and welcome to "power lunch," everybody. i am brian sullivan. she is kelly evans, and we are drilling down on the president's executive orders. what do they mean for energy and

your money? well, here's a hint. trump thinks you may not want to buy an ocean going wind mill or electric car. plus, the big money mystery around the trump coin. who made, who lost millions, and what does it mean for crypto in general? and, we are soon to find out about another round of "squid games" and whether or not, kelly, it is going to help that company, netflix right there. >> yes, we'll find out after the bell. but let's get a check on markets, which are higher across the board. this morning, we were up half a percent, it's now a percent for the dow. about three quarters of a percent for the nasdaq. the reason for that is that apple's down more than 4% today, hit with a couple of downgrades. the stock is down 11% this year. the big move in apple is shaking up the market cap standings, putting nvidia back in front. you can see the numbers here. apple about 3.3, nvidia about

3.5. industrials are boosting the dow, which makes sense. 3m is up 5% today. caterpillar adding the most points on hopes for a renewed infrastructure push from president trump. boeing rebounding, as well. we have got a lot to do, but we are going to lead with president trump, moving quickly with his pen. signing a number of executive orders into law on his first day. and some of them have to do with energy. cars, and your money. there's a lot to do, but the big thing with energy, trump issuing what he is calling a national energy emergency. he put on an executive order that he calls, unleash american energy. on a macro level, all these executive levels are trying to do one thing, that is promote more oil and gas and mineral development all related to energy. they are designed to stop or severely slow what trump views as things that we don't need, specifically more off-shore wind

power or electric car subsidies. we can debate that all we want, and we will. but let's blast through system of these headlines. first up, the two main executive orders try to force government agencies to help what they think is promote the development of things related to oil, gas, and critical mineral development. also, pushing more pipeline. that is not helping the price of oil and natural gas. they are both down right now. pipelines, they are mostly sleighly. and in switzerland, the ceo commenting on what some of this could mean for oil. >> i think we can look at growing our production again meaningfully. so i think production in the u.s. is going to increase by maybe 200,000, 300,000 barrels a day. 2025 to 2026. >> when you add more of something, prices tend to go down, right? trump's action does want to

speed up permitting and do things like build more powerlines. that is helping investors in stocks like quanta services. pwr, that stock is up 4.5%. trump also ending what he calls an electric vehicle mandate. this order really terminates state's emission waivers that limit sales of gas-powered cars and considers the millions of unfair subsidies related to electric cars to be moot. there is no national mandate, but it is hearding stocks of ev makers. look at rivian and lose it, down 6%, and 5%. ocean-going wind mills, squirrely in trump's sights. trump banning a big swath of ocean for development, saying in part he wants to help fish and even whales. shares of the biggest wind

turbine maker, there's your adr, it's down almost 10% right now. slammed. this stock has lost a third of its value in a year. and then alaska. another executive order is targeting that state, revoking most regulations that prevent the development of alaska and natural resources. that order is called the unleashing alaska's extraordinary energy potential. and finally, if that wasn't enough, trump ending the pause on new lng projects, which could be very good this week for the ipo of venture global. that is one of the biggest energy ipos ever. so kelly, these are huge. they are broadly worded. there's lots of lobbyists and states, all going over these words and trying to figure out what they mean. i don't know, those are the headlines, but at least we have the market today to give us a little sense of it all.

