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tv   Power Lunch  CNBC  December 20, 2024 2:00pm-3:00pm EST

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♪ ♪ whether your phone's broken or old, we've got you. with verizon, anyone can trade in any phone, any condition. it's your last chance to get iphone 16 pro with apple intelligence, on us. and, ipad and apple watch series 10. all three on us. that's up to $2,000 in value. only on verizon. welcome, we have a huge rally on wall street under way. all the major averages are up about a half of a percent but still down for the week after
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wednesday's huge sell out. >> big reason for that is the. and chicago all state president reiterating that he thinks rates, tyler, actually will still go lower. >> i think that's right. i think the big shock here, if it were a shock was the idea that they were only going to do two cuts next year. and people were counting on that. we'll see. the market did amazingly well with rates up a lot higher than they are today. and maybe it'll do just fine with rates sort of staying in an equilibrium point over the next few weeks. >> that's where we're keeping an eye on. meanwhile adding to the drama is washington where we have the government on a break of a shut down that could happen admit
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night or i guess 12:01 emily wilkins is in washington, d.c. >> reporter: hello, we're outside of the door for the last hour. they can just simply pass the bill to extend that 2024 funding into march of 2025. or they're looking at something where they can take the bill from last night, the one that failed on the house floor with 38 republicans voting no. and actually go ahead and break it down into bite sized pieces. one piece for disaster relief. one piece for government funding, one piece for farmers. one thing that seems to be out of the bill is that proposed two year increase on the debt limit. i briefly got to chat with majority leader steve scalise, listen to what he had to say. >> we're talking about the debt limit too, of course last night we put the debt limit on the floor. that was voted down. you know, 99% of democrats voted no. a few of our governors voted no
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but it passed. wouldn't necessarily be in this package but ultimately we will bring something to the floor either through suspension or rule. and we're making that decision. >> so let's dig into a little bit more of what leader scalise was saying there. we are hearing reports from inside the room that there is discussion not in this bill, but in a later bill to raise the debt limit by $1.5 trillion. but then, to go ahead and find about another $2.5 trillion in cuts to the federal government. which is of course right around that number that elon musk and ramaswamy said they were trying to get to. we're in the time crunch for the government shut down. we don't have legislation yet. the fact of the matter is even if house republicans come out of here united. we don't know how the senate stands. these things take time and it could take a good bit of time to actually get this done. we could be looking at a
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weekend shut down. that doesn't worry too many lawmakers but there are concerns i think on both sides of the aisle right now that we could see a much longer shut down that could wind up being painful to many americans and as well as to the economy. ey was out saying if the government shuts down that's going to cost the economy $6 billion per week, guys. >> i can't believe i'm about to say this, emily, but a $1.5 trillion raise to the debt limit doesn't sound all that big. considering the size of the debt. considering the deficit spending that is potentially on the table right now. >> yeah, dc has a way of making some very big numbers look very small, tyler. i mean look, i should just asterisk all of this. that these are some early negotiations. the sense that we get from inside the room is that actual constructive dialogue is happening. it's not just speaking mike johnson sitting there. everybody down is saying this is what we're going to do.
