and for more great stories about work, money, and successful living, scan this qr code and head over to cnbcmakeit.com. i'm ashton jackson, and we'll see you next time for more "millennial money." it's 5:00 a.m. here at cnbc global headquarters. welcome to "worldwide exchange." here's your "five@5." stock futures in the red to cap off what's been a mostly positive week for wall street, but trouble in tech. new signs of rotation out of the magnificent seven. global tensions rising as the heat is rising in yemen. a quantum computing reality check and souring on the sector surge. and later, netflix sets an nfl streaming record.

it is friday, december 27th. you are watching "worldwide exchange" here on cnbc. good morning. thank you for being with us. i'm seema mody in for frank holland this morning. let's look at stocks here at 5:00 a.m. on the east coast. stock futures have been mixed. the dow closed higher for a fifth straight session in yesterday's trade, but indicated lower by 128 points. nasdaq is where we have been seeing more volatility in the tech trade. indicated lower by 96 points. we have three trading days left in the quarter. green across the board with the nasdaq leading the pack on pace for the best quarter in the year and its fifth positive quarter in a row. speaking of tech, we're keeping a close eye on apple within striking distance of $4 trillion market cap. it needs to hit $264 a share.

the stock -- the stock will surpass that level and trading at 258 and change. looking at the bond market. yields continuing to rise on concerns inflation is not coming down as fast as expected. we are keeping a close eye on bitcoin. holding the line near $95,000. right now at $96,764. up 1.3%. let's go around the world. a higher session in europe after a brief holiday break led by italy where ocks are higher by .70%. a mixed session overnight in asia. japan surged more than 1% and south korea closing sharply lower following the impeachment of its acting president. more on that story coming up.

right now, the south korean kospi closing lower by 1%. as we close in on 2025, investors are following back-to-back standout years. the s&p is up 7% in 2024. boosted by a mega cap tech and excitement around a.i. as our bob pisani, some of the tech fueled growth may be running on empty. >> there is a simple answer why the stock market is ending year record highs. overall profits are near records. the s&p is expecting to see a earnings increase of 10% this year. this is the fourth consecutive year of earnings growth. they are expecting to see another increase in 2025. in last two years, stocks in the tech sector have reported higher earnings than the rest of the

s&p 500. this is largely because of the a.i. story which has become an investing paradigm on the scale of the intranet of the late 1990s. this is why nvidia, broadcom, meta, amazon account for nearly one-third of the s&p earnings this year. the magnificent seven. for 2025, earnings growth for these mega cap tech are expected to remain strong, but it's slowing from the tore rid pace of 2023 and 2024. for example, nvidia is expected to see profits slow to a 50% gain in 2025 from a 127% gain in 2024. it's going to go almost in half. this is causing some excitement among the so-called rotation crowd. they are hoping to see the other 493stocks in the s&p 500 finally see improvement in earnings to entice investors away from the

high valuations of mega cap tech and into the rest of the stock market. still, expecting investors to rotate out of big ch and into the rest of the market is a tall order. think about mega tech profit and if that slows, they are above earnings expectations for everyone else. the gains expected in the rest of the market are still fairly small. likely less than 10% for the non-mega cap tech. we could get rotation, but likely see a complete collapse of the a.i. story that has powered mega caps. back to you. >> let's get more insight of what bob was talking about and welcome in thomas martin at global t investments. thomas, good morning to you. >> good morning. thanks for having me on the program. >> we have talked about the bull tech and if it can continue. what do you think? sentiment too positive and are

we not considering the mega cap tech stocks would see profit growth slim in 2025? >> well, there are headwinds out there. as you mentioned, sentiment is very, very high. some of the measures are at more extreme levels. you've seen recently a surge in small business optimism and just record inflow noos s into etfs. a lot of people really feel as though the market's going to be do well tomorrow and average strategist is looking for a 10% rate of return on the s&p 500. on the other hand, margin debt is not as strong as an excessive level would estimate. you are not seeing everything. it's a headwind and people are aware of it, but underlining fundamentals are strong. >> so, where would you put your

money to work as we start a new year next year? next week, excuse me. >> to your question i didn't answer about tech, we are still positive on that and although earnings growth deceleration is always a headwind for companies, the growth is still very strong. nobody thinks nvidia can compound for five years at 100% and probably not 50%. can they have a lot of growth in the s&p 500? i think that's probably a likely possibility. we still like technology stocks into 2025, but we think it makes sense to broaden exposure in the portfolio. we have about 70 stocks in our portfolio and although when you aggregate the 493 and say there's 13% growth this year for those, there's plenty of companies in there that are well

