clients do better. at fisher investments, we're clearly different. good afternoon, everybody. alongside kelly evans, i'm tyler mathison two topics which have had a major impact on business this year first is generative ai we'll talk to new jersey governor phil murphy about his plans to get the state ready to be a leader in artificial intelligence and senators warner and kennedy will join us as they introduce a bill aimed at protecting the financial markets from ai manipulation plus, retail theft is changing the way we shop as more items are locked away, is it ruining the consumer experience in store? that and a closer look at target's decision to close some stores due to crime rates. but first a check on the

markets as the dow is once again hitting new highs. you can see it there after crossing 37,000 for the first time, we're now more than halfway to 38. the s&p and nasdaq also both hitting new 52-week highs today. all right. we begin with the artificial intelligence boom. as u.s. states race to gain an edge in this new technology, new jersey is establishing a new ai hub at princeton university as part of an initiative to make new jersey a national leader in ai and it follows the state's creation of an ai task force in october to train state employees on it. joining us now, first on cnbc to talk about the ai push and much more is new jersey governor phil murphy welcome back, governor murphy. good as always to see you. >> good to be back with you, phil thanks for having me. >> delighted you could join us let's talk about the initiative with princeton in ai what is it exactly how will you and the university collaborate? and what do you hope to achieve?

>> my late mother used to say we're known by the company you keep we couldn't be keeping better company than princeton university it's a generative ai hub like you suggested it will be located on or near the princeton campus our economic development authority will put significant amount of capital to work. and the notion ground zero for generative ai is overwhelmingly in the bay area. when you ask the folks out there why are they there it's because that's where the talent is. so my fervent hope is that we can recreate a hub on the east coast. i'm quite confident that working with princeton we could do just that as you always mentioned we announced a task force and some other steps a couple of months ago. generative ai will change our society. never mind the technology in our society. it will run throughout state government, society and beyond we want to be out ahead of it. >> what makes itiatives like

this really take off from a standing still start is money. where is the money -- how much of an investnt is being made here and who is making it >> it wi be both princeton and the state of new jersey through our economic development authority. the dollar amount is yet to be determined but is is not the first hub we've done in new jersey and we typically put 20 to $25 million to work in these sorts of hubs. i would envision something in that range from our side i don't want to speak for princeton, but i would guess that they'll be in for something comparable. >> how -- let's talk a little bit about sort of the end result if all of this goes as you would hope it would. i would assume you would expect to generate jobs from this initiative, either people who work in the hub or companies that come and locate in central new jersey or elsewhere in new

jeey because that becomes a hub for generative ai. and it would address one of the things that's been kind of surprising to me as a resident of the state and that is rising unemployment in the state of new jersey how -- explain why unemployment has been going up a little bit in new jersey and how many jobs you think this hub could create ultimately. >> well, let me start with the hub and the jobs that -- i think you're, first of a, exactly right. the economic developme aspect of this coulbe significant and you're seeing companies measured we've got one compy in new jersey already in the data center hardware side of this industry just did a recent round of financing, valuing them at $8 billion. they're a relatively new startup. rry, my ear piece is giving me trouble here >> that's alright. >> that's clearly a big part of this secondly, i think it wl better inform us as it relates to regulatory and ethical issues.

and thirdly, you know, our hope is that we can deliver government services in a hyper-efficient, responsible way. i think this hub could impact all three of those i'm not terribly worried about the unemployment rate. we are a little bit above the natial average although, we're suffering what a lot of states are sufferingc, which is a mismatch. we're desperate for folks to go into, for instce, education, health care, nursing in particular but coming out of the pandemic, weere a little slower to achieve our lowest levels of unemployment, but we did -- in fact, we led the nation for a period of time i would suspect that this is a temporary lead lag we're doing an enormous amount to try to make -- to get that pipeline of educats and healthcare workers as vibrant and as full as possible. >> the only thing i wonder, vernor, apologies. i hope you can hear us okay. but the only thing i wonder is the st of living is that an

