constellation energy is the nuclear play, the darling. so, diamondback energy and mercado libre and nvidia and marvell technology. jim's favorite chips, not the pepsi kind. energy as a sector has donthe is week after under performing most of last year. more squawk on the street" in just of a moment. z's bakery is looking to add a pizza oven, arissa's hair salon wants to expand their space, and steve's t-shirt shop wants to bring on more help. with the comcast business 5-year price lock guarantee, they can think more about possibilities for their business and not the cost of their internet. it's five years of gig-speeds and advanced security. all from the company with 99.9% network reliability. get the 5-year price lock guarantee, now back for a limited time. powering five years of savings. powering possibilities™. >>> time for stock trading, jim. >> one is blackrock with etf. it pulled out yesterday in bitcoin. three days of decline. that is atypical and i think i like bitcoin and i think people should watch it and maybe if they haven't bo

. >>> constellation energy at $16.4 billion deal cash and stock. this, of course, is power demand given the growth of data centers and a.i. continues to rise. don't miss constellation ceo joe dominguez in the next hour of "squawk on the street." >>> the jobs number is 256. unemployment falls a tick, jim. >> i'm so glad you mentioned that. look, we can all be very negative. the economy put a lot of people to work and paying them ten cents more. i have trouble being negative. 25 cents, maybe 30 cents. when i see this number and what i say to myself is okay, would you prefer earnings to be good? this isn't earnings to be good. were you prefer rate cuts? anytime i get earnings to be good, i prefer that to rate cuts. we are in the end creatures of what makes stocks move. i know that if you want to pay more for bonds and get an interest rate that's higher. what's really bad for stocks is recession. these numbers are far away from recession. the only thing i can conclude, david, is the fed got it wrong. that doesn't mean ceos will get it wrong or businesse

constellation energy and astrazeneca and applied materials up. ing a shift when it comes to leadership. energy, the best performer after a laggard back in 2024, i know it is not that, just a few days ago. on the other side, consumer discretionary. you see down almost 4%. energy up almost 2.5%. we also have three sectors that remain in correction territory. materials, healthcare and energy and real estate. actually four. yields held steady over recent days, but at 4.5% which is putting pressure the market. the ten-year holding steady at 4.55. pulling back in recent days, but still above 4.5%. different story with long bond. this has held steady at 4.75. evercore saying higher yields on the long end of the curve is the biggest threat to the cyclical bull market. we will talk with our guest. look at the moves on the dollar. pulling back a bit. you can see here week to date up 1%. that is a big upside move for currency. we want to look at energy. oil in particular, starting on hopes of economic growth. we start with wti. i'll remove the circle, of cou

whole story like constellation energy right. and utility company that was up three times in the last year. i mean, that is just set up for a big correction. so i think some of these trends, i think electrification will continue. but but you know, these stocks really needed to correct. >> that's exactly what i was going to ask. >> you actually. >> let's take a quick listen to this, because those power names were among the biggest losers yesterday. down 2,030% ge venmo among them. now that company is rebounding today on a chevron partnership involving engine number one to power data centers. and here's what the ceo told squawk on the street about yesterday's price drop. >> we're certainly appreciative of the market's response. over the ten months we've had as a public company, that shows its confidence in our future to grow and grow profitably. >> grow and grow profitably. on what do you think? >> yeah. >> i really do feel that the. need for more electricity and data centers is something that not only is the market asking for, but

constellation energy, the biggest laggard on the s&p and the nasdaq this morning.e're also watching shares of vertiv holdings among other services. the company provides cooling systems for data centers. those shares are up more than 170% over the last year. you can see right here down just about 18% this morning. much more worldwide exchange coming up. stay with us. >> there is one death. >> from cancer anywhere around the world. >> every three seconds. >> 75% of patients don't. >> actually. >> know that they have heart failure. >> until they've gone into a clinical setting. >> as healthcare demands grow, the urgency for innovative solutions has never been greater. with every challenge comes an opportunity a chance to redefine what's possible. >> thank you for calling. >> please hold. >> when you. >> talk to. >> your custodian, does it feel like you're not being heard? >> thank you for calling. please hold. >> now that's better. >> trey palmer doesn't have a massive. >> call center. instead. >> your calls. >> are answered by real people. >> who know you by. >> name

. >> you like constellation energy and next era as well. are you buying nvidia of the world or are you waiting. >> i want to see when the dust settles as much easy to buy utility i like constellation energy the couple under companies double digits at 150% last year they had 1100 increase in earnings and the company is crushing it you're going to tell me i gigantic discount that some will save or play we always need power. >> i want to show electricity thing is here, and right now renewables expecting earnings go up 165 percent%. -- 165 percent you're buying citigroup right here. >> i think it's one of the wig banks you can buy and still get a runup on. charles: what about wells fargo? >> is they've had a hell of a run, but if i had to choose 2007 the two -- between the two, citibank is better. charles: feels like a combination of bottom fishing and also finding a fox hole. is this kind of what you envisioned? >> exactly. stay onshore because the dollar's still strong. valuations are wonderful, small caps will do better once -- [inaudible] i