above that that you can find that have strong fundamentals. we are looking for those companies and making our bets a little bit closer to the benchmark. >> how much have you taken into account the new administration, the policy effects, tariffs, immigration and which companies would benefit in those scenarios? >> right. well, the short answer to that is we're aware of what the possibilities are, but it's so hard to handicap what will actually happen that you really don't want to make a bet on that without really knowing what's going to happen. i think you have to take a more broad approach. we saw what happened after the election in the market surged into december and then it has taken a breather and done some back and forth as people reassess that. so, we are hopeful that what we see is reasonable policies along

the deportation lines and along tariff lines and effect on inflation is muted if not positive, but commute muted so we don't have to say interest rates taking into account for higher for longer and in the 5% area on the ten-year. >> spotify, micron, which you point out is down 40% from the june high. eli lilly. different names you have exposure to. thomas, i appreciate you joining us today. thomas martin. >> thanks for having me. a lot more coming up on "worldwide exchange," including a high yielding under valued stock my next guest says is a buy heading into 2025. but first, israel turning up the heat in the middle east putting energy traders on alert. and why mark mobius says donald trump's doge agenda is a playbook for emerging economies.

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we've got breaking news. in an unexpected move, the president of germany has dissolved the country's parliament and ordered snap elections for february 23rd. this is coming in the collapse

of the olof scholz governing coalition this month. we are looking at the german dax off the highs of the day. still .40% of 1%. we will keep you up to date. to the middle east. ing strikes in yemen and two power stations in the capital yesterday. hitting infrastructure israel is saying using weapons in the country. it is the second time in a week israel struck in yemen as houthi fired missiles in tel aviv. the syria, the country's rulers, the islamist group hts are deploying reinforcements across several cities as they face challenges to their authority. this includes clash was allies of the old assad regime and protests of destroying religious shrines.

let's look at energy prices. wti and ice brent are higher this hour. joining me is john kildoff and steven cook. senior fellow for middle east studies at the council of foreign relations. he is the author of "the end of ambition." gentlemen, great to have you on. steve, i want to start with you as we look to 2025. we highlighted the stories across the middle east. what is the most pressing geopolitical issue right now? >> it is iran's strategic position in the middle east. it has been destroyed by the force of israeli arms. it is good for israel and the united states in the short run, but israel is likely to drive

their nuclear program in 2025 having lost access to the mediterranean as a result of the revolution in syria. that's going to be a major challenge for the trump administration as well as america's partners in the region. it is a story that will dominate this coming year >> steven, no sign of a cease-fire under president-elect trump when he takes office on january 20th with gaza and other partners? >> there has been some progress reported recently. the major damage the israelis have done has forced hamas into a compromised position. they now said they will accept the presence of israeli troops in the gaza strip during the cease-fire. however, they failed to come up with adequate list of hostages. on the israeli side, prime minister netanyahu's coalition partners are opposed to a

cease-fire and they hold the cards to government stability there. there's doesn't seem to be despite president-elect trump's demands for a cease-fire. we are back at the obstacles that have existed for many months prior to this moment. >> john, you follow the flow of energy and demand and supply imbalance. how do you react to what steven said? >> 2025 is the year of iran. i'm not sure that regime will be with us at the end of 2025. there is a lot working against it as mr. cook just referenced. the iranian defenses have been destroyed by the last around of attacks. it puts iran's oil supplies to the globe in jeopardy once again. that is one thing i do think is a feature in the early days of the trump administration is the renewed maximum pressure on iran

which will include and target its oil exports. it is several million barrels a day. it has been a blind eye turned to the supply eye on the globe. it has been pushed to china with the dark fleet of almost pirate type ships that sail around and turning off their transponders and things like that. we will miss that supply. while all the focus on the trump administration is drill, baby, drill, watch out for sanctions, baby, sanctions on others. that could offset the gains. >> sanctions and tariffs. i imagine that puts more pressure on india and russia that work with iran. steven, any signs of certain countries across the middle east that will be more of an ally to the u. under president trump? >> certainly the gulf countries are pleased with the outcome of

