it's 5:00 a.m. here at cnbc global headquarters. welcome to "worldwide exchange." here's your "five@5." kicking off a new year in the green. futures are higher with cks coming off the fifth positive day in six. and terror in new orleans. police investigate a truck attack that killed 15 people and many hurt. and police are looking for a possible connection to the explosion at trump hotel in vegas. and later, a look at citi's

consumer staple stock pick for 2025and why legacy my be the pick. it is january 2nd, 2025, happy new year. you are watching "worldwide exchange" here on cnbc. good morning. happy new year once again. thank you for being with us to start your 2025. i'm frank holland. let's look at futures with the first trading day of the year. the s&p post ing 20% gains for back-to-back years. the s&p coming off the first four-day slide to even their nt year since 1976. the dow looks like it could open up more than 200 points higher. the nasdaq up almost 200 points. we will do a check of s&p 500 pre-market gainers. look at the top of the list. cooper. a medical tech company up 6%.

snap-on, a tool company, up about 2.5%. allegion and omnicom rounding out the list. we want to look at small caps. off to a positive start to the year despite a huge run up after election. small cap futures are up .50% right now. one area that's impacted the small cap trade and broader market is yields. ten-year starting 2025 about 60 basis points higher than it started 2024. that's despite 100 basis points of fed cuts coming in last year. the ten-year at 4.54. easing back from the level we saw in the final days of 2024. 4.54 as i mentioned. entering the new year, oil is moving higher after an up and down year. wti above $70 a barrel.

rise now, wti trading at $72.50. all of december up 6.5%. we have to look at gold and bitcoin. it lost steam in the final month of trading. both losing over .50% for bitcoin. bitcoin trades around the clock. gold down .50%. bitcoin not down at all, actually. up .75% of 1%. remember, it trades around the clock. looking at a developing story now switching gears. the investigation continues into the new year's day truck attack in new orleans. this morning, at least 15 are dead and more than 30 are hurt. the fbi focusing on a texas-born suspect and motives as well as links to another terror attack outside the trump hotel in vegas. we have chris pollone with more on the story. good to see you. >> reporter: frank, good morning to you. two deadly new year's day

attacks in the biggest tourist cities. both using vehicles rented there the same app. investigators are looking to see if similarities end there. >> good evening. >> reporter: president biden extending the nation's condolences to the people of new orleans after the french quarter truck attack which left at least 15 people dead. >> to all of the families of those killed, to all those injured, to all of the people of new orleans who are grieving today, i want you to know i grief grieve with you. >> reporter: the fbi says it is being investigated as an act of terror. >> the suspect is 42 years old shamsud din jabbar, a u.s.-born citizen from texas. >> reporter: jabbar died in the shootout with police. agents searched his home in houston connected to jabbar. they want to know how he became radicalized and if he had help. >> the fbi said hours before the attack he posted videos on

social media indicating that he was inspired by isis. especially his desire to kill. desire to kill. the isis flag was found in his vehicle which he rented to conduct this attack. >> reporter: hours later in las vegas, the cyber truck rented through the same app as the truck in new orleans, detonated outside the trump international hotel. the driver died in the explosion and fire and bystanders were hurt. investigators don't know the motive. >> i know if we can see if this is a terrorist attack. that is our goal and that's what we are trying to do. we have a ton of resources dedicated to this right now. again, we are doing it with our partners. >> reporter: coordinated or coincidences. the hunt is on to find out. investigators believe jabbar did not act alone in new orleans. the manhunt is under way and they are not looking for any

specific accomplices at this time. the fbi set up a tipline which might help shed light into the investigation. frank. >> chris pollone, thank you very much for that report. nbc's chris pollone. have a good day. thank you again. moving on with a quick look at u.s. stock futures right now. in the green as we mentioned at the start of the show. the s&p up .50%. nasdaq up .75%. joining me now is gene goldman. happy new year. thank you for being the first guest on cnbc in 2025. great to have you. >> great to see you, frank. happy new year to you. >> futures are in the green. we are talking about two terror attacks. one in las vegas and one in new orleans. do you see that having a potential impact on the market or sentiment today? >> first of all, our hearts and prayers out to those who lost their lives in new orleans and vegas. it adds to market uncertainty.

