good day, everyone and welcome to "power lunch" . alongside kelly evans. i'm tyler mathisen. the market started the week with some gain following seven straight weeks up from the major averages. we talk with one market watcher about the big thing to watch for in 2024. and we are watching oil prices closely today. up 3% as tensions heat up in the red sea. bp will stop sending its tankers there. more on the fallout from that coming up. u.s. steel is being sold to a japanese steelmaker for nearly $15 billion. he was still at its highest level since 2011. the stock had been at the dow industrials for 90 years now being sold.

but let's also check out shares of vf corp. is the closing company between the anza north they say they've been hacked and will have a material impact. they are as a result unable to fulfill orders. shares are down 7%. we will have more on thi latest cyberattack. let's start with the markets. my next guest says the econo will face a tug-of-war between a goldilocks scenario d an impending financial reckoning. now is the time to buy stocks that can address societal challenges. joining us is the chf investment officer at northsr asset management, the firms listed among t cc test top 100 financl adviry firmof 2023. weome. od to have you with us. >> thank you >>hat do y mean by a imnding fincial reckoning? th doesn't sound so good and implicitn e idea is is me to buy stoc a is a goldilocks scenario the idea that maybe market participants are being a little naove about

investing conditions. >> since 2020 we've continued to see elevated uncertainty in the market. we think we are in the age of a poly crisis. >> a poly crisis? what does that mean? >> that means there are a number of secular forces, monetary, economic, environmental, social -- all of these factorare coming together in ways that are often complicad and we cannot anticipate them ahead of time. so these forces come together and create unexpected shocks and volatility in the market pick it may seem far-fetched, years, we've had a global ee pandemic, geopolical crises, monetary cycle that's shifted from 40 years of easing to normalization. so we dot really know where e next natural disasr is >> y he climate concernsthis

and a lack of cial cohesion, if i might use that term. i don't know if that figures in there. the political divide in many countries. lots of stresseshere. and you think that is part of the reckoninthat is going to come in 2024 and yond, but does that mean trouble for the markets ahead necessarily or just more volatility? >> i think morvolatility e tug--war continues on. 2023, a constant tug-of-war between what is the fed next move and is it going to lead to a recession or is it not? we see that continuing on but the medium turn, the point is we have all these forces that keep coming together and we don't know how, really come all this plays out. just today the news around the red sea and how that will impact the supply chains. elevated uncertainty? >> you have some picks tt make me think of my cal municipality on a day likehis . you have thy lawn and badger

meter. u have -- tells why these companies and was the strategy behind looking here for 2024 for your clients? >> definitely not your household names not the most exciting and part of the market but these stocks play a vital role in our water infrastructure and are critical. they provide product products and solutions apart to make clean water. access to safe and epa estimates over the next 20 years the u.s. needs a maj water upgrade cycle and there's going to be somewhere between $600 million and $660 billion and up a structure strand. these companies play ia report of the value chain. when we talk about zylem, that's pumps and valves is through wastewater treatment and by municipalities. and then you get in to meters

which is a small-cap compa, less than $5 billion but they make water meters used by utilities. and as a major upgrade cycle moving from your old, and economical meters someone is to come and check and take the reading to smart meters where you real-time monitor and understand what at looks like and it's an interesting day to talk about that when wre having record rain and flood. and all the y to veralto which is the latest involved monitoring quality of water? >>ou menti what has been going ithred sea and e firing on merchant shi, not a silly oil tankers but merchant ships and contair ships and otrs. do you perceive that to be an ongoing thre to commerce and something the markets really need to pay attention to or is it all factored into what oil prices are? >> it's not just any one incidents. yes the incints today. it's about the red sea. maybe it something else.

