taking tariffs and wall street -- talking star tariffs d wall street made tariffs a boogie man especiallyweeks 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 t

what is wall street saying about his impact on financial markets? >> good morning.hink wall street is nervous, both you because he has obviously been making loud noises about potential tariffs. we know that he is a bit bombastic and his approach to politics, so we do not know exactly what we are going to get when he is at office. even when he is in office he is expected to be unpredictable, and that has added a layer of uncertainty over all of the calls for the year ahead in a way that we have not had in recent years, so pretty much every call from economics to markets is all caveated with the great unknown that is donald trump's second presidency. lizzy: there are a lot of concerns over the several hundred key calls. what else sends out to you? >> i have been doing this for a few years now, and every year there is a general consensus that emerges, but i would say that this year is definitely stronger than in previous years. the overall picture is of u.s. exceptionalism once again coming to the fore both in terms of economics and asset performance. they're just does

whether you're on main street or wall street.usiness is invested in you go to fox business, podcast.com or wherever you download your favorite podcast. america is listening. well, it's woke dead on wall street. finally. is it dead? i don't know. we're going to ask my dear friend kevin warsh, former federal reserve governor, a man about town. here's the headline in the new york sun. okay. jp morgan joins wall street banks in exodus from climate coalition ahead of the trump presidency. jp morgan, morgan stanley, citigroup, bank of america, wells fargo and goldman sachs. and i could add blackrock today. they're staying away from all this climate change woke and zero. what do they call it. zero net something or other. now you're on the street at least occasionally. what do you make of this? is it true? so it sure sounds to me like elections matter, larry. that's perfect. it sounds like there might be a two way door on the climate group. and that's a good news. it was a two way door. they all flocked together, but after the election,

banks and financial businesses used on wall street. they found that there was many financial industry insiders who used their power on wall street to accumulate money to themselves sometimes at the expense of their own investors. one of the people that congress, senate called to testify, was charles mitchell. the president of what was then the nation's largest bank, national city, and the subpoena of mitchell is right here. under questioning bank president mitchell admitted he had acted irresponsiblely with his investors' money. he had sold securities as safe bets when he had not actually vetted them thoroughly to know whether or not. the committee also subpoenaed other wall street titans like for example jpmorgan, jr who admitted under oath he had paid no income taxes for several years and that he had given preferential to public figures. so the great depression had impacted more americans than any other economic event had in american history. those americans were paying close attention to this investigation in the senate about wall s

larry: well woke dead on wall street in is it?an about town. here is headline in new york sun. j.p. morgan joins wall street banks in exodus from climate coalition, ahead of the trump presidency. joj.p. morgan, mo morgan stanley, citigroup, and i could add black rock today, staying away from climate change woke and zero -- zero net something or other. now you are on the street, at least on occasion. >> it sure sounds like elections matter. >> perfect. >> there might be a two-way door on climate group that is good news. they flocked together, but after election two way door they have decided they will make their own interests policies, not first multilateral organization created whose interests are not in alignment with interest of members, glad to see independent ceos making their own decisions. larry: there were reports, that they were debanking people. if they found out such people were not involved in d.e.i. or climate change or netzero emissions and whatnot. that pure insanity. illegal and unconstitutional. >> it a dangerous s

larry: wall street is somewhat crazed about tariffs. you read routinely, every news story has a paragraph or two but how they will be inflationary is wall street wrong kevin has snet. hassett? >> everyone has been saying it for last year and goldman sachs thing said that harris a policies would be better, let's look at this, if you spend 1.5 trillion a year more on government spending you get inflation. if you don't let people drill, baby, drill, then energy prices go up you get inflation, if you do, as biden did over last couple years kill 130 million chickens then egg prices will go up. the fact is that we're doing microthings correctly, deregulatory things correctly we'll get macro stuff right too, but, make no mistake, inflation under joe biden was just under 5% for his whole term. about little bit less than it was under jimmy carter, and way more than double under president trump. and we're 100% on the ball going after inflation, it will require all of the above approach. and right now we have inherited high inflation, still 50% hi

