there's risks an to rob about, was what was once again, but i certainly think about it, so you put the warning science fiction is now real. >> yeah, it's happening right label on cigarettes and on other now. we see it every day. things. you can put it on alcohol too. probably the biggest thing i will say this. underestimated and you had it on your screen, you're talking processed meats also very bad about that microsoft capex for the body and cancer risk. spend. that's enormous. i abstain from those. right now the current estimate brian: i do not abstain from for microsoft's capex spend is those but i agree with that and that's right. about 62 billion. he's saying they are going to can i just point out vivek spend 80 billion in a.i. data murphy, surgeon general centers alone. that's a big deal. charles: let's talk about that whose promulgating this , because last year wall street kept saying they can't do it but this comes from the journal, his first advisory, america, was the so-called -- >> they are. charles: we're starting to declaring health and see reactions and starting to disinformation, misinformation, see companies saying hey a serious threat. technology has allowed me to do you weren't getting your covid vaccines that he had a problem this and to do that. with that so if you'll take his it's starting to work its way into the economy. >> productivity boosts boosts advice, just know where he comes the multiple. from on all the health you can pay more for it. it doesn't mean we don't have challenges but this is probably, misinformation stuff. taylor: we agree to disagree. you know, the biggest thing so we can all agree here that we certainly in my career probably in our lifetimes. love charles payne whose coming charles: let's talk about global up next. charles: hey, let's do it. debt. you do have concerns, right? great, great conversation. good afternoon, everyone i'm >> we do. charles payne this is "making charles: you're paid to manage risk and this one of your things money" and right now, all right, so listen. is the global risk,

the markets forget about what you see on your screen. $315 trillion around the world. the market is absolutely on fire and here is the thing. it does seem interesting because i always talk about like there's so many names you don't know about but you're feeling this 2009 is not on this chart but that's when our markets it. the imagination is that we have come up with as human beings over the last 100 years are really took off and that's when coming to fruition and playing we got more creative on the debt out in the stock market. here is the great news. you could get wealthy in side. the process. is there a correlation there? we're going to share a lot of are we enjoying some of names with some guests who have the stuff we're enjoying been in these names and got some the fact that so much money is fresh names for you. being artificially pumped into [rock and roll music playing] xfinity. made for gaming. rewards members, get early access to an ea sports fc25 kit. visit xfinity.com/rewards. charles: so my next guest knows this as the biggest name in that, you know, after years of the stock market will be the economy that it comes through in sales and balance big returns like we just had speaking later today i'm talking sheets but may not really exist about the ceo of nvidia, he's the last couple of years or some data have to be paid the market tends to moderate. at ces. back? >> yeah, and we actually end up i want to bring ink banc of that stock exploding higher. we'll see how we can play this. pulling forward the returns. america securities head of u.s. we accelerated also, you're going to get my equities and strategies and you take on a new investor survey, the debt accumulation in know, listen, this is a great 2008 after the financial crisis table you put up for your and then again in 2020 but now clients that you're sharing with professional investors who say we're making it the baseline and it's donald trump and the us we're think that that's normal. us. exceptionalism that put this stock market on rocket fuel it is not normal, and every bull market has an achilles heel and for this year, special guest essentially, 8% something like ralph norman there. that? >> yeah, that's like also, so much more, folks, on the long-term average return of equities although, it's funny "making money." it's the long end of the yield curve and when we start to because you never get that see 10 year rates pushing long-term return. you usually get a great year or towards 5% markets take a step a horrible year, so you know, i back. charles: here is an interesting think that if we had to bet on

