it's 5:00 a.m. here at cnbc global headquarters. welcome to "worldwide exchange." here's your "five@5." futures are lower this morning after nasdaq crosses 20,000 for the first time. ahead, we break down the ride to 20,000 and what it will take to reach that next milestone. first, it was artificial intelligence and now the latest craze sweeping wall street. quantum computing. the fed and now two other central banks in europe. tracking the trump trade. the ceo of one company that will add to the impressive

post-election surge. it is thursday, december 12th, 2024. you are watching "worldwide exchange" here on cnbc. ♪ good morning. thanks so much for being with us. i'm frank holland. let's get you ready for the trading day ahead. we kick things off with the check of u.s. futures one day after nasdaq crossed 20 k for the very first time while the dow riding a five-session losing streak. in the red across the board. all three ces down a quarter percent. the s&p and dow along with the nasdaq. we are keeping a close eye on the mag seven in the pre-market after that group collectively added $416 billion in market value yesterday. take a look. nvidia falling .50%. apple, alphabet and tesla in the green in the pre-market. tesla among the best up

over .50%. the gain more than the entire market value of bank of america, salesforce p&g. this is interesting. we saw bond yields move to the upside. the benchmark ten-year moving eight basis point higher. we get november ppi out before the opening bell. we turn back to the market and nasdaq crossing the 20,000 mark for the first time ever. the index rising from 10,000 to 20,000 in 1,645 days. quicker than the 7,400 days from 5,000 to 10,000. the latest milestone, you might be able to guess, nvidia up more than 1300%. super micro not far behind followed by tesla and broadcom. all of them up more than 400%. you are not reading this wrong. big upside moves for the names.

let's bring in craig johnson at piper sandler. ood to see you. >> good to us from 10,000 feel solid theme. these are great companies. i feel the market will broaden out beyond those names. the reason i say that, frank, if you look at where this bull market started in october of 2022, you will see the best names in the s&p 500, two of them were the mag seven. that was nvidia and meta. there were a lot of other stocks that helped and a lot of industrial companies that pushed beyond the mag seven companies. >> fair enough. i want to get to the names that got us from 10,000 to 20,000. tesla up over 4810% over that time. we have seen a surge in the mag seven, but tesla is showing

leadership. nvidia has been a laggard. when we look at the stocks going forward, are you bullish on the names? do you see a lot of opportunities there? >> in terms of the basket of the mag seven, i feel these are great companies. there is still some upside to the companies which i think is going to help the market continue to keep working its way higher. i just think if you are trying to find the fastest race car here n the track, i'm not sure that you will get the best relative out performance technically speaks, frank, from those names, as you get from other names such as twilio and other small-cap names that are setting up for significant moves higher. keep in mind, frank, palo industries, over the same period of time off the october 202 2 lows out performed nvidia. i'm seeing it across the board from the technical perspective. the inflation point since july

of 2024, we really have seen small mid-cap stocks perform. that is the theme you will hear in 2025. >> we are talking about themes. we are talking about the a.i. theme. something else, craig, the quantum computing thing. we had sylvia jablonski with the pick in the space. we will talk to her in a bit. if you are looking at quantum computing, do you believe that is a driver for the market going forward or is this a temporary craze after the alphabet news? >> i think alphabet has proven the quantum computing is real and some of the bigger plays on, this the two biggest ones, i would say is alphabet and the second one is ibm. those are the two larger cap plays that investors can participate in the quantum computing. keep in minds, it will take a number of years before they can really start to deploy those quantum chips in a much bigger

way. i say five years away before that really starts to happen. >> craig, you came to us with the pick. twilio. the communications services business. hey empower text messages and things like that. why are you bullish on that name? you mentioned it is in the smid cap area. is this a new administration play? why now? >> frank, when i look at all of the charts across the market, i'm looking for the best opportunities out there. when you look at the weekly chart on twilio, this is the stock well off the highs. it is starting to look like a meaningful turn around. management is conservative according to our analysts. it seems like it is a turn around play here. when i look at the objective of where i think twilio can go, i see upside of 187 based on the charts. i think that is a stock that will out perform the mag seven stocks looking forward over the