might find and wall street might find a lump of coal in its stocking.ly, the german economy is seen as the powerhouse of europe. it is, after all, the largest economy in europe, but increasingly, it is the economic laggard. we haven't seen any economic growth for years and 2025 looks set to be another year of stagnation. that is mainly because of competition from china but also a lack of global demand, both globally, but also in europe and at home and what is adding to the problem is political uncertainty. the governing coalition here collapsed in november after months of political strife and arguments and there are snap elections in february. the big question is, what will the government do to get the economy going? we're not talking about full blown recession butjobless figures are rising slowly and there are questions about whether germany's exports—driven industrial model is still working for the whole country. economically going into 2025, china's problems remain. local government debt, a real estate crisis which has seen families lose their entire

wall street breathing a sigh of relief and everyone is whaching the direction of buying yield right. here's what we've got to look at. the same tide lifting off ships in this case it is intriguing about an hour ago. but biggest winner shed two things consumer discretionary being driven by the home build ergs. right now you did have a big home builder that beat the street but also, obviously, you start to get relief maybe that works out pretty well and amy nixon will talk about the housing crisis later and also the big move in real estate. commercial real estate, obviously, is the area that people are concerned about. the concerns have gone away and back good to see two the two making a big move and story has been over the last three or four sessions rotation even yesterday think about this. the market was down for the count twice came back twice. but it was not the sectors that led us back. are we in the miss of a rotation trade that many thought would start a year ago we'll see by the end of today session the same tide lifting ships. look at this these are your factors right again w

it could be a positive start to the trading day on wall street. this despite the weak session we witnessed yesterday, just to give you an idea, we had the nasdaq down 1.9%. the s and p also finished a day lower by about 1.1%. and indeed, a lot of that had to do with the moves in the tech space. and i want to tell you why. we actually saw u.s. stocks and treasuries selling off on tuesday after better than expected service sector activity and jobs data as well. while on going concerns over tariffs cloud the trajectory of the feds rate cutting pathway. the ism services index rose better than expected. two percentage points. representing the share of businesses expecting growth. now the measure of prices surge more than six points to 64.4%. now, in addition to that, u.s. job openings hit a six month high in november, according to the latest survey. available positions rose to 8.1 million, well ahead of estimates. so let me show you indeed how we fair at the end of tuesday's session. i had already hinted to some of the numbers and weakness overall. but

last week we saw wall street bury the banking awe alliance.s. they would strongarm businesses into unreasonable and very expensive energy plans. small businesses couldn't get any banking. it would have been a disaster just as the green movement has been an unmitigated disaster in europe, particularly for germany. american colleges, big businesses, they're now starting to ditch dei programs. in fact, today the latest being mcdonald's. and maybe, maybe, the biggest about face from facebook, mark sulker berg who announced they're ending their fact-checking system saying the election are was a, quote, cultural tipping point. joining me now is walter -- walser wealth management's rebecca walser. the establishment pushed back with against trump almost every time they could, everyone piled against him. this time folks are getting in line. why do you think -- what's the difference? >> sam altman said last month that trump will lead us into the if age of a.i., and so they want him to be successful because america needs to lead that age. charles: but ev

is wall street wrong, kevin hassett? >> look, that's -- everybody has been saying that for the last year and goldman sachs thing that said, you know, harris' policies would be better than trump and more on government spending and going to get inflation and don't let the drill, baby, drill and if you do, as biden did over the last couple of years and kill 130 million chickens, than egg prices go up. the fact is that we're doing micro-things correctly, deregulatory things correctly and getting the macro stuff right too. make no mistake, under joe biden just under 5% of the whole term, about a little bit less than it was under jimmy carter and way more than double what it was under tram. we're 100% on the ball going fr an all above approach and inherited high inflation and 50% higher than it was when we left office and president trump for sure is going go after them and doing it with all the above and looking at everything and he wills inflationary for the prize of eggs and kill 130 million chickens, guys. larry: okay. wall

