need to break the addiction. the tech bros hads have hacked our engagement levels and figured out to game society to keep us engaged to maximize our attention to this and i think it's time to break the habit and put it down for the holidays. cheryl: final word. >> we couldn't put our phones down on the show. we're not on our phones we're talking to you the viewers, but here, we are. you're right. maybe we should, you know? cheryl: some do believe the market is a gamble. i don't think it is. it's a great investment but thank you very much for being here great to see you both. all right, well, that is it for me, but believe me, taylor riggs, when i tell you i am seeing some of the most funny responses so let me ask you, would you charge your guests if you were hosting? taylor: charge? cheryl: charge. charge them money. taylor: no. would you? cheryl: no comment. no just kidding. i wouldn't. taylor: cheryl i had a christmas wish for you that i hope you go home, take a nap and

do a nice long run and enjoy your weekend. you've earned it. cheryl: thank you, so have you. taylor: we have a fox market alert stocks heading lower on the last friday of 2024. hello i am taylor riggs i am in for liz claman. this was shaping up to be a significant sell-off but as you can see , we're a little bit off the lows of the session. at one point the s&p was up more than 1%, the nasdaq was up more than 2% and we're sort of coming back up off those lows so that's good news. here is other good news stocks are holding on to gains for the week. the s&p 500 is on track to snap a two-week losing streak. the dow and the russel 2000 are the small cap stocks also on pace to snap a three-week losing streak. and tech stocks also continue to lead for the week you have the nasdaq on pace for a fifth up week in six. let's stick with big tech because that is the focus particularly with apple. we are on $4 trillion market cap watch. i think that number we said was

around 264. you're about 10 points away from that but again if we hit that 264, you're right around $4 trillion. we're doing this all with our floor show joining me now i'm pleased to say p-pack private wealth senior portfolio strategist david deets and keith fitz-gerald. great to have you both. david let me start with you here. again this sell-off. light volume. do we get worried is this something for a bad january? >> i could even argue this is kind of healthy. we have seen, this is the second year in a row, more than 20% and the group of stocks being hit hard today, these are the stocks up anywhere from 20 to well over 100% in the case of nvidia. at some point people do need to take some profits. we thought it was january 2. some people could defer the taxes and of course the money is rotating into some of the unloved areas of the market. who knew, consumer staple stocks are all up. why have they been down all

year? at least getting some love today. taylor: keith desperate for your thoughts on apple. i talked about trying to get up to $4 trillion. do you think that apple is still under rated by this market? >> no question in my mind that's the case. taylor: is it almost 4 trillion? >> $4 trillion, with a t. i can't believe we talked about this a year ago and said this is the one that wins. i think they are just getting going, taylor. people just don't understand how dominant this is. how many people are going to access some form of a.i. through apple devices and how pervasive apple devices are in our lives. this is a horse race just getting started. taylor: so david talk to me more about that. when we think about tech leading the sell-off, apple is in there, amazon is in there, microsoft is in there. how much of this are concerns a little bit about valuation or do you agree with keith that these are companies that are still sort of relatively under appreciated by the market? >> well certainly when you look at earnings for next year they are outstanding and it's led by

the tech group so at least to the extent they are over valued they are for a good reason, because these earnings are going to be so good. now, i would, as much as i respect keith there, i'm going to pushback a little bit on apple insofar as historically, that stock has traded with a mid-teens multiple and now it's well into the 30s but the growth rate isn't that much picked up. now, i love the idea of a.i. and my iphone. how much more are people willing to pay for iphones as a result? taylor: i am not. i refuse. keith, i don't know, are you shelling out another thousand dollars to get apple intelligence? >> no but i bought more apple stock today and i just got a new iphone as a matter of fact. taylor: all right so on that note, talk to us because we're going to give that to you. are you worried going through your notes one of the worries is just the concentration of this market. we talked about the equal weight of course not keeping up with the market cap weight of the s&p 500. is there a concentration risk with big tech? >> well lots of people think they are but they don't

understand their history. if we go back to 1950 you had three companies making up 30% of the s&p 500 by themselves. 1960, at&t took up 15% all by itself so we're well within historical norms so the other thing people talk about when it comes to concentration is it's just these companies. what they don't understand is just ni these companies have diverse revenue streams and if it's tesla, robotics, this , that, apple is the same thing. devices, phones, licensing, billions of devices so the companies themselves are in fact spread out even though the name appears concentrated. taylor: and they are the ones pulling in free cash flow of billions and billions and billions of dollars. >> bingo. taylor: david talk to me about concentration risk in the way it adds to volatility especially as i'm trying to plan volatility for next year. >> our work shows historically as concentration go up in the market particularly to the extent it's the one pulling up the valuations that's followed by some weakness. keith is absolutely right .