maybe other natural disasters weeed to contend with. it's about the fragility of the supply chains and being very focused on what we own. we are getting exposed to companies that over the long term are playing a vital part in solving the societal challenges pks beam in at the ships need to go around a longer rte, if that something means crew costs ands, which transportation costs go up and so on and so forth. at's pt of the rkier. >> correct. beyd the disruption of supplies. it is for being with us. appreciate it? >> and speaking instability, let's talk about the price of oil climbing today after bp said it will not send tankers stevens has been following this and joins us now with the last. >> bp joining fellow energy shippers opting not to send

vessels through the red seas groucontins tottack connting the suez canal at the north to the straight down south and it's a key trade route for oil whicis why we see prices rise today about 12% of global seaborne traded crude past the region including the pipeline during the first half of this year according to the energynformation administration. 9.2 million barrels per day is about 9% of daily global demand. additionally, 8% of worldwide lng r4 .1 billion cubic feet per day pass through the waterway. the suez canal authority said since november 19, 55 ips have rerouted the other cape of good hope while more than 2000 have passed through the canal. energy trade flows have shifted since russia's invasion of ukraine the canal has taken on greater importance. crude

traveling north through the suez canal is up 60% relate to 2020 as europe imports more oil from the middle east. in the meantime russia's south bound oil traffic is up 30% relative to 2020 as it sends more crude to india and china. for more on the shipping destructions in the red sea, catch the merits ceo tomorrow at 11: on cnbc's money movers. >> where would you say this goes from here iterms of escalations now that were seei major -this is put more diplomatic pressure on the white house to try to come to some sort of solution here? >> i think we will see some sort of response from the white house and definitely some statements. i think at the moment it's not having that much of an impact on crude marketswhich is why we did not see a larger jump today bui think this is another example of ways that trade flows have been altered. if you think about what is

gog on whether it be venezuela and guyana are the buildup of the pama canal as they work through record drought and low water levels there, it'another thing that can impact global energy rkets and next year is an election year and as inflation has started to ease, i jump in oil could start to reverse that narrative. >> thank you very much. onow the situation in the red sea is impacting energy, let's bring in the managing director of rearch at clearview energy partners welcome. talk us through how seriouthe situation you think this is? >> you can say the market response. it was odd because a week ago at her first energy on this it did not seem to be pricing at all. one after another we see operators deciding it will take longer routes took longer routes introduces latency but es not necessarily mean crew does not get to market. on the other hand if you introduce enough latency you wanted to questions of choke points in the suez canal. the northbound traffic. further congestion. and it raises the

broader qution of whether or not the market is thinking about geopolitical risk properly at this point. we've seen oil supply and worry about demand weakness. maybe sleeping through supply risk. >> cou the united states with its carrier strike forces deployed in that part of the world take out the launch points of these houthis rebels sending missiles or drones to attack the ships? could they do this and who would favor that would be opposed to that? >> not only could they do that but centcom posted a picture of an f-18 e super hornet fighter landing the uss eisenhower adjacent to those very targets. doing that would solve t problem in the short term potentially, but create other problemshat could be riskier from oil price perspective and otrwise. the kingdom is working on detente's with the houthis to could potentially disrupt that

fragile peace. and it would be a message that iran may decide to open up the oprtunity for other attacks and other regional transportation targets picks be and other wds are ron is backing the houthis and they would view an attack against them as against their vital inrests? >> iran has kept their distance, and probably intuitively we all know that every official in the administration who was spoken on this usually mentions them as the iran-backed houthis but on the other hand have not directly engaged. they may not directly engage with their proxies they can deploy in other ways . we are now at a point where it's transportation at risk, but not production. there are detente's between yadh and tehran, a chinese broker detente. it may be fragile and sting that detente is something the to seek.probably would not want >> and that was hard one because the saudi's and iran

have collided over the houthis in the past . >> absolutely. >> the transmitters and were only targeting israeli ships moving through the red sea, but what should basically big corporations do even if that is the case and if they are allowed to continue those kinds of attacks? how much does that affect not just the oil markets but glol karma as? >>, ure you can take the interpretation thabecause they said they're only going after israeli ships that it's only is really ship the first of all they have said that the they said much like our u.s. financial sanctions trying to essentially makeoxic anyone who does business with israel. but if they're working from all databases, then that there will be a problem because ships tt are no longer the israeli nexus could be targeted. but iteems like it may be broadening and may be trade at