he said wall street has already done very well. give main street the chance they deserve. so i think that it's very important that by protecting american workers, what you're really saying is you want them to have a fair chance to compete in world markets with their own exports and the monetary part of it is one piece of that. charles: i've got about a minute and a half two minutes but i've got to ask you about the federal reserve. i just am so frustrated with the federal reserve. just particularly to powell, federal reserve. i feel like they have lost their way if they ever did have a way and everything they do seems to hurt one person, one group of people and that's main street. to your point, scott's point at a hearing today, rich folks have never done better than they have over the last four years. you keep rates at the level they are they keep getting billions of dollars in checks and go out and spend it and for some reason the federal reserve thinks that's the average person and tries to punish them so now instead of paying 1

you say wall street's back. why is wall street back this quarter? what's the reason? >> the setup for banks is not as good and it has to do with wall street. if you look at trading and asset wealth management, they have tailwinds in the quarter. jpmorgan said they expect q4 banking to be up 45% and in trading, mid to high teens. as you know, stock values were close to record all last q4. you will have that market really lift the asset wealth management division of the big banks. jpmorgan is one example. other big banks have similar numbers here. you have wall street powering the q4 results and probably into 2025 as well, frank. >> let's talk about earnings. i'm looking at some of the earnings. morgan stanley eps expected to increase 99% year over year. what's the catalyst for the big upside moves when it comes to profit? >> yeah, so, it really is investment banking and trading and rebounding off more one or two years as interest rates are really high during the 11 rate hikes we had in that hiking cycle. as we et off that, the earnings are good. for morgan stanley, in

live from new york at the opening bell, this is business today, where wall street shares are seeing a muted opening as investors mull over the us president's latest comments. donald trump says he'll demand an immediate drop in interest rates and softens his stance on tariffs on china. also on the programme,japan raises its main interest rate as the world's number four economy puts stagflation in the rear view mirror. and we'll be live in davos with the managing director of the world economic forum, looking back on a big week for global leaders. welcome to business today. live from new york, i'm ritika gupta. wall street has opened slightly lower following president donald trump's latest comments on tariffs which were seen as taking a softer stance on levies against china and raised the prospect of lower in the rear view mirror. and we'll be live in davos with the managing director of the world economic forum, looking back on a big week for global leaders. welcome to business today. live from new york, i'm ritika gupta. wall street has opened slightly lower following president donald t

a choppy day in prospect for wall street after a report that president elect trump may declare a "nationalconomic emergency" to control us trade. and — big changes at big tech. the boss of x defends political interventions by elon musk as mark zuckerberg points to a �*cultural tipping point�* since the us election. and pimp my ride billionaire—style. rolls royce changes up a gear — to make more bespoke cars for the ultra rich. and a record yearfor the music business — as annual sales in the uk outstrip the peak of the cd era. welcome to business today, live from new york. wall street faces a choppy day of trading this wednesday — and a record yearfor the music business — as annual sales in the uk outstrip the peak of the cd era. welcome to business today, live from new york. wall street faces a choppy day of trading this wednesday — after a report by cnn that president—elect trump on his return to the white house could declare a national economic emergency to take power over us trade policy. the move would give him wide ranging emergency powers to manage imports. easing tensions a little t