we say 2025 is a new year's resolution. full of promise and challenges to work through. the challenges are this, stronger than expected u.s. growth, moderating inflation and fed easing. that usually means good market returns. there are near-term challenges. fed uncertainty. we saw that fed decision in december. we saw where the neutral rate goes. higher bond yields as you highlighted earlier. 2.0 starts in 18 days now. take that plus the market dynamics don't look great. profit taking in the mag seven. mag seven earnings. high market valuations. weak market breadth. most importantly, a stronger dollar. all of this together says near-term challenges, but 2025 will be a good year in terms of markets overall. >> you hit on a lot of challenges we hit on the show. the dollar. uncertainty about the markets and administration policies. i want to ask about one other thing.

oil is up $4 a barrel in the last month. hit this in the beginning of the show. rates are 60 points higher despite the fed cuts. are you worried about inflation? are you worried about the rate cut path? right now, it's two, but maybe not just two. a whisper of a possible hike. worried about the fed going forward? >> obviously, inflation is a big uncertainty. the fed will cut rates. one more thing is the fed will cut rates. they are a good friend for the market, but not as good of a friend you thought they would be. they will cut rates, but less than expected. why do we say that? the fed funds rate is 2% over inflation. it is pretty restrictive. also, you look at the fact that uncertainty with economic growth pushing growth higher. take all of this together and inflation and economic growth, there's uncertainty. the fed will still cut rates.

the fed needs to cut rates in 2025. >> worry about market concentration. that was the issue raised in the final trading days. the magnificent seven is 95% of the gains give or take. that's a lot of concentration and narrowness in the market. does that concern you as we go forward? >> definitely. we talked about this before. one of my biggest new year's resolution is fomo to jomo. the joy of missing out. looking at stocks beat on the magnificent seven and large cap growth. last year, the s&p 500 had 57 record closing highs. if you think about the trading days we had last year, 22% of the time. this is just the seventh year since 1953 we had 57 record highs. take that and what you said before, frank, is a great point. s&p up 20% over last year.

if you take the equal weight s&p up 11%. the mag seven in 2024 drove 63% of the gains. not a big fan. worry about that for the markets. >> you gave us the themes for 2025. one is the diversification is back. what do you mean by that? are you talking about bonds or alternative assets or bitcoin? when we talk about diversification in your mind, what is the number one way you want to play it? >> i think diversification is a long-term strategy and worked so many times. >> give us the near term. everybody says they are a long-term investor. we need actionable ideas in the near term, gene. >> i think the market pullback or market correction is ikely. they happen every 13 or 14 months. how do you protect that? diversify. large cap, value. small cap. even non-u.s. i know europe is struggling, but

there are opportunities with low valuations. look at areas beyond the magnificent seven. stock market on average has an intrayear pull back per year. it is a pull back. how do you take advantage? mitigate against the market volatility. >> gene goldman. happy new year. >> thanks, frank. let's see how europe and asia are kicking off. silvia amaro in london and jp ong in singapore. silvia, good morning. >> good morning, frank. happy new year to you and the team. listen, we actually started the new year with a little bit of positivity in european bourses. that seems to be dissipating at this stage. let me show you what i'm talking about. when you think about the ftse 100, for instance, we are marginally lower at the moment.