. >> i like viscera utility stock with constellation energy that huge year in 2024, 260% but the valuationely, hitting relative strength is actionable at current levels. >> will go with the "barron's roundtable" from abby joseph tiu would she likes crouch strike is growing double digits in earnings at 20% for the coming years. expensive but a lot about crouch strike. jack: thank you, great ideas. thank you to read more checkout barron's.com don't forget to follow us on next appearance.com for the latest updates. we will see you next week on "barron's roundtable". the -♪ when the sheriff john brown come for you? ♪ -stop! now! stop!

. >> i like viscera utility stock with constellation energy that huge year in 2024, 260% but the valuation up nicely, hitting relative strength is actionable at current levels. >> will go with the "barron's roundtable" from abby joseph tiu would she likes crouch strike is growing double digits in earnings at 20% for the coming years. expensive but a lot about crouch strike. jack: thank you, great ideas. thank you to read more checkout barron's.com don't forget to follow us on next appearance.com for the latest updates. we will see you ne ♪ ♪ maria: good sunday morn, everyone. welcome to "sunday morning futures." i'm a maria bartiromo. today, burned and devastated los angeles will need emergency money to rebuild as fires expand. republicans are huddling on the priorities the come out of the 1 is theth congress, and the 47 president's office. will republicans unite and

finally, constellation energy, this stock is now the best performing stock in the s&p 500, up by 24%. it comes as the company officially confirms that this is one of the biggest, the biggest ideals in the u.s. power market. they've already said that this would allow it to boost up graining earnings in 2026. vonnie: a lot moving today. natalia, thank you so much. another company were looking for, tiktok, supreme court hearing arguments as to whether they need to shut down in the united states and bytedance plans to shutdown the app january 19 if the supreme court doesn't delay or strike down a law that would force it to sell tiktok. for more we are joined by mike shepard. mike, what is the latest out of the supreme court's interesting arguments being made this morning? >> they are wrapping up. the u.s. solicitor general's presenting the government's case that the law signed by joe biden in april requiring bytedance to divest of the app or see tiktok band in the u.s. has been arguing this case now, facing questions and skepticism from the justices, but not nearly to the degree of grilli

with constellation energy that huge year in 2024, 260% but the valuation is reasonable up nicely, hitting relative strength is actionable at current levels. >> will go with the "barron's roundtable" from abby joseph tiu would she likes crouch strike is growing double digits in earnings at 20% for the coming years. expensive but a lot about crouch strike. jack: thank you, great ideas. thank you to read more checkout barron's.com don't forget to follow us on next appearance.com for the latest updates. we will see you >> from the fox studio in new york city, this is "maria bartiromo wall street". maria: happy weekend to all, welcome to the program that analyzes the week that was in position you for the week ahead. i am maria bartiromo deadly fires ravishing los angeles area leaving thousands of homes and businesses and schools obliterated 180,000 people under mandatory evacuation orders the palisades and eaten fires on track to be the most costly in u.s. history max gorden is on the ground in pacific palisades with the major economic impact. >> where i'm standing it looks like a bomb has gon

. >> i like viscera utility stock with constellation energy that huge year in 2024, 260% but the valuation is reasonable up nicely, hitting relative strength is actionable at current levels. >> will go with the "barron's roundtable" from abby joseph tiu would she likes crouch strike is growing double digits in earnings at 20% for the coming years. expensive but a lot about crouch strike. jack: thank you, great ideas. thank you to read more checkout barron's.com don't forget to follow us on next appearance.com for the latest updates. we will see you ne >> from the fox studio in new york city, this is "maria bartiromo wall street". maria: happy weekend to all, welcome to the program that analyzes the week that was in position you for the week ahead. i am maria bartiromo deadly fires ravishing los angeles area leaving thousands of homes and businesses and schools obliterated 180,000 people under mandatory evacuation orders the pasas

vistra lost 29% yesterday. >> on the upside or the downside i should say. >> constellation energy. >>re actually down again. >> nextera rose yesterday but constellation. >> did not. in the. >> meantime. >> chevron partnering with investment firm engine number one. and ge renova today to build natural gas powered power plants to run, you guessed it, data centers across america. heck of a timing for that deal to be announced. joining us now to talk about all this and more is paul prager. >> he is. >> the ceo of. >> terra wolf. >> they're an infrastructure focused bitcoin mining company. they got nuclear assets. and the minute that not the minute, paul. but when all this stuff started happening yesterday, you texted me and basically said that we're kind of getting the story wrong. what did we get wrong? what did we miss? what did the financial markets cnbc whatever. what did we. miss about what. >> happened yesterday? >> sure. it's nice to be here. >> terra wolf is an energy infrastructure company, and we build state of the. >> art data. >> centers for. >> quality customers. >> first cla

