it's 5:00 a.m. here at cnbc global headquarters. welcome to "worldwide exchange." here's your "five@5." president-elect donald trump at the new york stock exchange as stocks look to cap off a wild week. broadcom is helping in a big way. lifting the chip sector higher and out with a bang. the ipo market getting an 11th hour boost as shares of servicetitan surge. and dock work ers in the

labor dispute. the price for the cabinet sheet. the numbers some shelled out. it's friday, december 13th, 2024. you are watching "worldwide exchange." here on cnbc. good morning. thanks for being with us. i'm frank holland. let's get you ready for the trading day ahead. we kickoff with the stock futures. the dow riding a six-session losing streak. the nasdaq closed below 20,000. it is on track to get above 20,000. up over .50%. the dow would open 100 points higher or a .25% higher. the s&p a .25% higher. let's look at the week to date action. the nasdaq remains the sole gainer on the board. s&p down .50%. the dow down over 1.5%. the nasdaq holding on to gains tech very much in focus ahead of the open with shares of broadcom

surging and lifting the semi space much more on that in a moment. let's look at the pre-market moves. broadcom up 15%. down here with marvell up 6%. vaneck, popular and widely followed with the chip sector. up almost 2%. we have to check the bond market after the hotter than expected ppi report. the ten-year, i'll move this circle off. it's at 4.33. you see an upside move post cpi, came in line for core and headline, bond yields continue to move higher and ppi hotter than expected. for the week, a 12-basis move to the upside. that is the money set up. let's see how asia and europe are closing their weeks. silvia amaro is in london with that trade. silvia, good morning. very good morning, frank. happy friday. indeed, let me show you how global markets have moved so far this friday. starting with the session over

in asia. there was an important moment in asian markets today. we had the center economic work conference taking place. what does that mean? investors were awaiting details from chinese officials in terms of what they are planning to do on fiscal policy. however, the clarity was lacking. investors are still wondering what's going to happen on that front. as a result, we saw pressure for chinese equities. hang seng and shenzhen closed down 2%. let's show you how the narrative impacted european investors this morning. ultimately the narrative is we are lacking direction within the european moves. the ftse 100 marginally higher at this stage. investors are waiting to understand what central banks are going to do in 2025 after we saw the ecb cutting rates on thursday and the other question

mark here, frank, is what france is going to do next. the announcement of who will be the next prime minister is imminent. we still don't have that name. we await that announcement from paris to understand if that person is going to manage to correct the country's finances. however, the cac 40 at this stage just marginally higher. >> i was watching you and charlotte talking about it earlier. refreshing emails for that announcement. we will see a friday the 13th, we will see if is a lucky day for macron. silvia amaro, have a good weekend. turning back to the stateside. shares of broadcom surging at the open. chip names like apple, amd and nvidia posting better than expected results for the fourth quarter. sales came in a bit lighter than expected. still the company says a.i. sales jumped 220% on the year to

$2.2 billion. shares up 15%. shares of h are surging in the pre-market right now. taking a look up over 17.5%. the demand for home furnishing products remains strong despite what it calls the worst housing market in 30 years. a lot of people would agree. rh says q3 was up and it is raising the current quarter and full year. shares of rh are up 17 .5%. shares of servicetitan after the 42% pop yesterday and the first vc-backed ipo since april. raising $625 in the nasdaq debut. selling shares at $71 a piece. the shares closed at exactly $101 per share giving it a market cap of just under $9 billion. the pre-market servicetitan are flat. time for the check of the other top stories with silvana henao. silvana, happy friday on friday

the 13th. >> happy friday the 13th, frank. good morning to you. president-elect donald trump is backing the anti-automation stance of 46,000 union dock workers on the u.s. east and gulf coast. the talks are at an impasse over the key issue and facing a january 15th deadline to finalize a deal or risk another strike. in a post on truth social after meeting with ila president harold daggett, trump says the money saved using automation is nowhere near the distress, hurt and harm it causes for american workers. trump's comments comes after he spoke with cnbc yesterday predicting great days ahead for the u.s. economy. listen in. >> i think you will see very good days ahead. a lot of incentives will be given. you saw yesterday $1 billion investment. we gave very fast approvals. nobody has come up with that one yet, although it seems pretty

