. >>> good morning, great to be here with you all i'm seema mody in for brian sullivan. kicking off your final trading day of the month, the quarter, the year with a look at futures. low on the nasdaq by 12 points, dow jones down about 9 this after a banner year for u.s. stocks as they continue to recover from the march 2020 lows year-to-date the dow up 19%, s&p up 27% the nasdaq higher by 22% and despite still trading below their most recent 52-week highs, still impressive gains for the russell 2000 and the dow transport index. small caps up about 14%, transport up 31% for their best annual gain since 2013 an impressive move in oil right now, wti tracking higher by 60% so far this year don't forget about the moves in cryptocurrencies for the year bitcoin is up 66%, either up 412% around the world, japan and south korea were closed but the rest of asia ending on a mixed note aztec stocks in hong kong made a sharp move higher, today's move not enough to help the chinese internet etf, k web, it is down 55% this year, and on pace for the worst since 2013. tough year >>> eur

. >>> good morning, i'm seema mody in for brian sullivan at this hour kicking off your tuesday morning with a look at u.s. stock futures after stocks hit a record high yesterday. the dow up 91 points, nasdaq higher by 77 and the s&p 500 also trading in positive territory. this again after a very strong start to the final week of trade for 2021 with the dow gaining some 350 points, or roughly 1% in yesterday's trade, the s&p surging 1.4% to its 69th record close of the year. the index is now up four days in a row for the first time since its eight-day winning streak since back in early november year-to-date with s&p is up 27.5%. if it ends up more than 28.8%, that would mark its best annual performance since 2013 not to be outdone by the nasdaq, coming off a big day, closing up more than 1.3% for its fourth positive day in a row, its longest winning streak since early november when it rallied 11 sessions straight the nasdaq just over 2% below its all time high. sector specific, real estate, tech, health care, all trading in record high territory, big years too. outside of stock, treasur

modi in for brian sullivan. here's how money and markets are setting up their days according to a higher upper last time i checked. nasdaq up by 28. this coming after a record breaking stocks on thursday with the s&p closing at an all-time record high, the 67th year-to-date record high for that benchmark coming into the final week of december, the major averages are higher for the month of december the dow jones up about 4%, s&p higher by 3% the nasdaq is lagging up just about 1% check ing treasuries and where bonds are trading at today, ten year at 1.48%. oil has been moving a bit in the last couple of hours coming off the highest settle since thanksgiving wti is lower by 1% ice brent slightly higher at $76.26 bitcoin rather volatile week for bitcoin in general we're looking at it above 50,000 now. higher by 1% >>> let's go around the world, a mixed picture overnight in asia. where we saw stocks, japan lower by 106 points. hang seng higher and the shanghai flat on the day. europe just getting started, markets i

mody in for brian sullivan. here's how stock futures are looking. it's green across the screen, nasdaq higher by 39 points, s&p up about 4 this morning's action coming after the s&p posted the 70th record close of the year, the most since 1995 when the s&p ended at a record 77 times in a single year. helping drive stocks higher yesterday, at least 75 s&p stocks hitting all time highs, names like mcdonald's, costco, j&b. with yesterday's gain the santa claus rally looks to still be intact with three trading days set to go. let's get a check on some of this morning's top stories kristina is back with us again >> good morning. dr. anthony fauci, though, is p p predicting the latest wave of covid-19 pandemic may hit the peak in the u.s. by the end of january. fauci speaking with cnbc yesterday as new cases hit the highest level since the pandemic began. >> it certainly peaked pretty quickly in south africa, went up almost vertically and turned around quickly i would imagine, given the size of our country and the div

i'm seema mody in for brian sullivan stocks are in rebound mode but off sessions high. the dow up 108 points s&p higher by 2 the nasdaq continued weakness there down about 62 points after closing lower by as much as 2% on friday. the dow is on a four-week losing streak its longest since september of 2020 the transports index down about 11% from its 52-week high. and pay attention to the small cap stoxx, the russell 2000 dropping 4% last week and down 7% since thanksgiving. analysts noting that small cap stocks are vulnerable to economic activity and higher rates. >>> we are watching treasury yields falling friday's job reports and expectations the fed is on track to accelerate the taper. the ten year note yielding 1.39%. still below 1.4. a level we broke through last week. >>> and then the cryptocurrency story. bitcoin plunging to a low of $40,000 from $57,000 on friday, that's a more than 17% drop in 24 hours the cryptocurrency just to put this in perspective down about 30% from the all-time high close of 60,000 which it hit in early november. >>> making headlines at t

