welcome to "power lunch." i'm dominic chu. on the show, if you didn't get the new apple watch for christmas, you may not be able to get one for quite some time. a ban on all importing of that apple watch taking effect today with no relief from the white house in sight. >> plus the best ceos of 2023 and who is on the hot seat heading in to next year. we'll ask a leadership expert. and before that, let's get a check on the markets as we try to keep up the lodgeng winning

streak. and today nasdaq up 0.4%, over 15,000. i think russells were at a 20 month high. >> and just about 1.5% away from record highs in the s&p 500 overall. and bristol-myers is spending $4.1 billion to buy rays bio, the stock soaring more than double. they develop cancer treatments. other biotech names are also rallying. because we just got a huge deal from bristol-myers just at the end of last week. >> exactly. >> so this is something we'll be talking about more about whether there is a wave of biotech mergers coming up. >> yeah, a $14 billion deal last week. but a lot of people also are focused on the fact that the etf is up 40% in just the past

couple months. >> i mean, here is the thing. if the xbi is running up, it means the smaller ones are doing some of the heavy lifting. an equal weight etf. if you look at the ieb, those are tilted toward the bigger mega cap names. but xbi is equal weight. so that means that all the smaller names are picking up steam as well. >> and let's begin this hour with the trio of tech topics starting with the ban on importing the apple watch into the u.s. steve kovach has that story. what is the very latest? >> this is a crazy story. the biden administration over the weekend did not give apple what it wanted for christmas. the u.s. trade representative office ended up not vetoing the international trade commission decision to ban apple watch sales here in the u.s. by the deadline yesterday. so the ban in full effect starting today and this all stems from a patent dispute of the blood oxygen sensor

technology brought against apple by the tech company. and apple is working to make changes to the apple watch so it doesn't violate the patents and hopes to start selling again soon. and also filed an appeal asking for a stay on the ban until customs and border control can term if patents are violated. in the meantime, you cannotbuy an apple watch. the two latest models, the series 9 and ultra 2 here in the united states. the se, the cheaper model that doesn't have the blood oxygen sensor, you can still buy that. and third party stores like best buy or amazon and so forth, they can still sell their remaining inventory, but apple cannot sell anything from its stores. look for the revenue impact. morgan stanley analysts last week estimating less than 2% of apple revenue will be affected by this ban assuming it lasts through the entire march quarter. and apple is going to miss about

$135 million in sales for each week the ban continues. now, that may not sound like a lot at apple scale of sales, but every little bit counts right now as apple struggles to rush the top line sales growth again after the four straight quarters of declining sales. >> and i've been reading about this saga and it goes back a decade. there is this apple effect, companies who develop promising technology, apple reaches out to find out more about it. >> show me everything. >> yeah, they say that is often the kiss of death. so they cited a couple different companies. and they hired a couple of their executives. and they also hired 30 different people over the years. they basically took what mosimo had. could have avoided what will be ongoing lawsuits. >> and we've seen a lot of

smaller hardware companies complain about these exact practices. we've seen amazon get accused of doing the same thing. but yeah, this is going to be interesting to see how it plays out. apple trying the last ditch legal attempts to stop it or slow down the process. but not working so far. hasn't worked all year. it is banned. and so what do they do? they have to fix their apple watches so it goes around these patents that could be done at a software level, there are a lot of people saying no, that won't be enough, it will have to be done on a hardware fix. so in the meantime, they just can't sell the watches here until they can prove that they don't violate the patents. >> plenty of folks who don't wear wearables now but would in the future, hands down, if you could see things like blood pressure monitoring, glucose monitoring. all the health apps to maintain this lifestyle around health. is this a key for apple going

forward? >> just in general. anything health wise. because that is what makes this ecosystem very -- >> you're right. and that is also part of the argument they are making here in the court filings and appeals. they quote medical professionals saying this could be a health -- not a health hazard, but it could have a negative impact on the health in a way. to your point, blood pressure, glucose and insulin monitoring is another thing they are kicking around. those are probably further off. but this is all a big piece of the puzzle. how does it end? i don't know. people won't run out and buy these mosimo watches necessarily, but if apple can't work around the patents, they could maybe cut a licensing deal. we've seen them to do it with broad com

broadcomm. >> and so saying that this is a significant moment for the u.s. as protector of inventor's rights. so a lot of other companies haved forred before fighting with apple over the years. >> and it went right to the top and apple still couldn't win it. so looks like they have to make some changes. all right. and the next topic, let's talk intel because they are getting billions to join a new chip factory. kristina partsinevelos has the details. >> intel is getting help from israel to the tune of $3.2 billion and that is driving intel stock hire. and to lead the s&p. so intel previously confirmed that it would spend roughly $25 billion on expanding an advanced chip facility in israel and it already started construction. but the new operations which focus on advanced chip technology will now get government help. so that is propelling the stock forward. and it represents one of many expansive initiatives.

