i would say don't look at me but stick with cramer. >> the lightning round is sponsored by charles schwabalth management skills in the biz. tech asst: actually i'm seeing something from schwab. (uh-oh) producer : yeah, schwab lets you invest and trade on your own. and if you want they can even manage it for you. not to mention, schwab has a team of specialists for taxes, insurance, and estate planning. both producers: all with low fees. carl: we're experiencing technical difficulties... uh, carl... schwab! schwab. a modern approach to wealth management. >> the game of vacation of the quantum computer is finally wrapping up and all it took was a one-two punch. it met its mark to knock him to the canvas. in the widest that i've seen in ages. saying, i'm not an expert in quantum computing but my understanding is it a ways off from being a practical paradigm . very similar to what we heard when it was said it could be 20 or 30 years before we are using wanting computing. i am glad they popped the bubble because quantum computing companies are money losers. take getty computing, please. the co

>> announcer: "the lightning round" is sponsored by charles schwab.s the optimism around the market reached a fever pitch? cramer is digging into the areas where he is seeing too much speculation next. carl: what's up, carl nation! it's your #1 broker with the best full-service wealth management skills in the biz. tech asst: actually i'm seeing something from schwab. (uh-oh) producer : yeah, schwab lets you invest and trade on your own. and if you want they can even manage it for you. not to mention, schwab has a team of specialists for taxes, insurance, and estate planning. both producers: all with low fees. carl: we're experiencing technical difficulties... uh, carl... schwab! schwab. a modern approach to wealth management. ehh... hmm. oh, that's very, uh... - right? - mmm... this store doesn't have agentforce, so an ai agent didn't tip off the stylist as to what i might actually wear. - yes. - oh. that's a commitment. [glass knocked] hey bud! whaddaya think? you know, people can see you out here. ha ha ha ha, yeah, yeah, right, right, ha ha. love y

is the conclusion of "the lightning round" >> announcer: "the lightning round" is sponsored by charles schwabent skills in the biz. tech asst: actually i'm seeing something from schwab. (uh-oh) producer : yeah, schwab lets you invest and trade on your own. and if you want they can even manage it for you. not to mention, schwab has a team of specialists for taxes, insurance, and estate planning. both producers: all with low fees. carl: we're experiencing technical difficulties... uh, carl... schwab! schwab. a modern approach to wealth management. the future is not just going to happen. you have to make it. and if you want a successful business, all it takes is an idea, and now becomes the future. a future where you grew a dream into a reality. it's waiting for you. mere minutes away. the future is nothing but power and it's all yours. the all new godaddy airo. get your business online in minutes with the power of ai. >>> today we saw colossal buying in chip stocks as traders flocked to last year's darlings. nvidia led the group as usual. we saw terrific action, some of the beaten down semicond

joining us now are kathy jones from charles schwab and markup bohne of bank of america. let's start with you, kathy. your first thoughts as it crossed? >> the fed doesn't even have much room to talk about cutting rates in the near term. the market is accurate and pushing out the possibility to the end of the year because the momentum still seems to be pretty strong in the jobs market, lifting treasury yields to steepen the yield curve. vonnie: bank of america also saying there will be any cuts this year but the market is surprising in responsibility. as we know, a lot can help -- a lot can happen in 12 months. mark: you are exactly out -- exactly right, but the justification for it is strengthening of the labor market in the consumer with sticky inflation. the expectations that you mentioned earlier are a big deal for the fed. until they see inflation that looks like it's coming downward more confidently, they will stay on hold. our economists don't think the fed will be adjusting that stance for a long time and if that's right, it means rates are going to stay more elev

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. >> sponsored by charles schwab coming up, how should snack food makers be preparing for the influence1 broker here for the #1 hit maker. thanks for swingin' by, carl. no problem. so, what are all of those for? ah, this one lets me adjust the bass. add more guitar. maybe some drums. wow, so many choices. yeah. like schwab. i can get full-service wealth management, advice, invest on my own, and trade on thinkorswim. you know carl is the only frontman you need... oh i gotta take this carl, it's schwab. ♪ schwaaaab! ♪ have a choice in how you invest with schwab. ♪♪ only servicenow connects every corner of your business, putting ai to work for people. pfft ... every corner? every corner, nick. ow! so kate in hr ... hey kate. can focus on people, not process. oh actually, i have a question ... keep up, nick. do you have to be sick to take a sick day? patty in it is using ai agents to deal with the small stuff, so she can work on the big stuff. agents like secret agents? secret agents i control. with your mind? you know ... i played a secret agent once. - we know. - oh gosh ... i liked it. o