large. from a risk management perspective it's hard to see. until there is a task force stood up or some mechasm that regulates the risk more shooting down a drones it can hit, i think a lot of companie will take steps to be prudent. >> one of the ships hiwas a norwegian-owned vessel that was apparently carrying fuel stocks fofuel to italy. had nothing to do with israel. >> yeah. this is one of those wrong place, wrongime kind of things. many operators and ship managers don't want to bin the wrong place? >> kevin, thank you. kevin book. appreciate your time today. >> thank you for having me. coming up. southwest hit with a huge fine ever last year's travel disaster. will this set predt for airlines and avoid delays in the future? apple user a patent case regarding the apple watch. what that means for the company coming up on "power lunch" .

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i love that i can give back to one of our customers. i hope you enjoy these amazing gifts. oh my goodness. oh, you guys. i know you like wrestling, so we got you some vip tickets. you have made an impact. so have you. for you guys to be out here doing something like this, it restores a lot of faith in humanity.

welcome back. several transportation-related stories on our vado so let's bring in the auto and airline industry report of phil lebeau for a power rundown. welcome. southwest hit with a huge fine for the chaos that occurred last year between christmas and new year. thousands of flights canceled or delayed. tell us about the size of the fine and the other financial consequences for southwest. >> it's substantial. what you're looking at here and basically what the d.o.t. announced this morning. $140 million fine that it levied against southwest $35 million of that will go to the treasury department pick the remainder will go in various pots as part of paying out the fine. when youook at this in the southwest perspective, it's about the 2022 holiday mountain. when the meltdown took place there was a number, 2 million people stranded. 60,000 flhts

were canceled. by the way, the $90 million delay in the voucher fund is the key part of this civil penalty announced today. here's the transportation secretary talking with us this morning on squawk box. >> southwest is going to be leading the industry, if only because they been ordered to. and weent to see how the industry and the market respond to that. as important as that cash fine was, we do not want the majority this to be in the form of dollars going to the treasury. we wt most of this to be dollars going back to customers and that's what the $90 million is about. spin altogether southwest taking an imct of $1.1 billion for that meltdown last year. take a look at the shares and what they've done. remember last we we were with bob jordan the ceouthwest airlines in new york and he said we've made a number of changes. we embrace the fact that we dropped the ball a year ago and we have corrected the problems that were exposed duri that

meltdown and he vows it will never happen again. >> remind me. what was the origin of the snafus that took placewas a computer? >> it was weather. while it hit all airlines hard couple of days after christmas, all the airlines, except southwest, were able to rather quickly get back on schedule. southwest was unable to do that. and it had a cascading effect. part of it is because of the way the airline is set up with the point-to-point schedule but the other part is they had not made the investments, the i.t. investments, in order to do scheduling and get the airline back in shape as quickly as it should have. those are all the investments the airline has made since the meltdown. >> planes and peoples in the right places, basically. >> any big impact from this storm? i guess it was a couple days ahead of the real heavy travel season. >> i know what talk to a number

of pple in the newsroom. it's a mess out there and a feel for you guys and what you're going through. if there's good news with the storm is the fact, and as we look at a shot at philadelphia's airport, it's rain primarily, although there are some markets in the northeast that are also getting snow. rain, the airlines and t airports can deal with relatively easily. it moves things, things move a little slower but th can handle it. only 590 flights canceled today. not fun for people on those flights, but relative to when we see a big storm hit the northeast, this is not huge. and if this is the worst of what we see over the next week and a half, we should have a fairly smooth holiday travel season. but you know how things can change with the weather. >> that's absolutely true. 60 degrees when i got up this morning. at least it was not icy conditions which would have compounded the problem. last topic is trevor milton, the ceo of nikola motor sentenced in today and convicted on fraud charges for misleading investors. the stock