last year intel said it would invest up to $100 billion to potentially build the world's largest chip making complex in ohio. intel has also planned to build two plants in germany all with the aim of re-establishing intel's manufacturing chip leadership. so according to trend force, intel finally cracked the top ten foundries by revenue. and you can think of intel as two companies, a chip designer and also a chip manufacturer. and the foundry business is growing and generated roughly $311 million in q3. smaller amount, but up 300% year over year. and intel promises to break out its foundry financial separately. so it is really operating its own business. but no plans just yet to spin it

off. and even though the company -- and this is a contentious point for a lot of investors, it has had a long history of manufacturing delays. it claims that it is on track to deliver its promises and time lines of five new chip processes in four years. but some analysts are still skeptical until it can actually follow through. >> all right. steve kovach, what do you think? >> i've seen this game before with intel. you might remember the mobile era where they said they missed the mobile wave and they had a chance to be in the iphone by the way, you know, we'll figure it out, figure it out, figure it out. they never did and we saw the same thing with computer chips. now saying the foundry. doesn't mean that they won't do it. but it is always -- you are prudent to have a bit of skepticism with the claims. >> and the way the as to being has run up? >> and it is not just that.to b has run up? >> and it is not just that. you want to look at whether there is a shift.

there has been so much attention paid to artificial intelligence-related headlines, artificial intelligence-related business lines. is there something to be said that some of those perhaps moves have not run their course but maybe are due for a bit of a slowdown and that we could see other fundamental drivers in chips in 2024? >> well, the chip cycle is so different. they operate each in their own ecosystem. so for intel, the driver -- you had the pc recovery, so to your point that is helping drive qualcomm and intel higher this year. and where ai still plays a roll for intel is that what is happening on the servers, that is something that intel is working on and trying to capitalize. and then the third point is the foundry business. and that scenario too, that if this ai bubble falls down over the next year or so, the valuations come down, then that is an area where intel can continue to grow or it promises that it will grow. and why we've seen some of the

stock climb higher this year. 92%. >> and that is the reason why we want to bring it up because our last topic is about openai evaluation. according to reports the company is in talks to raise money at ale have ais of at least $100 billion. that would make it the sendcond most valuable u.s. startup behind only spacex. it is valued at $100 billion. which is more than many other very well established tech companies out there -- >> yeah, just for some context, when uber on its ipo day, it was a $70 billion company. so i mean, this is massive. but nothing is more silicon valley than very low revenue company getting the massive sky high valuations. $100 billion, sure, why not. if someone is willing to invest at that valuation, that is what they will do. but i'll point out there is a tender offer expected next month in january led by another

investor group, that will be an $86 billion valuation. so you have to wonder what the employees are feeling. hey, this $100 billion round coming, why are we getting in on the $86 billion deal. the big question, what do they do with this money. we'll raise? sam altman kind of tweeted some nebulous things. but basically chips, servers. it is expensive to run. they need more money. this is silicon valley. raise, raise, raise. hire valuation as long as you can chase it and that is what they are doing. and competitors doing the same thing. anthropic probably one of the top private companies right behind openai. i think that they are going for $15 billion valuation. >> so openai has been strangely quiet ever since the entire soap opera took place. >> business as usual. there is an investigation going on into all that drama that we went through a couple months ago about the firing of sam altman,

the retiring, so on. they will work through that. we know microsoft gets a nonvoting observer role on the board. and this investigation, they hired a big white shoe law firm to look into this. we'll find out what really happened maybe and then move forward. maybe that mean as new structure at the company. i don't know how a nonprofit could be -- >> yeah, but $100 billion fund rise while lawyers investigate whether they need a new structure. >> this is field of dreams all over again. and kristina, you talked about how this will impact what will happen with the entire semiconductor business, but there is also a case to be made that many of these companies will use some of the capital that they can raise so that they can become less dependent on certain established microchip and server and data center type companies out there. is there a concern right now that the competition is going to heat up not just among the