there's always been a few companies to the top. problem is if you constantly reloaded your portfolio into those big companies, you actually underperformed the overall market so usually the biggest guys have the toughest time growing from there. it's usually those mid-caps and small caps that ultimately can sustain the earnings growth. taylor: keith talk to me another stock pick that you have is palantir. i think coming into this year, this was one of the most in terms of under rated by the market, palantir. it's one of the top performers. its been added to multiple industry it sees. indices and this has defied logic at almost $80 a share. how should i think about the massive run palantir has for 2025? >> well, it depends on your perspective. we were very lucky to get that one right. we could have easily been wrong, but again, here is a case of another company that is integral to our national defense, to a.i. there is no competitor doing what it does. customers are running to it not

away from it and you're talking about growing 70, 100% in some revenue use cases so again, i'm holding on. i bought more of that one today too so i think we're in for the long run looking at a spectacular run from here and i'm very excited. >> keith i'm going to pushback insofar as valuations do matter. this is a company that should earn about $0.06 on a $80 stock and price to sales close to 100. now, they are making head way into the defense business, but isn't mr. trump the president is going to end wars not start wars. of course they want to sell to the government in other ways but aren't the doge team going to reduce spending and finally of course they want to be the web-faced a.i., but guess what? i wouldn't want to compete against microsoft, alphabet, apple. those companies aren't going to be easy. be careful what you pay, keith. >> tell you what, i'm going to pushback on your pushback and i love you but return to scale is the deal if talking about manufacturing then accounting reflects that pe's accurate so is free cash flow and valuation

but if you're talking about return on scale, pe's don't matter because what's happening is the digital spend is expense, other stuff is amortized and very different equations. taylor: david, pivot with me as well. i'm looking at your stock picksh cvs, nestle. make the case. >> absolutely so cvs is at the heart of healthcare and after technology healthcare has the greatest earnings growth next year with the pbm, the pharmacy benefit manager and number one in terms of retail outlets for drugs and of course aetna. of course, the opportunity is because we may almost have trump healthcare, right? and but when we look back at history, hillary healthcare, obama healthcare, all these healthcare stocks went down but it's easy to throw rocks into the system and hard to redo it. come back to cvs with the 6% dividend eight times earnings is a winner. taylor: keith finally last thoughts as you look to 2025, federal reserve bond yields at

4.5%, deflationary forces with doge coming in, do all of those make you worried about the market? >> well you know here is the thing. i wouldn't be very good at my job if i worried about that stuff. i think they are an opportunity. the question is how you address them to davids point and i love you man, the way you handle this stuff. if you're looking at the hot stuff that's not the right question. if looking at what's going to be there and when you need it that's the thought process i'm applying to this. taylor: well this was really fun. i loved having you both and i learned a lot and got to laugh a little bit. i'm still not buying a thousand dollar iphone but keith i love you're buying the stock. really great to have you both. i'm still on like the iphone 6. >> [laughter] taylor: awesome happy new year to you both. all right meanwhile the new administration from trump of course is not waiting for inauguration day to make their message loud and clear. the u.s. government needs to get more efficient. tesla ceo elon musk the presumptive head of the get

of government efficiency, even went so far as to compare the government to the department of motor vehicles. he posted this on x last night. "the reason the government is so insanely efficient is that those in the government are spending your money on somebody else." that's why we should minimize how much the government does. it is simply a giant version of the dmv. grady trimble outside the white house with details on the department's goals and the new threats as well towards the consumer financial protection bureau. hey, grady. reporter: hey, taylor. yeah, that is doge's latest target, elon musk and vivek ramaswamy have talked about consolidating or maybe even outright eliminating some financial regulators in the united states and now they are doubling down on that. in a post on x, vivek ramaswamy is calling out the cfpb for overreach, because of a rule it finalized less than two weeks before christmas that has to do with overdraft fees.

he says that rule will drive more low income americans to high cost pay day loans and writes this latest gamut of the cfpb is a symptom of a deeper unconstitutional cancer of unelected bureaucrats substituting their policy judgments for those of congress. he goes on t say it is unamerican and needs to end. the rule he's talking about is part of president biden's war on what he calls junk fees. it requires banks with more than $10 billion in assets to reduce their overdraft fees from an average of $35 to $5 when an account goes negative. banks also have the option to charge only what overdrafts cost them in losses, or they can charge any amount if they treat the overdraft fee more h like a loan and disclose the interest rate. the "wall street journal" editorial board is chiming in on this saying by the biden administration's logic, hardly any fees are justified even