simple. i think you will have great days ahead. we have to conclude a couple of bad wars going on. a lot of bad things going on. we'll get them done. >> and sticking with the president-elect, the wall street journal is reporting trump's transition team is exploring ways to significantly reduce, merge or eliminate the top bank regulators as part of the department of government efficiency's cost savings mission. among the proposals, the transition team is inn kwieerring about possibly eliminating the fdic. no comments from the asury department. any proposal to eliminate the fdic or any agency would require congressional action. cantor fitzgerald agreed to pay the s.e.c. $6.75 million to settle allegations it misled

investors in two spac deals before the stock market debuts. the firm under direction of howard lutnick controlled two special acquisition companies in 2020 and 2021 that raised a combined $750 million. frank. >> it will be an interesting story to follow. remember, the treasury secretary pick, will have an etf that hits the market. i'm sure we'll talk about it on the show much more. silvana, thank you. see you later in the show. turning back to markets and a wild week for wall street. blue chips extends the skid and nasdaq looking to cross 20,000 again. and the final event of the year is the ecember 18th decision rate. joining me now is the investment partner at the callan family office. happy friday. >> good morning, frank.

thanks for very me. >> i have to ask, raeann, president-elect trump at the new york stock exchange. he promised more tax cuts and end wars. he had a strong showing from business leaders. why do you think markets closed lower? >> i think there has just been so much positive move up. there has been so much momentum we have seen over the last few months, but especially since that election that we saw in early november that the markets are just taking a breather and digesting everything that's going on. although all this is positive news and we are still seeing a lot of, you know, positive expectations for what we may see in the next 12 months with the new administration. >> since the election, we have seen the trump trade and the president-elect promising to do the things a lot of people who are investors are hoping he'll do. interesting turn. one thing we have to watch is the rise in bond yields. cpi came in line, but ppi came

in hot. how do you see that impacting the markets on the last trading day of the week? >> you know, i think that it's to be expected. market was pricing from a lot of rate cuts for next year. now we're seeing this concern about whether or not inflation is going to resurge. seeing bond yields staying a little bit higher is not unexpected. i think that is something that will be -- will continue as we see fewer rate cuts coming. the market looks like it's going to move up today. i think we're shaking that off a little bit. like you said, cpi came in line and ppi was a little bit hot, but we will likely see a rate cut next week. >> anything with the consumer discretionary move lower? we have seen so many discretionary stocks lead the market. is that a concern at all with the president-elect sending that

signal to the market? we are seeing that area kind of hit? >> again, i don't have concern there. >> okay. >> i think that's a great place to be right now. i think we're expecting more market breadth and rotation with discretionary. the state of the consumer being confident right now and spending staying strong. expect the companies in that sector should continue to do well overall. >> i know you said you are also looking for opportunities outside of equities for clients and private credit and private equity. of course, not everybody has access to that. we will show a board. would you play the private equity play that same way like buying kkr or carlisle? is it strictly with your clients and people you advise directly investing? >> we do have some exposure, you know, to the publicly traded stocks as well. those have been incredibly

places to be and several of those companies have really out performed the magnificent seven if you look at the year to date period. they had extremely strong returns. a lot of that is because. demand in the area. we focus on the private side investing and private funds in those areas. these companies are a great way to play that space as well if you don't have access to private markets. >> raeann, thank you. we have more to come here on "worldwide exchange," including the one word that investors have to hear today. the reit that one market watcher is riding the a.i. trade. first, the exclusive look inside the advanced chip making plant in the u.s. courtesy of taiwan semi. later, paying for a cabinet seat. the look at the names d

bit cks. we have a very busy hour still ahead when "worldwide exchange" returns. stay with us.

