SPEAK MORE ABOUT THESE MARKETS
WE'RE JOINED A DAVID NELSON
CHIEF STRATEGIST AT BELL POINT
WEALTH MANAGEMENT. I DAVID IT'S
GREAT TO SEE YOU THIS MORNING
SO THESE JOBLESS NUMBERS WORSE
THAN EXPECTED BREAK DOWN WHY
THIS IS NOT STILL IMPACTING THE
STOCK MARKET.
>> LOOK AT THE HEADLINE
NUMBERS REPORT AND IT GOES TO
JUDGE A PALACE A POINT WE'RE
STILL SAYING JOBLESS
CLAIMS THAT THAT ARE RIVALED
THAT OF THE FINANCIAL CRISIS.
I THINK THE MARKETS UNDERSTAND
THAT THE HEADLINE NUMBER DOES
MATTER RIGHT NOW WE'RE LOOKING
POST
THE VACCINE. WHAT IS THE OTHER
SIDE OF THE VACCINE ROLLOUT
LOOK LIKE AND OBVIOUSLY MARKETS
ARE PRICING THAT AND SO THAT'S
REALLY THE MORE IMPORTANT
MESSAGE HERE NOT AN INDIVIDUAL
HEADLINE NUMBER RIGHT NOW IT'S
GOING TO BE QUITE A WHILE
BEFORE WE CAN GET BACK THE
LEVELS THAT WE WORK THROUGH THE
PLAN THROUGH THE PANDEMIC.
>> AND OF COURSE THE CONCERN IS
THAT WITHOUT THIS ONE 0.9
TRILLION DOLLARS STIMULUS
PACKAGE THAT NEARLY
11 MILLION AMERICANS WILL IT
LOSE THESE EXTENDED PANDEMIC
UNEMPLOYMENT BENEFITS AS
OF APRIL. WE DO ANTICIPATE THAT
AT LEAST HOPEFULLY BY MARCH
NEXT MONTH THIS ONE 0.9
TRILLION DOLLAR PACKAGE WILL
ACTUALLY MAKE ITS WAY THROUGH.
I ALSO THINK DAVID JUST ABOUT
WHAT THIS MEANS FOR CORPORATE
AMERICA. I MEAN THE REALITY IS
IS IS THAT MAIN STREET
IS HURTING THE CORPORATE
AMERICA AND IN CERTAIN WAYS IS
BENEFITING 19 PROFITS FOR THE
4TH QUARTER ON PACE TO
ACTUALLY GROW AFTER THE 1ST
QUARTER OF 2020 THE ONLY
GROWTH COURT FOR THE FINAL
QUARTER OF THE YEAR AS
COMPANIES MADE ADJUSTMENTS AT
THROUGHOUT THE YEAR THEY CUT
HEADCOUNT THEY RESTRUCTURE AND
THEY
CUT COSTS AFTER THE LONG TERM
AND THAT HAS BENEFITED
CORPORATE AMERICA. WHAT CAN YOU
TELL US ABOUT THAT.
>> LOOK YOU KNOW OBVIOUSLY
THERE'S A SUBSET OF OUR OF OUR
ECONOMY THAT'S HURTING VERY
BADLY AND THAT'S WHY THE
STIMULUS REALLY NEEDS TO BE
TARGETED THERE'S A WHOLE
THERE'S A WHOLE REALM OF
WORKERS OUT THERE THAT WORK IN
CLOSE PROXIMITY BUSINESSES
WHETHER IT'S RETAIL WHETHER
IS TRANSPORTATION.
RESTAURANTS ON FORTUNATE I WORK
IN AN INDUSTRY THAT CAN USE
MODERN DAY TECHNOLOGY STREAMING
SERVICES, WE'RE USING SOME OF
THAT RIGHT NOW AS WE DO
THIS INTERVIEW. I CAN BENEFIT
FROM THAT SO MAYBE MY INDUSTRY
DOESN'T GET HIT WITH SOMEBODY
ELSE'S DOWN THE STREET GETS HIT
VERY BADLY. WE NEED TO GET THE
MONEY IN THOSE HANDS
VERY QUICKLY.
>> OK AND WE DO SEE THAT THIS
REDDIT-FUELED RALLY OF SOME OF
THESE CANDIDATES TAX THAT TOOK
THEM HIGHER YESTERDAY IS
STARTING TO FADE A
LITTLE BIT CRONOS GROUP OR I
CANOPY GROWTH ALL DOWN CLOSE TO
DOUBLE DIGITS AT CRONOS GROUP
OUTPERFORMING DOWN JUST 7% BUT
THE OTHERS DOWN AT LEAST I 10%
THIS I READ IT YOU'LL NEED THAT
WE SEE DUKE IT'S GOOD FOR THE
STOCK MARKET.
>> I DON'T THINK OF THE RAMPANT
SPECULATION, ULTIMATELY USUALLY
DOESN'T WORK OUT
WE'RE CROWD WELL, ESPECIALLY
WHEN YOU'RE DRIVING UP
COMPANIES MAYBE NOT SO MUCH ON
THE POT, THE MARIJUANA STOCKS.