it was a high flyer several years ago now trading for less than a buck. what was the sentence he got? think the ntence came down and the last hour and the judge gave h four years in prison, a $1 million fine and he wl have to forfeit property. the property has to forfeit, i'm not sure at thisoint. we have not heard the final details from the courtroom. trevor milton was a little teary eyed in court when he was talking to the judge. he said, look, i did not intend to harm anyone. the judge that i don't doubt your insincerity but harm is home. what you said was wrong. what you said was t truthful and as a result, people were harmed in some fashi. and as a result, he will be

spending the next four years in prison, at lst that's the sentence from the judge. keep in money also owes kola one of the $65 million. that was handed down in arbitration a couple months ago asked him if this was for securities fraud and wire fraud? >> correct. two counts of wire fraud and one count of security for . this was all over cnbc a all the financial press back in 2020. they said they would have an electric pickup truck. the plans were not what they said they were going to be. they said they had hydrogen- powered se that was drivable. the video shows it was coming down the hill. it was not drivable. those kinds of things. that what is that the very beginning of what ultimately led to him leaving the company and then being charged for securities fraud, as well as wire fraud. >> their stock is basically a zero. is there basic -- business basically a zero? >> not completely zero. theye had some manufacturing issues pick the pickup truck is gone. that is dead in the wateand has been for some time. they are working on a hydrogen fuel-cell-powered semi truck d they started to get some

manufacturing issues last year. they're trying to get that rectified right now. d that's the challenge they are facing. the stock now is trading for under one dollar. clrly investors are not optimisticbout their prospects here for nikola. >> thank you. coming up. stwatch? apple halting sales of its apple halting sales of its smart watches as it tradpreparesch to is now comply with the controversial u.s. import ban. we will get you the key details when "power lunch" returns. bring your trades into focus on thinkorswim desktop with robust charting and analysis tools, including over 400 technical studies. tailor the platforms to your unique needs with nearly endless customization. and track market trends with up-to-the-minute news and insights. trade brilliantly with schwab. in the u.s. we see millions of cyber threats each year.

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> welcome back to "power lunch". apple loses a patentee's and has to stop selling certain models of the apple watch as a result. steve kovach is joining us to explain. this come out of left field? >> this is been kicking through the process but it is unprecedented and apple is halting sales of its two newest watches after losing a patent dispute with the help tech company. apple stop selling the series 9 and ultra 2 watches to get united states customers online this thursday and in stores on christmas e. it likely will impact the holidaquarter sales too much.

in october the international ade commission placed import ban on apple watches that have a blood oxygen sensor but the itc said it violates patents which made a smart watch with similar features. biden administration has until christmas dato reverse the itc decision. if it doesn't, apple said it wi appeal the ruling and work on technical changes to get devices to work around patent issues, but it won't sell the affected watch models in the u.s. during th time. apples wearables business is a growing segment and includes pructs like the apple watch, air pods and early next ye the vision pro headset the segment includes wearables brought in over $13 billion in the hoday quarter alone last thiss not a small business for them but not as important the iphone. >> if apple is forced to or

chooses to fixhese watches, how does that happen? is it as simple as a software download to the watch? >> it's unclear right now they say they are still making them. keep in mind this is only the united states and it's an important band because the watchers areade overseas and brought back in. if you're outside the u.s. you can ill buit but it's unear. is it a software update? they have tohange in the hardware to work with this patent? to pause the sale while they ma new watches that don't have this feature in it. >> correct. anthat may comply with the u.s. maybe there's apecific u.s. version. we just don't know and apple tells me they will go through the core process and the regular appeals process assuming the biden administration does not change its mind by christmas. >> this is bad timing for them. people are literally making these decisions so it's all about the blood oxygen sensor? >> these are the newer watches. you can still buy the apple

