one of them is related to foxconn.he company reported the highest ever fourth quarter revenue up 15% on the year to $64.8 billion. now, the apple and nvidia assembler cited strong a.i. demand and forecasted significant growth in the first quarter sales. also on friday, microsoft announced plans to spend $80 billion in fiscal 2025 on the construction of a.i. enabled data centers. that is propelling momentum for chip stocks across european space. let me take a look. we have asml up 4%. asmi up similar levels. infineon is up 6% at the moment. i want to discuss what is happening in the european markets and beyond, really, with my next best.guest. ben richie. happy new year. good to see you. >> good morning. >> first of all, i would like quick reaction from you in what we are hearing this morning in it terms of pm is. they are coming in as we expected expect ed, but we are seeing pressure for france and germany. how is this impacting the markets for 2025? >> i think we are seeing what we have seen the past couple of years w

global chip stocks jumping overnight after foxconn reported a 15.2% jump in revenue.r mike johnson winning the vote to retain his gavel. now he's reviewing how republicans plan to tackle president-elect trump's legislative agenda. we have details on that straight ahead. >>> plus, united airlines accelerating a plan to bring starlink in flight internet to its airplanes. it's monday, january 6th, 2025 and "squawk box" begins right now. ♪ >>> good morning, everybody. welcome to "squawk box" here on market site in times square, i'm becky quick along with andrew ross sorkin. joe is out today. >> happy new year. >> great to see you. let's look at how the u.s. equity futures are shaping up at this hour. there are modest advances, dow futures up by about 7 after closing down on friday. s&p is up by about 26, it had an up day on friday, up by about 1.25%. the nasdaq had its best day in two months back on friday. you are looking at significant gains, up 1.75%. all three of the major averages did close lower. if you are watching for that santa claus rally at this point, no, not

that includes nvidia, which supplies ai servers to foxconn. it rose to a record high close, with shares climbing more than 3% and nvidia's closest rival, amd, closed higher. alongside us chip firms, firms qualcomm and broadcom. and as chip makers surged, other major indexes finished the day with mixed results. dow jones slipped 25 points. tech heavy nasd added 243 points and s&p climbed 32 points. meanwhile, shares of fubo tv surged 200% after it confirmed a merger today with hulu plus live tv. well, as we've mentioned, large parts of the country are dealing with heavy snow. how pandas, though, are ah. behold, a glorious round table pepperoni pizza. huh ? hah ! well, behold ! the pepperoni and grilled chicken..... what the...?? mm hmm. behold, the pepperoni, grilled chicken and bacon pizza from round table. three magnificent toppings. grilled chicken, pperoni and sizzling bacon. try it at round table pizza. old pandas at the national zoo are basking in the snow. look at these shots. giant pandas bailey and king bao were all smiles today after

record revenues from foxconn sending semi

remember there was that big announcement with foxconn, this taiwanese company that was going to to build a manufacturing facility in wisconsin, and it never ultimately materialized to what it was announced to be. so with all of these announcements, you have to watch and see what actually comes to fruition. but certainly something that we've heard from a lot of tech leaders say that this is something that is needed in the united states. a coordination with the federal government on these issues. so we'll be watching that closely. but this comes after the president just met with congressional leadership here at the white house. republican congressional leaders. and that's a big thing to watch as well, jake, because we saw all of those executive orders being signed yesterday and there were many and they will certainly have impact. but also a question of legislatively, how trump is going to achieve his agenda. and all of those campaign promises that he made. >> something that was not a campaign promise. but you're now reporting within hours of taking office. he did. donald trump revoking the

shares in foxconn are gaining this morning after they reported better-than-expected results on strongerur asia technology reporter for the details out of taipei. this seems to be bolstering expectations around their ability to profit from ai. >> right. as you know, they are a major assembler for nvidia servers. it is actually the biggest in the world so it's been closely watched to see the future of the build out. i was surprised and i guess so is the market that they had such great sales in december because this is not a quarterly earnings report but a monthly sales report and brought together we get a picture of the fourth quarter, which sales were up 15% , exceeding analyst expectations and that is thanks to a 40% monthly sales growth year on year and so that is spectacular and they are also saying that the outlook for the first quarter will be significant year on year so that is giving some breathing room for investors who are worried. it was single-digit growth for november and october and so it was quite a surprise. i thought they would miss that outlook. >> what do you read into

