nvidia and total pack odell beckham jr of other stuff about 38 million and bought call auction options on tempus ai and that's shocking. that's a call option it's going to go up and 500,000 in call options on alphabet. she's supposed to disclose because he's the spouse. brian: people telling me about the rich paying fair share. is pelosi one that says that because of the record. taylor, good for you. charles: making money right now. president trump delivering space and america first to the global and lead and look at that screen, and they'll love it and market story of the year and

2025 and going for the key and going for how great it's going to be. meantime, and going for that and the reality of the more importantly and going that. all that and more on making money. we started out by a pedestrian session and gaining little momentum and less anxiety in the air and about a week ago and eight or seven days and almost here and heading toward that extreme area and we're neutral and feeling a lot better and of course a year ago looking at green and that's going there and neutral right now and there's the thing that was interesting

retail investors and my favorite is aaii and comes every thursday and today a huge jumped and back to 43% bullishness and 18 percentage point move. that's the biggest one week from november 9-2023 and everyone is feel ago lot better about everything. here's the interesting thing know, folks, what's the biggest stock market story so far in 2025? i'm going to tell you, i think it's the stealth rotation. that rotation trade you heard a lot about last year, it's happening. look at this energy obviously has done very well. look at industrials and materials and these names, it's really amazing. today for instance, the number one performing stock, ge aerospace and industrial name and no. 2 performing stock: union pacific both after posting great numbers, strong guidance. that's what you want.

speaking of earning ands wall street builds a big bullish story around earning ands last year afters lot of margin expansion, multiple expansion and this year a earning ands markets move up on that . i'll tell you though if you miss, it'll be tough. so far companies that have missed, the shares gone down 6.3% and historically going down 2%. there's a huge price, a heavy price to pay if you miss. by the way, you don't get as much as normal because again, most of the is to bees are going into earning ands beware, folks. owning the stocks, this earning season it could be a rough ride. in fact, ask shareholders of american airlines today. meanwhile talking again about industrials, materials, energy, all enjoying the stealth rally. and high flying names are the big thing. this fourth industrial revolution and what the market has been all about for the last two years and on that note, i want to point out something, nasdaq 100, which is probably

the best proxy for all of them, it continues to be a bees. 467 sessions coming into today. over the 200 day moving average it keeping goes like this and that's one of the longest streaks and that momentum feeds on itself. bier talking about mag seven. what's interesting about the mag 7. a lot of folks coming on saying get away from the mag seven and earnings growth will slow. it will slow. it's the law of large numbers, but check out the next five years and not too bad. if we're up 22% growth, 18% growth, 14% growth, even going to 2029, 20% growth, that's pretty amazing. it really is amazing. bring in vertical research advisory management cup.

sip, i saw your note and telling clients to buy the industrial dip. you're a cleaver in this? >> absolute and she saw your note about it too this morning. i like when we're on the same page hawaii a start to the year. my goodness want for the last four years we had to worry about a recession natural rights approach rotation theme -- recession natural rights approach rotation theme. they rescissionary rotation theme and one group overbought and another group and oversold and rallying with app and will industrials now rallying big and this is a bull market, chars. i didn't recollects it wants to go to work and i love the stealthiness of it because it means you can get in there before wall street starts to pile on. i'd like your reaction to star gate. >> wow, see, i think it's a lot of hype in that. if that's what we're doing here

a. lot of hype. we saw this by -- we saw this last time with softbank putting up big estimates here and going to throw in the economy and didn't happen. elon musk has this right. we're fretty kept al about the whole deal to tell you the truth. charles: you like the three time semiconductor and you're super bullish and xossl. semis do well but if you look, the breath hasn't been that great. it's coming on pretty nicely right now. your soxl starting to break out and above the'day right now, maybe soon to 200 day. where is this going? i have a one year chart here? >> well, we use un-leveraged etf and technical analysis and the charts are too messy really. what we think, look, the semis just broke out. semis broke out on tuesday. from a four month con sal

