NEW CASES OF THE VARIANT
OF 34% AROUND THE WORLD,
NOT AS MUCH IS IN THE
U.S. BUT IT’S GIVING
PAUSE TO INVESTORS WHO
ARE EXPECTED TO PUSH THE
SELL BUTTON AS WE GET
UNDERWAY RIGHT NOW ON
WALL STREET.
HERE WE GO.
LOOKING AT THE BIG BOARD
AND THE DOW JONES 30
STOCKS BY THE WAY, ABOUT
A THIRD OF THESE STOCKS
ON THE DOW 30 WILL BE
REPORTING EARNINGS THIS
WEEK.
THAT’S A SEA OF RED INK
AS YOU CAN SEE.
UNCHANGED AMERICAN
EXPRESS, THE OTHER 29
ALL TRADING LOWER OUT OF
THE GATE.
AT LOOKING AT THE S&P AS
WELL, WE ARE EXPECTING
THAT TO BE DOWN.
IN THERE YOU GO, ONE AND
A QUARTER PRECENT AS WE
SAW IN THE PREMARKET
WITH SMP DOWN 42, DOWN
54 POINTS, ONE AND A
QUARTER PRECENT.
LET’S LOOK AT THE NASDAQ
, BIG TECH STOCKS
WITH THE NASDAQ AND DOWN
AGAIN ONE AND A QUARTER
PRECENT ON THE NASDAQ
DOWN 14,000 TO 40, A
LOSS OF 187 POINTS AS
YOU SEE WITH THE DOW
JONES DOWN 480 POINTS
PER YOUR TALKING ABOUT
BIG TAD, LET’S LOOK AT
BIG TECH, ALL DOWN, AND
SOME MODESTLY SUB-
ALPHABET, MICROSOFT AND
APPLE IN PARTICULAR WITH
APPLE OFF MORE THAN 100.
LET’S LOOK AT ZOOM, IF
WE CAN AS THEY ARE
BUYING 59.
ZOOM DOWN AND FIVE-NINE
UP.
WHAT’S THE DEAL WORTH?
LAUREN: $14.7 BILLION, ZOOM’S
BIGGEST DEAL EVER AND THE SECOND
LARGEST TECH A DEAL THIS YEAR
END AS WORKERS START TO GO BACK
TO THE OFFICE ZOOM HAS TO LOOK
BEYOND VIDEO CHAT.
THEY WILL USE FIVE-NINE
CALL CENTER TECHNOLOGY
TO REIMAGINE AND
SIMPLIFY WAY BUSINESSES
INTERACT WITH THEIR
CUSTOMERS.
ASHLEY: INTERESTING.
14 BILLION IS A LOT.
LET’S CHECK CRUISE LINES
IF WE CAN WITH THESE
RECOVERIES GETTING HIT
HARD BECAUSE OF THE FEAR
OF MORE COVID CASES AND
THAT IS CERTAINLY THE
CASE WITH THE CREWS
LINES AND BY THE WAYS
THE U.S. APPEALS COURT
SIDED WITH THE CDC AND
PUT ON HOLD A LOWER
COURT DECISION THAT SAID
THE CDC COULD NOT
ENFORCE ITS COVID CRUISE
SHIP EVERY WHEELS IN
FLORIDA.
OF THE CREWS LINES ARE
ALL DOWN SOLIDLY, ROYAL
CARIBBEAN, NORWEGIAN AND
CARNIVAL DOWN MORE THAN
4% AND SAME STORY WITH
THE AIRLINES I WOULD
BELIEVE HAVE.
DOWN BIG ON REOPENING
CONCERNS AND YET YOU
HAVE IT, ALL SORTS OF
RED INK WITH UNITED,
AMERICAN, JETBLUE,
SOUTHWEST ALL SOLIDLY
DOWN IN THE EARLY GOING.
CAN WE FIND SOME DOW
JONES WINNERS CRACKS I’M
NOT SURE WE CAN, THE
ONLY ONE WAS UNCHANGED
AMERICAN EXPRESS IF
YOU’RE THERE YOU GO P&G,
PROCTER & GAMBLE, MERCK,
WALMART IS MOVING EVER
SO SLIGHTLY HIGHER.
THOSE ARE THE THREE
WINNERS RIGHT NOW.
S&P 500 TO SEE IF WE CAN
FIND A STOCKS ON THE
UPSIDE.