>> one of the questions to ask is whether oil will not only fall today on these announcements, but whether it will stay down. so it's interesting to hear vickie saying yeah, i think we can boost production. do investors want them to with an oil price that's falling? >> it's a great question, because there are so many people that view president trump as good for the oil and gas industry. i want to make it very clear, folks, be careful. we don't know if that means good -- listen, more oil and gas means lower prices, which means it's good for the consumer at the gas pump. i'm not sure it's good for the oil and gas industry voesa vie the stocks. >> we talked to dan yergen last hour, and he talked about the impact on our power needs, as well. >> clearly, he's not a fan of renewables and conventionables, leaving the paris agreement, ending various types of incentives and subsidies for renewables and so forth.

so he's basically saying we're going to largely bet on u.s. oil and gas. the other thing is we're going to see a bigger emphasis on nuclear power. you know, you talked about the energy emergency. that's about two things. one is about permits. two, it's getting the infrastructure in place to support the data center and the ai boom that's coming. the data centers could be 10% of u.s. electricity by 2030, and we don't have the infrastructure in place to deliver that. >> in fact, that set up a nice one-two punch today. yesterday, we get the announcements on the energy emergency. today, there's this meeting about ai infrastructure. the two are closely related and the linchpin is lng. oil is important for americans who drive gasoline powered cars. for the rest of the world, for heating our homes and it's going to be about that. >> i was posting that this weekend. i know what did the brits say, bloody cold.

you have snow falling in new orleans, which is in itself bonkers. but that said, i was posting, make sure the energy grid held up, and it has. 90% of our energy anywhere from north carolina to chicago to pennsylvania, the energy grid operator over the weekend, about 90% of all the heat that we were just loving was nuclear, natural gas, or yes, even coal. >> there you go. >> so we can pivot off those, but 90%. i mean, i'm not a math whiz, but that's nearly all the percent. >> yes, it is. and coal is part of that. >> where is that, guys? >> super dome. >> that is the super dome in new orleans. it's not foggy. if you're on the radio, just imagine giant space dome with a lot of stuff around, looks very gloesly. that is not fog, that is snow in new orleans right now. >> wild. >> and they do really well with snow. >> yeah. >> and driving.

>> uh-huh. remember atlanta when they -- my cousin got traps on the roads for ten hours. >> because they had a quarter inch of snow. but she's okay now? >> she is now. also happening today, some confusion, and maybe some anger around a new presidential digital coin launched over the weekend, two days before the inauguration, the trump coin was launched. because of course, it's a digital coin that you can buy and sell. it soared in value when it came out, and then the incoming president launched another coin, this one named after his wife, melania. then both trump and melania coins sold off, and people who bought near the top got hammered. the entire spectacle generating a lot of hot takes in the crypto space, with some suggesting this is a good thing, right? because trump is bully in on the crypto game. others saying no, this is an

amateur move that can give a bad name to all things crypto, and it makes the sector look like a big grip. then there's concerns about who may be making money off this. trump tokens, kelly, about 80% went to insiders. 10% going to the public. the other 10% kind of floating around for liquidity purposes. according to crypto data platform, this has brought in millions in just fees since launching. let's talk more about all of this. joining us is anthony pompleano, ceo, crypto guy, great guy, and former "last call" guest. good to see you back on. what do you make of this trump and melania coin? >> yeah, guys. thanks for having me. we can spend hours talking about the complexity here. on one hand, we shouldn't be surprised. there's been tons of celebrities and other large brands that have launched these coins.

so the president of the united states and trump are two of the biggest brands in the world. there's a lot of questions about what are they going to do? who is going to make this money, are there conflicts of interest? both of those points are very valid. one of the things that i heard that is inaccurate, is people are saying look at the crazy crypto people. look at how insane they are putting their money into this thing. also in the traditional market, the regular stock investors are valuing djt at $4 billion market cap on $4 million revenue. so trump, his companies are assets or services that he's associated with tend to overperform from a financial perspective, what it's a stock or anything else. >> explain it for me real slow, like i'm 5, what are these coins? what are they? >> yeah, the best way i can think about it, if you think of berkshire hathaway. it's a lot of a good business

