for cnbc business news, i'm seema mody. >>> pick up pace with a.i.e and seeing major activity according to our next guest. just that one ready could dissect and ask you lots of questions. first, nice to see you. thank you for joining us. >> thank you. >> private sector picking up pace. private investments are, i imagine, why are we picking up pace compared to 2024? >> it has been a game of two halves in 2024. anything with a.i. is a boom and valuations going back to 2020 and 021. anything that is not a.i. is not completely easy if you are a series b founder to raise capital. i'll tell you what we will see over 2025 say reset where some of the a.i. hype may cool a bit and other sectors climb in health which i'm investing in will have a great year. >> you say anything a.i. completely boom in 2024 as well. i'm given the power and margins that your business, your area of expertise. historically, you are not expecting those to work as well. have the numbers changed at all? let's be brutally honest in it, most of those with a.i. will not monetize anytime s

steve liesman, cnbc business news. >>> we want to take you to the heads of state where the eu leadersre about to start the last summit of the year. i was speaking to an official yesterday who said we shouldn't expect concrete decisions from today's gathering. however, it is an important meeting because it will be setting the tone for a new year. it is particularly important because we know the europeans are having conversations about how to prepare amid the upcoming arrival of donald trump to the white house. on top of that, you have the president of ukraine, zelenskyy, attending the summit in brussels, too. yesterday, he was having dinner with nato officials as well. this is a key question for the eu going into 2025 how will they continue to support ukraine particularly if we see the united states at least downgrading and cutting potentially their support thus far to kyiv. at the same time, the key question for the europeans is how are they going to be spending on defense themselves there is a willingness, that's clear, in terms of increasing in terms of stepping up their own defense

kate rooney for cnbc business news in phoenix. >>> coming up on "today", the future of air travel takes>> thank you so much for being with me for "early today." i'm frances rivera. hope you're up early again thursday. ifou are, you know we' yre >>> the man accused of killing unitedhealthcare ceo fighting extradition to new york. and shouting at cameras as he arrived in court. his lawyer insist something luigi mangione will plead not guilty.

known for the fiscal hawkishness have all seen their deficits increase in recent years for cnbc business newsm silvia amaro in london . >> we now have our guest with us to discuss the outlook >> pleasure. >> what don't we know about 2025 that you can enlighten us about? i can't help thinking about the tensions that came to the floor after the u.s. election will dominate things? >> absolutely. we might see more to come. with trump in u.s. security and trade and foreign policy we don't know what is the response of the other side the chinese and europeans and so on i think here, the rule of the day and uncertainty from the 20th of january onwards as you mentioned before about the remarks about panama and greenland. the rules that we have taken for granted and the frame of business that provided a back drop since the second world war, there is a shift the rules will be changing we will see loss of activity from trump from the early days this is going to create a very significant amount of uncertainty. >> i get that, but i don't mind things shaken up the washington consensus of the late 1940s with

lin lin, cnbc business news. >>> coming up on the show, arjun will have the latest ambitions despiterappling with chip curbs. we'll have more after this break. for nearly 200 years, big beverage companies have been selling us billions of single-use sugary drinks. using the same old one size fits all playbook. think about it, we've seen technological advancements in every other aspect of our lives. but the beverage industry has been stuck in the past. until now. meet cirkul, the beverage platform of the future. transforming water into your favorite beverage. cirkul - your water, your way. >>> welcome to "street signs." i'm silvia amaro and here are your headlines. traders slash bets on bank of england cuts after the hotter than expected uk wage data with markets pricing in three moving lower for the whole of 2025. >>> european stocks in the red after the key central bank meetings and the u.s. futures continuing the dow with the longest selling streak since 2018. >>> and german business sentiment slumps in december as political instability crystalizes around the no confidence vote for