constellation energy down double digits yesterday up about 4.5% yesterday.ome of those top gainers. all right. we want to stick with deep seek and the fuel and how it fueled the sell off yesterday. let's talk nvidia. remember the chip stocks they sold off nvidia alone losing nearly $600 billion in market value. look at that chart. you can see the decline right there. the stock's fallen into bear market territory. it's also moved below its 200 day moving average for the first time in two years. that's that yellow line. kind of hard to see right here. but again below its 200 day moving average. we also want to take a look at treasuries. bond yields. they eased back a bit as investors. they just kind of look for some safety. taking a look the benchmark at 4.56% moving back about five basis points. similar story for the two year. there was actually a two year auction yesterday. our rick santelli gave it a c plus rating. obviously a lot of investor demand for bonds again looking for safety. and we want to take a look at bitcoin back above 100,000 right now. remem

and constellation energy interesting there. these were the big scale utility players power generators that rose up. because of all that i demand for power. they got bid up huge over the course of the last year or so, and they're falling, by some measures, the most 29% downside for vistra constellation energy down about 19 to 20%. so it is very much a deflation of that trade. we'll see if it lasts though. kelly. that's the big question for a lot of traders have. i'll send things back over. >> to you. these are huge moves don. we'll pick it up. thank you very much. dom chu. let's dive in here to the real significance of china's low. cost ai model. this deep sea r one is the sell off across those names he mentioned. deserved. raymond james tavis mccourt is here to look at that for us today. vc bradley tusk on why it's going to be hard not to use deep sea cybersecurity ceo. >> ivan sarine is back to talk about the hack and how deep sea got so good so quickly. and deirdre bosa, who is all over this story before everyone else. welcom

constellation energy. marvell. nvidia. broadcom.extends to ge renova and vistra and even dell and palantir and bitcoin. we'll get to all of that. what it means for the broader market. and cramer's mad dash in the opening bell in just a few minutes. >> get ready for the big meeting. >> i have to write. >> this project plan. >> i just need to reply to 40 emails. >> every day. >> your team gets sucked into endless writing. >> tasks. >> and every day hours disappear for everyone except pam. >> hey pam. >> because pam uses grammarly's ai to write in a few clicks, not a few hours. it's one seamless experience everywhere, and it works for the whole enterprise. that's why 70,000 teams trust grammarly. >> it was lost in the dark. >> grammarly for business enterprise. ready. >> i meet. >> venu on the. >> nyse. >> american symbol venue. >> disrupting a. multibillion dollar. >> live music industry. >> venue owns and operates upscale music venues, outdoor amphitheaters with seven revenue sources, $166 million in assets, luxury suite sales of $77

the energy firm agreed to acquire natural gas company cal pine for $26.6 billion, this is a cash and stock deal. constellation a quarter percent on the news, the merger will combine two of the country's largest power generators aztec companies are in high demand for energy to power data centers. constellation the largest producer of nuclear power in america. the sticks up 116th in the last year. stay with us. we'll be right back with former speaker of the house, kevin mccarthy. where ya headed? susan: where am i headed? am i just gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management let's go boys. the way that i approach work, post fatherhood, has really been trying to understand the generation that we're building devices for. here in the comcast family, we're building an integrated in-home wifi solution for millions of families, like my own. connectivity is a big part of my boys' lives. it brings people together in meaningful ways. ♪ ♪ >>

nuclear is probably best long term option the main stocks like, almost 3x since chatgpt came out constellation energy 4x, since chatgpt came out, what is your take on natural gas? and maybe lines as a more immediate solution to getting power to those data centers to leverage ai to fullest abilities. >> i think you are exactly right mark, i mean that is exactly what i was going, what are we going to do now? from a nuclear standpoint that is going to take even more time, but i would say i love stocks i mentioned as a matter of fact constellation one outperformed, unbelievable rate i think will continue, the ai demand is something that is going to be here, getting bigger and bigger that is why i think you are seeing a lot of various tech companies, that are embracing they used to push back against now i think everybody embraced it that is the only way to get to the levels of demand that is going to be, because of ai, all data centers private equity a lot of aspects of the market jumped into this space i think it is really, really important, to understand, how big this is going to be, i think that that i