next 12 months. >> 187. i'm doing back of the napkin math here. craig johnson, your pick today is twilio. thank you very much. great to see you. >> thank you, frank. a busy day on wall street. nasdaq crossing 20,000. it is a busy day around the world. silvia amaro is in london with the early action in europe and jp ong in sin singapore. jp. >> reporter: the tech stocks are taking notice and on the back of the nasdaq crossing 20,000. who doesn't like the prospect of the lower rates from the federal reserve? cheering the possibility if it happens next week. the nikkei 225 touching 40,000 earlier this morning for the first time since mid-october. softbank is among the gainers. keep in mind, the weaker yen is

providing oomph in the nikkei 225 with the solid intraday gains. you look at the tech sector and it lifts the kospi. the top gainers in the kospi. there is still a political uncertainty in south korea after the president yoon declared martial law last week and he was planning to stay on iantly and will not resign generating more political uncertainty. that did little to bent the kospi. the tech stocks doing a lot of heavy lifting for the seoul benchmark in the thursday session. the hang seng tech index is the out performer n hong kong and providing a boost for mainland chinese stocks. keep in mind, there is hope of fiscal and monetary support for the chinese economy as the economic working conference goes on in beijing which could yield the policy support, but keep in mind, we are also looking at the

weaker chinese yuan after beijing may consider devaluing the yuan in the coming days. this sets up a picture for the chinese markets toward the end of the year. frank, back to you. >> jp ong in singapore. we go to europe with silvia amaro and two key central bank decisions, silvia, you will cover all day long. what are we seeing the markets first? >> indeed, a busy day on the central banks. how the european bourses are moving. we are green across the board. actually, i want to take you over to switzerland because we heard from the central bank there. the smi at this stage is actually up .20%. we are seeing gains giving up a little bit compared to what we had earlier today. indeed, we heard the central bank announcing a surprise 50-basis point cut. they went for a bigger cut rather than what analysts were

expecting. that is providing a little bit of a boost to some of the swiss equity names. now, that's on the swiss front. we're also going to hear from the european central bank. they are due to announce the latest rate decision in three hours time. a cut is almost certain. the only question is how deep. the traders are pricing in a 20% chance of a 50-basis point move lower from the ecb. so the main expectation is they will cut by 25-basis points. let's see what's going to happen. at this stage, the euro/dollar is 1.05. let's see whether the announcement of the decision and the new economic forecasts, i should say, could actually change and tip the balance of the euro against the usd. >> i know you will cover that later today. a busy day for you in europe. thank you very much. we have a lot more to come

on "worldwide exchange," including the one word that investors have to hear today and the stock pick that every investor needs to know. first, we breakdown one of the hottest trades on wall street and one etf that caught the wave early. plus, the one chip stock closing in on nvidia's turf. seema mody will be here. and call it the largest transfer in history with $1 trillion expected to be passed down in the next decade. what it means for wealth and one industry looking to get a piece of that action. very busy hour still head when "worldwide exchange" returns. stay with us.

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welcome back to "worldwide exchange." quantum computing may be the hottest trade on wall street since alphabet broke the mold on monday with the willow chip. it is not just google. optimism lifting other names like rigetti computing and d-wave. look at these three month gains for those names. you can see right now ionq up 296%. wow. d-wave up 300%. rigetti up more than 700%. joining me now is sylvia

jablonski. she owns quantum computing defiance sylvia, we have to give you flowers. the ionq is outperforming a bit. you are ahead of the curve. where do you see the quantum computing trade going from here? >> good morning, frank. i remember when you asked me about this etf and quantum stocks in march. we had high conviction. it is like a.i. a.i. and machine learning is something we were talking about with the fourth industrial revolution. willow is kind of that moment for quantum computing stocks. you have a big player like google that comes out with a high story with willow and capabilities, it propelled the

holders of the names in the quantum space. it's growing. there's a lot of reason for it to grow with the machine learning. you need super computers to process the data to make all of the things that a.i. and machine learning will do. drug discovery, for example, material science, calculating correct risk at banks and driverless cars and cybersecurity. you name it, quantum computing has a role there. >> it just does everything according to you. i want to go back to your pick in march. ionq. give us a sense. we had the ceo on the show. why are we bullish on the name and how much upside do you see going forward? >> i would liken it to ionq or d-wave or rigetti computing, i feel these are the top three smaller less known quantum computing stocks. they provide processing capabilities and give you access through quantum through cloud