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everybody is sitting down and saying, let's sit down and discuss this. that's why this meeting is taking as long as it has. president-elect donald trump is very concerned about this debt limit battle. he wanted to see that done now. of course, that doesn't seem like it's going to be possible given the amount of republican opposition. but at least, this is some way to kind of thread that needle, let trump know there is a plan. there is an agreement. exactly what the final numbers we have though remains to be seen. >> so just very quickly. if the government shuts down, who stops going to work and how would i as an ordinary citizen feel it? would i feel it at tsa at the airport. would i feel it at national parks for example? >> so they say that mandatory employees, they will be coming to work. but what we have seen in the past is that sometimes with tsa, with other federal employees sometimes they don't come into work because they know they're not getting paid and they don't know when their next paycheck is coming. yes holiday travel could be impacted and there are a lot of
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other things. it's one of those things when you might not feel it on monday or christmas day. if we're getting into early january, there's going to be millions of ways americans will be impacted. >> have a great weekend in spite of all the drama in dc. the markets are staging a big come back thanks to some cooler an expected data. chief market strategist at high tower advisors and a cnbc contributor. ron ansana as ceo of ifya. i feel like dr. seuss. okay so listen. >> let's go to the previous story. do the markets really care whether the government has a shut down? we've been through this, 15 times. >> since 1995, yeah. we've done this. i think to the extent that it
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creates a chaotic environment and raises questions about what the incoming administration is going to do for policy perspective. but as kelly was saying at the top of the show. you have the inflation data. the feds expected gauge. that's the reason why it fell apart. >> worried that inflation was going to come in higher. >> i still think the feds are going to cut less in 2025. i've changed my view of that. i think this is a rocky road ahead. we're over due for a 10% correction if not overdue for something else. >> i feel i'm going back to the other camp. that's it no more inflation. just going to be up .01 and maybe everything is going to be fine. >> the growth is accelerating not decelerating. third quarter we went upward. we don't know we're slowing down. there's still some sticky spots. some of it doesn't make any
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sense at all. paying your financial advisor more. that's not inflation that's. >> michael you said we're returning to the old normal. that sounds like a bourbon brand to me. what is that? what does that mean? >> i think you might need a new bourbon brand if we continue to continue. >> i remember some bad nights on a potion called old crow. really bad nights. >> oh, that yeah that's rock up. but it was cheap and in college. >> it was cheap. >> $1.99 if i recall. >> yeah, when wall street gets surprised that's the old normal and it's not a good thing. and this week, wall street got surprised by the milder fed message and by, i suppose a consistently dysfunctional message from congress. we thought we had the ball up the line and no dice. wall street is telling us that what they really care about is what the fed does. and we're going to wait until
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we get it back in our faces in a bigger way. the volatility created by the messaging and markets on the fed had markets reeling this week. as ron said, we're in an expansionary phase. and markets hate it unless they like the data the feds are looking at. >> i'm still thinking about old crow. just such a great name. michael, tactically where does this leave you then? are you repositions? even on the good old question of stocks versus bonds and should they comprise of your portfolio. >> you know, we've got still a really heavily weighted s & p500 that's just in 5, 7 names. we all know what they are. really concentrated. the market still trading near all time high mull multiples. i think it's really a stock
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pickers market. real stock pickers market. i was talking to the producers this morning. i like things when they pull back. i said well, adobe, adobe has gotten killed. i think that's silly. i don't know why adobe has gotten killed. great cash flow. great cash on the balance sheet and look there's a smaller one that's pulled back 15% was valmount. i own both the stocks but i like to buy stuff when it's out of favor and when it's getting pounded down. i think unreasonably. that's what i think you have to do kelly going forward. stock by stock. i think this next year is going to be a real stock pickers market. >> you remember ron, when you and i were young pups. >> no i don't, actually. >> actually don't really. but in the late 90s there were back to back years where we had 20%. >> yeah. >> you do not see that in the cards for next year. >> no, i think for the rest of this year the market will do
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what the market will do. i think 2025 is going to be far more challenging than anybody currently assumes. given the policy on certainties. when you take the individual policies the trump administration is proposing. the incoming trump administration at face value. assuming they're going to do the things they say they're going to do. tariffs, mass deportations. potential for back cuts and you look at deregulation. which could be positive for some industries. i think the net is still stationary and i think that puts it in the box. when i just look at everything taken in sum. i don't think it's. >> do you think there'll be conflict between the administration and the fed? >> ultimately yeah, if the fed is going to cut twice you're going to hear from incoming president trump that he
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unfavored powell. you can see, president trump and incoming treasury secretary at war if you will over policy. but again, i think the policies as we understand them from, trump 2.0 net met stag stationary. >> at the margin it sounds like it's going to clip the sales a little bit. because anything that will be progrowth which is changing the progovernment stuff. that's going to be a long ways down the road. it's the opposite of the administration. this time, i mean maybe by the ends of next year but it's going to be the next thing to hit the markets. >> they're still saying, they won. they're going to impose tariffs on many of the markets. that's both inflationary and
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recession. >> a lot of it is because of the messaging. a warning to elon musk. i'm not sure if he will listen but i'm sure is watching. you right now are in a difficult position to be more in the headlines than president trump. having sat through in washington, d.c. the last trump administration, guys who do that are not around too long. thread very lightly mr. musk. and watch our economy, the fed is doing a good job. leave them alone please. >> one thing i find quite ironic. talking about raising the debt ceiling but cutting spending to 2-point 1/2 trillion. >> you sound like chip roy, he was not pleased about this. >> and we don't usually line up on some things but it was dissidence. >> there's not 2 trillion in there to cut. there's just not 2 trillion in there to cut.