the election. they welcome the return of maximum pressure. they also believe that under president trump they can get more done in regards to the agenda with economic development as well as security. president trump tends to run the u.s. government much like the way gulf leaders run their countries. five people doing business over whatsapp. that is something very familiar to them and they welcome the quick decision making that it affords them. they perceive a stronger security presence of the united states. >> john, how do you think about a stronger relationship between the united states and israel and how that could change the energy complex? maybe not here, but overseas? > i think it's definitely going to be another reordering here. look, if we can somehow straighten out the situation with iran and assure their oil will flow, then it is opec plus

with a problem on its hands with the supplies coming out of not only the u.s., but other countries like ghana and libya for that matter. more oil out of iran, more oil out of uae, all of a sudden you are looking at an oil price scenario that is appreciate bring lower. this is a year where you can make an argument for sub- $50 ol or $100, seema. it is a market on tenterhooks in 2025. >> steven, what is the funding role with the adversaries of ours or creating strategic competition? >> i think it is mostly about creating strategic competition by funding adversaries and keeping the united states bogged down in the region so there are less resources for washington to use in east asia and cooping kee

taiwan strait open. the houthi cut a separate deal to keep shipping safe in the red sea while others require american and allied forces to protect that shipment. that keeps the united states in agenda. >> john, what is your year end target for 2025 now you have stronger powers as play here. >> well, i'm going to say the chinese stimulus letters fall flat. that's a key input on the demand ide of the equation as you know. i know they're trying. they talk a big game, but they just don't seem to have the rubber meet the road ever of late the past couple of years. i'll hold out on that and say oil prices are closer to $50 a

barrel come the end of 2025 than any other price scheme nowhere near 100. i do think there will be tense, tough days in the market to the upside throughout 2025, the year end forecast down $55. >> john kilduff and steven cook, thank you. still on deck, netflix setting an nfl streaming record courtesy of lamar jackson and beyonce. we have the full story when orwi ehae"etns.

banks are set to close out a banner year after a rocky 2023. the sector up more than 30% since january. for the year ahead, one word is dominating conversations from wall street to d.c. and that is reregulation. deregulation. our leslie picker has more. >> reporter: the bulls have the prospect of consolidation of a boost to the sector in 2025. we have seen a rebound with u.s. banks notching $14 billion of mergers this year surpassing 2022 and 2023 levels. the question is whether that momentum continues into the new year. banks may be em boldened in recent years. old national bank and south

state and unb. the house financial services committee proposed measures to reduce obstacles for community bank mergers and revisit the way regulators evaluate deals. representative french hill was named the head of the committee. it may also bring down the cost of compliance which could make scale less of a necessity for banks and use that capital for operations. additionally, there are a few recent cautionary tales of bank m&a. new york community bank pushed up above $100 billion in assets which meant stricter capital rules as the real estate book soured. td bank had to pay a fine and face an asset cap over an anti-money laundering probe which scuttled it's $13 billion

deal. seema. thank you. let's get a check of the headlines from jessica leyton in new york. >> good morning, seema. hours ago, south korea's national assembly voted to impeach acting president han duck-soo over martial law earlier this had month. han has been acting president since the impeachment of the president. it is the first time south korea impeached an acting leader. another stowaway on a delta airlines. a person without a ticket snuck on the plane from seattle to hawaii. that person caught before takeoff and arrested, but not before causing a two-hour delay. the tsa and delta are investigating. several tornadoes touched down in texas. there are no reports of injuries or major damage yet. it comes as heavy rain and

widespread flooding comes after christmas with hundreds of flights delayed or canceled. new york is preparing for new year's eve with a special ball revamp. this year's new year's eve ball will have 2,600 crystal triangles installed for the iconic celebration. the ball weighs nearly 12,000 pounds. installation ceremony takes place this morning in times square featuring pit bull. it is the show before the big show. seema, back to you. >> we are looking forward to it. jessica, thank you. coming up on "worldwide exchange," mark mobius shares his emerging market outlook and the ies on the dollar and crypto a me. y hen'tll ready, follow our podcast on apple or spotify. we'll be right back.

