>> not all of them are that small. that's one example >> 250 square feet that's a hotel room that's bigger than that >> i would live in a mall, especially if they had a day care sign me up there's one near us making this transition fun to watch welcome to closing bell. i'm scott walker live at the new york stock exchange. this make or break hour begins with the hunt for more highs whether it is stocks or bitcoin. big stocks getting above tha level for the first time ever. yesterday bitcoin at 100 jus below. s & p 6100, just below that an nasdaq, we are on 20k watch in sight of that round number apple, meta hitting new highs. we are watching tesla too, bac above a trillion dollars i

market cap after the election. the big reason why discretionary is the best sector today between tesla and amazon that's what you get, better than 1% look at aploven, now up anothe staggering 900% on the year. it is hard to believe but it's true it takes us to the talk of the tape as records keep falling, shoul your exposure keep increasing? let's ask gabriella santos wit me once again. welcome babbling >> good to be here >> people are asking the question, i keep watching th stock market go up, should i keep getting more long because this will last for a while how do you answer that >> strength begets mor strength you tend to have more alltim highs following alltime highs, especially once you have had a bear market, related to th pandemic and rates there briefly. and now we are at the start of a

new bull market. for next year we expect a pretty decent, pretty normal econom with a recovery in earning across various sectors that ha a bit of a tough go the last two years. that is an environment supportive of equities but if you think should you be adding, you should ask add wha exactly. >> okay. >> odds are there is a heavy amount of exposure to a handfu of stocks we all know and love within the growth style, the a.i. tech theme and what we have been seeing since july is much mor opportunity in other sectors and market caps like mid cap >> you have even more conviction today in the broadening stor than you did prior to th election, is that fair to say? >> that is fair to say i think one reason is th earnings delivery that we have had from other sectors we are seeing three-quarters where we had between 8 or sectors seeing positiv earningings growth after a

earnings recession last year you are seeing signs tha margins seem to be stabilizing outside of the mass seven. and more earnings continuing next year. post election i think a lot of the expected impact in terms o a slight boost or nominal growth or deregulation tend to be muc more beneficial to the value sectors and to a lower cap and a good sweet spot for us is th mid cap sector >> one of the points you make, and it is directly related t the election, it is a fiscal policy story now more so than monetary policy. >> yes >> we have adjusted expectations on what the fed is going to be and when it is going to do it. and now we think because of th result of the election, you will get more fiscal policy which will be towards the growth story. >> i think that's right. for now, this month, next month, we are still going to continue playing the fed parlor game an

how many cuts are left but the are telling us they are closer to the end of the rate cutting sector >> close to the end? even if they pause, they jus started. >> i think there is a broa understanding within the fed and market that the neutral rate i substantially higher than they were if you look at the dots, i ranges between 2.5 and 3.8 neutral rate and that's because of th resilience of the economy an improvement of productivity. we may be getting close to tha plausible estimate of neutral, three rate cuts from now and then maybe it is a pause maybe it's the end but as long as because it is resilient, it is fine. where we will get more volatility and action is related to the tax bill next year. how much in addition to th expected $4 trillion in extended tax cuts do we get and that is something that could keep th tenure between a four or fiv year range >> let me break away from th

conversation because we have been watching pictures all day of elon musk on capitol hill his xa.i has new news or news that confirms earlier reportin that has been done steve kovach >> that's right. now officially raising $ billion. this is an scc filing that jus confirmed the amount that brings the total amount o fundraising for that company t $11 billion. so much of that money is being put into what elon musk call his colossus supercomputer i the memphis tennessee area packed with nvidia chips that's where the funding i going, just buying nvidia chip and infrastructure for all o this that's what is going on now. you can see elon musk talking to members of congress today abou his doge plans this is another part of hi empire continuing to grow. david faber reported that this is going to bring the valuatio

of x up to $50 billion wall street journal reported sec will have a filing based on th chat bot pretty soon we had sam altman on yesterday saying he sees x a.i. as a real competitor you have that in the middle an then three times the evaluatio you have open a.i. >> that was a live picture a musk makes his way through capitol hill today and the man hallway shots that we have see multiple times it brings us back to the conversation about the market, where you want to lean into an it brings me, no surprise, t tech, a.i. related. there is a resurgence going on in the stocks. >> yes >> there are coming ou that are saying tech will lead again in 2025 even as we hea

