. >> after the break we will reflect on the life of art cashin who has passed away, his impact on thehen it comes to investing in artificial intelligence maybe old school stocks can present better opportunities than the new school ones. one trader is looking at a dislocation, a divergence n that ai trade and that dynamic might point investors towards a less volatile way to play ai using industrials rather than tech stocks. find out how, tune into market navigator later on today, "power lunch," 2:00 p.m. eastern time >>> wall street is remembering a legend today, long time cnbc guest art cashin has died. ubs director of floor operations at the nyse, he was a fixture at the big board for six decades, known for his colorful daily market commentary titled "carbon's comments" which he had sent to clients for more than 40 years. bob pisani is here to talk about art. tough day yesterday. >> tough and very emotional for me and you, i know the influence on you, david, you would regularly speak to him as well art cashin befriended me and greatly influenced my market reporting. he was a master m

cashin was the floor director at the new york stock exchange.he washington post called wall street's investigation version of walter cronkite cashin's success was attributed to charm, wit and intelligence and refusing to adopt many of the conveniences of the modern world. cashin was also linked to the new york stock exchange tradition. leading the singing of the 1905 song "wait until the sun shines, nelly. art is a fan of "worldwide exchange." a great person every time i saw him at the new york stock exchange art cashin passed away at 83 years old. we wish the best to his family (vo) this holiday, verizon will turn your old or broken phone into a gift. anyone can trade in any phone in any condition and get a samsung galaxy s24+, on us, with circle to search. even if your phone is old or dated, you can turn it in at verizon for gifts for you and the family. for a limited time get galaxy s24+, watch and tab. all three on us. that's up to $1,900 in value. survive the holidays with samsung. powered by verizon. ♪ ♪ ♪ something has changed within me ♪

you're art cashin iii here. on this day, when we commemorate your father and you continue the long tradition. >> we want to thank the nyc and everyone that has come together to honor him. the big things of his legacy is the charity work that he always did through the floor. as far as "the exchange" dinner christmas fund and the fallen heroes fund and all that stuff. when people remember him, i think that's one of the things he would really want to be remembered for. >> and peter cashin, of course, the important thing here is continuing those traditions and the annual singing of wait till the sun shines nellie. your father was involved in so many causes down here. i know you feel the same way about him and what a beautiful funeral you had for him, commemoration and the outpouring of love that came was really exceptional. your thoughts right now. >> thank you. yeah, i can't thank you enough for all the years of friendship that you've shown my dad. i think this is not just a tribute to my dad, folks. this is a trib

. >>> art cashin has died.e washington post" dubbing him wall street's version of walter con cite. i always remember how kind and welcoming he was. art cashin was 83. >>> when we come back here tonight, the race to save the sea turtles right here on the u.s. coastline. (♪) during its first year, a humpback calf and its mother are almost inseparable. she lifts her calf to its first breath of air, and then protects it on their long journey. one of the most important things you can do is help the next generation. protect the ones you love with pacific life's trusted financial solutions. talk to a financial professional about life insurance and retirement income with pacific life. still having bladder leaks? find a bladder specialist who can talk to you about axonics therapy. it's not a drug and it could give you lasting relief - like it did for me. get started at findrealrelief.com it's time to get your life back! ♪ who knows what tomorrow will bring ♪ (dog whines) ♪ but as for me ♪ (knock at door) ♪ i'll wait and

art cashin and the friends of fermentation for art he was the at&t guy. >> next up, tesla, ceo elon musk in a case brought forth by tesla shareholders who accused the pay package of being deeply flawed in the process michael. >> john, i'm so glad that you're coming to me on this one and not kelly. because last time i was on, i said sell it and the thing has gone straight up listen, as -- look, as an investment, as an investment, tesla makes no sense trillion dollars market cap. they make $1.8 million cars. ford, gm and stellantis makes more cars an this is four times the capitalization it is a trillion dollars company. what are they going to do to grow earnings. this is a hope and prayer company. if you want to trade it and think you could get in and out bitcoin feels the same way to me because i don't know that there is any there, there underneath. >> he want going to call you out. because i didn't remember that so thank you for bring it up >> you're too nice, kelly. >> let's move along to u.s. steel with the president-elect repeating his vow to block nippon steel's planned purchase of