the cac 40 in france is down almost 1%. ftse mib in italy is down .70%. it is quite interesting to see how the narrative has changed in a couple of hours for european investors as they try to understand how to position their portfolio after what was actually a modest performance in 2024 with the stoxx 600 up about almost 6% on the year. that is very, very low compared to the performance we witnessed stateside. briefly, i want to take you to uk house builders. we actually saw house prices moving higher. this has been one of the sectors we have been tracking this morning. across the board, however, frank, we are moving lower today. let's see what will happen throughout the rest of the day, but so far a mixed session to start the new year. >> silvia amaro live in london. silvia, thank you very much. we urn to the action in asia with jp ong. good afternoon i should say to

you, but happy new year overall. >> happy new . we saw the gauge in china with the manufacturing in the ond largest economy in the world with concerns over the second large of the economy. when you add the possible tariffs and tensions on the incoming administration, there is no reason to smile. we saw the hang seng snap four straight losses. we look at how the west performing market in 2024 in asia did today and sluggish start to the taiex. there are concerns the a.i. rally is on the last legs. it may need to find a new catalyst. the kospi with the political

uncertainty raising questions about the korean economy and the kospi closing a bit sluggish to the down side. the japanese yen is worth watching since it irmed up and how the bank of japan will respond. that will depend on the japanese and how it will impact japanese markets and stocks when they reopen next week. frank, back to you. >> jp, great to see you as well. a lot more to come here on "worldwide exchange," and the name victoria greene wants to see added in 2025. first, citi is out with the top stock picks in the year head and honing in on the consumer staples trade. the port strike countdown and what is being said ahead on a very busy hour on "worldwide exchange." stay with us. it gets a little o.

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welcome back to "worldwide exchange." stocks soaring in 2024 with the gains in big tech. now is the time to be defensive and put money in the sector such as consumer staples. for more, let's bring in the lead analyst for beverages and personal care at citi. happy new year. thanks for being here. >> good morning, frank. happy new year. thanks for having me. >> let's start with the top picks.

coca-cola and colgate. in your mind, what improves the price action as we into the new year? >> as we mentioned, consumer staples has not been in favor over 2024. it lagged the market. clearly there's been much bigger gains in technology space and tech space overall. look, i think when you think about the staples space overall, it is a very defensive sector, right? a long time, 10 to 15 year period, now you are trading over one standard deviation historical averages. there are opportunities in our mind for names that can out perform. coke and colgate.

we talked about the tale of two cities. you essentially had two sectors within the consumer staples. they out performed the staples and the food and beverage out performed in 2024. coca-cola is our top pick because it trades 21 times or three to four terms discount to the average of the is staple sector. it is a name that offers some of the most compelling fundamentals in the group. they are growing organic top line about 6% on the long-term basis. they are growing volumes and growing price. >> let me ask you a question. coke shares are up fractionally in the pre-market. i want to call something on your note is the wild card. the pick of rfk for hhs. how big much a risk is this for investors they would have to

reformulate drinks and other products? >> absolutely. this is a concern since the election and trump's nomination of robert f. kennedy jr. that would impact the entire industry. the main concern from the beverage side would be around high fructose corn syrup and dyes in the products. coca-cola in my mind is less exposed. number one, u.s. is 30% of the global sales. they manufacture some of the products without high fructose corn syrup. mexican coke uses cane sugar. they have the ability to change ingredients, but the sector overall will have risk of reformulation. >> thank you very much. >> thanks for having me. coming up on "worldwide exchange," the second worst performing sector of 2024 and many policy questions still unanswered, we look to see how healthcare is set up for 2025.