so you can go back in 2000 where wall street was really optimist inning and the market went down -- october in 2009ubs thought the market was going to be up 50%. that's a gutsy call. but more recently the street has gotten very pessimistic. check this out. in four of the last five years, you can see the market closed significantly higher than wall street even thought, just no where around it. so maybe, maybe they've gotten too pessimistic. now, of course, in his, in his predictions report for 2025 the using valuations, my next guest, he talks about how bad wall street has been at this guessing game. let's bring in ri advisers can cio lance roberts. lance, why is it so hard for the smartest guys and gals if the room to even remotely get this right in recent years? >> well, you know, it was once said that prediction ifs about the future are very hard to mak- charles: i thought yogi berra said that. [laughter] >> but, look, so many things can happen in a year, and i think this past year, 2024, was a really good example. we were coming in, we had high valuationsings, earnings growth was good bu

the wall stre wall street journl highlighted a study when you have these events whether something like this with estimates for insurable losses are 20 billion or bigger with katrina you see insurance rates go up across the country because they're trying to make back money and states with weaker insurance regulation goes up even more like virginia and vermont it's something that we will have to keep an eye on. jack: you see in the market, insurance stocks got hammered mercury general 80% of the business in california dropped 26% this week. jack: jensen huang spoke at ces everybody was focused on quantum a.i. they got computing stocks are got killed you saw something totally different echoes of elon musk. >> ces las vegas a big event every year jensen the father of a.i. everybody pays attention. the thing that i thought he sound exactly like elon musk which is the winter elon and a justification for permanently optimistic. >> we all have a.i. and we can type in pond question super interpretive laxity and chat gpt that's everybody's exposure. down the road jensen said robotics could be th

by the way, the wall street chapter is fantastic. i mean, this man had an entire ten year career on wall street. and reading that, it was like reading biography of steve schwarzman or something. it's quite a lot packed into one life. the early days of, the cold war demanded generalists with competence in multiple areas. military strategy intelligence, diplomacy, the know how to achieve results, whether in the private sector, academia or government bureaucracies. knutson met the demand. so in a way, you're talking about someone who right for this moment. and that's what i want to get into now, because the moment where everything was falling apart by his own account, that's where we were. the pillars of our postwar foreign policy were failing and they had to go back and address some fundamental questions about the world in nsc 68. and i think someone like this who who was able to draw in all of these and therefore deal with fundamental elements of the world to speak. it was really seemed to me like a unique moment in american history.

year, which everyone watches, i don't know, honestly if you would have asked almost everyone on wall street about four or five months ago, 4.76, i think universally everyone said certainly south of 4% maybe even 3.5% so knocking on the door of 5% is not exactly not what anyone on wall street was anticipating just a few months ago, but there we r. the question now, has the backdrop changed and this is what bank of america is recommending and bear stern and that reflects a economic boom and should help commodities get out of stocks going to commodities and if they're right, that's where you want to be. my first guest says the chop in the market and going to continue and going to ride it out. one heck of a ride and a lot of this we're spoiled. down 4 possessor and be cool. we're okay. the chop continues and sideways, action, and hawkish fed, skyrocketing yields. the question is how temporary is all of this q >> the same things that we dealt with last glee a sense are what we're dealing with this year; right. we had a lot of sideways price action and exactly where we were the night before the t

again, wall street looking at maybe one rate cut, some firms saying none. also, folks, where are the opportunities? should you chase the big winners? some of them already turned around a intraday, or should you be looking at a bottom fishing? we've got an expert that's going to ten -- help you with your portfolio, and a power panel discussing the insurance industry. all that and so much more on "making money." the jobs report -- ♪ ♪ charles: all right or. now, we got the intro done, let's start with the jobs report. it did come in better than expected, surprise! i can't wait for those revisions. so we get the knee-jerk reaction. higher bond yields, a spike in the u.s. dollar which i think is the most a damning of all of this, lower equities. i've got to be quite honest, i didn't see much that suggests panic to stock investors. wage gains are slowing, you don't get wage inflation because of the jobs -- composition that we saw. full-time jobs, by the way with, declined by 350 to ,000 and, again, the composition of these numbers aren't too great. retail and pl