for free checking, regulators think every customer is in need of their protection and evidence is an afterthought. the board are calling on congress to repeal this new cfpb rule and there's also a bunch of groups that represent banks and credit unions that have sued the cfpb, trying to block the overdraft fee rule from going into place. it sounds like the heads of doge like elon musk, if they get their way, want to go a step further from just blocking the rule. they might want to eliminate the cfpb entirely, though i'm not sure there's much appetite to do that in congress. i guess we will have to wait and see taylor. taylor: we're doing a lot of waiting until january 20, grady. happy new year, grady talk to you soon. >> same to you. taylor: along with the steady stream of gifts from santa nfl fans were treated with a steady stream of football action on christmas day. this is all thanks to netflix. we have details on their record setting day in what it's doing for the stock today. and later, mr. wonderful stops

by the "clayman countdown." we're asking kevin o'leary if he thinks canada be better off as the 51st state, and we're getting his views on buying tiktok as its chinese owners face a potential ban next month. much more, straight ahead. to go further, you need to be ready for what's down the road. as energy demand continues to rise, we're harnessing breakthrough innovations

to increase production in the u.s. gulf of mexico. our latest deepwater development, anchor, produces previously inaccessible oil and natural gas, allowing us to deliver the energy we all need today so everyone can follow their own road. that's energy in progress. ♪ there was a tree, down in the woods ♪ ♪ the prettiest tree, ♪ ♪ that you ever did see... ♪ ♪ now the tree has roots that need water to grow ♪ ♪ grow jobs, grow skills ♪ ♪ make the whole world go. ♪ ♪ make the green grass grow all around all around. ♪ ♪ make the green grass grow all around. ♪ at jpmorganchase, the investments we make help make businesses happen, that make jobs happen, that make communities happen. together, we make momentum happen. (♪) car, this isn't the way home. that's right james, it isn't.

car, where are we going? we're here. (♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com since 2019, john deere has invested more than $2 billion in our american factories. today, we're nearly 30,000 u.s. employees strong. in more than 60 u.s. based facilities, across 16 states, we couldn't be more proud to play our part in supporting americans who work the land and build a better tomorrow. ♪ nothing runs like a deere™.

it's our son, he is always up in our business. it's the verizon 5g home internet i got us. oh... he used to be a competitive gamer but with the higher lag, he can't keep up with his squad. so now we're his “squad”. what are kevin's plans for the fall? he's going to college. out of state, yeah. -yeah in the fall. change of plans, i've decided to stay local. oh excellent! oh that's great! why would i ever leave this? -aw! we will do anything to get him gaming again. you and kevin need to fix this internet situation. heard my name! i swear to god, kevin! -we told you to wait in the car. everyone in my old squad has xfinity. less lag, better gaming! i'm gonna need to charge you for three people. taylor: welcome back. take a look at shares of netflix pulling back about 2% on the session, even after setting new streaming records with its christmas day nfl games. netflix averaged more than 24 million viewers during both the chiefs steelers match-up and the ravens texans game. those figures beat the previous streaming record of 23 million that was held by peacock

for the january playoff game between the chiefs and the dolphins. take a look at shares of ametacys, climbing gosh almost 5% after the home care services provider and united health extended the deadline to close their $3.3 billion merger agreement. the take over was first announced in june of 2023 but has since faced regulatory hurdles. united health as you can see there off about three-tenths of 1%. meanwhile, amazon and amd are two stocks we're looking at this hour. administrations to the downside, amd up a little bit but competition between the two tech giants is heating up. a report today from business insider says that the amazon web services, aws, planning to spend less on products from a data center infrastructure company that's being acquired by amd. aws reportedly spent nearly $2 billion last year on products

and services from that company zt systems. meanwhile super microcomputer plunging to the depths of the nasdaq today. shares as you can see lower by more than 4%. there's no real recent news but this has been a rollercoaster of a stock for 2024. shares were high of 119. then they hit a low of 18 bucks a share. dow jones market data showing it is the most volatile stock in the s&p 500 this year. all right, super micro may be near the bottom of the nasdaq, but has the housing market found a bottom yet? mother/daughter real estate duo dolly and jenny are here to tell us what they see in their listings about the state of home buyers across the nation and make sure to tune into "the big money show", brian brenberg, jackie deangelis, and i, have all of the breaking market and economic news, each weekday at 1:00 p.m. e eastern. it's only here on fox business.

we're coming right back.

i'll be home for christmas. you can count on me.

please have snow and mistletoe and presents under the tree. right now all over the country, kids at shriners hospitals for children™ are able to go home and be with their families for the holidays. and it's only possible because of the monthly support of people just like you. thanks to a generous donor, every dollar you give, will go three times as far to help more kids. with your gift of just $19 a month, only $0.63 a day. we'll send you this adorable love to the rescue® blanket as a thank you and a reminder of the care you'll be providing so kids can be with their families. christmas eve will find me

where the love light gleams. it only takes a moment to call the number on your screen. or you can visit loveshriners.org right now on your phone or computer. your gift of $19 a month will have three times the impact in the lives of kids like me. because every child just wants to be home for the holidays, and your gift makes that possible. your call is the best gift of all. your gift will be my favorite christmas present this year. please call the number on your screen or go online right now with your monthly gift. and when you become a monthly donor, your first gift will be tripled. thank you for giving.