established semiconductor names but now they will be competing against some of the well funded startups as well? >> of course, you'd be silly not to be concerned about the competition in the near future for nvidia. amazon, meta, google all creating their own chips. to openai point, sam altman has gone on twitter before and complained about the shortage of gpus even though they do have tens of thousands of these actual chips in their use. so two reasons why you probably expect some of the money to go towards building their own chips. first one has to do with the shortage, second one has to do with the eye watering costs that again sam altman has said on twitter that these chips are so expensive. and if openai -- putting in a query to chatgpt costs four cents every query, that aids up. and especially for a company that chatgpt, half of their business is technically almost free and then the other half is way more expensive for developers and the prices are coming down for that side of the business. so all of this leads to openai

possibly investing a lot more in chips and this does lead to competition for the likes of nv nvidia, but that could be years out. years. >> thank you both. kristina partsinevelos and steve com company company advantage, appreciate your time. and still to come, we haven't had a streak like this in 20 years. the next guest warns a correction could be right around the corner. and amazon has been one of the stocks driving the markets higher, up 20% this quarter and 80% this year. and our trader will look at stan and other high flyers. 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.

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welcome back. markets are near record highs but our next guest expects a 20% correction in q1 and says a fed hike is more likely than a fed cut to start the year. fred branch is at veritos financial. and you are sticking with, so what gives you such conviction as stocks continue to rip higher? >> well, kelly, i have to see the underlying data change. so while certainly the fed's

posture changed, which was a surprise not only to me but i think the vast majority of bulls will say that the posture change was a surprise as well. but the underlying data really hasn't. so yes, back in late september what kicked off this rally is that we saw core growth of cpi go down to 20 basis points. and we saw the jobs number go down to 150,000. and what some of us warned at the time was that you couldn't extrapolate a new paradigm for that and that is exactly what happened. we saw core bounce back to the bandwidth that it has been in for the last 16 months. we saw jobs number bounce back to 199,000. we saw unemployment retrace to 3.7%. and so when you look at these key numbers, we've been in a holding pattern for the vast majority of 14 months. and so while the year over year number continues to decline, the month over month number hasn't seen much disinflation at all. and as we -- >> we just got some negative ppi

ratings. >> right. and remember, it is not goods that we're worried about, right? it is the services that we're worried about. so that gets us to the other number which is the unemployment thumb. and we're still at historically low claims. so i don't see anything that is moving us from 3.7 to what the fed indicated what they need for a 2% baseline inflation which is about 4.4%. particularly if they are going to ease in posture if not policy. and while those numbers remain the same and base effect becomes less favorable, what we'll start to see that that yeef over year number will start to appear as though inflation is retrenching and it very well may be. so until some of that underlying data changes, i can't change the outlook being that it is more likely that any raise minimally, but that they raise before they cut. >> and it also doesn't mean people should just not invest or not be in the market because they are scared of what could be our what could happen or anything else. is there any way that investors put a shopping list together for

what to buy or sell based upon this kind of an outlook? it has to stand to reason people still have to be invested in this kind of market. >> yeah, and i have my own shopping list in fact. so you are right,and what i failed to mention is i don't see a specific catalyst necessarily in the first month or two of the year. so i do believe that this rally will continue to run even if ever so slowly until the items that i've mentioned become more apparent. and while we are running, i think that the key thing to do is look at three areas. the first is those with very strong secular tail winds even though they may seem a bit expensive, we see generational tail winds in ai, in cloud and the names there are clear. the amazons, googles of the world.

but in cybersecurity, that is a great name, palo alto, crowdstrike, they are essential to whatever is going to be the future of ai and cloud. that is probably not the magnitude that we'll see a year or two years from now. and the last is those categories of things that have to catch up that have not participated even though we saw a lot of that catch up happen in december. so financials for example is a sector trading at a forward multiple of 14.5 times, less than the s&p. had a so-so year. barely up to double digits. but if you believe as i do that yields will return to levels that we saw a month or two ago, the interest margin environment becomes more favorable. if you don't believe like i do that the yields will return and that we'll get cuts, check out the income generator, something like utilities.

>> absolutely. and listen, when we need to -- we need like survey of hawks on the street. there is still a lot out there, but you are up there at the top. anyway, thank you for joining us. we appreciate your time. and coming up on the show, uranium goes nuclear, driving big momentum behind the related stocks. we'll discuss if they can carry some of that momentum into 2024 when "power lunch" returns.