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welcome back to "worldwide exchange." the healthcare sector deeply under performed last year with a marginal 1% gain in the past 12 months. cnbc's angelica peebles is joining me now. happy new year. >> happy new year, frank. 2025 is all about policy.

there are a number of questions like how much the incoming trump administration will focus on pharma. what impact could rfk have as hhs assuming he is confirmed. what will happen to drug pricing reform? what important date is february 1st. that's when we get the next 15 drugs that medicare will negotiate the ices. we will have to see if this time around leads to bigger changes and which drugs make that list. one name that most expect to see is ozempic and the question is how will the trump administration take over that from the biden administration. for bio-tech, the focus is on interest rates and whether the sector can finally recover after a pretty miserable few years. the s&p gained 23%. investors pulled about $13 billion out of bio-tech in 2024

on top of $16 billion in 2023 according to piper sandler. we may finally have hit rock bottom. the data suggests that a rally could be on the horizon. a lot to look for in 2025. frank. >> angelica, a lot to look out for. we were talking with our previous guest president-elect's pick of rfk as hhs secretary. how will that move the industry if he is confirmed? >> that's the question. he talks about food like your previous guest talked about. will he focus first on food? will he focus first on pharmaceuticals? of course, he has a lot of views on vaccines. he has pulled some of that back. you have the administration talking about the fda reform trying to, you know, pare back regulation. it's really going to be interesting to see how this all shakes out. will we see a tougher fda or a

more -- more relaxed fda? >> a lot to watch. angelica peebles, thank you for that outlook. still on deck here on "worldwide exchange," a live report from new orleans and the site of the deadly truck attack. the fbi focusing in on a suspect and poibssle ties to the truck explosion halfway across the country. we'll be right back after this break.

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periods of volatile disruption really play into the value proposition of ch robinson. we certainly don't want a strike to happen for the sake of global trade, but it's something that we've been in the trenches preparing for and working with our customers for. so, we don't want a strike, but if it happens, we're right there to help our customers. >> that was the ceo of ch robinson detailing how his company is preparing for the threat of the port strike at the east and gulf ports. that looming work stoppage facing the supply chain in 2025. welcome back to "worldwide exchange." i'm frank holland. we will talk about the uncertainty in the days ak weeks ahead. let's look at the first trading day of 2025. all of the indices finishing

higher in 2024. the s&p posting 20% gains in back-to-back years. however, there was a shift in momentum in the final week of trading. s&p coming off the first four-day slide entering a new year since 1966. you can see futures in the green across the board. s&p up 40 points. dow up 200 points higher. nasdaq briefly or off the highs of 175 points right now. we want to look at the nasdaq 100 pre-market gainers. at the top of the list is micro strategies. bitcoin up 3.5%. well get to that in a moment. asml, a chip company, up 2%. the rest of the list filled out by chip makers. a lot of moves in the pre-market. we are looking at small caps this year. after finishing one basis point higher in q4 despite the run-up after the election, small cap futures are up 1%. one area that has impacted the

small cap trade and broader markets overall is yields. ten-year starting 2025 just about 60 basis points higher than it started 2024 despite 100 basis points of fed cuts. the benchmark at 4.53. easing off the vels we have seen in recent days. 4.65 in recent entering a new y crude close to $74 a barrel. wti trading $72.60. inching up from levels we have seen earlier. bitcoin and gold. gold is flat. bitcoin up .75% of 1%. that includes a gain of 3.5%. remember, bitcoin trades around the clock. it keeps going and going. that is the set up. we move on to the u.s. supply

chain. two weeks from today, on january 16th, we could see a strike at the east and gulfports. they return to the necessity negotiating table next week. proposed by president-elect trump. we have seen a pull forward of freight with shipping prices increasing 16% in december. we have seen a big jump of traffic on the rails. container shipping increased double digits every week since the election. joining me to discuss is craig fuller from freightwaves. >> appreciate it, frank. >> we discussed the two sides going back to negotiating january 7th.

that happened over the new year's day break. mersk is looking for the east and gulf ports before the january 15th deadline. how disruptive is that with a company this size warning to get away from the ports? >> this is not a typical with a threat of strike whether it is rail or at the orts. we see the warnings to make sure their customer freight isn't stranded in the situation. we have seen surcharges and implement surcharges for customers. >> msc and maersk to mitigate the cost of the possible strike disruption. we talked about this a lot here on the show, craig, east and gulf port coasts. 68% of u.s. exports.