they point to a negative start to the trading day on wall street.hese numbers with telling us at the moment continuing that downward pressure we already witnessed for u.s. stocks on friday. we had, for instance, the nasdaq down 1.6% on the day. we had the dow down similar levels and the s&p 500 also down around the same figures. this, though, overall, when you put those numbers of the friday session into context, it was also a negative week for u.s. equities. let's see what will happen this week when we have also a lot of data coming through. i want to focus on what's happening in the bond markets starting, no doubt, with what is happening here in the uk. gilt yields are marching higher as the selloff continues into the third straight week. this after the yield on the ten-year paper hit its highest since the global financial crisis in 2008 and the yield on the longer data debt reached highest level since 1998. just to put things into context, that's when the lead topped of the charts. but while yields are rising globally as uncertainty grows over th

top ceos front center of the inauguration they deliver for president trump i can they deliver for wall street, we will take a deeper look. we begin with the expert panel and three things investors are to be thinking about right now on the "barron's roundtable" my colleagues ben levisohn, elizabeth o'brien and andrew bary. great week for the s&p 500 and the dow did better going out more than 2%, broadening in the market we sell a little bit on friday but hit an all-time record in the middle of the trading day, what is going on. >> it's amazing i went away for a week and i left in the market was falling apart and everybody was worried and they come back everything is hunky-dory and it looks that way with a solid week the dow was the one that led to higher we had a real breath in the market not just the magnificent seven going up we had software stocks were then double apple and the rest of the stocks that this week. you are seeing a market where people are buying stocks that they like in the market is going. >> washington has been dominating the news and what might be driving stocks is good old

there's an argument on wall street that will take a long time.cting like they are money managers and capital managers. what are you hearing from that group. >> i expect we will see significantly more drilling. we will see more pipelines, more terminals, more investment. there is a lot of enthusiasm both from the majors, but also from smaller independents. i have a lot of friends that are smaller independents. you look at texas. texas was basically built by guys who had fourth grade education and began drilling holes in the ground one after another became the richest man on earth. that spirit is alive and well in the great state of texas and white fully expect we will see major investments in expanding energy production. >> i've been watching land man every sunday night. >> it is awesome be back one of the greatest things. if you watch it, you get a real education in the business. >> billy bob thorton is spectacular and it. i think it is the best show on television right now, except for yours, of course, larry. [laughter] >> slightly different cat

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startup out of china called deep seek, the wall street journal reported the programmers nearly matchvals despite less advanced chips but the start of popularity suggest that washington export curbs are having difficulty blocking the advancements out of china. big check earnings out this week medical microsoft and tesla reported on wednesday "after the bell" followed by apple on thursday, your reaction to the selloff. >> the route is on this morning that is for sure let's remember the bigger backdrop in the 1600 a cultural revolution the effects were felt for 200 years then in 1800s with the industrial revolution also felt for a couple hundred years. during the middle of the technology revolution that started in 1980 give or take we are 45 years in for the rest of my investment lifetime we will have this big investment in technology and we will feel the effects for the next 40, 50 plus years indicate when you look at the moment time in china comes out competition now will only drive more spending. to that they could do it cheaper gotta find a better way when you look at what's going o

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deep creek causing deep concern on wall street. with the nasdaq seen opening more than 3% in the red as the chinese budget i model forces investors to reevaluate big tech's spending on ai. european equities are caught in the sell off with all majors in the red. chip makers and data center providers suffering the bulk of the pullback. german business sentiment rises more than expected in january, while ifo president clemens fu says it's paramount that berlin avoids a trade war with the united states. >> we need to talk to the new administration in the us and try to avoid a trade war and maybe even deepen trade relations. at the same time, i think it's very important to diversify trade relations. this is going on to some extent. >> thousands of palestinians return to their homes in the northern gaza strip as a fragile ceasefire holds, while us president trump proposes a clean out of the area, calling on egypt and jordan to take in 1.5 million people. welcome back. a fresh look at how we're moving on european equities this morning. th

