apple, apple, apple annual law suits are against apple in 2 countries. why are you focusing only on apple? are you picking on apple? because they all buy value of the world's largest company. oh, do you believe that they are the only one that you would like just responsible for this? apple, in their literature, are probably the only tech company that speaks to human rights. the way that they do, and i think when a company presents itself as close to god as, as believing and sustainability is placing the environment upper most in their minds, then they should be the 1st to have to address their behavior and be held accountable . and they, they require accountability and what they just admitted today, it is a statement that will rock the rest of the tech industry a robot. i'm. is it apples g, t to know what the supplies are being doing? what has they be bought? if they have been misled my good cause. oh absolutely. let's be really clear. you're a 4 trillion dollar company and you were obtaining resources from a war zone. your door, right? it's your duty. f

tim: apple park. david: apple park.: the fabulous thing about it is that it's built for collaboration. steve had the vision that the workplace should be very important and facilitate people working together. and if you think about, many business leaders never looked about the workplace like that. they looked at the workplace as a place that you tried to get the cheapest space you could find, you know, and i think steve learned a lot from his pixar work about the value of having these common areas that people could work together and run into each other without planning on doing it, and that the level of ideas and creativity and innovation that would come out of that would be phenomenal, and we're seeing that. the other thing that i'm-- that i personally had no clue was going to be the case is i had such high expectations of moving in there, and i have to tell you it's exceeded all of them by a large amount. the thing that for me that was the most surprising is the company feels like a small company in that building, and

and apple knows that. and if you want to, can mention the facts that we mentioned, the complaints, but we have pretty, pretty sure that we have all the evidence. we need to bring apple to a criminal trial and built to tell us more though about the end goal here. so what exactly do you want to achieve from ad from this case? would you like to see an end to these products being used at not just in, at the or say, but in other countries on, for these allow us to be sort of at it and basically followed what i seem to go. i'm presenting the states of google, so the goal of the republic is to show to the consumers. that's the don't do the project. they're having to hands is contaminated by international crimes. and to show the world of the international community, which doesn't really care what's, what's happening and keep or seen such yeah. as was 1000000 of the that the situation has to come to an end. and that this conflict is mainly driven by this industry of those minerals, and that's what the view is she w

apple upgrades in fiscal 2025. that would be a big win for apple.very much. >>> coming up on "worldwide exchange," citi is out with the wealth outlook for 2025. the firm sees opportunity for your money and the market in the coming year. >>> if you miss "worldwide exchange" check us out oapn ple or spotify or other podcast apps. more "worldwide exchange" coming up after this. were you worried the wedding would be too much? nahhhh... (inner monologue) another destination wedding?? why can't they use my backyard!! with empower, we get all of our financial questions answered. so we don't have to worry. empower. what's next. >>> welcome back to "worldwide exchange." as we close in on the 6:00 a.m. hour, here are the stories we are tracking. president-elect trump tapped stephen miran as the council of economic advisors head had. >>> and starbucks expanding the strike to four more cities. the walkout started in chicago and seattle after contract talks stalled over wages and scheduling. >>> palantir and anduril industries are looking to join forces. other g

for a brand as iconic as apple -- >> apple shares closing at a new high as its market cap closes in$4 trillion. >> reporter: a new milestone looms that would once again smash expectations of what's possible. the cupertino company started in 1976 by two friends both named steve is now on the verge of the $4 trillion market cap threshold, a first for a publicly traded company. >> today apple became the first u.s. public company valued at a trillion dollars. >> reporter: and a meteoric leap considering apple touched a trillion dollars just a little more than six years ago. now sitting a half trillion dollars ahead of the world's second most valuable company, chip maker nvidia. >> one more thing. >> reporter: though its epic product releases have been part of the cultural zeitgeist for years. >> you want a t-rex onon a surfboard? you've got a t-rex on a surfboard. >> reporter: it's the company's recent splash into ai and apple intelligence which analysts believe will supercycle more iphone upgrades and a second foray into the smart home appliance market. >> reports now say, though, appl