more calls that it is broadening story to focus more heavily on >> and i think broadening stil implies that tech still does well it is just about moderating little bit the pace that we have seen over the last two years a well as more disbursetion within the tech it is a little more catch up i other sectors which we have seen this year since july, best performing include utilities and financials as well so a continuation of that benign broadening out what we hear from investors is a little fatigue with the a.i. investment story, looking fo the second, third, fourt derivative of that story and a lot of the conversation we have been having is around electricity generation require to power all of the data centers. for now a.i. data centers represent about 3% of the energy demand that could go to 12% by the en of the decade. how do we fix that problem

and including investing in electrical industrial companie or infrastructure projects, al related, still to the theme of a.i. but in a way that is mor expansive than it has been >> if we are worried about tariffs and whatever impact, i they even go into effect to th degree at which they have been speculated, does that just force money back into what has considered to be a mor defensive, aggressive part o the market if you go into this thing an the economy is an extraordinar economy, those are the words from the fed chair yesterday not me so the economy is good, tariff are kind of unknown, maybe the will have an impact on certain spaces within the economy more so than others, if i'm a believer in the big long story still to be bullish, why wouldn't money continue to flo back to those kinds of stocks, the mega cap tech names? >> i think it is a continuatio of a lot of money flowing to the

u.s. equity market that's because when we think o tariffs, we have a fairly closed economy. only 10% is closed to exports as well as other markets it is 40 like in europe or asia it doesn't mean along the wa you can't have risk aversion that affects less markets as well but i think it is much more of a theme that this i something that impacts the res of the world more than the u.s and then certain pockets of th u.s. equity market like retail for example, perhaps auto parts, it is much more specific impac in the u.s. versus the rest of the world. the last thing i will say is watch inflation expectations next year to see if this impac starts becoming broader. the fed said this last time, 2018 during the trade war, w will not do anything it is a one time price level shift that canwork itself ou unless inflation expectation

get unanchored and then we could be back to inflation watch all over again >> we mentioned about 9. minutes ago, the significant story of bitcoin topping 100,000 for the first time ever, sitting about right there. let's send it over to rene mckeel as you marvel at this like everyone else >> yes, like you said, bitcoin is getting back much of th gains but a really exciting da for bitcoiners as they fac ridicule as they have gone through 70% draw downs through the years. the enthusiasm did not carry over into stocks coin base and microstrategy have been in the red but there is a lot of runway for bitcoin an the crypto stocks. several analysts i talked to were calling for # $200,000 by the end of next year and if that seems crazy, it is a halving year they slashed the supply in april

and you are seeing new deman from individuals, atf, natio states and the u.s. itself looking to establish bitcoin reserves it is not going to be a straight line up but there is a lot o optimism as investors hang their hopes on president-elect trump delivering on pro crypto policies >> thank you wolf today overbought but fa from over, charter achievable, meeb next year let's bring in our investmen partners in bho. good to have you both. you have been riding the wave of this through coin base it has been extraordinary. the gains you have seen in a shortest period of time? >> 79% since halloween, that i the entry point for coin bas and the return as of now >> more to go? >> this is the purest form o momentum that you could find this reminds me of trading

futuresback 20 to 25 years ago this is momentment at its best i think fundamentally there is a change the new administrationan economic team places a foo underneath the market. i think you will see stron support. and ultimately the correctio unfolds. i have heard a lot of people talk about the store of valu reasoning behind owning bitcoin. if you think about where we ar as an economy, we are an economy that values the intangible asset, the algorithm, software we don't value tangible assets anymore. and gold is a tangible asset if you think of what bitcoin is, it's an intangible asset so for the first time you have introduced a store of value that reflects what the new technology economy of the united states i and how we price risk assets a lot of volatility ahead but

think there will be underlying support. >> what is this that we have been marveling at, what does i tell us about where we are at in the bull market cycle? >> thank you, it is great to b here it seems like the move has fundamental underpinnings with the administration's support o further crypto regulations loosening. we are in the cycle. i think this is a strong momentum trade i think the momentum is aliv and well it is hard to see what would derail the price from going up eyer if there is a correction in th nasdaq, bitcoin would probably pull back as well. it is an environment that is different than a few months ago, the regulatory outlook going forward is more favorable. so there are fundamental underpinnings and it's not clear what is going to derail this