we mentioned foxconn at the top of the hour.hing the major indices around because of the importance of the semi conductors. i think the tariff story is more important. remember there were reports that the trump administration could be planning to narrow the focus of the tariffs. perhaps we're not talking about 60% on china which is 25% on canada, mexico. perhaps we are talking about a targeted tariff. there are certain sectors that are reacting to this. for example, materials for example, aluminum manufacturers. those companies could be very vulnerable because a lot of the production occurs outside of the united states. century aluminum, kaiser, and other names like freeport, these are all moving very nicely. these are all moving on the tariff story or reports about the tariff story. elsewhere, take a look at the discount retailers. they are also very vulnerable because they have a beer reliance on imported goods. dollar tree, dollar general, five below, walmart and even some of the electronics manufacturers, best buy for exampl

foxconn saw december revenue rising and expects significant sales growth in the fiscal first quarter.ns to roll out an improved version of its product to help mobile devices keep up with the rising power demands for ai. the tokyo-based company says it will begin mass production on the batteries late summer. samsung is adding a new suite of features. the electronics giant is set to premiere vision ai including a processor to analyze content. coming up, more on ai. sam altman, diving into his four-day firing, chatgpt. it is a huge investigation done by bloomberg businessweek. this is "bloomberg technology." ♪ caroline: today, we bring you the latest from exclusive bloomberg businessweek interview with sam altman. he discusses his infamous firing, how he runs openai now, his plans for the trump presidency, and relentless pursuit of agi. mark milian is part of a deeply reported out q&a. it starts with the key moments. sam altman discussing when he started thinking developing agi. what was the jaw-dropping moment for you? >> i think the thing that surprised me the most is when he is given

not like the foxconn spoof of wisconsin that never happened. couldn't they iron this out? >> there is more to aspire, like with cleveland cliffs. i think you cut deals with the japanese counterpart that would make this more palatable from that perspective. but on national security counts, i don't understand that objection, i don't get it. i agree with jason in substance but not in tone. >> surprising was the tone for me. u.s. steel is part of the fabric of pennsylvania. philly has the liberty bell and pittsburgh has u.s. steel, what is your take on the whole thing? >> this is the problem about making policy based on nostalgia. it sounds like the kind of decision that donald trump would have made. because it is named u.s. steel and because in the '80s it was something we were so proud of turning around. i can't imagine donald trump would do anything to reverse this. probably in the same way that joe biden kept a lot of the donald trump tariffs. it seems like there really is no end to outbidding people on populism with no real sound economic basis. this is just a bailout to

their partner foxconn builds most of the iphones we use around the world.y are trying to do more with india too. it's important either for their manufacturing operations, their research and development, or in some cases the marketing of their businesses. mike: peter elstrom, thank you. coming up, data bricks gets over $5 billion in financing from lenders. we will have all the details next. this is bloomberg. ♪ ♪ only the servicenow platform connects every corner of your business, putting ai agents to work for people. like secret agents? no, more like autonomous minions that you control. to do what? well, jim's agents resolve simple customer issues. and patty's agents flag network problems. —proactively. —yup. i'm lovin' my agents. wait, you all have agents? oh yeah. and on the servicenow platform, everyone's agents work together so everything works better. can i have agents? maybe. ♪♪ mike: software maker databricks has clinched more than $5 billion in financing from lenders, including blackstone, apollo and glue al cap according to sources -- blue owl capi

record revenues from foxconn sending semi names higher. nvidia notwithstanding. not the only name. lam, and others. big winners. uber higher as well today. company announcing an accelerated share buyback. united airlines surging saying it will test elon musk's starlink for wi-fi on its flight next month. watching treasury yields. big story today. ten year hovering near 461. watch that story closely, because former dallas fed president robert kaplan will be here for his outlook on the fed, rates, the economy and more. it takes us to our "talk of the tape" back on the run. nvidia appears to be there. stock to close amove 150 a share first time since november. closing record high as well. cnbc's kristina partsinevelos is here with more. nice to see you. what do you think we should expect? >> should expect the fact he'll change the narrative again. building momentum around the stock, driving the a.i. theme. last year ces shares jumped 6% day one. this year we focus is on a.i. data centers. specifically blackwell. promised ship moreblackwell platforms than originally this quarter. looki