CLOROX, MAYBE THAT IS A
TIP TO THE ADDED VIRUS
CASES, BUT CLOROX UP 1%,
KROGER, COSTCO, ALL
MOVING HIGHER IN A VERY
DOWNMARKET.
LOOKING AT THAT NASDAQ
WINNERS AS WELL, WE HAVE
INSIDE, COSTCO AGAIN,
XCEL ENERGY, THOSE
STOCKS ARE MOVING UP
ABOUT HALF A PERCENT.
LOOKING AT AUTONATION,
THE AUTO RETAILER, THEY
REPORTED THIS MORNING.
I HAVE A FEELING THEY
DID PRETTY WELL.
LAUREN: DEMAND FOR A NEW CAR IS
UP 42% IN THE QUARTER, FOR USED
CARS 47% AND AUTONATION EXPECTS
THAT TO CONTINUE UNTIL 2022.
THIS IS MY FAVORITE
METRIC, THIS IS A DOLL,
SUPPLIES THE ISSUE.
SUPPLY OF NEW VEHICLES
ON THE MARKET 14 DAYS.
IT WAS 49 DAYS LAST YEAR
AND THAT’S WHY THEY HAVE
RECORD REVENUE JUST
UNDER $7 MILLION.
GOOD LUCK FINDING A CAR
WITH A GOOD PRICE.
ASHLEY: YOU WILL PAY TOP DOLLAR,
BOTTOM-LINE.
LET’S LOOK AT THE
CHINESE CARMAKER, JUST
PRICED ITS NEW P5 SEDAN.
THEY UNDERCUT TESLA?
LAUREN: THEY DID, STARTING PRICE
ABOUT $25,000 AFTER SUBSIDIES,
BUT THAT’S MORE THAN A THIRD
LESS THAN TESLA’S MODEL THREE,
WHICH STARTS AT 30,000--
$39,000.
CHINA IS THE WORLD
NUMBER ONE CAR MARKET
AND DEMAND FOR ELECTRIC
VEHICLES THERE IS
BOOMING BECAUSE OF THE
SUBSIDIES BY BEIJING, SO
TESLA MAKES A FIT OF ITS
GLOBAL REVENUE IN CHINA,
BUT IT’S A FACING PRICE
COMPETITION.
ASHLEY: THAT’S A BIG MARKET, THE
BIGGEST.
LET’S LOOK AT TESLA IF
WE CAN.
THE COMPANY OFFERING
CUSTOMERS FSD PREMIUM
DRIVER A SYSTEM FOR $199
A MONTH.
OWNERS MUST HAVE TESLA’S
NEWEST COMPUTER,
HARDWARE THREE, IN ORDER
TO SUBSCRIBED AND AN
UPGRADE COST ABOUT $15.
STOCK DOWN TO A HALF
PERCENT.
LOOKING AT BITCOIN, WE
TALKED ABOUT THIS WITH
DENNIS GARTMAN, TRADING
LOWER THIS MORNING
GETTING VERY CLOSE TO
THE 30,000 LEVEL, 30,000
525 OFF OF $1400.
IF IT BREAKS THROUGH THE
30,000 RECEIVED A
SUPPORT LINE WHERE IT IS
A GO NEXT AND ASKED THE
QUESTION, WHAT IS THE
LATEST WITH THE
CRYPTO’S.
TREASURY SECRETARY JANET
YELLEN WILL MEET WITH
REGULATORS TODAY AS THEY
TRY TO BRING
TRANSPARENCY, CLARITY TO
THIS MARKET.
FOR CRYPTO AND STABLE
COINS WHICH UNLIKE
CRYPTO THEY ARE BACKED
BY ASSETS LIKE THE U.S.
DOLLAR, THE REGULATORS
ARE CONCERNED ABOUT
THEM, THE STABLE COINS
AS A RISK TO NOT ONLY
THE CRYPTO MARKET BUT
THE CAPITAL MARKET AS
WELL.
THERE WAS A PAPER BY
FEDERAL RESERVE ATTORNEY
AND YALE ECONOMIST
WARNING OF SYSTEMIC RISK
AND SO THERE’S LOT OF
IMPACTS TODAY.
AS DENNIS GARTMAN SAID
BE VERY, VERY CAUTIOUS
BECAUSE THE 35-- THE
30,000 LEVEL IS THE
SUPPORT LEVEL.
ASHLEY: THANK YOU, LAUREN.
LET’S CHECK THE BIG
BOARD.
IT TELLS THE STORY, DOWN