re the man! i wish. the future isn't scary. not investing in it is. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com good afternoon, everybody. welcome to "power lunch." joining us for the hour is ron krufshefski. >> a big indiana. going to south bend. >> we will whip the golden domers. last read on inflation. it came in within expectation range up three-tenths of a

percent. up 2.7% from last year. markets think this clears the way for ñ■ >> let's just look at the nasdaq. topping 20,000 for the first time ever. six of the seven mag 7 stocks are at an all-time high today. all except for invidia. apple, the ninth straight day of a record high. >> president trump has threatened canada with tariffs. he mocked prime minister trudeau as the governor of the 51st state. we will hear from the premiere of ontario about trade relations between the u.s. and canada. pippa is at a uranium mine in canada. inflation met expectations. does that clear the way for another rate cut next week?

let's discuss that with the managing director and portfolio manager at clearbridge investments. michael, what do you see? inflation numbers were as expected. any impediments to the fed cutting rates next week? what do you expect for 2025 in terms of interest rates? >> i think the markets are saying today that obviously this sets the stage for the fed to cut next week and i think the markets are cheering that. i think longerterm, it's clear that while inflation is nowhere near as bad as a couple years ago, it's stickier than we would liked or hoped. as we head into 2025, you can still see more rate cuts. the outlook is not as strong as it was a few months ago. i think we think that inflation and rates are likely to be higher for longer than we were thinking. >> we came into this year with lots of people predicting six, seven rate cuts. what have we had?

two. we may get a third in -- next week. that's a far cry from six or seven. next year, what do you think? you think the pace will slow? >> it's two to three. >> you were right. >> today, the market thinks you are going to -- we are setting up for significant rate cuts. i think the fed is going to do two more in this environment. inflation at 3.3%, pretty sticky. you are not going to get much below four in my opinion. unless inflation starts to come down. watch the data. this 80% that we have five or six more cuts i don't believe. >> michael, you are a little more -- i guess i would say -- cautious about the market given where valuations are. you are recommending stocks that have pleasantly plump dividends or are growing their dividends. explain the thinking. >> i think as we sit here and look at the economy, the economy is in good shape. that's terrific. we have stuck the soft landing.

i think the outlook for 2025 at the macro level is good. >> did we land or buzz the tower? >> it's probably right. the stock market is up over 60% over the last two years. valuations are near all-time highs. as we have been talking about, inflation and interest rates are likely to be stickier for a little longer than people would have hoped. we expect robust economic activity or healthy economic activity, i think after a year of nearly 30% gains in the stock market, we are more restrained in our outlook for capital gains. >> people think we can do the three-pete. 20 percent plus. did end in the dotcom crash. maybe we can do it again without the crash. >> if you look at s&p operating earnings, we think 250 bucks. that's 24 times. to say the market is going to be up another 20%, sometimes you

have to look at it. i will take the under on three years in a row. >> because in other words, you don't think we're going to expand valuation. we would have to see earnings growth of that magnitude to deliver that kind of return. >> in this rate environment, 24 times earnings is a healthy valuation. >> in any environment. i think it's basically at almost the all-time high in valuation with the exception of a couple of bubbly peaks. >> like 2000. >> exactly. >> michael, let's get tos name you like, comcast, nestle, enbridge. why those three? >> i think all for slightly different reasons. start with enbridge. yields 6% here. one of the last largest infrastructure structures in north america. we think the outlook for energy sfrur is excellent. we have had energy growth in the united states for several years. under the coming administration,

you are likely to see more of that. you have a 6% yield with solid growth and a good look for natural gas growth given everything with ai and data centers. it's an attractive outlook. >> nestle? >> it has gotten pummelled. we think a lot of bad news is priced in. the stock is down almost 30%. they fired the ceo. they cut guidance. today you can buy nestle, a high-qualify diversified staple trading 16 times earnings cheaper than the market, cheaper than staples. it's not likely to be the next nvidia, on a risk adjusted basis, buying a high quality staple at a 4% yield -- >> tly, tell us about comcast. >> it's got the best talent in the business. >> you get the gold star, brother. >> comcast, the stock has been a

laggard the last couple years. >> that's because i work here. wherever i go, stock becomes a laggard. aol, abc, whatever. >> let us know where you are going next. >> i will. short it. >> stocks are trading ten times earnings. subscriber growth has been challenged on the broadband side because of fixed wireless access. wireless guys offering internet service. we are maturing or aging into those. those are led ss headwinds goin forward. there's a chance for consolidation in the media industry under the incoming administration. >> charter, that's the rumor. go national. 20 years ago -- >> do tell. >> on the broadband connection side, cable was the only game in town. you have fiber in many places. you have fixed wireless access. you can get internet from