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but oil is having notable move today. it is all about the expectations of the tensions in the red sea and what does it mean for the oil supply and the sense that maybe next year things will look more undersupplied like prior expectations and now approaching the 200 day moving average of 7767. nat gas going in the other direction. this contract does expire tomorrow. so especially thin trading, but as you can see down about 2%. earlier it was down more than 5%. and as it so often does with nat gas, it comes back to weather expectations. heating demand is doing down. temperatures are warm and expected to be warm for the end of the year. so not a lot of demand there. we also have supply which is very high because in places like the permian, producers still pumping oil and a higher percentage of nat gas coming out and that counts for 15% of

domestic supply. so demand not so much there. >> and what has been going on again overseas, you try to read the headlines and there is more people trying to explain whether like the houthis, was there an attack, no, this was an msc ship and this was in the red sea and they rejected warning calls. so this activity is not calming down at all. >> yeah, a lot of different headlines and different players, so hard to understand how it will impact the markets. earlier today they say they think it will go below 70 next year because iran won't target -- or anyone backed by iran won't target tankers because they want to send oil to china so they will think longer term. who do we want to still have our oil. and so you look at a more granular level who are they targeting. so there are different geopolitical elements at place. so you don't want to be short or underdiscounting what could

happen. >> and $75 crude is not that bullish. all right. uranium stocks, i get more tweets about uranium than anything else. >> uranium twitter is very active. >> also very niche. >> we've seen a massive increase in spot prices, up more than 80%, well above where they were before the fukushima disaster in 2011. so basically the market is saying that even just to continue at the current levels of operations, nuclear reactors are going to need new supply and uranium production is not coming on line to match the demand. so next year only 140 million su of supply. and so they want to triple nuclear capacity by 2050. so a lot of momentum here and very few ways to actually gain exposure to this market which is

why there is a lot of activity. >> all right. thanks. >> here is what i would say, i'll think about it, whether or not there is a way to play uranium. >> pippa, thank you. coming up, who is looking sweet in the c-suite? the list of best performing ceos for 2023 and who is on the hot seat for 2024. (sfx: stone wheel crafting) ♪ the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪

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welcome back to power lunch oig. ceos have had a lot of challenges to navigate. inflation, cost cuts and rising interest rates. but our next guest has found three winners but also placing a few on the hot seat for 2024. let's bring in our senior associate dean for leadership studies at the yale school of management. welcome and we'll waste no time. let go this reverse order. your number three is actually cvs' karen lynch? >> she's done well, revenues are up 20%.

the big breakthrough, she's got a $350 billion company she runs largest company run by any woman. but she's run it extremely well. a bit of a transition. she took over from larry merlo, a well respected predecessor. but she had to integrate the aetna insurance business. done a remarkable job there. bean b b been a leader in getting rid of the cigarettes. and she has brought real transparency that has been needed into the cost of drugs. i think people are still unraveling and figuring it out, but there has been regulatory pressure that she's gotten in front of. instead of being pushed to try to catch up to it all, she's shown an ability to i think to race ahead. and it is a remarkable model on many fronts. >> and what is the thing that karen luncynch has to work thro

the most in 2024, what is the biggest hurdle she has to overcome? >> i was hoping you wouldn't ask me that annoying question. but this is true of her competitors as well especially walgreens. any of us know in the pharmacies, those pharmacists and their deputies are working way too hard. hours are exhausting and we worry -- i don't know of any mistakes happening, any tragedy, but we're on the edge of it. these people are i think -- they really need to figure out better workforce management scheduling and finding more pharmacists. >> let's move on then to the number two. pat gelsinger. he has his challenges still cut out. >> well, challenges, the stock is up like 80%. as he came in, he had a lot of cleanup to do. first two years. he's been very candid about

opportunities that they missed. they missed his predecessor investing of course in cellphones and mobile chips and other fronts. what he has done, and in addition to -- the stock is up and his impact on the personal computer chips, so sales rebounding from last year, is he has been investing fantastically in new specialized ai chips. nvidia, which has done very well, i don't want to get jim cramer mad at me, impressive leadership, but they have had a much more generalized chip. what he is coming up is highly specialized ones. and this meteor lake and a whole bunch of things that he is coming up with, this ultra, that is ai enabled features that i think is going to take a lot of share away. but also what he has done is showing great patriotism by this $100 billion investment in manufacturing in the u.s. and not just in his backyard in