. >> foxconn firms that armed services committee chairman roger wicker and jack reed of rhode islandtudied the customary documents the fbi prepped for the transition team about hegseth. reid wonders about his readiness for the job. he is not the only one. >> unfortunately, deeply troubling to put it generously. >> mike lee scheduled a hearing for interior secretary doug burgum for tuesday but nixed it until thursday because of what he called an unacceptable bureaucratic delay a hearing slated for doug collins tomorrow also postponed due to paperwork. other big hearings come wednesday for attorney general nominee pam bondi, khs secretary nominee kristi noem and secretary of state nominee marco rubio. he could be the easiest to confirm, maybe on inauguration day. bret? >> bret: chad pergram live on the hill. chad, thank you. stocks were mixed today. the dow surged 359. the s&p 500 finished ahead 9. the nasdaq lost 74. >> up next, as president biden steps off the world stage, has he strengthened or weakened america's image abroad? we talk with brit hume. ♪ ♪ did you take your vitamin to

remember, today, earlier, foxconn, the big taiwanese tech manufacturing giant had their best fourth quarterver, beat expectations, all driven by a lot of demand for ai. supermicro computer continuing that trend, up 10%. micron shares up 11%. applied materials up 5% as well. and of course, we're all waiting for nvidia ceo jensen wong's keynote out in vegas later on today. there's a lot of stuff going on. you get the idea. ai is kicking off 2025 on a very strong note, kelly. >> dom, thanks very much. >>> the chips are one of the catalysts for the markets today. there's also that "washington post" report earlier that tariffs could be paired back or universal than trump said on the campaign trail but the president-elect since called that report fake news. both of my next guests agree whatever happens on the tariff front will have major consequences for stocks, bonds and currencies. welcome to you both. john, i'll start with you. it's kind of a weird thing where whatever you think of the direction of tariff policy -- the way that i see it, i see more analysts warming up to the idea that that mig

foxconn who make semiconductors in the world reported record revenues.re's some reasons to be excited and watching posted an article this morning basically saying trump's tariffs aren't could be so bad and so widen compensating he says otherwise. but the post is citing 3 officials close to trump and his administration sent probably as bad of note. markets are closed thursday celebration of tim right? right. we'll be following that as well here on the kron. morning news. >> let's talk tech because you brought cs of where you can see all the cool electronics that are going to be for sale some day. i guess. and then what's happening? tech wise with the united and flying is just gotten a lot it easier to take a long flight. >> yeah, did some things that give the keynote tonight at sea for cs, which basically right 4 days tuesday through friday, last year he had robots on stage with michael 11. different robots may look pretty killer. pretty cool. what we do today to surprise us tonight at starlings also got some headline news site jumping into the life. i un

or the the foxconn plant in wisconsin, that was supposed to be a huge job creator that never materializedyou know, the rhetoric is is one thing, but the reality is another. and i think, you know, threatening, threatening tariffs that are ultimately probably going to drive up prices for american consumers, that's going to create a real political pain point for him very quickly. and he's going to have to make decisions about whether he is whether the rhetoric is worth being, looking the american people in the eye and saying, you know, prices are going up because of what i did. and so i, you know, it's easy to it's easy to to bluster in your virtual address to davos in the second week of your presidency. but the reality of some of what he's proposing here, um, will mean higher prices for people in the united states. >> just a really quick point on this, though. when is this happening? like in the first administration, trump 1.0. it was a year a little later into the administration. he was getting his feet under him. this is now what we're seeing is a confident donald trump. and we're seeing