upside or downside, we would chart. this essentially is i've got to tell you something. the sensitivity of assets to pick a positive. charles: upside. inflation data. i'm glad you said that because it is just such an exciting time on this side are bonds extremely to be alive, especially in again, averages are one thing. sensitive to economic data and america and somewhat, if you're inflation data. i've seen some charts and some friday we've got the jobs active in these stock markets, tables that suggest we could i'm talking about really buying report, but recently, the stock have another maybe not 20% but stocks, when i went home friday, market has become far less i was so excited i stayed up double-digit year. >> yeah. until 1:00 at night. i mean, i think that's friday night, right? sensitive to inflation data. definitely within the realm of and then over the weekend i was talking to a friend and i said has the stock market prematurely to her, i said you know, main in written off the inflation threat possibilities. or something that is the right move? if leonardo de vinci lived long >> i think, you know, it the bull cases for equities are becomes more challenging because the hurdle rate is that much still pretty strong. enough to see things come to higher but it means the earnings we're heading for a very strong fruition, like tank, machine has to be that much higher and cyclical leadership market. maybe the market is telling us i think we could see gdp growth guns, refrigerators, human something the earnings growth will be better than we thought. evolution, solar power, right? charles: before i let you go a couple of stocks you like chewy? pick up nicely. look where we are right now. telescope and of course robots. >> this one is anecdotal. we've seen a lot of money spent the robot. although, listen. i go down and get my amazon on fiscal stimulus, starting to although i didn't conceive of a packages everyday. lot of things and neither have nothing but chewy's boxes. play through with a president you, let's face it. you don't have to be a rocket these things have come to and an administration that is scientist here. fruition and it feels like we're everybody has a dog. pro-business, anti-regulation. 64 million households have at we've got profits troughing and invested in them right? in fact just the last few least one dog. sessions the market has seen a this company will do well. starting to come back, red lot of the stocks of the future charles: hpe? sweep. you know, there's all sorts of absolutely erupt. >> this is of course the a.i. robot stocks are through infrastructure play that positives. charles: you put the cyclical 80 billion they get some of it the roof. and 10 times earnings is pretty from drones to taxis through list i think in november and its the roof. anything associated with been absolutely remarkable and a

the space through the roof and cheap. charles: good stuff my man. great tool to use. i'm talking small names that happy new year. >> you too. i will ask you about a couple of built this country. charles: folks get out a pen and things here. we've got the red sweep. ev's are back in play. paper because the master we have the accelerated profits. batteries, power, all these momentum investing is coming up utility names. right after the break. we hope we get that. all actually doing extraordinarily well. gary k. has ideas you want to now a large part of the hype, pay attention to. its only picked up speed. we'll be right back. large part of this is hype, the fed cuts. right? some will come and go and comes the street was looking at two, in waves but there's a the fed said four and now fundamental issue here the fed says two. happening, right? how important is it that they we are getting closer every cut some this year? single day to the world of >> i don't even think they need the future. things that we saw in comic to cut. as long as they aren't cutting books we heard in music or because growth is still healthy, songs or books whatever. things that we grew up with, at harbor freight, and you know, we're seeing right? these advancements are going to we do business differently from the other guys. positive surprises in the growth change our lives and profound we design and test our own tools and inflation data. ways, but also, they are going and sell them directly to you. think about when the fed is cutting. that's when things are going to generate trillions and no middleman. wrong so if the fed is paused, trillions of dollars you can't just quality tools you can trust at prices that's actually an environment comprehend how much money they where the economies doing okay. generate. the great news is that unlike you'll love. they don't have all of similar moments in the past the reasons to really cut rates. whether it's the first, second charles: i saw somewhere a 40% or third industrial revolution, chance of a rate hike. i'm not sure who put that out. everyone, everyone watching this show could get a piece of you read data. the action. today's session in fact began with a report from microsoft. they are going to spend that would throw off everyone. $80 billion in data centers this year alone and of course >> if we got a rate hike later on today, jensen huang is against the backdrop of the current environment i think check in time is 3:00 that be fine.

going to give the keynote speech look the equity market is and by the way speaking of it's 2:55. hanging in there, really well, i know. which, nvidia, right? with 5% interest rates. is this what he's doing now? stock is coming back. we never thought we could see 5% it was just about a week ago it as your host, i have some rules. first, no showers longer than 5 minutes. interest rates and positive was falling apart people were equity returns and here we are. saying get out get out. it's absolutely on fire again this isn't a spa. no games. no fun. charles: it just seems like today and here is what's the market, the things we worry critical about nvidia. yes, coach. (♪) about, bothers the market and nvidia last year was 22% up all finds a way to live with it. it's like stop worrying about the gains in the s&p 500. here is your magnificent 7 so meanwhile, at a vrbo... the bomb and learn to live with when other vacation rentals it. the last thing is the tech apple was over 7%. make you share your turf with a host, spending. golly there's 80 billion from amazon was about 6%. try one you have all to yourself. microsoft, tonight at ces, we'll meta was about 5.5% with two hear from nvidia. this has been a monster driver upgrades this morning but there of this market. are stocks most people have >> yes, so the big risk i think never heard of that are really is if a.i. disappoints. ripping big, big time and i've got to tell you most of that's not our base case. i think there are a lot of the guests that come on financial media don't know these really strong trends in place names or often even if they already, but if a.i. disappoints move a thousand percent in and we see these hyperscalers the month they say no big deal. it is a big deal and changing clawback this money maybe that's lives and my first guest today, what can hurt the animal spirits we're starting to see percolate he has robot names so let's but you know, again, these bring in rob luna. companies have told us, the key rob? first, let's start with regetti, risk is under investing in a.i. they aren't going to not spend because this is like wow. money. it pulls back a little bit on that's that. charles: to that point the top friday. i think it's up today.