BUT WE START DRIVING UP STOCKS
LIKE GAMESTOP THAT
HAVE LITTLE ECONOMIC FUTURE AND
THIS JUST BECOMES A PLACE CARD
FOR INVESTOR SENTIMENT OR YOU
TRY TO ATTACK AN INDUSTRY SAY
IN THE
SHORT COMMUNITY
CAN ACTUALLY PROVIDE A SERVICE
THAT'S THE CHOICE THEY GO OUT
AND FIND THE BIG COMPANIES WAS
IN THE SEC THAT FOUND A COMPANY
LIKE AND ONE
OR WORLDCOM OR FINES. THE
COMPANY WITH A WITH A WITH A
DRUG THAT COULD ACTUALLY KILL
YOU IS TO SHORTEN THE ANALYSTS
THAT DO THE HARD WORK TO THAT
SO FOR
TACT THAT IS DOESN'T DOESN'T
MAKE ECONOMIC SENSE IN THE LONG
RUN, BUT OBVIOUSLY A VERY
POWERFUL PLATFORM AND WE'RE
SEEING IT PLAY OUT IN THE
RETAIL SPACE RIGHT NOW.
>> WE SAW SOME REALLY GREAT
IMAGES JUST A FEW MINUTES AGO,
DAVID FRUM WHITNEY WOLFE HERD A
RINGING IS CELEBRATING THE
OPENING BELL NATION FOR
BUMBLE'S IPO WITH HER YOUNG
CHILD THEY'RE GOOD TO SEE A
MERGING OF WORK AND FAMILY AT
THE
BUBBLE, REAL WE'VE SEEN A LOT
OF STRONG DEMAND HERE AT THE
GATE THAT'S A LIVE LOOK AT THE
NASDAQ IN TIMES SQUARE AS
MOBILE IS SET TO OPEN IN ITS
FIRST DAY OF TRADE AFTER
PRICING ITS IPO LAST NIGHT
ABOVE AN UPWARDLY REVISED RANGE
AND OF
COURSE OFFERING MORE SHARES
THAN EXPECTED WHEN IT'S ALL
SAID AND ARE YOU OPTIMISTIC ON
THIS BUBBLE OFFERING.
>> I THINK IT'S GOING TO BE
PRETTY HIGH STOCK I CAN'T TELL
YOU WHERE THE DEMAND IS GOING
TO BE BECAUSE THE PRICE
OFFERING AS YOU JUST SAID IS
JUST CONTINUALLY MOVED HIGHER.
IT WAS A FEW WEEKS AGO, THIS
WAS 30 MILLION SHARES AND 35 ME
ISSUES NOW IT'S 45 MILLION
SHARES AND WE'RE NOW UP FROM 30
TO THE NORTH OF 40 SO NOW
YOU'RE IMPLYING A VALUATION
CERTAINLY NORTH THE 7 BILLION.
AND WHEN HE WILL HER SHE'S NO
STRANGER. THIS INDUSTRY SAYS
PIONEER SHE CAME FROM TENDER
THERE WAS A LAWSUIT INVOLVED
AND NOW SHE'S COMING BACK TO
THE MARKETPLACE TO TAKE ON THE
ELEPHANT IN THE STOCK ON SO
I THINK IT'S A PRETTY EXCITING
DAY FOR HER AND IT'S PRETTY
EXCITING DAY FOR HER COMPANY.
>> WE'VE GOT TO TALK OVER
LAUGHS AT VERY QUICKLY HERE
LIFT SOARING AFTER ITS EARNINGS
REPORT EXPECTS TO BE PROFITABLE
BY THE 2ND HALF OF
THIS YEAR. BUT WE'RE NOT SO HOT
OF
COURSE UBER IT'S HOLDING
UPDATED ABOUT THE RIDES
BUSINESS DOES CONTINUE TO BE
UNDER PRESSURE THAT STOCK DOWN
ONE 0.7. HER SAID WHAT'S YOUR
REACTION TO THE RESULTS.
>> I BURR HAD A GREAT QUARTER
AND LOOK THEY'RE COMING ON THE
HEELS OF A PANDEMIC HERE
DOESN'T REALLY MATTER WHETHER
YOUR COMPANY DID WELL IN THE
4TH QUARTER OF THE PANDEMIC
HERE I THINK WHAT MAN IS A LOT
MORE IS WHAT IS THE BUSINESS
MODEL LOOK LIKE ON THE OTHER
SIDE OF THAT
VACCINE. ROLLOUT FOR OVER WITH
THEIR BUSINESS LINEUP, WHETHER
IT'S WHETHER IT'S RIDE SHARE
EACH FREIGHT. ALL OF THAT MAKES
A LOT OF SENSE AND THAT'S WHY
IT SETS UP A MUCH LARGER MORE
GLOBAL COMPANY. AND I THINK
LOOK AT THE PRICE PERFORMANCE
AND SAY COME PUBLIC UBER HAS
ACTUALLY BEEN THE BETTER NAME
IS ACTUALLY OUTPACED THE S AND
P 500 DESPITE THE BIG FALL LAST
YEAR LIVE HAS A SPACE.
IT'S MORE LOCALIZED I THINK THE
BIGGER CHALLENGE FOR ALL OF
THESE COMPANIES IS WHAT IS THE
REGULATORY ENVIRONMENT LOOK
LIKE IN THE FUTURE WILL THEY BE
FORCED TO TAKE EVERYBODY IN AS
AN EMPLOYEE BECAUSE IT HAS
ENORMOUS IMPLICATIONS ALSO
TAKES IT FROM BEING VALUED AS A
AS A WHAT I WOULD SAY A
SOFTWARE COMPANY IN
A