good afternoon, and welcome to "power lunch" alongside kelly evans, i'm tyler mathisen. the dow on pace for the 7th straight losing session which hasn't happened since february of 2020. the nasdaq has been holding up better, breaking 20,000 for the first time this week. back down below it now. 19,906. the sen-year rising as import prices come in higher than expected leading to inflation concerns. it has gotten away from me that the dow was down this many days in a row. >> it got away from everyone, because we're talking about stand out performers like broadcom and the blue chips struggle. >> and united health among those suffering lately in the wake of that terrible shooting last week. >> that is a big reason why. plus the big story everyone is

talking about now it is drones. it is a sport here in new jersey to spot them and post videos, last night, after everything the last couple of weeks, last night the activity was so busy in our skies. i talked with represent josh gottheimer about this last hour and he called on the fbi to act and to reveal more about what is going on. and now maryland governor larry hogan is saying he personally saw dozens of large drones above his house last night. and he's also calling on the federal government, tyler, to immediately address the issue. >> well, i think -- it is not just the gummies that these people are taking, folks. there really are these -- >> there are -- >> and objects in the sky. and some are not the package delivery drones. they're sizable. there is a lot of them. >> it is happening in new jersey. i've heard reports of new york and maryland. so what seemed like a niche issue just a week ago is an issue, where it is time for the officials to get up there and tell us what they know, and what they think could find out about

this and why this is taking place. >> fascinating stuff. we start with some potentially major changes to the u.s. banking system under the trump administration. the "wall street journal" reporting that president-elect trump's team is looking to shrink bank regulation including possibly eliminating the fdic or folding it no another government agency. functions would not be eliminated, could be combined into another agency such as treasury. for more on what this would mean, let's bring in sheila bear, former chair of the fdic and aman javers is in washington. where did this chatter begin and as i understand it, it is the people who have been vetting people who asking for financial positions and they're asking people, what could we do to streamline the regulatory apparatus, the fdic, comptroller, et cetera. >> the "wall street journal" has picked up on questions that treasury -- incoming trump

affiliated treasury people and also this new doge organization, the department of government efficiency, under elon musk and vivek ramaswamy, are asking people who are being interviewed for the bank regulatory jobs in the trump administration what they think about how to streamline the alphabet soup of bank regulators and achieve efficiencies there. so the question i'm left with is how much of this is rescrambling the alphabet soup and how much is about lowering regulation overall and i think if you talk about bank supervision and the regulation on banks that has been going on for a century, that could be concerned to people if you're talking about eliminating regulations. if you're talking about stream lining the bureaucracy here, and making things more efficient and saving government some money, that might go over well in the industry even though a lot of the industry likes to have their

own regulators in d.c. >> sheila, a assume you think this is a bad idea. why would it be a bad idea, i understand why it is to eliminate the fdic. >> so why is that a good idea. the fdic has a good record of protecting insured deposits for 90 years and a stabilize forcing during the financial crisis some 14 years ago, deputies were coming into banks because people had a lot of confidence in the fdic. so it is not broke. don't fix it. i'm a former treasury official. i was assistant secretary for financial institutions with oversite of bank policy during the w. bush administration, so i have some perspective from both agencies. and first of all, i don't think treasury wants it, the current

administration, and the fdic insurance is backed by bank premiums, not taxpayer dollars, which is the finance piece. they don't have expertise in resolving failed banks and then the brand. why create that confusion. people know the fdic brand. you go into the bank and you see it there. it is comforting and reassuring. why switch to another entity when it has been working well. so, no, i think -- it wouldn't happen any way, it is a waste of time. congress wouldn't dough that. i would be very surprised if congress approved legislation to do that. >> i'm glad you're here today. i believe there was a bank in oklahoma that failed in the past couple of months where some of the depositors were wiped out and if chase failed, they would make them hold but if this oklahoma bank doesn't. so then put it in the treasury