the revenue forecast for 2025 was above what wall street was expecting.t interest income to be up modestly. reporting expenses should be slightly lower. yes. credit losses should be in line with 2024 levels. as a bonus, they expect revenue growth to continue. management announced a new $20 billion repurchase program. no wonder it popped. a buyback is huge. even for $150 billion company. it looks like the ceo is really turning this around. i have been guarded about citigroup as they did so poorly so wrong. i've been right. this stock is by far after this quarter the cheapest. if the company can keep delivering solid results, i think this has more upside. bank of america reported yesterday morning. a modest revenue beat and solid earnings beat. all four segments. the efficient ratio, a key measure of cost control was better than expected. worse than what we got from jp morgan. this is the second largest bank in terms of expense control. still, better than expected result is a better than expected result. i'm not going to quibble. looking forward, bank of am

wall street sphere index right now it's up 23%. that is a pretty hot move there is a lot of panic, the reaction comes as earnings season ramps up some of the companies in the sweet spot or maybe today bullseye of the story we cannot wait to hear the earnings call wednesday after meta and microsoft report they are among the heavyweight to a port tens of billions of dollars into developing a.i. apple is a little more insulated you can see apple is having a great day of 3.8% by the way earlier meta hit a record high i believe but right now it is flat, the iphone maker reports thursday. you know they will be asked questions about the deepseek development. it's a huge earnings week overall, tesla is on deck for wednesday, mastercard, the oil giants on friday. we will be all over this. it is not just a single window through which we look or which you should look at your portfolio than the january federal reserve kicks off with the interest-rate announcement on wednesday what on monday let's get to the floor show blackrock chief investmen

everyone on wall street is preparing. we talked about regulation. egulation. he said trump victory met anchors were dancing in the street. when it comes to fiscal spending, inflation rising and how to deal with the geopolitics and trade environment when it comes to the tit for tat with washington and beijing, that is where everyone's eyes will be peeled. jonathan: focused on three things. the numbers, the outlook, and succession planning a j.p. morgan. it's back and forth all over the any skull later. dani: maybe this is gamesmanship. if you are someone who wants to be the successor to jamie dimon, you need to say i don't want to be the successor. i just want to be his right-hand man. we have seen people who have been more vocal and wanting to be the next person have not lasted a j.p. morgan. i don't think we will get into the nuance of that. jonathan: jen ruling herself out? dani: there's a theory she is making herself the most likely candidate. jonathan: up across the board. j.p. morgan up by 2.6%. well for -- wells fargo by 2.4%. we will catch up

he is the best watcher on wall street or in washington for that matter.ith you, john carney. you heard him, february 1st, and i think particularly mexico if president sheinbaum, i think that's her name, if she thinks that's an idle threat, she'd better think again. that'd be my if guess. >> i think that's what donald trump is responding to, that mexico is not treating this seriously. neither is canada. they're more or less communicating that donald trump is buffing, they don't think -- bluffing so, therefore, they don't have to change their own policies. he's not even asking for that much. he's really asking for a return to the us quo -- status quo, the what existed the last time he was president. they should give that. if they want the test donald trump on it, i think they're going to find out that donald trump is not bluffing, that the tariffs will come. larry: indeed. dan clifton, how to do you read this story? >> well, i have a little bit of a different variation on it. as you remember, in november the president said he would put the tariffs on mexico

and now he's on literal wall street getting pats on the back from the richest people in the country. the only way trump's hypocrisy could be any more on the nose is if he started doing campaign events with actual fat cats. now, i just want to say i didn't love that joke, but i did it anyway because i wanted to see what the graphic looked like. and, you know, not bad. [ laughter ] chubby cat, top hat, and a cigar. that's fun. what's not to love? people ask me how we're going to get through the next four years. that's how, you know. [ light laughter ] in fact, we're selling a "late night" fat cat calendar for 2025 and you can buy it at the nbc store. [ light laughter ] it's not technically at the nbc store, but there's a guy outside the nbc store with a duffel bag whispering, "hey, hey, you like cats?" [ laughter ] so if you want the calendar, you know, he's your guy. trump's back slapping trip to wall street is not an aberration, and that's the frustrating thing about voters who both consider the democrats elites, which is fair, but who then also vote for this guy. it's like if my dad

