green -- >> what about irish? stuart: i'm wrong. [laughter] chop me off in my prime. it's may. here we go. the answer is may. emeralds are meant to represent rebirth. they're also a meant to bring foresight, good fortune and youth with. i should try to remember that next time i buy any precious gems. you know, we're almost out of time. bitcoin did cross $9 2,000 today, we thought we'd close out by telling you that. ashley, thanks for being here on the trivia question. i think you knew the answer -- >> i said i got it from my brain which was given to me by someone else on set right before. stuart: our floor manager knew the answer and told everybody. neil starts his program in 3, 2, 1. neil? if. neil: i wonder what the month is for cube -- cubic sirh sirh --

zirconia? [laughter] stuart, great job, as always, my friend. we are following a lot at the same time. the trump push to fill his cabinet, in a matter of days he could have it done. hen there's the dicey little issue of getting everybody approved. edward lawrence on the search, it has wyoming widened. grady trimble on doge, two very rich guysing up with plans to save potentially trillions of dollars. lauren similar net the city the is on -- simonetti is here also. let's go, first, to edward lawrence and a little problem certainly on the treasury front but not only there, right? >> reporter: the cabinet is taking shape, he's got a number of names laid out with one big blank spot. from his first term, we know he allowed concern relied heavily on the treasury department trying to run his trade through treasury. he's got a number of picks, and on that list is also the former u.s. trade representative,

robert lighthizer. capital management founder scott bess especially, and howard lutnick -- scott bessent, were seen as the front-runners. elon musk saying he sees howard lutnick if as someone who will actually enact change. musk has a lot of sway. the other parts of the cabinet pick were more clear like the trifecta to take on energy reform. possible energy secretary, chris wright, who runs liberty energy, a colorado-based fracking company. and you spoke to him last week. >> so today the size and security of american energy tamp temperatures down the -- tam pens down the impacts of geopoll to ticks so much more than 10, 20, 30 years ago. yes, if israel strikes hard at iran and that puts at risk iranian exports, absolutely, that would push the price of oil up. if it's a nothing burger and nothing happens, you'd probably

see downward pressure if on the price of oil. >> reporter: president-elect trump sees energy as the key to national security, starving iran and russia of money. we're missing one huge aspect if for this global academic brain trust, the trade post has also not been selected and we know that president-elect trump likes the make trade deals one-on-one it's an extremely important post also in his administration. back to you, neil. neil: is there a moving van behind you? biden knows it's not january 20th yet -- [laughter] >> reporter: no, they are building the structure that they need for -- and it's a huge, huge structure that they're building for the inauguration. so that's what's going on. and it's going to be that way until january 20th. neil: edward lauren, thank you, my friend. grady trimble is taking a look at two guys who whether not be cabinet officials, but will have a lot more sway than a lot of officials, that is paring a lot of waste in government. how are they doing now with their plans, grady? >> reporter: well, neil, it

appears that that very little is off the limits for elon musk and vivek ramaswamy as they take the lead on this new department of government efficiency, and ramaswamy says president-elect trump needs to take action asap. >> he's been given, both chambers of congress belongs to re-- belonging to republicans. if we don't downsize the federal government now, it's never going to happen. the people we elect to run the government, they're not the ones to actually run -- who actually run the government. it's the unelected bureaucrats in the administrative action. it's going to be fixed through executive action. >> reporter: okay, is so that's how they're going to do fit, executive action, but what are they going to cut? ramaswamy says to expect massive cuts in the work force of the federal government, and by the way, in that includes contractors. some agencies, he says, could be eliminated entirely. even defense cuts, which are almost never touched, are on the table.

in that interview with maria bartiromo over the weekend, ramaswamy pointed out the pentagon just failed its seventh consecutive audit. pent pentagon officials hope for a clean audit by 2028, and the x account posted they want the simplify the tax code, another way they think they can improve government efficiency. they say in 1955 there were less than 1.5 million words in the u.s. tax code. today, they say, there are more than 16 million words. they say because of this complexity americans collectively spend 6.5 billion hours prefer -- preparing and filing their taxes each year with. some democrats have expressed skepticism that doge is going to be able to make any material changes that impact the national debt without touching popular entitlement programs like social security, medicare and medicaid, but the point that ramaswamy and musk are making, neil, is that there is a lot of waste, fraud and abuse, in their words, right now and that's what they're going to the start with.