"spider-man" doing something no one thought was possible michael santoli and seema mody, no doubt on her 52nd cup of coffee today let's go topic number one 2021's tech winners. it has been a volatile year for many tech stocks with the threat of rising rates looming large over the past couple of months beating up some of the most beloved software names, but fintech cloud and cybersecurity and especially semiconductors saw big winners, with up start fortinet and nvidia, the biggest gainers of the year delano, let's start with you >> thanks for having me. i think a lot of these have the potential to perform well next year but with rising rates, i want to stick with the businesses that have the high-margin businesses spitting out cash flow i like nvidia here we know that the semiconductor demand will be in place for 2022, even with congestion and supply constraints but the demand will be there if you are looking at the data center, you are looking at the gaming chips unit which is a strong unit. one area to look at obviously is very, very pricey as far as price means, but you want to loo

mody joins me now with a look seema? >> and, jon, investors and travel executives really focused on the weekly data the latest hotel occupancy data for this past week shows weakness in europe and asia. but the u.s. is holding up well at 53% that is slightly lower than the prior week but still a record for thanksgiving weekend spoke to diane petras at the travel institute she says they're hearing travelers showing more caution and taking a wait-and-see attitude toward booking international travel as countries impose more requirements you have israel and japan where nearly all foreigners are banned from entry south korea adding a ten-day quarantine requirement and germany imposing tougher rules on unvaccinated citizens booking holdings getting an upgrade today from ubs home rental platforms like airbnb expedia beneficial should this have a larger effect on travel sentiment >> i'm wondering this time around is it mostly the risk in the travel industry tilted toward international in particular and does international mean som

>> all right, seema mody with the latest on the travel outlook. let's dive into the big travel trade, overall steve grasso, maybe we'll begin with you, as we take a look at what's happening, we are seeing, yes, people want to travel for the holidays, will they do so, do you have travel plans, and do you think the rest of america shares your sentiment? >> i don't have travel plans, but it is not as if i have them and canceled them. i just like to stay home for the holidays and be around family. but i do think i agree with that, if people had international, they now switched it to domestic they had domestic, they switched it to driving some place so i do think if you look at the airline stocks, the hotel stocks, the last three months, dom, tell the story. you had airline stocks that have been beaten up aggressively and then if you look at last three months, that's how you should gauge whether you want to buy a hotel name like a marriott, or a vac like a vacation club marriott which is more of the time share model when i look at this, i think people'

said the seema mody has what is to come for travel in 2022. >> reporter: 2021 was mired by travel delays. executives are still betting on a big recovery in 2022 >> when we actually did a survey on the topic of where are people going, what do they want to do, 89% in the u.s. said they wanted to travel more in 2022 than they did in 2019. airlines to confront the travel shortages that have given them trouble huge pent-up demand. >> reporter: that will put morei pressure on hotels and airlines to confront the staffing shortages that have given them trouble whether it's leaning on robots to clean rooms, simplify food and beverage menus or train staff to speed up service. >> there's a pinch in the labor market so they have to be more productive we're doing a lot of education to say, how do you make these great cocktails but make them fast, so it's convenient for the bartender as well. >> reporter: staffing issues and travel disruptions ramping up again during the holiday rush, with thousands of flights canceled and likely more to come travel woes are not expected to discourage people from taki

