, that is all to be seen clearly, the market is a little bit apprehensive about it. coming up, why our next guess says president-elect biden can save restaurants with the stro oa pekef n. they will explain after the break. don't go away. . welcome back restaurants continue to fight to keep their doors opened as the pandemic persists a. recent op-ed in the washington post calling on president-elect biden to join the industry joining us, a co-author of that piece, a top chef competitor kwame, thanks for being with us today. this op-ed has been a one-two punch. really the country over in terms of covid and lockdowns and closures for restaurants, regulating closures for restaurants and then you add to it, which is i know what you are getting to in this op-ed tariffs on some of those goods imported from europe. what could be done i guess as somebody who has such a vocal voice in this industry, what could be done to gip begin to e some of this pain? >> yeah, a lot can be done we need a lot of help within this restaurant industry we employ so many people you know there is a lot of first jobs, a lot of transitionary jobs that come from the restaurant industry. but president-elect biden can stop the restaurant tariffs on day one being executive action and that's just ending the 25% tariffs on the many food and wine and spirits that are imported from europe. >> yeah. you live or you are based in washington, d.c. you used to work attkisson kitchen and a very celebrated stint there. i am curious what your sense is from the main street perspective, from a business opener perspective in that city doing business right now, giving everything we seen from the riots last week and the fact that d.c. is officially extending that indoor dining ban through inauguration day >> yeah. well, i wasn't there for the riots. thank god. but a lot of my friend and peers in the industrwere and they were affected tremendously by it you know, they put occur few for 6:00 you know the same day and restaurants have to close up shop for that day and following days because of fear that these people were coming back and they were going to continue to we'll be right back havoc in the area. the industry is hit incredibly hard even with the small, you know, lifts on all of the restricts, whether that's 25% occupancy, 50% occupancy, seating outside, all of these things take away from our bottom line, which is very, very razor thin profit margin you know, we operate on very small margins. you take away any percentage of that, you are taking away food from families from a lot of people. >> in terms of the stimulus just passed, does that go far enough? is any kind of stimulus going to go far enough or do we need to get doors opened on restaurants? >> well, there is a restaurants care act that we are trying to get through as well. you know, that will help but there is enough that can be done there just need to be a large amount of it you know, these small little pieces we are getting, these crumbs in comparison to other industries, it doesn't make any sense, when we employ more people than any other industry out there. kwame, thank you for joining us today. we appreciate it >> thank you for having me. i amwatching the markets o this tuesday morning the dow is hanging on to slight gains. the dow is up about 40 points. the next hour will be very big in terms of interviews we will talk to gm's mary barra and lisa su, so stay with us stay restless with the icon that does the same. the rx crafted by lexus. get 0.9% financing on the 2021 rx 350. experience amazing at your lexus dealer. how? they have a better finance system than we do. i feel like they might have a better finance system than we do. workday. how do they make better decisions faster? workday. got to do something. workday! i think i got something. work... hey, rob, you're on mute. hello. [all] hey... there he is. workday, the finance, hr, and planning system for a changing world. ♪ch-ch-changes i believe it's going to be a catastrophic mistake for them. they're dividing and divisive and they're showing something that i have been predicting for a long time. i have been predicting it for a long time and people didn't act on it and i think big tech has made a terrible mistake and very, very bad for our country >> good morning, it is 8:00 a.m. at facebook headquarters in menlo park, california "squawk" ally is live. ♪ good tuesday morning, welcome to "squawk alley." this hou

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