welcome back to "worldwide exchange." two u.s. energy giants looking to tap into the boom of data centers. they are considering entering the electricity business. we saw william blare name ge

vernoa as the top pick. all of this as political reports the biden administration is considering executive action to fast track. it is unclear the action it will take. data centers could play a big role in the real estate sector in 2025 as well which our next guest says is facing a turning point. let's bring in the president and ceo of marcus and milichap. >> good morning. thanks for having me. >> a lot of boom with data centers. what is this turning point you are talking about? >> the turning point at the macro level is what we talked about last time which is get through the election and let's see what the fed is going to do and those two points of clarity have really helped market psychology. we are seeing more buyers at the table and the fear of uncertainty shift to the fear of missing out. a lot of our clients are buying

all cash transactions. >> the prices are lower. of course more people are come coming to the table. >> real estate is a compelling case and the election outcome points to more favorable path as head, especially on tax treatment. commercial real estate has many of. >> the valuations are lower. they are more attractive. in all fairness. let's talk about data centers. we will have a guest later talking about the data center play. we had a guest talking about private equity. private equity names in the data center space. what is going there in the build out? what are you seeing? >> great example of how real estate morphs with the economy. this is the an accommodation wave of technology that is morphing from the cloud and sort of server farms of a few years ago to a.i.

only 20% of the current capacity is a.i. think how a.i. will grow. the industry has doubled in last four years. the developers will build it and the companies that need it will come use it for long-term leases which is attractive to both. if you can get the power and local municipality to support the development of the properties. they are very specialized. >> i was talking to a couple of stock traders about the alternative data centers. one thing with commercial real estate, separate from equities, how does this impact data centers? is there really a big influence on the valuations to the customer real estate with the build out? >> not at a macro level. there are only 6,000 properties if you double or triple or

quadruple that. it is a macro wave or impact on the economy, but it is a niche play that can't be ignored. >> the construction play. >> a construction play from a real estate perspective it is land and construction and long-long - long-term leases. >> shorter holiday season. we might not see the jumps with sales when it comes with malls and space with the commercial real estate. >> the mall world is about the few that will survive and the majority have been pushed out. the strength of retail is neighborhood open air centers with entertainment and generate foot traffic and a lot of people are working at home means they are getting out of the house to go to the coffee shop which creates traffic and bar sales are nearing record levels. >> the malls are so people go back to the office. they will be filled after work

ideally. out in california where you are. i have to visit you. i have to do field research. nice to see you. coming up on "worldwide exchange," we have a look at broadcom's mega cap tech boost and major market milestone for the magnificent seven. we are back right after this . ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ it's a little pill with a big story to tell. ♪ ♪ i take once-daily jardiance... ♪ ♪ ...at each day's start. ♪ ♪ as time went on, it was easy to see. ♪ ♪ i'm lowering my a1c! ♪ and for adults with type 2 diabetes... ...and known heart disease, jardiance can lower the risk of cardiovascular death, too. serious side effects include increased ketones in blood or urine, which can be fatal. stop jardiance and call your doctor right away if you have nausea, vomiting, stomach pain, tiredness, trouble breathing, or increased ketones. jardiance may cause dehydration that can suddenly worsen kidney function and make you feel dizzy, lightheaded, or weak upon standing. genital yeast infections in men and women, urinary tract infections, low blood sugar,

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welcome back to "worldwide exchange." we are turning back to chip stocks. the sector rallying in the etf

in this the pre-market on the heels of the blockbuster report from broadcom. you can see broadcom up 15% right now. the smh etf up 2%. another name in the sector benefitting from the demand is taiwan semi. shares up nearly 90% on the year and for the first time ever, we are getting a look inn side the company's fabrication plant in arizona where apple and nvidia will manufacture the chips domestically for the first time. >> we started construction well before the chips act came along and that is in april of '21. >> reporter: this 3.5 million square foot building is taiwan semiconductor's first arizona chip fabrication plant. it is by far the most advanced