." >>> we begin with the markets and seema mody with the numbers. >> three hours left in trade, good afternoon we are looking at the dow and s&p 500 pulling back, but off the worst levels of the day. the nasdaq back above 15,000, and just for some perspective the dow is just down around 3% from its all-time high taking a look at what stocks are leading us lower, goldman sachs is the worst performing dow stock right now, down just about, let's see, here we go, 4% as you can see there continues to be, right, this discussion around the fed's hawkish pivot, what it means for the banks. wells fargo, morgan stanley, jpmorgan down around 2% to 3%. what is working interestingly enough the stay-at-home trade. zoom, peloton, gaim me stock all higher after a bruising week and year they seem to be seeing a bit of a rebound. gamestop up 8% on that note, amc spiking 20% today. we will hit the stock in "rapid fire" but a big comeback in this name market still on pace to end the week lower it is highly concentrated in technology names like microsoft on pace for the worst week since october of 2020 m

welcome back i'm seema mody in for brian sullivan where are stocks shaping up. stock futures, we are lower. this after the major averages staged a rally following the monday selloff the dow and s&p up 1.5% while the nasdaq clears about 2.5% yesterday. i want to draw your attention to the small cap benchmark russell 200. that was a big winner for its best day since late july pointing out, yesterday's bump having revisiting the 50-day moving average the area that ended up until november and only 2% a way from fresh records. also want to look at several stocks that were beat up and making a come back names like coupa and way fair down and up just 8% yesterday to more of the morning's top stories. be bertha coombs. >> waiving the moratorium for student loan payments. administration said it would stick to that deadline is mulling the move amid the surge of omicron cases and potential threat to the recovery spokesperson says the white house will announce whether it will extend that further later this week. >> a growing number of high-profile companies are scrapping th

could that trend reverse in 2022 our seema mody is looking at some of the reasons investors are betting on emerging markets. >> frank, do you know what's interesting? had you listened to black rock or hedge fund bridge water in 2021 you would have thought china was the place to invest. alas, chinese tech stocks hit by regulatory concerns losing half of their value this year, on track for their worst year in history, really. there were right smots in markets overseas, russia up 16%, india, the best performing emerging market, up 21% fueled by a rebound in the economy. that's why an investor mark moabia, says the key to investing in 2022 is get collective and stay away from broader emerging market etfs. >> it is very, very important for investors to look carefully at each country and examine which ones are going to be locked down continuously, and therefore have real problems, like china and then you look at india doing very well and taiwan, doing very well it is going to be a very interesting situation. it is very important not to buy the index, not to buy the emerging markets index but

i'm seema mody u.s. listed shares of didi plummeted after the ride haling company it said it would delist from the new york stock exchange chinese stocks under pressure today and this year. the w web china internet etf cut in half in 2021. your trading nation team today is craig johnson of pipe letter sandsler and ava ados. i guess the regulatory risks outweigh the benefits of owning chinese tech >> absolutely we eliminated our china exposure over the last year or more we have seen a series of unpredictable news announcements that have been detrimental to chinese companies. that is a remind hear the regulatory risks associated with them exceed and outweigh any potential benefits you can have with their growth names. >> craig, what's the trade. >> the trade is, the chart says it all, seema. when you look at it, you can see it purely looks like people are trying to catch a falling knife. they are making five-year new lows on the bkcn if you drill down and look at the baba chart that's 10% of that particula

i'm seema mody nasdaq 100 welcoming a few new additions to the exclusive club. palo alto, airbnb and others get the nasdaq seal of approval why what about the traders let's bring in the analysts. you like palo alto up 50% this year. >> had an incredible year and might be a good stocking stuffer. if you look at it, the network security side of the business, all those segments hadn't have less than ten major product releases that tells me that the company is doing a great job to keep up with infrastructure and i.t. demands. if you look at a financial standpoint, last quarter is a 30% year orr year increase but i'm looking for a stock here that's going to do well in a secular growth story and they are the market leader in the story and that's where i would go. >> to what degree can a nasdaq inclusion have a positive effect >> outside of one or two days probably not much. i don't think this is a signal to trade off of but looking at the additions and exclusions probably the industry pair that i think ultimately helps the index performance is that of palo alto and re