and a little bit of a meme. >> anthony, i love you, but i don't want an analogy to berkshire hathaway. what are these coins? >> yeah, the reason why i went with berkshire, because tesla is next in the step. they're about 50% good company, 50% mean. djt is about 80% mean, 10% good company. and the final form of this transition is ultimately people just launch the meme and there is no company. this is the progression over the last 50 years or so. >> anthony, i'm trying to understand, tell me from a technological point of view, this was back in 2015, 2017 something like that, so those were initial coin offerings. now there's stable coins, different kinds of block chains

and protocols. what is this? what are these? >> think of this as a branded coin that are all the same. so if you think about trading cards, there's baseball cards, then there are these kind of branded trading cards that are digital. trump has launched some of those and many other companies and celebrities have done them, as well. but now what we're seeing is people saying you don't even need uniqueness between the two different coins. it is an asset that is put out there. i'm not necessarily condoning this. i didn't necessarily buy it. but i do think that it's important to pay attention to this, because ultimately what we're seeing is the collision of the digital world with brands, and a new financialization. so this financialization, bitcoin is a digital version of gold. we have seen projects figuring out a way to monetize a way that was otherwise a non-monetizing activity. now you're seal brands and celebrities do the same thing. so what does the market think

about the long-term value here? i think that's the big question is, if it is just a token that has no business, has no revenue, i think that investors should be cautious and figure out what is the value over the long run? >> that's kind of the oint, and i don't want to speak for you, kelly, but what is it? what backs it, right? i guess it's just the same idea of bitcoin, the idea that there's 21 million, the whole thing is built on scarcity and it's got real value because of that scarcity alone, like a picasso painting. there just won't be any more of those things. but you follow all the hot takes. dave is like, what is this trump coin, how is it different than a ponzi cheme, then he buys melania and loses money. whatever you think of dave, really good points, like what is this thing? >> look, i do think that there's an element of who is also buying it?

institutions and large financial institutions are buying bitcoin. bitcoin is the king of the crypto world, and that will be the asset that's accepted in the institutional world. the coins are a retail phenomenon on line. doge coin is a $60 billion asset. there is no business or cash flow. so is the market being irrational or has the internet started to ascribe value? i don't know, i'm not buy thing stuff. but trump has this massive brand. if he's able to sell watches or sneakers, we shouldn't be surprised he's also able to sell a meme coin. so the long-term viability is what people should pay attention to. it's only been around three days and sitting at a $30 billion market cap, which is much higher than anyone thought they would go. >> bitcoin.com explainer of potential legal concerns around the mele coin. it says, everyone is quoting

everybody else, a key question is whether it qualifies as a security under u.s. law. we've been having this debate for a decade, okay? does it -- if it's a crypto currency issued through an ico, it says it's not a security and has not promised future profits and the s.e.c. has yet to issue guidance. >> well, look, i don't want to bore the audience with all the legalese, but bitcoin clearly has been emed not a security. there's a question about protocols that have launched coins, but there's a business trying to drive the price of the token. these meme coins are an industry response to say what are the rules, what is the loophole? a lot of times they'll launch these joins and they say, we don't have a service, we are going to a fair distribution. anyone can buy it, and the team

doesn't hold any. so far lawyers have said that avoids the securities questions. in this place in particular, 80% of the token is still held by the team. there's a three-year vesting period. so the question is, if the team is holding onto some of that, how does that get treated? >> and who's the team? there are some people posting the websites that built these coins were registered 24 hours before the coins were launched. you've got to say, anthony, and i think i got your point about berkshire, you're saying it was a warren buffett put on the stock because it's warren buffett. >> it's a compliment. he's the g.o.a.t. >> like, he adds value to berkshire's stock because of who he is. but some of this is not a great look for crypto. >> oh, look, i think that there is a concern among many people in the crypto industry that bitcoin is kind of the king. bitcoin is the main story.