come in, lauren, you are looking at some of the movers beginning with constellation energy. ashley: the nuclear power plant, yesterday it was higher by 8%, two days in strong gains after $1 billion in government contracts to supply power for more than a dozen federal agencies. pulte home is up, wedbush upgraded the homebuilder gives them an outperform rating and the stock going up 25% in the new year. rivian delivered 51,000 for the year but big news is the supply-chain is functioning normally again. no more part shortages. investors responding to that with a 17% gain. ashley: that is impressive indeed. still ahead, the attorney general demanding answers from the fbi on a terror attack. >> the information we received is coming through the fbi. i've not received a lot of information from them. i want to make sure they are taking this seriously and put all their best resources towards this investigation. ashley: the attorney general will be here to give us the latest on the investigation. the fbi says the suspect posted videos on facebook pledging his allegiance to isis but we

constellation energy acquired cal pine, the biggest gas operator in the country.ization to reliability is starting to take shape. i agree that looking at the demand outlook the infrastructure has not been able to keep up with it. annmarie: how much of this is jevon by politics? trump -- driven by politics? trump lifted the lng freeze put in place by the biden administration. sahriar: politics is certainly part of it. under the trump administration, when you think about carbon rules for natural gas, thinking about pipelines, thinking about the lng markets, there will be a push to drill, drill, drill. the focus is becoming energy independent. part of this is policy. even before the trump administration took the helm our viewpoint was the demand picture was not going away. there's a big focus on shifting manufacturing back to the u.s. there is such a big focus event electrifying the system -- focus on electrifying the system. that was even before the trump administration took the helm. post trump, it adds additional drivers like you highlighted. there will be a major

moments ago, breaking news regarding constellation energy, near a deal to buy calpine in what could bever deal in a power generation sector. with more on the m&a backdrop, i want to welcome bob profusek. they have advised more than 1000 deals over the past decade. bob, great to see you. you say that the m&a stars are almost aligned perfectly for 2025. in large part because of the lighter touch regulatory environment under a pro-business donald trump. the deals announced this week and today, it is not like they came together after november 5. >> there has been a lot in the pipeline, so to speak. but the last two years have been difficult. the regulatory environment is difficult. it will probably be better. most deals are global, or have a global dimension to them, a utility deal or something like that. it is difficult outside the u.s.. one of the things people are worried about, there is euphoria on the other hand, the idea the u.s. steel deal was blocked on those kinds of -- on the grounds it was blocked on. that is troublesome. one of the things that has evolved in the last few years,

energy company is? lauren: yes. constellation but cal pine is a private company headquartered many houston. they generate electricity from natural gas but also geothermal which is chien. so we are now talking with these two companies together creating the nays' largest -- nation's largest clean energy provider. t it's a $26 billion plus, broad array of energy to meet future day a centers for artificial intelligence. -- data centers. stuart: and i guarantee they're approved. a. lauren: it should the be. gee. >> thermal uses existing oil wells and the same technology as fracking. stuart: but you to do take my point. what can you tell me about -- oh, i'm interested. tesla's updated model y. lauren: so you've got to go to china to get it, so you're not interested at all. the problem for elon musk is his company is losing market share in china to local rivals. this is what it's going to the look like, it starts at $36,000. of the front kind of looks like the cyber truck with that -- stuart: [inaudible] lauren: a touch screen for the s

constellation energy for 60 in cash stock, the biggest deal in american history and the ceo is weighingcnbc. >> we wanted to create the kinds of capabilities and put them together that will power the u.s. economy at a very special time where we are seeing significant growth not only in data but across the board in a lot of different regions so we like to follow where our customers need us and that is what we think we have done here. >>> also an energy today, crude oil is up -- what is that? call it just under $3.00. the u.s. imposing sanctions on russia today and this time unlike the last sanctions the market belief distinctions may actually be enforced. russia bought what we call ghost fleet, really old supertankers so they could buy oil around the world and they have been doing that successfully. >> keep an eye on wti and see if that affects the consumer. constellation was not the only deal today. we have reports drugmaker eli lilly by a cancer focused biotech in a deal worth $2.5 billion. eli shares 1% on that but there have been a number of big deal announcements this week. getty bu

big tech way down i think as we showed you the list of the biggest losers on the nasdaq by constellation energycron asm a holdings, chip stocks are all done 78, 91011 in 17%, huge cella president trump issued a new threat to the 88000 irs agents hired under biden edward lawrence at the white house, what is the threat. >> reassignment or termination, president donald trump going after the irs that was beefed up under the biden administration the new president is saying biden recognize irs against americans making less than $400,000 a year. under president joe biden the irs made limited progress in figuring out how to audit less people in the income bracket they increase the agents so across-the-board increases in the number of audits president trump has an idea to what to do with the new workers hired under president biden. >> they hired or tried to hire 88000 new workers to go after you and we're in the process of developing a plan to terminate all of them or maybe we will move them to the border. >> the inspector general report founded 2024 that audits on taxpayers making less than $400,000 a