i'm seema mody scooping up over a million shares of twitter after the company announced parag agrawal would take jack dorsey's role as ceo. >> we like under his leadership what we're doing from a monetization point of view we also like twitter's positioning as a verification platform because we think that's going to become huge with nfts. the verification is what's going to make nfts valuable, the scarcity factor. so we're pretty excited about what's going to happen at twitter. and if you've looked at the results recently, they have started accelerate user growth and advertising growth >> so how should you trade the stock? let's bring in mark newton and michael bappis michael, i'll start with you do you agree or disagree with cathie wood? >> yeah, seema, thank you for having us. look, i think it's become the first choice human instinct of way of connecting with people. i mean, whether it's for business or for friends or dating or anything social, e-payments, e-commerce, we all turn to social media and are so dependent on it. i just think this sector continues to grow. innovation is of

i'm seema mody uber shares jumping more than 6% after ubs named the stock its top pick in the ride sharing and food delivery space, and the company will benefit from a demand recovery and underappreciated margin potential. also giving lyft a buy rating. should investors take a ride matt and quinn join us matt, i get that analysts are on the stock, a number of drivers that could help the company. why is it down so much this year the competition? the labor shortage what is it a combination, i'm sorry, of all of those issues. but one of the things that -- if we have to decide between the two, they chose uber, and it is interesting. peter lynch was -- he was one of the most legendary investors of all time he used to say use your everyday experiences to be part of your investment decision-making process. one of the things i found recently in the last few weeks is talking to people who drive for both lyft and uber, to the person, they have all said lyft has been better for their customers, it has been better to their drivers. i would be leaning towards those. but looking a the charts of the stoc

i'm seema mody lennar tumbling after weaker earnings than expected home builder squeezed by higher lumber and wage costs and material shortages weighing on the housing group. home construction etf falling after a serge in housing starts in november. its best month since march one of our next traders says could be more pain ahead for the home builder trade bring him in, and matt, housing incredibly strong thanks to lower rates, lower inventory as well, but lennar's results, how concerned should investors be? >> well, i just think it's not a major concern. i mean, they talk about this issue with lumber prices lumber is getting very over bought on a near-term basis. some point first quarter next year will pull back. however, on a near-term basis, look at the chart on the itb, the mac d chart, measure of momentum with a great run and starting to lose steam having what they call a negative cross. several of those in the last year and each time followed by a near-term pullback that lasted a couple weeks what i'm saying not so much a disaster for the group by any stretch, but you don't want to c

according to expedia, 40% of people are planning international and domestic travel next year seema mody has what is to come for travel in 2022. >> reporter: 2021 mired by travel delays. executives are still betting on a big recovery in 2022 >> when we actually did a survey on the topic of where are people going, what do they want to do, 89% in the u.s. said they wanted to travel more in 2022 than they did in 2019. huge pent-up demand. >> reporter: that will put more pressure on hotels and airlines to confront the travel shortages that have given them trouble whether it's leaning on robots to clean room, simplify food and beverage menus or train staff to speed up service. >> there's a pinch in the labor market so they have to be more productive we're doing a lot of education to say, how do you make these great cocktails but make them fast, so it's convenient for the bartender as well. >> reporter: staffing issues and travel disruptions ramping up again with thousands of flights canceled and likely more to come travel woes are not expected to discourage people from taking a vacation in 20