auto, pharmaceutical expected to be deeply impacted. how do you see shippers responding? is it good enough to go to the west coast ports? are you concern there is congestion and log jams? >> the long shoremen on the west coast said they will not break the strike. if there is a strike on the east coast ports, they will not unload the containers due for the east coast. we have seen shippers preparing for this for months. this is not an unexpected event. so, there has been a lot of pre-stocking and ordering inventory in advance of this. remember, this was supposed -- they have supposed to have gone on strike or planned on potentially gone on strike in november and that got delayed until after the election and into january. >> i know this is all after the holiday shopping season, of

course, and into the new year, but does this have the potential to lead to shortages on shelves and slower delivery time of furniture or cars or pharmaceuticals, et cetera? >> assuming it doesn't go on, it is usually a couple days long. we don't see them because they are so catastrophic. we don't see them take place over the course of months. assuming it is a short event, then you are unlikely to see something to disrupt consumers. >> i have been talking about this quite a bit. coming up in mid-january, a potential to confluence of issues. the president-elect's promise to institute tariffs on the 20th and lunar new year on january 29th because all of the workers take a holiday. how big of a deal could this be?

could this be supply chain disruption or pandemic? >> not at all. the pandemic was a black swan event. trump's trade policy clearly we knew when he was coming into office, he was planning for tariffs. shippers have been expecting that. because this is not an unexpected event -- during covid, we shutdown the global supply chain and manufacturing economy. that is not the case here. we are dealing with systematic disruption that periodically take place and they will be catastrophic, but rarely ever live up to what the threat is >> craze fuller, great to see you. >> appreciate it, frank. turning attention to the developing story this morning and the death toll continues to rise in the wake of the new year's day new orleans truck attack. at least 15 people have been killed and more than 30 have been hurt. the fbi is zeroing in on a texas-born suspect and motives. nbc's jay gray is in new orleans

with the story. jay, good morning. >> reporter: hey, there. good morning, frank. a city at this hour you normally see people coming out of the french quarter and milling on the streets. everything is locked down. it has been 24 hours since the attack and investigators continuing to earch for evidence here and along bourbon street where this happened, but also at the suspect's home in houston as well as an airbnb here in new orleans. let's talk first a little bit about the suspect. 42-year-old shamsud din jabbar. he is an army veteran. ten years in the service. left the army as a staff sergeant. spent time deployed from afghanistan in 2009-2010. again, federal agents taking the lead in the investigation saying they do believe it is a terror attack here and saying that jabbar didn't act alone here.

that is where the airbnb is taking place. now we are learning the investigators believe it may be where the explosive devices were found inside the truck used in the attack, but the french quarter may have been built and may have been associated of jabbar there helping to carry that out. they continue to search for anything they can find at that spot and at his home in houston as we've talked about and here in this area which may be locked down for quite some time. frank, of course, the sugar bowl, part of the college football playoff was scheduled to kickoff here yesterday was postponed. it is set to go on this afternoon at 4:00 eastern time kickoff. there are still concerns from many about the security in this city and particularly at that game. the governor, though, last night said he will be attending the

game and says, and these are his words, at the time of the game, it may be one of the safest places in the world. >> all right. our jay gray live in new orleans. jay, thank you very much. returning attention to the developing story. tesla cyber truck exploding outside the trump hotel in las vegas yesterday. this blast is now being investigated as a possible terrorist attack, but a motive has not been determined yet. in a statement on x, elon musk said it was caused by large fireworks or bomb carried in the bed of the truck. senior law enforcement officials confirming this morning the driver of the cyber truck, 37-year-old matthew livesburger, lived in colorado. he rented the cyber truck from

the same company from the pickup truck. as we head to break, we told a moment ago bitcoin is moving higher and other cryptocurrency stocks moving higher. micro strategy up 6%. coinbase up 4%. riot ptfmsp laor u4% as well. "worldwide exchange" will be back in just a moment.