neil? neil: thank you, my friend. great job, as always. grady trimble on that. if you've been peeking at technology stocks today, you might notice tesla's up a lot, again. lauren simonetti knows why. >> again, a lot. so there are reports that the trump transition team working on federal regular sleighses for autonomous -- regulations for autonomous vehicles. check this out, companies that make systems for autonomous if vehicles like aurora innovation and mobileye, look at those gains. this is how it works right now. companies need to navigate a complex and state-by-state labyrinth of regulations to get their cars on the roads without human drivers. and we thank them for that. i want to feel safe. but if you have a national framework, you could get licenses fating andal get acrost across state the lines. rbc capital markets says we see private autonomous if vehicles

becoming living rooms, bedrooms and offices on wheels. they don't give a time toline, but they do see -- timeline, but they cosee this as a positive for none other than elon musk. he envisions robotaxis or cyber cabs rolling out in 2026. and a new federal framework could make that goal a reality. wed bush's dan ives estimates that autonomous vehicles are a $1 is trillion opportunity for tesla, meaning tesla's worth $1.1 trillion today, basically doubling the valuation if this becomes a reality. and fast. it would be, according to dan ives, in the next 12-18 months. so this crazy stuff, we're afraid to drive on the road next to fulself-driving vehicles, but it could be happening because there's an ally of elon musk coming to the white house, donald trump. neil: yeah. i'm afraid to try it next to my wife -- >> i'd be afraid to drive next to me, honestly.

neil: is this technology ready to have, you know, the training wheels off of it? i just get the sense even if you're a free market. eric:s r, are we ready to to unshackle it right now? >> you could allow more road tests by taking some of the are regulations off that part of it. so as it stands now, you need to do x, y and z just to test on certain roads in certain places. nhtsa can enable that to happen faster or, bernstein is suggesting a congressional amendment to allow road tests. neil: okay. >> i mean, this is a wild possibility, but donald trump as president can say, you know what? 700,000 vehicles in the government fleet, let's make them teslas. or let's make half of them autonomous, full self-driving cars. so things like this -- neil: well, this act alone today and the pop in tesla's stock just made elon musk billions of collars -- >> $15 billion. neil: the point is a rot of

people say he's doing this for free. well, he's getting some dough out of this. >> do you think elon musk cares about the billions? >> i think you get to a point once you cross a certain level, you don't pay attention. oregon when that was for him. i assume maybe $300 billion ago -- >> yeah. but it could all backfire, and people get hurt, you have lawsuits. neil: that's all you need. hope springs eternal. great job, lauren. thank you very much. all right, reaction to all of these cross-currents, the co-founder of path trading partners, also mitch roschelle, madison ventures pattern ins. -- or partners. you get the government off a lot of companies' backs, let alone tesla, of course, it depends on the company and what they're looking at, this is a preview of what the administrationen wants to do. what do you think? >> i think, neiling that deregulation is probably the best catalyst for capital

investment. i think there's so much money that's been sitting on the sidelines, both private capital and, you know, publicly-traded companies investing in their own businesses because they're just mired with regulation. so the very promise of less regulations, i think, is creating a lot of optimism in the capital markets which is what we need to create, you know, job growth and make our economy prosper. neil: a number of great articles over the last few days, bobby, talking about the great melt-up that is on right now referring to the stock market going up, up, up, up, up. some bumps along the way, but i think of a development like this on the tesla side, easing regulations on self-driving cars. but the fact of the matter is you still have the s&p 500 trading right now, i think, at 22 or 23 times earnings which is north of the a- year average -- 5-year average of 19-to 20 the times earnings. that could be fully justified if the earnings continue to power this up, but what do you think? >> well, first of all, i'd like

to say that i'm a huge fan of the self-driving revolution. a little bit different view than what you and lauren were saying. mostly because i don't think car a will be texting car b as to why car b didn't like car a's selfie in the middle of driving -- [laughter] so i'm a huge, huge fan of that particular technology for the future. not for tomorrow, but for the future. number two, i think the melt-up is largely justified right now more because we don't know the extent or the speed of what doge is going to go. if you look at the department of government efficiency, if they were to to go in there and slash and burn, that could actually be a big short-term negative, long-term positive for the equity markets. but the short-term negative could really set up the democrats for the next congressional election in 2026. so i'd be a little concerned about that if it wasn't vivek and elon who are running it. so i think the melt pup. is the -- melt-up is the correct thing to do. i rarely disagree with mitch,