. >> all right seema, thank you very much seema modi dr. j, you do own carnival calls. however thinking about this issue right now? >> well, i think the only way you can think about it is it will soften them up a little bit, scott i'm sure on upside calls in january. i'm short the 22s and obviously that's a $3 spread and really not that much the 19s are still up 44 cents and the 22s are up 18 cents, scott. so that spread is expanding a little bit rather than shrinking and i'm grateful for that and it's one of the reasons you do want to have a hedge on, and i know the pre-sales they had for black friday were through the roof, but guidance like this, scott, i'm not going to kid anybody will put a cap at least for the short term on the upside for these stocks >> yeah. i appreciate that, doc we'll take a quick break when we come back, the halftime report stock summit returns with steve weiss. we'll talk about his top second-half hits and the misses, of course. we're back right after this. thinkorswim® by td ameritrade is more than a trading platform. it's an entire trading

mody has what is to come for travel in 2022. in >> reporter: 2021 was mired by travel delays. executives are still betting on a big recovery in 2022 >> when we actually did a survey on the topic of where are people going, what do they want to do, 89% in the u.s. said they wanted to travel more in 2022 than they did in 2019. huge pent-up demand. >> reporter: that will put more pressure on hotels and airlinesl to confront the staffing shortages that have given them trouble whether it's leaning on robots to clean rooms, simplify food and beverage menus or train staff to speed up service. >> there's a pinch in the labor market so they have to be more productive we're doing a lot of education to say, how do you make these great cocktails but make them fast, so it's convenient for the bartender as well. >> reporter: staffing issues and travel disruptions ramping up a canceled and likely more to come travel woes are not expected to discourage peopl again during the holiday rush, with thousands of flights canceled and likely more to com

here to break down today's headlines, our own bob pisani, seema mody, and david wagner, who's jumping in the pool with us welcome, everybody and our first topic is tesla's recall today nearly half a million of the model 3s and model s vehicles because of issueswith the rear view cameras and trunks. tesla says it's not aware of any crashes or injuries related to the issue. it's recalling them out of an abundance of caution remember they also recalled 100,000 vehicles last winter over issues with the touchscreen. shares are basically flat today. they're up 40% over the past three months and despite the recalls it had a great year they're up more than 50% year-to-date bob, i'll go to you here i think the real story is that tesla is basically cooperating with regulators on its full self-driving and other much more important software advances. and i'm not sure this recall really matters >> i agree with you. on the surface it looks kind of scary, 25% of all deliveries holy mackerel. that seems like an awful lot and it is. but it's pretty minor if you look at it what they're talking about he

shares surging in the afterhours seema mody has the break down. >> micron's revenue guide for next year enough to send shares of the chip manufacturer up over 6% in afterhours trade here. ceo the ceo says the secular demand for memory and storage along with micron's focus on building our technology and product leadership and deepening our customer relationships continues to strongly position us to create significant shareholder value in fiscal year 2022 and beyond. on the chip shortage, micron entered into strategic agreements to secure supply of certain components that we need to manufacture our products. as a result, the current tight splay of these components is expected to gradually improve throughout 2022. also dropping a line on the metaverse, saying the build-out of immersive virtual worlds will offer more opportunity due to the intensive use of significant memory and storage and these applications now, as to where he sees growth going forward, micron sees automotive and industrial to be the fastest growing memory and storage markets over the next decade executives say it's well

also seema mody and julia boorstin that is quite the trifecta for "rapid fire" today first up, we've got electric vehiclemaker nikola. this stock is, you can understand, soaring today, it's up, like 19% right now but the company has had a tough year amid aongoing production delays they paid a $125 million settlement the stock is down nearly 27% on the year as a result this used to be bob pisani, the kind of poster child for the nontesla evs at one point, and then kind of things unraveled. what exactly is the case to be made for owning nikola right now? >> well, the case to be made is they've got a tremendous product potentially out there and in some particular areas like commercial evs where they may be able to be really important. the problem is very simple one, they're not going to make any money this year and not next year it's all based on the idea they're going to have an enormous ram-up in business. i think they're going to pull in 2 million this year. there's hopes they'll have 150, $200 million in revenues next year, maybe. but that's all a prayer right now. you mentioned tha