and software and hardware applications. we put them in the etf with ibm and google so you have the call quality balance sheet. if you look at the quantum space, it is about $1 billion. we thought it would be $700 million. it will be three to four times that in the next four years. if you think about the stock prices and where they are on the names now, you see that pulling forward at a similar compounded annual growth rate. >> you don't think the investors missed the wave? >> not at all. >> that's a great answer. a very clear answer, sylvia. you sent us notes. you believe there is a quantum trade coming up. nvidia's earnings are an inflection point. why are they so connected? >> it takes semiconductors to power the applications. a.i. and quantum computing work

in tandem. a.i. is kind of the brain and gives you the results, but quantum computing has to work on the data. it has to process the data. scour out all of the data. i think once nvidia earnings came out and you see the growth and progress of a.i. machine learning, what was behind that is quantum computing and it was the first time prior to google willow that came into the market with the big broad based tech companies in the market. i think it is showing light on quantum computing and then, ibm, obviously, coming behind it with the eagle quantum and willow because alphabet is well known propelled this forward. >> sylvia, i imagine we will talk more about this. >> i think so. >> a lot of inflow into the etf since the news came from alphabet. i'm sure a lot of people will look into the etf.

we noticed google was a small holding in the etf. now it has become a headline type of thing that a lot of people are focused on. >> we try to make it an equal weighted fund. we try to mix the large quality balance sheet companies like google and ibm and nvidia is in there with the pure plays. so, the idea of this is we really want to deliver a pure play quantum etf. we want you to see more rigetti could hear especially and d-wave and ionq. some names you never heard about. they are on the forefront of quantum computing. you need the balance sheet behind it. you need a backer and mom and dad are like google and ibm in the space. we feel it is a perfect mix. >> sylvia jablonski. are you you are a head of the curve. up more than 200% since then.

the quantum computing etf out performing. looking forward to talking about this. >> thank you, frank. coming up here on "worldwide exchange," your big money movers in the tech stock fainilg to ride the a.i. wave. we'll show it to you. stay with us. at betmgm, everyone gets a welcome offer. so whether you're courtside trying to hit the over... or up here trying to hit the under. whew! or, hitting that win with your crew. ohhh! yes, see defense! or way up here with a same game parlay. yaw! betmgm's got your back. get your welcome offer. and play with the sportsbook born in vegas. all these seats. really? get up to a $1500 new customer offer in bonus bets when you sign up now. betmgm. download and bet today.

up more than 26% this year. i have my conversation with the ceo on the opportunities that he sees around the trump tariffs

and artificial intelligence. tomorrow, i'll speak with bozeman on "squawk box" at 7:30 a.m. and trillions of dollars set to be passed down over the next two decades. robert frank is joining us now with the record surge. robert, i hope to get a piece of this. could i get $1 trillion? >> just a trillion. not much to ask, frank. more than $124 trillion, in fact, expected to be passed down from older to younger generations making it the largest in history. $18 trillion going to charity. rest to spouses and family members and children. gen x is the biggest beneficiary in the next ten years and then millennials stand to inherit $25 trillion by 2028. those with $5 million or more.

estimates for the great wealth transfer keep going up thanks to rising stock market and flags and increased wealth. $2.5 trillion will be passed down. that will go up to $4 trillion by 2026 and $5 trillion a year will be passed down to lower generations by 2040. by the way, women will control a lot more weth in the wealth in . almost half of the $1 trillion passed down will go to women. frank. >> that's really interesting. we keep talking about the great wealth transfer. it is great to put numbers on it. robert, i think you said $18 trillion is going to charity. is that for tax purposes or people putting money toward their passions and causes they believe in? >> what is interesting about the report is that it's pretty consistent across all wealth groups that people give about 5% of their total wealth to charity

over their lifetime. that's pretty consistent and why do people give? people give as you say, out of their passions and concerns and issues they care about, but also taxes are part of that. we will see as part of the up coming congressional talks that affect charitable giving. that is a big part of the extensions of the 2017 tax cuts. >> robert franks, thank you very much. we are watching bank stocks this morning. the consumer financial protection bureau capping how much they can charge customers for overdrafts. not a lot of movement in the banking sector. fractional moves and pnc financial up .75%. under the rules, the banks can charge a flat $5 fee or treat it as a loan and disclose terms. the agency says the rule would

save customers about $5 billion a year. coming up on "worldwide exchange," an exclusive with the ceo of osi systems. the stock surged 30% since the election and bank of america says there is more room to run. if you miss us, you can follow us on our on podcast through spotify or our podcast apps. we'll be right back. awkward question... is there going to be anything left... —left over? —yeah. oh, absolutely. (inner monologue) my kids don't know what they want. you know who knows what she wants? me! i want a massage, in amalfi, from someone named giancarlo.