there's talk of a strategic bitcoin reserve. a lot of energy, time, money has gone into really pushing that forward. and so some of these other projects are definitely either distracting or taking away from that. on the same hand, look, trump's net worth, even though it may be illiquid, 80% is now in crypto. but there's also an argue if trump has 80% of his worth in crypto, he's going to pay a lot more attention to the industry. i don't want to speculate the percentage, but i think it's very clear that we now have somebody as president of the united states that is paying attention to bitcoin and crypto currency, and that should serve as a tail wind for the industry overall during his administration. >> anthony, thank you as always, for joining us. appreciate it. >> thanks, guys. >> we should launch some meme coins. if they're going to be legal -- >> i think the name power lunchable. >> why? >> because there's small, easily

snackable and you don't have to do anything with them. what do you think, america? >> let us know. >> i think he just called berkshire hathaway a meme stock. we'll have more on president trump's executive orders, what they mean for your money, including a new ai venture. full details, next. well would you look at that? jerry, you've got to see this. i've seen it. trust me, after 15 walks, it gets a little old. ugh. i really should be retired by now. wish i'd invested when i had the chance... to the moon! unbelievable. stop waiting. start investing. e*trade ® from morgan stanley.

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welcome back to "power lunch." a lot of tech stories to run through today. steve is here to talk us through them. we've got to start with apple, whose shares are affecting the whole market. if you're wondering whether the nasdaq is slightly lagging. apple down another 4%, and almost 12% so far this year. it got two downgrades today, one calling the stock an underperform, how dare they. every day i wake up, they're talking about sales in china. is everyone talking about the same reports one day after

another? >> let me tell you what's going on here with the two downgrades, and another firm lowering their price target. in december last month, all this exuberance around the stock, it was going up every single day on no news. the story hasn't really changed, though, beyond that exuberance. there's been lots of cruddy signals on iphone sales since the beginning of the iphone 16 cycle started in september. piling onto that negative data, two downgraded their target. jefferies saying apple is going to miss its revenue growth guidance for the december quarter and lowered expectations for the iphone 17 cycle. this is all based on lackluster apple's ai system. sales are not amplified by apple intelligence since it launched last year, and saying for 2024, apple sold 5 million fewer

iphones than it did in 2023. jpm lowered its price target by $5. and this keeps piling on with china troubles, counterpart research on china today, huawei is gang shares again, up to 18% market share last quarter, and unit sales are up 15.5% year of year. apple is third in market share, with 17.1% market share, and unit sales were down 18% for the december quarter. all the brands that you're looking at right now grew in china except for apple. next up for apple, though, there's earnings january 30th. and one thing that may help the iphone business, a new iphone se is expected this spring. those are the cheaper model of iphones, the entry level iphone that sells for a couple hundred cheaper than the iphone 16. but off to a rough start for apple, down 12%, 13% so far.

it reminds me how the year started really crummy for apple. we're seeing apple ght now, it just got surpassed by nvidia. so we're seeing this snapback from all that exuberance in december. >> the big question is, is this going to be like last year where you have the snapback, or have these changes that you just talked about in china, are they so real and so pervasive, that apple has a real problem? nobody knows the answer to that. >> right. let's talk about one problem we know about, and that's apple intelligence. cannot launch in that country without government approval from the chinese communist party. so that is a huge bear for apple. it's not going to be able to partner with openai like it can here. it's going to need a chinese partner for that ai chat bot that it's using with chatgpt on the iphone, guys. so it's a huge challenge in china. we'll find out in a week and a

half's time what the quarter really looked like. >> on the opposite side of that, you have oracle, oracle, boeing, literally the opposite of apple. oracle expected to be involved in a new joint venture on ai, the president expected to announce something later today. >> this sounds like an ai infrastructure announcement it seems. this is just going to be hundreds of billions in announced investments from oracle, openai. we should also note when we talk about ai cap ex, where that cap ex is going. first of all, we know that massa son announced that plan to nvest in ai here in the united states. oracle announced its own plans. microsoft announced its own cap ex plans. but that money doesn't necessarily go to create blue collar jobs. beyond construction, it's also going to nvidia. it goes to dell, it goes to