seven s&p companies represent are you still long? over 30% of the market. >> yeah, i'm still long, charles. i talked about this on your show a couple weeks ago. >> it's an alarming chart, but i didn't expect the stock to be i don't think that in and of up over 150% so i've taken itself is reason to worry. i do think that the market is in profits but when i'm recommending what i'm doing the process of broadening out, charles is i'm now in a position and we're seeing earnings from where i'm comfortable to let other areas, like energy and this run because like you're saying i do believe we're on industrials. the precipice of huge moves. charles: that's where you want this is not something you want to be? >> yeah, absolutely. to get out of if it could be a i think the average stock in 10 or 20 bagger so i've got a the s&p looks much m more position where i'm comfortable holding for the next year to two attractive than the index. years and it's a long-term charles: you mentioned risk. winner. charles: this is about an hour is there another risk of just ago big movers of the day and the street being too bullish? this is why i get excited about i know wall street loves to pick it so you've got these names up on retail investors and way too 15% in one session up 24% in one bullish. it's ironic because session, and these are names this individual investor that are coming on. surveyed the has come down from new scale is something coming 50 to like 33. retail investors are more cautious than wall street. on, super micro, these are names here are your charts so you're really really coming on. saying on this particular chart real close to extreme one big area is robots. you also mentioned robots last bullishness, which is bearish time you were op the show. for stocks. the amount of cash you're seeing full disclosure, its made a on mutual funds is at monster move. an all-time low. what are you looking for there? the amount of cash from >> yeah, look, charles. the global fund managers at

they are just scratching the surface. the all-time low. are the money managers too only in northern california right now. this was spun off of uber so excited about this market? they have a built-in customer >> i think the survey data base there. shows you something. last mile delivery, 7-eleven, if it's kind of wishful thinking. it's the idea that this has been you look at the stock it's under a billion dollar market cap, a great market. charles so you're getting in i wish i were as invested in very early on this company. of course there's going to be cash as i am. volatility but this is when you look at actual performance though, you're not the future. it's hard to find good people. necessarily seeing that all these guys and gals were really robottings you don't get to pay like heavy on equities. insurance or worry about them quitting on you. you're not necessarily seeing this is the future and this is a those signs of absolute well positioned leader. capitulation into all these they also have software they are areas of the market. selling other people which even that top chart, this is a allowed them for scale more. sell-side indicator. one of my favorite market timing charles: i read about 10 years ago an article at one point they models is one of the most want to unionize robots but we'll save that for a different accurate predict or s of let's go boys. way. late last week, we saw the way that i approach work, post fatherhood, 12-month returns. the nuclear stocks come on even this indicator is still not strong. has really been trying to understand the generation first it was the utility names at levels that would make me and then these finite names, worry. that we're building devices for. strategists are telling you to intriguing plays. you've got pay list of names. put about 57% of your money into here in the comcast family, we're building an integrated in-home wifi solution stocks. smr and oklo. talk to us about these because these aren't household names but that's not an egregiously high for millions of families, like my own. level. think about back during the tech people who are paying attention are starting to stand out these connectivity is a big part of my boys' lives. bubble it was back up the truck on equities or the only game in names. >> exactly, charles. look to be able to power it brings people together in meaningful ways. town. folks aren't saying that today. this whole thing we're talking they are saying diversification.