taylor: all right if you stepped out of the housing market in 2024 maybe 2025 is the year yet to get your dream home. the national association of realtors recently unveiled a list of 10 markets as their top performers in 2025 that considers factors like a good financing environment, job growth, home price depreciation, and a few other things. it is interesting to note that six of those 10 areas are

located in the south. two of them in the carolinas, other areas are indianapolis, indiana, grand rapids, michigan and boston, massachusetts. but now with interest rates ticking back up again, does that prevent people from rushing to those hotspots? we have the guests who can answer that question. in a fox business exclusive i'm pleased to say, dolly and jenny lens, the ceo and managing director of dolly lens real estate. so great to have both of you here with me. >> thank you. taylor: from sort of the hotspots they listed off as the top 10 for 2025, what stands out to you? >> i mean, i think the fact like you said they are in the south and that's expected. so it only stands out in that finally we get something expected. people want to be in the south generally taxes are lower, generally it's a friendlier environment and specifically in the markets they discussed, we're seeing prices that are reasonable. so it's somewhat affordable.

>> and like you said job growth. where young adults have an opportunity there as opposed to florida that got so expensive so quickly and we're just seeing on the high end something completely different so we think luxury buyers are still florida, texas, miami, palm beach but it's a very different story at the lower-end. taylor: what you didn't mention in there is california. i'm from there, from san francisco a week ago. desperate hoping for a big turnaround because it is a state that's seen an exodus of people. high taxes and people are rethinking if that's where they want to be. what do you notice about california? >> 200,000 people moved from california this year which is huge and the median home price is about 800,000 where across the u.s. it's 400,000. there's also more crime there than other states. people are going to continue moving we think in 2025 as well. >> and the taxes are the highest in the nation. state tax is over 13% alone. it's number one, so 200,000 migration out, state tax 13-plus

percent makes perfect sense. taylor: you both mentioned wealthy buyers. where are the wealthy moving? what do they want? >> well they are moving wherever they want to move but what they want is safety, low taxes, a nice environment, so a golf club, so golf courses, nice places to live. beauty around them like san francisco would have been one of the biggest places they moved until the recent problems. beauty is really important to them. >> we're seeing in the luxury market in manhattan 37 deals were signed, which is the third-highest week of the entire year and that's because of a little bit of a trump bump in the market. taylor: talk to me about the trump bump because i'm looking not today. we know equity markets are down but this is a market up 25-30%. are people then saying okay, i've had two back to back years of 20 plus gains in the market. i'll take some of that money and invest it in something like real

estate? >> no question. so you're looking at that right and looking at cryptocurrency going from 60,000 to almost 100,000 overnight, seemingly, and it's just crazy. they are saying yes okay this can't last forever and telling us that. i want to take a little off the table like you see nvidia selling off a bit, right? because they want to take a little off the table, lock in my gains, buy a house. jeff bezos bought a bunch of houses. >> and the property right next to him which is just a lot, no house, is on the market now f for $200 million in palm beach. we're expecting him to maybe look at that and that's why they priced it so high but that's where they want to live. it's safe, low taxes, and beautiful. taylor: so the luxury market that you're talking about is probably not dependent if at all or don't care about interest rates going up, but for the majority of americans, we are looking at fannie mae i think yesterday said the rates were back up to 6.85%. other surveys have a 30-year

average closer to 7%, so for those of the middle class who actually really do need to finance and depend on that is that not taking up any demapped or making me think twice about pulling that trigger when i'm paying now 7%? >> it's making you think twice, but i think at the end of the day, you need a place to live. it's not like you're buying some other asset. you'll live in, bring up your children and go to school in this location, so you really need that. of course you can rent but i think a lot of people feel they want to be on the property ladder. >> and that's the way to wealth historically. mortgage rates have been between 6-7% this entire year. we did hope they would come down a little bit but they were at a high of a think 7.22% in may and they came down to 6.08 but at least we have a gauge as to what's going on and you can make a plan. okay if these are the mortgage rates now maybe i can buy. obviously if you think they are coming down 20% that's going to

hold off. taylor: i remember my realtor one time said to me you marry the home and date the rate. you can always refinance later. easier said than done when you think about it. >> that's problematic lately because anybody who took an arm, adjustable rate mortgage and now they are coming due, guess what? you'll pay more, and they aren't happy, so it doesn't always work. taylor: i want to talk quickly because we only have a minute left. you have been doing a lot of work on tariffs and the way that may impact homebuilders and eventually the consumer. what are you finding? >> president-elect trump has potentially imposing a 25% tariff on goods from canada and mexico and that could be a big negative because obviously, we get most of our foreign supply of lumber from canada so that likely if not all in part will be passed on to an already-stretched consumer as we said in the middle class. >> but there's a good side so if you look at somebody like just say anthony pratt whose the box king of the world, you