. >> the lightning round is sponsored by charles schwab.could the drug distributors be an under the radar winner in the healthcare space? cramer is going one on one with cardinalhealth to see how it brings treatments from pharma companies to patients, next. carl: believe me, when it comes to investing, you'll love carl's way. take a left here please. driver: but there's a... carl's way is the best way. client: is it? at schwab, how i choose to invest is up to me. driver: exactly! i can invest and trade on my own... client: yes, and let them manage some investments for me too. let's move on, shall we? no can do. client: i'll get out here. where are you going?? schwab. schwab! schwab. a modern approach to wealth management. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next step toward your future, by investing in the s&p 500 with spy. getting there starts here. appreciate it so much. thank you. doors are new beginnings. -surprise! -surprise! your dedicated fidelity advisor can help you open those

. >> announcer: the lightning round is sponsored by charles schwab.p takeaways from yesterday's keynote from nvidia's ceo and revealing why the stock's moves aren't the be all, end all for the future of the gpu giant next. carl: believe me, when it comes to investing, you'll love carl's way. take a left here please. driver: but there's a... carl's way is the best way. client: is it? at schwab, how i choose to invest is up to me. driver: exactly! i can invest and trade on my own... client: yes, and let them manage some investments for me too. let's move on, shall we? no can do. client: i'll get out here. where are you going?? schwab. schwab! schwab. a modern approach to wealth management. ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ ♪♪ at state street, we know everyone's trying to get somewhere. ♪♪ take the next step toward your future, by investing in the s&p 500 with spy. getting there starts here. all the buzz around bitcoin by investing in the s&p 500 with spy. isn't just talk anymore crypto has gone mainstream. at itrustcapital, you can buy and sell cryptocurrencies 24/7 with

kevin gordon of charles schwab joins me now. nice to see you. >> what is your read on all of this as you have listened to our conversation? >> i love weprin was just talking about in terms of when you get stretch valuations and you get hot sentiment and then it flips on the switch. it can send a name or an industry or stocks in other directions and that brings me to a theme we have had for a couple of quarters now, especially heading into 2025 where when you look at sentiment environment and 24, a lot of the etrics that we track were stuck in extreme optimism territory for a big chunk of the year. you only had a few eriods where it was early april to late april in the midsummer drawdown where some of that got washed out and then it came back very quickly. the environment and the ground is a little bit shakier heading into this year because you had gone through a really long stretch of it being in extreme optimism territory. it is not a reason in and of itself for stocks to sell up automatically but when you have that shaky found

steel, formed in 1901, andrew darn any, jpmorgan and charl schwab formed this country important in thetoday u.s. steel the 28th biggest steelmaker in the world. not as big as nippon, has been struggling. this was a good bid, a very aggressive bid by nippon first. looks like it's not going to happen. remember this name. this is the committee on foreign investment in the u.s. we talked about it in the trump administration because they blocked a lot of deals, semiconductor deals. president biden said it was not kosher with the deal with nippon and u.s. steel. so trump has opposed this. said it's not going to happen. buyer beware. j.d. vance said this is tariff jumping by any other name. doesn't look like it will happen. doesn't mean that deals between japan and the u.s. are dead by any measure. >> right. japan is an ally. it was interesting because even joe biden while i think he did this mostly because he is a union supporter, quoted national security as a reason. it's an interesting concept. do we -- does an american steel to company controlled by a foreign country pose an issue? >> not