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the quantum benchmark that google ran has no practical use in the real world right now. if anybody develops a super power encryption, it is the entire technology community is focused on that. when that happens, we'll all

just upgrade our software with algorithms. the consensus in the community is we are nowhere close to being a threat. >> that was micro strategy cofounder michael or throwing hot ater on shares. welcome back to "worldwide exchange." i'm seema mody in for frank holland. coming up, another bear on what he sees as the safer quantum bet for 2025. first, we kick off the half hour with the check of the futures after a mixed day yesterday that saw the dow close higher for the fifth straight session. what we have seen is weakness in tech. nasdaq is down by 88 points. there are three days, trading days left in the quarter and green across the board with the nasdaq leading the pack on pace

for its best quarter in a year and its fifth positive quarter in a row. sticking with the technology trade, we're keeping a close eye on apple within striking distance of $4 trillion of market cap. it needs to hit $264.63 a share. write that number down. the stock hit an all-time high yesterday. slightly lower in pre-market. trading at $258 and change. let's look at interest rates with the ten-year highest level since may. the 30-year is 4.8%. the ten-year at 4.6%. bitcoin getting a bit of play holding the line near $96,000. $96,319. up 1% this our. the group falling more 6% since

november. sixth compared to the s&p 5004% . the move is mirroring the surge in the u.s. dollar. with president-elect trump making trades in the administration, there may be more unknowns than knowns heading into the next four years. joining me now with the ing market trade is mark mobius. always a pleasure to speak with you mark. how do you think president trump changes the competitive landscape and trade overall for emerging markets? >> he's having a tremendous impact on emerging countries around the world. of course, not only emerging countries, but developed countries as well. particularly in he emerging countries. the most important change is the trump attitude to challenge

everything. to start with a clean slate. that's having a big political influence on some of the countries. it is similar to what happened after the american revolution. you had the french revolution and change throughout europe. you will have this impact around the world with trump, particularly in emerging countries where people in these countries will question their current leaderships and they will question the licies they are following. it will be very interesting going forward. >> based on what we saw from trump four year as and what he said so far in the last couple weeks, there are certain emerging markets that will do better under trump? >> i think india will continue to do well for the simple reason it is a huge domestic market, but more importantly, india is very adept at trading with the u.s. you have, as you know, very, very smart english speaking indians who are able to operate

in the u.s. i think the relationships between india and the u.s. are much better than with china, of course. >> even beyond india, south america, are there any other markets that are more insulated from trump's policies and prospects of tariffs? >> i don't think anybody is insulated. i believe argentina is going to do particularly well because the argentina leadership is following and admiring what trump is doing. i think relationships with argentina are going to be very good and more importantly, i think argentina is embarking on incredible changes which are reflective of what trump is doing in the u.s. >> given what we heard from trump on china and anti-china stance, how would you play that market and what are you recommending clients do now? >> we would play the chinese

market not through mainland china, but taiwan. you remember the incredible productivity and innovation in taiwan is a chinese phenomenon, but without the government overlay you have in mainland china. i believe the way to play it is through taiwan. i want to continue to do very well. particularly in technology, as you know. >> i imagine the bigger holding is tsmc, the world's largest manufacturer of cutting edge chips. do not see the geopolitical risk be an issue for taiwan in the coming years if china is emboldened to make a move? >> no, in fact, taiwan would become more important. interestingly, you can see that, it tsmc is building a huge plant in texas and diversifying in the u.s. that is going to be important as well. at the end of the day, very difficult to replace taiwan.

the industry there, the backup, the software companies doing the software for the chips are in taiwan. of course, they can move anywhere in the world. i think you will see taiwan continuing to become important. remember, india is coming up. india will soon be a major producer of semiconductors going forward. >> it is playing an increasing role as we see a.i. come to light. do you expect the dollar, mark, to continue to surge? at what point does that become disruptive to emerging markets? >> already it has had an incredible impact. all of these countries have been devaluing against the u.s. dollar. i think we are probably approaching the high point of the dollar index and it's unlikely to go much further. although there will be individual cases where the emerging market comes with value. interestingly enough, with trade

restrictions, let's say if trump imposed a 10% tax import duty on countries, if you have a 10% devaluation, then you don't have to worry about that increase in duty. i think that's already beginning to happen. >> with the exception of india, you seem pretty cautious going into 2025, mark. is it harder to get companies to put money into markets overseas with the prioritizing america first policies? >> not really. it is interesting to note that a lot of the countries in the world are very attractive to american investors. countries like taiwan and india and others. turkey, for example, is doing very well. you will find many of these investors in america want the diversification that they get in emerging markets. you must remember there are many emerging market companies listed in america which is why in our fund we don't restrict ourselves

to only emerging markets to equity markets, but we go into the u.s. as well. many of the companies in the u.s. are benefitting from the growth in emerging countries. >> that's right. another way to play it. mark, thank you for lending your expertise. mark mobius. coming up, fresh off its resolve, the machinist union d llge, facing another chaen anface problems for the embattled defense giant. that's coming up.