area where it's harder for new jersey to fill and attract some ofhose positions that are lower paying than obvisly the jobs in new york, manhattan or some of the high-value finance areas that obviously make the e lile bit more affordable for people. >> yeah. i would say a couple of things it's a good question first of all, our economy -- this is back a little bit to ai. we are around innovation economy. we're bio, pharma, fintech, life sciences, so we're hyperinnovative in our economy secondly, cost of living matters a lot to us. that's why i'm finishing up my sixth year we had 20 separate tax cuts for the middle class and seniors none more importantly than a huge program directed at property taxes so, making sure that the deal, if you will, in new jersey for a worker or a family is a fair that is a huge priority for us and it will continue to be >> i guess if we cou turn now a little bit to what's going on nationally we would love your thoughts on

early race that's shaping -- not iowa is a couple weeks away terms of what's going to happen on the republican side what do you make of president den's fitness for office, his i think he's the right person to be leading democrats to a another term here. >> yeah. i have no doubt about his fitness. he's 81 obviously. but he's sharp as a tack and you can see that we have known him for a long time and i have no issues at all about that i was just encouraged to see a poll that i just -- i believe just came out from "new york times" sienna that has him up two points against trump in a head to head i think it was of likely voters. i think you're going to see connecting the unemployment question with the president's popularity i really believe there's a lead lag here where the macro data is clearly getting better, inflation is coming down, it's come down without having blown

up unemployment on the one hand. if you're at a grocery store or gas station or getting a mortgage right now, you haven't felt it yet for sure but i believe it's only a matter of time. with that, i believe the president's support will solidify and this poll, i think, is maybe an early sign of that. >> but there certainly hasn't -- the administtion has not received much, if any,redit for the economy. that's number one. and this morning's "new rk times," there waa strong sense that the population does not approve of h handling of the u.s. relations with respect to israel and gaza and that he does not score well there let me ask the question just simply and directly, governor, would the democratic party be better off if joe biden were not the candidate? >> no. and i say that emphatically. he has, i believe, an extraordinarily strong record to run on this is not a question are we

speculating what kind of president he wou be. this is not a hypothetical and i think you're right especially on the point in the economy. and i think it's that lead lag factor that i referred to a minute ago i believe it's only a matter of time until he does get that credit, when that reduction interest rates and inflation hits the so-called man on the street you're seeing it, early signs for us is at the gas pump where gas prices have come down meaningfully markets are strong and they usually are a precursor to the underlying realies another good day in the market today. i real only believe it's only a matter of time, and i believe he has got an exceptional record to run on. d i'm looking forward to doing everhing i can to help him >> governor, one me -- princeton has been slightly swept up ithe drama among higher education institutions lately you're a harvard and a penn guy yourself are you satisfied with some of the changes in leadership we have seen at those institutions? or do you think more needs to be

done >> i'm not close enough to -- i'm not like i used to be when i was either going there or involved on boards but genocide does not need context. we don't need to ever equivocate about rape or sexual violence. there's no question who started this thing and that is hamas. and the are all clear as a bell facts i pray, i pray, pray, pray, pray that innocence on both sides of this war are protected as much as possible. you saw brutal, barbaric invasion on october 7 and you've seen now many, many thousands of innocent folks on both sides of this paying an enormous price. i pray for peace i pray that israel in this case humans as shields and we alles ow that, that we can do everything we can to protect the innocence on both sides of this. >> may i conclude by pulling us

back to domestic politics and new jersey politics. senator menendez is under indictment you've called for his resignation. your wife has declared her candidacy to run in a primary r his seat where do things stand there? and i don't know what question to ask because -- it's obviously coming right into your household there and it's a tough one for you to answer. but obviously you would prefer to see mr. menendez resign and i would presume you would prefer to see your wifen the sete >> yeah. you're innocent until proven guilty in america. that always must be the case but when you take into account the broader interesthere, from the moment this indictme came down, i asked for senator menendez to step down to focus on defending himself this appears also to include accusations of foreign agency.

that's just too much for the market to bear as it were. completely separately, because my wife never thought about this for a moment before that indictment came out, i'm incredibly proud of her. she declared just over a month ago. she's running like heck. she's had a great record to run on as full-time volunteer firslady over the past six years, whether it's infant mortality, climate educaon we're the only state in america that teaches, embeds climate education into k through 12, defending reproductive freedoms and right to abortion, climate more broadly in baseball terms she's a five-tool athlete. i cod not be more proud of her. she's out there trying to earn every single vote in every corner of the state. >> governor murphy, ways good to see you thank you very much. >> thank you for having me, folks. >> we appreciate it. >> wouldn't it be nice to have an ai hub here in new jersey >> think of the jobs.

