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Apple reports, by the way, apples plan for new faster chips behind that. And you see it there call it snowflake soar since its ceo raking it in every month jim cramer says hes worth every penny, carl. Thats a lot of pennies well talk about that, guys. We mentioned, jim, all the stuff thats coming at us in the coming weeks or the coming days, rather including some investing meetings, crm, adobe, disney and starbucks. A lot of companies that are doing incredibly well and we should also be thinking not just here but worldwide i think its kind of shocking to see that other than the banks in europe...

Good monday morning welcome to squawk squawk im jon fortt with Carl Quintanilla and julia. Were in the final stretch of 2020 were focused on two big ipos, airbnb and doordash. Airbnb is bouncing back strong doordash saw demands surge both of those companies seeing encouraging demand for shares and to define the future of the gig and sharing economies. Leslie picker has the latest on the ipo process. Its important to underscore the rarety of this level of issuance in a single week. Excluding spacs, were expecting to see more than 7 billion worth of ipos this week. Since the start of 2014, only ...

Consumer in this covid economy and a ventilator boost from medtronic, but sales for other medical devices remain lower medtronics ceo will join us exclusively later this hour. Carl, jims shaking his head already. I dont know speculative market ive ever seen i was going to say, jim, i mean, what a confluence of headlines and then to layer on what you were talking about with becky, this seemingly endless generational bid for stocks in general. You know, look at these plug power did a deal last week, 38 million shares of 22. 25, norwegian did a deal of 40 million shares at 20. 80, carnival did a ...

And were awaiting comments on president elect jooe biden. And later, the biontech ceo will be here to discuss their groundbreaking results showing their vaccine with pfizer is more than 90 effective. Thanks, welcome once again to power lunch. I am john fort check out some of the tech heavyweights Apple Holding up after announcing its own line of chips for computers and names like amazon, facebook, microsoft all under pressure at this hour. And on the flip side, take a look at whats leading gains in the dow. Its walgreens up 8 , boeing up 5 for more on the divided market, lets go over to john p...

Let me go over what needs to happen before stocks can stop going down. First, we wanted a better narrative out of the Federal Reserve. Someone on twitter said why do you use the word narrative instead of story . All right. We wanted a better story out of the fed reserve. We wanted them off the nation of raising rates at a gradual pace because we are worried about inflation. You can parse the fed statement all you want. Its exactly that. They didnt rule out a march hike. Shame on them. If jobless claims spike again tomorrow want to know if the analog fed members are really ready to tighten agai...