apple, continued to have a good november and into december, we see where on the back of the report apples looking to be creating its own ai server chips designed especially for artificial intelligence and is working with broadcom. this is in so much more in a moment. the geopolitics after that yellen interview. anna rathbun is with us. we have a risk on field. we see nvidia on the upside, apple in the green, alphabet on a tear. is this where we should be trading it? >> there is a lot of excitement. ai has transformed that. the trouble with china come nvidia have is to be in the cross not about nvidia or even the u.s., it is all about china. when i say that ai has transformed, we are talking about apple and broadcom, amazon also designing its own ships. there's a lot to be excited about. the excitement about ai is no longer a dream as it had been in 2023. going into 2025, we have more to look forward to. caroline: when you've got record highs on the likes of google come alphabet, can you be juicing these stocks any further? >> some of this is about the tech names. some of it is about rela

would you rather, would you rather apple or broadcom? >> i'll take apple overbroad com.till think that what steve talked about, the street is looking for 3% iphone growth, down from 5% a couple months ago. so analyst expectations have been declining. i think that is a layup that they beat that 3%. if they do, i think apple stock goes higher. >> thank you very much. have a good weekend, gentleman? and share of fedex remain on pace to close out 2024 with double-digit gain. and can investors expect the stock to deliver in '25. we'll explore that one with our market navigator, next. our latest deepwater development, anchor, produces previously inaccessible oil and natural gas, allowing us to deliver the energy we all need today so everyone can follow their own road. that's energy in progress. >>> welcome back to "power lunch," everybody. a quick check on the markets. the industrials down by a little bit. about one-tenth of 1%. and the s&p 500 is basically flat as you see there. nasdaq composite up about one-tenth of 1% up 23 points. fedex has taken investors on quite a ride

so it goes back to apple intelligence and ai.s what consumers are looking for. 70% of them can't necessarily get it yet. more of those advanced features are to come. we still think more of the ai driven upgrades are in the future as opposed to during the holiday period. >> let me throw something out that that might sound wrong if not crazy to think. the stock is up nearly 9% in a month. oh, just about a month ago, donald trump was re-elected. going to have trump 2.0. some has been made of how tim cook maybe more so and if not better than some of the other tech ceos has made it a point to develop a relationship and a good working relationship with the president the first time around. apple has had some regulatory headwinds under the current administration. more may be in the offing, who knows. do you think any part of that stock's move since the election is because of a perceived good relationship between mr. cook, mr. trump, and what his administration might mean for apple from a regulatory standpoint? >> i think there's a small

citi analysts named apple one of the top picks for 2025 and talked about apple intelligence launching in europe and possibly china as growth drivers for the iphone next year. here is eric woodring on your show yesterday. >> the other factor i think is still related to this ai upgrade cycle and investors gaining conviction or wanting to gain conviction in the upgrade cycle next year. i don't perceive that to be a fiscal year '25 catalyst from a numbers perspective, but historically when you look back apple typically starts to outperform six to nine months ahead of a product cycle. >> and finally, scott, another point that erik made yesterday that the whole market is basically melting up and apple is going along for the ride with so many other mega caps. reminder how apple started the year, scott, it was the underperformer of all of its peers down for the year for months until it finally revealed that apple intelligence back in june at wwdc, scott. >> the chart tells the story from when we were sitting there together, steve into yeah. >> that was the moment, the catalyst, if you will. n

that would be apple hitting the 43 mark. apple $264.63.far away. >> i wonder if apple a.i. on your phone would know that. >> i wonder. we can play with it later. >> that was a cue. i want to test it. >> i don't use it. i don't use the apple intelligence yet. >> all right. so let's move on. $264.63 is the $4 trillion note. >> correct. >> you never know. apple has been on a heck of a run. let's switch gears. call it a christmas miracle. netflix's big bet on the nfl appears to have paid out. they will air its first two nfl games, all part of a three-year deal. more relevantly, it marks netflix's first move into football and a shift into live sports. let's be honest, the weird and glitchy jake paul/mike tyson fight earlier this year. i don't know if you watched it. we watched it off and on. cbs actually produced it. we'll see if this $150 million for two games ultimately pays off for netflix. >> they did it big, the beyonce concert was like a super bowl halftime show with all the people that joined her, and it was quite a spectacle. and they d