let's get a check on some of the morning's top corporate stories with silvana henao. >> happy friday. the ten year of the average boeing engineer is getting shorter. according to data from the union representing 12,000 workers, the tenure is down falling from 16.4 years to its current 12.6. the trend impacting those in their 20s and in the 60s. the brain drain could drag on current operations and make it harder for the company to launch its next new plane. china's industrial profits fell again in november for a fourth straight month. the 7.3% year on year drop signaling the stimulus measures are not having a slide in

corporate earnings. netflix nfl debut setting a record for the league. recording an average audience of 24 million people in the u.s. during its two streamed christmas day games. the previous audience for a streamed nfl game was 23 million on peacock for a january playoff game. >> incredible. >> huge. >> silvana, thank you. ahead, the one word every investor has to hear today and the stock pick every investor needs to know. plus, taking a cue from ed yardeni. >> quantum chips is what google said they will be delivering. i think there's a little bit more hype than reality there. i don't know it's ready for primetime, but the market certainly loves to hear that kind of stuff. >> why my next guest is echoing

that ntiment and offering new ways to play quantum and a.i. we'll be right back. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. there are some feelings you can get with any sportsbook. ohhh! the highs! no, no, no. the no, no, noooos - oooooooo! the oh, oh, ohhhhs! now whatcha wanna do with this? but the feeling that, no matter what, you're taken care of.

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power e*trade's easy-to-use tools, like dynamic charting and risk-reward analysis, help make trading feel effortless. and its customizable scans with social sentiment help you find and unlock opportunities in the market. e*trade from morgan stanley. ♪♪ welcome back. it may have been one of the hottest trades into the stretch of 2024. quantum computing. we will take a look at all those names like rigetti computing and d-wave and ionq with shares surging. despite the surge, some

investors say it's still too soon to reap the rewards of the trend many still see as early in the innings. joining me now in the near-term naysayer is paul. paul, it is great to have you on. is this something investors should be getting more exposure to or is it just too early? >> it's not just too early. it's way too early. i'm still hoping for some monetizable artificial intelligence use cases and, of course, that hope has yet to materialize in a lot of cases. we'll see what happens. as far as quantum goes, i did like the announcement from google of the willow chip, right? it has had some great benchmarking technically speaking, but we are talking about a theme that is not just a couple years away, but probably a lot longer than that.

so, i own google, but i own google for other reasons. this is icing on the cake. i think the quantum plays are setting up for better short candidates than long candidates. >> you don't like the quantum computing names, but what are investors supposed to do? stick with the magnificent seven names that continue to run up? a lot of these companies are not expected to deliver the same level of profit growth they have in the past. >> among the mag seven, i only like two. i favor only right now nvidia and amazon. i own the other names, but for various reasons and in some cases, valuation. i'm not buying them with fresh capital. so, my list, even of the mega trend names has narrowed and there are other ideas as well. quantum computing is way, way,

way, way, way off. we have other opportunities and some other opportunities will present themselves because we probably will have volatility when these companies announce their december quarter in the next couple of weeks. probably the third and fourth week of january will bring opportunities because some good long-term stories will probably disappoint and give us downside volatility and we can snap up some of their shares. >> so, let's double click on that. which names do you see do not live up to the names? nvidia is up 180% this year. we have earnings coming up in mid-february which still seems a far way away, but investors are preparing now. >> that's a very good point. people should realize that nvidia doesn't have the december

quarter end. the next release is beyond that. the interesting thing about nvidia from my perspective is people assume the stock is grossly overpriced because it tripled in '23. working on a triple this year, but they're earnings have grown faster than that. you have a stock that's trading around 30 times earnings. probably grow earnings this year another 50%. i don't know what they'll do in the out years, but i still think it's going to be strong growth. nvidia, not today, not tomorrow, but in the dip and it always comes is probably a better buy, i would say on a peg ratio basis. pe. >> do you like broadcom better given what it is doing to partner with the hyper scalers and building their customized chips? >> xcellent question.