. >> the lightning round is sponsored by charles schwab.d for the economy? cramer is giving you his take next. carl: what's up, carl nation! it's your #1 broker with the best full-service wealth management skills in the biz. tech asst: actually i'm seeing something from schwab. (uh-oh) producer : yeah, schwab lets you invest and trade on your own. and if you want they can even manage it for you. not to mention, schwab has a team of specialists for taxes, insurance, and estate planning. both producers: all with low fees. carl: we're experiencing technical difficulties... uh, carl... schwab! schwab. a modern approach to wealth management. it's time to feed the dogs real food in the right amount. a healthy weight can help dogs live a longer and happier life. the farmer's dog makes weight management easy with fresh food pre-portioned for your dog's needs. it's an idea whose time has come. 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

it's your #1 broker >>> market navigator is sponsored by charles schwab.uh-oh) producer : yeah, schwab lets you invest and trade on your own. and if you want they can even manage it for you. not to mention, schwab has a team of specialists for taxes, insurance, and estate planning. both producers: all with low fees. carl: we're experiencing technical difficulties... uh, carl... schwab! schwab. a modern approach to wealth management. this is clem. clem's not a morning person. or a night person. or a...people person. but he is an "i can solve this in 4 different ways" person. and that person... is impossible to replace. you need clem. clem needs benefits. work with principal so we can help you help clem with a retirement and benefits plan that's right for him. let our expertise round out yours. >>> so we have an ongoing inquiry looking at some of these investments and partnerships between the incumbents and some of he newer startups, trying to understand what's really going on. are these investments interfering with independent decisionmaking and is that goi

time for our market navigator brought to you by charles schwab. you're dominic chu. >> i am. are brian sullivan. >> hi. >> that was kelly evans over there. anyway, the health care sector starting off 2025 with smaller gains but on a relative basis outperforming. it's got a long way to go to make for a tough 2024 with jpmorgan's health care conference wrapping up this week, our next guest is taking a look at the sector and has thoughts where it's headed and which names may be in for a healthier return this year. >> no. >> i did it. i went there. joining us now, mr. sullivan, is carter worth, the founder and ceo of worth charting. it was the worst performing, single worst performing sector in the s&p 500 over the last 12 months. so is it due for a bounce? >> yes. thank you. good to see you both. the question here, of course, is it right to play this laggard? times also weaknesses to tay away from and weakness to take advantage of. my hunch is the latter. start with the first chart, over the past ten years basically you're talking about an aggregate, one of the parts, that am co

we'll start with liz ann saunders, charles schwab chief investment strategist. great to see you. happy new year. >> happy new year to you, mike. >> obviously we don't want to make a tremendous amount about a few days worth of choppy downside action in the markets, but i wonder what you think it might reflect about the starting point for 2025 in terms of market field position, aluation, concentration of the market. >> well, you know, we're only one day into trading in january. but that old adage of january goes, so goes the year. there is validity to that. some people extrapolate that into a weak december, suggesting something about how at least the first part of the year is going to unfold and there hasn't been a strong correlation in the past. in fact, periods where you had a weaker december and then a stronger january have actually been followed by pretty decent market returns. so i think it is a little too soon to tell. the setup for this weakness was probably very sentiment driven. we had gotten to a lot of frothy conditions in the aftermath of the election that post election

charles schwab is changing its ceo. we had the guy in.g corporate workers back to the office for five days a week. paul is professor of corporate communications at dartmouth. before we talk about the individual -- and professor it's good to see you. before we talk about the individual instances we've talked about, what's the big trend going to be? five days? is it ever possible we go to four days? i'm asking for a friend. >> i think so. i think that could happen. i can't imagine five days for everyone into the deep future. it just doesn't seem like that's possible anymore. especially the younger generations really value their time, and there seems to be, you know, no loss in productivity. i don't understand some of the moves by companies like at&t or amazon to try to bring people back for five days. that seems like time gone by, really. it doesn't mean people aren't working. they're just working from home and trying to capture some time for themselves and work at their own pace, which is what most people want in life. >> so it's the young

we will czechia up with charles schwab and peter of securities and david kelley of j.p.rom j.p. morgan and some of the biggest banks. and then at 8:30 eastern time cpi inflation data. it is a little bit of everything which is why you should all be here at present and logged onto a bloomberg terminal and not on a ski slope in europe. lisa: i agree. jonathan: you enjoy yourself. i will see you next week in europe. thank you for choosing bloomberg tv. this was bloomberg surveillance. ♪ (grunting) at morgan stanley, old school hard work meets bold new thinking. ( ♪♪ ) partnering to unlock new ideas, to create new legacies, to transform a company, industry, economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old school grit. new world ideas. morgan stanley. matt: a little bit of a rebound after we finished and agreed. 30 minutes until the start of the cash trade. sonali: bloomberg open interest starts right now. matt: coming up, another report that trump's economic team is considering a gradual approach to the tariff h

