on the desk tonight -- tim seymour, karen finerman, dan nathan, and steve grasso. glad you're here. we're going to get the drop in oil later this hour, but first, a market move we hadn't seen in two years, the nasdaq rising another percent today, bringing its win streak now to eight days in a row. that is the longest since november of 2021. the s&p and dow now each posting seven-day runs of their own. those two indexes now within 5% of their highs for the year. almost erasing that summer swoon. let's check out the moves in the megacaps today. amazon, highest close since september. microsoft, record, apple, me meta,al fa get, all higher as well. is meanwhile, the equal weighed s&p far underperforming the benchmark again. it is back in negative territory for the year. so, does thisdy verve jens, tim, give you reason to pause? i assume you would be more comforted if all stocks were taking part, not just a few. >> well, we've been debating this over the last couple days. do you want the bred breadth in the patient, do you want to see it outperform the market weighed? owning the market,

on the desk tonight, guy adami, tim seymour, bonawyn eison and dan nathan we've got to start with the developing story on openai the company's board ousting ceo sam altman late in the day saying he was not, quote unquote, consistently candid in his conversations with them. shares of microsoft, openai's biggest investor dropping on the news let's get to steve with what we know. >> reporter: sam altman, the face of the generative a.i. boom and ceo of openai, he's out of the company. ohai board saying in a statement, quote, mr. atman's departure follows a deliberative review process by the board which concluded he was in the consistently candid in his conversations with the board, hindering its ability to exercise its responsibilities, adding they no longer had confidence in his ability to run if company the openai chief officer was named interim ceo. altman just putting out a tweet on x saying, i loved my time at openai it was transformative for me personally, and hopefully the world a little bit most of all, i loved working with such talented people, end quote, adding he'd share more l

on the desk tonight -- tim seymour, karen finerman, dan nathan, and guy adami. we start off with the market surge. 520 points today, closing near highs of the day, hitting a 52-week high on its final day of the month. lower than expected inflation numbers and salesforce contributing to the gains. the nasdaq climbing back from a triple-digit deficit to end the day flatlined. it's a november to remember, the nasdaq climbing 10%. semis up 15%, regional banks soaring 14%. small caps up 9%. the ten-year treasury yield plunging more than 40 basis points to 4.3%. so, what happens next here as we kick off the final month of the year? a lot of fed officials have signaled it is likely that the last rate is behind us, guy. >> i think it probably is. if you are been long stocks, a lot of people on this desk, even dan has talked about qs and twos. i have not been butbullish, butm not now. but i understand sort of what's going on. and that markup in the month end is almost comical, but it comes in the face of 18, 19 months of leading economic indicators deteriorating, a job m

on the desk tonight, carter worth, dan nathan, guy adami, and julie biel. we have breaking news at this hour. charlie munger, warren buffett's right-hand man and the former vice chairman of berkshire hathaway has passed away at the age of 99. he was just a month away from turning 100 years old. our becky quick looks back at munger's long life and his role in helping warren buffett becoming one of the richest people on earth. >> charlie munger was best known as warren buffett's right-hand man. their investing partnership dating back decades. >> i would say every time i'm with charlie, i'll get at least some new slant on an idea that causes me to rethink certain things and we've had so much fun in the partnership over the years, it's almost hilarious, it's been so much fun. >> buffet credits him with teaching him the importance of paying up for high quality businesses. >> when he weaned me away from the idea of buying very so-so companies at very cheap prices, knowing that there was some small profit and looking for really wonderful businesses to buy at fair

on the desk tonight, tim seymour, karen finerman, dan nathan, and guy adami. we're going to begin with a mixed bag of early holiday shopping results spending on black friday was up almost 8% versus last year cyber monday expected to post solid gains this year, too but heavy promotions and deep discounts have been the driving force to boost in-store traffic. the early winners so far include shop if i, etsy, amazon, as shoppers have been content to search for deals from their couch instead of braving the crowds the early winners here on the retail space have embraced buy now, pay later that was a big sub story today check out shares of affirm, the stock closing out the day up over 12% over the last 30 days, affirm is up 75% so, what does this seemingly mixed start to the season tell us about the consumer, the economy, and retail? and what to do with these stocks karen? are you surprised? >> i am a bit. we've heard a lot about the consumer being weak in the last several weeks and so, this would sort of fly in the face of that. one of the names shocked about etsy,