it is baltimore-based power producer, constellation energy.talked about it a ton on the show. power lunches the appropriate name. constellation today, down about 5%. it's on reports, just reports, that it may by privately held helpline for $30 billion. constellation owns, among other things, the nuclear plant formerly known as three mile island. it is now crane power. >> that's the one microsoft wanted to restart. >> that's it, and by the way, microsoft is willing to pay $100 per hour for that. >> and he regulators don't want it to happen, is that right? the point, the fact there is another deal of this magnitude being discussed, the trickle of the deal boom we have started to have, it feels to me like it's picking up it >> i have a feeling that the regulators that are coming may not be the regulators that we had. >> indeed. let's get to bertha coombs for a cnbc news update. >>> the israeli military says today, it recovered the body of a hostage in a tunnel in gaza. officials say they are identifying additional remains that could belong to ano

because you can see broadcom and video micron constellation energy just changes across. >> the spectrum. and by the way the it's the i mean that's what you're thinking about like constellation. needs the energy needs change. >> the energy needs that go along with all of this. because we had all these questions. and by the way, we've been saying all along, energy is going to have to be more. we're not going to be able to do these things. and everybody says there's always technological change that comes along. they thought it was going to be for the grid. maybe it's just for the ai needs itself. a lot of questions there. we're going to be talking about through the course of the morning. when we come back, we will talk much more about the sell off that we are facing. here's a look at the tech names that are dragging down the nasdaq 100 this morning. it's down by a thousand points right now the nasdaq futures. that's because you're seeing a drop in constellation energy of 14.8%. marvell technology down 13.5. broadcom is down by 12.75%. nvidia is down by almost 12%. micron shares down by 10.

constellation energy announced it's buying calpine for $16 billion.alpine runs 37 different power projects across california, including the geysers outside of calistoga, and it's one of the largest natural gas generation companies in the country. the deal comes amid huge demand for power in california and nationwide by the ai and data center industry. well, you have probably heard of dry january, where you stop drinking alcohol for the month, but what about no spend january? many people are deciding to take part in the trend. after all the holiday spending on gifts and parties, the goal is to focus on purchasing just the necessities. some tips include no eating out, including no ordering takeout, no going to bars, no online shopping and watching movies on streaming instead of in the theater. >> i would rather see people be a little bit more realistic. set these goals that are attainable, that then you can feel good about, and then that can transition further into the year, you know, into the first quarter, then into the summer and beyond. >> financial

constellation energy up another 3%. so much, a huge decline in the yield on the 104-year treasury. -- 10-year treasury. that's pushed the price up and the yield down, and we've got a yield now at 4.666% on the 10-year treasury. the price of gold, that's going up along with just about a everything else in this rally. you're now hooking at $2, 700 per ounce. and bitcoin, well, has it hit $100,000? not quite. 99,2 is the latest quote. price of oil, that's up as well, $78 per barrel. nat gas, that's up over $4. the average price for a gallon of regular up just one cent overnight at $3.008. look at car, $4.39 per gallon. it's a rally, sports fans. >>> still ahead, liz peek on biden leaving the left in ruins. border czar tom homan wants to create a tip line to report illegals. border guy chris oliveraz coming up on that. pennsylvania congressman dan meuser on trump's plan to make the u.s. energy dominant again. and bill hemmer responds to the laiders of "the view" who say you can't love america and support donald trump. oh, r

wall street journal reporting that constellation energy will try to buy out calpine. calpine has lots of energy plants here in the bay area, including that natural gas plant along 101 in coyote valley. looks like president biden will call for more restrictions on nvidia chips beyond just a ban on sales to china. the white house could announce as early as today it will limit the number of powerful ai cps that can be sold overseas, even to friendly countries. bloomberg, the first to report that full allies like canada, australia and most of europe can still buy all they want. the fed once again worried about inflation, and while it's not naming names, it's worried about inflation caused by donald trump's policies. two specifically, the deportation of hundreds of thousands or millions of workers, which will drive up labor costs and huge tariffs that he's promised against canada, mexico and china. tariffs are inflationary. the federal open market committee on tuesday released the minutes from its most recent interest rate meeting and said they were worried about, quote, s

constellation brands, from that that one to constellation energy. ing a record after confirming they're going to acquire privately-held calpine, a $26. 6 billion deal that includes cash and stock. constellation guiding full-year adjusted earnings per share to above where analysts were anticipating numbers the to come in. >>> well, the oil patch also on the move today as the biden administration slaps major sanctions on vladimir putin's energy sector. goldman sachs' top oil man is here to tell us what it will do to the price of oil as the wars in ukraine and in the middle east rage on. we'll be right back. ♪ ♪ at harbor freight, we do business differently from the other guys. we design and test our own tools and sell them directly to you. no middleman. no folks in suits telling us to raise prices for the heck of it. just quality tools you can trust, at prices you'll love, every aisle every day. that's how we like to do business any way. whatever you do, do it for less at harbor freight. (♪) ♪ i have type 2 diabetes, but i manage it well. ♪ ♪ it's a li