verizon, t-mobile, at&t. >> even if they go national, there's a lot. you know whose stock is up 63% this year? >> thank you very much. >> ron also -- not only have you had a good year, you have had a good tenure at this point. should i run people through how well the stock has done since you have been -- since 1999? >> seven. >> 1997. i have it here. since you showed up, up 6,907%. >> that's correct. >> compare that with microsoft, up 4,000%. morgan stanley up 816% to name financial services and the s&p up 709%. >> we can't own individual securities as most people know. i have never owned anything up 6,000%. >> you know what? it's a tribute to the people. we didn't create a chip or an iphone. we got a lot of people. we went from 600 to 10,000 people.

there's growth stocks in financials. >> because you are cautious -- you have had this great run. you have built this big business. you are going into a year, what do you do now? is it hunker down? do we have a wave coming? >> we have. the economy is good. capital markets is good. deregulation is going to help in a lot of ways. you have to be cautious. 24 times earnings coming off two years in a row, up 20%. we are telling investors -- we are not telling you to get out, we are telling you to understand risk. >> even in stifel? >> even in stifel. >> thank you very much. you are excused. particularly for talking about the talent flatteringly as you did. we have news out of washington now. the government's monthly report on how much it spends. megan is here with the details.

>> we always like to start with one category. the u.s. spent $87 billion on interest on the public dead last month. that's 8% higher than the same month a year ago. mostly, of course, due to the increase in the size of the debt. since this time last year. in total, treasury took in $302 billion last month. roughly 10% more than last november. spent $669 billion, 14% more than last year. if you do the math, that's a $367 billion deficit, just last month. all of those figures set records for the month of november, highest ever revenue, spending and deficit last month. spending was up across agencies. up 11% on social security in november due to the cost of living adjustment since last year. up 47% at the department of homeland security, most of that went toward fema and disaster relief efforts. then at the department of agriculture, spending up 23% for the month, most of that toward crop insurance payments for

farmers. we are two months in and the deficit is running 19% larger compared to this time last year. higher spending, higher deficits, all of this is ripe terrain to launch this effort to vastly slim down the federal government. >> thanks. i think our guest host might want to say something. these are big numbers. >> absolutely. again, i think that what i want to see when we talk about moving this economy forward is really a deregulatory slimming back. i could take the financial services rule book, probably this book, and cut it in half and not change any of the real protections for investors or the market. >> people are going to go the financial crisis. we increased capital. so that doesn't happen again. >> those are valid points. look at whether you n you do to regulation -- we can't do ipos today. it's too expensive.

too many rules. for the american economy and investors to be able to thrive, they need to be able to invest in new startup companies. >> deregulation is a different question, isn't it, from the spending and tax side, from the fiscal side of the budget. >> there's no question. but part of balancing the budget is growing revenue and tax revenue. >> fair point. >> we need to do that. to do that, we have to look at deregulation as one of the pillars. that's only one. >> when you looks at $87 billion in interest spent in a month -- >> it was half of what -- the deficit was 1.8 trillion. >> that's dead money. that's money you can't use for some productive purpose. >> running up your credit card. with those interest payments, when interest gets to this level, it's more than defense. we will have to figure this out. again, the way is not to cut our

way out. the way is to allow the capitalist instincts of america to take hold. let some of the spirits go. that will drive a lot of these efficiencies and allow us to pay our bills. >> ron, thank you. you will be back with us throughout the rogram. thank you, egan, as well. uranium fever. a lot more resources are needed. pippa will take us inside the west's largest you uranium mine. >> demand is rising. we got an exclusive look at the mine. take you inside coming up next on "power lunch." after last month's massive solar flare