disagreement pat and he shall -- consoconsolidation pattern and s lead and nasdaq follows and rest of the market follows and extremely bullish. charles: wall street divided on tesla and you're pounding the table and you're saying, forget about the ev stuff, it's now about optimists and robotaxi. talk about the immediate bush when are they going to impact the bottom line? >> robbie taxi this year and as far as bot 2078 line, it's a 2026 story at best. these are a couple three years out. investors understand this and what's interesting is analysts are starting to pick up on the theme. they don't care much about the ev and they're right not it. charles, less than 50% of analyst withs tesla have a bye rating and flip the script on tesla with wall street over the last few years and we think that gives retail investors a big advantage and up 73% from

election and down 15% from the december highs and we're buying here. charles: before i let you go, it's address to davos and president trump demanded interest rates drop immediately and i saw in your note that you see bond yields going lower and much lower. they're up pretty good stuart: still hovering and what brings them down? >> gravity. gravity of demand and u.s. yields 4.6% and germany at 2 event 5 and japan at 16789 chai no over 2.15 h 5. our rates should not be this high. they're going to continue to go lower for that reason and fact that the innovation revolution is going to create rates are going lower. charles: you like oracle and a bitcoin guy and 150,000 is your target and russell 2000 and

rally move on that not a lot of folks are talking about it. kip, thank you so much, my friend. talk again real soon. >> sounds good, charles. charles: my next guest says coming into this year, wall street may be too optimistic and bring in zoro capital investment representative. joe, it's been far too long. you've always been one of my favorites for years. >> appreciate it. charles: wall street is a bit rambunctious and top guy 19%, 19%. that's for this year. of course last year everyone was almost the exact opposite. you think we'll be slightly down this year? >> we'll be positive but not at this level. there's about 20 wall street strategists coming up with year end target and last year, 2024, they were expecting a flat year. i publicly put on my blog, 10-15% and up 206789 glad i got it right and glad i was more positive and i think they're overcompensating and they've got it wrong the last two years so they're expecting on average t

12-20%. we'll have a positives ty year. but just, i think it's a bit too opt histic but what i'm optimistic about is the secular growth themes that continue as a growth manager that invests in trades and individuals, i'm excited about the growth themes. charles: those are phenomenal and continue to be phenomenal. on that note, there's an interesting to me that wall street and feels like they're chasing and they can't get ahead of this thing. asking you about volatility, if i read the note properly, you think we'll have more volatility than last year. last year we had spikes and raising rates in japan and everyone lost their mind and we've had the spikes and settling when it comes to the vicks. , weaseled down quickly. >> if this will be a big year and the analogy would be similar to late 90s where the invention of the 90s and revolutionize our

lives was the internet and now the new invention is ai. if it's going to be similar to the late 90s, they continue to have great years but they had higher volatility. over the past 50 years, the average entry year is 14.5% and mentioning 200 day on nasdaq. s&p hadn't visited 200 day at all last year and only happened 11 times since 1950. so a visit to the 000 day some point later this year and average inter-year correction of 14%. at some point later and that wound be a that administer off. charles: saying don't panic. it's supposed to happen and when it does, don't head for the hills. maybe look for opportunity and talk about that here. >> exactly, yeah. >> i want to start with you at the bottom of your list and full disclosure, i have a new analyst and working on aerospace and rockets and didn't like his reports and said let me show you and saw rocket labs and bought it myself. i'm almost up 500% in just a few

months. >> nice. >> i was thrilled to see it on your list. >> yeah. charles: is this like the poor man's spacex for you? >> i wrote about it as well publicly under $10 and i think even barron's called it the next competitor to spacex. their electron rocket carries lower weight and the neutron rocket scheduled to launch later this year carrying higher payloads and weight compared to spacex contrast. spacex last private valuation around $350 billion. this at the time probably was under $5 billion. not saying it's going to get to that, but i think high risk, high reward. i've been in it since under $10 and still think it's going higher over the next 6-12 months. charles: i hope you're right. i wrote caughts about it yesterday and golly, we've been in it a long time. it's not unusual to make 500% but not in four or five months. awe the other names are familiar and talking vrt and i only have 30 seconds. again, this is an -- all of

these are volatile. so do you use top losses or your conviction and fubbed wantal anal cyst not stopping out of the name s? >> longer term, 200 days are really good area and a lot have not visit that had. everyone should know their -- adjust stop losses based on time frame. doing cooling in data center and part about industrials and materials and so forth. as we continue to build the data center, they're the only game if town for cooling, you know, that huge demand in data centers and ceos talked about this is a secular growth story. i'm excited about that. charles: this is something to buy and make money on it. >> i think over the next 6-12 months it's going higher. charles: great stuff. joe, he's a legend, folks. thank you, buddy. >> thank you. charles: stocks -- old stocks that are in your grandfather's portfolio. they're making a real bibbing come back and what's driving it and where should you be looking? we have a great guest on that, next.