and we know this is taxpayer money that is going to come to bail that's banks out and unfortunately cause more bank problems in the meantime. >> i think those are two separate issues. i support expanding for guarantees for transaction accounts and there is an unplaying playing field. so the answer to that is to expand deposit insurance company. the problem you're flagging, that isn't solved by moving it into treasury. you still have to change the deputy insurance rules, who is guaranteeing it, you still have to change the deposit insurance rules and if their suggesting that taxpayers with their $36 million in national debt, if that is the idea, so taxpayers will now provide this guarantee versus bank premiums which is what has been going on for 90

years so, that is a bad idea. so, yeah, expand but keep the banks paying for and it keep it separate for the sole focus of protecting their depositors. they have a lot of confidence in the fdic. it is not broken, don't fix it. >> and i think one of things they're trying to look at, do you need 12 or whatever the number is different agencies or could a lot of this be done if there was one office of blah blah that was in charge of a lot of it. >> yeah. this is been debated for a long time and i think we do need some regulatory stream lining. we have too many regulators. i made some suggestions in my book published, i had it back here sometime ago. but i think that deals, there is no duplication of deposit insurance. the fdic does that. where you have overlap is with the superadvisory, and the regulatory function. so there have been past proposals to take the fdic

supervisory and combine them into a new agency. i think that proposal has some downsides too. but that is when people is talking about in the past, that is what they're talking about. not getting rid of the fdic. so i think, i think i will tell you, this is debated for decades and never go anywhere. and paulson had some great proposal when i worked with him during the bush administration and it went nowhere. so they went to spin their wheels on it, fine. but i think we've got bigger problems to worry about than this. >> what, do you think, the industry's reaction would be as opposed to the powers that be in washington? what would the industry reaction be to this kind of proposal? >> i think slow walking things in washington is a high art. if they think what we've got is

good and we don't want a radical change. you could see industry saying a whole lot of things let's participate and get on board with this and have 97 meetings and 27 breakout sessions and all of rest and it never goes anywhere. sheila puts her finger on the issue here. which is this doge unit, whatever it is, it is not a government agency. it doesn't have any authority on its own. it needs congress to put in place any of the recommendations. and every one of those things that they're after has a constituency up on capitol hill that views this as their turf and they're not going to want to see that changed. that is going to be a big problem for elon and vivek. if you look at why do we have an s.e.c. and a separate commodities regulator across the street, right. there is a real question as to why that was done historically. it is largely because the cftc, the commodities over seen by the ag guys, they want access to

wall street money when they campaign so they're never going to let go as a thing even if you might say, it would make sense to combine the cftc and the fdic. there is a reason why it is structured that way and that is the problem they'll run into again and again. so they better have thought all of that out. >> and a assume the s.e.c. reports to a different apparatus. and so sheila, i don't mean to invoke the sometimes inflammatory term the deep state, but what -- what eamon is pointing to, is in a sense, the idea that if the powers that reside in washington don't want something to change, they mobilize and they cause it not to change even if change is a good thing. just sort of talk me through that. even if they are saying they want to change. they could still slow walk it.

>> so let's be clear. look, i want to do something about the national debt. i'm hoping doge could be successful. so i think you need to also ask, some a good idea, is this worth doing. because sometimes industry resistance makes sense. deposit insurance has worked well. banks like to brag about it. people leave their deposits in the banks but that helps mainstream depositors too. i know these very rich guys that are debating this, who are advising mr. trump, maybe they don't understand that somebody with the deposit of less than $250,000 needs some comfort that that is protected but they do. so that is working fine. leave it alone. and there are good reasons why the industry might resist it. on the larger issue, why aren't we looking at health care. our costs are double what other developed countries are paying. there is so much in terms of where you really have the big drivers of our fiscal unsustainability, these bank

regulators are self-funded. they don't have anything to do with the deficit. so, i think, yeah, change is -- washington resists change. that is a problem. but on this issue, i think the core question is, is this even a good idea. is it worth it and i don't think it is. you're not going to save any mon money. it is not perfect but it is working well. mr. trump could put in his own people at fdic and the occ, s.e.c., he could put in his own leadership if he wants to change policy direction. so why bother with this. i'm not understanding. >> on that note, we will leave it. good to see you both again, thank you. now to shares of broadcom soaring on the fourth quarter beat. they are up 23%, tripping the a.i. revenue year on year. surging above thilone trli dollars mark for the first time ever. we'll deal into avgo and the