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>> far and further. thank you. ron, michael, thank you. the yield on the 10 year we talked about it. retreating from yesterday's highs after lighter than expected pce rating. we'll take a look at the action when power lunch returns. earn and keep trust. build and maintain financial strength and stability. deliver solutions that meet complex needs. do right by customers, clients, and policyholders, always. repeat daily for over one hundred and seventy years. massmutual. partnering with financial professionals, benefits brokers, and institutions. ♪ it's a lot to be a caregiver and a daughter. because you kind of have to take a step back. getting some help would be a great relief. from companions to helpers to caregivers. find all the senior care you need at care.com we ready? mhm, hehe.
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reliable 5g, plus wifi speeds up to a gig where you need it most. xfinity mobile. xfinity internet customers, ask how to get a free 5g phone and a second unlimited line free for a year. welcome back, nice day in the markets with stocks bouncing back. gaining back some ground from wednesday's postpowell sell off. let's get to rick sentelli with more. i'm feeling happy after the data this morning. >> yeah, i know. i caught your comments earlier and i couldn't agree more. if we look at the monthly data,
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certainly when we look at the pce index month after month that went from 2/10 to 1/10. we had .02 in the core month over month pce. those are improvements but in the year over year pc we went from 2.3 to 2.4 and 2.8 on year over year core which is sticky. so yes i can see that there's a glimmer of hope here but boy the market really did have a nice reversal. look at the two chart of tenths. a, the left side is higher than the right side. we broke a 9 straight session pattern of 10 year yields surpassing the previous stage tenure years. remember, when that reverses out. traders use those to exit trades. so it doesn't surprise me to see the activity. we are seeing today. now, let's look at the 7 month reversal here. you know we went from mid-may high close. and back down.
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and yesterday's high was only 11 bases points away from the 470 high year close of all of 2024. if you look at the dollar versus the on shore you yuan. we need to pay attention here. finally that dollar index closed yesterday at a 25 month high and it has reversed. also trading below yesterday's lows. so we want to look and see if we start to regroup maybe back down so that it's at 103, 104 area. tyler back to you. still ahead we're talking trains and trucks. we're diving into the roads and rails index. to see what's driving the downturn. the market navigator is up next. business. it's not a nine-to-five proposition. >> the bond report brought to
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allowing us to deliver the energy we all need today so everyone can follow their own road. that's energy in progress. c1 >> as we're discussing navigators. welcome back to power lunch. the markets are up pretty nicely today 1-1/2%.