he's such a smart guy. in terms of the animal spirits being unleashed because in order to grow the economy and keep inflation in check or even push it lower, you you need a productivity miracle. and the way to get that product it is deregulation and tax cuts to corporations so they can, in theory, spend that money on more cap-, and in order to increase -- cap-x in order to increase the productivity of the current work force. neil: mitch, you look at how things really got going under the first donald trump presidency,ing it was not the tax cutses that came quite later, but the regulation cuts. i can certainly see the wisdom of that, get the government off these companies' backs and all. but i am wondering how you see that a benefiting let's say the technology sphere, a big beneficiary under the first trump administration. it's been a big beneficiary under the biden administration, maybe it continues into the next trump administration. how to do you play technology, tesla and all that included? >> well, i think they're a little overplayed right now, and

we'll find out what nvidia's earnings are like this wednesday. neil: right. >> i think we have, you know, it's inflationary ifful we have too much money -- inflationary. we have too much money in the s&p 500 chasing too few names, and that's why they're so frothy. i think that, you know, the real play in this market is probably, you know, just to pick a random name like the united rental as, the john deeres of this world. if we do, in fact, start deregulating and start creating things again or, or even the self-driving craze, we're going to probably have to create a new lane on the interstate for autonomous vehicles which means you probably need to move dirt around which probably means we need big machines to do that. so i think it could be sort of back to the future, old school look at the big sort of industrial-type names that make the economy grow. that's probably where the longer term play is. neil you know, bobby, we're also looking at nvidia and those

earnings that you both referred to coming out on wednesday. but the other thing, it doesn't take much to upset the apple cart with nvidia. talks of the latest incarnation of the blackwelling chip overheats easily. i don't know how big a deal that is. it doesn't take much to punch a stock that's gown to the -- grown to the extent this has. do they have to wildly beat earnings and revenue estimates wednesday? how do you see it? >> well, they would have to, and i agree with mitch, and i don't think that's necessarily going to happen in perpetuity. i mean, when you look at a stock like nvidia, it's like a track star who's broken four or five world records in a row. you don't suspect that in every single race another world record is going to be broken until the time in the 1000-yard dash -- 100-yard dash is zero. also as i mentioned to you, neil, the last time i was on i think we're in the early stages of a reflation their regime in

equities which means a little higher inflation but a lot higher growth. and from my perspective, similar to what mitch said, you end up with two or three sectors that tend to perform in those regimes. one of those is energy which is behind right now which i think could do quite a bit better in the near future. another is industrials. so like mitch mentioned, that particular if sector does really, or really well in reflation their if regimes which is, i believe, we're in the early stages of right now. neil: yeah. and it count hurt when you ignite -- doesn't hurt when you ignite the possible flames of war here. we're going to explain employer -- explore that in the next segment here. allies and ukraine and europe are letting their weapons that they give ukraine, using them to attack positions in russia. that has added to fierce of hire prices, also leading to interest rates backing up. we're exploring that one-two punch after this.

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long range weapons to strike positions inside russia. a couple of other countries, notably germany and france, england have approved the same. let's get the read from jennifer griffin. jennifer. >> reporter: hi, neil. president biden's decision, i'm told, by a senior u.s. official was spurredded by the russian decision to invite 10,000 north korean soldiers into the fight against ukraine in rurtsing in western russia along the ukraine border. a second official adds it's not clear at this point whether the president plans to authorize the use of the attack 'ems or american long range strike weapon beyond the kursk region. president zelenskyy applauded the decision in his nightly address. [speaking in native tongue] >> translator: much is being said in the media with about us receiving permissions for the relevant -- relevant actions, but strikes are not made with words. such things are not announced. the missiles will speak for

themselves. glory to ukraine. >> reporter: that sands for army tactical missile system, a supersonic ballistic missile that can strike up to 1090 miles away -- 190 miles away. it flies higher into the atmosphere than artillery rockets and uses gravity to come back to the ground at a very high speed. it can reach further into russia than any ore ukrainian missile. it was developed in the 1980s to destroy high value soviet targets and can be fired from the mobile high mar launchers and m-270 launchers sent from germany. members of president-elect trump's own family are said he would likely reverse this authorization. other senior republicans have argued this is the best way to strengthen ukraine's hand at the negotiating table as russia gears up to retake ruing and push further into ukraine with the help of thousands of north