melissa lee, coming to you live from studio b at the nasdaq on the desk tonight -- tim seymour, dan nathan, guy adami and kristen bitterly. >>> the markets may have gotten ahead of themselves this week. shares of wall mart diving 8% they gave cautious guidance for the holiday quarter. but that wasn't the only reason for concern. new data showed home builder sentiment fell to its lowest point in a year. oil prices have dropped 5%, suggesting slower demand and weekly jobless claims rose to a two-year high so, does this mean that the soft landing investors seem to want to be priced into the markets may be a little harder than hoped? guy? >> yes, i mean, it's interesting. so, to answer that question, i think is yes the data suggests that things are slowing down the jobless claims is what you have to focus on this is now a trend, i believe, and i think we're on our way to somewhere between 4.5% and 5% in unemployment and it's not going to happen in a linear way i don't think the market will like that. getting back to walmart quickly. the quarter one fine the only one that might have been disapp

is there i heard dan nathan say he believes that microsoft will overtake apple in terms of market cap and never look back that's a comment i can't agree with anymore he's spot on with that i think microsoft, when we look at it and measure it relative to apple in the coming years, there is going to be such a remarkable distinction where the premium will be paid from microsoft, and clearly the situation as it relates to openai, i think now microsoft wins in any scenario whether sam altman stays at openai or whether sam altman goes to microsoft, they're going to be the mass. >> not like microsoft is trailing by such a dramatic amount in any way. jason, how would you answer that question what is at stake for this group, which has carried this market so far? >> so, you know, i think the major point, i think joe just alluded to it, my focus is on the cap apex being penspent on i i see many of the other names in the space, i think there is room for growth there is room for competition. my focus again is this material spend and programmatically what is happening, what is going to actually hap

melissa lee, coming to you live from studio b at the nasdaq on the desk tonight -- girner mann, dan nathan, guy adami, and sitting in tonight, danny moses, founder of moses ventures going to get more at the end of the market's long winning streak and that dismal 30-year treasury action in just a minute, but we start off with the biggest drag on the nasdaq 100. tesla dropping more than 5%. the stock nearly 30% off its highs of the year. the move coming after analysts initiated coverage of the stock with a reduced rating. slapped it with a $146 price targe target add to that increased competition in china beijing-based li auto posting sales growth of a whopping 270% in its latest quarter and posted better profit margins than tesla. the stock is well outperformed elon musk's company over the past year, but is china still an opportunity for tesla or are the hurdles too high to jump at this point? there are many people who have been bearish of tesla on this desk, danny moses, this is your number one short here. >> yeah, still is. i was here july 18th, i think, right before they reported their s

>> reporter: including nathan schmidt's naval academy classmate, dan cnossen, on his prosthetics. >> happy to make it to the top, and it was great to do it with everyone. seeing the kids climbing gave me a lot of inspiration to keep pushing. >> reporter: natalia zaremba's kids pushed to the top. she had come to austria to find strength within herself. but from the peak, she could see where that kind of strength truly comes from. "we have something that bonds us more now, some new achievements which we experienced together and that taught us to be braver and stay together because only together can we overcome this. our strength," she said, "will be from being together." also among the climbers at the summit was myroslav kupchenkov, who told us now he could do anything. >> what is your hope for them? >> my hope for them is that they can remember the achievement that they've had, and i also hope they can remember the stillness and the peace of these mountains. you can't hear the sounds of war here. you just close your eyes, and you feel like you could fly. >> reporter: even svitlana mel

i'm joined by band tell me more, i'm joined by band members eliza mills and dan salamandras and their friend and promoter nathan going to come to whom by fire first. now you were on the show in july and you explained what happened, but maybe just explain again, you were supposed to perform at the lee folk festival. yeah. >> yeah, we were. were >> yeah, we were. and we were informed that due to social media comments that we were weren't going to be welcomed there. and they weren't specific. >> you were you were raising concerns about the sexualization of children in schools, right? >> it was . i raised >> yeah, it was. i raised a particular concern about a certain book reading that's in pride were promoting, certain book reading that's in pride were promoting , which pride were promoting, which advocated for paedophilia . it advocated for paedophilia. it wasn't an over 18 event. i thought it was a fair enough thing to question . yes. and thing to question. yes. and nobody's denied that. that's what it was about . what it was about. >> my understanding is that you would you would seen some previous posts by one o

i'm joined by band tell me more, i'm joined by band members eliza mills and dan salamandras and their friend and promoter nathan'm going to come to whom by fire first. now you were on the show in july and you explained what happened, but maybe just explain again, you were supposed to perform at the lee folk festival. yeah. >> yeah, we were. were >> yeah, we were. and we were informed that due to social media comments that we were weren't going to be welcomed there. and they weren't specific. >> you were you were raising concerns about the sexualization of children in schools, right? >> it was . i raised >> yeah, it was. i raised a particular concern about a certain book reading that's in pride were promoting, certain book reading that's in pride were promoting , which pride were promoting, which advocated for paedophilia . it advocated for paedophilia. it wasn't an over 18 event. i thought it was a fair enough thing to question . yes. and thing to question. yes. and nobody's denied that. that's what it was about . what it was about. >> my understanding is that you would you would seen some previous posts by one