Top market watchers on how to model the risk of a new coronavirus strain in Europe

Oppenheimer's John Stoltzfus and Stifel's Lindsey Piegza discuss how a new fast-spreading strain of the coronavirus in the UK could potentially affect the reopening forecasts for both the U.S. and global economy. For access to live and exclusive video from CNBC subscribe to CNBC PRO: https://cnb.cx/2NGeIvi

The Dow was tracking for a sharp decline at Monday’s open as airlines, cruise lines and hotel stocks were getting slammed on concerns about a highly contagious new strain of coronavirus in the U.K., which triggered more severe lockdowns and travel restrictions across Europe. While the Dow, S&P 500 and Nasdaq dropped Friday from record highs, they all turned in gains for the week. (CNBC)

Enthusiasm over Sunday’s long-awaited new stimulus deal on Capitol Hill and the start of shipments of Moderna’s (MRNA) vaccine were not enough to turn the tide on Wall Street early Monday. Even shares of red hot Tesla (TSLA) dropped 4% ahead of the electric auto maker officially joining the S&P 500 at Monday’s open. Bitcoin wasn’t able to hold on to gains after topping $24,000 for the first time ever overnight. (CNBC)

One bright spot was Nike (NKE). The company reported quarterly profit of 78 cents per share, 16 cents a share above estimates. Revenue beat estimates as well. The athletic apparel and footwear maker late Friday also raised its full-year sales forecast, saying the pandemic continues to drive demand for outdoor sportswear. Nike, one of the 30 Dow stocks, gained more than 5% in the premarket.

As the U.K. government holds a crisis meeting Monday to talk about the fallout from international travel bans, experts said it appears the existing vaccines will be effective in fighting off infection from new strains of the coronavirus. “Dr. Vivek Murthy, selected by President-elect Joe Biden to be surgeon general, made similar comments Sunday on NBC’s “Meet the Press.”

Lawmakers plan to vote Monday on a combined $900 billion compromise Covid-19 relief package and a $1.4 trillion plan to fund the government through September. The coronavirus aid deal, which saw fits and starts for months in Washington, includes a $300 per week federal boost to state unemployment benefits and, a $600 direct payment to most Americans. (AP)

* Airlines would get $15 billion in federal aid, must call back furloughed workers (CNBC)

Moderna this weekend began distributing its Covid vaccine, the second approved for emergency use by the FDA, with trucks going to more than 3,700 locations across the U.S. The rollout of the vaccine from Pfizer and BioNTech, the one first cleared in the U.S., began last week as health-care workers and residents and staff at nursing homes started to get the initial shots. (CNBC)

* Vaccine shortfalls for U.S. states stemmed from confusion over FDA requirements (CNBC)

The CDC’s Advisory Committee on Immunization Practices on Sunday recommended that 30 million frontline workers — including first responders, teachers, postal workers and grocery store workers — get next priority. In all, that move would make 51 million people eligible to get inoculated in the next round, though the timetable was unclear. (Reuters)

* Apple temporarily closes California stores as coronavirus cases mount (CNBC)
* Zoom confident it can meet Covid-fueled Christmas Day demand (CNBC)
* Amazon closes New Jersey warehouse after workers test positive for coronavirus (CNBC)

Biden plans to get his first dose of coronavirus vaccine on live television Monday. Vice President Mike Pence, House Speaker Nancy Pelosi, D-Calif., Senate Majority Leader Mitch McConnell, R-Ky., and other lawmakers were given shots Friday. Vice President-elect Kamala Harris is expected to receive her first shot next week. It’s not clear when outgoing President Donald Trump, who recovered from Covid-19 this fall, would be vaccinated. (AP)

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