the travel sector, and let's get over to seema modi for the moves. >> frank, a trifecta of news around covid helping lift travel stocks this week there's new data showing omicron is less severe approving pfizer and covid pills with hospitality executives telling me that will lift travelers' confidence and efforts to expand testing which can also aid easing concerns around covid hotel operators, marriott, hilton and real estate investment trust up 8% to 11% this week. the online travel platforms, expedia is outperforming its peers, airbnb and booking holdings up 11% and it's in the cruise lines and carnival is on track for the best week since february up about 16% after the cruise line unveiled a rather bullish outlook on future demand for cruises. we're talking second half of 2022, but just to put these moves into perspective, all three krcruise lines all off by 20% or so. >> seema, thank you so much. hilton trading at an all-time high and travel having obviously a very strong showing. josh, you own live nation and you like those online travel plays. >> i do, i just think you have to b

. >>> beginning with today's market, seema mody here to do the honors >> thank you stocks lows of the session comments from uk prime minister boris johnson, the dow is currently down as much as 1%, currently at 35,632. the companies that do well when covid concerns are low, the airline, industrials, trading down as well as some of the casino players american airlines down about 5%. other reopening trades, the cruise lines which tend to be most reactive to covid headlines you will see down about 5% with today's losses, i would point out carnival, the biggest cruise operator, is off as much as 40% from the 52-week high meme stocks, take a look amc, gamestop are getting wrapped in today's sell-off. for the month gamestop and amc are down about 30% so far in the month of december. among the best performing stocks on the s&p 500 at this hour, well, i guess it kind of makes sense, it is the vaccine manufacturers. we have moderna up about 6% or more, and pfizer up nearly 5%. kelly, back to you >> seema, thank you. >>> now, the big event this week is, of course, the fed meeting not just becau

let's get into the top calls for 2022 in this edition of rapid fire joining me, cnbc's seema mody, delano sapporo welcome aboard, everybody. we will start with the most obvious consensus name of the whole list, and it is apple. evercore naming it a top pick for next year. they call it the roaring 20s they see continuing for tech they see sustained upside for the iphone and wearables, still below the $3 trillion, up 30% this year. chris, are you a buyer >> i am not, kelly thanks for having me back again. you know, it is just such a consensus pick i don't get this one compared to the alternatives in the faang universe apple is supposed to grow earnings about 8% next year and it is selling for 28 times those earnings a stock like google, for example, is going to grow twice that rate and selling at 22 times. facebook, again twice the rate and selling at 21 times. people forget that iphones have good years and bad years, and if they have a bad year, as recently as early 2019 apple sold at only 11 times earnings so, you know, there's a lot of potential downside and there's more upside in other

bad news cdc recommending that people avoid cruises even if they're fully vaccinated and seema mody has that story. >> that's right. avoid cruise travel that's the recommendation from the cdc as more ships disclose covid case on board, roughly 90 ships the cruise lines are not happy with this development saying it's particularly perplexing considering the cases identified on cruise ships consistently make up a very slim minority of the total population aboard. the move is seen as a setback for the industry that just restarted sailings in june after being shutdown for nearly 15 months due to covid. putting pressure on their balance sheets and pushing cruise lines to take out debt and issue stock. but the story in recent months has been about recovery as passengers set sail and cruise lines bring them back to sea carnival says the announcement from the cdc has not impacted current sailings, bookings data in the coming weeks will tell us how the cruise line's loyal customer base are responding to the cdc, putting cruises in in the highest covid risk category, level four, this is a recommen

. >>> another look at the economy, let's bring in our seema modi, what's striking the market today? >> the news around covid seems to be improving. pfizer's pill which cuts hospitalization rates. they're expecting to see this pill to be sold $18 billion next year. i will point out that omicron is changing holiday travel plans. more americans are cancelling international travels and instead opting for destinations closer to home. they're still traveling. the desire is there and that's why planes are packed and tsa numbers suggest we are back to prepandemic level. if you are flying, expect long lines. jobs claim will be in focus. the number of people filing claims did rise last week. they need the job picture to remain strong and intensify the rate as which they scale back economic stimulus and allow interest rates to rise. the other part will be inflation, consumer spending later today and that's expected to slow in the month of november and stocks again are up on track to close the week higher, mika and joe. >> unbelievable. you look at those numbers and the future, two strong days,

