deirdre bosa. mike, i'll turn back to you.rious as to what you think about the -- you know, the fed chair is pretty confident that inflation is going back towards sustainable, i think, is the word that he used. gundlach thinks it may go lower than target, and he's been pretty consistent on that. "if we keep the price of oil around low 70s, we're going to see headline inflation below 2% in four to five months." >> i do think that's kind of where the math gets you. maybe at least on cpi. and sure, i think it was interesting in the press conference when powell was asked about the removal of that phrase in the statement where they had previously said they're confident that inflation is heading toward target, and he wafl basically said, no, that wasn't a coded signal to suggest we're losing confidence or that the trajectory has changed. i think the market took some heart in that. interestingly, too, he was also asked if they would like to see inflation go well below target for a while, send some time there because they had this ide

deirdre bosa. >>> all right. courtney, gap, ross, after the bell. what do we need to know?y time for retail. investors want to see if gap ceo richard dixon's changes are taking root for one quarter. he talk about shoring up the financial rigor which he thinks will enable the brands to grow and be reinvigorated themselves. last quarter solid. shareholders looking for continuation of that with the most important holiday quarter under way here. the street expects gap's third quarter earnings 58% on revenues of $3.81 billion. sales up 1%. last quarter old navy was the driver. has that trend continued? we'll have to see. ross stores also reporting the street looking for comparable sales growth stronger there 2.5% with earnings of 1.40 per share on revenues of $1.5 billion. tjx had a decent quarter, the soft guidance and marmax division that one more closely compares to tjx than its home good division when talking about the comparison between ross and tjx. td cowen is maintaining its buy recommendation for ross but cutting its price target to 177 to 18 a 5. shares of ross and gap

deirdre bosa takes a closer look in today's tech check. >> in other words, how they peaked and that'sversation gaining traction in silicon valley, the idea that rapid gen a.i. advancements are showing signs of deceleration and there was ben horowitz in the podcast. >> we are increasing gpus at the same rate, but we're not getting the intelligence improvements at all out of it. >> reed hoffmann made a similar point on another podcast and the information reporting that the increase in the quality of orion, that's open a.i.'s upcoming advance model is less than the quality jump between the last two flagship models gpt3 to gpt4, it peaked essentially because the models are running on data to train on. that could lead investors to question the way that they have been valuing a.i. companies. it could also drive changes in the a.i. hardware market and that is chips. in terms of who stands to benefit i want to go back to the similar post that shows chatgpt is one of the largest websites in the world by traffic and it puts it at 3.7 billion in october versus perplexity's 91 million versus goog

deirdre bosa.ing company trex had its best month since july for earnings and the ceo will join us next to break down the consumer and the health of housing. don't go anywhere. >>> welcome back. shares of the decking company trex is up about 10% since its earnings beat last week. the anticipated slowdown in the lower end did materialize and that spending decline was offset by sustained demand for premium products. joining me now on a first on cnbc is bryan fairbanks, the president and ceo of trex. good to have you. >> thanks, kelly. >> how long have you been at the helm? >> i started right as the pandemic was starting in april of 2020, but i've had over 20 years' experience with the company? wow. you started in april of 2020. so business went from terrible to fabulous to now how would we describe it? >> it absolutely took off during that time period and there have been ups and downs as we work through inventory and the channel in a variety of times. today i would say it is kind of moderating and i t

deirdre bosa, talk to us about lyft.ed to phil what uber was doing today, maybe in relation to tesla and the autonomous driving, but what do you see? >> well, lyft shares went the opposite way, they're higher ahead of that print on a bunch of autonomous vehicle deals, robo taxi complex hangs over ride sharing. investors swung between seeing robo taxis as an existential threat versus a boon that could establish ride sharing as platforms for the new age of driverless cars. that is the longer term. nearer term investors want to see healthy bookings, progress on profitability and color on the doordash partnership that could help them better compete with their larger rival. all of that said, scott, lyft is down 4% year to date versus uber is up 20% from that time. >> seema mody is watching qualcomm and arm. >> qualcomm will provide a gauge or smartphone sales, analysts are expecting the company to generate over $6 billion in quarterly sales, 12% year over year. the state of the relationship with apple growing concerns that ov

kate rooney, deirdre bosa and justin post, thank you very much. we appreciate it. >>> let's get to the other big story this week, and since the election, which is bitcoin getting closer and closer to hitting $100,000. just above $99,000 right now, in fact. it's up more than 40% since trump's win on the hopes of a more crypto-friendly administration, and that's not the only catalyst as michael saylor, the cofounder and executive chairman of microstrategy pointed out on "squawk box" earlier today. >> participants in the market are buying bitcoin 20x faster than the supply is coming from the miners. there's a major demand-supply imbalance and that's going to continue for the foreseeable future. >> well, my next guest agrees and says investors are actually still early in the game when they get into bitcoin now. joining us is hunter horsily, the founder and ceo of bitwise asset management. there's a lot of pent-up demand for bitcoin. >> yeah. it's remarkable, kelly. in some ways, it feels like bitcoin has been around forever now. we've been talking abo

they make the chips that make that possible. >> got it. >> deirdre bosa, thanks so much, deirdre, wereciate it. and stay right here. you are watching "nbc news daily." (♪♪) “the darkness of bipolar depression made me feel like life was moving on without me. then i found a chance to let in the lyte.” discover caplyta. unlike some medicines that only treat bipolar i, caplyta is proven to deliver significant symptom relief from both bipolar i & ii depression. and in clinical trials, movement disorders and weight gain were not common. caplyta can cause serious side effects. call your doctor about sudden mood changes, behaviors, or suicidal thoughts right away. anti-depressants may increase these risks in young adults. elderly dementia patients have increased risk of death or stroke. caplyta is not approved for dementia-related psychosis. report fever, confusion, or stiff muscles, which may be life threatening, or uncontrolled muscle movements which may be permanent. common side effects include sleepiness, dizziness, nausea, and dry mouth. these aren't all the side effects. in the darknes