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charles: folks, ge, the same ge they kicked out of the dow in 2018, since then it's been a beast. it's a beast again today. number one percentage gainer and blowing out earnings and fantastic guidance. i want to bring in growth funds portfolio manager john belton. you're a growth fund manager and you've talked about ge before and it's amazing. left for dead, three separate companies doing well. what's happening? >> charles, good to be here with you virtually. i think, yeah, last time i was with you we talked about ge. what's happen sergeant this stock is a beast as you said. they reported really blowout earnings this morning. the ceo said we're coming off a year and crushed number in the quarter and guided above the street on revenue and profits

and announced 30% increase in the dividend in a new $7 billion buy back operation and revenue growth and profitability and shareholder friendly capital allocation. charles: a big part of trump and musk's team is getting headlines and all this is intriguing and anything might be the blueprint for the year. number one healthcare, number two industrials, number three energy, number five financials and then real estate and materials and consumer sames and all those are higher. three letter down, consumer service, consumer discretionary and technology. not down for the year but the whole script is flipped and now there's the growth names down. does this sort of suggest that we're going to -- the cyclical names reflective of a domestic economy and might do better under this administration? >> first of all, charles, look at market on a trailing two-day

basis because there's no credit for yesterday. but i will say, you know, what's becoming very clear, what's been pretty clear is a lot of the excitement around artificial intelligence and the technology sector, a lot be have to be enabled by non-technology companies. there's a lot of industrial companies, a lot of energy companies, power management companies, data center companies that will have to come together to enable this technology so i think maybe stepping even further back, artificial intelligence is something that impacts the entire economy. so i think it's not just going to be one sector. there's going to be winners across multiple sectors and that's what we've seen today and all week. companies with strong fundamentals are seeing the stocks re-monday fave blizzard warnings. charles: that's a great observation and they've got to build these data centers and take them in and construction

and power it and electricity and power them and netflix is a name you've been in for awhile. it's another one of the marbles in a sense that not long ago, at one point, they offered to sell themselves to blockbuster for $a ooh million. companies changing modeling over and over and can't keep going and had the best quarter ever in many respects. >> netflix is an amazing example of a company that had amassed global scale, but it's still hasn't tapped into the entire addressable market till is launched the ad-supported tier on two years ago. launching advertising they were able to tap into a multi-hundred billion dollar revenue pool they didn't have access to recently and low aeroprice point and

section of potential consumers and there's paid subscribers that eclipsed 300 million and up 40 million from last year. and that's just such massive growth for context. hhulu, one of the other major streaming services has 43 million subsc subscribers and netflix added hulu last year and incredible growth and they're advertising and bringing back to ai. netflix's show recommendation algorithm is one of the earliest use cases for ai. they've been building out and one example of a company utilizing ai in the core business to improve its fundamentals. charles: great stuff. john, my man, let's talk real soon. >> sounds good, charles. take care. charles: president trump making it very clear to the global elite, he means business. he doesn't run on rhetoric but ran on something he means to get

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into we need double the energy we currently have in the united states for ai to really be as

big as we want to have it. saudi arabia will bees inning at least $6 -- investing at least $600 billion in america and i'll ask the crowned prince to round out to $1 trillion. we'll ask saudi arabia and opec to bring down the cost of oil. got to bring it down. charles: president trump, i mean, listen, speaking to that davos crowd mincing no words. his comments were music to the ears of my next guest. bringing in north dakota governor kelly armstrong. governor armstrong, congratulations on your victory. of course -- >> thank you. charles: a major oil producing state. what do you make of president trump? he declared an energy emergency and pushing all the levers out there for more production. >> well h you come from a place like north dakota, it's perfect and sent signals to the market almost immediately, which is what we want. getting rid of biden's pause on lng exports and pulling us out of paris climate accords and saw