train going forward. >> we are asking the question on the screen, animal spirits versus risk on frenzy, can it be both why is it one versus the other isn't this a sign of what people suggest could be an animal spirits environment which lead in part to a risk-on frenzy too? >> when we think of signs of sustainable animal spirits, we would look at business confidence we have seen an increase i early surveys that have come out like the pmi survey an manufacturing services, home builder survey the creasing. and most importantly whether that leads to more cap or hiring or more deal activity. and away for us to play th

risk-on idea beyond corporat credit is also in privat markets. that's our favorite way of thinking about deregulation an increasing risk-on activitie much more through private equity where you can see some deals take shape finally after it ha been frozen for a few years an you get some liquidity bac finally. >> what is your best risk-on i we want to play it that way? because that's what th environment is and some sugges it is not ending any time soon so what's the best idea? >> if you look at momentum a the purest factor, it is havin the strongest year over the last five years and it has made a return after being dormant for the last two years i think you have to respect that factor itself. i think what it does, in the case of bitcoin ethereum, by

having options associated with the etps, you have institutional behavior, specul bative behavior from a lot that were not running the models a long time ago i think that is what is going on right now. what you understand is tha momentum is at play and then you understand why you have stocks like app love in up year t date can you make an argument that it is justified, i understand the other side of that but you don't fight th momentum i think we go into 2025 with momentum >> i don't think we got at m question the best risk on ideas now >> playing the --. >> playing bitcoin >> no, for me. >> for app lovin >> no,s sectors and identifyin three or four individual names in each sector that you see th

strongest momentum so financials obviously, you are seeing clear strain with a nam like interactive brokerage clear strength in a lot of private equity names like apollo and arch capital you can turn your attention to industrials. you know what has strong momentum right now the airlines which is remarkable because it is kind o counterintuitive to what w thought over the summer. even in healthcare, you can look at intuitive surgical, stron momentum all i'm saying is it works as you said, it works unti doesn't. i urge people not to fight it. don't try to go against it o short it >> young yu, do you want t address that i asked the question at the to of the show. people see the market running, they feel the momentum, and they

are wondering if they should just continue to get even longer stocks because it is going t last a while or not, what do you think? >> i think it is fine to sta long and potentially get longe but that is the question o where to get long . what i attractive is mid ca growth and mid cap technology. we see the technology tren spreading out to a broader section of companies wil benefit from a.i., benefit fro tech spending. we think the mid cap growt space, if we were to pick targeted area where we might add funds to, that is an area that will do well as the trends permeate the economy more so than they did in the past year the past year was all about th tech names now they are going to be battling it out with the large language models. and really the benefits will accrue to the next level o companies down that can use some of the models, use the

technology to help benefit companies in terms of gainin efficiency and productivity. that's where we play mid cap tech, mid cap growth, that probably has a lot of room t grow here. >> i like that and names that come to mind, twillio which i keep adding to data dog and then docu sig which is finally introducing a.i. tools which will implify the need to read through complex long contracts and documents we have seen in earnings that it is beginning to get creative those are three names emerging i like the mid cap technolog play >> lastly, smaller or larger cap? >> in between, mid cap if you think of valuations, most are in large cap that is the starting point tha

matters here if you think of the discussion we have been having about certain improvement in certain parts of the economy and earnings, by virtue of being more oriented towards economic sectors, you add a little bit of cyclicality without going full cyclical on companies like you have in small caps and the lastly you get some exposure t companies that have floating interest rates sensitivity but not all the way like you hav with small cap >> okay, we will leave it there. thank you. everyone have a good rest of the day. we are just getting started. up next is mark o cada with hi second playbook, what he think a second trump term could mean for your money after the break ♪

with verizon, trade in any phone, any condition. for a limited time, get iphone 16 pro with apple intelligence. get four on us. only on verizon.

jen b asks, "how can i get fast download speeds while out and about?" jen, we've engineered xfinity mobile with wifi speeds

up to a gig, so you can download and do much more all at once. it's an idea that's quite attractive. or... another word... -fashionable? i was gonna say- "popular! you're gonna be pop-uuuu-larrr!" can you do defying gravity?! yeah, get my harness. buy one line of unlimited, get one free for a year with xfinity mobile. and see “wicked,” in theaters now.