we're going to hear from charles schwab's kevin gordon. >>> tesla shares are hitting the kids a bit this't done in a decade. we'll tell you what it is and whether it's a bad omen. >>> and can the battered cannabis sector revive ts fortunes in 2025? tilray ceo irwin simon joins us on the make or break year ahead for that industry. >>> first up in the markets, trying to gain here, the s&p 500 up a third of 1% but it's off the

here with their market outlook, kathy jones, charles schwab, alongside jeremiah buckley, joining us now you. kathy, weigh in here on maybe what your interpretation of the bond market's message has been with this surging yields since the fed's rate cut -- actually, since september, but also since the december meeting. >> mike, i think it's a combination of factors. one is the growth expectations have ramped up because we saw growth outperform. particularly if you go back to last fall when we got those big revisions to gdp and employment data. so, we had the growth picking up more than expected. we had the shift in the fed's outlook. and then we have all this uncertainty about policy going forward, whether fiscal policy will be stimulative on top of an economy that's already running at a pretty healthy pace. that would prevent inflation from getting back down to 2%, which is the fed's target. so, you throw all that together and you get the rise in the term premium in the ten-year yield. it's gone from negative about 50 basis points. positive about ten basis points. that's accounted for mo

write down the street from me is a charles schwab.ld like to have his opinion on what professional expertise a professional wealth manager or investment strategist would have like schwab, t. rowe price or oppenheimer rather than doing it yourself. guest: that industry, this is an interesting question. i cannot recommend clearly advisors or stocks or strategies, but what has happened quietly over the last five to seven years is the death of the equity commission. time was you would have to call the broker and pay a lot, of the bid ask spread, there was a lot in terms of waste, in terms of what would happen in the industry has moved enormously self-directed investing and index funds paid and ultra low cost exchange traded funds char liquid. the democratization of investing is fascinating. having said that there's a multitrillion dollar transfer of wealth happening from the boomer and greatest generations down onto gen x and millenials. overwhelmingly generations that have not been tuned into the stock market. if you look at the volatili

write down the street from me is a charles schwab. like to have his opinion on what professional expertise a professional wealth manager or investment strategist would have like schwab, t. rowe price or oppenheimer rather than doing it yourself. guest: that industry, this is an interesting question. i cannot recommend clearly advisors or stocks or strategies, but what has happened quietly over the last five to seven years is the death of the equity commission. time was you would have to call the broker and pay a lot, of the bid ask spread, there was a lot in terms of waste, in terms of what would happen in the industry has moved enormously self-directed investing and index funds paid and ultra low cost exchange traded funds char liquid. the democratization of investing is fascinating. having said that there's a multitrillion dollar transfer of wealth happening from the boomer and greatest generations down onto gen x and millenials. overwhelmingly generations that have not been tuned into the stock market. if you look at the volatility

charles: let's talk about a name, i see a lot of names on your buy list, one that jumps out is schwabold. why do you like it here if in. >> i think it's a great value play. we've got some things in our portfolio, things that we're looking at that we say to ourselves, you know, is this the kind of company that in this broadening out, in this fred says we're not going to raise -- fed says we're not going to raise rates any longer, are we seeing it with the combination of td ameritrade, and we like the stock particularly because it's trading at 12 times earns. charles: yeah. no, pretty good risk-reward, for sure. james, come back soon. great stuff, appreciate it. happy new year. >> happy new year. charles: by the way, folks, speaking of which, so many tunnels, so many angles. i write and talk about this day and night, check out my daily commentary, go to wstreet.com because i know you will love it. we'll be right back. ♪ ♪today my friend you did it, you did it♪ pursue a better you with centrum. ♪ it's a small win toward taking charge of your health. ♪ so, this year, you can say... ♪you d