talking about and every night, no matter how he stayed out drinking, he came back and did the art cashinomments. for over 40 years. one of the most widely read on wall street. every day. no matter what he did. no matter how late he was out, he was that dedicated to his craft. >> he liked to marinate his ice cubes. that is for certain. >> he would always remain nimble. >> i remember trying to look into the big selloff that the stock market had a 1962. i'm reading about it and art was like, i can tell you how that felt. he basically had just gotten here around that time and he could give you the dynamics and compared to other cycles and other events that we were dealing with up until today. >> we are so flush at this point with information. we have so much in front of us now and ways and things we didn't in the past. and so often, he would be the guy that you literally would turn to to try to figure out what was happening. there have been so many amazing people that worked on the floor floor. and he was the one person that you visited with i think every year for the last, feels like 20 yea

known for his colorful daily market commentator titled cashin's comments.sdom and if you knew him personally, you knew him for his kindness art cashin was a good man, gentleman, kind man when i was on the floor at the new york stock exchange more than 20 years ago. one of the very first people to take me under his wing, make me feel comfortable and confident there. it was an intimidating place at the time but art cashin had a kind word for everyone, smile for everyone, always had a joke to tell you and made everybody feel special and will be deeply, deeply missed. >> funny comments about scotch and drinking. >> he made his way out on the scene. >> he did. and i think he enjoyed a few as well i never worked at the new york stock exchange i didn't get to know him personally, but he was on the show non-stop. >> yeah. rob just reminded me of this phrase he's marinating ice cubes. >> that's right. he had a lot of funny expressions like that. he was funny and smart. >> true gentleman. >> and he was good at what he did, too. >> yes >> his commentary on, you know,

kramer, before i ask about my stock, i want to give a shout out to the memory of art cashin.s morning with a lot of humorous stories. the one i liked the best was when art would order pigs in a blanket for breakfast. he would call it irish caviar. >> there you go. >> he was a brilliant inspiration to many of us. let's hit it out of the park. >> what have you got? >> my stock is spec at $3 a share. semi conductor, vanguard and blackrock have been buying it. in bts. >> those buyers are index buyers and i have to tell you that that company is losing a lot of money. i think you could take a flyer at $3. but understand that it is losing a lot of money and it is a flyer. looks cool to amil in new york. >> how are you doing? >> good. >> long time member. >> thank you. >> my stock today is a pharmaceutical company. one of my favorites. the ceos one of the first guests on mad money. he has been doing great. 200% for five years. but the last four months, taking a nosedive down. 40% of value. with eyedrops and medications as well. what do i do with regeneron? >> it is a quandary. i expe

." >> well, that bell marks the last trades of 2024, the family of art cashin at the closing exchange finish line with another session in the red closing out what has been a very strong 2024 for the bulls. that is the scorecard on wall street, but winners stay late. welcome to "closing bell overtime." julian emmanuel brings his 2025 playbook and where

>> higher and god bless art cashin what a great gift he was to all of us. >> thank you for saying him. we haven't gotten the chance yet. i think of him saying stay alert, stay nimble and that is true now as it ever was. michael thanks >> s&p went green. positive so far so it is an exciting last hour of trade. scott wapner live from post 9. a look ahead for your money as one strategist takes this target for stocks to the highest on the street wells fargo's chris harvey joins us on why he says another great year is in store for your money. oz perilman is here with a new trick to leave us wondering how did he do that in the meantime, let's show you the score card with 60 minutes to go in regulation. outside of the mega caps not a lot of green on the screen the s&p is barely positive nasdaq outperforming apple a new all time high today. s&p sectors are split. we will watch everything over this final stretch t takes us to our talk of the tape lofty returns in the new year. that's what our first guest is predicting today chris harvey of wells fargo right here at post 9 welcome back. >> than

. >> that's art cashin, sharing some words of wisdom on the markets five years ago one of his final onset with us precovid the big board is about to honor him by observing a moment of silence, calling art a revered member of the trading floor community for more than half a century. we've had a good chance this week, jim, to think about the change that he witnessed of his years here >> i wish he were here, obviously, because he doesn't come out and say this is a dangerous market he doesn't say this is just insane he comes out with actually the flavor of what the market, is and we don't have a lot of people who are -- you know, who aren't afraid to say what he just said, listen, you think it's crazy let me tell you -- >> art's observances in so many different ways will be missed. by the way, i made this point previously when we were discussing him with bob a couple of days ago. everybody listened when he talked about the market, whether long-term or right in the moment he had incredible array of historical insight for the current moment >> he was a hero to so many of market participants of