the water is half a meter high in the heart of the town of baird, but as slowly receding. the fire department makes regular checks, but their efforts are being hampered as if i guess it was a huge challenge yesterday. i'd say we had a lot of flood tours here who really hindered the emergency services obviously. and that's why we close the streets here in the town center in the early hours of the morning and stuff, but i invited mucous pads after days of flooding, relief and hot drinks are more than welcome to resume the further west and lower sacks. to me, the situation is tens. what stable the rain is gone for now, but the devastation could leave a lasting mark. 2023 was a busy year in sports with well cups and football rugby and basketball among others, and some big stories to boot. the tribes upsets and farewells. here's a look back at some of the events the made the headlines. i just said he finds out some things and sports feeling nervous about like know, event joke of h. when in grand slam titles, he became the most successful may apply or in tennis history. with 3 m

esqlan sdirot, neti fut, baird and raim military base were the targets of hamas attacks. according to the media of the zionist regime , one soldier was killed and nine wounded in response to hamas's resistance to the new round of attacks. hamas said that it targeted the enemy's gathering center in the northwest of gaza with rajon and khonpareh missile systems a tank was also destroyed by hamas in the north of gaza city. zionist media announced that more than 12 loud explosions were heard in tel aviv. these media also reported that 3 people were wounded in a rocket attack on the center of the occupied territories . the quds brigades, the military branch of the islamic jihad movement, also announced that it shot down an escalar lark drone belonging to the zionist regime in the sky of the central gaza region. islamic jihad has also reported targeting the cities of nigrim, nahelnovuz and ulomim with rockets. on the other hand, the media of the zionist regime from missile attacks hezbollah announced with anti-armor missiles to al-minar area and on the border of lebanon with oc

baird and i are pleased to offer the d.o.e. and n.s.f. interagency act to the house floor, a bill that has passed through the science committee. the department of energy and the national science foundation represents some of our nation's most cutting edge research activities as has been shared by our committee leadership supporting legislation required to solve our most pressing issues and remain competitive on the world stage and the d.o.e. and n.s.f. employees in particular who are not necessarily two buildings next to each other but in a similar geographic area but do not share building space, the employees are world renowned scientific minds. pushing on the door of what we think is possible. and making science fiction a reality every single day. and we encourage and implore their activities to proliferate and manifest and continue to come together particularly on the heels of the chips and science act, a bill that many of us including myself on the science committee helped to author and pass into law just a little over a year ago. and

this is one example and baird is the underlying mutual fund. there is 5 basis points of revenue share, so ultimately the expense ratio is 30, but baird only keeps 25, the 5 extra basis points goes back to the plan for plan expenses. >> [indiscernible] >> we are working with voya to explore sending that back to the participants. at this stage it just stays with the plan. >> thank you. >> the net fee is really the at the end of the day, the fee we are focused on. again, you can see a very strong comparison to the peer group. i'll turn your attention and lastly, there is no outliers and already documented the fee decrease from the target date-switching target date managers. i was going to skip over the detail and move to the punchline on slide 4. we identified 3 funds with a identical vehicle that is lower cost. investment strategy, investment team are identical. it is just a new access to the plan for a lower fee option. the fidelity low price, the current assets is mutual fund, the net fee is 74 basis points. there is a cit available now at 48 b

we'll be right back. >> announcer: this cnbc program is sponsored by baird.fference.com. the first time you connected your godaddy website and your store was also the first time you realized... well, we can do anything. cheesecake cookies? the chookie! manage all your sales from one place with a partner that always puts you first. (we did it) start today at godaddy.com >>> we told you yesterday about cvs's plan to change the price of prescription drugs. it's moving away from complex formulas and moving toward a sim administrator model based on the price cvs actually pays for the drugs. they said in a statement pharma benefit managers games the system. to pay lip service to the policy makers, patients and downless organizations calling for change won't fix the problem, only substantive policy reforms will. it raises more questions including what fees are being paid and whether this move is an attempt for cvs to steer paetsch emgts to its own pharmacies. pharma is the trade group that represents the big pharmaceutical companyies. guys, i couldn't help but think