watch sd which is a cheaper and stripped-down version of the apple watch but the latest and greatest models, the ones that were just announced in september and started going on sale, those will not be sold. you were talking about -- apple is trying to return to topline revenue growth again. apple watches accused accessory. only a quarter of iphone owners have an apple watch so they see a huge runway in front of the toet more people to buy apple watches and this hurt their ability to do that. you can buy the cheaper one with not as many features but if you want the latest and greatest including the ultra 2, do it before christmas eve in stores and then beyond that, it's anyone's guess. >> this is a big misstep? >> they have been fighting this and they would say the messaging has been masimo has her own smart watch and it looks similar to our smart watch but they did not file these patent disputes until after th did their own smart watch in order to juice up their own sales because their allegaons. by the way the ceo, masimo ceo will be on closing bell

overtime with hn a morga later. morerom hidef thisting to see theme ape is also suing you look at the masim watch,t los ve similar rks square . the buttons on the side and so rth. claiming we copied them. weust leased sma wch at loo like ours. it's pretty hairy. and by the way, new apple watches will come nextear. is the 10th anniversary of the ple watch pick repts are they will chant something bigger and add more features. blood oxygen is one of them. that's a mainstay that's been around for the last few years. >> thank you. let's go over to leslie picker for a cnbc news update. >> hello. usn finland sign a defense agreement in d.c. in a move expected to raise tensions between finland and neighboring russia. this gives the u.s. military access to 15 facilities and areas in the country and will allow washington to stop military equipment and ammunition there. a legal battle over who

should pay for protest surrounding the dakota excess oil pipeli is heading to trial. north dakota's trying to get the federal gornment to put the $38 million bill that stem from the demonstratis. a judge denied the government motion to dismiss the case putting thtrial on track to begin in february. good news for travelers. processing times for passport applications are back to pre pandemic levels. routine applications are taking about 6 to 8 weeks while expedited service is around 2 or 3 weeks during the pandemic wait times went as high as 13 weeks as the state department dealt with staffing issues. i got some passports for my kids and they came way faster than we expected. >> i had to renew mine earlier this year and it came quicker than i was expecting. good peer glad to hear it. thank you. still ahead. retail hack attack. shares of north face and vans

maker vf corp. llg teexsifainafr pong a cyber attack. we will get a live report when power lunch returns. fresh, warm hot dogs! when i'm not selling hot dogs, i invest in a fund that advances innovations like robotics. fresh, warm hot dogs, straight out of my torso! one for you, one for you. oh, you're a messy one. cool, right? so cool. anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. hot dogs! fresh, warm hot dogs! before investing carefully read and consider fund investment objectives, risks, charges, expenses

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i'm a little anxious, i'm a little excited. i'm gonna be emotional, she's gonna be emotional, but it's gonna be so worth it. i love that i can give back to one of our customers. i hope you enjoy these amazing gifts. oh my goodness. oh, you guys. i know you like wrestling, so we got you some vip tickets. you have made an impact. so have you. for you guys to be out here doing something like this, it restores a lot of faith in humanity.

welcome back to "power lunch". shares of vf corp. falling after the company disclosed a cyber attack that is crippled its operations . >> the company says it first detected on the authorized tivity on its systems december 13 and it's been taking steps to contain th breach since then. vf corporation, the parent company of bands, north fa and timberlinehomas that a threat actor has encrypted some i.t. systems and stol data from the company, including personal data. the company also says it's working to bring its systems back online now and that its retail stores globally are open and consumers and cuomers can make purchasesbut the company

is experiencing what it calls certain operational disruptions. while customers are able to place online orders, the company ability to fulfill those e-commerce orders, they say, is limited. the company said is engaged outside cybersecurity help and has notified and is cooperating with federal law enforcement. as it happens i'm at today is the first day of new disclosure rolls around cybersecurity at the s.e.c. and rules we told you about on friday. experts tell me they think we will see more of this type of filing from companies facing a lower threshold for disclosure and pressure to make incidents like this public in a matt of just a few days. we will see whether we see mor of these rolling out. >> you mentioned earlier that in this particular case, personal information may have been compromised. is that personal information of customers or personal information of employees at vf corp., or what? >> it's presumably personal information of customers but i