how important is this for apple users and by extension, apple shareholders?penai, dom. the launch could come today. that's chatgpt coming to the iphone. it is integrated into the software. this was announced in june at the worldwide developers conference. since then, a lot has happened in the openai space. openai is a $157 billion company after the fund raise. it has been shedding top executives and cofounders. mira murati and others over the last few months on the screen now. it is facing new legal threats including from elon musk whose rival xa.i. is suing the company saying it abandoned the not-for-profit mission as it transitions to for profit. bloomberg reports that apple is not paying openai for the partnership. openai can still benefit. it means openai is getting exposure to tens of millions of iphone users integrated into the software. when more people get apple intelligence on the phones, that is going to be over 1 billion users. this helps grow the product amid the compute power. it is still not making any profits. sam altman said there are 300 mill

the lights of amazon and apple move on.ow you a two-day chart to emphasize the dramatic nature of this move. the forecast did not live up to expectations. they delivered an 84% jump in revenue but the forward-looking guidance will not be made up enough by the ai exuberance. micron really feeling the pain today. we want to go into the story that is tiktok. today marks one month until a possible ban in the u.s. with the supreme court expecting to hear tiktok's challenge, the social media app has a glimmer of hope. a big viewership on this story. and the big twist. >> i think a lot of people are looking at this as a huge game changer in the 11th hour. we need to caution that this could very well be the supreme court doing what the supreme court has always set out to do. we need to remember this is the first time if the ban goes through that it will be the first time a social media app has ever been banned in this country. wanting to really set the record straight before a shutdown happens and before the administration changes.

. >> julie, where are you on apple? >> well, you know, as the official slow moving sloth of the "fast money" desk, for me, i've owned this name for 12 years. and for 12 years, i have had to tell myself not to sell this thing, right? there have been so many times where the valuation gets well out ahead of its, you know, fundamentals, and you see that in the periods over the long-term. the problem with this is always the same, which is, the idea that you're going to be able to get out and time it just right so that when you have one of these downdrafts, you're going to get back in. for long-term guys, it makes sense. the thing about a.i. -- with apple that i really like when it comes to a.i., i think of all the brands and technology, this one has the most trust. and i think when a.i. starts to get very useful is when we will have the most level of trust to feel confident that it's not going to mess with us, have incorrect data or be problematic for privacy. and i think this is the best positioned consumer company to do th

thank you to apple. that does it for "closing bell.">> sad holdings limited doing the honors at the nasdaq. stocks ending the day amid thin trading this oliday week as investors debate the fate of the santa claus rally. 5 of 11 ending higher with tech leading the way, and utilities and energy lagging. that is the scorecard on wall

apple up in the pre market. up 33%. you are seeing big upside moves with apple. palantir shares are climbing. the best performing stock in the s&p 500 this year. it got added to the indivisible well. pulling back .75% of 1%. we are checking the bond market. take a look. the benchmark at 4.59. since the cut, moving basis points. more on the pressure that treasuries are -- excuse me, yields on treasuries coming up in a moment. also checking oil prices this morning. take a look. outline oil prices up .50%. bitcoin hovering around the $95,000. lower year to date. you see bitcoin moving up over 1% right now. trading below $94,000. month to date, it has fallen 3%. >>> over seas and a mixed session. shanghai and hang sending moving up. the hang g up 1%. shanghai moving 1.25% higher. we turn to the trade in europe this morning. the dax, remember, germany is the biggest economy in europe, pulling back. the cac and ftse up .50%. the mib is flat right now. >>> that is the money set up. let's get to the top stories with silvana henao. silvana, good morning. >> good morning.