about you'll need more than ♪ ♪ if you look at retail investors, traditional power so nuclear they've loaded up on with this current administration, or incoming money-market and short duration bonds so they aren't just -- administration, they are much more supportive of that. charles: they aren't selling. i gave you a few names all under each week they are still adding $5 billion. these are names that again are more and more so to your point, very small, you've got to be careful with them, probably look i can't let you go. i saw without asking i've got a to scale into them and again you minute to go. look at them up double-digits. momentum though has been rocking full disclosure i bought all four of them this morning. right? this momentum chart i said earlier you don't have to be a actually those three up think technician to see what this is all about. this morning. i'm already up double-digits. we've been kind of consolidating i'm not expecting that to here maybe it takes off. continue to happen but i'm just you say this is fine. if you're in this but start to trying to tell you about the volatility but these are worry with the vix at 25 or three names, charles, that are above 25. >> yeah that's when we really leaders, nanonuclear, this is started to see momentum break one building portable nuclear down and the good news is the vix is very rarely above 25. energy, which is they are the leader there. i think this one has a really it's mostly in the middle range really long way to go. that it is now, but if we do the other two are a little bit in a similar space. see some disorderly spike in if you look at okta, that's a volatility, or you know, rate little bit smaller but if you risk, that's when i would worry believe in nuclear, i think you about momentum breaking down. should do more research. right now, momentum is a really charles: yeah, because i think what we saw with these last interesting factor, because its year, the regulatory process may got all sorts of things in it. actually make it easier for some its got banks, tech its got of these large companies to go

out and develop their own small utilities. it's not just one thing like it nuclear platforms rather than go was last year or the year through the blue tape of before. so i think what that's telling us is that we're moving into a bureaucracy. rob, congratulations, appreciate stock picker's market where it. there are opportunities in every oh, by the way did you want to give a quick shout out? sector of the s&p 500. >> yeah, i want to give a shout charles: all right great stuff. out. while we do all this is for our charles: all right, so my next family right charles? guest is the master of momentum savita, you are absolutely one my daughter's 17th birthday investing and trading and of the best. watches the nasdaq closer to i admire your work so much. today. happy birthday to my anybody i know, the nasdaq 100 happy new year. especially. u.s. versus the rest of want to bring in kaltbaum daughter bella. charles: see you soon, rob. capital management and fox business contributor gary my next guest says the biggest the world. our president-elect driving a risk is not taking one so let's kaltbaum. gary? i've got the ndx chart. surge in u.s. exceptionalism and bring in david nelson. i'm not saying that. you know, david i love you say really, you don't have to be a the wall street experts are technician. saying that. this thing is a work of art. very special guest coming up, that because the term on wall it just kind of goes up pulls and my take, also reaction from street is risk-on when back occasionally, tickles that 50 day moving average and finds congressman ralph norman. the markets up, risk-off when we'll be right back. it's not up. a way to go higher. we did a table last week from when you see a pullback, and let's say for instance it challenges the 50 day and then starts to rebound is that more 2009 to last year people's pay is up 11%. of a buy signal for you? like real pay up 11%, stock >> yeah, look. the definition of a bull market market up 500% and the greatest is ascending above and ascending risk is not being in the stock 50 day moving average where all market. >> this is why aliens won't talk to us. pullbacks are contained. we buy when it's green, sell now you can get corrections when it's red and every year

beneath for a while but usually they turn back up and just last week, they pulled it back to the 50 day moving average, so did the nasdaq and they jumped it on friday and there's a little bit more today. thank you, the semiconductors today waking up out of their slumber. charles: yeah, listen. you read my mind, because your always telling the audience, watch the semis, watch the semis not just for the market but the health of the economy. just about an hour ago your top percentage gainer micron techlam, kla, applied materials, and they're dominating today and these aren't like the big semiconductor names. do you feel even better that maybe it's not just the nvidia and the broadcom? >> when the weaker names stop going down and pop to the upside, it usually means good news for the whole group, and it's no coincidence that taiwan semiconductor, one of the big

strength gaps up to a new high today and nvidia is right on the precipice. it actually hit it today in a little bit of pullback and broadcom which gapped up on earnings is just sitting nice and tight and hopefully the next move is another breakout from here, so good news, let's hope it continues. i'm a big believer in the semis but i will say this. there's still a ton of the market that's pretty much dead money, and i don't mind that because as long as a narrower list of areas are doing fine that's the place to go. charles: right. so last time you were on the show you mentioned reddit, broadcom, and google, right? i got to tell you i'm seeing more and more articles about google, the willow thing helped them a lot. are these buys for you or potential buys? >> first off, earnings are coming out real soon on a lot of names. broadcom gapped up. if it breaks out of the range, the highs, that's the buy signal. reddit probably needs a little