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although it was 147. >> we did lose 1,100 pointings. >> we're still trying to dig out of that hole. pretty big hole this week. >> 59.47 is the biggest in a week. >> the santa claus rally kicks in normally after christmas. so this is not the normal. >> just into the new year. it's a pretty good move there for sure in treasuries and everything else there. so we'll keep an eye on what's happening. >> 10 year treasury yield. 10.59. navigator teams, are we all systems go. >> we're gelling like magellan. >> we're waiting for our captain. is he here. >> he is here. >> wonderful. dom is here to talk to us through rail and transport. >> and relative performance there. so carter braxtonworth is going to take us through what he's
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seeing and whether this dip by mentality we've gotten used to and has been fruitful for a lot of people. it's been a winning strategy is the way you should tackle this now. carter braxtonworth. thank you so much for being with us. take us through what the thesis is. is this a constructive set up for us to feel good about going into risk assets and continuing to build position. >> happy end of year and so forth, hi team. what i want to focus on it's a macro theme. something that's highly single. not a dow jones transportation index but what is known as the s & p, 1500 super composite. and it's dominated by road and rail stocks. so, exclusively union pacific, norfolk southern. you have truckers, old dominion. not airlines that's the key. we are breaking trend here. that's an important set back. and it's not just the absolute
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it's the relative performance because that's what alpha is all about. with that, let's look at three relative charts we may have them here. what this is, is, you have a ratio. it's one thing divided by another which depicts a relative performance line. this is the super composite road and rail index. it's relative performance to the s & p. of course it's under s & p. that has things like envidia and envago. but a pier to pier comparative is all industrials to great names like general electric. and boeing, or federal express. or otis elevator. or ingrasol. and then even more specifically a growth chart. if we look at the compared to the s & p machinery.
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two very cyclical. here again, truckers and trains for lack of a better designation, continue to slip to two important areas in the market. i think that's a problem. >> carter, if that is a problem. what does that say to you to do in terms of positioning or trading? how exactly would you express a view given that under performance of roads and rails which could be a leading indicator for the rest of industrials but perhaps a market by large as well. >> that's right. i would just treat it as a circumstance. these are areas specifically to be under weight so, obviously the big three rails are the largest weightings in the index. truckers are smaller operators. it says something. certain rails haul grain. other rails haul cars. you have to get into the weeds. but the fee here is what's important. the poor, absolute and relative performance i would be under
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weight or short most of these constituents. >> before we let you go. seasonally you tend to look at things as well. we mentioned the santa claus rally. we talk about this time of year. what do you think the set up is going into next year is it still one where we feel constructive. >> januarys have a way of being either further momentum if you've had a strong year and you've carried through. or huge reversals. we've seen that in several years in the past decade. rarely is generally a flat kind of thing. my feel is backing away. by seller hold, i would be selling into the end of the year. >> all right, maybe not as bullish as other people are. carter braxtonworth. happy holidays. >> you as well. and college play off play
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starts tonight. i will be glued to that game. i'll be decked out in crimson and cream. and ohio state tomorrow, ohio state ahrupl, eddy george currently the head coach of tennessee state will be here to talk about the state of college football. that's on power lunch coming up.
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c1 welcome back everybody, check out envidia shares. next guest picked those stocks. currently in second place trailing only to ols pu ma. eddy george former nfl star running back. ohio state allumn joins us n ow. you're coaching tennessee state right now. what do you think of the
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college athletics and i wonder what you think that the state of coaching is right now. there are several coaches that stepped aside because they did not like or couldn't deal with the way college athletics are changing. >> when i first got into the business four years ago it was definitely the portal was the hot topic. now the game, the last change because of name, imagine and likeness. you have to embrace it. i think there's opportunity there for our kids to make money. but there has to be guardrails around it. there needs to be more parameters and restrictions in terms of when the portal lives. i think there should be one portal window. there's a couple of portal windows and there needs to be more accountability on the student athlete when they enter the portal. you know. so i think there's still a lot of work to be done.
