And as covid cases continue to surge, with vaccine hopes on the horizon, Delta Airlines ceo will join us, first time cnbc. Well discuss his outlook for his troubled industry. Carl all right, jim, lets start with doordash, we were just talking about it with andrew and becky and joe. Your point yesterday was great story, but be careful. Well, look, i think there are a couple of things that are going in favor of it people who know the brand, when people know the brand, the younger investors just say, you know what, get me some i dont want them to lose what discipline they have because then were starting to get into a 1998, 1999 period where they put market orders in and whatever price you get may end up being the top price for the day. What i do think is important is people recognize that easy comparisons, for a little bit, but then when people can start going out again, they will choose to go out as much as they will use doordash, i dont think doordash goes away i think that it is more o
Safe with investors going allin on the kind of stocks theyll be very sorry about if the good news for the past 24 hours fails to payoff. And thats how the dow surged 912 points the s p rocketed up 3. 15 . And the nasdaq 2. 44 too many of the socalled pro covid stocks you know what i mean when you look at pictures of lines at bars in ohio or wisconsin this weekend, im sure you saw them how about the packed beaches theres none left in jersey, and florida. Its clear america is reopening for business theyre putting in new rules and regulations to keep people safe, social distancing and happened washin hand washing people are ignoring them talk about better to be sorry than safe. Living in new york i know the virus is contagious. I hope the rest of the country doesnt have to find out the hard way this is reckless, but seeing the lines did make me more confident about the economy. It did seemed somehow good even though i know it could be dangerous second, we got a look at a totally reassurin
Washington. Shes on the north one at the white house. We get to all of you would jerry on this record setting friday, the start with you. What a day and a week, what a month. So much better than last year this time. You are never what happened coming into this we had a major selloff, not this time. It is him melt up, not a meltdown. The now finishing up 70 points in the s p 15 as you see the nasdaq on pace for its seventh Straight Record close for the week. The dow and s p 500 nasdaq, up more than 1. 2 percent. The kids just keep on coming and ill have to tell you the traders down here tell me that if will continue for a while. They dont see any major selloffs in the last week of the year. Not christmas week, not the week after that. I want to talk a little bit about alphabet here. Ceo, awarded a 242 milliondollar pay package and this would be over the next three years and if he is all of his performance targets, as well as a 2 million annual salary beginning in 2020, he said this frid
Changing views on marriage and sexuality. Many, many other challenges too. During these and other periods of stress, especially over the last few centuries some have thought and argued the Catholic Church might become irrelevant. Disappear into the dust of history. My guess is says instead of being overwhelmed by modern times come the churches not only survived as it clearly has, but is actually key agent of change for the whole world. He is george whiteoak, catholic scholar and distinguished fellow with ethics policy centerpiece also wrote more than two dozen books and closing his latest the irony of catholic history how the church rediscovered itself and challenge the modern world to reform. George thank you for being here. Lets start with the book and pick this up right with the title. Whats ironic about the church, the churchs response. Whats ironic about it jerry, is a relationship that started with a lot of mutual head knocking. Vote tear, crying, crush the infini, folks hurling
Ipos could cause a lot of Collateral Damage for the rest of the market as Money Managers sell their Current Holdings to pay for this hot new merchandise. But there is another dimension to this story. Its a much more positive one. The dow gained 92 points, s p climbed 6. 3 nasdaq 6. 4 . It started with levis last night and lyft tomorrow. I think we could be looking at maybe the biggest run of ipos in the history of the stock market with a host of household names, Companies Collectively worth about a trillion dollars it will make owning individual stocks a lot more attractive than they have been in some time, at least until we get to the end of the run you got to understand, we live in a world where half of all new money goes into index funds because how poorly active managers, some with high fees have done. I compounded 24 annually after all fees much better than the 8 fund you would have gotten from an s p index over the period thats why everyone loves them, including me i think theyre