know, he is increasing facilities in the u.s. as a result of that. he's australian, increasing facilities here, building all kinds of things, has i don't know how many hundreds of thousands of jobs that are going to come as a result of this. so there's a positive as well so it is good for america, right? so i think there's both sides but america will gain if people say hey, i have to make it in america or i'm going to pay a tariff. taylor: and people just want more supply as well to help ease some of the shortage that we all experienced. this was really fun. >> thank you. taylor: happy new year to you both. thank you. taylor: meanwhile, what are tiktok stars like charge it demalio going to do with the popular social media app gets banned? we're asking kevin o'leary, aka mr. wonderful what he thinks will happen when tiktok gets its day in court. the "clayman countdown" is coming right back.

customize and save with liberty mutual. customize and sa— (balloon doug pops & deflates) and then i wake up. is limu with you in all your dreams? oh, yeah. only pay for what you need. ♪ liberty, liberty, liberty, liberty. ♪ confident. measured. ready. the markets, like life, will turn and challenge us. but when emotions run high, we stay grounded. with the hcm buyline, we work to empower investors, in navigating market volatility and complex conditions. we provide a diverse portfolio with proprietary mutual funds and etfs aimed at growth and preservation. so you can invest with confidence. visit howard c.m. funds dot com.

(man) what if my type 2 diabetes takes over? (woman) what if all i do isn't enough? or what if... (vo) once-weekly mounjaro could help? mounjaro helps your body regulate blood sugar

and mounjaro can help decrease how much food you eat. 3 out of 4 people reached an a1c of less than 7%. plus people taking mounjaro lost up to 25 pounds. don't take mounjaro if you're allergic to it, or if you or someone in your family had medullary thyroid cancer or multiple endocrine neoplasia syndrome type 2. stop and call your doctor right away if you have an allergic reaction, a lump or swelling in your neck, severe stomach pain, or vision changes. serious side effects may include inflamed pancreas and gallbladder problems. taking mounjaro with sulfonylurea or insulin may raise your low blood sugar risk. tell your doctor if you're nursing, pregnant, plan to be, or taking birth control pills. side effects include nausea, diarrhea, and vomiting, which can cause dehydration and may worsen kidney problems. (woman) i can do diabetes differently with mounjaro. (vo) ask your doctor about once-weekly mounjaro.

(baby cooing) - [joe] sacrifice. surrendering your desires for the sake of someone else. sometimes sacrifice is tedious. sometimes it's rewarding. and sometimes it takes everything you've got. (man yelling) - i love you guys. - i love you too. - be careful son. (rotors whirling) (beeping) - [joe] sacrifice. surrendering your desires for the sake of someone else. sometimes it's tedious - [father] you're doing so great son. - [joe] sometimes it's rewarding. sometimes it gives you back more

than you could've ever imagined. the sacrifice they made for our freedoms is priceless. will you please join me in making a small sacrifice for them by supporting disabled american veterans? call and give $19 a month, just 63 cents a day. to help a disabled veteran who sacrificed for you. there's never been a greater time to show your support for our nation's greatest heroes. get this memorial dav blanket when you call and give just $19 a month as a reminder of the sacrifice our nation's greatest heroes have made for you. your gift, no matter how small helps veterans and their families get the benefits they need and deserve. please, call or go online now. if operators are busy, call again. or give right away to helpdav.org your gift today honors their sacrifice forever.

taylor: all right, we are inching closer to a new year with a new white house administration and new trade policies on the way. listen to this. according to bloomberg trump's tariff threats are setting off a global supply chain freak-out. companies are reportedly scrambling across the globe to get ahead of trump's tariffs by front-loading orders seeking new suppliers and renegotiating contracts. the report says it could trigger higher costs, supply chain disruptions, and bottle incomes. now according to the "wall street journal", the parent company which is the parent company of jim beam bourbon whiskey, they are already prepping for "tariff doomsday" and they are stockpiling in europe. the company also going over importing more scotch from the uk and changing sales strategies in the u.s. now the possible tariffs have government leaders and business executives all flocking to

mar-a-lago to meet with the trump transition team. let's go live to matt finn in west palm beach, florida for details on trade talks today, between canadian officials and trump's transition team. matt hou how is it going? reporter: the top canadian cabinet members are scheduled to meet with president-elect trump and incoming border czar tom homan right now in west palm beach and a short while ago president-elect trump posted to truth social a cryptic message about bill gates. you may see him at mar-a-lago some time soon. now you may recall canadian prime minister justin trudeau made a famous visit to mar-a-lago a few weeks ago. president-elect trump has been egging on trudeau saying that maybe canada should become our 51st state and trudeau should become its governor, if canada cannot fix what trump calls a flow of illegal migrants and drugs here into our country. president-elect trump has threatened to impose sweeping tariffs against canada to the tune of 25% on canadian goods.

