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Cnbc dom chui is all over this and our friend josh brown, tom, what could we expect today in friday was a blood bath. so, stephanie, it depends on data, not just on the omicron front, the economic data front. for today what we re witnessing on the early going on wall street is that the relief rally, this recovery from the worst day like you said for the dow since october of last year, for those keeping track, we have to get back 905 points as stef pointed out. 353 points for the nasdaq. now if you look at the tickers below you, that is what you want to keep in mind. markets during the covid pandemic has been largely about two general categories of companies. those that benefit during economic slowdowns and during stay-at-home and work at home type restrictions and those that benefit as the economy grows and people start to get out, travel and leisure. so the same thing played out on friday and this morning. sell-off on friday focused on ....
Figure, but if the story comes to fruition, could be spending time on the payment side of things with square and financial technology than perhaps with social media. well we ll be watching. dom, dan, josh, always good to see you three. thanks for joining. up next, a challenge facing a growing group of younger americans, becoming the primary caregiver for other ones but could the infrastructure bill provide much-needed help. we ll talk about what it could mean for some families ahead. ....
Hotels and cruise line and oil and gas companies and those are bouncing back a bit today. meanwhile you have zoom video conferences, netflix and peloton, those are the ones that are relatively weaker today after being real outperformers on friday amidst the covid fears. so the other variable this is week will come in the form of some corporate earnings reports from salesforce and the detail data coming out for cyber monday and black friday and that big monthly jobs number on friday. that is always a market catalyst. and big retailers have been telling us they re having huge demand this season despite higher prices. dan, explain what is going on here. if this new covid variant, if the symptoms are less severe than we initially thought or heard about on friday, could this just be a momentary blip in the markets? yeah, no doubt about it, stef. you have to go back basically a year like dom just said where we had real volatility in the ....
Risk assets and based on what the fed might or might not do on a new variant. and dom, twitter ceo jack dorsey stepping down. what do you know? so here is what we know so far and the reports are spreading. this is according to sources familiar telling cnbc that twitter ceo jack dorsey could be stepping down and this comes at a time when twitter, which is an obviously a very popular social media platform, that the company itself and the stock itself has been underperforming. there has been questions in the past about whether or not jack dorsey who is by the way the ceo and one of the co-founders of twitter, he s also the ceo and founder of financial technology and payments company square, whether or not he he could effectively run two separate large-scale companies at the same time. twitter shares by the way are up about 5% to 7% right now in early trading on that bit of news because of that cnbc report. but whether or not this is going to jump start the economy, remains to be seen. ....