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welcome back to "power lunch." broadcom is the top stock in the s&p by a wide margin today. it is up 23% after a positive out look last night and the pogging in the a.i. chip space. the results so strong that stacy rasgon said it is time for the nvidia ceo and his look. apple snapped the nine-day streak of record highs. stock taking a breather again today. on its recent run to try to get toward a market cap. what does it mean for the tech trade. our next guest is still bullish. jean munster is here with steve covac. what do you think we learned this week. >> i think we learned a lot in

terms of the sustainability of the a.i. infrastructure trade. broadcom focused on something different than the nvidia gpu. but the story line that the a.i. infrastructure is going to run out and slow next year, essentially it is a strong data point that it is growing foster for longer and i want to quickly put some numbers around that. if you take broadcom's 2027 guidance, which is remarkable they're stretching out that far, but it implies about 60% annual growth. right now investors are expecting nvidia to grow in 2026 at around 21%. so i think that that is one piece that we learned this week. the second is that the pace of a.i. innovation continues to be rapid. of course, with google coming out, with gemini 2.0. so this is a big week for a.i. >> would you differentiate for us between nvidia on one hand and broadcom on the other and why people have become so

excited with broad korm.com. the numbers this week, good, not kick ass great. but good. >> there was also this report earlier in the week that they're working with apple to help them do some artificial intelligence. so it is, yes, nvidia makes the gpus and but broadcom is the player, and google is using broadcom to make their artificial intelligence chips as well. now apple is getting in on that as well. that makes it really exciting. and these are the ones that run in the servers for training the a.i. models. what is interesting about apple, so far, they've been using these alternative trips to chain the aim intelligence. they've been using chips from amazon and google, which, by the way, broadcom has a hand in helping make those. what they haven't been doing is running out there like microsoft and meta have been doing and google to some except, buying up gones and gones and gobs of

video chips. they've been renting other alternative chips. it doesn't mean they're not using nvidia, but what they publicly disclose, they're looking at alternatives and it is impressive they've been able to do this and launch apple intelligence the way that they have without spending as much as some of the rivals have. >> although, i wonder if that is not as high stakes for them. in a way, the apple intelligence features on my phone don't seem quite as -- and they're still using chatgpt to power siri searches which goes back to the company's use of nvidia chips. do you think we're going to be in this land grab, this arms race of continuing to build bigger and bigger data centers for the next year's time or are we starting to pivot and that is what is helping broadcom? >> we're not even starting. i think the broadcom guidance just reinforces that this is going to continue. and you go down the list like

vertive and their expectations and steve brings up apple. there is something new that came up on my checklist related to apple as i think about the next earnings call and that is how much they're spending on capex. so apple is going to spend about $10 billion this year and the rest of the mega cap is going to spend about $55 billion. but they're talked about buying custom silicon from amazon and talked -- or haven't talked about as steve mentioned, it is inferred they're doing something with broadcom. it feels like apple wants to bring more of the a.i. zestiny back into their hands. i think that is a really important shift that i'm noting here and i wander wonder what that is going to do to capex. >> reaction, steve? >> to your point, so apple intelligence just put out the biggest update, with chatgpt. none of this matters unless it

moves iphones and gets people upgrading and again, we look at all of the estimates for this quarter, the biggest quarter, the holiday season, for apple it is the fiscal q1 and we're not seeing much evidence that it is driving sales so far. maybe that change this is week and people start running out there to get chatgpt on their phone. i've been using it since this new update launched. not super impressive. and also there are a lot of us, this is still a beta product and it is not convincing people to run out there and use it. bbc just a few hours ago put out a story saying that the summaries of apple intelligence put out some fake news about luigi mangione saying that he shot himself and it was summarizing a bbc notification about him. so you could see it is not perfect yet and it is not there yet. but it is interesting how apple is still able to get this off the ground and able to do it