best strong start of the year or it has been a strong year i should say for investor in a number of asset classes everything from gold and crypt rallying our next guest sees a set up for risk in 2025 mark okada is here good to see you again. you were walking up and i said what's up and you said everything, literally. >> that's true >> does it keep going? >> i mean the setup is great trump is inheriting an economy both a marg t economy, so th wall street economy that's good, obviously. everything is up the main street economylooks good it is softening but from a ver high place i think with all of the animal we have been seeing post election, we may not even land there is no landing. >> we have been in that scenario for a while. forget the soft landing, i

looks to be a no landing economy. you had the fed chair yesterda himself using the word remarkable for the economy >> that was our call, right? i said that earlier, i don't think the fed will cut things look too strong to me maybe they pause inflation is in a good place liquidity is amazing they said when we cut the rate and we will see money flow out of money markets and it is up. everything is up it is all good set up is good the credit guy is still bullis and now mr. president, don't screw it up. >> what do you mean by that? how could it get screwed up? >> well, the valuations are high everywhere so who really wants to own it at this price i think that is the reason why you have so much dry powder. we like dry powder that is one of our themes, tak a page out of buffet's book. it is not bad. he is much larger than we ar

but the ceo of aaa earning 6.5 8, whatever it is, getting closer to 8 but that's going t be much better than t bills. that is safe inflation protected, volatility protected. great vault tags off and you get a sweep. >> a sweep on the hill >> yeah. you get a lot more rate fall coming out of that because o the things that could go wrong all of the scenarios are on th table, stagflation, depression recession, giant piece dividend, another round of dproeth o inflation or hopefully we stay in the goldy locks thing which would be wonderful for me. >> the words you gave to our production team, an untethered trump means all scenarios ar possible gepolitics, rate volatility,

deportation recession, trade wars, meme implosion, that's a long list. >> and they are real they are all possibilities they are all possible at a tim when things are priced nicely. but do you listen to all of that now when nothing has happene and the fundamentals look so good i don't think so i think we stay long our credit plays stay long, ou risks we like. we keep some dry powder. >> what are you going to do with the dry powder if you have a growing amount o dry powder, you mentioned buffet and those folks at berkshire they are on a mount everest of dry powder and some wonder why do they keep sitting on it and what are they going to do with it maybe valuations are prohibitive so what are they going to do what are you going to do wit yours? >> for us, it is saying what i fixed income supposed to do? what is the fixed income allocation supposed to be for

balanced portfolio it is the money you count on t transfer to risk assets. it is kind of weird saying tha now because we are so bullish. but maybe at some point, some of this happens the 15% case is what is priced in now for inflation 85% of the time, we get anothe bout of inflation. so i want to sit on dry powder for that >> you mean in case we get a reflation in part through th policies that we are talking about. >> which is the base case, which is probably what happens you get wages that keep up wit inflation a little bit but not enough and you are seeing a lot of th labor want more wage inflation they want higher salaries. they want more pay that's going to happen especially when we start kicking people out of the country. so i think what we are heade for is something like that it's not now, but some of th

other policies could go either direction bigtime. you could get much more stimulus which probably is the case w are talking about or you could do something that really hurts the economy and puts us in stagflation. we have not talked about tariffs but one of the things i wa thinking about is the trum administration this time i coming in hot. >> they are coming in hot al right. >> they are not coming in wher they don't really know how thi works, right this is not his first rodeo. it's his last rodeo and that's why i say he is untethered they have all of these ideas but using tariffs as a blunt instrument, right, is really and tying them to other things and saying we will throw these tariffs on you unless you do this or that, that leaves yo open to someone else saying th same thing what if china says no chips ou

of taiwan? those are the scenarios where it gets really ugly >> what is the self propressed credit guy think of what i happening in bitcoin do you wish you were a bitcoin guy? >> i'm an investor >> in bitcoin. >> no, i'm an investor >> oh, generally speaking. >> so we analyze and look at scenarios and outcomes bitcoin is not finance at all. to me it's speculation it is clearly a scarcity play. i'm not in it. it is interesting to watch certainly, it is meaningful bu i'm not in it. i'm an investor, not a speculator >> some say it has moved fro the most speckuleative class t