bit of time here. i'd rather buy that on pullback and google on the breakout. right now it's range-bound after that will low news which the market just absolutely loved. pubut there's a decent size list besides those three that are real strong in the a little bit of pullback mode here and i mentioned nvidia. there's a few others and let's hope they all go top side because if they do that'll be a big signal for the market. when the leading stocks and the leading groups get going, not so sure there's anymore hint i need of a market than that. charles: by the way i know you also have service now and spotify. we've got 30 seconds left. i haven't been interested in ces in a long time. i'm interested this time. not just tonight, you know, amd has a big announcement, a lot of a.i. announcements. could that be the catalyst outside of the typical stuff like earnings that can get these things moving? >> well when that dude talks, the market listens, and i pretty much watch everything he says and the only thing he said going

forward is that it's going to be baffo going forward and they can't meet demand that's how strong it is so let's hope he continues with that noise because if he does i think it helps obviously their stock and nvidia as well as the rest of the whole a.i. complex. charles: you know, we know around the world that universally everyone knows that's good. that means to the moon, baby to the moon. you're looking good there, my man. happy new year, gary talk to you again real soon. >> and you too, charles thank you. charles: folks it's a great time to remind you my next town hall thursday january 16 live here new york city. it's unbreakable investor in the new guilded age as we segway into the mckinley era. folks you don't understand how much history is being repeated right now. it's a remarkable time to be alive and even more remarkable time for prosperity on our doorsteps. i'll break it down for you. if you are not absolutely

enthrawled with this market get your tickets right now join me in new york city in the studio go to foxbusiness.com/charles payne live. it's going to be phenomenal. by the way, there are beaten down stocks that look intriguing here too and i have one of the best. kim forest sifted through the ashes because that's a lot of times we beat the street. she's next. eight, we design and test our own tools and sell them directly to you. no middleman. just quality tools you can trust at prices you'll love. whatever you do, do it for less at harbor freight. ♪ liberty mutual customized my car insurance so i saved hundreds. with the money i saved i thought i'd get a wax figure of myself. oh! right in the temporal lobe! beat it, punks! only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ advil liqui-gels are faster and stronger than tylenol rapid release gels. ♪ also from advil, advil targeted relief, the only topical with 4 powerful pain fighting ingredients that start working on contact and lasts up to 8 hours. why do couples choose a sleep number smart bed? i need it a little cool and i need it a lot of cool. sleep number does that. sleep up to 15 degrees cooler on each side 9 out of 10 couples sleep better. the queen sleep number c2 smart bed is only $999, our lowest price of the season. shop now. taking care of mom was becoming a real challenge. i was so grateful to discover visiting angels. mom's visiting angel helps her shower and dress, and she keeps an eye on mom's alzheimer's. and our care manager gives me regular updates. best of all, mom has a trusted companion who cares about her. ♪ visiting angels america's choice in home care ♪ charles: i'm getting a ton of positive feedback on a post i made on x this morning, i had lunch with my family in manhattan yesterday, a small restaurant, one of our favorites. there was a table of 15 people, half the restaurant and they

were excited to see me. they were excited about 2025, they expressed so much excitement. you feel it. it's out there. it's electric, trump 2.0. i think more than anything else, it's the notion there's a window of economic pos painter we can n -- posperity we can participate in. there's a survey that shows the u.s. stock market and dollar will be the biggest beneficiaries from america's economic growth, set to be boosted by donald trump's policies. in many ways that's on display in the united states. think about this. hey, take a moment. our stock market is 79% of the do you know who we are? world index. we are the kids you champion every day. 79%. and if you look closely at the chart you can see at one point we are the ones who dream big. japan's stock market had and because of you, overtaken us in the mid-1980s our dreams become a reality. these are more than just words. and we were in parody with europe. we left them all in the dust. this is what we're all about. it's been one heck of a run. this is shriners children's™. and today you can see that excitement again in the stock

