. >>> seema, tell us about ge vernova today?'s promised to invest about $80 billion in data centers fueling shares of ge vernova, key supplier of gas power and operative grids. seen in the buildout of data centers requiring a lot of power. the main reason ge vernova is accelerating its timeline increasing gas turbine orders and capacity overall. key topic at the company's investors day in december, ge vernova forecasting about 23 gigalots of new orders in the next few years. wells fargo calls conservative. shares at a new high trading in-line with wall street's price target of $370. >> good stuff. seema mody. >>> michael looking at nvidia here as we approach the close today, because 148.88. above a new record-closing high. at 149. right there. a handful of hours before jensen huang gives his keynote for ces in vegas. has been a stock-moving event. >> it has. dozens of new record highs in the s&p 500 since nvidia decisively went up into the 140s. actually cracked above 140 in june of last year. the big question is, did the market

ge vernova is going to reopen nuclear plants. you heard about reopening three mile island.runs. these initiated were so hard to build, they gave up. they are soliciting bids to rebuild these plants. a fortune, maybe they get it. they are pie in the sky. there's this other fuel that's in the here and now. it's a pure horror show. i'm the only one willing to go there. let's talk coal. when the president gave his address on monday, he declared a national emergency. coal is terrible for the environment. it was responsible for 33% of electricity. it's fallen to 15%. part of that is regulation. part is because they prefer cheaper natural gas. if we turn on decommissioned nuclear plants, something unimaginable a few years ago, and rusty is right about the price of natural gas goes higher, coal will have to go into the mechl. does it hurt that in west west and virginia and pennsylvania trump awards those who went with him? they are about to reap what the voters sowed. they mine for steel production and for utilities. the latter has been such a dog for so long that the u.s. companie

, and he confirmed to me ge vernova is working with all three companies involved in oracle, softbankted at more federal announcements tied to energy in the coming weeks, ge vernova will be playing a key role there, so a little bit of a tease. q4 earnings fall more than expected, and trump temporarily halting the permitting of wind energy projects announced yesterday only adds more pressure to the business, which currently makes up just about 27% of the company's total sales. he said it's very clear this administration is in favor of defashionable power, and that is where vernova is investing more. he adds customers are becoming more receptive to higher pricing given the exorbitant demand for powering data centers in exchange for faster lead times. we did see a bit of a holiday pause, but that doesn't seem to be worrying the analyst community right now. as to whether a.i. demand for energy starts to die off, he just isn't seeing it with orders out to 2030 and beyond. we're looking at the stock up about 3%, guys. >> yeah, i mean, on the call they talked about a doubling of their -- the

followed by ge vernova and sempra and d.r. horton. we check the bond market. that yield pressure continues to weigh on equities. the ten-year at the highest level since november of 2023. the 20-year above 5%. the benchmark at 4.77. it has risen about 20 basis points since the start of the year. we also want to look at energy. oil near a four-month high. take a look at the oil picture. wti trading below 80 bucks a barrel. you can see it has pulled back down almost 4%. a big rise here at the start of 2025. we're also seeing a bit of a rebound when it comes to bitcoin. take a look at the digital currency. it is up 4.5%. week to date up 2.3%. bitcoin trading at $97,000. yesterday, we saw it fall below $95,000. >>> that's the set up. silvia amaro is live in london with all the action. silvia, good morning. >> very good morning, frank. so far, we are looking at a different mood within the investment community in europe compared with what happened on monday. let me show you how we are moving across the european bourses at the moment. as you can see, we have green acr

and, of course, all of this is great news not only for ge vernova a, but for the white house as well.about working with the administration. >> we're motivated to serve this administration. when we see this administration talk a lot about u.s. competitiveness, u.s. jobs, using energy not just for the u.s., but for u.s. influence in the world, we're very motivated the serve the administration. that that's exactly what we're going to do. >> and you know what,? you know what america has a lot of? natural gas. and when you talk about energy independence, it's music to the ears of a certain president right now in his administration. and, by the way, just to give you a sense of the scale, i said i looked like an ant earlier, and that's how i feel. it's enormous. stuart: ashley, good stuff. we'll be back to you. the white house says trump's tariffs on canada and mexico are still set to take effect on saturday, this weekend. watch this. >> the president has made it very clear, again, that he expects every nation if around this world to cooperate with the repatriation of their citizens, and the