. >> some of this is very attractive on a valuation basis so ceg, the constellation energy is one of they operate the largest nuclear fleet in the united states and now, with the acquisition they are adding gas power to it as well, so they really aren't expensive where the stock is trading today and they are really coming of a 20-year downcycle we've had for energy in the u.s., so i'm pretty optimistic on that sector. charles: one thing you said a long time ago, why has wall street missed the boat on this and you said they think in quarters where you think a lot longer. you've been killing it. >> [applause] charles: give her a hand. she's absolutely amazing. folks, also i've got to say. thank you very much. i love doing these town halls, and what's really amazing about it is people want to learn. the independence of knowing, of knowledge, is indispensable. we're in a knowledge century if you will. this is where you can no longer walk into an auto dealer and some guy tries to glaze your eyes over with some numbers right? like it does this and that. you know the specific questions that

charles: you've been pounding the table on utilities for a long time, right now you have vistra, constellation energyrgy and talon. my subscribers are in these two as well, we could be with in at this very moment why these names specifically? >> one because they're independent, and two of them at least are nuclear in there, and that's certainly going to be the next power source. it's also, you look at the utility sector as a whole, it's 2% of the s&p 500. five, ten years from now it's going to be way higher than tha- charles: you think so? >> absolutely. it'll be double of that. by definition, the revenue person andings of these companies have to go up. we have to increase the power grid. power is life. it's the difference between being in a developed nation and an emerging nation. charles: doesn't it strike you, we've had these conversations now if, for the last four years we were constricting energy. and we knew this was around the corner. this is one area where we've been caught flat-footed. >> our electric group is, for sure. now we're becoming an industrial nation again, certainly president trum

constellation energy announced it's buying calpine for one for $16 billion.ine runs 37 different power projects across california, including the geysers outside of calistoga. it's one of the largest natural gas generation companies in the country. the deal comes amid huge demand for power in california and nationwide, driven in large part by ai and data center industry demands. take a look at what's happening on wall street. a difficult day for the dow. it's down more than one and one half percentage points, losing almost 700 points right now. that percentage loss is similar to what we're seeing on the s&p and nasdaq. a new trend is taking hold this month called no spend january. many people are putting a pause on their spending after going all out for holiday gifts and parties. the goal is to focus on buying only the necessities. participants say they're skipping things like eating out, including takeout orders and staying away from bars, as well as online shopping and only watching movies on streaming services instead of going to the theater. >> i would rat

but if you're thinking about even the constellation energies or the arista networks, this is the stuff that moved today and, in fact, if you looked at markets, it was a bit of a bar bell. you had high end, ultra high growth stuff rallying and then small caps and some of the equal weighted stuff rallying, but it was clearly about a.i. today. >> call me skeptical. i think this is going to be there's no there there. >> they're going to announce something and there's nothing? >> these companies were already committed to spending tens of billions if not hundreds of billions of dollars over the next few years, and i think we're probably going to see this isver the life of the term of donald j. trump. you think about openai being at the table. okay, that's smart for sam altman. everyone kind of hates them other than microsoft. oracle would love to get more market share as it relates to, you know, the public cloud. right? who is the other one? masa son, he's so far up trump's you know what. how many times have we heard -- >> trump said how about $200 billion? he went from 50 to 100 and then tr

we've seen ge renova, oklo, constellation energy and some other stocks fall very sharply. and that's because the ai boom many investors have been betting that there's going to be a lot more energy that we need to power the data centers and to make this ai boom possible. and this deepseek news has forced investors to again rethink that as well. and so we've seen the energy stocks come down very sharply today. clearly this news from this chinese startup has sent shockwaves really across wall street. boris. >> matt egan, thank you so much for that update. coming up, returning to northern gaza, tens of thousands of palestinians bracing for what awaits them months after being driven out by war. we're live on the ground with a live report from the region in just a few minutes. >> the lead with jake tapper today at 4:00 on cnn. >> and power. >> so handsome. >> i. >> think. >> oh. >> i can't buy this. what's wrong? >> hang on there. actually, you can. you're in power. investment account has performed well, and this whole off whitish cantaloupe thing is really working for you. >> so