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>> why aren't those student athletes signed to contracts. so that you have to stay you know for three years. if you're going to collect your nil money. i don't get it. >> i agree. i definitely agree. there are some things that need to be in place. i'm not sure exactly why. i think we're heading toward that direction. there should be, some accountability if they jump in at a certain period of time. some of that money should be given back. it should also be tied to academics. because academics still matter when you go to college. if you fall below a 2.0gpa or 2.5 whatever it is. that money should come back to the university. and there should be some stipulations around that because we're just seeing the wild wild west when it comes to transfer portals. >> we can look at a market value of big athletic programs. we've got them up here. but to fund the n.i.l. dealings and recruitments of these athletes where does that
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money come from. i assume much of it comes from wealthy donors who are goin to give money. some, as soon as they don't have any more or until they say, i'm giving money but i'm not getting a return on my investment. the program isn't going any where. so i'm going to stop giving which leads me to the question, how does a school like tennessee state compete against a tennessee or an alabama in your backyard? >> well, we don't. that's the bottom line. we're in a completely different stratosphere, they're in a completely different stratosphere when it comes to that. we're an fcs football. we try to mimic and structure some things around that. we try to give some n.i.l. opportunities to our student athletes that filter to us. the coaching, in my opinion is the same but the infrastructure is quite different. we have our different set of challenges. i mean we're talking about an ohio state, gene smith who was the architect for so many years
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as the ad at ohio state. has really done a maximum job of making them the most valued program in all of college sports. you have to be in direct alignment with your, your president, your president cabinet, your board of trustees all have to be committed toward stretching the envelope when it comes to building revenue streams. two factors of why they're. there were changes, a few years ago the stadium sold alcohol. changing from grass to turf. now you don't just have to have football games but there's other sports you can get revenue on. they can leverage all their assets so they can then give more money to their college athletes and have the ability to do the power moves they're generating right now. >> that is fascinating. eddy envidia and apple were
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your last picks back in the stock draft. if you could, if the transfer window portal were open would you be making any transfers? >> yes, carvana. who saw that one coming other than the guy that is weaving it right now. he should be outlawed. he shouldn't even be in this thing. but any way. i still stand behind my picks. i'm steady eddy. i still believe in envidia. they just came up with a chip that's on the market for 23,505- $5. apple is staying strong. i think right now he's up what? 200% or something like that. i don't know. i think you know, it could be over for me at this point. so i'm stuck with second place. >> i think he's taking a knee. i think he's taking a knee brother. >> this is ridiculous. >> eddy george, thank you so much and good luck to ohio state this weekend. >> oh, we need it.
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>> back to washington now. there's some movement on the deal of the government shut down. emily with the latest. >> the house republican meeting has broken up and lawmakers are telling me they do now have a path forward that they're going to be taking up a spending bill. as a couple of hours from now that they're hoping can cross the finish line. speaker johnson addressed reporters after the meeting. i think we either have a clip of him or i can just recap saying there's a lot of unity. we have speaker johnson. >> we have a unified republican conference. there is a unanimous agreement in the room that we need to move forward. i will not telegraph to you the specific details of that yet because i have a couple of things i have to wrap up in a few moments upstairs. but i expect that we will be proceeding forward. we will not have a government shut down and we will meet our obligations for our farmers that need aid, making sure that
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military and essential services and everyone who relies on the federal government for a paycheck is paid over the holidays. i will give you the more details here in just a few moments. >> well you won't have to wait a few moments. we have the details from folks who will have left the room. extending spending until march of 2025 giving up that new republican trifecta time to if i -- time to figure things out. it will include assistance for farmers who have been in a very difficult spot for the last couple of months. this has been a huge republican priority and something they wanted to get done. that two year extension that's no longer in there that's not on the table. what they discussed doing was raising the debt ceiling by $1.5 trillion. a couple of months hopefully into the next congress. and in addition to that they would be cutting $2.5 trillion of spending. now remains to be seen exactly how they do it. they say they're going to cut