now, of course, on wall street some say that's a contrarian indicator and not good.st called the election and was positioned for trump's victory last year, investment analyst hillary kramer. just your thoughts on, i don't know, i think it's important to be optimist ific in general. >> always. especially because in the long run the market does go up. and being pessimistic doesn't pay off. we know that. charles: last week you hit a bump in the road. i have some new subscribers, one sent a long e-mail. he's upset, you know, it's, like, you're going to lose money because the market goes up and down, and every time it hits concern it goes down or you listen to all these -- there are people who make a living day after day, year after year with these negative predictions that that never come true. so you can't be seduced by that, can you? >> no. but it is very seductive, that doomsday scenario. but there's so many optimism out there, and -- so much optimism, and and really it's about taxes, tax relief for small businesseses. it's just been crushing businesses. and now there

[laughter] this is all good stuff for wall street.ren: well, it's good stuff because it's the bad stuff. inflation remains stubborn. that 2. 9 increase is the highest annual increase since july. core inflation, that cakes out -- takes out the volatile food and energy prices, that did tick down to 3.2% in december, but that's not much comfort to middle class americans when, look at this, the cost of transportation up over 7% in the past year, shelter up nearly 5. the great reaction in the stock and bond market is because traders now think thed fed will cut rates this summer as opposed to to this fall. stuart: really? lauren: yes. stuart: i'll believe you. [laughter] let's hear it from kyle wool. he's going to cover the markets for us. look, investors clearly like what they see in the inflation report. is this rally all because of the the inflation report? >> >> it's all because of the inflation report, but i do agree with laura that they'll wait -- cut rates in the summer, not wait until the fall. the banks are doing tremendous. they'r

wall street may not believe in santa claus any more but they are grateful for one older gentleman.ump may not be in office but he is promising large gifts to the markets and the economy. he says he will support the crypto industry, appointing crypto—friendly regulators. he says he can cut prices for consumers, although it is not clear how and he also claims he will cut regulations. this promise of even better times ahead as help drive us markets higher at the end of 202a. but some of his other plans pose serious risks. if donald trump comes into office injanuary and imposes huge tariffs on imports to the us, then economies everywhere will face a big disruption and wall street might find a lump of coal in its stocking. traditionally, the german economy is seen as the powerhouse of europe. it is, after all, the largest economy in europe, but increasingly, it is the economic laggard. we haven't seen any economic growth for years and 2025 looks set to be another year of stagnation. that is mainly because of competition from china but also a lack of global demand, both globally, but als

big came executives bank of america, among others live in davos ceo dow jones publisher of "the wall streetou -- >> thank you so much for being here, wow. . what a new day a "newsweek" with president trump, having an idea a minute coming up with investments 6 hundred billion in america from the saudis 3500 billion in ai stargate project access the situation. >> first of all, there is enormous enthusiasm i have never seen anything like this, at davos or entire u.s. business community but, also, from the outside people looking on with awe, at the speed things are moving the size of the initiatives audacity, and some of the initiatives -- initiatives announced, that is a huge change from, we will see a huge reaction to that, from thank you you europeans they will be moved into action, they are pretty intimidated but invigorated, from our point of view amazing news more announced better, we can help explain situation in "the wall street journal" other dow jones products we love situation of change. maria: you make a good point i think now people are talking about so-called trump effect moving t