kate rooney for cnbc business news in phoenix. >>> coming up, a texas judge deals a blow to the infos. >>> if you missed "worldwide exchange," check us out on apple, or spotify podcast apps. >>> more "worldwide exchange" coming up after this. jen b asks, "how can i get fast download speeds while out and about?" jen, we've engineered xfinity mobile with wifi speeds up to a gig, so you can download and do much more all at once. it's an idea that's quite attractive. or... another word... -fashionable? i was gonna say- "popular! you're gonna be pop-uuuu-larrr!" can you do defying gravity?! yeah, get my harness. buy one line of unlimited, get one free for a year with xfinity mobile. and see “wicked,” in theaters now. the u.s. economy is doing very well. we are in a very good place with the economy. we were the last central bank to cut and we are on a path to bring race down to a more neutral level over time. >> we talked with andrew last week in his final public remarks before the fed decision next week. later today, we get the cpi inflation report for the central bank. >>> welcome back t

leyland, cnbc business news. >>> a federal judge has blocked the largest supermarket merger in history amid antitrust concerns, imposing a planarian injection on kroger's $25 billion purchase of albertson's , agreed in 2022. cut proceedings could head to the ftc for further consideration. coming up on the show, we will cross back over to hamburg to discuss whether the shipping industry can weather the potential storm of trump tariffs . join us after this break. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. if you have $100,000 or more of life insurance, you may qualify to sell your policy. don't cancel or let your policy lapse without finding out what it's worth. visit coventrydirect.com to find out if your policy qualifies. or call the number on your screen. coventry direct, redefining insurance. >>> a very good morning. welcome to "street signs." >>> im silvia amaro, and h

new ai and crypto czar. "the exchange" is back after this. >> announcer: this is "the exchange" on cnbc. business. it's not a nine-to-five proposition. it's all day and into the night. it's all the things that keep this world turning. it's the go-tos that keep us going. the places we cheer. trust. hang out. and check in. they all choose the advanced network solutions and round the clock partnership from comcast business. powering more businesses than anyone. powering possibilities. >>> welcome back to "the exchange." lots to unpack in the tech world this week. tiktok is facing a ban president-elect trump just announced a new ai crypto czar kate rooney has the ai information for us jessica lesson is here to help us unpack the significance great to have you all here kate, let's start with you what's the big announcement today? >> day two of shipments and openai did say some days we're going to get the big gifts, some days stocking stuffers today is more in the stocking stuffer. it is important. they are launching a model customization and you can fine tune openai's models with your own datasets for

news 12 long island, cnbc. we were partners by necessity -- in business. that deal with the rangers and the knicks back in the day. you know, years later he would go back and buy madison square garden, and become the owner of the knicks and the rangers. then, you know, he would develop his son jimmy to be a great entrepreneur, who recently launched the sphere in las vegas and it was about a year ago that the sphere launched, and i was out there with my wife. there was a group of us that are very close to the dolans, and who turns the corner at age 97? hand in hand with jimmy, just with his eyes wide open, so excited about the next venture that his son and doing. and it was chuck and jimmy. i sat down, at 97 years old, and we had a talk about this business. you said earlier, where are we now? when we talked about the business, chuck said it's about great content. people will always pay for great content, and they'll always find it, whether it was the knicks and the rangers. whether it was bringing movies to cable, whether it was bravo, or amc, or ifc, wheth

nbc news senior business correspondent christine romans is joining us now. christine, let me read how cnbc today. quote, inflation is stubbornly above target. the economy is growing at about a 3% pace. and the labor market is holding strong. put it all together and it sounds like the perfect recipe for the federal reserve to raise interest rates or at least to stay put. that's not what is likely to happen. so why not and what is expected? >> such an interesting moment. what's expected is a quarter point rate cut this would be -- we've had three now. this would be another one here and the last one to end the year. then we think the fed is likely to signal it's not going to keep doing this. it will pause for now because of all those things in that cnbc article mentioned. you have inflation still 2.7%. you have a job market that is cooling but still pretty strong. 3% economic growth. the u.s. is the strongest economy in the developed world, so it's a really strong economy. do you want to be cutting rates in a strong economy? doesn't that fuel inflation? also next year a lot of uncertainty for