trudeau told trump those tariffs would crush their country. now today here in west palm, canada's new finance minister and foreign minister are scheduled to hold talks with trump. trump's new border czar tom homan also tells fox business that canada is ready to go on immigration enforcement. now the canadian premier of alberta tells fox that she wants americans to know that canada would like to improve its partnership with the u.s. >> we've got this wonderful partnership we've had since 199o be trade tensions but if we could work on that relationship and also work on some of the border issues, have the americans know we really do want to be a partner in addressing not only our cross-border security issues, but also more internationally the threat of china, the threat of russia, being able to he'll helpour allies. >> you hear the canadian leader saying she wants a better relationship with the united

states. you have top canadian leaders here in west palm today so seemed like there is this momentum between canada and the united states right now. back to you. taylor: matt we keep reminding ourselves he's not even president yet. matt finn, thank you so much. >> right, right. taylor: meanwhile, bitcoin bulls seem to be home for the holidays as the cryptocurrency down nearly 6% in the last two weeks. it could be some profit talking. now, due to of course its record breaking year, as the most valuable token hit a high of just 10 8,000 dollars just in the past month its fallen to just below now 95,000 but will it continue to hit all new highs in 2025? i want to bring in o'leary ventures chairman kevin o'leary. kevin, always great to have you on the program. i keep hearing the first 100,000 is the hardest. how do you see bitcoin fairing next year? >> well it's already done that. i mean, obviously, what this is about is clarity on regulation, because what allows bitcoin to

advance is it becomes a standard financial asset that institutions and sovereign wealth funds can buy. there's a lot of confusion about it through the litigation and gensler brought through the sec and there was a confusion and the u.s. was not leading in this technology, and so with trump putting a little more emphasis on bringing regulation forward the people can understand, not just bitcoin though, but digital payment systems like a u.s. stablecoin. something that can be used to do transactions around the world. both of these ideas are advancing their way through congress and people now think for the first time they have a chance of passing, and so the prospects for bitcoin and digital payment systems into the trump administration is very bright and i think that's why i'm long bitcoin and one of many investors that believe this asset class will become a very interesting place to invest capital. taylor: i keep hearing the a.i. and crypto czar is the real deal. how helpful will he be to

this space, particularly in washington? >> well we need clarity and regulation. i mean, the truth is that financial institutions were the majority of capital is invested and sovereign wealth and pension plans, even university funds, they do not put assets into asset classes where their own regulator is litigating and that's basically been the environment for the last four years, and so now, we're waiting to see oh, okay, we get a new leader at the sec. the cftc that regulates commodities. just tell us what the rules are, and once you do that you're going to see a lot of capital coming into the space and that's really what the excitement is about is finally getting regulated. most of us don't want to be litigating our regulator. we're just putting money to work and so we need this clarity. taylor: outside of bitcoin just more broadly speaking about

the markets, one thing we love about you is you're an investor. you see new companies, new entrepreneurs and you take bets and invest in them and on their ideas. what sector is hot right now particularly as you're thinking about the economic and political landscape in 2025? >> a.i., a.i., a.i., and all of the derivatives around there and the number one is power. so as an investor what i'm focusing on figuring out power. our grid, we talk about the demand for electricity not just for a.i. but to understand something about a.i. it takes 100x the power required to the old generation of computers so we need a gigawatt of power. you can't get that anywhere on the u.s. grid so we've got to figure out power, whether it's geothermal or nuclear, but right now, it looks like gas is the winner and trump is saying

he's going to deregulate gas and you just did a piece on daniel smith up in alberta. the reason she's talking it up is she's got all of the power in north america right up there. we're going to have to work out a deal with her. she's got the lowest cost of energy anywhere in the world right now, so watch how popular she's going to be in washington over the next few months. taylor: i want to get your take on tiktok as well. i think it was really interesting. i spoke with frank mccourt jr. yesterday. he seemed to think that his willingness to purchase tiktok was not about the algorithm. i want you to take a listen to what he had to say. >> they have to make a decision and of course we hope that decision is to divest of the platform and we understand they aren't going to sell the algorithm. we don't want or need the algorithm, so i think we're in a pretty unique position. taylor: are you still interested in tiktok and if so what is it for you? >> yes, i'm very interested in tiktok and for me, as i nowhere

