that comment courtesy of craig moffett. a rare downgrade to sell the stock. he makes his case just ahead. >>> morgan stanley called cyber arc a beneficiary of the treasury act. the ceo joins us with how they are hoping the footprint will expand with a new administration. >>> let's check on the numbers. >> the reason why you and i and everybody talking about the ten-year is because it's the highest level since open is one of the reasons why you see markets under pressure right now. the rising rates not good for valuations. look at the dow industrials, down 70 points. 42,641 is the level for the blue chip. broader s&p 500 is now back below that 6,000 mark. 5,934. two-third of one percent decline. look on 5,950 the medium term 50-day moving average. below that level and just to give you perspective here, at the highs of the session, we were up 25 points and down 56 at the low. keep an eye on the particular ranges today. the nasdaq composite, tech heavier side, down 1.5%. the laggard, that's 289 points to the downside, 19,576 is your trade on the composite index.

craig moffett is now one of those bears writing as great a company as apple is, the outlook for shares decidedly unattractive craig joins us now for more. let's talk about why it is decidedly unattractive. what is that about? craig: it's mostly about valuation. by the way, i think you would have been fantastic the treasury. lisa: that's an endorsement. craig: that is an endorsement. this is a valuation issue. apple is a great company but it is not a broken company, it is a broken valuation. the point we were making as apple has appreciated particularly in the last six weeks or so of 2024, there was all this commentary about the fact that apple was sort of melting up with no real news. in fact there was a lot of news, and it was bad news. you had very negative reviews of apple intelligence and lukewarm sales reports coming out of both the u.s. and china for the iphone. you also have the introduction of retaliatory tariff risks when donald trump was elected, and over the time since we had initiated coverage back in august, you had the judge in the google case come out and specifically sa