business internet. and for a limited time, get an $800 holiday bonus. call today. lunch." i am kate rooney with the cnbc newsgreeing to reform the police department in the wake of the investigation of the shooting death of taylor. the consent decree still does need to be approved by a judge. meanwhile a missouri man found in syria told nbc news today he spent months after cross into the country in a pilgrimages to damascus. he went missing in may and reappearing in syria. >>> buzzfeed announced today it's selling "first we feast," where celebrities try to answer in depth questions while eating hotter and hotter chicken wings. it's value guys is $82.5 million. back over to you. >> i always thought tyler would be the perfect guest on that show. >> it's not too late. >> we should re-create it here. i could never do it. i would last eight seconds. kate, thank you very much. we appreciate it. >>> let's move along to market navigator today after we saw rates back up on the ppi number. with markets trading at high valuations, is it time to get back to basics? our next guest will tell us how to navigate that space a

business internet. and for a limited time, get an $800 holiday bonus. call today. >>> welcome back to power lunch. this is your cnbc newspdate. president elect donald trump promised there would be hell to pay if the release of kmax hostages is not secured by the time he takes office in january. he made the claim this afternoon on his truth social account. they are believed to be more than 100 hostages being held in gaza and up to a third could be dead. >>> the state department today said they want to see a political process to end the civil war and syria. rebel fighters launched an assault in the country last week and made gains in the city of aleppo. syrian and russian jets are retaliating against opposition forces with president bashar al- assad threatening to crush the insurgents. >> the french government is onset to collapse later this week. far right and left parties exhibited no-confidence motions against the prime minister today after he pushed a budget bill through problem without a vote. if the vote passes, the prime minister's coalition will be the first forced out by a no- confidence vote since 1962. back to

let's now bring in cnbc's dom chu and nbc news senior business correspondent, christine romans.pple effect through the marketplace. a huge down day for the markets overall mostly because many of the investors on wall street who have been pushing stocks up to these near record-high levels at this point have been doing so with the idea or the thinking that the fed would continue on a path of lowering interest rates next year. now the fed, to be fair, still said that they are on a path to lower interest rates, just not by as much as previously thought. because of this notion that inflation is till still a probl and by the way, inflation is still a problem not just from the straight numbers standpoint, but americans feel as though it's still a problem, and when you have that kind of a sentiment situation where people still fear that inflation is going to be bad, they start to change their behavior in different ways. that's going to be something to watch as well. but also, this idea that wall street tends to move dramatically sometimes with regard to expectations. they tilt very much

cnbc morning business report. i'm bertha coombs. all right, just a couple more days to eat donuts before you got to start dieting for the new year to close out 2024. google taking a look back at its top searches. the top pardon me news moments of the year include the election. google says it saw a record number of searches for people looking up where to vote. the copa american soccer tournament was held in 14 cities around the world. also among the search engines top query this year, that's followed by the 2024 olympics in paris, which are jessica aguirre covered extensively for today in the bay. in terms of the most searched people of the year, politicians once again reigned supreme. so we have president elect trump at the top, followed by the vice president harris and the vice president elect, vance. we saw the top of the ticket. really, spike, when president biden stepped out of the election. and then, of course, for vance, when he was named as the nominee, the top search movies include inside out two, beetlejuice, beetlejuice and it ends with us, a popular historic restaurant in san francisco making a comeback after almost four

new safe step walk-in tub. >>> welcome back to "worldwide exchange." tonight, cnbc's special cities of success travels to salt lake city, utah. the area that is a thriving businessowing explosive growth. in the last decade, gaming video is up 230% delivering $2.6 billion in the utah state economy in 2024. much of that steep rise can be tied back to the halls of one local university. cnbc's andrea day takes a closer look at the salt lake city story. >> reporter: inside this classroom at the university of utah, students spend years studying video games. believe it or not, the playing and creating that happens in the labs fuels the multibillion dollar gaming industry. >> a host of people who came here to go to school and graduated and pivotal in the games industry. >> reporter: michael young heads the gaming department. he says the school's roots include alumni like doug wser. >> back in 2008, students who were passionate about playing and making games, came to the professor and said you could teach games as part of the classes. >> reporter: the school took the advice and by 2017, those classes grew into a full-blown gaming degree program. today, the program attrac

