and one of the things to pay close attention to is one of the smaller coins, solana. it's about 250 bucks or there abouts and it did hit a record high of 290+. the reason why it's important and a lot of attention on solana because it is the home network of the trump meme coin that came out and reached a fever pitch. we know that coin has fallen in value precipitously since that high and keep an eye on solana. it's one of the most talked about networks and it is the home of the trump meme coin. i did not make that connection, dom. thank you very much. dom chu. president trump starting his second term with dozens of executive orders to start his agenda. tariffs were not one of the 46 actions and he teased putting 25% tariffs on mexico and canada as early as feb 1. he withdrew from the paris climate agreement and revoked a number of biden administration clean energy initiatives. apple and amp zon azon, meta an tiktok raising questions about which direction his administration will go. speaking of tiktok, the president signed an executive order delaying the enforcement of

solana almost down 10%.ny scaramucci coming on or he was on earlier saying that people were kind of looking for a reason to sell. after a big run up following the election. okay. that is your setup. now we want to turn our attention to the fed set to hand down its latest rate decision this afternoon. expectations are that the central bank will keep rates unchanged thanks to continued strength in the labor market and some progress on inflation. but that's not likely to sit well with the president, who, as you just heard a moment ago, said last week he would soon demand lower rates from the fed and its officials. for much more on this, let's bring in roger ferguson, former federal reserve vice chairman, former tiaa president and ceo and, of course, a cnbc contributor. roger, good morning. it's good to see you. >> good morning. frank. nice to be with you. >> all right. so if we're looking at what bond traders are pricing in, they pretty much think it's going to be another pause. it seems like everybody's really

block chain, we talked about bitcoin before, ethereum, because he uses solana and gives him the theory over the revelation will be the block chain not the meme coins and hopefully hold value in meeting the americans don't lose money. stuart: a nice breakdown, well done, not bad at all. the president, you have to say it right the president-elect donald trump is expected to arrive at the white house shortly he will be greeted by president biden and we have complete coverage for you. you will see it all and we will be back. ♪ [city noise] investment opportunities are everywhere you turn. do you charge forward? freeze in your tracks? (♪) or, let curiosity light the way. at t. rowe price, we're asking smart questions about opportunities like clean water. and how clean water advances can help transform our tomorrows. better questions. better outcomes. t. rowe price —hi! —hi! ♪ chocolate fundraiser. ♪ with the chase mobile app, things move a little more smoothly. ♪ deposit checks easily and send money quickly. [coins clinking] ♪ that's convenience from chase. make more of what's yours. stuart

bitcoin realist, bitcoin bowl in the sense that i believe in the case of bitcoin and ethereum and solanad be the biggest beneficiary of the census on their network and that's why i would invest in crypto assets because of the block chain that is behind them. doge, the trump coin, melania, none of them have a block chain, there literally is speculative asset that is trying to gather assets. in the bigger concern of course this was issued by his soon-to-be sitting president that he owns a huge amount in this can be seen as market manipulation in the whole point with crypto assets to have decentralized uncontrolled environment where the government is not involved. so many concerns about this. i'm sure there are plenty of people that like to go to the casino and gamble but these things are basically a casino. cheryl: stay with me we have other news that broke market news even though the market is closed today costco teamsters voted to authorize a nationwide strike. it was an overwhelming 85% margin on the vote they failed to agree to a contract with the 18000 union members the contract expir

ethereum and solana and ripple trading higher this week. we are watching the energy market.. the israel security meeting to vote on the cease-fire after the delay from prime minister netanyahu. take a look at oil. oil prices moving higher. brent crude up .13%, but off the highs of earlier this week. wti hit $80 a barrel. we are watching shares of apple after closing down 4% yesterday for its worst day since august. shares up .50%. week to date, apple shares down more than 3%. >>> that is the set up. we turn attention over to washington and the confirmation hearing of scott bessent. trump's treasury secretary pick. hit on a number of hot button issues with tariffs and the outlook for wall street and main street and the d.c. spending habits. >> and to be clear, this is one of the things that got me out from behind my desk and quiet life and this campaign was the thought that this spending is out of control. >> he believes we probably gotten over it on sanctions and sanctions may be driving countries out of the use of the u.s. dollar. so the tariffs can be used for negotiations