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we are in excitement of the market of a.i. where we are addressing several hyper scalers. these hyper scalers have very strong incentive ambitions toward continually building and investing. we are right in the forefront of enabling the few hyper scalers to invent and essentially start building out this large a.i. clusters and this is the road map for the next three-to-five years. >> back in september, talking the importance of hyper scalers. after the close today and looking to erode the dominance held by the king of the semi space. of course, we're talkingnvidia. welcome back. i'm frank holland. we are talking about how

broadcom gets a leg up. we talk about the nasdaq and crossing the 20,000 mark. a bit of a pull back in the red across the board. s&p down 9 points. nasdaq down 50 points as well. we're keeping a close eye on mega cap tech after the group collectively added $416 billion in market value yesterday. more than bank of america, salesforce or proctor & gamble. it took just 1,645 days to go from 10,000 to 20,000. much quicker than 7,400 days from 5,000 to 10,000. the biggest gainer s helping to push over the milestone.

nvidia up more than 1,300%. super micro and tesla and broadcom and palo alto. all three of those up more than 300%. let's get a check of the top corporate stories now and including one of the final majors here in 2024. silvana. >> servicetitan is set to go ipo. pricing shares at $71 a piece after previously raising its range to between $65 and . service titan is valued at more than $6 billion. we are watching shares of health insurance and benefit managers with unitedhealthcare and cvs and cigna this morning

after falling 5.5% yesterday on the new bipartisan bill aiming to break up the companies. the bill would force them to divest their pharmacy businesses within three years. we are seeing shares just moving fractionally in either direction before the open. microsoft says it expects to face an $800 million charge in the gm cruise unit. microsoft took a stake in cruise in early 2021. in the regulatory filing, the tech giant expects 9 cents on second quarter earnings. frank. shifting gears a bit. returning to broadcom reporting after the bell today. that stock up 10% since the last report. investors are looking for insights on the partnerships for

the bottom line. seema mody joins us now. how important is this stealing market share and business from nvidia? >> reporter: it may seem difficult for any company to compete with nvidia, but how about two companies? that's what openai and meta and amazon are doing. they are betting on that by partnering with broadcom. each company is in the process of building in-house chips they hope will rival nvidia. even apple, frank, is working with broadcom to design a cutting edge chip and it is expected to be released in 2026 according to the report from the information. it is a significant move as all of the hyper scalers remain dependent on the nvidia models driving nvidia sales and soaring stock price. analysts say high prices are a sticking point for companies that buy nvidia chips. that is an interest in

developing alternatives. did it is not easy to do that. nvidia has the advantage and the best talent to produce faster and powerful chips beyond blackwell. when broadcom reports, it will provide the progress and working with silicon valley and when an nvidia competitor could really hit the market, frank. >> looking at the charts, i'm looking at broadcom since the election, it support 5%. it is out performing the sector. >> reporter: frank, semiconductor stocks started the year with a bang. since, there is a concern with the future of the chips act. president trump has been critical of the chips acts. that story has yet to play out

until he gets in the white house. and the concern of tariffs with the negative impact on the broader sector where some could fare better. those are the two reasons why some semiconductor stocks have under performed. add to that nvidia's report did not excite seema mod y, thank y. coming up, the best performing stock on the s&p 500. palantir. that comes with a warning. that's when "worldwide exchange" returns. stay with us.

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welcome back to "worldwide exchange." time for the morning call she'd. palantir with the buy rates. baird providing caution with the rally. they are worried about some of its valuation when it comes to that story. another initiation from hsbc from roblox. the outlook is turning with the expanding market potential and rollout of ads. key bank downgrading key bank to sector weight. time for the global

briefing. the european central bank will hand down the final rate of the year at 8:15 a.m. the central bank is expected to issue a 25-basis point rate cut rather than the jumbo 50-point move that was previously expected. ahead of that decision, the swiss national bank exceeded the expectations of the smaller cut. bloomberg is reporting that nvidia is stepping up around electric vehicles. china announced the probe in nvidia over anti-trust violations. speaking of china, cbs is reporting that president-elect trump invited xi jinping to the inauguration next month. xi's possible attendance would be unprecedented as no chinese leader has attended an inauguration of a u.s. president. coming up on "worldwide exchange," the one word every investor needs to hear and stock pick every investor needs to know. why this potential stock

pick is a winner from the previous trump administration. thcee o of osi systems joins us next. we'll be right back.