>> i would not want to short apple.le ever created and we think it's a buy here and certainly a buy on any dips that come. they're just beginning this ai refresh cycle. it's across all the devices. we think this is the first time they're going to have some pretty good multiyear revenue growth at a time when, yes, the stock is at all-time highs, yes 30 times earnings, but you would expect a great business that's a leader in a really important category to be, you know, up a little more expensive than the market because they're a solid business with solid operating metrics beginning a multiyear growth cycle. >> next up we have target. the stock one of the best performing retailers today but shares down 13% over the past three months. what do you do with that one? >> well, i think, you know, you could hold target here if you own it. you know, inflation has been difficult for target. they were the losers when costco, walmart and amazon were the winners. at 14 times earnings they need discretionary spending to come back a lit

unstoppable apple. shares just keep going up, despite lackluster iphone sales, less than stellar reviews for its a.i. offering and continuing concerns about china. what is behind this record run, and what does it say about the market we are in? >>> plus, trump's crypto boast. he wants the u.s. to be the leader in the digital currency space. how his administration's embrace will impact bitcoin and beyond. >>> breaking down servicetitan's big first day as a public company. and giddy up. why horse racing could be ready to rebound after decades on the decline. i'm melissa lee, coming to you live from studio b at the nasdaq. on the desk tonight -- karen finerman, dan nathan, and guy adammy. >> just three? >> yeah, pressure's on. we start with the latest record close on apple. shares up 10% in just the last month, and a whopping 51% from april lows. the stock closing with a market cap just a stone's throw away from $4 trillion. that is more than the entire gdp of the united kingdom. this year's rally coming e

that includes shares of apple.ow on $4 trillion, that is with a "t" folks. >>> netflix featured debut with a star studded performance by beyonce and a smooth streaming experience for customers. some complaints about the mariah carey situation. we can talk about that later. it's thursday, december 26th. boxing day, 2024. "squawk box" starts right now. ♪ >>> good morning. welcome to "squawk box" here on cnbc. we are live from the nasdaq market site in times square. merry christmas. hanukkah. i'm andrew ross sorkin along with melissa lee. becky and joe are off. did you have a good holiday? >> i had an excellent christmas. >> presents you want to share? no, no good ones? >> for the children. lego sets galore. >> nothing that you got that you are very pleased with? no returns? >> while get into in a bit. >> it's

but normally i eight apple here. but normally isee _ eight apple here.le here. but normally i see them a little _ eight apple here. but normally i see them a little spread - eight apple here. but normally i see them a little spread out. i i see them a little spread out. the low— i see them a little spread out. the low flying _ i see them a little spread out. the low flying objects - i see them a little spread out. the low flying objects are - the low flying objects are often reported to be flying very close to each other. on thursday, the white house said the sightings were probably unmanned aircraft or helicopters. and said they are confident there is no risk to the public. confident there is no risk to the public— confident there is no risk to the ublic. ~ ., ., . the public. we have no evidence at this time _ the public. we have no evidence at this time that _ the public. we have no evidence at this time that the _ the public. we have no evidence at this time that the drone - at this time that the drone sightings pose a risk to national security or a p

: even for a brand as iconic as apple. >> apple shares closing at a new high as its market cap closes in on $4 trillion. >> reporter: a new milestone smash expectations of what's possible. the cupertino company started in 1976 by two friends, both named steve, is now on the verge of the $4 trillion market cap threshold, a first for a publicly-traded company. >> today apple became the first u.s. public company valued at a trillion dollars. >> reporter: and a meteoric leap, considering it touched a trillion dollars just a little over six years ago. now sitting ahead of nvidia. though its epic product releases have been part of the cultural zeitgeist. it's been the splash into a.i. and apple intelligence which analysts believe will super cycle more iphone upgrades and a second foray into the home appliance market. >> reports say apple's going to take another crack at the space. >> reporter: that could challenge amazon and nest on everything from doorbells to security cams. even though not every apple product has been a home run, its ability to adapt and grow continues to defy expectation