schneider electric, constellation energy vistra. those are the moves lower that we saw yesterday. and we'll keep an eye on those this morning. now in cnbc has not been able to verify these claims. but alexander wang, founder and ceo of scale ai, accused deep tech of violating u.s. export controls. >> what we found is that deep seek, which is the leading chinese ai lab, their model is actually the top performing or roughly on par with the best american models. my understanding is that is that deep seek has about 50,000 a100s, which they can't talk about, obviously, because it is against the export controls that the united states has put in place. and i think it is true that, you know, i think they have more chips than other people expect, but also going to go forward basis. they are going to be limited by the chip controls and the export controls that we have in place. >> but we are closely tracking all developments around deep seek. we've got a comment coming now through from deep seek that an issue has been identified and a fix is being implemented. now this appears to be in rela

way, and getting some comments some not. >> this was down. 29% to your point. >> okay. >> constellation energy 20% ceg. >> now if you believe. that this new. >> deep sea is going to. >> wipe out. >> demand for power. >> for i. >> buy by. >> 1,520% and thus reduce. power processing needs, then maybe. >> i don't. >> want. >> to say this. >> is. >> the correct move. it's not. >> my decision to decide whether or not a stock or a move is correct. but i think what we have. learned is that many of these stocks may have been priced to perfection. in other. >> words. >> these are supposed to be boring old utilities. that barely move. >> but yet. >> have moved huge. on this ai power demand story. >> the one thing i wanted. >> to add. >> kelly, is that it's not. just utilities. take a look at the companies that are going to pipe. >> gas to the utilities. the wme, cme. >> kinder morgan. >> et, energy transfer lp. >> landbridge. >> those what. >> they call pipeline or midstream stocks. they're also down. ten. >> 13, 14%. >> what i mean. so brian, when people say, well, is this a moment like in the 90s when

vistra, talen energy, ge, nova, constellation energy all tumbling more than 20% today.ah. >> courtney. >> well, so much of the momentum behind. nuclear and power. >> stocks has been gen ai and ai, and forecasts. >> that we'll need an ever greater amount. >> of power for data centers, which is why deep seeks promise of. >> a more efficient model is hammering these stocks. nuclear owner vistra was the biggest loser in the s&p today, wiping out more than a quarter of. >> its value. with constellation. >> and talent both. >> down more. >> than 20%. now, evercore isi said that the magnitude of the decline means that any uplift from data center load growth has now effectively been wiped out. the selling. >> also extended. >> to small modular reactor names like nuscale and oklo. still, arthur hyde from sacred capital said that deep sea doesn't really change much for nuclear over time, but that some of the independent power producers and small modular reactor names were crowded. the upstream players also dropping with the ura, uranium and nukes all down double digits, with came

stargate announcement and expectations of growing energy demand around artificial intelligence, constellation energy up nearly 10%. fisher corp adding 13%. well, take a look right here. nuscale power has surged more than 30%. the big winner this week, though, it's oklo the sam altman backed nuclear startup, which altman serves as the board chairman for those shares up just about 50%. cameco and vaneck nuclear, the vaneck nuclear etf. they're also both up just about 10%. actually, when you look at the etf, the mlr, it's up about 11%. all right. coming up with trump's fresh fight against jay powell, what it could mean next for next week's fed decision and press conference. plus we're watching shares of oracle riding a monster week its best week since december of 2021. you can see shares right now in the premarket. they're up just about 1% week to date, up more than 16%. and as we head to break another live look in davos, switzerland, we're back right after this. >> first, let me. say that i don't want to be a spoiler here. if you look at all the evidence on what ordinary people think and feel. >> noth

develop is the heat, and some of the energy behind nuclear stocks, specifically names like constellation energy and vistra, with some of the larger utility scale players that have nuclear operations up 4% and 3.5%, respectively. nuscale power oklo on some of the smaller companies that have nuclear technology as part of their portfolio. these names have seen a huge surge given the stargate announcement, and all of the other power that's going to be needed to power ai, data centers and everything else. so keep an eye on that trade. i can't help but think about james spader and kurt russell every time i say stargate. but anyway, the last one we're going to look at here is electronic arts, big video game publisher. it's down about 16.5 to 17% after its forward bookings guidance. a measure for its future business came in short of expectations, due in large part to underperformance in its soccer franchise. those soccer games, fifa and everything else. so keep an eye on electronic arts down about 16.5%. i'll send things back over to you, kel. >> all right, don, thanks very much. let's start with the p