i think i've seen it there. >> announcer: this cnbc program is sponsored by baird.trade's award-winning trading app makes trading easier. with its customizable options chain, easy-to-use tools and paper trading to help sharpen your skills, you can stay on top of the market from wherever you are. e*trade from morgan stanley. power e*trade's easy-to-use tools make complex trading less complicated. custom scans help you find new trading opportunities, while an earnings tool helps you plan your trades and stay on top of the market. e*trade from morgan stanley. (♪♪) [coffee pouring] (♪♪) [van engine] [card reader chimes] (♪♪) [garage door opening] (♪♪) [inaudible chatter] [card reader chimes] (♪♪) (♪♪) >>> the seminole tribe launching the digital sports betting platform and opening at three locations in florida. br contessa brewer is joining us. it is not nevada, in vegas, that you are thinking of, but anywhere there is gambling? >> reporter: i made a bid to be the reporter and cover lots of other vices. they think gambling keeps me busy enough. look, south florida is th

cuts you are watching "squawk box" and this is cnbc >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. consr climate risk? changing weather patterns are impacting the way we live and the value of businesses large and small. this can mean disruption to supply chains, changing demand for products and shifting regulation. what does this mean for your business, your clients, and your investments? ice offers data and markets that can provide critical insight. manage your climate risk with ice. across the globe, industries are transforming and businesses need to navigate the changing landscape to stay ahead. when you partner with barclays, every change leads to a bold possibility. you have the vision. we have the insights, financial solutions and global perspectives to help you make it real. barclays corporate and investment bank powering possible. honey, i think i heard something. ok. ♪ from christmas tree mats... to floorliners... cargo liners.... no drill mud flaps... seat protectors... and more... weathertech has the perfect holiday gift. honey, is everything

"squawk box" will be right back. >> announcer: this cnbc program is sponsored by baird.inve, do you consider climate risk? changing weather patterns are impacting the way we live and the value of businesses large and small. this can mean disruption to supply chains, changing demand for products and shifting regulation. what does this mean for your business, your clients, and your investments? ice offers data and markets that can provide critical insight. manage your climate risk with ice. >>> good morning, everybody. an early christmas for wall street with the dow topping 37,000 for the first time ever. we will have a breakdown of the fed's decision and market expectations. >>> breaking news from moderna on its treatment for melanoma patients. the ceo stephane bencel will join us. >>> the push for child safety online. we will talk to billionaire and former l.a. dodgers owner frank mccourt about his child safety initiative. the second hour of "squawk box" begins right now. >>> good morning and welcome back to "squawk box" here on cnbc. i'm andrew ross sorkin with becky qu

the target raised to 300 at baird. >> i think the targets are feasible as long as there's no operational. mid-august the stock was at 233. after that they had a production issue on the 737 max with the bulkhead and the stock went down to 180. it's recovered that. there are a lot of good things whether it's the order book, production increasing. as long as those stars continue to stay aligned and there are no operational mishaps. i think it will continue to go higher and get to those targets early in 2024. >> weiss? >> that very well could happen. it's just a question, is management going to not be an obstacle to getting there. that's been an issue with the stock and why i stay away. it's a duoly. the stock is still far below where it was at its peak. fundamentals are strong, stronger than they were at the last peak for e stock. >> great buying opportunity here because it will go back to that peak at some point. hover this is a great debate. if you're in steve's camp and think there's a recession coming, do not buy boeing. boy -- >> but he's saying not that. it's a management issue, in hi

joining us now is collin sebastian from baird.hat kind of signals are you getting that lead you to the optimistic growth forecast on online ads? >> yeah, thanks, and good morning. so, i mean, really, it boils down to the state of the internet sector is quite positive. we're seeing revenue growth accelerate in many cases. margins are expanding, and there's line of sight to a lot of product innovation, and along with the fact that valuations, at least in historical context, are not really stretched. that's what keeps us excited about those names you mentioned and others across e-commerce and social media. >> it looks like you have a buy on nearly all the stocks that you cover, everything from alibaba to ebay, meta, pinterest, shopify, except for maybe airbnb. is it just a rising tide lifts all boats when it comes to online ads? >> yeah, that's certainly part of it. the reality is we are seeing this year, and into 2024, really a resurgence of secular growth trends across digital media, online advertising, e-commerce. we certainly hav