with dramatically less capex. we're going to see microsoft $20 billion a quarter and not sleep on next a.i. which had another fund raise, $6 million on top of what it raised this year to step on the gas out there and in memphis, tennessee and build their data center. >> bottom line here. would you rather, would you rather apple or broadcom? >> i'll take apple overbroad com. i still think that what steve talked about, the street is looking for 3% iphone growth, down from 5% a couple months ago. so analyst expectations have been declining. i think that is a layup that they beat that 3%. if they do, i think apple stock goes higher. >> thank you very much. have a good weekend, gentleman? and share of fedex remain on pace to close out 2024 with double-digit gain. and can investors expect the stock to deliver in '25. we'll explore that one with our

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welcome back to "power lunch," everybody. a quick check on the markets. the industrials down by a little bit. about one-tenth of 1%.

and the s&p 500 is basically flat as you see there. nasdaq composite up about one-tenth of 1% up 23 points. fedex has taken investors on quite a ride with big swings. our next guest is keeping an eye on the stock and here to tell us where he thinks the delivery giant is headed next. especially with its quarterly report right around the corner. joining us now is mike ko. mike, welcome, good to have you with us. what has fedex done around earnings and what does that -- how does that inform any trading strategy that you're following right now? >> well, you know, this is a company that historically probably moved 7 to 8% each time they reported but over the last four quarters, the moves have been sharper than that. it is averaged about a 12.5% move on average over the last four reported quarters and i think that is one of the reasons why right now the options market is implying a move of about $28

higher or lower by the end of next week. so about 10% of thsentiment hasa little bit going into the earnings number. so yesterday we saw double the average daily put volume. if we look at the put calls, we've seen that the calls have deteriorated a little bit indicated that bearish sentiment if you will. d y we're seeing once again put volume outpacing the call volume just a bit. as i take a look at this, one of the things that you could do, to take advantage of the elevated short-term options premium going into the event, is trade a downside put calendar. so this is not a sharply bearish bet, it is a modestly bearish bet. i was looking at selling the december 260 puts to collect that elevated premium and then going out to march, the 21st expiration and buying the 260 puts there and the idea is that

on a standstill basis, you probably make money. if it drifts down to the 260 level, you would make some money, bearing in mind that 260 is where the stock fell to the last time they reported earnings. so 15 times earnings, not hugely expensive relative to the market but it is cyclical and it is typically trading at a material discount to the s&p. >> you said that the "options action" that you have been watching recently is suggesting a little bit more of a been a bearish tilt. is the activity heavier than normal? roughly normal? how would you characterize it? >> i think yesterday we saw about double, actually, the average daily put volume. so it traded over 11,000 put contracts, 11,000 doesn't sound like a big number but every put represents 100 shares so that is over 1.1 million shares in bearish bet if you think about it that way and in the stock

price, you're talking about a quarter of a billion dollars in exposure to the downside and that as indeed above average. >> so we leave the view we are a clarity here. go back very quickly over your trade. it was a 260 put? >> it was a 260 put calendar. so buying the march 260 puts and selling the december 260 puts against it, the idea being if the stock drifts to the lower strike, you'll capitalize but still have some bearish exposure. and by the way, the longer dated 260 put will capture the next quarterly report which they're going to be giving in the third week of march. >> mike, one of the few people that could help me understand options. thank you. and kelly, back to you. >> ahead on "power lunch," campaign donations have always played a pivotal role in washington's political machine. maybe more so now on ever. we'll follow the money for the incoming administration, when we return.