you could argue duopoly and cell phone manufacturing and between apple and microsoft -- i'm sorry, apples market power. but how much could you keep paying for that. and the other issue is, if the base under -- the foundation on which the market rests keep getting hollowed out a bit, at some point it sort of topples over and if people start to leave the market in any sort of way because they lose faith in stocks, that becomes very tricky when you've gotten so top heavy. in the short-term, yes, they are money-making machines. >> i thought it was -- that you weren't impressed with broadcom results. because, look, they were pro forma and this is not -- it is a reminder that we could get carried away with the excitement that is warranted over how much better they're doing this year versus last year. >> i wish i could go through life with pro forma earnings and ignore any expenses that arin convenient or a bad story. this is about 50 cents a share on an ongoing basis. yes, they make a lot of money and their guidance was extraordinary, if they could meet it out to 2027, god bless them. but this

so you have one apple you want to make apple slices? mary, how can we do that with dreamfarm? >> for apple it makes it super easy. not only is our apple slicer compact for easy storage, it has a built in cutting board. simply place your apple in the center and then get to slicing and it completely covers your apple easily. just like that. >> wow. >> yes, i actually did think of you around thanksgiving time making the apple pie. like, oh, could have just had a thing that would have been good. >> absolutely. it works great. >> i will dig. always so much fun seeing you and i look forward to another year full of great giz wiz ideas from you. >> i'll be h call (800) 511-6319 today. >> this morning we've been talking about the life and legacy of america's 39th president. jimmy carter has passed away at the age of 100, and while he achieved the presidency, he considered his 77 year marriage another one of his notable successes. >> abc's steve osunsami sat down with the carters for their 75th wedding anniversary. >> president carter, you say often that marrying mrs. carter was the pin

>> apple all the way. you're an apple girl. i'm on with drew on this one. we've got two apple girls in the house. all right. okay, well, i'll see you. >> we'll enjoy whatever. >> okay. my husband will be really excited. oh, good. because we are a house divided. yeah. so he's going to be pumped. >> you are. you two are making some choices. all right. ginger, what is happening on gma today? >> i'm here to tell you it can work if you've got that division in your household. reggie aqui. amanda. wonderful to be with all of you coming up here on gma on a wednesday. we start with the father of jonbenet ramsey sitting down with abc news. we'll tell you what he's saying about the investigation into his daughter's death after reported progress by investigators and then some breaking news about the popular injectable weight loss drugs. how two of the medicines approved to treat obesity compared in a new study. one of them came out on top, and we are revealing our gma holiday card. it's inspired by a viral tiktok trend and we did our best. and then mindy kaling also li

apple intelligence is a zero. seriously. >> i agree the refresh is slow to happen, it's going to happen. going to happen anyway largely. what the analysts are also saying is we are in the broadening of the ai trade and the ai trade, which is now into software, i think apple is perfectly positioned, whether it is apple intelligence or not. they are the use case. there certainly will be to follow through. that is part of what the market is rewarding and i don't think the market that moved from 185 to break through the two-year resistance, i don't think that was on a refresh. >> what if i said to you, though, that apple would not have an ai product at all in china because all china has to do is say you will not have a partner for ai because apple needs that local chinese partner for ai. if there is no ai, what drives the upgrade cycle in china? nothing. >> the whole story in china is bob pisani and they are working on their unkept abilities that will be on the edge. we have no reason to believe their phones won't be

let's pivot to apple.w high, getting closer to $4 trillion in market cap, was like 3.8 going to hit it by the end of the year, but i fell like i come on about every day now this month saying there's a new intraday high for apple even though there's not a ton of news driving apple stock. we fri dan ives on iphone sales getting a lift from artificial intelligence, but we won't know how well that thesis is playing out until next year when we get apple's report for the december earnings wrapping up here in a few weeks and then this report from yesterday morning, a facia recognition doorbell in the works over at apple. by the way that's not the only smart home gismo going on over there. international securities said in the fall apple is working on a connected security camera for the home.serious apple is about those products but more important there, is apple is expected a new push into the smart home as soon as this spring. apple has been playing in that space almost six years now. bloomberg reporting apple is