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from mandatory programs but they can't cut from social security under the path they want to take. at least we can say that is a problem for another day in the short term it looks like if there is a shut down it's going to be relatively short and over the weekend. the one big question mark here is how do democrats feel about this. johnson seems pretty confident that they are going to be able to get enough democratic support on this. that they can pass it under that expedited process. 280 votes we haven't seen any official communications yet from democrats on how they feel and that guys is what we'll be watching for, next. >> emily, we really appreciate it. so one vote now. it's an all or nothing vote later today, right. >> so it's going to be a vote in the house that is expected and that one will be all or nothing. then from there the senate is going to have to vote. we're keeping a close eye to hear what their dynamics are. >> thanks for that update. emily wilkins. let's get to the news update. >> here is the news update at
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this hour. volkswagen reaching a labor agreement with its union today after three months of tense negotiations under the deal. europe's largest car maker agreeing to keep all its german factories open. the union agreed to remove their demands until 2025. and student áf biden cancels 4.28 in loans for workers enrolled in the public service loan forgiveness program that allows for debt forgiveness for people working jobs like fire fighting and nursing. and women's soccer world cup. netflix says coverage will also include additional documentaries including major players and the rapidly growing fan base into sports. tyler, kelly, back to you. >> thanks very much. from a change of plans for
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the feds to a looming shut down it's been a busy week for the stocks. all the major indexes are back in the green. we'll take a look at the names making the biggestovhe por nch returns. we'll be right back. illow with a speaker in it! that's right craig. pulling in the perfect team to get the job done. i'm just here for the internets. at&t, it's super-fast! you locked us out?! and when thrown a curveball... arrggghh! ahhhh! [crashing sounds] we had everything we needed. is the internet out? don't worry, we have at&t internet back-up. the next level network for small business. ♪♪ i sold a pillow!
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welcome back, let's get a quick market check. we're seeing again a pretty steady consistent 1.5% gains bouncing back but not entirely from wednesday's decline. >> shares of novo nordisk is down. 25% was the target. lilly shares getting a bump from that. as this new drug is being seen as a fierce competitor for its lilly bound. >> still sheds 23% of body weight. the stock is down. more to learn here. and how about mission produce. key one the company expects to
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sell just as much produce but expects prices to be 20% higher because of continued strong demand. >> love the avocados. shares of alibaba down as the company makes plans to sell. we'll get that on three stocks next.
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welcome back, a fun edition of power lunch this coming monday. stuffing your stockings with stocks. all hour long traders strategists and analysts will give you your top pick for 2025. let us know on social media which names you in particular want to hear about. it'll basically be an entire hour of three stocks. it'll be like 30 stocker. >> why should we wait until monday to give the people that they want. one stock we heard for you is alibaba. here is president and cio lee. after a drop the stock is down. >> why is the stock down?
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they've made a full list. the economy is not strong enough. now they're saying, we're going to pivot we're going to sell some of our stock. i don't think this is going to work. i think you just keep walking. >> all right. >> what about what comes after baba, o' rilley. we don't talk about him much but has a 70. >> i like o' reilly. it'slike the ghost of peter lynch saying look for boring companies. they do a lot of stock buy backs. o' rilley isn't just about do
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it yourself people, 30% are motor shops. i like the company. i like the stability. i just think this, the only issue is the 27 multiple but they've got the growth. i love it. >> o, o, o, o' reilley. the next is an upstart in the process of writing consumer loans. down 15% this week. volatile, what do you think? >> if i'm going to get involved into the banking, this is just too much of a leverage version. i would rather buy a big bank. what upstart does is in between the consumer and lender. they're an unnecessary middleman. they have to give the team 16% of those loans in-house is because that stuff doesn't work. if they lose those top three lenders they are 70% of who buys those notes it's game over. i don't like the stock. i don't think that you and i can just approve 90% of