coming up, we'll have more on artifial intelligence with two senators sponsoring a bipartisan deal to protect financial marks from ai manipulation we'll want the detai on that. first, if you haven't gotten all your shopping done by now, you're probably going to have to hit the stores in the next few days we'll tell you what to expect in that experience. ower lunch" will be right back

♪ welcome back to "power lunch," everybody. there are only five days left until christmas. oh my goodness which means if you haven't already ordered it online, a trip to the store may be your best option, tyler but many shoppers are h unhappy with the in-store experience courtney reagan joins us now with more. >> stores are probably going to be pretty crowded this weekend you're running out of time for online orders. they call saturday, super-saturday as it turns out expected to be the second busiest day in store for in-store shopping because of course you're out of time for christmas. it's always the last saturday.

very busy for retailers, of course, because of the timing of the calendar and that's going to be the same this year as well, according to sensor maddic. lately, in-store shopping is not always a great experience. retail employees are unlocking shoppers to get to basic items in some cases and retailers called out theft as an issue, none quantified lost sales or traffic from honest but frustrated jobbers as a sult of locking up goods. so we asked bizarre voice to conduct a national survey for us at the end of november, asking consumers about the in-store experience now compared to pre-covid. this shows majority of customers like the extra cameras, 42% feel product availability in the store has gotten worse 41% think the ease of accessing those products are worse since before the pandemic. 72% notice a lack of available societies when they need help. and while there's debate whether

theft is actually worsening in retail, 42% of consumers report having had an experience with customer theft meaning they saw it happen, i've seent happ 'sretty sttling, especially when you're with your kids >> were you in the city? >> i was. >> i feel like i'm living in a bubble >> i was the one experience i'm thinking of right away i was in the city and it was fairly brazen gentleman had a book bag, took it off, looked around briefly, put a bunch oftuff i quietly told one of the associates she said thank you but didn't do anything, as i expected. but felt like my citizen's duty to say something and he just walked out. >> you're braver than me i'm not sure i would have said anything for more, let's talk about the store experience with our next guest the impact on the consumer this holiday season. let's bring in sandra campo, cnbc contributor so, sandra, i'm with tyler i might have to be hitting the stores in person saturday for some desperate last-minute shopping and do you think that stores are

kind of putting themselves out of business here this jives perfectly with steve lie liesman's consumer survey last hour that found it's all about online it's more and more we're heading that way. >> more and more we're heading that way, but you know, loss prevention and customer experience really have gone hand in hand. there's when you talk about what the crappy experience is, there are some retailers, that's having a positive experience service and 90% of their stores are having self service options. >> i love those check-outs by the wa the rfid. can we get that in every grocery store and every place in america. >> walmart as an example bringing more stuff back to cash registers. so you're seeing a very different ty of approach right now. but we definitely have sales teams that are beingtressed. as you said, ty have to be more proactive identifying some of those potential issues and trying to mitigate losses. but you know, you mentioned some of the issues d the theft issues that you have seen in theft is 35 to 45% of the ternal

shrink, the internal accounts for 30 to 40% of iso products being locked and gated but we have also come out of a couple of years of challenging supply ain deliveries and we've had in the past year a real reduction inerms of what the inveory is in stores right now. retailers are challenged to be more profitable. so they have to get the right amount of goods in the stores and not have too much. >> are we just gng to get used to the idea over the next generation that merchandise is going to be lockedp because of theft or is there -- is the solution stricter enforcement of the law within the stores? are stores going to have to hire off duty police officers to arrest people? what's the solution here >> well, there's definitely -- that's the million dollar question, isn't it, or ten million dollars question but the reality is there do have

to be changes onoth sides. laws have to be impacting. at this point f you can walk into a store and be brazen enough to grab an entire rack and walk out of it, you have no consequences you're not worried about it. that's a lot of what's happening. on the other hand, obviously stores do have less sales staff in the stores becausthey're trying to have profitability lowering their operating expens which in turn relates to having fewer staff in the stores we have to have a balance. definitely technology will be playing some impact there. there's a company that's actually helping to be ae to re-enforce and help the salespeople wo with more customers instead of spending more time on the administrative aspects of it and helping them trto mitigate some of the losses by predicting and being able to be on top of some of that potential theft in stores but it's challenging this is not easy it's not ey for people working the stores it's not easy for management to try to determine what that solution actually is >> court, i guess -- i don't