korean troops. neil? neil jennifer, thank you. congresswoman maria salazar joins us from the beautiful state of florida, a key role on a number of key committees that could weigh in on this. good to see you. first off, what do you think of this? >> well, i think that it's a little bit too late, and it's the same thing that i've been saying for two and a half years. the f-16s, why didn't he give them, soon sooner or the javelins or the abrams? a lot of military equipment that could have been given the ukrainians, to zelenskyy from day one. weak, weak, weak -- neil: but it didn't stop ukraine from attacking positions in russia, right in so where are we on this war right now? >> listen, president trump won the election. finish the american people spoke loud and clear. that's the american exceptionality, the american electoral system. trump said that he wants to scale down and that he wants to find a negotiation -- neil: what do you think that would be? >> i think that is exactly -- look, there is a new sheriff in

town. all these treaties you can sign, they're as good as the people who sign them, and we know that putin is not a good guy. so i do believe because, you know, i'm cuban-american from miami, my parents are cue a ban refugees, and we know how the russians deal with you. once putin understands trump is in the white house, things are going to change and they're going to be able to speak and nato specifically and europe is going to be a lot calmer because that has been the problem, you know? the europeans have been very afraid because first it's ukraine, then after that is mull doe v.a., turkey or one of our -- neil: but if there is a way to settle this and donald trump is a very good businessman, he would strike a keel that might include putin keeping some of the lands he's won. do you agree that's an adequate way to wrap this up? >> we need to see what the ukrainians are saying. they're going to be sitting at the table. but i do know that putin is, that trump is going to, like you said, he's going to negotiate the best deal possible. but american people have spoken.

we want to scale it back. we have given billions of dollars. we've given all this armament, so now it's time to bring peace. the ukrainians want that too. i talk to victoria spartz all the time, and that's what she wants. she wants to make sure that we end this with the best, in the best method possible or with the best with scenario possible. neil: congressman, what to do you think of the cabinet positions so far from donald trump? >> listen, it's the president. he won the popular vote. no one can question what he is doing. the american -- neil: well, i didn't ask for. that's do you -- are some a little crazy to you? are you a little -- and you're right, it's his call. >> crazy is a very broad, you can -- neil: your colleague, matt gaetz, for attorney general -- >> no, he has, he was very efficient, and he was very effective in what his plans were. i may not have agreed with him in -- neil: but that is his call. if he were to lose some of

these, it's happened to to other presidents, would it be worrisome for you? >> he would have to then negotiate with the nat. like you said, trump is a very effective guy. he is a business guy. he is going to do the art of the possible and try to legislate or to govern with the people that he feels comfortable with. neil: yeah. and he could also be spending -- sending a message, right, with some of these picks to go act back at the institutions he thinks that have failed. what would be the impact then? he assumes office, i don't know if they do this in recess appointments or whatever, that's a senate call, it isn't a house call. i understand that. how do you feel if that's the way -- >> we do know that some of the institutions which are sacred in this country have been penetrated by this left woke, whatever, their own agenda. no one can have a personal agenda. we've got to respect the system and institutions. and we do see that the doj specifically, i i was out here in that the trump trial that was completely called for. if you're concern uncalled for.

if you're telling me the banks do not have a qualm with the guy, why do you want to take him the court? right are there you can see venezuela and cuba, a political agenda. no political agendas from the right or from the left. let's preserve the system which is the best one we have. it's not perfect by -- neil: do you think this will be four years of vendetta going back at these institutions? will that be a theme? >> i don't think there's vendetta. i think there's justice coming and cleaning up the house. look what's happening at the pentagon. $2.5 trillion that have been misplaced. what? i mean, the pentagon has failed seven audits in a row. i mean, that can't happen in this country because, you know, the best army is the army that never goes to war. neil: fair enough. >> we all want the same things we're all americans. neither. neil: what about the border? you been looking at this issue for a while. millions of deportations in the works. what do you think of that? is. >> it hasn't happened yet, but they're going to concentrate

that deportation army on trend day rag what -- tren de aragua. neil: the real criminals, right? >> of course. these people are raising havoc. neil go after them first, but what about going after the others? >> you go after thing trillions first -- the criminals first, and then we have a conversation, what are we going to do with those who have been here for 25 years, for 20 years, have american children, do not have a criminal record, are paying taxes -- neil: i don't believe he's wished though, right -- wished though, right -- distinguished though, right? >> i'm sure they will, and i am going to be one of those voices because i wrote the dig any city act because hose people are needed in our economy. i'm not talking about tren de aragua. do you know there are 500 arrests in times square right here close to you because of this gang organization? how could you have allowed a transnational criminal organization to get into the border? if i mean, to go through the border? let me tell you, the worst thing that the biden -- biden could have made a lot of mistakes, but for the hispanics the worst