ether and solana and ripple in the red.y launching a pair of meme coins in the lead up to the inauguration. both already worth billions of dollars on paper. >>> turning back to d.c. and president trump signing 50 executive orders on day one. that including a rollback of the 80 biden orders and not directly tackled on day one, president is looking to a tariff filled february. >> we're thinking in terms of 25% on mexico and canada because they're llowing vast numbers of people. canada is a very bad abuser. vast number of people to come in and fentanyl to come in. >> when would you enact? >> i think february 1st. i nk we'll do it february 1st. >> joining me now is chris campbell. marc short also still here with me. chris, good morning. thank you for joining us. >> good morning, frank. good to be with you. good morning, marc. >> i think we have to start off with the executive orders when it comes to tariffs. what was your view of what we heard and what we didn't hear when it came to the executive orders and the fact the preside

solana flat. ripple down just about 1%. that is your setup this morning. one of our big "money movers," the biggest this morning is netflix. shares are surging on the back of top and bottom line beats. the streaming giant surprising with a record number of paid membership ads for the quarter and 19 million, that was well above estimates, total subscribers topping 300 million. shares up more than 14%. netflix raising prices on most of its u.s. plans. the co-ceo said big bets are playing off. >> it's great the big swings worked very well in the quarter. to be able to have that translate into revenue growth meaningfully, everything has to be working. the product, the pricing teams, the marketing, the advertising. all of those things have got to be working well and we saw really strong execution across the board throughout the quarter and throughout the year. >> for much more let's bring in the senior analyst at wolf research. peter, good morning. good to see you. >> good morning, frank. >> huge quarter, blowout numbers across the board, even raised guidance,

solana almost 4% higher. litecoin and ripple also moving higher right now. all right that is the setup. it's now time for your big money movers. going to go back to texas instruments. those shares there under pressure after the chip maker signaled ongoing challenges in its auto and industrials markets which account for just about 70% of revenue. you can see the stock again down just about 5%. the company's ceo has said they have not seen a bottom, at least not yet. they also warned that gross profit margin will decrease a few hundred basis points in the months ahead. it's very important to note management did not mention artificial intelligence even once during the earnings call. taking a look at other chip makers. they're falling in sympathy. this morning again texas instruments shares down about 5%. analog devices down more than 1% on semiconductor down over 1.5%. similar story for nxp semiconductor. all right. we showed it to you before shares of csx. they're also lower. the rail giant missing top line estimates for its most recent quarter hit hard by fal

solana the hardest hit. down almost 8%. all right that is your setup. let's now see how europe is shaping up as its trading day gets underway. >> our sylvia. amaro is in. london with. >> a look at the early action. >> sylvia. good morning. >> good morning frank. >> so far it has been. >> a mixed. >> day really for european equities. >> this despite. >> the very strong. >> day that we witnessed on wednesday. we had. >> the benchmark, the. >> stoxx 600. hitting a record high today. >> however we. >> are a little. >> bit off from that. >> record level. but indeed we're still. >> seeing a. >> little bit. >> of green. >> over in germany, france. >> and. as well as italy. >> but let me take you to the different sectors. because at this stage, european investors are very much. focused on what. >> we're hearing from corporates. >> at this stage. we have. >> the. >> banking sector as the best performing one. >> we're up. >> almost 8/10 of a percent. the driver here is indeed. >> the. >> latest corporate results. >> we heard. >> from a couple of banks this. >> mo

you have ethereum and solana obviously, but stablecoins.oins moving from a $200 billion market cap to 4 or $500 billion. it's a cheaper technology, the settlement is faster. it's found product market fit. we don't need to do anything except to put more fuel on that fire. >> very friendly administration. how important is a bitcoin reserve? >> the bitcoin reserve is it's of course important, but it's not as important as the fact that the war on crypto by the us government is officially over. it really is. you've never seen a 180 degree shift so quickly from one administration to the next. what happened in the last few years is we were talking about what is crypto then? why is crypto important now? it's how are we going to bring crypto to the us? you got the executive orders, you've got the sec actions giving you air cover and setting the tone already bringing builders back to the us. but then you have real legislative rolling up your sleeves. we were just in doral talking to republican congresspeople. where does defi fit on the board? how do

ethereum and solana pulling back a bit. >>> that is the set up. let's see if europe is following wall street's move higher with silvia amaro with a look at the early london action. >> good morning, frank. the short answer is yes, we are. european investors are also taking comfort from the lower cpi print we witnessed stateside. that also contributed to lower bond yields across europe, too. let's not forget european investors are digesting the latest earnings from some companies. we did get strong figure there is. with that context in mind, let me show you the different bourses. we have green across the board. ftse 100 is up .80%. this is, however, despite the weak gdp print earlier today. i want to focus over in france. we have the main market up 1.81%. why? because of strong moves within the luxury sector. let me show you that sector in more detail. we heard from richemont today and their earnings were very, very strong. you can see that. it is reflected in the way the share price is moving. we are up almost 17%. that, frank, has driven gains acr