china chatted with us a bit about that and that's interesting. it [ laughter ] >> for us it's all about infrastructure and pipeline infrastructure and transportation and we can drill for the oil and need to move oil and gas and we're excited about that. charles: what's amazing is we have an electricity crisis. all of a sudden our lead in ai is in gauge because we don't have energy and we want to war with energy and we were -- listen the the windmills and solar things and no one thought they'd work so quickly and punishing fossil fuels? why, it never made sense and china building coal plants every other week and nuclear power plants. can we catch up and we gain the momentum? >> it was about outsourcing the guilt and doing nothing to make the environment cleaner and

putting u.s. and north dakota businesses at uncompetitive position on the world stage. charles: germany outsourcing guilt and will never be the same. tariffs and obviously canada, listen, we want fair trade with canada and also stemming the tide of fentanyl. canada firing back and somebody from alberta said they're cutting off electricity to three american states. they've got their own rhetoric and making of this bat billion tariff withs our border par partners? >> there's a lot of factors that exist and north dakota's relationship with canada is unique and we're the only state essentially with eastern montana that farms up to the canadian border, and i think our -- protecting our sovereignty and fair deal withs the neighbors and working with the canadian government. we have friends and family that lives on both sides of the board service connected we want to take care of our friends as well. charles: yeah, when i was here driving up to virginia and nice

place and a dollar goes a long way in canada. trump says we can make our own cars and drill here also. so there's also domestic elements to all this. domestic economy element to it. >> well, i mean, it's noticeable. we have state of the state and going forward and people are noticing that's the key and president trump getting a fair deal and best deal whether for energy producers or you were on the committee and select of government in congress and president trump called out, just moments ago the ceo of bank of america in front of the entire world for unfair treatment of conservatives, what's your thoughts on that very specifically providing information whether or not they exercise their second amendment rights. we were dealing with that and that was in the weaponization committee and thomas massey as good as anybody. jim jordan and chip roy. we have to continue that because

we can do -- you pull all the levers of government but if private business is dealing wite areas against constitutional rights, then we have to be able to push back and say that's unacceptable. charles: right. i want to stay on this path for a second. during your debate for governor and one of the questions was legalizing marijuana and you voted no. in congress the marijuana dis-demeanor spongement act. what was the goal there? >> maybe, our marijuana policy at federal level could best be described as ostracizing. it's a schedule 1 narcotic and allow states to utilize it and we have people sentenced to draconian federal sentences on marijuana and oftentimes on states that's it's been legalized for 20 years. i supported that at federal level and i think it's important because we allow states to do this yet still schedule as and

classify as schedule 1 narcotic and it's a more reasonable federal policy on marijuana and will allow states like north dakota to make their own determinations in the real world instead of a political and legal fiction. charles: governor, thank you so much and again, congratulations. >> thank you. charles: see you soon. all right, yesterday my next guest going on cb1 capital management founding partner and more todd harrison. the act that the governor is a representative was all about what happened with angelos and will don angelos and not everyone is necessarily familiar with it. >> sure, he's a fascinating human beings going with cannabis and was sentenced to 5 years in federal penitentiary. president trump commuted

pardoned him and commuted his sentence turnovers and his first term. weldon and subsequently worked on the first step back, which was the last major criminal justice reform. as a matter of fact pam bondi during her confirmation hearing referenced the first step back and said there was more to do there. so going wide on fox and expressed their point of view and known the president for a long time that he's going to be a man of his word on his campaign prosperities and he's prosperitied to finish rescheduling and promised state rights and banking and clemencies and he'll fulfill the prosperities. charles: you've made a personal big bet on this. listen, you're a huge guy. you were a huge guy on wall street and kind of said, okay, this is the next big area and it was huge. president biden was elected and these stocks went to the moon and before that, they were the hot stocks and in part, it was assumed the federal government would remove the laws.