super microcomputer. we learned this from the ceo of microsoft last year who said half of our ai cap ex goes to the compute side. >> and masa son's son, filtered to the portfolios. >> it's openai and oracle, not openai and microsoft. so that raises a lot of questions, what's going on between these two companies as they increasingly become competitors, but also rely on each other so much. openai relies on microsoft for azure, and microsoft relies on openai to make all the ai stuff it's doing. >> it's a great soap opera. >> larry nelson, a big trump backer, too. >> but just trying to figure out what's going to happen with microsoft and openai. >> any news of zuckerberg over the weekend? >> never hear much from that guy.

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welcome back. it is time for your market navigator. it's about finding value among the trashy. who knows more about finding value, no matter -- >> you were going to say trash heaps. >> i was going to say dom chu is not only handsome but intelligent. >> so can a stock be so good that it's bad? one dividend focused investor is looking for entry points into three beaten up giants that pay you to wait while you get the turnarounds efforts sorted out. joining me now is matt powers, a financial adviser who is looking at these three names, and they're on your shopping list for what reason are you looking at these beaten up mes, and what have you convinced a turn around is in place? >> here's what we're looking at.

so with stretch valuations a t the top of an already concentrated market, following back-to-back 20% years on the s&p 500, we see a grind this year. so there's less obvious opportunities out there, but these are three household names, companies that have struggled but trteluions with clear turn and plans in place. >> take us through the names. >> nike is first. shares are off, i mean, over 50% in the past three years. 29% last year. the company had shifted away from the retail partnerships, which was a mistake, and that allowed competitors in and pulled back on the new product pipeline. so there's a focus on major spot categories. where nike used to dominate was marketing. there's a push on some product innovation, specifically in running, think dick's foot

locker, but we see nike bringing back the market dominance and core identity. starbucks, shares are off 5% last month, but just like nike, there are some parallels here. they have a new ceo, he had his first earnings call in october with a clear vision to turn around the business. but he accepted that changes needed to be made instead of defending poor performance. the main focus is to adjust processes during traffic surges and reducing all the menu items they have to become more efficient. so lastly is target. simply, target is oversold. they are -- shares are off 2% last year, while walmart is up 74%, and target's got an attractive valuation, relatively speaking. so they've had a heavy miss on their estimate earn stimate.

more inflationary issues and softer demand from the consumer. they have implemented on the turn around side, heavy price cuts. some promotions, and they pushed their 360 circle program. so a lot to like here. we see target turning this around and working through this inflationary environment. >> also. matt powers, thank you very much. we'll see you soon, sir. >> thank you both very much. still to come, the netflix watch list. subscriber growth, sports and profits. what that i do want now? th'she"perun" returns. lch carl: what's up, carl nation! it's your #1 broker with the best full-service wealth management skills in the biz. tech asst: actually i'm seeing something from schwab. (uh-oh) producer : yeah, schwab lets you invest

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trump commuted the sentences or ordered the dismissal of cases against all 1500 people facing charges. the suspect in the killer of tupac lost a bid to have his charges dismissed. a judge cited that he was unable to prove that he struck deals with prosecutors years ago. the s.e.c. is forming a task force dedicated to crypto o currency. it comes after president trump promised on the campaign trail to create a crypto friendly administration. and days after he launched two meme coins named after himself and the first lady. kelly, back to you. >> anjelica, thanks. it's time for three stock lunchables, where we trade three different stocks on the move. we're joined today by the ceo and chief investment strategist. ava, great to have you.