market as vice president kamala harris joined the joint session because for more than 100 years now, of congress to certify the election of donald trump. shriners children's™ has been on a mission to provide with me now, republican the most amazing care anywhere. congressman from south carolina, ralph norman. and guess what? congressman norman, thank you it's working with more than 100 access for joining us. i want to start with the points to care historic nature of today's certification, what you say it shriners children's™ able to reach more kids in even more places all around the world. means for america. >> well, you know, as we heard so many times, charles, when we need them the most their amazing particularly since the election doctors and nurses are treating on november 5th, america's kids in the u.s., canada, mexico, and latin america. excited. you're an economist. and they're helping kids the stock market shows it. from more than 100 other countries too. the american people know it. they know the four years under and the best part? they're doing all of this regardless donald trump that he was in of a family's ability to pay. office from '16 to '20 were and someone else helps make it all possible. extraordinary. he's going to do it even better you. this time because knows the tú. you. ropes. tú. you too. what happened today, the certification of the election, it's true. you're pretty awesome. who would have thought donald when you go online to loveshriners.org or trump would have got 312 call this special number with your monthly gift, electoral votes, who would have you'll make a difference too. your donation large or small thought 76 million people, who helps shriners children's™ do new research would have thought the try trifa creates life-changing

treatments, and provide of the house, the senate and the burn care to kids around the world. executive branch. charles: i'm doing a special. every day, people like you i'm going to present in the give families like ours special where if trump pulls off the hope and healing we need. what i think he can, be ready for 30 years of prosperity. and when you give your monthly gift of $19 we'll talk about that later. or more. we'll send you your very own meanwhile, the republicans have all three but they're narrow love to the rescue® blanket. it's a warm reminder margins. you can't afford any defections of the incredible things you're making possible, and that you're a part of something special. and when there's a situation like that it's enticing for some because no matter where we come from lawmakers to step up and demand or what language we speak, every kid deserves more. they want favors. the most amazing care anywhere. i know you're not in that camp. you played a role on friday with so how can you help? the speaker vote. i want to know what made you take a moment. change your mind? why did you take that position? call or go online to loveshriners.org what made you change your mind? right away and start filling our world >> a couple things. with more hope, healing and possibilities. the reason i was frustrated and others were we had a meeting do you have a life insurance policy you no longer need? now with mike and we just did not you can sell your policy - even feel like that it really went a term policy - for an immediate that well. look, post november 5th, after cash payment. call coventry direct to learn more. we thought that, after we had the house, we had planned carefully for our retirement. but we quickly small margin but we had the realized we needed a way to house, we had the senate, we had supplement our income. our the white house, all we had was friend sold their policy to help

pay their medical bills, and that got me thinking. maybe selling our policy could help a 3500 page bill that we had 12 with our retirement. i'm hours to read. all we had was $100 billion with skeptical, so i did some research and called coventry no offsets. that's post election. direct. they explained life insurance is a valuable asset and i guess what we stressed that can be sold. we learned we with mike is the fact that he could sell all of our policy, or keep part of it with no future has to use leverage and i will payments. who knew? we sold our tell you the two conversations we had, i had one on the floor policy. now we can relax and with president trump and then in enjoy our retirement as we had planned. if you have $100,000 or the room where we talked about more of life insurance, you may what can we expect as we begin qualify to sell your policy. don't cancel or let your policy 119th congress. lapse without finding out what it's worth. visit coventrydirect.com to find out mike gave us assurances we're if your policy qualifies. or going to have hard nosed call the number on your screen. coventry direct, redefining negotiations, we're going to have people on the rules committee that are conservative, insurance. we'll have people take a hard look and not consider cuts so we can get this economy back on track. the interest alone is on the debt exceeds the military budget. we cannot keep that going so he gave us assurances. that's what made me change my mind. i always knew that mike johnson was the only one that could get