an asset class you saw the sec appointment, someone who is more crypto friendly you don't have any fomo? >> no, i don't i'm an old man i got into investments because the essence of finance i savings, giving them t borrowers and building something. there is no finance going on here there is no use case for i until at some point maybei gets there and it is a alternate currency but it breaks the basic rules of finance. you are not building it. there is no use case for i except for speculation excep for an alternate currency. i'm not judging it but i'm saying why i'm not involved in it have i missed out? sure but i'll stick to m principles >> it is good to have both sides. thank you for joining us we have breaking new related to eli lilly and

angelica has the details >> lilly is announcing boostin production of glp-1s eli lilly saying the goal is t meet growing demand for th medicines for debeaties an obesity. the goal is to manufacture the injectible medicines and putting the medicine into the pens you need this is the latest from el lilly in the race to scale u supplies the company has committed $2 billion to manufacturing since 2020 those things don't happe overnight. lilly expects to start construction next year and t start making medicines in 2028 >> thanks. up next star technician jeff degraph is flagging a part o the market that is showing

animal spirit and it is no bitcoin. he explains after the break. but could be due to a buildup of amyloid plaques in the brain. the sooner you talk to your doctor, the more options you may have. learn more at amyloid.com. hi, i'm damian clark. i'm here to help you understand how to get the most from medicare. if you're eligible for medicare, it's a good idea to have original medicare. it gives you coverage for doctor office visits and hospital stays. but if you want even more benefits, you can choose a medicare advantage plan like the ones offered at humana. our plans combine original medicare with extra benefits in a single, convenient plan with $0 or low monthly plan premiums. these plans could even include prescription drug coverage with $0 copays on hundreds of prescriptions. and medicare advantage plans ensure that your covered medical costs will never go above a maximum out-of-pocket amount that you know beforehand. most humana medicare advantage plans include dental

coverage with $0 copays for covered preventive dental services. vision coverage that includes vision exams and a yearly allowance towards eyewear. even hearing benefits, including routine hearing exams and coverage towards hearing aids. there are $0 co-pays for in-network preventive services like annual wellness visits, mammograms, and prostate exams. and $0 co-pays for routine vaccines and telehealth visits. you get worldwide coverage for emergency and urgent care when you travel, so you can have peace of mind when you're away from home. and of course, you should be able to see the providers you like. that's why humana works with multiple large plan networks of doctors, hospitals and pharmacies. so, get the most from medicare with a humana medicare advantage plan. you can have more coverage than with original medicare with $0, or low monthly plan premiums, and a yearly cap on your out-of-pocket costs. it's called medicare advantage for a reason. so, call a licensed humana sales

agent today to learn more, and to request a free decision guide. remember, annual enrollment for medicare advantage plans ends december 7th. humana. a more human way to health care.

we are back. bitcoin is just below 100,00 and we will continue to watc it, and it did hit that earlie today. it is not the only stock showing animal spirits according to ou next guest, head of technica research, jeff degraaf, good t see you again. welcome back >> thank you for having me >> what else do i node to be

wary of? what else do you suggest to show me what you think is anima spirits? >> well, look, it is a important part of a bull market. obviously you want to be a par of the animal spirits as the are building you want to be wary of the animal spirits as they get frothy i don't think we are there yet we can talk about that we look at a lot of differen aspects of the market, one o those being the ipo index. so how are new issues doin relative to seasoned issue because they tend to be more spective those are making new highs and it looks really impressive t us another aspect is high bet versus neutral beta names. and they are out performing an that tends to be good news

and then finally, just to put pin in it is cyclicality they are outperforming the defensive names. that tends to be good news historically i like the building of the animal spirits i think sentiment can be a impediment at some point but i think that is after th beginning of the year. i think that is mime starting in february or late january until we start to see more evidence of that, i think th sign posts are still pointin towards the bull market being in tact >> when does it get excessive? do you have numbers in mind? you must in certain levels as technician what makes you say, okay, now it is getting a little crazy? >> it is less about levels and more about the data that we look at so we will look at the optio pricing, sentiment survey.