business and politics. some of them, a number of them, sat down with cnbc anchor and "new york times" columnist andrew rossew york city. and the role of elon musk in washington was a huge topic of conversation throughout the day. he is, of course, the richest man in the world. ceo of spacex, also tesla, owner of x and the founder of groc-ai and now his influence is headed to washington. the trusted trump ally will be co-leading the department of government efficiency designed to slash is size and scope of the federal government. yesterday i spoke with musk's direct competitors sam altman and his competitor in space, amazon and blue origin founder jeff bezos, both of them great entrepreneurs in their own right but a lot of questions about whether they worry about elon musk's relationship and trust and connection with trump in the second administration. >> i take it face value. what has been said, which is that, you know, he is not going to use his political power to advantage his own companies or to disadvantage his competitors. >> lots of things not to like about him, but it could go so deeply against the

new perspectives! ♪♪ how to fix things. ♪♪ fun recip... (high pitched sound) (high pitched sound) (high pitched sound) >>> time for business and cnbc's charlotteosted their third straight winning week ahead of a good jobs report here on friday and key inflation data due out later in the week. what's driving the market early this this morning? >> the futures are a little bit unchanged after these two indices put the third -- winning streak in a row. as you were saying, now the markets are very much watching latest inflation data expected on wednesday after the key jobs data we saw on friday and we'll go into details later on this. and it will both be key to inform policymakers the head of the next meeting of the federal reserve that we expect next week. >> let's turn to a story that we've been following for some months now. now major development that tiktok inching closer to being banned here in the united states. walk us through what happened and what its future might be. >> yes. it was a federal appeals court on friday citing national security concerns as it upheld a law requiring china-based bytedance to send its app tiktok or face an effect

cnbc, and you know, he is synonymous with this place. people forget the founding fathers of fox news, he was one of he was there from the beginning and one of the creators of fox business the great tv journalists of all time and put him in there, put you in there. i'm proud that i do that on the best. >> there's nothing fake with me, liz. i don't even take makeup. >> everybody says trump going for my producers to put on them amazing stats and there's going to be post party and pre-party and it'll be a big thing. one of the interest eight hours thicks and interesting because first time they've been a real player in the inaugural election and it's broken on foxbusiness.com and they're lining up to give money and listen, if just based on what we've been eatable tar we have rip and will kraken and not getting in touch with them and they, i'm sure, we'll get it. i could see 20 million. liz: robinhood broke it here, 2 million. liz: listen to charlie and not vlad. >> it's not a crypto firm. you know what they do. >> it's not a crypto firm. liz: they're not crypto but more of a crypto component and he referenced that. >> i know. but we're being pure in our analysis. it's a big

cnbc morning business report i'm silvana henao. silvana, thanks. when it comes to making it in the bay, a down payment can make or break the dream of home ownership, and one bank is offering a newram to help. hsbc is launching what it calls its opening doors grant for certain underserved communities across the country. it will provide up to $25,000 in down payment assistance for applicants in san francisco, alameda and santa clara counties, and qualified applicants who secure a loan will not have to repay the grant, and there is no lien on the property. a minimum credit score of 620 is needed. hsbc's head of u.s. mortgage is hoping the new program helps lock in more long term clients. we do offer you a broad spectrum of services in the and, you know, it's really important to us that one of the anchor products in a client's wealth and in their lifetime is their home. so we often lead with mortgage and then, you know, work with our customers on deepening their relationship with hsbc. hsbc is opening doors grant program will begin processing applications january 1st. you can learn more at us dot hsbc.com. turning for you this morning the super bowl of surng where just like maveric

cnbc morning business report, i'm pippa stevens. all right pippa thank you. well countdown you see it there to christmas. the start of hanukkah now less than ten days away. kwanzaa starts the day after christmas and new year's six days after that, with the holiday festivities in full force. tis the season for big crowds to be on the go. but it turns out some people may nevertheless be saying, bah humbug! i hate crowds, i hate crowds. merry christmas, you are part of the crowd when it comes to holiday hotspots. will visitors in some cases can cbine with shoppers to create a bit of a crush? north of santa barbara, the tiny town of solvang comes in more with more than a million visitors each year, and that's with a population of just about 6000. what? wow. that's a lot of people visiting. while elbow room may be squzed for the locals, businesses stand to benefit. so we really do see an impact, even at the micro level of small destinations. seeing huge increases in tourism, people bringing their dollars to spend locally at this time of the year because of those holiday attractions. some european destinations, meantime, are starting to experience overtourism. that includes what's billed as santa's home ho