don't believe in the disclosure they specified whose personal information it is. i guess it's possible that is employee personal information. all we have to go on here is the disclosure filing by the corporation. i emailed them asking follow-up questions and they said we are standing on her statement. what we have to go by is what we have to go by. what a tough time for e- commerce retailer to be hit with a cyber attack that garble is its ability to fulfill orders just before the christmas holiday. you can imagine from the cyber attack or point of view, that's exactly why they want to do it right now. >> you said this goes to their ability not to just take orders or process payment but to fulfill them. in other words, i guess there is a transmission point where you take the order and it goes to the fulfillment center and the package it and send it on its way. any idea as to who may have motive to do this and who the malefactors may be here? >> we don't know. the company is not disclosing that. they're not even disclosing necessarily this is a ransomware attack, although it smells like one to me. this is the kind of thing you

would do. locking up i.t. systems and jamming up the ability to fulfill orders the week before christmas, and then demanding a large payment to undo that. the company is silent on that piece of this. we don't know if a random has been demanded and we don't know what the company intends to pay one or not. but you can imagine the sense of urgency they feel inside the company to get things moving again. in a moment, and a week where time is money and every minute they are unable to fulfill orders, they are presumably paying some cost for that. the question is if you're sitting this week, do you pay a ransom if it's demanded? how much are you willing to pay? and how do you calculate all that as you are working through with your cybersecurity experts and presumably the fbi and the other room helping you solve this crime? will you send more money to these criminals in order to get your systems back online? it's a tough conversation for anybody. >>if someone, if there was

theft, law enforcement wou be involved so that is your expectation they would be to help these companies with a cyber attack. since you follow this more closely, it feels like between clorox and vf corp. this more high-profile incidents in the past six months. is that my sensor have things picked up? >> i think things are picking up generally, a lot of folks told us they saw a slowdown nearly two years ago now right after the russian invasion of ukraine because there were a lot of russian cybercriminals a lot of ukrainian cybercriminals were sidetracked by that. but a lot of that activity has picked up. either relocated or gotten underway again. and we seem to be back to a quicker pace of cyberattacks. the great thing from a reporter perspective about these new s.e.c. disclosure rules as we contract is in real-time and see these disclosures. we have to put these out within four days of an attack. we will see these disclosure in real-time and establish data sets to figure out how often public companies are getting hit, and maybe make an estimate about how much they are paying in ransoms.

>> thank you for following this. we appreciate it and we hope there aren't any more incidents like this do come. walmart helps shoppers battle inflation by offering cheaper groceries and that wants to do the same with diamonds with one important catch. we will explain the latest bright idea after a break.

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welcome back. the markets have had a great fourth quarter. the lead to the holidays has not been so great for walmart. the stock is down more than 3% since october 1 making a 28th out of the dow 30 components over that span. a lot of that on worries about how walmart will handle looming economic downturn if something like that happens. here is a look at perhaps an unexpected place walmart is going in the name of diversification and its jewelry and its diamonds. i had no idea walmart sold diamonds. these are certain kind of diamonds.

>> is a lab groaned diamonds and it's a trend that is cut across a lot of jewelers but as you mentioned it surprising to hear walmart leaning into this category. the reason why his lab groaned diamonds have put diamonds within its price point so it sold clusters of natural diamonds in the past to make it look like a bigger diamond but now it's able to carry its largest diamond which is a 1.5 carat diamond engagement ring. this is pete time of year for buying grocery -- jewelry and engagement rings and is a me whewomaisrying capitalize on that value minded consumer and translate into other categories. >> how much less does a lab- tran34 diamondost then he naturally mind one? >> in the case of that 1.5 carat diamond at walmart, it's about $700. the retail priceand if you