welcome back to "worldwide exchange." since the donald trump november election win, it has been full steam ahead for the markets. bank of america is highlighting a new name up 40% since the election and says there is more room to run. that company is osi systems.

what is now a $3 billion company and makes imaging equipment at airports and sporting events all around the world. joining me is the ceo founder deepak chopra. >> good morning. thank you for having me on the show. >> have you seen more interest in your products? have you seen more demand? what's been the change? obviously analysts at bank of america are bullish on your company. >> you know, for us, i would say yes that is the talk going on that trump administration is going to look at the border security and stuff. really agnostic with the previous administration and trump administration coming in. both of them have been very, very focused on border security at the ports and border crossing and stuff, but there is a lot more talk about it since

president trump has come in and he will make it clear that the southern border and northern border need to be focused on it. both sides, as you know, on the mexico side also, there's a tremendous amount of interest that if you want to do the right thing, basically, you have to look at coming into the u.s. mexico is also concerned after that backwards, money and guns goes back to finance the current cartel. both sides are looking to increase and think we are well placed here. >> i looked at your chart since the election. we have had recent events with the ceo shot in new york city. have you talk of entering and

leaving the buildings. security is not the only thing. there are companies like fedex and google and all these people are looking at doing inspections to make sure that product is not lost which is revenue related. >> you are also in the healthcare space. we mentioned x-raies. you have seen a lot of growth in healthcare and less regulation in healthcare. specifically for the healthcare business, is that a tailwind for you? >> i would think so. we are in the patient monitoring

business. it is about 10% of our revenue. we are focused on to it. even that in that area, as the costs go up, there is a lot of interest on what we call control screening where we can just like the security that you are looking at the airports, we can build the same thing in healthcare to monitor hospitals remotely so we can give the data to the nurses and the other doctors say patient number 14 needs the alarm going on. that can make it more efficient and that model is of interest to us. >> deepak, i was just looking through it before the show. analysts bullish. if you go down deeper, the trump administration is a double edged sword. what percentage of ponents do you import? how reliant are you on

production? >> good question. definitely we are looking at it. obviously, no decisions have been made. i would say we are in a better position than other companies. we are moving in mexico, we are manufacturing in the u.s. and europe and in a friendly place with the u.s. and asia in malaysia and india and in bhutan in india. besides tariffs, there is a lot of move away from china and the electronic businesses we do. customers are asking can you get us manufacturing locally. the answer to your question is yes. we have less exposure to tariffs and we sell lso, but sell to friendly countries. i would say we don't know the specifics, but definitely we are looking at it. we are less exposed. >> deepak, one last question for you. how does a.i. affect your

business? a lot of talk about the disruption of a.i. in the healthcare space with diagnostics and things like that. how does a.i. impact your business? a lot of your equipment is based on humans with a look at healthcare and screenings. does a.i. enhance your business or a tailwind or change your business? >> good question. we think it is a positive. when you think about it, the experience you have going through the airport, there's a lot of crowds, but it can get better if there is a.i. so for example, your image recognition and your back ground and your face are all looked at by a.i. and this is not important. we checked. only selected people get checked and bags get checked in the same way with the hospitals going in and out. a.i. helps us. we are very much involved with a.i. and a lot of investment going into it. >> deepak, serious question. can you do something to keep my shoes and belt on?

it is a pain. can you do something about it? >> the answer is yes. there is new technology coming up. absolutely you can keep your belts on and your shoes on and you can move faster. >> that's the best news i heard all day. >> facial recognition will look at it and it ties up with your bag and you will go faster, definitely. >> deepak chopra, that's the best news i heard all day. thank you very much. >> thank you very much. we look forward to the future. coming up on "worldwide exchange," a stellar year for wall street. our next guest is looking outside the u.s. for opportunities. if you miss "worldwide exan,"chge check us out on apple or spotify or other podcast apps. stay with us after this break.