want to pretend to speak for most people. >> no. shoppers who go to stores would something, they ought to have a consequence -- they out to be arrested they ought to get a citationor that they oug to have some you shouldn't be able to do that and ruin a business, ruin the experience of honest shoppers because they're afraid to go into a store because of theft bands of thieves and so forth. >> right i think that is probab true in a lot of cases when ever we talk about this, it does sort of turn into a political chess match for lack of a better word because different municipalities enforc is in different ways frankly the facts do bear out the higher the felony threshold is often more you will see more theft in those areas the criminals understa -- >> felony threshold is in other words it's n a felony if the value of the goods taken is not morehan $1,000. >> exactly

theyl walk out with $950 and the next day they'll do it again. so there is a piece of legislation that has been proposed but it has not gone through committee that wld -- that would try to impose a federal standard that aggrates the stolen good value to $000 over the course of any 12-month period and then that could be a felony that a local prosecutor could seek to levy so, a lot of this does unfortunately become very political and it happens -it has to do with enforcement especially when you're with your kids, it's pretty startling. none of usant have to deal with lked up -- >> what do the stores say? target, walmart, kohl's, macy's? what do they want to see done? >> almost eryone we have say they're doing what they can, but they acknowledge there's only so much they can do and they believe they alsoeed help from local law enforcement and beyond and at the same time, the local law enforcement say the same thing from t retailers a lot of cases retailers will

start to give information toaw enforcement about criminals that are sort of repeat criminals so that law enforcement can build a case they're come complicated and take a really long time. >> got to leave it there thank you very much we appreciate it. speaking of retail, target initially bles theft and violence when it closed ni stores earlier this year but a new cnbc investigation revealed the reasoning ran much deeper than that will explain when "power lunch" returns ameritrade is now part of schwab. bringing you an elevated experience, tailor-made for trader minds. go deeper with thinkorswim: our award-wining trading platforms. unlock support from the schwab trade desk, our team of passionate traders who live and breathe trading.

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♪ welcome back to "power lunch," everybody. in september, target announced it would close nine stores reason given, to prioritize worker and shopper safety. a deep dive looking at the store's target closed and one it chose to keep open gabbie is on set with us what did you find? was it true what they say? in other words, they were trying safety, or is it something else

that was behind the closures >> tyler, if target was trying to prioritize worker and customer safety, they would have closed the stores that are still open what my investigation found is that the stores that target chose to keep open in nearby locations actually had way higher crime incidents than the ones they closed what we did, i pulled public records from all the police departments that saw store closures in seattle, portland, new york city and san francisco bay area and so what you'll see is that the stores that were close toast the ones that closed had higher crime incidents in all but one case we have data on 21 stores. only one store that closed had higher crime than the e it kept open neby. >> swhy were the ones that didn't have the highest crime the ones that got closed >> so there's a lot of facto that could be at play here and you know, what's important to point out -- >> underperformers >> that's what it looks like some of these stores had less foot traffic than other ones the san francisco store is a really great example

the one they kept open was in the heart of san francisco's tourist and shopping district, right there in union square. 's packed. the one they closed was downtown, near a highway, homeless encampments had set up nearby, way less foot traffic. it wasust a quieter part of town you can see that in different parts. also some -- >> it wasn't that itad higher theft. >> it didn't have higher theft the one innion square had higher theft. >> exact. >> higher foot traffic, more people, high theft, compared back wat wherehere was more homelessness, where there was less foot traffic. >> exactly and the reon why this is the story, a retailer can close -- there's a whole lot of business reasons wha retailer may close a store. but when tget made this announcement, first of all, it's t news when a retailer closes nine stos. they do this every single year but they sent out a big press release saying that organized retail crime was threatening the saty of guests and employees and for that reason they couldn't keep the stores open anymore. and if that was really the case,

then they would havelosed the other stores because those appear to be a lot mor dangerous. >> in some locations maybe the crime is more of a threat because the locations are inherently more unsafe, little more off theeaten path and the other thing is if they're less profitable stores, then theft per sales per square foot might look different than over all blanket levels. >> that's absolutely true, kelly. it's important to point out my data doesn't show the full picture. theft often goes undetected and unreported but without target's own internal data, which they refuse to share with us, that's the only picture that we have. it shows a very clear trend. >> all right gabbie, thanks let's get over to kate rooney now for a cnbc news update ukraine's military wants to mobilize up to 500,000 more troops to fight russia's invasion, but president volodymyr zelekyy says he's asked military officials to spell out their plans in detail before approving the ask,