had a naral diamond, that would be about $6000. you can see how dramatic of a difference it is. >> we talk about the trend of lab-tran34 diamonds and is going mainstam. how important is this catery for walmart? eveone jus on this trend, will the be a first movie or make it advantageous to bring people in this time of year >> lester they experimented with this and rolled it up because they saw the popularity with these diamonds. some rural and suburban areas they see a lack of competition would jewelers and so they can capitalize on uttered are struggling malls that sell engagement rings when they talk about how shoppers are looking for different things. some of if it's a real, mo of a ot care traditional or natural diamond. they may want a bigger dmond at resembles what a celebrity has and that means a bigge this not just something for the

holidays but really beyond as they lean into other categories and general merchandise! have you ever seen one of these and compared with the real thing? could i tell the difference with my own, untrained eye? >> you cannot. to the naked eye it looks the same. and that cuts across the board. is not unique to walmart. if you go to pandora or brilliant earth, this is a pattern a lot of jewelers are the offer both. at budget are you on and how important is it to get a bigge stone. ? maybe you pick one over the other picks from anything else we should be watching for to come for walmart as it navigates this tricky retail.? >> into next year one thing we've heard from the ceo is as the biggest grocery, that will put pressure on them to sellore units. that means selling more units

of not just diamonds but clothing and other items because if the price of eggs and milk continued to go down as they are seeing, that will make their top line look weaker. that will cae them to look towardrowth itiatis like th. >> tha you. > stilto ce. reing hier picres th morehan 00% --id i sand that right? 1000% on the year. there more room to run or i time to take the exit to profits? we ask our trader next ( ♪ ♪ ) ( ♪ ♪ ) ♪ (when the day that) ♪ ♪ (lies ahead of me) ♪ ♪ ( seems impossible to face) ♪ ♪ (a lovely day) ♪ ♪ (lovely day) ♪ ♪ (lovely day) ♪ ♪ (lovely day) ♪ a bank that knows your business grows your business. bmo.

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lunch. here with our trades is ryan villager, founder and managing principal apps clara wet visors docusign is down 3% todaafte -- the e-signature company to advisors about a potential sale what is your trade here, ryan? welcome. what's your trade with docusign? >> thanks. i like docusign. it has had a nice run this year obviously, there is some speculation of the takeovers but anytime you hear a verbal, that is a good thing we were places, we googl something. you docusign something that is powerful branding. i think they are going to tr to capitalize on that with thi potential takeover target. i think investors ar

speculating that some deal wil get done they have good growth this year i think they are looking t capitalize on that post-pandemic, it was great fo the business they are trying to figure ou if they can propel it to the next level >> the only thing i would sa about that, ryan, is i've ha people tell me i'm going t docusign something and the send me a different piece of software [laughter] here is a kleenex and they giv you a kirkland >> it happens. >> all right, let's talk about snap it might be harder t impersonate. guggenheim upgraded the social media company to - do you like that >> yeah, i'm not so sure about this one bye is wildly popular amongs the younger crowd. to me, it is an advertisin company. i would like to go up the food chain a little bit if i am the player in this space they have beaten earnings th last couple of quarters, which is nice from an investor perspective, but the stock ticket has almost doubled in the last couple of months. it has already run up quite bit. i think i might have missed th boat on this one

>> let's move on to the thir stop on our list, carvana. shares of the online used ca retailer are up nearly 5% toda and soaring by over 1000here today. jp morgan upgraded the company citing improved cost cuts an productivity what is your take on carvana have you missed the moment here? it would seem like you have. >> yeah, definitely. this is not one that has bee on our radar screening, a very niche player here in a space that is somewhat speculative this is a new business for a lot of people. most people still like to go t the lot to buy a car i think more and more people are warming up to the idea o buying their cars in a alternate place, but the stock is really performing so well it would be tough to jump in a this level as an investor, i think yo would wait and see what settle out over the next couple o months >> yeah, it is up 6% today, 5%