chip fab on u.s. soil. >> pilot production has started in the building. when we were here three years ago, it was steel beams and dirt. that has it taken to get to this point? >> about $20 billion. >> reporter: tsmc was far from a household name, but the chip shortage has thrust it into the spotlight. tsmc manufactures 92% of the world's chips in everything from nvidia gpus to iphones. for the first time in history, tsmc is making the chips here in the u.s. customers like apple are starting to make their chips here with two more fabs planned by the end of the decade. >> the facility over here is our fab. you can see the steel has been completed. >> reporter: but bringing advanced chip manufacturing to the u.s. has proven difficult. volume production is delayed until 2025. >> whether it was permitting or learning how to work with the trades or learning how to work

with the unions, local labor laws. lots of learning. yes, we are getting back on the original schedule. >> what about other fabs in future? >> there is space for more. i don't want to speculate of what the future would bring. we have 1,100 acres here. there is room for lots of fabs. >> apple told me it is committed to making some of the chips at the new arizona fab. the commerce department finalized over $6.5 billion of chips act funding for the project. the full video is on cnbc.com. back to you, frank. and as we head to break, a check on adobe after suffering its steepest one day drop in almost two years. adobe, take a look at this chart, down 20% on the year and down 13% on the week. the street still holding out

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time coming for us. the idea of not pursuing that mission, it's been our life's work since we started working. it is something we have been focused on for a long time. >> that was the servicetitan co-founder on "squawk box" yesterday. the stock closing up 40%. welcome back to "worldwide exchange." i'm frank holland. coming up, more on servicetitan and what it could signal about the ipo landscape for 2025. first, a check of the u.s. stock futures. take a look. in the green across the board. s&p up 22. the dow opens up 100 points higher. nasdaq up 150 points. it is important. it will open up back above the 20,000 mark. we are looking at the stocks.

broadcom after earnings that gave investors con if i fi we are looking at the stocks. broadcom after earnings that gave investors con if i dence ie a.i. trade. paypal down. we are checking the bond market after the hotter than expected ppi. the benchmark at 4.33. it moved ten basis points higher for the week. bond yields move higher on the week. that's the money set up. let's get a check on the top corporate stories, including another tech titan throwing its weight behind the president-elect. silvana henao is here with more. >> good morning, frank. amazon plans to donate $1 million to president-elect trump's inaugural fund. the reported move follows the $1 million donation by meta and comes as executive chairman jeff bezos plans to visit trump at his mar-a-lago club next week. the report adds amazon will stream the inauguration. the texas attorney general

launched a probe into more than a dozen tech platforms over the privacy and safety of minors. ken paxton says his office is investigating companies, including meta's instagram, reddit and discord and whether they violated two state laws and includes one that bans the selling or sharing minors' personal info without the guardian permission. and the s.e.c. is opening a probe into the elon musk's neuro link. musk saying the agency s taking fresh action against the brainship startup. the letter addressed to gary gensler did not elaborate what the s.e.c. was investigating, but added that the s.e.c. is preparing to take action against musk related to his inn vestmen to twitter before he bought the platform in 2022. frank. silvana, thank you very much. we turn attention now to the ipo

market and watching shares of servicetitan after the monster nasdaq debut yesterday. shares surging 40% yesterday. now in the pre-market, pretty much unchanged. the company saw the shares had close $101. servicetitan debut ending the lackluster year for the ipo market. bob pisani notes it is well below average three years running. so far, 140 offerings raised $28.8 billion. joining me now is our guest with stake in many. santos, good morning. great to you have here. >> good morning, frank. >> can we read into servicetitan to get insight into 2025? >> yes.