and strategies state banking and everything you need for industry to grow in the country. >> you have to understand, u.s. legal cannabis industry imposed 450,000 people. last year alone paid $4.5 billion in state legal taxes and it's an over 40 states right now. what happened over the last four years is really what didn't happen over the last four yearss from cory booker laying himself down and chuck schumm being the character and -- schummer and being a stick and gaslighting the american public and the u.s. legal cannabis industry in a real difficult place right now, and we need help from the president and no shame in admitting that and we believed d and industry believed biden would follow through on his word and that was a big lie. president trump has said that he was going to do this for the u.s. cannabis industry. we believe he was going to do this. we have 450,000 workers who can't get banking. we have stocks that are forced

to list in canada and can't on the u.s. exchange and it's the an tip sis of make america great and going to make the stocks great. charles: ironic on the campaign and harris falling behind with black voters and particularly black men and helping black men open up marijuana shops. they would use this all the time. i live in jersey and see the commercials with all the black kids and we're going to have black businesses. they,ed 44 licenses, none of them were even black people. it's like one party is using this as a -- just to get your vote and plague you. you must be a little skeptical. how confident are you that president trump will be the one to make this happen? i've known the president for a long time and he's a man of his word and few times on the campaign trail and said what

he'll do and we've seen in his first three days and he's done what he said and said what he's done. and the same will be a l holding true for president trump. charles: what's the index for you and msos? >> we advice and it was a 50 some odd dollars when biden took office and three and change now. and -- charles: that's a damn shame. >> right u but that's a mirror image and mirror image of the blue sweep having the blue sweep straight up and four years of pain. this potentially is three months of pain and seeing something from the president, maybe the industry can get it big again. charles: thank you, my man. great seeing you. folks, trump making a stand at world economic forum and demanding respect from other countries. gonna talk about that and also my take on tariffs and impacting his wall and the other reason why corporate america not on the same page as main street.

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the way i approach work post fatherhood, has really 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. in the average household, there are dozens of connected devices. connectivity is a big part of my boys' lives. it brings people together in meaningful ways.

jowski we're going to be demanding and we're going to be demanding respect from other nations. can darks if you don't make your product in america, which is your prerogative, then very simply you will have to pay a tariff. there'll be no better place on earth to create jobs, build factories or grow a company than right here in the good old usa. charles: well, president trump and davos taking it to the elites. taking tariffs and wall street -- talking star tariffs d wall street made tariffs a boogie man especially in financial media and the markets pushing down a couple weeks ago, there's not the same push. not this week. major firms are pumping out the reservice connected and have the charts are all omelet -- research and charts are all ominous and some nations that i talked about earlier, they're doing saber rattling themselves and others seem to be coming around: eu extending olive branch that they're open to

buying u.s. energy and small arms to stave off tariffs. they've got to buy them anyway. jamie dimon addressed this issue this week saying get over it. listen, saying slightly higher prices are worth it if it's security involved. take a listen. >> i look attar riffs, they are -- at tariffs they're a economic tool. that's it. they're a economic weapon and depending how and why you use it. inflationary and noninflationary. if it's a little inflationary and good for national security, so be it. get over it. charles: get over it. what makes his comment even more interesting? face it, it's that big business, the big business community. think about this and they've surrounded the circles around. they want to protect open boarders, they want to protect h1b visa plan and like the international trade deals in part because, well, corporate america, wall street has done very, very well with the deals. not sure everyone else can say the same. now, my next guest says that

it's a clear example of antigrowth protectionism and overall the good outweighs the bad with trump economics. bring in darius dell. darius, first of all, it's a new day. the protection ain't as bad as it was two weeks ago. >> not at all, charles. thanksfor having me. charles: what do you makeover the comments we heard from jamie dimon. people are take ago second look at this because i feel like every time we talk about this on wall street, it's a smooth holly example, but there's been other times we've used it. >> yeah, absolutely. the smooth holly opinion is misguided and relating to tariffs is the impact in the currency market. if you tariff a country, they tend to offset by devaluing the currencies. the issue here as it related to 2025 is if we significantly tariff china, we'll have a significant china evaluation and we've seen sympathyed evaluations on the currencies with the u.s. dollar and can't afford a too strong u.s. dollar

in 2025. this is one of the biggest years ever for the global debt refinancing cycle. charles: is the dollar too strong? >> not right now but the bull market could continue another 3, 4, 5% and talking about a significant reduction in global liquidity and again, in a year that requires expansion of global investor balance sheet capacity. charles: i like that point and like to see it come down a bit even from where it is now. talking about the executive orders. thoughts on them and a tidal wave of them, we heard they were coming. the market is reacting well to them. >> yeah, again, the net impact of president trump's economic ageneral darks there's some good, there's some bad -- agenda and some good and bad as it relates to economy market and assets. we have tax cuts down the pike and deregulation ball rolling rg and accelerated energy production. we're seeing advent of fresh tariffs and very likely to see the shutting of the southern border. the reason the shutting of the southern border matters is