and what becomes interesting i if the sentiment is out of lin versus the historical returns. if we see a lot of bulls but w have not made much progress in the market, that becomes a dangerous sign that is not happening here we are still in good shape we have the same number of bulls given the types of returns the last couple of months. i think we are still okay there. but i do suspect, about 65% of our indicators are flashing some type of warning sign they areusually early so so i think seasonality is a more important indicator than the sentiment signals. i think it is important at som point in time, probably earl 2025 >> what do you notice in tec resurgence that is noticeable to you? nasdaq is up 2.5% on the week, leading the market by a bunc and it is is the leadershi group over the last month. >> i would say a couple of

things really jump out semi conductors continue anything that is not associate with a.i continue to lag an continue to frankly be an anchor around the neck of tec investors. so those charts still look wea to me. the nvidia chart is okay but just okay, not outstanding, it's decent even today, what's starting to happen is microsoft is startin to break out the relative performance i lagging. i would like to see that kic in microsoft hases been one of th weaker software names in tha space. application software, system software are better sharts and look really good to us i think the next leg of tech i being led by software names. that's been building for a while, it is not terribly new. a lot of those have been lon consolidations over the last nine months which sets u

bullishly for 2025 >> i want to ask you more deeply on that, it is longer than a couple of months if you go back six months, the igv versus the smh, it i telling the way the line diverge. you are suggesting that that's not going to change any time soon >> correct i think that that's in play fo a while. i would say at least the first half of 2025 the relative performance i there. you have a lot of work to make up with a lot of semi conducto names. i think that's going to be a long building process. frankly, the sentiment in many of the names has not changed enough to get to the point where we have cleared decks and ca get a fresh start. we are allocating capital more towards software at this point >> the lines look like they ar going in that direction, wha was modest outperformance look to be developing mor substantially. good to see you, as always, jeff degraaf. >> thank you up next, alex sherman caught

up with the major league socce commissioner we will hear what he has to sa about the league's deal with apple. we are back right after this break. tax smart investing today, helps to build a stronger tomorrow. at pgim custom harvest, our unique direct indexing approach seeks to help investors achieve better after-tax outcomes. pgim investments. shaping tomorrow, today

growing your business is easy

once you know the moves. with godaddy websites plus marketing, you can quickly create a website, and ai will customize it for you. get your business out there and get more customers in here. no sweat... for you anyway. create a beautiful website in minutes with godaddy.

we are back on the bell. cnbc sports, alex sherman caught up with the major league socce commissioner and joins us no with the highlights. what did he tell you >> hey, scott. we talked about a number o different things, lionel messi's effect on the league and o attendance mls had the second highest total attendance of any soccer leagu throughout the globe this year in large part due to messi we talked about the mls cu coming up on saturday. we talked about the media rights deal with apple which is ver unique among all of the sports companies with the media partners the mls struck a deal with apple that gives apple all of the ml games. they have an exclusive contrac there. very different from othe leagues who have sliced an

diced among many media companies to maximize revenue. one thing we have not learned is how many subscribers actuall sign up for mls season pas which costs $15 a month. so i asked don garber, why haven't you disclosed th subscriber number. here's what he had to say. >> we have more subscribers than we in apple thought we would have we have more people watching the games. we have every single game, lik a national game. think of the difference betwee a local viewer and a local sports regional and now having that seattle game playin vancouver is broadcast aroun the world. at some point there will be more transparency apple and other streamin services aren't distributing subscriber numbers but we will see how that looks in th future >> so the take away is that th mls wants to tell people how many subscribed because they say it is a good number but it i

apple's policy of secrecy that has prevented the number fro getting out there. you can watch the full interview on cnbc.com/sport and also every weekly video cast woe do wit another member of the sports business community can be foun in your inbox by signing up to the cnbc sport newsletter, als at cnbc.com/sport. >> i just want to make sure heard you correctly because i' surprised by it. the second highest attendance of any global sports league is th mls? presumably it is the premier league in the u.k. that is number one >> higher than bundesliga an that's right, premier league i number one that speaks to the fact that mls has gained traction in the country. another interesting note i think that i learned through the course of this interview is th

viewing audience is really young. 75% of viewers of the mls are 45 and under. so that is another benefit o the partnership with apple which is maybe steering the ml towards younger viewers rather than older viewership that still hangs on to traditional tv >> yeah, interesting stuff alex, thank you. still to come, shares of uber and lyft are sinking in today's session, we will tel you what's behind that we're back after this break.