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the u.s. electric grid. now with ai and the promise of small modular reactors, it could play a larger role. pippa has a look at the west's largest uranium mine. >> we are here at the second largest uranium miner in the world. the ore is 100 times richer than your average mine. there's a lot of activity with the specialized boring system. the company is constantly exploring new areas in order to extend the life of this very valuable asset. this is one of the active development regions. this will give them the ability to access ore further away from the site. this drill blasts two to four meters every day. after that, all of that rock has to be brought back up to the surface in the same elevator we took down here earlier today. in order to make sure the

structural integrity of the mine is sound, they reinforce the walls with all of these rock bolts. despite the fact that the u.s. has the largest nuclear fleet in the world, they are dependent on other countries for every portion of the nuclear fuel supply chain. unreliable supply, including from places like right here, is becoming increasingly important after russia cut off exports to the u.s. >> that only is good news for a company like cameco. we are getting a lot of customers that don't want to play the games. they are coming and saying, where is a safe, reliable producer? where can we be assured our fuel is coming from for years to come? >> you can see above me that parts of the tunnel have been mined. the sign is the concrete filled back holes. they are not done drilling here.

they have three jet boring systems. they vary where they drill to maintain the structural integrity of the mine. when you think of a mine, you think of underground and dingy. it's actually really comfortable here. it's a lot warmer than outside. bright. the wi-fi is great. the road is even paved. >> the wi-fi is great? two quick questions. how far underground are you right now? number two, when you are going into a uranium mine, do you have to wear protective garments or gear? is the radiation level monitored in any way? >> right now, we are 1,600 feet under ground. radiation is very, very carefully monitored. i can see my reading. it's 2.64. that's basically what you would get if you were walking around in your daily life. that's background radiation levels. i am really close to the ore.

the reason why they developed this boring system is because the grade is so high that you can't have workers close to it. it's done remotely. it all drops down into pipes that have reinforced steel. you are protected from it everywhere. for the workers who are here underground every day, they wear monitoring devices at all times. their data is tracked by the regulatory body. they do urine analysis. they are very careful and make sure all the workers are well below the cdc's recommended limits. >> pippa, a few years back when germany was closing its producers, it seemed as if this mine didn't have that bright of a future. now i imagine they are seeing a bonanza in front of them. can they meet the demand that may be coming down the pike? are they going to expand? should we look for other mines in this region? >> that is the million dollar question. of course, all of the current supply is contracted many years

in advance. here they are through 2031. that could be extended through 2036. there are options. macarthur river, that stands at 18 million pounds per year. they can extend that to 25 million pounds. they have operations idled in the u.s. the total is about 2 million pounds. they could bring that back online. when you look into the 2050s, there's going to have to be more exploration. not only is demand there from nuclear reactors coming back online and having their life expanded, but then we have the smrs coming in the 2030 and beyond range. probably see more exploration. this took almost a decade to come online from first construction down here to the first production. it's certainly not an easy feat to build one of these. >> pippa, thanks very much. we appreciate your reporting. ron, any thoughts? there's going to be a heightened power demand as ai begins to sop up so much -- >> i think the numbers are --

it's 4% of the electric grid going to 14. then you say, what does that mean? that means that i would be long on energy stocks. i would be. energy is needed. i will say this, i do not believe in my lifetime -- i'm going to live a long time -- there will be another nuclear plant built in the united states. >> even a small one? >> i do not believe that. >> you don't think we will bring online any -- >> bring three mile island on. >> i mean, the new idea is the smaller -- pippa knows the term. you don't think that -- >> you put it next to your house? >> there's a lot of space in this country. >> you have to be near a grid. it will be interesting to see. the nuclear projects that have been brought online have bankrupted the two utilities that tried do it. however, we need power to power ai. that's going to be -- it will be an interesting couple of years as it relates to power and ai.

>> you put a stake in the ground there. >> i don't think we will have a nuclear plant. we will see. >> there you go. i like people who come here and say something. take a stand. >> my lawyers are upset, i'm sure. >> they work for you. don't forget. >> tell them you are up 6,000% in the past 20 years. things could be harder to come by if trump's tariffs become a reality. wl .from canada weilspeak to the premiere of ontario about the coming geopolitical twists here after the break. pulling in the perfect team to get the job done. i'm just here for the internets. at&t, it's super-fast! you locked us out?! and when thrown a curveball... arrggghh! ahhhh! [crashing sounds] we had everything we needed. is the internet out? don't worry, we have at&t internet back-up. the next level network for small business. ♪♪ i sold a pillow! do you have a life insurance policy you no longer need? now