two or three significant significant signals. it was a great day in general. the ipo marked needed to be thawed. this set the process in motion. this is the beginning of many more to come. this is the best out of the gate. there are so many waiting in the wings that don't need to rush out. they will come out pretty soon. this company is good. it sends a lot of signals. there is not a lot of risk capital out there. investors are waiting for names to jump on to invest in. i think this was significant and showed the market's hand in what's available out there if you want to invest. a lot of companies will come out. >> you are saying companies are not going to race out, but they want to come out. what do you think the catalyst is? is it simply the administration and more growth in the u.s.? what is the catalyst? if they are not racing, they must be waiting for something,

right? >> absolutely. one of them is the constructive regulatory environment and the administration will be more favorable to m&a activity and ipos. that's a good thing. we needed that for someone for a while. it seemed like it wasn't accepted for a while and the big companies could not make big acquisitions. i think that was a big thing. the most important thing, i think, is the fact that the regulatory environment is very constructive and there is demand for a lot of companies. a.i. is big. not only the big training models and llms, but the plumbing into the infrastructure in terms of efficiency and all that. a lot of companies waiting in the wings. there is demand driven and regulatory environment. >> you are saying a lot of companies. give us a sense who is the first of the big ones to come out?

i heard a lot of people talk about stripe possibly going public next year. who will see the biggest investor interest? >> i think stripe, probably not. they just did a funding round. that's the highly liquid secondary markets have taken away the urgency of doing an ipo. there are other ones. cloud will come out strong. then you have coreweave is another good one coming out there. the structure in the cloud. the two i can think of near term that will come out. the others will wait. >> we have to go. i want to show a chart of lineage. these are ipos that have not done well this year. is there something investors will look at when they make their decisions? >> absolutely. they are not just going to throw

money around. they will look at financials and outlook out there. definitely, the investor has become more careful in terms of investing. these are the exceptions. there are other good ones commenting coming out in the right space in the a.i. space. >> have a great weekend. thank you for joining us. appreciate the time and insight. >> thank you. coming up on "worldwide exchange," one of your big morning money moverer mover. whether they can inject more into the sector. more on broadcom. stay with us. (♪♪) (♪♪) everyone has goals and dreams. and everyone deserves a way to get there. wherever you're going, getting there starts here.

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welcome back to "worldwide exchange" and back to big money movers. the chip supplier for apple and amd expecting better than expected fourth quarter results. sales came in lighter than expected. sales jumped 220% on the year to $12.2 billion. the ceo says they are developing chips with three large customers and expects each to deploy 1 million chips in network clusters by 2027. broadcom's gains lifting all boats in the space. the smi etf up 2%. take a look at the board right

now. nvidia up 1%. marvell up 1%. vaneck up 2%. joining me now is sara kunst. congratulations. you just got married. joining us on the honeymoon. > on the honeymoon. >> the revenue came in light, with you the a.i. demand numbers did show a lot of strength. >> i love a throwback company. you know, i've been excited about taiwan semiconductor and nvidia. these are companies that have been around for a really long time. they are ready to meet the moment when it comes to this a.i. chips and, you know, they know what to do. they have a lot of cash they're sitting on. i really like this deal. is it getting a little bit expensive like everything else in a.i.? yes. overall, i think broadcom is definitely going to be one that will stay in the a.i. chip

conversation for years to come. >> we have to remember a.i. stocks are cyclical. nvidia is the leader. i have to ask. it can't just always be something else moving them higher. eventually, the cyclical group of stocks will have to trade down. we heard some people talk about nvidia earnings being a catalyst for the quantum computing trade. how do you see this trade going? >> you know, i think this is the thing where it can't always go up, but there are a lot of things these chip companies can go from strength to strength on. when you look back, the chip companies are getting boosted on the self driving cars a few years ago and crypto and during covid t covid, it was gaming and now a.i. there are catalysts all happening one after another that play from strength to strength. so, i don't see that as pure frothiness and bubble. there are some real underlining