mistake that the biden administration made was to open that border and leave it open for four years. why? because you had 10 million people coming and 2 gotaways and the important topics, the ones this i'm talking about, the dreamers, the daca, or the tps, people who have been here for 25 years that want some type of dignity in the promised land -- neil: so don't kick them back. >> no. that has put aside, for four years we could have had that conversation -- neil: and now we have the debate again. >> of course. why did the they miss that wonderful opportunity, the democrats supposedly are the defenders of the -- neil: just hear me a second, don't deport everyone hawaii's what you're saying. not yet. not the 11-15 million -- >> we definitely have to take a look at that, see why are they good in the country. neil: understood. maria salazar, beautiful state of florida, very good seeing you again. >> wonderful to see you. i'm glad that you are doing well. neil if easily reelected, i

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neil: spirit airlines heading into bankruptcy right now. it says it is going to survive all of this and be a bigger, better airline than it was. home springs ea terrible -- eternal. lydia hu has more on that. >> reporter: hey there, neil. and a big question on the top of mind of so many travelers is how will this bankruptcy impact any travel plans they may have this upcoming holiday season like thanksgiving, which is upon us. the short answer is there's no impact. the company is still going to honor tickets and credits and points as normal, but the analysts that i've been speaking to today say, to your point, bigger picture, longer term this could mean changes for the company. spirit could serve fewer destinations possibly with a smaller fleet of planes. if now, bankruptcy is now coming after spirit has struggled sin the pandemic the turn a profit. analysts pointing out that inflation has weighed on customers who are looking for that budget travel option. atmosphere research group says the average household income of

a spirit passenger is $81,000. now leading up to this bankruptcy, the company failed twice the at deals that would have offered a new path forward, the first being a failed merger with frontier iowalines, can and then the biden administration blocked jetblue's acquisition of spirit just earlier this year. listen here. >> unfortunately, you have a department of transportation that doesn't understand the airline industry, or we have an administration that doesn't understand the airline industry, and they blocked it which has hurt the consumer and hurt spirit. that was the only option to them. they can now exist going forward with fewer airplanes and fewer destination, but they're going to be a sound airline. >> reporter: and now leading up to this petition for bankruptcy protection, spirit has been working on cost cutting. just last month they announced a plan to lay off a employees starting next year. but spirit's ceo says this bankruptcy plan, to your point, is going to make them stronger, better, more financially sound. and the irony in all of that,

some analysts tell me it could mean spirit becomes yet another target for an acquisition possibly next year when it emerges from bankruptcy. but this time that would be under the new trump administration rather than the biden administration. so possibly if we see another proposed acquisitions or merger, possibly a different result in that case. back to you. neil: yeah, to your point they had a couple of possibilities that maybe could have avoided what's happening right now. lydia, thank you so much. bobby and mitch back with us. i want to sew you a scene at reagan international airport. alone the plane, spirit airlines plane here. the fact of the matter is you're not seeing as many, and that could be an issue into the christmas holiday here. bobby, you know, this could have been prevented if either one of those mergers or takeovers that would have included spirit were allowed to go through. we don't know whether they would have worked, but certainly, it wouldn't have pushed an airline into bankruptcy. what do you think? >> this is an inevitable result

of government getting involved where they shouldn't. a lot of create ins might say that michael boyd doesn't understand the airline industry, but he certainly understands it more than the justice department does, more than i do from an internal perspective. and when i look at it and i see that they had decided to be acquired or they decided to merge, i'm just not a fan of governments going in and saying that's going to hurt the low cost consumer. if an airline cannot turn a profit at a price, something has to be done. and the justice department dictating what and can't be done, what remedies could be achieved and can't be achieved is simply -- it's a recipe for this kind of a situation. now chapter 11 is restructuring, they are saying that they're going to continue to operate. i'd say that's a positive. i've actually flown spirit recently, not as bad as their reputation that precedes them. and i think the government's gotten in the way of improvements in this case. neil you know, mitch, we do knoe details what happened with