according to zelenskyy, that kind of mobilization would cost about $13.4 billion. russia currently far outnumbers kyiv's forces. the governor of new york signed a bill into law today that forms a commission to study the state's history of slaverys and racism this makes -- this marks the second state in the nation to form aask force on the issue after californ launched its own commission this summer the group in new york has been given a year to deliver that report and alabama senator tommy tubervillle says he may drop the rest of his holds on military nominations. a move that would end his protest to a pentagon abortion access policy. he dropped hundreds of holds earlier this month but kept nearly a dozen on four star generals in place. senator tubervillle told politico he will let them threw. chuck schumer says he will bring the promotions up far vote this week kelly, back over to you. >> kate, thank you very much. ahead on "power lunch," manipulations situation.

the rise of ai over concerns bad actors using it to disrupt financial markets. a new bill is aiming to prevent that we'll get the key tails when "power lunch" returns. we planned well for retirement, but i wish we had more cash. you think those two have any idea? thathey can sell their life insurance policy for cash? so they're basically sitting on a goldmine? i don't think they have a clue. thas crazy! well, not everyone knows coventry's helped thousas of

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♪ welcome back to "power lunch. continued investor optimism. the fed will pift and start cutting rates next year pushing up the broader indexes today both the dow and nasdaq 100 hit their introday highs our next guest expects the rally in stocks to continue, she cautions the markets are a little too optimistic about when and how many times the central bank will lower rates over the next year. welcome, nice to have you with us. >> thank you for having me >> so you say the market is just sort of anticipating a little more than the fed is likely to give how much more is it anticipating than you think the fed is likely to provide >> yeah. it's the million dollar question it's hard to say, tyler, but i think the market is anticipating at least six cuts, as we head into 2024. and to me, it's pretty hard to

have it both ways. it's pretty hard to have an economy that looks to be pretty stable and strong and still pricing in six cuts for next year it feels like if we're going to get six cuts, the economy has to weaken in a significant way or the job market has to look much more weak than it does >> so, if the market doesn't get the six cuts that it is pricing in or anticipating, then what is the effect on the market, which as we just pointed out, you're seeing all-time highs on the dow and close to it on a couple of the other barometers what is the market reaction likely to be what does it mean, for example, the magnificent seven stocks that led the way this year >> that's a grt question, tyler. what makes me a little uncomfortable is the multiple expansion we're getting off the excitement now, i understand it as sn as powell came out and kind of confirmed that rate cuts are next and kind of became a little more dovish than he was

just 12 days prior, it did signal to the market that, you know, the fed put is back again. and so that is not a surprising reaction what doemake me more uncomfortable is that multiple expansion that you get immediately without fundamentals first coming and so, areas like the mag seven, which did have good earnings in 2023 but also appreciated due to multiple expansion, it's going to be much more difficult for them 2024 to continue to grow earnings at the same rate they did in 2023 so what we're doing is looking more broadly across the markets at areas that didn't participate in 2023. those areas have much better risk return in 2024. areas like health care >> the only thing, ann, is that that's kind of the consens right now. so we go back to a year ago when obviously the consensus was recession. that didn't happen so at what point if get into

2024 if the mag seven are up 10%, do you change the play book >> yeah. i mean, kelly, look, i think the play book and consensus was very different probably two weeks ago than it is today everybody is very, very bullish. and you know, i don't think the market has turned away from the mag seven. we've just really are hesitant to belief the earnings growth can be as good and if you look at relative earnings growth, i think health care shows earnings growth of 20% or more, probably the best earnings growth of all the sectors in the s&p and across some other indexes as well in 2024 we think if that's achievable, you're going to get multiple expansion on top of that, leaving much better risk/reward in sectors like that, where, yes, you've seen some appreciation, but you haven't seen it driven by both earnings

and multiple expansion so, again, we're looking much more actively at areas of the market that just haven't been pushed up all on multiple. >> right absolutely no, believe me, i get it it makes sense ann, thanks very much for joining us >> tnk you. e it >> ann joining us with allspring. still to come, ai and the financial markets. a proposed bill is aiming to help avoid manipulation of the financial system by bad actors using ai we'll speawith the two senators behind the bipartan backed proposal. two of them. "power lunch" will be right back stay with us rylee! from rylee's realty! hi! this listing sounds incredible. let's check it out. says here it gets plenty of light. and this must be the ocean view? of aruba? huh. this listing is misleading. well, when at&t says we give businesses get our best deal, on the iphone 15 pro made with titanium. we mean it. amazing. all my agents want it. says here...“invitingool”. come on over!