ironically, wall street sell-side analysts may be too optimistic.n they get to the red line, that means you should be selling. i don't know. i don't think our next guest agrees. let's bring in yardeni research president ed yardeni. ed, before we get into the markets, how they've limped into this year, i want to discuss what happened in 2024, because you're a student of the market. what are some of the lessons that we all a should have learned? >> stay invested. [laughter] charles: stay the course. >> stay the course. that's been really the case for a very long time. just look at a chart of the s&p 500 for decades, and the trend is definitely up. and those people who called the tops never tell you about getting back in at the bottoms. charles: what is that all about, like, this urgency, this need to always call the tops? we just see it all the time. >> i guess, you know, if you're the one and only person who calls the top, you get famous for a while, and then you overstay your welcome on the bearish side, and everybody kind of forgets about that. sto

the company projecting higher costs for the year, higher than wall street expected. unit cost will rise as much as 7% excluding fuel. the outlook is really a setback to their plans to turn things around. the company is working to cut non-fuel unit costs. that is an important gauge of efficiency, something that we will closely look at. lastly, general motors. shares are plunging 10%. the company posted a better-than-expected profit outlook but is a concern around terror threats and that weighed on stocks. the forecast doesn't account for the potential threats that trump is risking to enact, 25 percent on canada and mexico which are crucial to the automakers supply chain. gm shares are coming out strong, after rising more than 50% since the end of 2023 through monday. scarlet: great context on gm's recent performance. let's take a closer look at what we learn from the company. for that, we bring in our detroit bureau chief david welch. david, as isabel was telling us, investors do not like the forecast which assumes no policy changes, which raises the question, what is

, ,., , the lords of easy money on wall street. , , ., ., ., ., street.h — street. these visas are a go to for big tech for— street. these visas are a go to for big tech for hiring - for big tech for hiring specialised foreign talent like programmers, engineers, scientists whose salaries are often lower film firm to 24%. it service film firm say they are ready if these visas are harder to come by and moreover their big tech clients may have more influence now. while donald trump has vowed to deport all illegal immigrants, lately it seems more receptive to reforming legal roots like hi-b. the us to reforming legal roots like h1—b. the us tech sector argues that the country needs more skilled foreigners to remain globally competitive. for the incoming president, however, it is now going to be a test to balance economic and political interest of a diverse support base. she has a nintendo have fallen by 6% injapan following the announcement of its latest video game console, the switch two. it will have a bigger screen compared to its predecessor and some game

"the wall street journal" is reporting conversations.ance has denied that as they should deny that. that would probably be the most likely outcome for all of these wonderful factors that are in play. i think there is something that goes around this relationship with zuckerberg and trump and how that has been moving forward. as you can play through the calculus of this, as zuckerberg gets closer to trump, you could build an argument that bodes well for tiktok to be banned. it also could open a window for what would be a big surprise here which should be for meta to acquire the company. google from what they are doing in reels and youtube and other players that orbit that universe that aren't on the top list. i could potentially see telco participate in something like this, too. i think there are buyers out there for this. i think there is an incredible sticky product they have. i think those are probably the top two or three that i would expect. >> all right. let's see what will happen. no doubt it is a fascinating one to monitor. thank y

we will see if we get a clear sweep on wall street.on the s&p, the nasdaq 100 up by .30%, and yesterday on the s&p 500, on the nasdaq and russell, the biggest one-day gain going back to the postelection bump november six. here's the bond market picture, on a 10 year treasury yields, yields are up by two pieces points. a little later this morning, we get data. jobless claims and retail sales. the treasury secretary will ask scott bessent big questions about what he will do with the treasury market. dani: it will be very crucial because he has been very critical, along with the likes of others that janet yellen did not turn out the debt and it has been concentrated on t-bills. so they are showing the ability to issue more longer-term debt, but how does he struck the balance and can he issue longer-term debt and keep yields at the ceiling? annmarie: and how does he handle the debt ceiling? this is a massive fight on capitol hill, and it should have been dealt with in 2024. it was not. this will be a fight, and they will ask him, do you th