all of the revenue is. those 7 million small businesses have products and services guess what? they are all shark tankers. last two generation of young, entrepreneurs. they're basically all the revenue of tiktok and of all of the syndicates i'm the only one they know and so to me this is bringing them into the deal beside me, through equity crowd funding. i know frank, he's a great guy. we all know each other. we've all been talking to each other. this syndicate, i don't know whose going to end up winning this but it's probably a combination of syndicates but the thing we're all waiting for is back in the supreme court, i believe they are going to rule before the 19th before the inauguration, d g to get thn back to congress. this company is in a dream landt this fight saying they're fighting for free speech. it's not about free speech. tiktok can be sold and we maintain the platform. this is chinese spy wear and

we're going to have to get rid of it. nathat's why the algorithm is nt part of the deal. taylor: if they punted back to congress are you speaking with members of congress come, it's up in court watt, january 10 expected to be banned january 19 so are you talking with members for when those deadlines come? >> from rubio on down they know who i am and yes i've been talking to them and i know we're going to need the pen of donald trump signing this deal. i get it. i've been working on this thing for over a year. look everybody is on this thing but i want to make tiktok wonderful again so my side is wonderful tiktok.com if you want to learn more about it and want to invest beside me, become, i really want those people and revenue to be an investor with me, because we're going to have a very tumultuous period when we rewrite this algorithm. they have to hang in there. i don't want to turn the lights off on tiktok. i just want to make it wonderful again and right now, it's

dripping with chinese spy wear. taylor: would you get into a bidding war for tiktok? >> no. the syndicates are not going to bid against each other. they will figure out what the right combination is. we're not stupid. this thing isn't worth 35 billion. it's probably 5-10 billion worth of cash and we all know the same guys who are going to fund this thing and we need the american shareholders to roll into the deal. we all know each other. this is not a secret. there's only about 10 guys working on this deal. i'm one of them. taylor: i knew you were going to be too smart to get into a bidding war. that's not your style. kevin o'leary, so great to have you on the program. thank you so much. >> take care. taylor: meanwhile the grinch stealing some of the fun for this christmas rally today. take a look at this big board everything but boeing in the red. our countdown closer though has some picks he thinks will add some hooville joy to your portfolio in the new year and some americans are looking for one more christmas miracle. details on how you can become

an instant billionaire, with the right combo of numbers. jeff flock is in line for his lucky mega millions ticket. we're checking in with him next on the "clayman countdown." (♪) car, this isn't the way home. that's right james, it isn't. car, where are we going? we're here.

(♪) surprise!!! the future isn't scary. not investing in it is. car, were you in on this? nothing gets by you james. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com this holiday season... -kevin? -catherine! all aboard the freedom unlimited! kevin... kevin? kevin... kevin!!! and kevin - uh, i mean, macaulay - take a very special trip to the mall where anything... come and get your little kev! is... cashbackable!!! -really? -yeah. anything is cashbackable!!! chill. sorry! 'tis the season to cashback with chase freedom unlimited. how do you cashback? chase, make more of what's yours. since 2019, john deere has invested more than $2 billion in our american factories. today, we're nearly 30,000 u.s. employees strong. in more than 60 u.s. based facilities,

across 16 states, we couldn't be more proud to play our part in supporting americans who work the land and build a better tomorrow. ♪ nothing runs like a deere™. to go further, you need to be ready for what's down the road. as energy demand continues to rise, we're harnessing breakthrough innovations to increase production in the u.s. gulf of mexico. our latest deepwater development, anchor, produces previously inaccessible oil and natural gas, allowing us to deliver the energy we all need today so everyone can follow their own road. that's energy in progress. (vo) what does it mean to be rich? maybe rich is less about reaching a magic number... and more about discovering magic. rich is being able to keep your loved ones close.

and also send them away. rich is living life your way. and having someone who can help you get there. the key to being rich is knowing what counts.

let's go boys. the way that i approach work, post fatherhood, has really been trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families, like my own. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ ♪

taylor: just want to bring you an alert. look at shares of's la, they're on the skids today -- of tesla, ahead of the fourth quarter delivery announcement next week. we are thinking that analysts think there'll be about 510,000 deliveries. it would be a record. any movement on the ev company's stock, though, has a huge impact on the net worth of the world's rich est man, ceo elon musk. according to "forbes", musk is worth $436 billion, ands he is among the 813 billionaires in the united states. if you want to be number 814, your chance may come when the mega millions jackpot drawing happens tonight. fox business' jeff flock joins us live now from, what, a philadelphia 7/eleven. you're taking a closer look at all of this fever. i think i might go out and splurge and drop a $20 and hope for my chances, jeff.