things here. how close are we are quantum computing? now as close as we think, but with the news google this week, reality is people are using these chips. well funded companies are going to continue to need these chips. >> broadcom also trading at 30 times. we are looking at the chip sector. nvidia trades 35 times. is that a fair valuation or trading at a discount? how do you look at valuation and broadcom, but the broader chip story? >> a lot of the a.i. story is hype driven. that means even though historically chips have been about the least sexy business in the world, we have seen the hype sneak in. these are real companies. they are not always the best priced, but the reality is when you look at the broader market, bitcoin is going from strength to ngth. we're seeing the ipo market heat up again. the reality is we're in a frothy macro environment. unlike those things, these sets

of companies around chips have real fundamentals. do i think they're great priced? no, i'm not terrified about it. >> the alphabet news, remember, it is not a chip maker, it say tech company. a lot of the chip companies are making their chips. it seems we get the announcements from companies in tech outside of the chips. >> it is a double edged sword. you need lots of chips. we saw that with apple in the broadcom news. on the one hand, they will start making their own chips next year for wifi, but deepening the relationship, it seems with the a.i. chips with broadcom. i think we're a few years out. this stuff is slow, work intensive even for the googles of the world. it is not overnight. you have to shift from push a button and spin up a new

business. over time, in '28, 9, that may be a different case. we're investing notice market and more focus on cheps is ips for broadcom. >> congratulations to you and your guy. so fashionable on your honeymoon. you look great. thank you for coming on with us. >> thank you. coming up on "worldwide exchange," the one word every investor has to hear today and the stock pick every investor needs to know. the high price of joining the trump white house. how much the incoming cabinet members shelled out and ended up with high profile positions. we'll have that story right after the break.

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to the moon! unbelievable. stop waiting. start investing. e*trade ® from morgan stanley. we saw some of the people on the cabinet and we have some of the most successful people in the country and we're dealing with the most successful people. those are people that put others to work. we're going to be hitting job numbers and as you heard me say, we picked up since the election, $3 trillion in you call it worth oracle value. $3 trillion picked up since november 5th. >> welcome back to "worldwide exchange." that was president-elect trump speaking with jim cramer after ringing the opening bell. touting success of the members of the incoming administration.

for a number of picks landing a spot in the trump white house according to megan cassella, it certainly came at a cost. megan, good morning. very interesting reporting here. what did you find? >> reporter: good morning, frank. that's right. we were taking a look at politicalpointees in the cabine administration. we found ten political appointees who donated more than $1 million to candidates and super pacs this election cycle alone. the last two years. this is based on the fec filings. elon musk led the way with $277 million donated mostly to super pacs, but setting him aside as an out liar, we found five of trump's picks for the cabinet and ambassadors. linda mcmahon spent $24 million. howard lutnick spent almost $14 million on donations. scott bessent is up there with

$3 million spent. together, frank, these ten people donated at least $359 million to republican candidates and super pacs in the last two years. that's a pretty staggering total in the big money post-citizens united era of politics that we're in. for comparison, we did not find any political appointees from the biden administration. in the trump first term, we found linda mahon. there is still a distention here. trump's pick to ambassador to the uk donated more than $25 million this cycle and biden's ambassador to the uk was also a top donor for him. she spent $645,000 for democrats that cycle. dramatic increase here compared

to the trump first term. frank. >> megan, interesting reporting. top donors get plum ambassadorships. is this potentially going to become an issue for confirmations? is this an issue for the trump cabinet picks? >> reporter: what this highlights is something we have been talking about this week is the high net worth of the individuals. i wouldn't expect that donations alone come up in confirmation hearings because as you said this isn't uncommon. what is uncommon and unusual now is the level of spending among all of the folks is so much higher than we have seen before. how much money is fuelling all of these elections. i wouldn't say it is going to come up as an ethical issue. they have sprawling investment and business accounts.

that's where we may see a conflict of interest going forward. >> reporting from megan cassella. megan, have a great weekend. coming up on "worldwide exchange," this under the radar a.i. play our next guest says is one way to go beyond the big tech names dominating the a.i. trade. it's up nelyar 40% this year. we will reveal our mystery chart right after this break.