ethereum and solana also higher today. and shares of the bio tech stock neumora plummeting more than 80% today. its worst day ever. that would be my worst day ever, 80% down. after the company's experimental depression drug failed to reduce symptoms in late-stage trials. the stock now worth about $300 million. that would take you into small cap territory. >>> meanwhile, the home builder stocks in need of repair. dr horton, pulte group, kb home, lennar falling double digits over the past month as mortgage demand slid to end the year. diana olick has the details. >> it does usually, that's right, tyler, but it did a lot this year. total application volume for the two weeks ending december 27th dropped nearly 22% compared with the week before that period, according to the mortgage bankers association. which did seasonal and holiday adjustments. now, during that time, the average rate of the 30-year fixed increased to 6.97% from 6.89% for loans with 20% down. rates were 21 basis points higher than they were the year before. an

but solana hit a record because it's the network that that trump meme coin was on.it on that and other alt coins. back to you. >> all right. >>> still to come, the outlook for energy under trump 2.0. what it means for the sector as you got west texas at about a two-week low. don't forget you can catch "squawk on the street" any time. just listen to and follow the "squawk on the street" podcast available now on spotify, apple music, and more. we're back in a moment. >>> big morning the hill for the president's treasury secretary pick, scott bessent. emily wings has the latest. good morning. >> reporter: good morning. yeah, the key house committee has gone -- sorry, key senate committee has gone ahead and approved scott bessent's nomination for treasury secretary. you saw all republicans and joined by mark warner and maggie hassan go ahead and support scott bessent's nomination. he has cleared one hurdle. he will be going to the senate floor. the senate trying to get through as many of trump's nominees as quickly as they can. certainly there's some controversial ones

bitcoin was under $100, and he has a lot of conviction and has been one of his best investments and now solanaw the talk is does the trump meme continue hurt legitimacy, the fact it's attracted so much money on pure speculation, does that say something about bitcoin overall? i think that's where the conversation has moved around bitcoin. as far as everything else, a lot of it is reacting to some of these executive words that trump has signed. he's moved very quickly, and it's affected a lot of businesses. one of the executive orders is on evs, getting rid of the so-called ev mandate that president biden put in place where the target is to have half of u.s. cars as evs by 2030. so andrew got a chance to talk to uber's ceo and asked him if that would have an impact on their decision because they've been very focused in prioritizing evs as the future. listen to what he said. >> we're going to keep doing what we're doing, and i think anyone who bases their business plan based on government subsidies is not doing the right thing. sure they help, but the fundamentals for us continue to be there, and

do they make money on the transaction fees on solana on the platform? is that part of this as well? they clearly make make money when they issue them and they've set it up so that additional coins are issued over time and again. that's why i say, you know, this has an ongoing potential for conflicts of interest, because if you're continuing to get money from the sales of these coins, then you want people to push up the price. so i think it's very unfortunate. >> all right, tim. appreciate your time. thank you. >> thank you. >> we'll be right back. stay with us. >> cnbc crypto world is >> cnbc crypto world is sponsored by carl: what's up, carl nation! it's your #1 broker with the best full-service wealth management skills in the biz. tech asst: actually i'm seeing something from schwab. (uh-oh) producer : yeah, schwab lets you invest and trade on your own. and if you want they can even manage it for you. not to mention, schwab has a team of specialists for taxes, insurance, and estate planning. both producers: all with low fees. carl: we're experiencing technical difficulties... uh,

and, you know, here's do you do you have a solana account so that we can a wallet so that we can sendg to do with it again. but yeah, it was that's that's what's going on. >> and that's. >> what's so interesting. >> is that anybody. >> can create it. there were there were 82 transactions before we started talking about it. the transactions have been climbing. it's now 169 and climbing since we've been on tv. talking about this. we should probably be clear just to everybody out there, this is not you. this is not authorized. you're right in us talking about it. i think we're we're boosting it a bit. but this is not something you had anything to do with any knowledge of. you don't own. >> all correct. i have nothing to do with this. zero it. we're just watching it like everybody else. and it's interesting to understand the phenomenon of how these things get going. and also recognizing how many other fake coins seem to be emerging under other people's names. you know, ivanka trump just had the same situation happen earlier in the week. you know, obviously, her father, the president, actu