silicon valley, but of course in arizona and new mexico, oregon and especially ohio, that will reduce our reliance on taiwan and other asian chip makers. and this is pretty remarkable. working closely with the government. so he has really been exceptional on many fronts. he was an intel guy who came back in after a couple years of great performance and other tech companies. but they are really lucky to get him back in. very spiritual and principled person speaking this time of year day after christmas. >> and this idea that you could maybe see a rebalancing if you will about the media coverage and the headlines shifting away from some of the, you know, others back toward intel. and so let's stick with technology. the number one out there right now, professor, is marc benioff. what makes marc stand out in

your list as opposed to many other ceos that could be on the list? >> you think about where we were this time last year. we had dan lobe of third point, weed that paul singer of elliott, and all are coming after him as he stepped back in because they had a co-ceo position, didn't work out so well. they had an acquisition that wasn't ideal. never been a big fan of the co-ceo model. and marc has brought the right back to life. the stock has doubled from the past year. i don't own it, i wish i did, i've been screaming that he would pull it off. i didn't want to be conflicted but revenue has grown by 12%. profit margins have doubled. ep ss sales force is one of the biggest wirns nners of ai boon.

he already has 20% of fortune 500s. and he's had a successful reorganization without a revolution. but he also hasn't traded off the importance of standing by his values, that he is a big believer in social impact and both the company has a lot of pro bono work and i think that, i don't know, some 70,000 nonprofits that get support from salesforce. but then he also has done a lot -- almost 300,000 acres that he is in hawaii he's given away to help homeless and food i believe security folks and other fronts which has been remarkable. and of course they built a hospital for kids. so he is living proof that doing well is not antithetical to doing good. >> and the other side of the spectrum, the ceo that you think is in the hot seat right now. >> i don't want to get in the

hot seat with your old friend given her affinity for cnbc and nbc and all the great family brands that she was once a part of, but linda yaccarino at x/twitter, it is embarrassing that -- troubles have grown larger since she's been there. valuation has plummeted by about $19 billion -- or to $19 billion. she's lost 200 advertisers, that is about $100 million in revenue right there. i was at andrew ross sorkin's event where her chair elon musk told them to go f themselves to the advertisers. people about the promotion of hate speech and misinformation and over the israeli/hamas conflict and other hate speech that brought out some of the pairing of companies advertising on twitter with hate speech.

he has either sued them, threatened to sue them. and yaccarino doesn't seem to have any influence. if she's not functioning as ceo, she shouldn't be paid and be there as ceo because she's clearly not pulling her weight. even the rebranding, everybody admits has caught her by surprise. the idea of x, how many xs do we know, from x-rays to xbox, xfinity. x is the symbol that represents the unknown in mathematicses. how was x a good idea? i think only thing she has going for her is her competitors or rivals at threads. of course facebook blew that one. they overpromoted what they could do. so that is the best thing she has going for her. >> certainly a robust and somewhat controversial list for sure. professor, thank you very much,

sir, have a happy new year. we'll see you soon. >> same to you. coming up, through the roof. home prices posting their biggest jump in 2023 for the month of october despite rates remaining relatively high. we'll get key data points coming up.

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yeield on the ten year note is 3.88. one full percentage point from the recent high that we saw above. the drop in yields still working its way through the housing market. diana olick has the latest numbers on housing. >> and that number would not have had an effect on the data we had this morning on home prices which rose 4.8% nationally year over year. that is a jump from the 4% annual increase in september. it marks the strongest annual

gain this year. that strength in home prices came despite a sharp rise in mortgage interest rates in october. average rate on the 30 year fixed loan cost 8% on the 19th, highest in more than two decades. rates as dom said dropped steadily through november and december with the 30 year fixed rate not hovering around 6.7%. with rates now much lower, home prices have nowhere to go but up in the coming year especially given still very low inventory. going local among the top 20 cities, detroit reported the largest year over year gain. san diego followed at 7.2% and then new york at 7.1%. and home prices in portland, oregon fell 0.6%, that was the only city in the index showing lower prices in october versus the year before. and home prices are 1% higher now than the peak in 2022 and they have recovered all the losses recorded in the second half of last year.