frontier, how that fell through or jetblue and how that pell through, but you could clearly make the argument you would have saved a lot of jobs had you rolled the dice and seen what would have happened. i'm not smart enough to know the details, but i am wondering whether the government might be encouraging bankruptcies by not being open to companies, some of whom are weaker than others, to merge with stronger players. >> if they're encouraging bankruptcies, the government's really passive-aggressive because they turned down two deals -- neil: right. >> -- or they signaled they wouldn't approve two deals that would have otherwise probably saved spirit jobs. moreover, the president, the current president, biden, constantly talked about junk fees. they were, that was, like, a standard hine in many of his stump speeches. and if you look at spirit's operating model for its customers, it's all junk fees. they advertise a really low fare, not have to stand on the

airplane, you had to pay extra for the seat belt. so i think the biden administration if certainly wasn't friendly to the budget traveler because right now what do you have? you have a bankruptcy of really, truly the only budget airline left in this country. neil: i also wonder stepping back what will be the move towards business combinations, mergers, acquisitions in a trump administration. i would assume friendlier, or bobby, but that could be a double-edged sword. play out how the early trump years might go in regard to this sort of stuff. >> i think one of the things that we saw in the last trump the administration and if i suspect it would be the same now is this sort of at least appearance of business-friendliness. and what i mean by that is the shrinking of the government or the staying out of the business of business, for lack of a better way than i can come up with saying that. when you're looking at government getting involved, you're looking at similar results to, for example, the minimum wage hike in california

that caused certain companies to leave california, other companies to just shutter stores that weren't profitable enough the pay. you always a lose more jobs when the government gets involved. you know, i agree with what mitch says about spirit's junk fees, but their junk fees have been transparent if if you read. if there's a certain degree of transparency to the consumer. it's like, look, all we're giving you is a book seat -- backseat that you're only allowed to stand on for this price. when the government comes in and says that a you can't purchase this and you can't merge with somebody that's going to potentially make your job easier or make your company run better, then because it's going to to hurt consumers you end up in the same situation as california did where they want workers to make more money, so they force something through and then these companies a take all of the jobs away. neil: final word on the subject. guys, thank you both. sorry for all this breaking news here. we're also a following nvidia who's due to report after

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everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. ♪ neil: all right, we want to focus on two very big investments, arguably among the most successful investments over the last year or so, bitcoin which has been in and outside the $92,000 per-coin level, down just a little bit today, and nvidia right now down about $3. keep in mind with earnings coming out on wednesday, a lot of people think this stock -- which is, arguably, one of the most successful technology companies on the planet -- could add to those gains. first, brock pierce, the bitcoin foundation chairman, what he makes of what's going on. brock, always good to have you. a lot of this propelled by the election of donald trump, this latest wave. what do you think? >> well, i mean, there's no question the election is what's driving the bitcoin price right now. we've never seen a u.s.

government, donald trump was going to bitcoin conferences talking about this innovation and how important it is to our nation's future. that combined with rfk, vivek, we're going to see the new regulatory body that a come comes into the cabinet next year. i think everybody's just incredibly bullish. i mean, it's -- can. [laughter] i mean, i'm bullish on bitcoin. neil: yeah. well, it has run up far and fast. other people say $100,000 a coin which is now less than 10% from where we are now, it's doable. where to do you see this next year? >> yeah, i think it's very possible we break $100,000 this year, and i think that next year after the inauguration, january toth -- 20th, i imagine we'll probably see an all-time high if i had to predict. i think the market is incredibly excited about the regulatory clarity which is what we've been asking for for 10 years. we want certainty to understand the rules so so that we can play nice and build a great greater

america. neil: you and i have talked about this before, but i like to frame it to people who are doubters of this whole technology, currency, whatever you want to call it, it was the rodney dangerfield of investments. it could never get respect. now it's getting respect. people are building up reserves not only in this country, but in a host of other countries. it's part of an arsenal that central banks increasingly around the world are storing. that on top of the etf thing and getting funds that were pegged to this was a game-changer, remains a game-changer. what do you think? >> absolutely. i mean, the academics of the world were some of the first that got this, the venture capitalists. but thenst the financial institutions, it's big tech. and when the larry finks and blackrocks of the world acknowledge that this technology is real, it's here to stay and they're going to be market participants, we're here. there's validation everywhere. i mean, there's -- anyone that's a skeptic at this point is clearly not reading the tea