let's start at the dow. it had better earnings, 3 m's stocks up 3%. do you jump in now? >> no, i think it's a sell. it was once a great entrepreneurial company. but now we all use technology. so i think their best days are behind them. they have good earnings, but we need to realize that the stock is down 36% the last seven years, and the growth margins have dropped 7% in four years. they're trying to reinvent themselves, so they did have a spinoff of one of their divisions, but we don't think they can compete in this environment, especially due to the lack of technology. >> all i know is post-its have gotten expensive, but maybe pricing power is enough. what about moderna? they secured $600 million in government funding for bird flu vaccines. >> it's another sell. this used to be perhaps the best

covid play. we used to own it during covid. the company is down 92% since their all-time high during covid. and i think that $600 million government contract will not be enough, given their sharp decline in revenues. they have massive losses. margin contractions. so they'll have to do a lot of work, probably resize the company. they do have $6 billion in cash that they can use to reinvent and restructure themselves, which i think is needed. >> yeah. and maybe at some point you change your view on that one. but one thing you like is t-mobile. it's not necessarily this the news today, it's fractionally higher, but you think the connection to elon musk's star link becomes a bullish catalyst with trump taking office. >> definitely. we are fans of the elon musk trade. we made spacex our biggest

weight, and t-mobile has a partnership with star link that allows them to compete and expand their foot print and seven underserved areas, and also aviation. so we're bullish, especially when it comes to the elon musk trade. spacex again is our biggest weight. and so as an extension to this, if you want to have an indirect way to have a trade, and you already own t-mobile, it's a great name to own. >> up 32% of the past year. ava, thanks. appreciate it today. cnbc is accepting nominations for our 13th annual disrupters 50 list of private venture backed companies. to nominate somebody, scan the cr code. we'll be right back.

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welcome back to "power lunch." rick santelli here. what an interesting day for the new trump administration. lots of green, and the price of treasuries, lots of green in equities. 2s and 10s on one chart. what should jump out to you is how rates have trended lower. but two-year rates, they're a little more stubborn today. yes, the yield curve is flattening. two-year virtually unchanged. do remember, we have a 10 that's at 4.57. open that year-to-date chart, we're unchanged on the year on the 10-year, and it's down a handful of basis points, flattening the curve. why is it? well, we have seen the lead that used to be long dated treasury yields pushing rates higher. now it's switched and moving

lower. i think it was a lot of policy uncertainty, and the notion you could call it trump derangement syndrome, whatever you want, but the economists were all about half empty on tariffs. as we come in today, maybe the talk should be about deregulation, all those signings. but it's going to be an interesting second term, and how much interest rates move up, we'll have to wait and see what the actual legislation and some of the issues regarding tariffs, and who they're aimed at before maybe we start selling those long-dated treasuries again. brian, back to you. >> it's like an embarrassment of news, and only day one of the new administration. rick, thank you. coming up, back to stocks. netflix, their numbers due out tonight. we're going to get some key insights and what to watch for with netflix.

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netflix, which are higher ahead of its earnings after the bell today. so what are some key things to watch for? tim nolan is here with us, a senior tech analyst, got an outperform on netflix and you just hiked your price target 20% about a week ago. why? >> we think it's going to be a good quarter, and we think there are good drivers for netflix in the intermediate and the longer term. so i think for the quarter, keep in mind, this is the last quarter we'll get subscriber numbers from netflix. >> i know they're moving away from it. >> this is the one number that has been driving the stock for over a decade now, and we won't be getting that number anymore. it creates an interesting setup where we'll be looking at revenues and what's behind the revenues. so first of all, i think it's going to be a good quarter, because there's some big events. the nfl on christmas had 31 million viewers globally, which is an important point.

we're looking for -- the jake paul, mike tyson fight, that was well over 100 million viewers. "squid games" second season came out around christmastime. so a lot of big things that can drive viewership. >> how much of this might be priced in, when the narrative has been that good. you look at revenue growth and not earnings or profits. it sounds like growth is the most important thing for this stock. >> what i meant was, without subscriber numbers to build into the revenue number, we can only make up revenue numbers as forecasts. we'll just have revenue instead of all the buildup to revenue that we're used to. but operating profit is critical. look at the other companies in the streaming space, disney plus, et cetera. all these companies are struggling to just get into break-even territory right now.