millions of migrants that crossed illegally, i don't support obviously, but the reality is it caused waged inflation to decline significant and inflated corporate profits in the process and you could be reversing some of that. charles: it's great news for main street. >> well, yeah, and those that voted president trump in office. charles: about tax cut s? >> expanding trump tax cuts will represent a small positive shock to the economy from the perspective of boosting con couples investment expandtures and the tomorrow rat tax cut is the biggest market catalyst and merely extending the individual income provisions of the tcja, that's not going to be much of a stimulus. the big one is the corporate tax reduction. charles: animal spirits feel like they're back and opening weak. your thoughts on where we are with the equities market and the animal spirits, how far can they carry us?

>> upside through the second quarter of the year and function of treasury general spend down and debt ceiling for treasury out of market in terms of net issue and that creates more demand for risky assets and think the market can run and animal spirits are supporting that and materializing around mid year and 1998 is a good case study. charles: i have less than a minute and observation was more important than prediction in a podcast. >> 100%. charles: people doing this on their own and trying to invest on their own, how does that apply to someone. come here and show wall street predictions today. how do you take that and apply it in real life? >> look, it just listen to the market. that's my number one advice to every investor i interact with. charles: don't fight the market. >> right, the trend is your friend. if you study deflation natural rights approach periods or inflationary period, number one performs strategy of a market event is trend following.

pay attention to the market and do one of the world's best jobs at that. charles: appreciate it, my man. >> appreciate it. charles: trump and elon musk say buckle up because we're going to mars. that's right. here's the great news, how to make money. we'll go to mars and make money? you can't wait and neither can i. we'll be right back. ♪ ..

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at enterprise mobility, we guide companies to unique solutions, from our team of mobility experts. because we believe the more ways we all have to move forward. the further we'll all go. charles: mankind has dreamed of going to mars for centuries. the planet has seasons just like earth. may maybe we can go there. leonardo da vinci took a step

further, anticipated with modern spacecraft would look like if we made a voyage to mars. then there's the discovery of canals. look at this map. martian canals riddled throughout the planet. they've got water, we can live there. this map was in 1877. more than 1000 plotted mars missions, from nasa, they say we can do it, and donald trump says he makes the trip. and listed elon musk to help. how do we make money on donald trump's mission to mars, talk to the audience about trump's mission to mars and how likely it is? >> i think it is likely, it is the next step. tesla took musk to the moon but space x will take command us to mars.

charles: why can musk do and not nasa? >> nasa is a bureaucratic organization. he sent more rockets to space every year. cost-efficient way, reuses the rockets and without taking into consideration the cash cow of space x, taking candy from a baby because he's competing with the most bureaucratic companies, no competition. not question whether he's going to win or not. charles: your public-private etf, the crossover where retail investors, you came on talking about this, congratulations, it is a double top. do you feel this will keep

going, the first time you told us about it was the only way for a retail investor to have access to own space x? >> this is the case, the only retail investor to get at space x, no minimums, or minute even. where most of all the other ways to get into it or integral funds. so you pair many more times for what you can get for one dollar. charles: the stargate thing out this week, you like that. >> we like that stargate news. we made space x -- we didn't just wake up saying it is all about space x. 18 attributes.

space x exceeds these attributes and we believe these can be the next mag seven, makes elon, may be multi trillion air and we believe that is the next wealth generator well above what we have today. charles: larry ellison made the remark normally he would be in davos, he was in trump's or but. these are some of the reasons you like it. >> we've spoken about it here before. i like it in a good market and a bad market. and still do great. larry ellison is the third person and this is a cash cow, generate a lot of profits and widened their margins. charles: convey raise $500 billion for stargate?

>> i think they will. we haven't seen a market where being close to the administration is beneficial. this is an economy which is good and bad that is a big advantage. charles: the symbol for the private/private -- >> xo vr. a crossover of etf. charles: and oracle. you have been walking. taylor riggs in for liz claman. liz: planting the stars and stripes on mars. charles: they say the rocketship won't come in my size in ashley