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welcome back to "power lunch. senators john kennedy and mark warner are out with new bipartisan legislation today dubbed the financial artificial intelligence risk reduction act. the bill would require the financial stability oversight council or fosc to lead its member agencies in responding to ai manipulation of financial markets. let's dive deeper into the legislation now with senator john kennedy and senator mark warner pleased to have both of you join us welcome. >> thank you. >> senator warner, i'll start with you why start here in this realm of the financial markets in what is

kind of yet to be fully defined as a threat when we know that we've resist ed kind of broader moves by the pope and others in this country to come up with comprehensive ai regulation. why start here >> well, i've been surprised there's not been more attention focussed on this i mean, the two areas where ai right now could have the most dramatic effect is undermining faith in our public elections and faith in our public markets. and john and i work together on a lot of these topics. let's not try to boil the ocean. let's go out with some specific legislation to make sure without adding a whole lot of new laws that we both enhance the ability for the f sock which had a mixed record over the last ten-plus years, give them the responsibility on a broad look, and also put in place some additional penalties if some of these ai tools are used to manipulate the markets. >> why aren't these existing

laws sufficient to go after any sort of bad actors here? and what kind of problems do you envision >> well, the existing laws are not sufficient because ai is relatively new and i would make three quick points number one, this is a personal opinion. i think artificial intelligence will make our lives better if it doesn't kill us first. number two, the point of this bill is to try to make our lives better point three, i do not believe that congress is ready to pass a comprehensive artificial intelligence bill. so we ought to break it up into bite sized pieces and start with financial fraud and the financial stability oversight council, fsoc as we call it, is the best group to advise congress that's what this bill does it turns the fsoc lose and says come up with recommendations and

give them to us and let us respond. and i think it will work >> why, senator kennedy, and then senator warner, if you would, why do you think the fsoc is the right organization to be at the tip of the spear on this given, senator warner, what you just said is a somewhat checkered history over the past decade senator kennedy, why don't you take a first whack and then senator warner >> well, what i like about fsoc is that all of the mob families are represented. you've got treasury, you've got federal reserve, you've got the s.e.c., you've got cfpb, all of the main financial regulators are there. we may like some and not like soom some personally, i think the right entity is the right entity to advise us. >> someone who is very involved in dodd frank and helping create fsoc, certain problems arise above the individual cylinder

approach ai with all its potential for good and bad clearly meets that criteria again, i think the fsoc's record has been checkered so we are saying, all right, this is a new problem. go after it. and i would also just point out it's not like we're talking about new laws market manipulation is already illegal. what we're saying, though, ai tools can have that market manipulation with such speed and scale, we've got to step back and say, this could really undermine confidence so give fsoc the ability, put in place with existing rules the ability to have higher level of damages if you create and put some level of responsibility for those who create these ai models, that if their tools are misused they would bear some responsibility as well. >> you know, i want to switch topics just briefly when we come back to ai in a moment butly point out one of the things that frightens me is that a deep fake could get per perpetrated in the financial

markets. you could have someone pose as elon musk and tank tesla stock, a short seller could do that, it would be a very easy thing to do and sort of same thing we fear in the political market. let me turn to the question of additional military aid to ukraine and to israel and what it will take to achieve progress or a breakthrough in that area it seems as though progress on border security is the lynch pin here let me ask each of you that question what will it take -- do you believe that both ukraine and israel need and deserve more u.s. military aid, money that actually gets spent in the united states on american weapons for the most part? do you believe -- do you agree that that's needed and what will it take to get that senator kennedy, why don't you go first >> well, seven weeks ago when the president sent us the bill, my answer would have been different. here is my answer today.