welcome back to "worldwide exchange." retail coming off a modest 2024 up 10% compared to the s&p 500's more than 23% gain. within the sector, we have seen blockbuster moves to the upside. abercrombie and fitch. let's bring in dana telsey. happy new year. >> thank you for having me. >> you and a number of other experts said was a stronger than expected holiday season. i'm looking at the numbers. visa said the season from november was up 5% year over year. mastercard said it was better than expected. i look at the xrt. down 4.5%. it was a rough month for the markets overall. why aren't we seeing better retail stocks if everybody thought it was better than expected? >> keep in mind the 3.8% from

mastercard and 5% from visa. expectations were 3% to 3.5%. it wasn't promotional. it was in line with expectations. some of these names, as you called out, have already done well. when you think about the 70% of abercrombie. we had a good year. plus the fact that you look at companies that transformed. gap and victoria's secret. urban outfitters. when you think of the next, i think it is the year of the social, service, supply chain and surprise are the topics that fit in. who will drive traffic next year? warby parker with the traffic to the stores now. value still wins like tj or walmart. >> the four ss. i want to go and talk about service. what do you mean? so many people buy things online. when i go to the store, i grab it myself. what is the service?

>> i think the service, overall, you are getting better service at stores. look at macy's? more service in the sales associates. you are seeing it in the regular chains out there. i think service also means fulfillment. is the inventory in stock? is it easy to get? does it arrive on time? >> arrive on time. that's crucial right there. >> you get a gift card last day, they need the merchandise in stock when the family redeems it. >> i told you off camera. i'm a big gift card giver. not a shopper. i want to to focus on the retai space. some companies have slowing growth and others keep winning. lululemon and walmart and costco. walmart and costco are trading lower after big 2024 runups. lululemon and ulta are doing great. what's going on there? are these bouncing off the

bottom? what's going on with the snacks. >> lululemon and ulta, they had tough years through 2024. the new ness that ulta talked about into the third to the fourth quarter is showing up and showing up in it top line. with ulta, you see newness with the brands they introduced. you see they are winning for holiday. all of the checks have been done. traffic is going to ulta. when you think about costco and walmart, they have been up huge. can they be up next year? we will see wins from costco and walmart. >> dana, what is your top pick? >> top pick for 2025, i think it will be a name like warby parker. >> people need glasses. >> they do. >> thank you for being here. coming up on "worldwide exchange," the one word every investor needs to know. the speaker showdown as mike

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welcome back to "worldwide exchange." take a look at the leaders on the dow. you see nvidia shares up more than 170%. walmart and american express and goldman sachs and amazon. the laggards. take a look at the other side of the coin with the dow in 2024.

boeing, nike, amgen, merck and johnson & johnson. now turning to washington as lawmakers get back to work on capitol hill. speaker mike johnson's tough fight to keep the job. we have emily wilkins with more on the speaker showdown. emily, happy new year. >> good morning, frank. the next session of congress will begin at noon. first order of business is electing the speaker. mike johnson has the small majority. he can really only lose one to three republicans before he is in trouble. even though trump gave johnson his complete and total endorsement, there is still opposition. we know at least one republican, thomas massie, who won't back johnson. in the x post explaining his decision, massie criticized johnson's leadership.

johnson, quote demonstrated that he won't tell the president what is achievable and not achievable in the house. he looks situational awareness himself to know what can pass and what cannot. now about a dozen other lawmakers have concerns about johnson and said they are undecided. many of them, including victoria sparks have concerns about the size of the debt. she said in a statement, quote, we must have a vision and concrete plan to deliver on president trump's plan despite countless discussions and public promises. it is not clear who else besides johnson would win the speaker's gavel. johnson needs to win a majority of all those who vote for a person, members can vote present. that changes the math. that's why we have a range of republicans here. with 219 republicans and 215