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welcome back to "worldwide exchange." as we close in on 6:00 a.m., a check of the stories this morning. president-elect trump throwing support behind the dock workers over automation. trump revealing on truth social, he met with howard daggett. and the trump team is looking to reduce or merge or eliminate the fdic. shares of rh are surging on the back of earnings. shares up more than 17%. the company raising outlook for the current quarter and for the full year. bloomberg is reporting that starbucks will give baristas a smaller pay raise after a tough 2024. it will depend on the employees' time with the company.

shares of starbucks down .50%. quick check of futures in the green. the dow would open up just about 100 points higher. nasdaq on track to open back above 20,000. let's bring in malcolm ethridge. malcolm, good morning. happy friday on friday the 13th. >> good to see you, my man. >> malcolm, i want to go back to the question i asked our first market guest. talked about cutting taxes and talked about ending government spending tied to foreign conflicts. business leaders showing support. are you surprised the markets closed lower after that? >> i think the excitement of trump 2.0 has pulled through. it is not surprising some has been taken off the table.

>> what did you make of what we saw from broadcom and the overall a.i. play? we will get to your pick in a second. the chip right now and a.i. trade. >> i think broadcom is one of the names to find a way to remain relevant regardless of the trend actually is. it makes perfect sense that broadcom is focusing on a.i. chips. a lot of for news the chip sector that started this year is starting to fizzle out. >> i want to ask about bond yields. they risen 10 to 12 points after the hot ppi. do you see that being an issue for the markets? >> i think it is an issue for the sing market, right? if you think of how much pent up demand is for the mortgage industry and homeowners wanting to make moves and can't being locked out. the yields on the ten-year are

creating a problem there. >> let's get to the word of the day, malcolm. >> my word of the day is balance as in i understand there are three or four stocks that investors love staying overindexed and really worked well for the last couple years. i really think it is important for investors to start to take a more balanced approach to stock selection going forward because it is unlikely the names that dominated the major indexes the last couple years will continue to do so for he next couple years. i think having some balance to stock selection is going to matter. >> malcolm, that makes your pick interesting. what is your pick and why? >> i don't necessarily think you have to leave tech to find better opportunities out there. i personally love dlr. digital re alty which i own personally. the large language models built by the hyper scalers, microsoft, google, amazon specifically. the chips we talked about that

power all of that compute excitement over that is fizzling. you look at nvidia and amd. what steadily has been on the rise this year is the appreciation for having a place to house all of that data that's been generated by the big tech companies and large language models. i'm bullish on data centers in general and they can prove to be more valuable than the chips were when we look back a couple of years to now in the overall landscape. >> dignity realty ticker dlr. malcolm, have a great weekend. thank you very much. >> thank you. before we go, here's what to watch today. the latest look at import prices ahead of the open and two trading debuts on the back of servicetitan with technologies and mountain lake acquisition. coming up on "squawk box" catch my interview with dave bozeman. the president-elect talking

about the automation dispute between dock workers and port workers. that deadline coming up on january 15th. take one quick look at futures. we mentioned in the green across the board. dow opening up 100 points lower. nasdaq getting a boost from broadcom. that's going to do it for us on "worldwide exchange." happy friday the 13th. "squawk box" starts now. the futures pointing to a positive opening. we get you ready for the trade data. that's what's coming this morning and prepare you for next week's fed meeting. that guy's in shock and so is he over what can happen. shares of broadcom soaring with the expected sales of the a.i. products in the current quarter. and tech billionaires continue to court president-elect trump with amazon founder jeff bezos will match the reported $1 million

inauguration donation fund that mark zuckerberg pledged this week. it's friday, december 13th, friday the 13th, 2024 and "squawk box" begins 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 you can't laugh. >> i can't laugh. i can't smile. getting there. getting there. surgery earlier this week. >> have you ever aid that before? >> andrew walked in and said how's your mouth? >> how's the mouth? >> it is totally appropriate. it does sound a little funny. >> how's the mouth? happy friday the 13th. >> how about you? how's