the votes well wanted to impress charles: all right, my next guest says she's searching right how important it was to get this now for beaten down stocks. country back on track. now the good news is that charles: meantime, president there's a lot of them. trump looking for, quote, one the bad news is theres a local of them. big, beautiful bill to jump joining me now, capital partners start the agenda. do you think he can get that? >> well, i think he's kind of -- founder cio kim forest. i mean, before we even get to he said now maybe two. but look, we're under a tight those beaten down names i'm going to give you a belated timeframe. if we can get it all in at once, props. the audience should know you were supposed to be on the show fine. but we've only got, charles, last week, and we had breaking news and we asked you to come like 12, 13 months to make this today but you sent us a note and said micron, look at micron, it happen. and that's the challenge we face. so if it's one i'm sure it would is oversold. right now, it is the number one be great. percentage gainer in the entire market. if it's two, we can't get them number one. so, what's going on there? all in on one, like the tax policy it will take time to >> sure. hammer that out which we will well, like everybody else in do. charles: you understand and hopefully your colleagues the tech investment sphere, i understand there's a sense of guess we could call it that, urgency. you can't be arrogant about everyone is waiting this. you've got two years to show for the wonderful news that america that you're moving the jensen huang is going to have needle. i do want to ask how surprised for us tonight about how much in are you that wall street itself demand his company's products has changed its tone about are for a.i., and microsoft kind president trump and this agenda. they are definitely getting on of did a front running on that board as we saw with this

on friday, saying they are going bloomberg survey. >> they're going to have to get to spend $80 billion in the next on board. i'm a real estate developer. what we're excited about are the cuts in regulations, the tax year on infrastructure of building out its a.i. stack, so policy that under his four years was phenomenal and think about i think that a lot of people have put the pieces together that half of micron's revenue this, just empty rhetoric. donald trump does it. comes from the data center. the way he does it is what he they're going to be a did with me on the house floor beneficiary and they've just and others. he will pick up the phone and if gotten dumped because the other half of their revenue comes from it was calling 220 congressmen, more consumer products like he would do that to get his policies in. phones and pc's and those aren't he is a great salesman. in demand, but unlike the rest charles: that's the way he ran of the people we didn't dump his campaign. that's how he was elected. micron just because it had kind ithe next day they went to work, of a soft forward-looking guidance. we know the future is data, so the next day. i want to pick up your success micron is it. with commercial real estate. you have one of the biggest charles: so let's talk about businesses in south carolina. this process for finding these defaults are starting to pick up beaten down gems. a little bit. i'm always looking for something if there's any area i'm concerned about, it's there. over-sold, spent the entire i'm concerned about the federal weekend, with a list now of names i'm looking at. reserve, particularly the powell what's your process? federal reserve. i'm in the camp that says >> so i like to screen obviously in this day and age we for things. i have the ability and actually, need a central bank but this any investor could probably go central bank i feel like the to one of the free websites and mission needs to be blown up,

do this , but i like to look put back together and congress needs greater oversight. for companies that are trading what are your thoughts on what near their 52-week low or at the fed is doing. >> i'm on financial services least kind of close to that and interest rates are -- in my because that shows that it might be the bottom for that company, business, every uptick in but i also want to look interest rates slows us down so for companies that are greatly the fed those be overhauled, misunderstood and that just we've got to have common sense takes continual reading which strategy that follows with it. i'm sure you do on what i know south carolina is the companies are going through number one state now in u-haul it's coming there. business is going to be there. whatever. might be like micron, a little but all across the country the dip in part of their demand or fed plays a big part and the fact that it's -- we've got to maybe there's lots of stuff going on for companies, but what get control of it. we've got to make sure that it i want to know is are they going makes sense and it's going to take some oversight by chris and to grow? the only thing i want to know is i think we can do that. what is that catalyst for growth charles: representative norman and how soon can it come? i've got less than a minute to so if a three-to-five year time go. what's most pressing on your range which gives me a really mind. what's the wild card out there long runway but i am always that maybe we're not paying attention to? >> what we've got to pay looking for that story that says attention to is any dollar spent hey, this company has catalysts has got have offsets. the only thing this biden for growth and it's trading near administration did well was give its 52 week low. us things to cut. charles: we're running out of time. i want to go through mid-cap the dei, the woke programs, the names. things that do not give a return i know s synopsis and what do ty for the investment to the