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welcome back. with president-elect trump threatening to impose 25% tariffs on products from canada when he takes office, some investors and economists are concerned about the impact that could have on our trade. joining us now to discuss is doug ford, the premiere of ontario and leader of -- i did not know this was a thing, the progressive conservative party. what does that mean? >> we are pcs. i'm a staunch fiscal conservative. i believe in putting money back into people's pockets, tax breaks. we have never raised a tax in

the last 6 1/2 years, put a tax on. we reduced taxes by $8 billion. off the backs of companies to make ourselves more competitive. we reduced taxes for people, too. very simple theory. you put money into people's pockets, and they will stir the economy. i believe what president trump is going to do by reducing taxes, that's what stimulates economy. when you reduce taxes on businesses, they reinvest into technology, into the people and the infrastructure. that's what we are doing in ontario. >> prime minister trudeau took a trip to mar-a-lago to try to explain to president-elect trump the daniel mage if we put tarif canada. is there a better case to be made? should the tongue in cheek comment that canada should become the 51st state if it doesn't want tariffs have truth to it? >> when it comes to trade, we do

$1.3 trillion of two-way trade with the united states. that's more than china, japan, uk and france combined. we are the closest ally and friends over many generations, over accept centuries. we are stronger together. i listened earlier on to ron. you need energy. who has energy? ontario has energy. we are nuclear energy leaders in the world. we are building small modular reactors. who we would love to give our energy to, which we do now? the u.s. we ship energy down to michigan, over to new york. so does quebec. alberta ships 4.3 million barrels a day. you start tariffing that and the american public is going to see an increase in gas by $1 a gallon. all i'm saying to the president is, we aren't the problem.

china is the problem. mexico is the problem. china is shipping parts and cars over to mexico. mexico is slopping on made in mexico stickers, shipping them through the u.s. and into canada costing u.s. jobs. . we are there to strengthen the relationship. i say 9 million americans wake up every morning to produce products that are shipped up to ontario. we are the number one trading partner, number one export destination to 17 states. number two to 11 other states. >> interesting. >> it seems, premiere, that, again, everyone says tariffs are a negotiating point. how would you react -- the border seems like -- fixing the border should be relatively easy. canada probably needs to pay more to the defense. that's certainly a negotiating point. i hear things -- i ask friends and they say you are very far

north. do you think you are willing to do that in a tradeoff for not having tariffs. >> we called for a meeting. we will hold his feet to the fire. i'm sure he will come back. we are meeting him at 4:00 today. the chair of the federation -- we will secure the border. we mentioned this before president trump -- or president-elect trump got elected. we were telling him about the border. we need to meet our nato commitment. we are 1.4%. put that aside. ron, i agree, we can fix it. there's no closer trading partner than ontario and canada as a whole. we are not a threat. take our energy off the list there and our trade, $500 billion, a two-way trade every

year, with the u.s. and ontario alone, split equally down the middle. we were a big auto province here. 50% of the parts that are produced either at a plant here in ontario or michigan, they are coming from the u.s. it's going to hurt the supply chain that's been around since 1960. it can go back across the border before it gets assembled in a plant in the u.s. or in ontario. we are so much stronger together. i can't stress it enough. it's going to hurt canadian jobs. i can assure you, it's going to hurt american jobs when they don't have their number one destination to export to without being tariffed. >> you think of ontario and its proximity to the manufacturing bases in michigan, ohio, illinois and so forth. a lot of those parts, as you just said, move back and forth

across the border multiple times during the production process. if you put tariffs on at each iteration, you end up with a more expensive end product. >> yeah. i always say, if someone in texas is buying a pickup truck produced outside of toronto, at the gm plant, they are paying $60,000, put tariffs on that, that's $75,000. it's hurting the american people. it's hurting the canadian people. why the president is doing this is beyond me. again, let's focus on mexico. mexico has to make a decision. either with beijing or they are with washington. i can tell you where canada is with. canada is with washington. >> you are saying, premiere ford, there's no way if we put tariffs on chinese goods they're going to backdoor them through canada? >> absolutely. we are the ones who put 100% tariffs on chinese vehicles. i think 25% on parts. we will continue tariffing

anything coming from china. that's where the problem lies. again, shipping chinese cars and parts into mexico, mexico is slopping a sticker on and shipping them up through the u.s. and canada. they do not deserve a seat at the table. i would rather prefer to do a bilateral trade deal with the u.s. if mechl xico wants to do one separately, so be it. >> we need your oil and gas. get the nato thing fixed. get the border thing fixed. make a deal. >> ron, i agree with you. maybe i should have you sitting at the table with me. the critical minerals to build the military, we have the largest mining sector in the entire world. when you need your lij thium, w have cobalt. i will tell you one thing, i will sell them to the u.s. and support our closest ally and friend.