. >> a lot of positioning ahead of solidification of those plans, deirdre bosa with our tech check today thank you. still to come on the show, a big day for retail, what are some of president-elect donald trump's tariffs hampering the holiday joy? we will dig into the proposals for that sector and others, coming up. >>> welcome back to "the exchange", a strong weekend month for stocks largely due to the postelection rally but preisdent trump threatening to put tariffs in place on his first day in office, let's dig into the names that could benefit and one that might be at risk. looking at winners and losers in the tariffs addition today, here with our trades ceo of grasso global and cnbc contributor. first of all, happy things giving to you and your family. let's start with walmart, shares were up 2% since the tariff announcement, j.p. morgan pointing out that there could be risk for the retailer as those levees could affect the toy industry. steve, do you like walmart or not and why? >> happy things giving to you and your family. i do like walmart. look at it, what other retailer would

deirdre bosa has been talking to a.i. leaders about this. dovetails nicely into this conversation. >> this is all it feels like anyone is talking about right now in tech. this this debate over scaling laws and a data wall continues to just rage in silicon valley. this is the idea that more data and bigger models will always lead to better a.i. with some arg talking that progress has peaked or starting to plateau. put another way, it's a debate over a core assumption in a.i. that could have massive implications for the industry from valuations to the gpuss powering it and the nvidia story. i was at a conference yesterday in san francisco. the theme of the day, every one from scale a.i.'s alexander waning to anthropic to data brooks weighing in. when jensen huang ways it in on the earning calls last night, you sit up and listen. he pushed back against the idea entirely. >> foundation model pre-training scaling is intact, and it's continuing. as you know, this is an empirical law, not a fundamental physical law. the evidence is that it continue

deirdre bosa for tech check. la-z-boy, management warned about continued spending softness.tial headwind could be tariffs. the shares are lower today. we will discuss it all with the ceo, next on the exchange. policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direct. they explained life insurance is a valuable asset that can be sold. we learned we could sell all of our policy, or keep part of it with no future payments. who knew? we sold our policy. now we can relax and enjoy our retirement as we had planned. 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 wo

plus, deirdre bosa on why good news for tesla is taking down shares.analyst call. >> yeah, mike, up about 10% today. it's been continuing this post-election rally. we've seen in robinhood. that analyst upgrade, though, appears to be the driver today, so you had needham upgrading robinhood to a buy, about 40% upside baked into that call today. analysts over there writing that robinhood is positioned to be a major beneficiary, they say, of more positive regulation within the crypto space, while emerging as a leader in its equity and options offering. they also point out that robinhood has had to kind of play it safe on some of the product offerings to try to avoid enforcement action from the s.e.c., but under a new s.e.c. chair with president-elect donald trump, that could allow the brokage firm to launch products a bit faster without fear of retribution. they were issued a wells notice by gensler's s.e.c. on crypto in particular. it has been reported also that dan gallagher, robinhood's chief legal officer is now leading the short list for trump's s.e.c

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deirdre bosa >>> here's your last chance to guess the mistry chart. a sneaky way to play offense in your portfolio thanks in part to pricing power. i'm going to find out thnae me of the guest and tell you who got it right and then speak to the analyst behind the call right after this. >>> check check-- tech check, powering possibilities. >> my game is original. my style is original. why would i wear the same kicks as everyone else? elite performance, all-star quality and they are sketchers so you know they are the most comfortable on the court. >> so much space. open kitchen. >> how can you sell your house when we are stuck on a space station? >> it gives you the flexibility to sell it and buy on your timeline. >> what is at stake when administrations change? we understand the geopolitical economic and regulatory impacts that companies face. >> new president, new heads of agencies, new members of congress with policy priorities. >> the election will shape the future of business in unforeseen ways. >> now's the time to do modeling, assess legislation a

our own deirdre bosa is live in san francisco with a very special guest.ople understand the intersection of washington and technology like he does. after working as a political strategist in the clinton white house, chris came west first with airbnb and then in crypto and now at open ai at a time when the industry and government are trying to get their arms around ai policy, chris. it's really wonderful to have you. >> thank you for having me. really nice to be here. >> let's get to what's happening right now. what do you make of the results so far? >> well, you know, look, i'm someone who goes way back to the 2000 campaign. i was al gore's press secretary. and those of you who may remember 2000, i was sitting next to the then sitting vice president when he was declared the winner. and then 30 minutes later, they changed it. so i think as we sit here now and see where the trends are and what we have seen from some of the numbers come in, i still think it's too early to make a prediction on this. i think what we are seeing thus far is a lot of the results a