democrats, even a few lawmakers can really stall the process and, of course, frank, from last time, nothing can get done until we get a speaker and the election can't get certified. it will be interesting not only to watch johnson and members here, but trump as his own certification will be held up if republicans cannot alece around a speaker. >> the drama continues. thank you very much. coming up here on "worldwide exchange," the stock and one of the worst performing sectors of 2024 that victoria greene thinks behind the new year. we will reveal our mystery chart after the break. stay with us. a familiar face, they lack the true ownership and flexibility of directly investing in bitcoin. with itrustcapital you can buy and sell real bitcoin 24/ 7 with the tax advantages of an ira. real bitcoin means no middleman, no restricted stock market hours.

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welcome back to "worldwide exchange." turning back to the markets on the first trading day of the year. you can see in the green. s&p over .50%. the nasdaq up .75%. for more, let's bring in victoria greene. she is a cnbc contributor. vicky, happy new year. good to see you. >> happy new year, frank. >> futures are higher on the first trading day of the year. what is your word of the day? >> it's barometer. today is the five-day january barometer which sets the stage

for how january will play out. santa claus rally hasn't p happened yet. we have a krampus tantrum. now the first five trading days of january. three ajor indicators in play here. these five days set the tone. the 13 of 18 last election years, the first five days go, is how january goes. i'll be more worried where stocks are trading at 3:00 p.m. eastern than where they open. we see the open gains disappear. >> a lot of people are talking about january being meaningful for the markets. a lot of people are taking await and see approach. i want to talk about it. you are looking at the first couple days of january. i want to talk about the last couple weeks of 2024. we had the cnbc data team run the number. it is interesting. since the election, the mag seven is 95% of the s&p 500 gains.

a lot of narrowness in the market. does that concern you going into the new year? do you think that continues going into the new year? >> i think we kept our core tech. we advocate keep the mag seven. this was much more of a return to 2023 where we saw only growth working. i don't like that. it raises my eyebrows with the sustainability of reality i.. we saw this flip around. only the mag seven rally and small cap weight. for us, it is something to keep an eye on. we advocated you want to stay in the space. i don't think even with valuations being higher, i think the earnings growth is there with the high bars. please don't be looking to sell them just because you're worried on the concentration. you are looking at missing out if you don't hold the core mag seven. >> very quick, you are

advocating it should be the mag eight. you want to add netflix. give us the elevator pitch? why not broadcom? >> look, we've got chips with nvidia. netflix is winning the streaming wars. linear tv is struggling. netflix is where it is picking up. look at the amazing quarter. jake paul and mike tyson and nfl christmas day and "squid games." the ad-based tier is where investors are losing out. it will get more subscribers here in q4. ad revenue similar to amazon, ads is a huge growth kicker. not necessarily immediately in '25, but definitely '26. >> vicky, i want to get to your pick. what is your pick today and why? >> okay. one of my picks is cheniere.

it is probably one of the biggest ies with the trump administration coming in. lng ex-ports is where we see th growth. the asian market is where they picked up in q3. they have a balanced allocation plan. they are paying off debt. they are increasing dividends. >> i have to cut you off. thank you for your pick. that does it for us. "squawk box" starts now. gains to kickoff trading in 2025. we run through the big moves from last year and look ahead to potential catalysts for this year. officials are investigating the terrorist attack in new orleans after a man with an isis flag drove a truck into a crowd of people on bourbon street. and investigators are probing whether a cyber truck explosion was a terrorist act.

it's january 2nd, 2025 and "squawk box" begins right now. good morning, good morning. welcome to squawk box here on cnbc. we are live from the nasdaq marketplace. andrew is off today. here we go. first trading day of the year and things are off to a strong start. the dow futures are up by 240+ points. s&p futures are up by 42. nasdaq is up on your 190 after four days in a row of declines before this. stocks decline on tuesday, the final day of the year. they locked in gains of 2024 of 12.8% for the dow 23.3% for the s&p