what do you think? >> reporter: you know, i've never if had much luck in the stock market, you've had much better luck than me on that, so this is my only hope here. i didn't know they had these machines you could just do it yourself. you hit the mega millions thing, and they give you a ticket, or you can peck your own numbers. here i'll clear 'em, i'll start doing my own thing, and -- i had to clear it. yeah, okay. then we punch numbers in, probably come up with something, and then the mega ball and, boom, you've got a ticket. you could have a billion dollars, but then again maybe you won't. put the numbers up, taylor. we got a bump in the jackpot, it started at $1.15. now it's. 1.22. if you take the cash, that's $5 49 million. you get that up front. that would be the fifth largest lottery, mega millions prize. the top one is $1.6 billion in

2023. , from now here comes some bad news, particularly for you folks there in new york. say you win the mega millions jackpot tonight and you live in new york. well, $1.22 billion, $549 million as we said, that's what it is for the cash. now here's where the federal government comes in. yeah, 37% tack e tax rate, $200 million out there. and then state of new york, 10.9% highest bracket, another $60 million gone leaving you with $286.4 million out of a $1.2 billion jackpot. and if you complain, if anybody complains about that, they ought to be slapped because that's still a whole lot of money. taylor: it is. but you told me i was going if to be a billion with their before the measly government got their little hands all over it. that's' my problem with that, jeff. >> reporter: well, that's our donation, taylor, to the great culture in which wily. so there you go. it's a small price to pay, don't

you think? taylor: fine. i'll take my chances, although i hear i've got better odds of getting bitten by a shark, and what was other one? if being canonized. >> reporter: being hit by lightning twice. [laughter] you've got better odds of that than me, taylor. taylor: jeff, thank you so much. have a great weekend. >> reporter: good to see you. taylor: we have the closing bell less than five minutes away. the nyse composite volume, it's currently running about 30% below the 1-month average. maybe the bots are doing all this work for you, but the major averages are still holding on to gains in the final moments of this holiday-shortened week. you're still up on the s&p and the nasdaq, right in and investors this year, they are loving applovin. shares of the company are soaring, up more than 700% year to date. it's the mobile technology the company that entered the year with a market cap of just $13

billion, now it is up to a cool $110 billion. my countdown closer loved the success before its rip-roaring rally are. he is magnet investing insight's founder jordan kimmel, and i'm pleased to say he joins me now. all right, you still liking applovin? >> taylor, i like it, but we don't love it. the fact is it came on the model, this is our model that looks at growth value and momentum. let's just say the value isn't the same when we found it, and in my last newsletter i left it off simply because 700% isn't usually followed by another 700% but, taylor, i have other names, and the market looks fine. if you're in the right name, we don't even have to worry about the mega millions tonight. [laughter] taylor: well, i'm still going to go put down by 10 or 20. don't tell my husband. i'm in the tech market, you said you have some other stocks. enter well, not so much all

tech, but let me give you an example. docks similarity is a name most people don't know. physicians know 'em because 80% of all physicians are on their app, and they do telemarketing through there. and taylor, you know, this is not the old doctor that used to come to my house with a needle out and a black bag, you know? if society's different. it's enabled group technology and information technology, so that's, you know, one example that's in our portfolio. i'll share another one, gene dax. fantastic company. it's all about genetic diagnosis for personal care. again, things that weren't around a few years ago just coming into their own, just turning profitable. and like many names, taylor, this was much, much higher a few years ago when these ipos come out with a lot of excitement. then they sizzle and they start to come back and magnet will find them. that's just another name that is not the names that you hear

every single day from the same people looking at the same three stocks. taylor: yeah. it's nice to have an alternative to apple or nvidia. that's why we love having you on the program. you really sort of help open up our ideas for things moving underneath the surface that the maybe some things people haven't heard about. look, this is the last friday of the year, right, of 2024. >> sure. taylor: how are you thinking about the way the market is positioned going forward? >> yeah. so it's a great question, and i'll tell you why it's so hard, because valuations on the overall market are actually pretty high right now. and that's being coupled now with this new, unbridled enthusiasm for business, deregulation and what might happen. so the message is, you know, the market looks fine, the economy's fine. but what's not fine is too many people bought into too few names. i believe when the calendar changes, you're going to see people willing to take taxes, pay taxes on those names.

i think next year's market, it doesn't mean the rest of the market can't do better. taylor: 20 seconds, what's the big biggest risk in 2025? >> okay, the biggest risk is probably -- it has to be with the -- not the economy, but global -- so much stuff and so many hot spots right now in the market. taylor: yeah. >> maybe supply chain interruption from something we can't count on right now. but the market looks fine. and even with those risks -- taylor: yep. well, we got that go. jordan kimmel, we love having you. thank you so much. and it looks like we are squeaking out some gains for the week. well done. again, thank you so much for watching "claman countdown," and "kudlow" is up next. ♪ if. ♪ ♪ david: hello, everyone, and welcome to to a spial edition of "kudlow."

i'm