there's no better country -- two countries in the world than canada and the u.s. i spent 20 years in our chicago facility in the u.s. and our new jersey facility. i love the u.s. i love the american people. i talk to congress women and men every day, senators, governors. >> if you like us, you are welcome to join us. >> come on down. >> as i said before, i think president trump still is ticked off about the war of 1812 when we burnt things down. >> he has a long memory. premiere ford, thank you for making the time. it was interesting to speak with you. we really appreciate it. >> any time. let's get to julia for an update. >> fbi director wray is resigning as president-elect trump prepares to take office.

wray told fbi employees that he will step down at the end of the current administration. the commissioner of the nypd says the gun found on the suspect in the killing of unitedhealthcare brian thompson matches shell casings found at the scene. luigi mangione faces a murder charge for allegedly killing thompson in new york city. sources tell nbc news the 26-year-old had a notebook that mentioned wanting to target a ceo at a conference. abc announced the oscars will steam live for the first time ever on hulu. it will air live on network and in addition to the live offering on hulu, it will be available to stream on the platform the next day. conan o'brien will hold the kad academy awards. >> thank you very much. up next, ploring the financial space. the p tofinancial picks in

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welcome back. let's give you a check on the

markets. very slight gains, except for the nasdaq which has gone above 20,000 for the first time, up nearly 2%. 1.82%. the others basically flattish. the s&p 500 close to 1% higher. dom chu joins us. >> we are not looking at the big tech. we are checking out the financial sector. like everything else, technological, political disruption could come quickly next year and beyond. which names are the best position to get any higher in 2025? joining us now, fresh out of the two-day goldman sachs financial is mac bellio. listening to the chief executives, what stood out to you at the conference this week?

>> we heard from a number of industries within financial services. i would highlight a couple. bill ademcheck presented a plan and he said it's the most robust in many years. that includes tailwinds in terms of nai. that was very bullish from him. secondly, in the insurance business, i listened to a conversation with wr berkeley. continued progress in the insurance business. they are doing roes 18% to 0%. we see very good value there. american express, one of my favorite ceos. there's a firm trading below market multiple and growing eps at 15%.

>> you will tell your traders to do stuff. what's the trade in financials for 2025? >> i think we are jumping off a good point in terms of the asset levels. the industry is up 35%, up 50% in etf. we find values here and opportunities as i mentioned before. i also think that there's going to be tailwinds in terms of capital markets next year. so that will power the markets and lift rates even -- or lift returns further. i think everybody will be excited to get back to work after january, especially in capital markets. >> there you go, capital markets trade. thank you very much. happy holidays. see you soon. >> thank you, dom. treasury yields are on the rise following the cpi report. we will get a read on the bond markets when "power lunch" returns.

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high today, trading above 20,000 for the first time. it crossed about 10,000 four years ago. this morning's inflation report contributing. many think the fed has a path to cut rates next week. let's get to rick santelli in chicago. it's interesting to watch rates backing up as the market odds remain high. >> today has been a strange day. the market seems to be doing exactly the opposite, like a seinfeld episode. at 8:30 eastern, warm cpi. 3.3% year over year. doesn't sound like it's in the zip code of the fed's 2% target. look what happens at 8:30. rates move down. then as the day progresses, you see rates popping. that was after a solid ten-year option. the opposite affect. matter of fact, if you go back to friday, left side of the next chart, rates went down on a good jobs report.

they have gone and stacked every day since, meaning we had a higher high on monday than friday, higher high on tuesday than monday. today, a higher high than yesterday. if you look at the other big dynamic, two to ten spread, steepen dramatically. it did what one would expect on warm cpi. what's more, if you go to a week to date on two and ten, it popped on the left side when we had the jobs report. when you spend 87 billion in one month to service the debt, besides the entire economy of panama, long rates are stubborn. >> all right. thank you very much. cy's forced to trim its profit outlook after an employee plot to cover millions in expenses. we will trade macy's in "three stock lunch" next.