excellent question. i have owned and bought recently broadcom and marvell to address that theme. both companies showed really nice upsides. the total revenues grown considerably.r scalers are frusd on spending that money on gpus. they are working hard in conjunction with marvell and broadcom to develop their own. yes, i own nvidia and broadcom and marvell and tsmc to address the theme. i feel pretty good about that. it worked well in '24. i think it's a trade that will work again in '25. >> all three of those names have done exceptionally well. broadcom up 50% in the past four weeks. paul, thank you for joining us.

paul ks on all things tech. coming up, putting troubles in the rear-view mirror. coming up, your mystery chart and my next guest says it is nothing for that beaten down name. if you haven't already, follow our podcast. check us out oape n plor spotify or other podcast apps. we will be right back. (inner monologue) my kids don't know what they want. you know who knows what she wants? me! with empower, we get all of our financial questions answered. so you don't have to worry. empower. what's next.

stocks are looking to end the week on a strong note. the major averages looking to gain up 2% and the dow up 1%. the futures are indicated lower. right now, s&p 500 down .4%. nasdaq has been weaker throughout the session as well. look at the biggest laggards. we are led by datadog and tesla down 1%. on that note, we are keeping a close eye on apple. $4 trillion watch. shares are trading at $258 and change. the stock did hit a record high in yesterday's trade. joining me now and how to place your bets today is matt powers,

managing partner at powers advisory group. matt, nice to have you on. what is the biggest thing you are watching in financial markets today? >> first of all, thank you for having me on. i appreciate being part of the show throughout the year. there's a lot of market drivers we are looking at going into next year. a handful of them and it's the common theme. mega cap a.i. earnings rates in the market concentration and the new regime with trump and the policies there. >> you know, when we look at a name like app, how much can one stock move the overall market or shift sentiment as we look at the nasdaq up 33% this year. there has been this broader debate about whether we will start to see this rotation out of the mag seven names and into software and cloud providers. specific sectors that could prove to be a good promise for 2025? >> you know, we're all aware the s&p concentration at the top in the 99th percent tile.ile due t

mag seven names. if you are investing in the index, you look at the sector weight in general. apple is trading at 41 times forward earnings. that's the highest since 2007. you know, going into next year, a concern or catalyst for the market to turn would be a big earnings miss on the mega cap name early in the year. that's what we see and that's what we're talking about clients about. >> where else do valuations look a bit stretched? >> you can kind of pull that from a lot of different areas. one sector etf that we like which might be unpopular is the xlp. within there, the top two holdings are costco and walmart. we like that area regardless. there are a lot of individual names. it's an easy way to gain exposure. you can almost go into any area in the market and see stretch valuations at this point. it's a matter of just really

individual names and, you know, we see a back to basics approach shifting toward value and under appreciated areas and dividend investing. lagging sectors looks at opportunity. s&p trading 24 times forward earnings and dividend is 19 times. clearly some opportunities there. >> tell us about ppg and your world of the day. >> ppg. the largest paint and coating company in the u.s. and operating in several companies. the striking thing, the shares are down 20% year to date. they are trading at the lowest pe since early 2022. over a 53-year stretch of the dividend growth. it is a good solid core holding and attractive valuation. >> okay. tell me about u.s. versus international uickly. where would you put your money to work next year? >> definitely u.s.

although valuations are stretched, regardless, the u.s. is dominant. we're staying with that theme and it is more flagship u.s. companies. >> interesting to watch south korea and currency plunging on this news of the current acting president will be impeached. so political uncertainty continues in certain markets. matt powers, we appreciate it. "squawk box" starts right now. good morning. stock futures pointing to a lower open, but the markets are set for weekly gains. we will show you what's moving straight ahead. plus, record streaming ratings for the debut on netflix on christmas day. we have the numbers. melissa and i have been debating the numbers. vivek ramaswamy blasting american mediocrity. we have the latest on friday,

december 27th, 2024. we will have the latest on "squawk box" right now. good morning. welcome to "squawk box" here on cnbc. we are live from the nasdaq market site in times square. i'm andrew ross sorkin with melissa lee. day two. very nice to see you. joe and becky are off today. we have a bunch of things going on. u.s. equity futures. still in the red. another 135 points. looking like we open down on the dow. nasdaq down 83 points. the s&p 500 to open down about 22 points. yesterday, the dow eeked out a narrow gain. the dow now on track for a gain of more than 1%. the s&p up 1.8% and the nasdaq up 1.3%.