. >> travel stocks, seema mody with the details on the movers there. seema? >> yeah. some optimistic commentary from ceo james golden who said restrictions lifted and led to the pent-up demand in travel rbc capital analysts surveying vacation rental managers and said a shortage of homes led to a longer booking window. that's a bullish sign and seeing airbnb and expedia up 3 to 4%. cruise lines, carnival with gains as much as 9%. marriott up nearly 6%. sara and wilf? >> thank you mike, if we continue not to get seriously bad news confirmed as it were relating to the new variant there's probably room to bounce further. >> right especially airlines. that's been abandoned before this phase even with the little bit of a worry of international travel it is fascinating and i have heard that comment before. we get to price in a reopening but you need giveback of activity so it's a fair conclusion to say we are not in the mode again of likely imposing draconian restrictions on travel, business, hopefully you don't get the suppression and therefore not the big reopening. >> i d

seema mody has a breakdown for us. >> hello booking holdings ceo today saying that he acknowledged the impact of covid on staffing and cancelations and pushing more travelers to reassess plans. listen in. >> so if an airline doesn't have the appropriate staffing it can't get that plane up in the air and they have to cancel the flight and the holiday season is worse because thing are so prouded. there's not a lot of flexibility. people out of place. you have to get rebooked to be home and beginning the vacation may decide to rebook later in the year i understand that. >> he doesn't see the latest travel woes derailing the broader recovery in 2022 saying the cancelations is a small percent taj of the tote annual and saying shorteningthe quarn tee period is encouraging. >> thank you for that. is this broader sector back to trading often multiples or led by the news headlines? >> mostly headline driven. probably also trading some anticipation of a normalized level. hotels is the case i doubt for cruise lines and difficult to go point to point and say this is going to be normalized we are a

josh lipton is tracking chinese tech and seema mody with guidance on cruises. mike, start us off with the broader markets. nice steady rise. >> yeah. kind of a gentle lift. same percentage gain on the s&p 500 as yesterday .7%. led by some of the relative laggards and a mean reversion playin the large caps and smal caps today the former facebook as well as amazon not performing well as the growth names at the top of the s&p 500 and chinese tech, spacs, recent ipos up a lot. seems like the liquidations perhaps finally run the course they want to take a look at the divergences in stocks in the same industry that have di verged this year look at this a 50 percentage point spread citi is poor performer probably due to business and geographic mix but when you get a new tax year and performance year for professional traders starting soon, maybe there's convergence that might be due. another one, amd versus intel. this is about intel really not doing anything in a strong year for semis. amd with the fundamental momentum much more expensive. intel cheap but a struggle s

seema mody with a look at the biggest movers. >> typically a peak time for travel but staffing shortages, bad weather sending shares lower led by united airlines down about .75%. also debated the knock-on effect on hotels. does this lead to a lower check-ins? after posting big gains last week, four ships with covid on board. no cancelations. just cut short and that's key. >> also i wanted to ask you. i was reading about the cruise lines and how even though they don't have crazy outbreaks but the fact they do makes it hard to disembark on the stops planned because the locations don't want them to get off the ship so how do the companies deal with that >> so far the cruise lines since restarting have been able to disembark despite passengers testing positive on board. in 2020 a lot of cruise ships with people that tested positive and had a hard time to disembark. that situation changed and addressed in the protocols with the cdc and the ports but of course if we see more pushback from cities and importants that could be a biggest issue. >> thank you so much mike, travel stocks corrected so