china, because we are sitting here and apple is at an all-time high. i don't is going away, but the market doesn't seem to care. facebook doesn't have that problem. amongst the us essential for facebook, i have never been convinced that tiktok is one of them. the economy is slowing down and obviously so much of their businesses are relying upon small and medium-sized business, which is the lifeblood of the economy. if the economy is slow, facebook would have a hit. tiktok is a nuisance, but not existential risk. >> we have a newsletter where the company says they received extension given until february 25th to file its 10k annual report for the fiscal ending your last june. 2% after hours, but it has risen substantially since the reports initially and entering this one with questions about accounting and really admired in this, but we are watching it. >> you brought this up on the call. you always bring up good points, as well. when we got to about $42.5 or so, it always got back to the entire move from the downdraft from 48. here we are approaching th

she left with two apples. woman at the counter said that was so sad. >> michael: yeah, yeah. you know, never in america should an old woman be forced to return an apple to the refrigerator at the grocery store where they always keep the apples. now that poor old woman can't afford her three-apple lunch. she could only buy two apples, and, if she's like anything like the old women i see at the grocery store, also her carton of cigarettes and scratch-off tickets. by the way, that old woman's name? granny smith. really makes you think. [laughter and applause] seriously, that was the worst story i've ever heard. that's like when my daughter is refusing to go to bed and she asks me to make up a story. "oh, yeah, once there was an old woman. she tried to buy 3 apples, but then she ended up only buying 2. okay, goodnight sweetie, daddy has to go watch shogun. good night." let's move on to another story that's been gathering steam for a few days, and the big question on everybody's mind. >> what is going on in new jer

so apple will negotiate directly with the d. c. that's going to be the democratic people, of course, with the democratic republic of congo, who get why would you want to negotiate with a come and see who's doing business on the backs of debt congolese you saw your telephone to have in your countries contained the blood of the congo least get a phone call was as easy, novel be content. another song big one more day and it's not just in the d r. c. nigeria has huge mineral deposits of key elements like 10. but it also faces the challenge of the unregulated extraction of minerals. the sector is also widely known to employ children who often work in hazardous conditions. the www studio legal scott exclusive are access to autism. all mining operations in jobs in northern nigeria, corresponded okay. oh mary, i filed this report number that you'd be this used to be from. but no, it looks like it. most of the workers tear up the soil and looking for it. it's just beneath the surface at this phone regularly ted much. we're here with the per

that would hit apple the hardest.t products apple including a majority of i-phones are made in china. how cook managed to dodge tariffs in the first term? we developed a cozy relationship with trump. his peers took more antagoonistic. cook showed trump a new line of mac computers. trump got to show people apple making things in the united states and then they got relief from tariffs on imports from chain a trump said cook came and ate with him a few weeks ago. no mention on what it means as far as tariffs go. watch out for announcements about job creation or manufacturing. that could be what apple offers in terms of getting tariffs relief. next china. still a lot of competition but beyond that apple needs to get the government to improve apple intelligence to launch on i- phones in that country. i asked tim cook about this on this last earnings report off one of his recent trips to china. we know talks keep going on. and will partner with another company. >> it occurs to me that the tariffs threats aren't threatening

but apple, this apple intelligence is revolutionizing things. what they do consistent with apple.eady rollout. they are going to integrate it. when you say ai, you say artificial intelligence. in two years, we may be calling it apple intelligence. they did it with the phone. they did it with music when they took over music. they do it with my ear buds when i talk on the phone. now, the integrations are going to be unbelievable. >> i do want to point this out. he says there are 300 million iphones that need to be upgraded right now. is apple intelligence going to be the catalyst to get those upgraded? i have a fairly new phone. i'm not going to upgrade it. >> it's going to be the key factor. it won't be the driving factor. the battery life has gotten better. now it's about every three years. once these enhancements come. people don't have it in their lives that will need it. to me, it will be a key factor. it won't be the only factor, and if dan likes it, then i like it, too. >> important to note, apple trailing the rest of the mag 7, the bas coat since the apple intelligence event

