Rough Start For Stocks, UK COVID-19 Effect, And Treasury Secretary Mnuchin On Pandemic Relief Deal

Carl Quintanilla, Jim Cramer and David Faber discussed a rough morning for stocks: Markets reacting to news of a new strain of the coronavirus resulting in lockdowns throughout the UK, as well as travel restrictions to and from that country. Travel-related stocks taking a hit on those developments, which overshadowed two major stories: Capitol Hill lawmakers reaching an agreement on the $900-billion coronavirus relief package, plus deliveries of Moderna's COVID-19 vaccine underway in the U.S. after the FDA authorized it for emergency use. Treasury Secretary Steven Mnuchin joined the program to discuss the new stimulus deal and how passage of aid legislation would help people and businesses recover from the pandemic. Also in focus: Tesla's first trading day since joining the S&P 500 and why bank stocks are rallying despite the market pullback.