ge vernova, i love the company, i like love the i thiw at this. i love that we're talking about it.e will be so many opportunities among the energy, et cetera space now with president trump's push into energy independence. let me get to the hot topic of the hour. more of president trump's cabinet nominees headed to capitol hill today for their senate confirmation hearings. on deck, robert f. kennedy junior tow day. he's facing criticism over his stance on vaccines and abortions. he is intending to state he is not anticipa anti-vaccine but io safety. also appearing on the hill, howard lutnick and kelly loeffler. tomorrow, kash patel will face tough questions over how he would lead the fbi and tulsi gabbard makes her case to the senate intelligence committee. seems to me everybody gets confirmed tee even if there are questions around tulsi. i wonder if they'll do the vote behind bars. >> when you look at tulsi gabbard, there's no mistake she was on the left and then she joined president trump. she changed her policy, she changed her views and the number one question for tulsi gabbard

i also asked the ceo of ge vernova whether the news of chinese ai model on monday that shifted the marketch meant danger for his company and could it be a bad sign? he side competition is always competition and the need for power is there. take a listen. >> that's even more of a catalyst to invest and at the end of the day, taxpayers global competition and it's a global competition and more than my citizen and ge versus frequency nova have and we need to win. ashley: i'm trying to give you scale and never easy on television, limit there you are. i kind of look like an ant. the good news is natural gas, we have plenty of it in the united states, which of course helps towards energy independence and something the white house is hot on as you well know. liz, back to you. ashley: ashley webster, i love seeing assembly lines in plants. i get all jazzed up about that . oh, the turbines. geek alert. thank you, ashley, very much. breaking news and trump administration has just done an about face and white house budget office has officially rescinded the order from monday and all federal grants an

talk two yearsing a eaton and ge vernova. and it's important total addressable market for a.i. is $350 billion today going to $650 billion by 2029. doesn't include stargate. i think there's a lot of growth and you can play it through he technology names. >> playing it through the names you talked about? >> i do. >> vernova? >> one thing about data center. 11,800 data centers around the world. u.s. has 5,400 centers going to 10,000. you can play it through and amazon, number one hyche scaler in data centers. play it through broadcom and pure plays, or through names i mentioned. 1.8 trillion dollars of mega projects are expected throughout the world, according to eaton. only 16% have been started. so that's why i want to own tech but i also want to own the infrastru infrastructureplays. underappreciated. >> amazing. stocks that have done so well on the heels of his announcement. apple notwithstanding. positive by one quarter percent. bunch of downgrades. not a lot of positive sentiment going sgoo into the number. stock again. you used to own and sold last year. >> so out of favor

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 looking at. i like that. you know, look, when you can go find texas pacific land, which is this bankrupt railroad from a long time ago and it has permian oil, and they have a pipe out from permian because there's too many nat gas. i say, let's go with companies that are not overvalued and i thin

vernova among them hitting a record high, why? >> president-elect trump is expected to fast track the spending seen as power play for ge ver nova whichp5% boost. andrew open conducted an analysis and found there is an opportunity to increase pricing. the ceo scott savac said the most pronounced opportunity is in gas given the hyperscalers that are building out data centers. that is pushing up sales up about 111% over the past 6 months. >> thank you. julia boorstin, we have details in the last hour about microsoft making some job related news and you have details for us on meta as well, right? >> that's right. earlier today meta announcing it is looking to get 5% of its employees, lowest performers, with the goal of back filling those roles this year. mark zuckerberg saying in a memo, i decided to raise the bar on performance management and move out low performers faster. the company expects to reach 10% of nonregrettable attrition by the end of the current performance cycle and will quote, provide generous severance. meta shares ending the day down nearly 3%. shares were down before that news. snap shares are also off today nearly 7%