leaves. neil: some of the tea leaves are bad if you think about what could propel them, the fact that we're going to be spending a lot more, the debt's going to climb a lot more. traditionally, that could be helpful to, you know, bitcoin as well as gold. but how do you see those two sorting out? >> well, i think you made the right parallel, which is gold. a historic alternative, you know, asset as a hedge. and so bitcoin is just a digital gold. it's probably the simple simplest way to think about it. and in times of financial uncertainty, it's something that everyone should be looking at as something to hold as an alternative. and that is a big part of what has made bitcoin to sock -- so successful. and i definitely encourage everyone not to invest in bitcoin, but to invest in themselves, in their own knowing. if you haven't done it yet, open a coinbase account, go read the

bitcoin supercycle. go buy $20 the worth of bitcoin, $10 worth of bitcoin. not as a financial investment, so that you have a basic understanding of what this technology is so you can make informed decisions for yourself and your future. neil: brock, great catching up with you. he was ahead of this phenomenon long before it was even a phenomenon. all right, in the meantime, another phenomenon, of course, is nvidia. it is the darling of the tech world. most magnificent of the magnificent seven. can it continue that? we'll get a better sense of how things are going when earnings are released after the trading bell on wednesday. ray wang following all of that, constellation research ceo. there's always pressure ahead of the earnings release because the bar is raised higher and higher and higher. do you think they'll meet it? >> you know, looks like they are, i mean, the forecasts are 88% year-over-year growth in the quarter. but what we're all looking at is a little bit differentrd we want to see how the new chip is doing

called blackwell. it's two and a half times faste- neil: is that the same one that overheats a little bit? reports are that's a problem. >> yes. there's reports that a blackwell was overheating in these data centers, but it turns out they've solved that problem. there were some earlier issues in terms of production. everyone's looking for bad news to take the stock down, but the challenge isn't that. meta and google and amazon and all these other companies are basically buying, microsoft are buying $50 billion a quarter worth of data center investments, and a lot of that includes the nvidia chips. so there's a massive refresh cycle that's going to go out in the next 12 months or at least the next 3-4 quarters. neil: when you talk about the magnificent seven, six of the other players are buying precome significantly one player's goods, and that is nvidia's. i am wondering how you see that going though. it is priced to to perfection. others argue that its multiples, though, aren't really out of whack because every time it

loosening -- looks a little nose bleedy, along come earnings to show that a multiple is much tamer than thought. so how do you see this playing out next year? [laughter] >> neil, you're actually the right. they're priced to perfection until they're not. neil: right. >> the good news is there's a plan on the back end, and it's the software that controls all the chips and all the a.i. chips there, and there's an ecosystem behind it. if you watch nvidia carefully, you should be watching what they're making. who's in the partner ecosystem, where they're the informing because there's other -- investing, because there's other stuff in the pike. right now all the attention is on blackwell. in the future it's going to be the services and so the fair that is concern software that is part of the nvidia ecosystem. neil: yeah. there's a great story in bloomberg this morning talking about how the a.i. move is real now. i think they were quoting this morgan stanley conference where all the big players, blackrock and some of the ohs, are all -- others, are all getting together

to mingle funds, trillions of dollars' worth on the bet that a.i. is going to need a lot of funding. especially for sort of like the, you know,s plumbing of this. much like cisco was a beneficiary in the early days of the internet. do you see that still being the drive? >> neil, you're absolutely right. we're at the beginning of the 56789i -- a.i. age. 9 you've got to get the hardware, the networking, hen the software, the mixes ooh comg together. there's a lot more after that. neil: all right. always good seeing you, ray. you were ahead of this phenomenon as well, technology in general. you're still a young guy. ray wang following all of that. we should point out right now bitcoin is doing very well and in the scheme of things when you step back and look at nvidia, well, that's doing very well too. we'll have more after this. ♪ one more look and i forget everything.

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neil: all right, for netflix it turned out to be a hit after all despite supreming difficulties in that fight that went the distance. there were a lot of people who were noticing buffering problems having streamed it and the rest. apparently, that did lead to an early selloff a, but the stock is in and out of an all-time record. in case you're counting, netflix shares are up about 70% so far this year. overcoming pretty much all its major with rivals from disney to comcast and a host of others. this despite all the problems. remember, they are boeing to be having christmas day games broadcast on their site. hope springs terrible those won't have some of the same streaming difficult key, but investors don't seem to care. let's go to brian brenberg and the "big money" guys. brian i'm br