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the chief market strategy at miller taybeck is here. macy's reported this morning. revealed the results of the internal investigation into accounting errors from a former employee who hid $150 million in expenses. shares are down 2%. today down 18% year to date. are you a buyer? >> you know, i maybe want to try a flyer on this stock. it's very cheap. pays a nice dividend yield. a rogue employee. how could you let this happen? we have a new ceo. he came in in the first quarter. they have caught it. seems like they will turn this around in terms of the accounting issue. on the retail issue, the new 50 stores development -- sorry, the revenues from those are starting to pick up. if they can expand that out, it's going to be a nice play. it's been a long time to turn

this ship around. i'm a little cautious. a small flyer, not something with both feet. >> where does a rogue employee fit in your risk profile, the thing u.s. s you think about? >> it's what we think about, 10,000 people and every town of 10,000 people, you usual ly hav a church, a bar and a . in macy's case, it was rogue. the market worries about, is this a one-time event? are your controls weak in other areas? it will take a while to get back that market confidence. >> this is something you watch for, obviously. >> have to. absolutely have to. unfortunately, there are people in the world that don't have good intent in any business anywhere. >> next up we got mondelez.

takeover interest in hershey seems to be a long shot. what do you think here, matt? >> i think that the stock is bouncing back nicely off of the news. it didn't seem like a great fit for them to begin with. some of the ones that they -- the add-ones, they refer to them as bolt on. smaller companies that could enhance other businesses that exist. this was a new thing. the fact that -- i don't think they will chase hershey now with this buyback they announced. i do think on a short-term basis, the stock was very oversold. it is bouncing back nicely. if it can break above 66 level, the 200 week moving average, it could fly here. on a longer term basis, i'm worried about processed foods and pricing there. i don't know if it's a good long-term holding. for a year-end rally, this will bounce. >> quickly, do you see -- if there were more deals to come next year, is your pipeline

telling you this could be the first of many? or an isolated case? >> i think -- i don't know the industry very well. from what i read, they had a conversation that both stocks have been hammered. it doesn't seem like this is going to happen. i don't know anything. >> let's move to broadcom. they are working with apple to develop a chip for ai processing. shares are up 64% year to date. hang on to this? >> yes, i do. it's funny because it's been -- more recently, outperforming the two big heavyweights, nvidia and tsm. it's pumping -- i'm sorry, bumping up against all-tie highs which is an ascending triangle pattern. if it breaks above this, at the same time -- technical side, at the same time, it gets good fundamental news with the joint venture with apple, this is a stock that could really surprise people to the upside over the next couple of weeks and into 2025.

>> all right. >> broadcom, people want the next nvidia. broadcom will use specialized chips. we want specialized large language models. broadcom connects these together. when you look for the next trillion dollar company, this company -- >> it's a better investment for you. that kind of chip that does a specific function as opposed it one that does all functions. >> we don't need to search the internet for something. we need to take our data and be specific to it. that's what they're doing. that's what i think they're trying to build with apple. this is a good play. i don't think a lot of people know about it. >> matt, thank you very much. remember this. remember one thing from this program, you can always hear us on our podcast. follow and listen to "power lunch" wherever you go. grocery ste,or hardware, anywhere.

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welcome back. let's get final thoughts from ron. let's go back to the shooting last week. you were in rning. my question is, as a ceo, have you changed in any way your security protocols? do you travel with security? do you have bodyguards who accompany you on the street? >> i came out here by myself, as you know. i don't. we have security, but i don't travel with security. that was -- does this change your mind? >> my board is talking about it. you can't live behind bulletproof glass. that's how i feel. you have to conduct yourself

appropriately. this was a random event. it's very concerning. what i think all business leaders have to be aware of is that besides the senseless shooting, which it was senseless, there is a level of anger in the populous -- >> there is. >> that it was occupy wall street in the financial crisis. now it's health care. we need to be aware. personally, i'm more aware of my surroundings. i'm just -- >> when you walk out on the street in manhattan, you are -- maybe your head is more on a swivel? >> how can it not be? i don't think anyone knows who i am. no one knew who he was either. it was very random. >> any business of scale, whether financial services, health care business, energy business, can have an angry, disgruntled customer or employee. >> yeah. >> there are a lot of angry people in america. >> you have to do right by people and try to do the right

thing and live your life. that was -- i feel for the family. i really do. >> i can't believe you were there that morning. >> neither can i. i walked out into a crime scene. i didn't realize it. didn't know what happened. walked right through it.through. >> eerie. >> great to see you. >> have a great holiday. >> we enjoyed having you here. >> come back soon. >> thanks for a great hour and thank you for watching "power lunch". >> "closing bell" starts right now. >> welcome to "closing bell." >> i'm scott wapner at the new york stock exchange. surging tech has taken the nasdaq to a place its never been before, above 20,000. that milestone reached as apple and amazon and alphabet and meta and tesla and netflix all hit new highs today. in just a second, we'll ask tom lee how high stocks could fly in the new year. he'll join us