weathertech presents. ♪ deck the halls with gifts so happy ♪ ♪ fa la la la la, la la la la ♪ ♪ made right here so nothing's crappy ♪ ♪ fa la la la la, la la la la ♪ ♪ laser-measured ♪ ♪ perfect fitting ♪ ♪ fa la la, la la la, lahh lahh lahh ♪ ♪ auto, home and even pets, too ♪ ♪ perfect gifts for me ♪ ♪ and perfect gifts you ♪ happy holidays start at wt.com with dexcom g7, managing your diabetes just got easier.

so, what's your glucose number right now? good thing you don't need to fingerstick. how's all that food affect your glucose? oh, the answers on your phone. what if you're heading low at night? [phone beeps] wow, it can alert you?! and you can even track your goals. manage your diabetes with confidence with dexcom g7. the most accurate cgm. ♪♪ learn more at dexcom.com

coming up next, what t watch for when lu lu lemon reports inside of the market zone next.

♪ ♪ ♪ something has changed within me ♪

♪ it's time to try defying gravity ♪ ♪ ♪ ♪♪ well would you look at that?

jerry, you've got to see this. i've seen it. trus, after 15 walks, it gets a little old. ugh. i really should be retired by now. wish i'd invested when i had the chance... to the moon! unbelievable. stop waiting. start investing. e*trade ® from morgan stanley. the market zone is sponsored by etrade from morgan stanley. >> we are now at the closing bell market and the senior commentator is here to break down the crucial moments and steve kovach has what is behin the drop in uber and lyft an locking into lu lu lemon steve, tell us about uber an lyft

>> it starts with waymo becaus it is going to miami and that is sending the shares of uber and lyft lower waymo will start offering ride in miami with human supervisor next year and then launch th automous services next your. they already operate in sa francisco and los angeles and couple of other places uber is also a waymo partner and they will offer rides in austi and atlanta next your year still uber and lyft off 10% on that news. back to you. >> okay. how about lu lu lemon? >> this one this time around the focus for investors will b around the ability or lack there of to stand up against competitors. they both seem to be gaining grounds. they are private companies but they are still growing year over year they have been decelerating each quarter for over a year now. while some of that may be from the growing competition, some of

it may be a little sel inflicted from apparel tha frankly didn't resonate with the core customers plus the ceo said it was fas tracking new styles and analysts agreed it needed newness we will see if it will help in the quarter reported today geographly you want to whach wat lu lu lemon sees in the u.s. and then if china increased enough to offset the oftness in the u.s. shares for lu lu down 32% year to date, compared to 15 increase in the retail etf ove that same period but lu lu shares are up 8% wee to date. the xrt is flat. maybe some hopes going into this quarter, maybe recovering, har to tell. when i was at the mall on blac friday, there was a long lin outside of lu lu lemon there were not big sales to be had there. back to you. >> thank you, courtney we will turn to mike santell here we are pealing back the roun

numbers. bitcoin is off of 100k, dow is pulling back from the bi numbers as well but the jobs report is looming in the morning. >> it is hard to make too much of it other than the hesitatio ahead of the jobs report on a week to week bases, two-thirds are down. it has been a really almos painless cooling off perio after a very strong month coming into this week we are still seeing the ho money flows. you have been talking abou that, how to know when we ar due for a shakeout well, microstrategy is down 5% on the day we went above 100k in bitcoin. i would never want to declar that is decisive but be awar there is stuff that has been running on pure adrenalin that at some point will have to tak a breather we will see if we are there yet. >> santa claus is on the balcony, mr. peanut is on th floor among others, th energizer bunny, the coca cola bear do you want your picture wit

anyone >> we are keeping it real. >> top hat on the street alway works. that is mike santelli, we will see you tomorrow bell: overtime" with jon fortt the bell marks the end of regulation, recording artist ringing the closing bell and let's see, we've got a bit of green on the s&p 500, but not too much you can see it ending there a bit lower. that's the score card on wall wall street. welcome to "closing bell: overtime." i'm jon fortt. morgan brennan is on assignment. investors waiting big tech