nailed that call, stop surge more than 30% since then the streets has taken notice with morgan and bairds staying in the insulin space, saying tandem diabetes care, the mystery chart here, taught by the four 2024, back towards matthew taylor, senior analyst covering medtech at jeffries. that, you had a 240-dollar price target on insulet back in october. it is at 215 now, first of all, what do you do with it here? >> we still think of it as a heads up sign, obviously, not much or we made that of great call, we like the diabetes phase, think is more to be had from the overhangs that nailed these stocks back in the late summer, early fall. but, with the same thing, you can play tandem, it's another insulin make, are much cheaper, we think it has a lot more upside. so, we have been pushing clients to shift into tandem with a lot of the same tenants of the copies, in a cheaper way with tandem having a lot of catalysts in 2024. >> why did you put this call on? since run it over ten, it looks like tandem has doubled to its current level. how far can it go from here? >> we still have 36% upside

the austin police department spoke to the baird county police department. let's go over the time line. this is what we know. they shared plinary information. in the last hour, they released the identity of the man, sha james. this started yes bore 11:00 a.m. when austin police says austin independent sool district police officer was shot just before 11:00 a.m. and injured, then about an hour later, police rd 911 calls for an address where gunshs were heard. when officers arrived, they found a double cideand then about five hours later, a cyclist reported being shot and injured. two hours after that, there was another 911 call and police reported a burglary in place at a separate address. the officer that arrived found the suspect in the backyard, and says the suspect shot at him. the officer did return fire, but the suspect was able to flea. other officers then chased him as he got in a car and drove away, and eventually crashed where officers detained him. now, the officer that arrived at that second home, he was injured and taken to a hospital. now, as al

and ben kallo at baird saying, model 500 deliveries in 2023, and 75,000 in 2024. expectations for the fourth quarter or what people are assuming they will do. 1.8 million vehicles expected to be deliveredhis year. the guidance for next year, i shouldn't say guidance, the consensus from analysts of next year is deliveries of 2.13 million as you look at shares of tesla. almost everyone agrees, this is not going to move the needle financially, at least not initially. maybe 2025, when you get full production at a quarter million vehicles a year, then perhaps you're talking about a vehicle that could impact the bottom line. not initially, and also, guys, i want to show you shares of f fisker, the company announcing it's curtailing december production in order to increase its liquidity by $300 million. as a result, it is bringing down its guidance for full-year d deliveries to 10,000 fiskers to be produced this year, full year production guidance, 10,000 produced this year. just a month ago, their guidance was 13 to 17,000. >> phil, on the pricing on the cybertruck, 60,

we'll be right back. >> announcer: this cnbc program is sponsored by baird.rence.com. after last month's massive solar flare added a 25th hour to the day, businesses are wondering "what should we do with it?" i'm thinking company wide power nap. [ employees snoring ] anything can change the world of work. from hr to payroll, adp designs for the next anything. >>> welcome back, everybody. vertex released a result on its experimental pan pill. angelica peebles joins us right now. good morning, angelica. >> good morning, becky. vertex says their pain pill has succeeded in a stage two twiel. it's a type of nerve pain that people with diabetes has developed. they're studying the pill while we're expecting rulgts from that early next year. stocks are up 2% premarket. this is something investors have been really excited about. this is such a big opportunity. there's so much excitement and so much need for a nonopioid pain pill. >> the reason for that, it's not addictive. it's a much safer situation? >> that's the idea. of course, that needs to be proven out, but the

. >> abraham avi loeb is a franklin baird junior professor of science at harvard university, the longest-serving chair of harvard department of astronomy, the founding director of harvard black hole initiative, director of the institute for theory and computation, itc, within the harvard smithsonian center for astrophysics. he also heads the galileoeo project, chairs the advisory committee for the breakthrough star shot initiative, and is former chair of the board on physics and astronomy of the national academy. author of eight books booe than 1000 scientific papers, he is elected fellow of the american academy of arts and sciences, the american physical society, and the international academy of astronautics. in 2012, times selected him as one of the 25 most influential people in space. his latest book, "interstellar: the search for extraterrestrial life & our future in theri star" is available for purchase from our partner bookseller politics and prose. if you use link in the chat box which is also available on our website you will be able to purchase the book with 10% discount. just make sure