it's up to president biden it's clearly up to him this bill is not going to pass the senate unless there's a meaningful change to border security and that's not going to happen i don't think my democratic friends will vote for it unless president biden says to vote for it and i have no idea what he's going to do. it comes down to this, tyler, is border security or lack thereof more important to him than ukraine, israel, and taiwan? that's what it boils down to but the longer we wait, the harder it's going to get >> senator, it's -- senator warner, it's nice to see a republican and democrat together here on screen why don't you speak back to senator kennedy there -- >> let me just -- >> go ahead. >> i actually think -- first of all, we have to remember, when we don't do ukraine thone world figure that gains the most out of that is vladimir putin. and vladimir putin has said for

ages, i'm chrman of the intelligence committee, we can just outwait america, outwait the west i hope and pray that doesn't prove to be the case i also -- we are where ware. and i would agree with john. we've got to do border security as well. personally as somebody who has been not in the room, i wish i had been in the room, but i've been trying to nudge people along. it took too long for the president and his team to get in the room and took too long for minority leader mcconnell to get in the room as well. everybody is in the room at this moment i thinmeaningful progress has been made. i wish it had been done this week chances are it's going to get into the new year before it's done but i'm frankly more optimistic today than i was a week ago. the good news is we have one final tranche of ukraine military aid that will still come before the end of the year. >> senator kennedy, what would meingful progress on border security look like i guess is my question what would the constituents of that -- of a package that

attempted to do that be? >> every senator has got to decide that for himself or herself. i deal with reality. reality is that the border is an open, bleeding wound since president biden has been the present senate the bill and included border security. i don't think he should be surprised that we want to talk about more security. but he is going to have to. the posture of the negotiations is such that, nobody is going to move until president biden says, this is what, if anything, i am willing to do on the border. i don't care what anybody else tells me, that's what this hinges on. president biden is not foolish. >> my quick final work, i have

an independent vote. i'm going to but my conscience on this. i think the president put forward weeks ago, $14 billion. there have been previous approaches on money, sometimes republican colleagues didn't vo for that. i think we need to do more. i think what you will see, if there is an agreement made, is going to make folks on both ends of the political agenda mad, but there will be, not only money, but meaningful reforms to staunch the flow of people coming across the border. james lankford has been e lead legislator. this compromise that will also include ukraine, israel, humanitarian aid, taiwan, we will lose a number of democrats and republicans, but if we don't do that, i think we shook our responsibility on the world stage. >> thank you very much for your time today. we wish yoe best f the holida and newear. comi up weeveal the result

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biggest worries people have about ai is it will take our jobs. workforce survey, hi sharon. >> hi, tyler. artificial intelligence tools are becoming more common in the workplace as employers aim to increase productivity. a new survey conducted earlier of nearly 8000 workers finds, about a third of workers say they have used ai tools at work, 72% have used ai and say it has made them more productive while 28% have used ai tools to say it has made them less productive. younger workers have more experience. generations he has used artificial intelligence tools with 37%, saying they use it at work followed by 35% of millennial's, a court of generation x and 17% of baby boomers. some workers are worried about job security. four out of 10 surveyed are concerned about ai's impact on their jobs with workers of color, individual contributors

and lowers our lead employers most concerned. people who use ai work are nearly twice as likely to be concerned about its impact on the job than those who don't. even as the use of ai tools in the workplace is increasing, employees are looking for human input on a range of issues as well. more than half of respondents say it is important for their employer to take a stance on social and political issues, women and younger workers are more likely to have this view then men and older workers. >> it is interesting that the people who have worked with ai seem more concerned about its risk than those who have not. i guess i have seen what it can do and i'm worried about it. >> exactly. they have seen what it can do and they are worried about it. they are also not just concerned about ai taking their job, they are focused on, what is the company doing for me now? what benefits am i getting that i most neeand what is surprising, those companies and many of them do this offering a

401(k) matching contribution, that is of the drawing card anymore. what employees are saying they want in terms of financial benefits is number one, pay the full rate for health insurance premiums. than the 401(k) match and that is gym mbership. r heth or that's what people are looking for right now. >> sron, thank you so much. thank you for watching power lunch. closing bell starts right now. welcome to closing bell. i'm scott walker life from post night at the new york stock exchange. this begins with a bull run in stocks, seven-week surgeon that is now caring the dow to another record high 50 smp within striking distance of its own milestone. how long can this incredible rally last? we will ask our experts over this final stretch including a bear who didn't seem ready to bridge the scorecard with 60 minutes to go and regulation looks like this. goldman, caterpillar, boeing leading today. take