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welcome back to "power lunch." we've got some news for you. open a.i. releasing never before seen messages from elon musk as they fight back against that billionaire's legal assault on the company. steve is back to bring us the latest. >> and so this is open a.i. responding to the motion from elon musk a couple of weeks ago saying at the beginning of a blog posted, quote, you can't sue your way to agi. elon musk's forcing open ai and they released the never before seen emails from musk which a start-up said he wanted a for profit structure years ago before he walked away from the company. also a legal filing is expected to go through any minute now to musk's motion, these emails contradict his recent motion showing musk as far back as 2015 tried to convince open a.i. to turn into a for profit company.

let me tell you. an email to open a.i. ceo sam altman back in november of 2015, it is probably better to have a standard c corp. and a email to greg brockman at 3:00 a.m., with a "new york times" article about china pushing for artificial intelligence. muck responded to that saying another reason to change course. open a.i. said that started conversations about the structure of a for profit open a.i. and by september of 2017, open a.i. said musk created a public benefit corp for open a.i. and wanted full control of it. musk took one more shot at this whole thing. proposed in january of 2018, folding open a.i. into tesla and they turned them down on that proposal and musk left the company the following month. and then in october of 2022, there is a text message here which another plaintiff in the lawsuit, who is a board member

of open a.i. at the time, she was acting as a liaison between musk and open a.i. she has at least two children from elon musk. she toldalityman in text messages that musk was upset at open a.i. $20 billion valuation. alityman and zelas said that musk had rejected open a.i. andalityman said he would offer musk another chance to take some. several months later that didn't happen and musk announced he's launching xa.i. and we know huh thos going. this is going to play out in court. there is a hearing scheduled for january 14th, but i will note the last time there is a hearing, musk pulled his lawsuit at the last minute. >> so the hearing would be the week before the inauguration. >> yeah. >> so what is the essence of what the new messages are trying to reveal about elon musk's relationship with open a.i. >> basically saying from very early days of open a.i., even before they became public, they were kicking around the idea, to do what we want to do, to make this artificial general

intelligence, we enormous amounts of cash and they were talking about this nine, eight years ago about how much cash this would take and elon musk said, okay, maybe we need to rethink the structure, maybe a capped profit company and it sounds like the messages once he left open a.i. and they did do that cap profit structure, got the huge investment from microsoft and attracted a $20 billion valuation, he was upset and felt left out. >> because he had not taken part in it. >> well he took part in it and they even offered, according to the text messages, they offered him equity saying, look, we'll give you the equity, you did contribute and help start this company, et cetera. >> but was he saying at the time they should have never gone this route. >> that is what they're showing. >> exactly. >> how dare you guy as band on your nonprofit structure. this is a breach of contract. you have this inappropriate relationship with microsoft and open a.i. now is responding, saying, look, he's been agreeing

on us being a for prft company for a better part of a decade. >> so now he's against it because he has his own competitor interest? that is the implication. >> that is the implication. he does have x a.i., and a lot of saudi money has gone into that. they raised $11 billion this year and built that massive computing cluster in memphis, tennessee and we're expecting a sort of consumer version of their artificial intelligence product. right now you could access it if you access to x. >> what did musk say the reason he left the company. >> a lot of reasons. it was basically over what he said and versus what actually happened is up for debate. but there is basically it was over running the company and according to the emails, he wanted full control or to spin it into tesla, which he's the ceo of. >> steve, thank you. >> complicated story. it is not over. >> and complicated story.

a lot of moving parts. let's get to bertha coombs. here is your news update. israeli troops were ordered today to prepare to stay through the winter on a strategic peek inside of the buffer zone between israel and syria. now israel said it's actions in syria are temporary and defensive, meantime antonio gutierrez said thursday that israel is violating syria's sovereignty and territorial integrity. marine veteran daniel penny who was acquitted this week in the death of jordan neely will be the guest of vice president elect vance. who also served in the marines, called him a good guy who never should have been charged with a crime. and egg prices may soon approach record highs. market analysts point to the pread of bird flu reducing egg

supply. along with strong consumer demand during the holiday season. according to consumer price index data, the average retail price of eggs in the u.s. has risen nearly 40% since november of 2023. up 8% in last month alone. tyler. >> thank you very much. the ten-year yield higher today. we'll drill down on the bond market with none other than rick santelli, after the break. month. what a deal! new and existing customers, trade in your busted old phone, and we'll give you a new iphone 16 pro with apple intelligence on us. weathertech presents. ♪ deck the halls with gifts so happy ♪ ♪ fa la la la la, la la la la ♪ ♪ made right here so nothing's crappy ♪ ♪ fa la la la la, la la la la ♪ ♪ laser-measured ♪ ♪ perfect fitting ♪ ♪ fa la la, la la la, lahh lahh lahh ♪