>> you know, i thought it was interesting that these home price increases were happening really even before the real decline of mortgage rates happened. and so we can maybe assume there is more to come when we get the november and even december data. >> absolutely. as i said, nowhere to go but up. i was watching this report closely because it was october and because we crossed over 8% on the 30 year fixed, i thought maybe we'll see some kind of weakness in home prices even if there is still a gain, it might be a smaller gain. but it actually just kept getting bigger and bigger and that is why we expect to see prices continue to rise. the question will be in the spring, will we get sellers to get off the fence and put their homes on the market, more inventory would mean less competition might mean prices easing a little bit. we'll see. >> diana, thank you. appreciate it. still ahead, room to run. our cnbc pro screener out with a list of stocks beating the s&p 500. analysts also think have even more up side in 2024.

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the first stock is amazon. >> absolutely. tens of room to run. the stock looks right to me because it should continue to accelerate. we are looking at better margins on that. that is about a 40% margin business. number two is the growth of their advertising business that is a little sneaky but over the growth of the the six decade you could see future revenues. core retail is wonderful. there logistics business, how they manage costs so effectively. they handle about 80% of their own inventory now. i look at the stock i see a lot of love on the upside, lots of consolidation and some of their operations this year. it is still a buy. >> the next one might be more surprising to people, victoria, because mgm pops up on this list. >> absolutely. they are coming off of a horrible year.

they had a cybersecurity hack that was about 80 to hundred million dollars drive. they had two units that almost dropped and they had to do negotiations to get those labor contracts but for me, the stock is on the upswing. if you avoid the recession, you're seeing great [ indiscernable ] and they're well-positioned on the sports betting and gaming market. we have two states still on the sideline, california and texas, that may come in over the next five to 10 years but it's also about what they're doing to generate more revenue. they search their black jack tables from 1.5 out to a 2.2 payout. >> all right, the final name is travel. it is delta, the largest airline by revenue and market cap. that stock is at 24% this year.

do you still agree it's a topic for 2024? >> i can't, i'm sorry. i can't get behind airlines. i don't think them climbing back to 51 or 48. they have rising labor costs, fuel costs, always a headwind. some of this travel is starting to get back so they've had this expanding margin because of their pricing power and now they are seeing that the road. they rely on their previewing travelers. they relied on an uptick in travel. i see travel returning to trends so it's hard to continue this growth rate in 2024. >> all right. thank you very much. ppneye. shay w ar>>o many more headlin get to. so little time left. we will power through as many as we can in closing time right after this. power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley.

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welcome back. three minutes left in the show with several stories to get to so let's get right to it. while many corporate executives spend the holiday season praising employees, one is taking a bit out of the grinch who stole christmas. wayfarer ceo warns workers they should not shy away from working longer hours are blending work and life together as he says winning requires hard work. the company did report record

revenue in its latest quarter. >> the interesting part of this is whether or not you think there's any productivity gain to be had by giving this kind of pep talk to your employees over the holiday season. >> i kind of like it. it's bold. a company can set its own culture. if this is the culture they want, go for it. >> aquaman took in $28 million at the domestic box office this past weekend, the fourth lowest debut in the history of the d.c. extended universe. that is less than half of what aquaman taken during its 2018 weekend. we've heard a lot of this with the marvel universe over at disney, with whether or not there is the saturation effect and it dilutes the effect of all of them. >> indeed there is and it is time to come up with something fresh. unfortunately that was very expensive, some folks apparently skipping their weight loss meds because they want to consume more food without postmeal discomfort.

>> i think this is an interesting option on the story because if i want to suppress my appetite and get rid of those urges i take my ozempic and if i don't want to have those -- >> i've heard stories of people who undo their gastric surgery like when they go on a cruise. this is easier. you can just skip a week. 'tis the season for texting. mobile provider sake christmas day sees more texting between americans than any other day of the year. the second busiest day is new year's day. t-mobile says 92 million messages were sent on its network during new year's 2023. get maybe is a way to avoid calling a facetiming them, is that what this is? >> or its that loose network thing you do. i didn't get that many messages this year. it's fine. also, i pull out the phone, all the kids want to play with it anyway. everything old is new again. the perm -- if you look around

town, teenage boys and the curly hair. actor timothee chalamet is getting a lot of credit/blame for this trend while a lot of parents are hoping this will be temporary. >> thanks for watching power lunch. >> closing bell starts right now. welcome to closing bell, everybody. i am brian sullivan. we had a great christmas. this make or break our begins. santa claus rally, wall street coming into the final holiday shortened week with stockings full of momentum and investors hoping for a nine week win streak. we have a pretty good start that is green across the board. intel surging on the heels of a multibillion-dolla