you cover it more closely than i do, but 70% lower, less apple -- fewer apple shares than they owned.> yeah. and they've been in a real good spot in terms of what the market wants all year. loved insurance. it certainly loves quality, right? and so just a quality balance sheet. that's been a big factor that's been driving things. and for a lot of the year, the market liked kind of a broad play on the u.s. economy. cyclical stuff, housing related is a big chunk of berkshire. a lot of that's starting to wear around the edges, because it's not necessarily -- home builders have been really weak. i think you've had some giveback in berkshire. but in terms of what it's setting up the company for down the road, on to the eventual new regime, in terms of having all of this cash, whether it is a big special dividend or a blockbuster investment, very unclear. but it does preserve a ton of flexibility. >> occidental is the question here. >> when was the last time they bought an outright asset, a controlling position? >> geez, i would have to -- they bought this big truck stop private company. th

refrigerator and came back to pay for the two apples and left with two apples and the woman at the counter said that is so sad and i said that should never happen in america. we are going to do it right and take care of our people and do things that nobody ever thought was possible. we are going to have the economy the likes of which nobody has seen before. i saw it the other, they are saying we want to come back and with a couple of changes done by howard and scott, we are going to bring it all back. so thank you very much. this is a great honor and ringing the bell will be fantastic. we are with you all the way. thank you. [applause] [captions copyright national cable satellite corp. 2024] captioning performed by the national captioning institute, which is responsible for its caption content and accuracy. visit ncicap.org. >> white house briefing watch live at 1:30 on c-span and c-spannow or online at c-span. org. secretary of state anthony blinken spoke to reporters after meeting with officials in jordan following assad's collapse and he said u.s. and jordanian officials will work toget

apple at a new high.al estate, consumer staples sort of lagging, this has been the story for the entire month of december. we'll have the santa claus, it starts today, whether we had it or not, the tendency to move up in the last five days and the first two days of the new year the afternoon gain is 1.3%. the problem i have with the santa claus rally this is fine in a normal year and this isn't a normal year, the interesting thing about the incoming trump administration it represents both tailwinds and headwinds for the stock market. in theory there is a great handoff for 2025. great earnings, rising earnings expectations for 2025. the fed is easing. hopes for deregulation. at the same time, we're getting the return of the bond vigilan vigilantes, they're worried about pockets of inflation and tariffs and tax cuts. overlaying some of the concerns that we have that are sort of negating some of the strong tailwinds. we were talking earlier on the show about what we should do with all of the big tech winners

. >>> apple is dialing up big changes for future iphones. the new devices expected to join the fold. >>> and the packers pummel the seahawks on sunday night football, while the bills and lions give us what could be a super bowl preview. we've got the highlights on this monday, december 16th. "early today" starts right now. >>> good morning. i'm frances rivera. there are growing calls for action across the northeast about this mysterious drone sightings. new york's governor saying this has gone too far after the new york stewart international airport was forced to shut down its runways briefly because of drone activity. nbc's brie jackson joins me now. good morning, brie. governor hochul is one of many lawmakers calling for federal help. >> reporter: good morning, frances. that's right. governor hochul says federal partners are sending a drone detection system to new york. she did not give specifics about the system, but new york senator chuck schumer asked for what's known as a robin radar system, which can provide 360 coverage in 3d and can

there's this macro story around apple. we are learning that apple doesn't necessarily have to go out there and buy billions of dollars worth of nvidia chips and build data centers like we see microsoft and eta doing. it's able to pull this off without putting in such a huge stment right up front. of course, you cannot ignore the trump factor. shares are up 11% since election day. trump said he spoke with tim cook before election day. there's a sense of optimism that tim cook can pull off a repeat with the president-elect and dodge tariffs like he did in trump's first term. shares there down just a hair here. well on their way to 4 trillion. >> cook doesn't need to take a number outside the gate at mar-a-lago like many of the others are doing, because he already had managed to develop some level of working professional -- whatever you want to characterize it, relationship with mr. trump. >> yeah. we saw so much of that during trump's first time just before and right after his inauguration. we saw hang wringing from tim cook