constellation energy, the largest u.s. owner of nuclear power is acquiring calpine.t $16.4 billion. the deal expected to add a more than $2 billion of free cash flow annually and also deliver more than 20% of eps accretion in 2026. meantime, president-elect trump's speaking at gop -- at the gop governors conference yesterday where he reiterated the idea of taking over greenland from denmark. we've been talking about this all morning. pippa stevens is here with more on what greenland has to offer. >> president-elect donald trump has set his sights on greenland because of its rich mineral resources, access to global shipping routes and strategic location in the arctic, which is especially important as tensions with russia and china flare. greenland has 25 of the 34 minerals deemed critical by the european commission, including lithium and graphite, which are key for ev batteries and cell phones. it also has rare earth reserves, which are crucial for the energy transition, military equipment, and computer chips. china currently dominates that market, and with tariff thr

we're going to end on energy also rebounding taking a hit yesterday alongside the chip stocks constellation energyhe names that have been kind of tapped to power ai data centers. but energy needs have been called into question following some of these open source and lower cost model announcements. so becky, constellation, vistra, nuscale, oklo, cameco, some of the nuclear and power generation names that are trying to find some footing. i'll send things back over to you guys. becky. >> okay. tom. thank you. sure. we do have some news out of the uk. in the meantime, britain's antitrust regulator has raised concerns over competition in the cloud computing market and has singled out microsoft and amazon as the dominant players. an independent inquiry group has recommended that the regulator consider investigating those companies under new digital markets legislation. those stocks, as a result, are mixed. amazon shares off by about 4/10 of a percent. not sure if it's a reflection of this or just what we've seen in the markets. microsoft is up by about $0.54, but this does raise questions about what's g

. >> who would have thought a year ago, though, jim, that vernovo and constellation energy, i spoke about this on thursday with mike santoli -- every year something surprises you. >> remember it was charging stations. let's not forget quantum computing, which is another one, the time may never come. scott, the foremost executive when it comes to nuclear ceo of ge vernova sat right there and told us 2023, 2024 -- >> no, 2030, 2033. >> ten-year gap. no one listened. everybody thinks it will be -- >> small modular reactors. >> there's one in canada. i don't want to encourage people to do these things. not encourage to do quantum. stick with the facts. >> sticking with the facts means what, then? encouraging people to do what then? >> well, let's look at the fourth -- the fifth best in the s&p. united airlines. now, these historically have been in trades. the airlines typically don't have discipline. they never take out capacity. they did take out capacity. problems with boeing. so, you get a stock that's up very big. and you say to yourself, it's only at nine times earnings. that's what i'm

jonathan: did not see a convincing bounce out of constellation energy.as looking at the same thing yesterday. did not see a convincing bounce. lisa: jp morgan indicated this was the one area they are rethinking as a result of some of the efficiency -- not necessarily the chipmakers or the big tech players. that is what we saw play out yesterday. jonathan: asml positive by 9%. a federal judge blocking the trump administration from enforcing a new directive to hold trillions of dollars in federal spending as president trump is offering buyouts to federal employees that will not comply with his demands that they return to the office. this could have big economic consequences. lisa: and constitutional once too -- ones too. the president wants to establish constitutional precedent ahead of big changes. i was looking back to the 1970's were nixon came out with a host of different campaign issues, different budgetary issues he passed. congress passed something saying we have the power of the purse, not you. this is something donald trump says he wants to challe

saw a huge collapse in the merchant utilities, the ones with clean nuclear power like vistra energy constellation, which dropped 28% 21%, respectively. so by opportunity selling opportunity. how about a do nothing opportunity? because i just don't know. as always, i told investor club open hand right. what i'd be doing with the travel trust, but i didn't really have all that much to say because nvidia didn't have much to say. now, nvidia in a way tried to help out in a positive i guess way with the release that said, quote, deep seek is an excellent ai advancement and perfect example of test time scaling. end quote. they also said that you still need significant numbers of nvidia gpus and high performance networking to make it happen. reassuring. i don't know. certainly not enough to get in front of this speeding freight train. >> all aboard! >> we do know one thing. every time anything bad happens to nvidia, you can bet all the negatives will be out there in full force, along with those who think that the benefit from deep seated, open source ai offering are going to move away or don't need as m

. >> constellation has the biggest nuclear energy fleet out there. energy provider. >> clean. >> and that's what the data centers want, julie. that's what aws and microsoft and oracle, they all want this. >> well, they want to have their cake and eat it, too. they want to be able to say that it's clean energy, but the thing is that they need baseload power that's always there, always on. that's not the traditional renewables we think of. nuclear is a much better option for them in terms of base load. and i think a lot of people are trying to couch natural gas as being clean. and i don't think i would necessarily call it clean, but i would call it cleaner, for sure, than coal. i think that's a real opportunity for them. and the thing that's important for them, for all of these utility players, is that the demand is going to enable them to be able to expand their capacity and charge higher rates with their regulators. remember, this is still a highly regulated area. that's really kind of critical to the growth story around this. >> only four public ipp