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welcome back to "worldwide exchange." as we close in on the 6:00 a.m. hour, here are the stories we are watching. adobe shares fall on weak guidance. adobe is the biggest drag on the s&p ahead of the open. also the second biggest laggard on s&p is nordson. issuing weak guidance for the year and cautious consumer

spending. shares down more than 5%. the world's richest person making history. elon musk's net worth has reached $40 4 0$400 billion. his wealth getting a bump from the insider share sale from privately held spacex. and meta donates $1 million to the trump fund after mark zuckerberg met with the president-elect after years of tense relations. trump is expected to ring the opening bell at the new york stock exchange today. the nasdaq coming off the milestone crossing 20,000 for the first time ever. the futures are in the red. similar picture right now. the s&p down just about ten points. nasdaq down 5 points right now. let's bring in courtney garcia. courtney, good morning.

good to see you. >> good morning , thanks for having me, frank. >> what should we make of the big board after crossing that milestone? that is a sign of bullish in the market. >> it is just that. when you have such a huge surge in the markets all year here and you hit the thresholds, you will see a pull back here. i don't think it is anything to be concerned about. the markets are still well positioned. gdp is growing and revisions are going upwards. earnings are coming in very strong. i think the question is where you are putting your money right now. broadly speaking, the markets are really set up not only for a good end of the year, but for a good to 2025 as we move forward. >> you mentioned this, cpi came in for headline and core. what do you make of that? is that a sign of something to come? it came in as expected, but we saw yields move higher? >> this has happened since the day the fed started lowering interest rates.

you see term rates rising. they don't believe the fed has inflation under control. you are seeing that with the cpi numbers. they are not coming down to the 2% target. this realistically is something they have to address. more important than what is happening next week, at this point, there are 100% odds of them cutting again, but what is the tone? will they be hawkish moving forward? rates may not come down as fast as we hope. inflation can be a pressure. that's where commodities can absolutely be an important part of your portfolio. listen to the bonds markets. >> i want to get to your word of the day. it is interesting. we may come up to what people call a hawk ir ish cut. what is the word of the day? >> the word of the day is

broaden. a.i. has continued to be the story. as you look at it going forward, they have high capital - expenditures. you want to start to look at all of the other areas of the market. small caps have been talked about. you look at foreign companies and commodities and energy and pipelines. there is a lot of opportunity here. this is a broadening. as you approach the end of the year, this is the time you want to look at the portfolio and figure where to rebalance and take advantage of the trends. shift is going to be happening. >> courtney , if the rate cut path is changing the small caps, do you want to change the narrative? >> the fed is cutting next week. shorter term rates have been coming down to benefit small caps. plus, with the trump administration, small caps and midcaps are better positioned

because of the protectionist stance where they are focused in the u.s. as opposed to broader exposure. some tariffs come into play and retaliatory tariffs potentially can affect the smaller caps. >> let's get to the pick. what's your pick for us today and why? >> our pick today, we have several picks which i touched on, but small caps we already talked about. foreign companies are something we are continuing to look at here. this is something that i think china has been the focus and it has taken a lot of investors out of broad. you are starting to see stimulus there which will hopefully come to fruition. when you look abroad, china is not the only story. that is a portion of the emerging markets. think of the biggest companies like novo nordisk and taiwan semi. these are the same trends in the u.s. you want to take advantage of the lower valuations.

>> courtney, thank you very much. your pick with the etf, acwx. everything but the u.s. courtney garcia, thank you very much. one more quick look at futures in the red across the board. that will do it for us here on "worldwide exchange." coming up, we have "squawk box." thank you very much for watching. have a great day. good morning. tesla shares hitting a record high. almost $1.4 trillion for an automaker. elon musk's net worth, meanwhile, first person ever above $400 billion. new bipartisan bill seeks to break up big insurance companies. we'll tell you how it will work and which companies would be effected. and servicetitan is set to make its public debut on the nasdaq. co-founders will join us live before the opening bell.

it is thursday, december 12th, 2024 and "squawk box" begins right now. ♪ good morning, everybody. welcome to "squawk box" here on cnbc. we are live from the nasdaq market site in times square. i'm becky quick along with joe kernen and andrew ross sorkin. and so far this morning, it looks like the futures are under a little bit of pressure. right now, dow futures down 90 points. s&p futures off 9 and nasdaq off 50. when you see the gains from the recent months, it is not much anything. nasdaq closing at 20,000 for the first time ever. we have more on the tech gainers in a moment. if you look at the mag seven, the massive amount of gains in mag seven in one