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everything and keep 15% in bad loans ouels. hat was a deep tease for what's coming next. >> power lunch is coming right back. (♪♪) everyone has goals and dreams. and everyone deserves a way to get there. wherever you're going, getting there starts here. state street. invest in your future with spy, the world's most traded etf. (♪♪)
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the great yogi bear once said when giving directions to his home and coincidentally the same new jersey town i live in, when you come to a fork in the road, take it. yogi wasn't crazy, there was a fork in the road and you needed to take it. the left one. when i've come to a fork in the road. i will still work at cnbc, for a variety of capacities then i'll be free to take a cabinet post. i'm there. call me. leaving is not sad. it's trendy. neil cavuto. couldn't you have waited one more day. congratulations neil. maybe if the jets are lucky aaron rogers. so much and so many people to
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be thankful for to cnbc. a great employer. the power lunch team. the magicians in hair and make up. especially anesca who puts the poof in the roof every single day. to the amazing crew here in studio. even though you are mostly on your phones. you know it. you are mostly on your phones. these 15 years at power have been terrific. none more than my time with kelly. she's the real deal. there's not a phony bone in her body. if there is an ego i haven't found it. >> there's not a bone in yours either, ty. i was okay until now. >> right now there's no bone. just a puddle of goo. >> i've been able to sit and learn at your feet for all of these years and i'm so grateful for that. still see the learning curb and it'll be truly irreplaceable. >> thank you. >> the pleasure has all mine. >> i have insurance here. >> you're not getting all that
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easy. we are not going to go until we look at 50 years of tyler. >> this is my 21st anniversary. >> i started out at time incorporated and what i found is talking on television is a heck of a lot easier than writing. >> now let's go over to tyler mathison to see what's coming up. >> thank you, tyler. i'm tiler. >> broadcasting what program we used to call power lunch right from my kitchen. >> when you're in the hamptons, it's always cooler in every way. >> i'm tyler mathison. >> good game my friend. >> good game. >> i grew up as a washington
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senators fan. i put myself as a little boy listening to the broadcast. that's how i wanted to get into broadcasting. i wanted to be a play by play guy. look where i ended up. i get to spend my days learning. and that is why i stay where i stay in journalism. >> good evening and welcome to our public television viewers. >> this is cnbcs high network. >> this is cnbc open exchange with tyler matheson. >> welcome to business center. >> my father was a newspaper man back in the 30s and 40s and into the 50s. and so what i've done, hasn't fallen all that far from where he spent a lot of his time doing. >> the dow diving 108points in a single day. >> since then the market has gone up. >> today was bloody thursday. >> what a year it was. >> there's not much better than that.
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>> i like a little poof on the roof. >> man. >> get out of my way, here. i want to do this. >> sir gents i think you missed something here. >> who gives you the best information. >> you do think we can sell this right? >> 100%. >> you get one f bomb a day. i've used mine in the first four minutes. >> here you are. you're going to be great. i didn't bring my notes. >> i had no idea at work that i would be a financial journalist. i thought i would end up going to law school. so it's taught me one thing, an awful lot of what happens in your career is by accident. my wife is fond of saying, man plans, god laughs. that's certainly been true in my life. >> and they're here now. joe and mac, thank you so much for being here guys. >> thanks for having me. >> we met on day one. >> yes we did.
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and we got engaged some where around here. >> yeah, right around here. i actually, i actually proposed to jo my wife in this building. let's just say, alcohol was involved. she gave me 24 hour right of rescission. >> i'm going to give you now. the cooking duties to you. here have some fun. you got that. here's another one. >> hot mitts. >> i have a recipe book in here for you. my problem. it's all yours. >> you're giving it all up. that's fantastic. all right. >> you can never pass. >> you're the best. >> you're the best. why is mac here when the biggest game of all. are you not going to be there tonight? >> i'm not going to be there tonight but i'm going to be rooting hard. >> oh my gosh. >> yeah. my boys and it'll be a good time. >> indiana. go iu. go iu. here on my screen. i don't know you can see my son
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when he played for the mont claire high. >> thank you for the memories of the bathrobe days as well. >> oh yeah. >> one of our favorite moments. >> he used >> he used to come on in the kitchen. >> here is everyone to give you a sendoff as well. [ applause ] >> here we go! thank you. >> we always get out right on the nose not tonight. "closing bell" starts right now.

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