we've with the election there and the right wing winning vera baird , it's all down to illegal baird,know, the concerns that normal european citizens just like normal british citizens have about it. i think, though , about it. i think, though, frankly, you know, they policing their borders better, but it could probably thank hungary and italy more for stopping the flow because those two countries, especially hungary over the years, but italy now are actually trying to stop people coming in. they're taking their responsibilities as being the kind of fortress wall of europe . kind of fortress wall of europe. but it's you know, it's crazy. we all know, you know , when we we all know, you know, when we go over to the european union, when we manage to get over there and we're driving around , there and we're driving around, there is no stop. you know , drive is no stop. you know, drive between france and belgium and germany. nobody's going to stop me. and, you know , and that's me. and, you know, and that's fine for a tourist. but we've seen this with terrorist attacks. we've seen terroris

we've with the election there and the right wing winning vera baird , it's all down to illegal baird, know, the concerns that normal european citizens just like normal british citizens have about it. i think, though , about it. i think, though, frankly, you know, they policing their borders better, but it could probably thank hungary and italy more for stopping the flow because those two countries, especially hungary over the years, but italy now are actually trying to stop people coming in. they're taking their responsibilities as being the kind of fortress wall of europe . kind of fortress wall of europe. but it's you know, it's crazy. we all know, you know , when we we all know, you know, when we go over to the european union, when we manage to get over there and we're driving around , there and we're driving around, there is no stop. you know , drive is no stop. you know, drive between france and belgium and germany. nobody's going to stop me. and, you know , and that's me. and, you know, and that's fine for a tourist. but we've seen this with terrorist attacks. we've seen terrori

. >> announcer: this cnbc program is sponsored by baird. visit bairddifference.com. ( ♪ ♪ ) ♪ (when the day that) ♪ ♪ (lies ahead of me) ♪ ♪ ( seems impossible to face) ♪ ♪ (a lovely day) ♪ ♪ (lovely day) ♪ ♪ (lovely day) ♪ ♪ (lovely day) ♪ a bank that knows your business grows your business. bmo. (christmas music) ( ♪♪ ) weathertech gift cards have the power to wow everyone on your holiday list. offering a variety of american made products... weathertech! nice! like floorliners... cargo liner... seat protector... boot tray... cupfone... sink mat... pet feeding system... anti-fatigue comfortmat...and more. order the weathertech gift card instantly for the perfect gift at weathertech.com. [phone: starting route.] technology helps us navigate to work. [phone: go straight.] but, to navigate the complexities of modern work... [phone: turn left.] ...you need more than technology. you need cdw. [phone: you have arrived.] so we'll implement cloud based microsoft modern work solutions like microsoft 365, teams and azure, so your teams can collabora

. >> caller: yes good morning to you john and to congressman baird. i have a question for you. i constantly hear how congresspeople and senate people talk about getting things done. as an independent voter i voted for both democrats and republicans but the house of representatives has lost a lot of time this year between kevin mccarthy and finding a new speaker mike johnson and things did not get done. i believe in accountability. i'm wondering why people feel that they should go away on their vacations when work has not been done. i believe in accountability and i think that personally the people of the united states deserve to have these things done, and that they should hold themselves accountable in congress to get these bills taken care of, the ukraine and the israeli requirements that need to be looked at. why do people feel that they should go and take their time and go on vacation? the time that -- >> host: got your point. we run short of time period. >> guest: i absolutely agree with greg. let's get these bills done, if we can get them done let's get them done pick up

said, lincoln and david baird said, rudolph male, all rudolph cannot be a male, all the because female christmas time. the male ones all drop off. >> oh my god. so they did need help driving the sleigh though, didn't they? they oh, look at you with your sexist jokes. >> i love it. sexist pagans . i >> i love it. sexist pagans. i thank you, olga. don't stand a chance. well, here's here's a lovely one. staying with nature. the wonderful nature theme. there's been something spotted in canada. a really rare. i think we've got a picture of it. somebody posted it. it's gone viral as they say about these things. and it's a wonderful black and white cardinal. they're normally just white or red whatever it is , but this red or whatever it is, but this one is black or white. do we have a picture of the cardinal? look. it's glorious. >> is it beautiful? >> is it beautiful? >> is it not stunning? >> is it not stunning? >> and they haven't seen one of these centuries. liz. these for like centuries. liz. so time for this so just in time for this christmas and everybody have posted this glorious. so