americans, we've got to stop and i think donald trump will do have in common? that. he understands it. why these names? >> believe utility or not they the previous administration did are all in the a.i. craze but not. charles: absolutely. you know, it's so amazing, i not directly in the line of don't think -- well, maybe mott fire. coherent makes optical network people are figuring it out, and exotic materials. though. president biden was for the wealthiest folks out there. that's a.i. he did nothing but hurt the synopsis helps companies design small folks out there. everywithin's looking for you all to save them. chips and it's getting bought by i believe you will. congressman norman, thank you so synopsis so take a look at all much. always a pleasure. >> my pleasure. those. that's a couple of steps away thank you. from a.i. but a.i. drives charles: over to taylor rigs who is in for liz claman. those names. charles: speaking of a.i. and >> thanks so much, charles. bottom fishing and this kind of stuff. the dow just turning negative the note says you still do for the day, though like nvidia and broadcom here. >> i do, but you know, i'm a thrifty gal. i'm not buying them today. i'll wait for another pullback but sure. i mean, a.i. is not going to play out how everybody thinks it is but in the long run it wins in that three to five year window. we're going to be beneficiaries of a.i., so don't get greedy and

impatient. pace yourself. charles: kim thank you very much happy new year. >> happy new year. charles: so, my next guest says that a more complex global picture is emerging with significant divergences in growth and policy implications so let's bring in principal asset management, seamus shaw. so many regions of the world seem to have different economic needs right now in that these tariffs and i'm reading from your note here, sort of could reinforce u.s. exceptionalism and at the same time, maybe derail the rest of the world. how do you see it playing out? >> yeah, hi. i think that this is a key theme for this year. one of the things economists are worried about is the u.s. economy is in credibly strong. you see that from the data and on top of that you have the government coming in and likely to add into introduce a number of tariffs across a number of trading is still to be seen exactly how much, what the scope is, but certainly the impact be fairly significant if they were to go the full

extent they have been talking about. for example, mexico has such significant exposure to the u.s. from their trade purposes that a 25% tariff be of meaningful hit for their economies. you look to someone like china where 60% tariff, it's not as significant a trade partner, but a 60% tariff could do meaningful damage to their economy. europe at the same time still that significant exposure. so these economies are already in a fundamentally weak position and the tariffs unfortunately would further reinforce that narrative. charles: it seems to me that there be a sense of urgency. i know they have to save face at home but for the world leaders to come to the table and cut a deal so everyone could move past this. i think the issue for the president-elect trump and people in america who voted him into office is the notion of hey, we like free-trade, but unfortunately hasn't been fair trade for a long time. >> right and i think you're right. you're already seeing even today we have it happening in canada there is a bit going on on

the world stage for politics as leaders start to realize there are demands coming from the u.s. they do need to very seriously consider if they want to make sure their economies stay or at least return to a somewhat healthy path so i think this is again going to be key. you could see changing, turning tables as we go through this year and certainly for the u.s. they are in a position of strength, so the tariffs, there be some to the u.s. economy. there be at least about a 1% gdp growth depending of course on the scope of tariffs is, but the big hit goes to global growth. charles: let me ask you then talking about the strength of our economy, vis-a-vis the rest of the world but we got some issues. the data this morning factory orders came in below consensus, pmi services wasn't as strong as anticipated and i'm so worried about a labor crisis. not layoffs but attrition. i don't think, you look at

indeed's hiring and these other things. i think our labor crisis comes from the fact that companies will just stop hiring. where do you see our economy and are you confident the fed is up for the challenge? >> i think you bring up a really good point because there is a view that the u.s. growth story is incredibly strong. there is a bit of a slowdown in pace losing some momentum. the numbers you suggested that the factory orders, the pmi, they aren't the top of the list of economic indicators that give a really significant or clear indication of the economy but even if you looked tokers small business confidence, no income households there are signs of weakness even particularly the manufacturing sector. i don't want to over exaggerate that as well because recession is not on the cusp by any means but you are seeing a lot of momentum and when you think about the labor market, again, we are not seeing, we are seeing a slowing labor demand, but it has the yet translated to job

losses so you have a frozen labor market. no one is hiring but no one is cutting jobs. it's a fairly uneasy equilibrium because if you were to see a continuation of that weakening in labor demand, of course that does lead to job cuts. charles: you're one of the best. i appreciate you helping us out today. we'll talk to you again real soon. thank you. >> thank you. charles: so we've had two major years back to back gains, huge gains, right? many are wondering is can the party continue, or will we have something of a hangover? well one of the absolute best smartest brilliant minds on wall street is going to join us in-studio, right after this. ♪ ♪ you'll get better when you're not blamed for a condition you can't control.

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