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welcome back to "power lunch." 's president-elect trump has assembled the new administration, the cabinet and advisers and ambassadors, names familiar to cnbc viewers like you. wealthy people who in many cases donated a lot of money to republican causes. megan casella joining us now from washington with more and we should point out that there is nothing strange about large donors getting appointmented to cabinet positions or ambassadorships. >> that is right. this is an extension of what we've seen in the past. so we analyzed the latest s.e.c.

filings and found ten apointies that donated at least a million dollars. elon musk led the way with $277 million donated. all through superpacs and while he is an outlier, we found five of trump's picks and four future ambassadors that also spent heavily for republicans. linda mcmahon, she spent $24 million. howard lutnick, almost $14 million. and scott bessent, potential future treasury secretary spent $3 million in the last two years. so together these top ten donated at least $359 million in this cycle. a staggering amount really even in this sort of post citizens united era of big money politics that we're in. and for comparison, we did not find any political appointees in the biden or the obama administration that donated more than a million dollars in one cycle and even in trump's first term, we found two, linda mcmahon and betty devos who led

the education department. and you say that healthy donors are awarded with ambassadorships, but trump's biggest donor was warren stevens, he's headed to the u.k., he spent more than $25 million for republicans this cycle and for comparison, biden's biggest donor among ambassadors went to the u.k. and she spent about $645,000. so more money than we're using to seeing in an administration like this. >> what explains it? >> i think it is a reflection of a couple things. one, it is who is running this government that it is a government of billionaires and businessmen rather than career politicians, when they're staffing positions, if you've spent your career in congress or other government agency, you don't have tensch millions to spend in an election like this and it is a reflection of the era that we're in, post citizens united the ruling from back

there 2010 that lifted the caps on political donations. can he couldn't compare this to the bush administration because it was such a different era then. now both parties raise so much money often more than a billion dollars per campaign and we're seeing that reflects among all donors and now this time many of them filling the administration as well. >> megan, thank you very much. megan casella reporting. let's get a quick check on the markets. with the dow lower today. the nasdaq is up 24 and the s&p up a point. and this is with rising yields. the 10-year in particular, on data this morning showing more inflation in the import data. rick santelli is here from chicago with more. and we're up, what, about 25 basis points in the past week on the ten-year. >> oh, absolutely. you nailed it. and we will slowly get to that. but first, you really brought up something important. this week was about inflationary pressures have not abated and in many cases they've gotten warmer. when it comes to import, export

prices, it gets murky. there is a lot of moving parts but i picked one in particular. this is year-over-year import prices going back about a year and you could see that we have definitely moved higher, up 1.3% today. the low that you see there on that chart happened to be in '22 -- '23 when it was down over 6%. so we have moved higher. and if you look at the two-year, and this is just today, we see how the yields have moved higher and there wasn't any real dynamics other than import/export prices and the equity markets moving higher on the nasdaq is a good accomplishment. but kelly, about 25 basis points, well look at the week to date in ten. if you look at that at 4.39, we're just shy of 29 1/2 which

means if you do the calculation, we have some major steepness going on with regard to the 2 and 10 spread. and i find this interesting. it was the high yield around april around 470, that could be in the cross-hairs. there is a bit of this market since september. and back to the spread. it is hovering at 16 and closed last week at 4 and up a dozen on the week and nothing memorializedond underscores the nervousness regarding pricing pressure better than a widening 2.10 spread. >> at least the three-month has turned positive, right. >> yes, that is exactly right. >> we'll take any positive sloping yield curves might help the bank and good sign for the economy. rick, thank you. and you could hear us on our dct,ou if just listen to

"power lunch" on any platform that you choose. we'll be right back after this.