apple denies the accusations, the company said it has found no reasonable basis to conclude that any of the 3 team, minerals, and its supply chain financed a benefit to groups in the region, minerals from the d. c, a critical to producing the world smartphones and many of the electronic devices. in fact, it is the main source for natural resources needed for global technological advancement . the dns sees many road which great lakes region has been played by violence since the 1990s. tensions re merged in late 2020, when, when the rebels were known as m. 23 began recapturing sways of the territory. the d . s. c. the u. n. and weston countries accuse run though supporting rebel groups including m. 23 and a bid to control the region, spice, mineral resources for one to denies these allegations of the president of the d. r . c for the extra security was in berlin and spoke exclusively to dw about why his country is threatening legal action against apple. say, mean of a is the most serious thing, is that these minerals are extracted from the congolese subsoil at the price of blood on the

so what happened is in apple's new apple intelligence, is their new a.i. feature on the newer iphones and newer operating system. it can send push alerts that are summaries of some of the news. but the issue here is that it was pushing incorrect headlines, but making it seem as though it was coming directly from the news outlets themselves. we know of at least two cases in the last month or so. last week, there was a case where it was pushing something, making it seem as though it was coming from the bbc saying luigi mangione shoots himself. there was another case last month that a propublica reporter recently highlighted that made it seem as though the new york times was reporting that netanyahu, benjamin netanyahu, the prime minister of israel, had been arrested. now, in these cases, it seems as though the a.i. may have been conflating several stories or potentially misreading the stories. in the case of the israeli prime minister, an arrest warrant had been issued for him by the international criminal court, but he himself has not been arrested. now, th

clearly apple's exposed.can businesses. so, i think apple does have some legs to stand on that if you tariff us as an american company, you may create advantages for samsung, a korean company. so, i do think that apple has and likely will continue to underscore the importance of the company and the fact that it is an american company with a lot of jobs in the united states. >> the -- the new phones they have a.i. we were told don't expect much. the stock is still continuing to hit new highs even though, you know, it is kind of a bridge to where it really becomes an important feature for the phones. are we almost there now? >> i don't know if we're almost there. i think -- but i think investors see a path. so, i think the bull case for the next year going forward is, you know, apple is expected to do $7.50 this year fiscal 2025 which they're now in. fiscal '26 starts in the fall of next year. i think apple could have a very strong iphone cycle. you will have better a.i. capabilities. you will have a thinner ip

apple had a new time high. awaited chatgpt integration with cereal and also reports of their first server chip design for a.i. also, watching shares of kroger and albertsons. albertson's terminating the merger after a judge sided with the ftc to block the deal. much more on the fallout and what comes next with those stocks later in the show. shares of hershey and mondelez going in opposite directions as they are looking at -- we have more on that after mondelez makes a decision with cash is ending its shares higher and hershey lore. first, the story of the day, inflation. there is good news and there is bad news. overall, the headline number comes in in line and the market is taking that as good news. no big surprises. here is the point we saw in november. it was higher than the month before, but importantly, it was also consensus. again, no surprise on that. the bad news is the year-over- year number accelerates. 2.7% inflation from 2.6% inflation. also bad news. core cpi, food and energy prices, 0.3%. that wa

chatgpt, this is a big milestone for apple and openai, but the most important apple intelligence featuresat includes more upgrades to siri, and the big one, this is one. control your third party apps with apple intelligence. we haven't gotten a whiff of what that looks like. >> i agreed to the software update, what may chatgpt picking up from me? you get warnings that what? all my information is going to you? >> i forget the exact language. it says effectively you're leaving apple. we can't guarantee your privacy, and it doesn't say microsoft, but it is running on microsoft's mostly on azure cloud. >> if i don't want to do that, i say, i don't have to. >> you can switch it off. you don't have to use it and you don't have to be logged into chatgpt. if you paid for that right now, that $20 a month plan, you can sign in or get it or get paid through iphone or get it now. that's huge -- >> but the free version means i'm giving access? >> you're giving access to microsoft and openai or the chatgpt app on your phone now. it's similar what you're giving access to. it's not -- it's not -- apple i