ceos in the game both of them have electronic keynotes you will hear from them this hour and lisa su from amd is talking about new momentum and new chips to fuel it gm mary barra is not talking fuel at all. she is talking electric vehicles we will check in on julia on tech and social platforms entangled in politics. you got to do that first that is top of mind for so many in the country this week. absolutely. and, john, there have really been three big headlines in that social media and tech space. just in the past 24 hours, we had facebook announcing it s removing all mentions of stop the steal. that was, of course, a rallying cry of the rioters in washington last week and you have twitter announcing that they re removing 70,000 accounts related to qanon and have done that just since last wednesday and amazon saying it s going to remove all qanon-related merchandise they have been selling things that were labeled with qanon, hats, tee shirts, books, spreading misinformatio
side of your screen. 118 is where the ten-year note yield currently sits and the stocks elsewhere, we ll have marginal losses for the dow and the s&p 500, but jon najarian, a lot of people are talking about this move in interest rates. that s one of the states of play today, if you will you ve got these new vaccine guidelines and earnings season about to begin so where does this leave us? well, scott, after your great interview with mr. gunlock yesterday, i think a lot of folks are focused to whether or not the upper end is really 150 for that ten-year and they re worried about how quickly we get there and there s always that issue and the rate of change that s one of the things that really can affect investor sentiment as well as, of course, the broad market and folks that are committing a lot of capital to it. i m not really thinking that the rates can run away from us here and i m want sure that s what he talked about yesterday either, but i m worried a little bit that t
extension forecast where loans in process will have chance to close. however, it is not open for new business as the treasury secretary as you know has shut it down. there was obviously a great deal of consternation among some about that thank you. let s turn our attention to ipos this as qualtrics aims for a 14.4 billion valuation in what would be an ipo in 2021. it s been a big year for debuts. perhaps someone unexpected given the first half of the year was quiet. for those of you out there who expected this week to be one that would be quiet on ipo front, qualtrics were acquired by sap two years ago but the ipo market is among the hottest we have seen in years a lot of people were seeing as peep reflect on the year maybe looking at what we saw in 99-2000 drawing comparisons and making contrasts as well back in 99-2000 it was about eyeballs and these days these companies do have significant revenue growth at scale but the types of metrics that people are valuing the
the dow has fallen back, nasdaq is negative, as is the russell, s&p holding on to just about a five-point gain. everybody is thinking about what this new year is going to bring. john najarian, i go to you first. you have what may be some very interesting clues as to how some big bets are already being placed tell us. sure, scott well, virtually as we hit those new highs, we had very significant put buying show up on our computers, our algorithms and it wasn t small. it was huge. it was 14,000 contracts in one strike, it was 50,000 contracts in another strike. those are very big that s enough to get your afence a attention and buying out of the money hits the new high. it doesn t have to go down and be a 10 or 20% correction but some very big money. these were 5 million to $20 million trades that were going off in fractions of a second when that happens, that tells you that people that are running re large sums of money either want protection or they re betting that we rol
and tell la will be added to the s&p 500. we ll tell you what the industry refresh means for the market and tesla, as you see it up $19. power lunch starts right now. and markets are lower across the board right now and action is really set to pick up this afternoon as a major rebalancing occurs, highlighted by tesla joining the s&p. let s go right to bob pisani for more on that bob? kelly, we re near the lows for the day and the problem here is stimulus. stimulus right now at the end of the year is the marginal mover of the market. when you hear talks about additional problems or whether or not you want programs with the federal reserve in or out at this late hour, people tend to move back a little if you take a look at the s&p as we ve heard through the morning of hitches and difficulties, the market had a lot of difficulty moving forward but we re up 1% for the week when you have stimulus out there, the reopening stuff tends to drift south banks, real estate, there