over three months. it had a huge gain early in th year what are your thoughts mor broadly as we wrap up this year? can 2024 be anything like as good as 2023 has been as interest rates have cooled >> i think it's possible the markets really priced into these rate cuts. it was just a couple of months ago that the market wa forecasting to cut next year they are pricing in five a yea ago. we were going to be cuttin rates at this point. what i have learned is that th market is good at predicting where interest rates are going to be. for stock investors, you really, that should not be what th forecasting tool that you ar looking at is. i think you have to look a profitability and earnings i think earnings next year could be somewhat challenged they are poised to grow by double digits. i think, you know, given where rates are and the financin

costs of a lot of companies, those deaths are still being paid off it's going to take a long time to roll that debt. i think i am watching profits little bit more closely. i was much more bearish fo this past year you know, i am hopeful for nex year, but i don't want to be the guy who picks up the las quarter before the steamroller comes through. >> all right, ryan, thank yo very much. happy new year we have ryan ballinger thank you. >> happy new year. t to, so mantimeines to stil we will power through as man as we can in closing time next as we can in closing time next all right, tandy, what's it gonna be,

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about three minutes left in th show several more stories you nee to know about, so let's get to it we are starting to learn tha rain signals might b responsible for the hear disease benefits of popula weight loss drugs like we go and omb -- mimicking the gop one hormon which monitors appetite, but the drugs also activate an ant inflammato response in the brain which leads to healt benefits beyond just losin weight >> i think this has been one o thhopes of thiclass of drugs, that there was some sor of coronary or cardiac benefit that attended to them and that therefore doctors could either prescribe them off label for people who have cardiac risk

or eventually that they may be approved and therefore recoverable buinsurance fo people >> right i ill thght a t of t benefits were dostream fro the weight loss, not realizing that it is phaps in and of itself activating >> activing an ant inflammatory responsof som sort you're not just rrying aroun less weit. >> whichs interesting. >> the two are helpful together more americans now own stock than ever before thanks to pandemic-era savings and the emergence of zero emission trading. about 58% of all u.s households o stockas o 22 accding tthe fe latest survey of consume financ that iup from 53% in 2019 an the hiest mark ith survey's history we should point out that thi doesn't necessarily mean tha people own individual stocks these can be etfs. these can be mutual funds. these can be funds that yo have in your 401k that happe to own equity. >> i also think it is a gn that the craze, the retail

trading grades of the paemic inome ys hastayed th us overall, gotta be a good thing you know if someone said this is not sign that what you get is th bottom othe market - >> no, that's correct. >> surveys are showing it coul be a bonus season for many white-collar workers a new challenger gray an christmas poll found that 34 of companies will not be givin year and bonuses that's up seven ints fro last year. that's the highest number sinc 2019 >> maybe companies are on bonu ozempic. they are trying to pare back o the size and availability. >> it wasn't just financia firms either they talked about consulting technology rules where it will not be a merry christmas >> all right, here's another one. the parent company behind th iconic pizza chain chuck e cheese is reportedly exploring a sale amid growing takeover sources telling the new york post that cbc entertainment, chuck e. cheese entertainment, is working with goldman sach on an auction process and coul attract both private equit

firms and even rival restauran chains such as dave investors. that company, i believe, has been in and out of bankruptcy. >> it has. you know, i reested this one i think you arglad you don't have to spend a lot of brain es i'vbe goingo and i kn why they're setting up for a sale. >> thanks for watching power lunch. closing bell starts right now. >> thank you so much welcome to closing bell. i'm scott walker live from pos nine here at the new york stoc exchange this make-or-break hour begins with how to play at the rall in stocks. the question is no longer abou whether stocks can continue to rise but how to maximize thi incredible move in your favor, especially if a sizabl rotation is just getting started. we will ask our experts. that question is coming in thi final stretch. in the meantime, take a look a the scorecard with 60 minute to go in regulation. stocks are having a good day trying to build on that seve straight weeks of gains. alphabet, amazon, meta are leading tech cards today th