joining us now, cnbc global markets reporter, seema modi. thank you for being on this morning. >> thank you so much. >> great to be here. >> it reminds me of spring of 2020. the market would go up 5% one day, would go down 5% the next day. you were schizophrenic for weeks. we saw some of that yesterday, didn't we? >> we absolutely did, joe and mika. major rebound on wall street. the dow up over 500 points as investors continue to digest the latest omicron news. while there are increased concerns around the prolonged effect of covid on inflation, the supply chain crunch, some analysts are pointing to the fact that, unlike in uk, here in the u.s., governments, so far, have resisted from unveiling strict lockdowns that can have a negative impact on the economy. we will get a crucial read on the economy today with data on consumer confidence, third quarter revision to gdp, and existing home sales which will tell us how americans are responding to the notion that interest rates are moving higher next year. wall street is also keeping a close eye

seema mody with a look at what's behind the move lower. seema? >> sarah, shares of jd plummeting after tencent is shedding a majority of its shares, worth about $16 billion in a one-time dividend the sale represents about 15% of jd's total issued shares now, many are reading this move as an attempt to shift the p perception around tencent being this large conglomerate as beijing continues to crack down on bigger internet giants. tencent defending its move saying in a filing thae iing th reached a status where it can finance its own growth shares down by as much as 17% and down on the year of all chinese companies, tencent has remained a big -- an active investor in start-ups in tech over the past couple of years. it does have stakes in companies like tesla and snap. >> thank you >>> still to come, financials in focus. a top portfolio manager here to tell us why we would see more bank deals in the new year, why it's becoming necessary for smaller banks to merge. >>> as we head to break, a check for you on bonds ten-year yield around 1.49%. selling

. ♪ ♪ ♪ ♪ ♪ ♪ >>> airbnb competitor is going public via spac oi and seema mody is joining us with the ceo. >> matt roberts, welcome to cnbc we've spoken the last two years as you have built vacasa into this tool for homeowners, everything from cleaning, fixing broken toil ets to fields injuries going public today what do you plan to use the proceeds you raise on? >> thanks for having me on we'll take these proceeds and really invest back into the huge growth opportunity we have in front of us. we'll triple our investment in the technology platform that we've built. and we'll continue to add properties to our platform >> i've spoken to a number of your investors including tpg i think that there is a question on ball street around how your relationship with airbnb, expedia and booking evolve overtime you've told me that we're not a competitor, a partner, but at the same time, you are building out this technology to convert some of the customers to book directly on vacasa so is the broader goal to disintermediate the publicly interested companies >> no, not at all. i was going to correct

. >>> seema mody is here. >> carnival is said to report on monday the focus will be the impact on sailings the company had said the second half 2022 bookings were pacing ahead of 2019 levels and return to profitability. in its last report, it said it expects to break even during the early part of 2022 that's important, because the crew lines are sitting on billions of debt capacity also in focus carnival was aiming for 55 ships, around 65% of its fleet back in service by the end of this year. one of the concerns is that carnival, along with the other cruise lines are bringing back hitches at a time when the variant is raising more questions about the future demand william blare pointing out that -- when delta cases started to rise. as a result analysts say it's prudent we wait before getting more constructive on this phase. cruise stocks among the most reactive to covid headlines really from the start. they rallied on december 6th when experts said the variant was less severe. it's been a choppy ride since then david >> thank you, seema. >>> shares of gm are getting hit fairly hard. we got

. >>> the big travel boom expected in 2022 could be volatile and full of wildcards, seema mody joins us with possible buying opportunities. >> travel in 2021 was mired by travel disruptions and new variants experts say 2022 will likely be the same essentially overseas from vaccines and testing requirements, but they say it won't discourage booking trips next year. >> people become used to it and it becomes another rule. like it's just another part of travel that may not be the most convenient but i don't think it's going to prevent people from taking the trips they want. >> of all the travel related names, the big hotel operators performed the best up 25 to 40% this year as rising vaccination rates raised bookings and hotels are outcompeting airbnb this year for 2022, gordon haskin still favors airbnb forecasting longer term bookings to accelerate in the face of omicron of the hotels, analysts, helping the hotel operator increase share of resorts and travel which continues to be the strongest part of the recovery coming off a strong week, the cruise lines are trading lower in premark