>> so when i cover trump in his first administration, there was this huge announcement around foxconn. they were going to build this electric factory in wisconsin. it's this taiwanese maker. and there was all this publicity around it. it was a big white house push. they encouraged reporters to talk about it, and then it never ended up materializing, certainly not in the way that it was touted. it did not create anywhere near as many jobs as they said initially. and so when this came out yesterday and trump was in the roosevelt room making this announcement, i reminded people that this did happen before. and with these announcements, you kind of have to wait and see what happens before you go too far. now, on this one, we don't know. this is a data center that they're creating hoping to to kind of expand infrastructure in the united states when it comes to artificial intelligence, because people like sam altman, who was standing next to trump in the room yesterday, have warned we're way behind china when it comes to the a.i. race. but elon musk is pouring cold water on this idea that t

. >> foxconn would like a word which was the company, the taiwanese company that said in trump's firstm they were going to build an electric factory in wisconsin that made all these had all these jobs, and it never materialized anywhere near to what they announced. >> yeah, it happens sometimes. and so as just a pr matter, my advice if you showed up with the president and you say you're going to do something, you should do it. i mean, it's a huge number. i mean, $500 billion is a huge number. so i hope it's true. i mean, it would be good for the country if it were true. but again, i think, you know, elon obviously has some information in this space. and i don't you know, ultimately. >> this is a double edged sword of elon musk. right. because on the one hand trump has benefited from x and twitter and and him using his very big megaphone to sort of tout donald trump. and he really gave him a lot of money for this election. but there is the other side of this. there's the other side of this, which is like, he's got this big megaphone and he can use it in any way that he wants. and he hap

. >> meantime, take a look at this story, foxconn posting its highest ever revenue for the fourth quartern strong demands for ai servers. jumping 15.2%, $65 billion in total. global chip stocks jumping on the back of that report. you can look at them, pretty much across the board asm international up over 4%. taiwan semi up 4% as well, nvidia up not as much, about 2% and micron a little over 3% right about now. >>> yesterday president biden signing the social security fairness act, that's the bipartisan bill that clears the way for increases in benefits for public sector workers like teachers, firefighters and policemen who also received pension income. it repeals two provisions that have been in place for more than four decades that reduce social security benefits for those who receive pension or disability benefits where social security payroll taxes were not withheld. more than 2.5 million americans will receive a lump sum payment of thousands of dollars to make up for the shortfall in benefits they should have received in 2024. that bill was passed by the senate on december 21st with

last time we saw foxconn, we see he makes his big splashy announcements about what's going to happen.at don't. >> fall through. so even on that alone. >> tens of thousands of jobs plan in wisconsin. what's your take on all this? >> i think the white house is for sale to go to the original question. it started with russia, if you're listening, and it ended with jared kushner's $2 billion saudi investment. and now we're. >> i think it's up to 3.5 billion. >> yeah. now we're in his second administration, where donald trump is surrounding himself by a bunch of doj's. he started with with musk and ramaswamy as his two doj's. he just lost ramaswamy. he's bringing in altman. he's bringing in others. but the truth is he's going to manipulate them and they're going to manipulate him. and we're going to see democracy for sale. i mean, the big progressive conversation here is to get money out of politics and get corporate america out of the white house. >> you know, yesterday was the 15 year anniversary of citizens united, and that's what brought us here tonight. gentlemen, thank you all very, v

foxconn has seen a 15% jump in revenues. that's involved in the story.l spend $80 billion in the coming fiscal year. last year they spent 50 million so the mega capex story remained and it is emboldened again that microsoft for the fiscal year. gm, the deliveries in china jumped by 40%, quarter on quarter, 600,000 year end. china, complete in the year end they sold 50% of those sales in china in the ev space and half of their annual sales were in there. just a fact for the day in the u.s., toyota sold one million hybrids in the ev's last year. this company sold 114,000 and they don't have a hybrid. go figure. jonathan: manus cranny, thank you. lots of news to get through. under surveillance this morning, antony blinken hoping to broker a cease-fire deal in gaza before the end of the biden administration, telling reporters that they want to bring this over the finish line in the next two weeks. elsewhere, new york city drivers paying nine dollars to enter the busiest part of manhattan, the first regular weekday of the countries first congestion pricing pr