netflix will be pushing 30% operating margins in a couple years time. >> people that bought the stock ten years ago always hoped to hear that. >> and it's still growing. so the near term story for tonight is going to be what the numbers were, how that drove things. then the question is, what are they giving us in terms of guidance that will help the company going forward. but you've got, i think an interesting setup with the advertising tier becoming an important driver for netflix. >> glad you mentioned that. that's what laura martin last hour talked about. why is it so important and what is so important when you try to figure out how much money the ad tier is making? >> first of all, probably the advertising tier has driven subscribers up to start with. they talked about new subs coming on in the advertising tier, so probably some of that growth is coming from advertising.

it's a lower price point. it started off interestingly being a creative to the revenue versus the standard plan. they have since talked about that arpu coming down. but since then, they made the decision to go with some of these ad tech outsource suppliers, that can help them monetize their advertising much more effectively. it will take a little while, but we're looking for an upturn in advertising. so we're estimating $2 billion in revenue next year, $4.5 billion the year after that. it can take off from there. >> i'm going to say something i should. but we use apple tv at home, as well. we have cable and we have apple tv. when i put something into my remote, you can use it by voice, i don't know where the content is coming from anymore. nor do i care. i don't care if it's netflix, hulu, it's the content. i was thinking about it

yesterday, is this going to damage the brand, because why don't we care where this is coming from? what is to keep me engaged or paying? >> if you go to say watch the nfl game on christmas day, and you're not playing for netflix, that's how you find out. >> to the point of the sports -- >> just because of the nfl? >> all kinds of reasons. i think people associate content with context. i think there is a brand affiliation with netflix. but getting to the interesting point of sports, which we're early in this. wwe is time now that started just a couple weeks ago. that is 52 weeks per year of live event content. and i believe that drove something like 2.5 times the viewership on its first week than it did last year on cable

tv. >> i would love some color on that. that's a big deal, because it goes to one point about netflix, up like the other platforms, people start their viewing on netflix. they're going there to figure out what they're going to watch. >> because there is so much that you can watch. >> exactly. >> down the road where it gets interesting, netflix is moving into live sports. they have the next two women's world cups in '27 and '31, i think it is. what's really intriguing here is major league baseball can opt out of its contracts with traditional tv networks after the 2028 season. so major league baseball, within a year or two, might be renegotiating contracts for the next batch. nfl has opt-outs in 2029 and 2030. >> i see where you're going with this, but these are going to be expensive. do investors want netflix -- maybe they do. >> we estimate netflix made

money on the two nfl christmas games. yes, it's expensive, but look at the global audience. these two christmas games added 4 million, 5 million viewers. as the nfl is building its brand over time, you'll get a lot more global viewers. they have a much, much bigger wallet. $7 billion in free cash flow next year. they have the money to pay for these things. >> tim, thank you. it will be a fun afternoon. we'll be right back. ♪♪ well would you look at that? jerry, you've got to see this. i've seen it. trust me, after 15 walks, it gets a little old. ugh. i really should be retired by now. wish i'd invested when i had the chance... to the moon! unbelievable.

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on the stock with a strike price of $20. >> i think that's the reason the stock is moving more than the ai thing. nancy and her family were very good traders last year. >> they're widely followed and then you throw in the jazzy ai thing. they need to get into ai next. >> thanks for watching, everybody. >> "closing bell" starts right now. >> thanks so much. welcome to "closing bell." i'm scott wapner, live from the new york stock exchange. we begin with stocks on the move as president trump spend his first full day back in the white house. let's show you the majors with 60 to go in regulation. green everywhere, as you see. no announcement comes of any tariffs just yet, and that's been welcomed by both the bond and the equity markets. yields were down, stocks have been up all day long. take a look there at the ten-year specifically, 450. oracle shares are jumping on news it's planning