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welcome back. andrew witty, the ceo of united hedge group, making his first public comment since the head of united health care was murdered prine thompson. in a "new york times," he expressed his grief and condolences to his family and having trouble making sense of the anger and threats directing at the at the company employees and he said they are in need of reform and saying they know it doesn't work as well as it should and they will help to make it work better. there is a need to explain what insurance covers and why. the op-ed a week after thompson was shot on his way to the company investor day in new york. >> there is a tremendous amount of frustration and anger with

how medical payments are processed. i know from speaking to physicians that they are truly frustrated and vexed but how they have to devote so many of their resources, hire people whose job solely to be a go-between between insurance and payers. no one would design the system that we have today and i believe that is a point that mr. witty makes in his op-ed. >> absolutely. even on capitol hill, we've seen this bill now to perhaps try to split the pbms off of the insurance which would directly affect united. so whether that is a direct result, but the public outcry, the shares are down 13% or so in recent days. so there is a lot -- >> and the real drag is on the dow. and a high priced stock. >> maybe we'll hear more from the ceo, but employees at the company are terrified.

wondering if they should quit and stay involved in other parts of the health insurance space as well. as we head to break, the dow still lower, that would be the 7th straight down day. we haven't had seven in a row like that in a couple of years, if i'm remembering. four years. we'll be right back. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap. [ employees snoring ] anything can change the world of work. from hr to payroll, adp designs for the next anything. big news for mahomes! i'm switching to iphone 16 pro at t-mobile! it's built for apple intelligence. that's like peanut butter on jelly... on gold. get four iphone 16 pro on us, plus four lines for $25 bucks. what a deal. ya'll giving it away too fast t-mobile, slow down. to go further,

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whoopi goldberg is looking to bring plor attention to women's sports. the actress and talk show host has founded a tv network dedicated to women's coverage. alex sherman joins us with more. >> it is a venture that whoopi goldberg has been thinking about for decades but has only seriously gotten traction about it over the last couple of years. and we've seen the mense growth of women's sports and she

has youngo tv and she's launching an international venture about sports and has a handful of rights, both domestically and internationally. and i asked her, what is it that you hope to accomplish long-term with this venture? take a listen. >> i wanted to go way past my lifetime. i wanted to be as well known as an abc, nbc, cbs, lmnop, it doesn't matter. because we have something that -- that we are specifically about. not just women's health, but who designs all of the clothes. who does -- who does this, why are we talking about this and what is your mental health like. it is not just for women. but it is women centric. >> so the idea is to start small and in the u.s. it is right now only available on vizio free tv network called

watch tv plus. it is sort of a small start for something that she hopes will grow into something much larger and in fact her partner in this, george chung, told me in the next few months they expect to be on a lot more smart tv platforms. this is going to be a free service. so unlike espn, which is always part of your cable bundle, this is adding driven and wouldn't cost anything to watch. >> last night, folks, i was home and there were a lot of sports options on. and you know what i chose. i watched parts of the notre dame/connecticut women's basketball game. that shows you how more interesting women's sports have become to me as sports content. it is part caitlin clark and the competition is good and you could sense the hunger in the players out there in colonel sports for sure. we're watching women's basketball at the college level.

i'm watching more women's sports. >> i was going to say my dad watches a lot of volleyball. don't you think there is more of this to come, alex? >> it is unbelievable. it really is a marked jump in enthusiasm particularly in big time college college basketball. that atmosphere is like a men's. >> the nfl game was really bad. thanks for watching "power lunch." thanks so much. welcome to "closing bell." here is the new york stock exchange on this friday. it's make or bake hour. two big tech stories we are following. apple tracking towards 4 trillion in market cap. broadcom, surging toward its best day ever. here is the scorecard with 60 minutes to go in regulation. nasdaq making a little run here. dow is off about 2% for the week and