. >>> plus, we'll go live to cnbc as the markets kick off a new month on wall street. businessur of "morning joe." ur of "mo" with the money i saved i thought i'd get a wax figure of myself. cool right? look at this craftmanship. i mean they even got my nostrils right. it's just nice to know that years after i'm gone this guy will be standing the test of ti... he's melting! oh jeez... nooo... oh gaa... only pay for what you need. ♪ liberty, liberty, liberty, liberty ♪ >>> president biden has should a full and unconditional pardon for his son hunter. biden announced the controversial decision last night after previously saying he would not use his presidential powers to do so. in a statement biden argues there's been an effort to break hunter who has been five and a half years sober even in the face of unrelenting attacks and prosecution. in trying to break hunter they've tried to break me, and there's no reason to believe it will stop here enough is enough. hunter biden would have faced sentencing on december 12th for his conviction on federal gun charges and a separate sentenc

business out there and get more customers in here. no sweat... for you anyway. create a beautiful website in minutes with godaddy. >>> welcome back. we have your cnbc newsng representatives from boeing, were on the side of a deadly plane crash that killed 179 people in south korea. the plane was seen as having engine trouble and preliminary reports say the pilot received a bird strike morning and issued a distress signal before the tragic landing. south korea's transport ministry launched safety inspections on all the 101 boeing 737 800s in the country in response. >>> military appeals court ruled against event secretary lloyd austin's effort to toss plea deals reached to three defendants charged for their involvement in the 9/11 terror attacks. the men agreed to plead guilty in exchange for being spared the death multi. austin had argued he should decide on any plea agreements. the defense lawyer said he did not have the legal authority. >>> puerto rico is preparing to -- >>> look at these companies that moved on a.i. themes. the power generation companies and utility company suddenly became megastars because everybody woke up and realized -- companies

new round of record highs. we'll go live to cnbc for a look at business before the bell when "morning joe" comes right back.rists and makers who grow and create with a passion. 1-800 flowers. share with love. >>> obviously, david, ukraine is another place where people in foreign policy world and president zelenskyy are concerned for what comes next for the new administration. the ukrainian president indicating he would accept a cease-fire with russia if his country is put on a path to nato membership. "the wall street journal's" reporting that it's representing a subtle shift. he's, in effect, suggesting he could accept leaving occupied territory in moscow's hands if the rest of ukraine were given protection by allied forces. russian military said they suffered record losses, according to the kyiv independent, nearly 46,000 russian soldiers were wounded, killed or captured last month, and reportedly destroyed hundreds of tanks and combat vehicles. a new assistance package coming from the biden administration, more than $700 million to ukraine. this has the feel of getting everything it can into the hands of

take a look at the busy holiday season and what trends he is expecting heading into the new year. stay tuned. do not go anywhere. "squawk box" is coming right back. this is cnbc. weathertech presents. ♪ deck the halls with gifts so happy ♪ ♪ fa la la la la, la la la la ♪ ♪ made right here so nothing's crappy ♪ ♪ fa la la la la, la la la la ♪ ♪ laser-measured ♪ ♪ perfect fitting ♪ ♪ fa la la, la la la, lahh lahh lahh ♪ ♪ auto, home and even pets, too ♪ ♪ perfect gifts for me ♪ ♪ and perfect gifts you ♪ happy holidays start at wt.com >>> welcome back to "squawk box." for a look at the state of the holiday travel season and what is ahead in 2025, i welcome a guy i follow religiously on social media. brian kelly is here. unveiling a 2024 tpg lighting the best companies in phase of travel and hotels and more. nice to see you. >> thanks for having me. >> what's at the top of the list? who's the best? >> this year, we did data surveys and we had our editorial staff. we didn't want to do popularity contests because we wanted to highlight the best brands in travel. the best airline loyalty program went to american airlines because they're miles are still really, reall