grasso, do you see any lift in 2025 any relief >> yeah.mp were not in favor of the nippon deal, i think you're going to have to see trump go out of his way to offer incentives to the industry, and to tim's point about it should be in the stock, if you look back in october they warned similar to what he said now they warned back october 21st they need a couple of things they need lower rates, more construction and more automobiles and construction accounts for 60 terse of the revenue and lower the rates and the construction should, in theory, increase and they're looking to trump to sort of keep away foreign steel and raise prices however he does that, i believe he will find a way to do it. i'm long letter x, and i'll add it today. >> all right up next, final trades. we earn your trust. maintain our financial strength and stability. and deliver solutions that meet complex needs. massmutual. partnering with financial professionals, benefits brokers, and institutions. growing your business is easy once you know the moves. with godaddy website

cnn's john miller joins us to, as does new york city judge george grasso.od to have you all on, john. i want to begin with you because you're learning new details about this tug of war to some degree, between federal and state prosecutors. >> well, that's right. and what we've been following today and really, since last night is kind of a tug of war between the united states attorney, the federal prosecutor in manhattan, the place where elie honig used to work, and the manhattan district attorney. so this morning they were set up with barricades in front of 100 center street, the state courthouse. the judge was up on the 13th floor, arranging where a camera would be to shoot the arraignment. there was a special arrangement made to book the prisoner in the district attorney's office, and by mid-morning they found out he wasn't coming to be arraigned in state court by the district attorney on an indictment of felony murder charges, including murder in the first degree. instead, he was taken into custody by the nypd and handed over to the fbi, and he was going

a week after this case. >> judge grasso, great to have you

grasso global, steve grasso. palantir, it was on the new york stock exchange until recently.and the stock surged more than 300% this year and top performer in the s&p 500. you now favor this and didn't recently? >> that is true, tyler. i did not favor it. i thought it would be in the target of the department of government efficiency that musk and vivek are leading. 35% of the revenues derive from the government specifically and dominantly from the u.s. government. if those margins are at risk, the stock should go lower. when i start to see elon musk make comments about the next war will be fought with drone swarms versus jets and palantir is tabling with jv's in the drone department, it makes me think there could be an underlying bid with the name, and artificial intelligence on one hand and drone technology on the other hand, and put them together and government will be their lead, knocking down their door for the investment company and they have the ability to expand their commercial business as well. i'm 80% there, but for the purposes of this segment we will call this one

just with respect to a jury being very troubled and making a decision. >> you know, judge grasso, asyou know, you're on the subway and you're on one of those cars. and if there's somebody on the car who is you know, screaming and threatening, it's a it's a scary thing. and as a new yorker, you know, you want citizens to stand up and help other new yorkers. this obviously, no matter what happens, has already sent kind of a chilling message. >> i was on the subway on the six train about a week after the penny incident, and i was on there was a guy who kind of fit the description of penny, but not penny neely, about ten years old or 15 years older. he was talking about stabbing people's eyes out, and he was talking about that on the train on the train. and i stayed on the car when i could have gotten off because there were all the women. it was around about noon or something like that. and, and i was watching the guy out of the side of my eye and having to think if he acted and i was going to act, that i would have been in his situation, but i didn't. he followed me on the escalator and

on the desk tonight -- tim seymour, steve grasso, guy adami and julie biel. >>> we start with google. they announced its quantum chip willow computed an equation that takes ten to the 25th power years. this is hailed as the next frontier of uber high technology. some hope it can provide answers to space travel to the origin of the universe. but so far, there are no real world applications. still, the break through sent shares of alphabet surging more than 5%, adding nearly $120 billion to its market cap. does this milestone give the megacap a leg up in the big tech race? does it make sense that we added so much in market cap to google for a technology that has no commercial application yet? guy? >> i think what it shows, google's not as far behind the eight ball as the market thought a few months ago, and the fact they are probably still in the pole position, and on valuation, you can make a case still despite today's move. and i think that $191.75 is in the cross hair. good for google. there have been some missteps, not necessarily from them, but the market around them, but people ar

on the desk tonight, steve grasso, dan nathan, guy adami, and carter worth. >>> conductor stocks surging today. we'll dive into those moves in just a moment. >> as you're seeing there, but first, staples down today, the worst performing staple in the entire s&p. outsized losses in walgreens, dollar general, that coming as ten-year yields tick higher again, briefly touching the 4.6 mark. again, a level not seen since late may. the dollar also trading higher, trading near more than two-year highs at this point. so, what do all of these moves signal is in store for the new year? dan, please kick us off. >> i know we're going to focus on chips a little bit. that's where folks expect leadership to be. there's one secular ship that seems to be driving technology. so, i think about taiwan semi, you know, they are in the cat bird seat as it relates to manufacturing of high end gpus. a lot of folks think that nvidia and broadcom are going to continue to lead there. money came out of nvidia, clearly into broadcom, if you look at the smh, the etf that tracks the semiconductor space, seems to be goi

we spoke with the retired no, criminal courts judge, george grasso.nd he says this entire case is really a failure. not only to daniel penny, but also to jordan neely who had a documented history of mental health struggles lengths criminal record. and was battling schizophrenia when all of this unfolded on the subway last year. let's role that. he would have been incarcerated. but incarcerate him. he would be alive today and mr. penny wouldn't be in this situation. so the criminal justice system has a lot to account for. and i think. some extent mr. penny is being scapegoated. >> there was objection from the defense on whether jurors should be allowed to deliberate on this lesser charge. defense attorney thomas coercive at this point trying to preserve all of his on appeal but the big take away from today, laura, is that daniel penny the marine veteran charged in this case, his future hangs in limbo at this hour. back to you. thank you very much. claypool and saltman both criminal defense attorneys. brian, i will start with you, the judge dismissed th

retired new york city criminal court judge george grasso tells us the system has failed neil lee and penny. jordan neely jordan neely a lengthy criminal record and battling schizophrenia when the soul and folded. >> that case was dealt with properly to begin with, he would have him incarcerated, treated but incarcerated. he would be alive today and mr. penny would not be in this situation. the criminal justice system has a lot to be accounting for. to some extent, mr. penny is being the scapegoat. >> we have learned jurors are now in a lunch having a lunch break. we don't know if they will deliberate through the lunch break that we know they do have a new note for the judge we will learn what his hands a note to 2:15 p.m. local time. >> sandra: an hour from now, cb, thank you, john. >> john: sandra appeals court upheld a law to ban tiktok if by chance does not sell its stake in the app. the move is another setback from the massively popular social media platform tiktok and bite paints expected to appeal the situation to the united states supreme court. more on this later in the progr

i know steve grasso talks about this. they are a $650 million company.uarter of that in cash or cash equivalents. that suggests they have some runway here. they probably burn $20 million a quarter or so. you ask the question, will they be able to go this alone. the suggestion is that they are open to a partnership. >> i thought the suggestion was if he was open to everything. >> or that. >> which is interesting. >> what has been interesting for me is to watch the lilly bivens. lily has bounced quite nicely in the last week or so and where expeditions go back to more of a reality, a lot of people traded out of this, i know it is still a crowded trade. the lily over amgen move, i would reverse that. i think amgen was overdone. >> we got a news alert on president-elect trump's pick to lead the dea. check on after pulling himself out of the running, saying "been chosen to be the administration enforcement administration is the honor of a lifetime," but says there is more work to be done for hillsborough county, florida and initiatives he is committed to fulf

it is time for the traders to lay out what they think is the chart of the year for 2024 steve grassoyou have to go, for me, you have to go with miko strategies and if you look at how it is outperformance with the underlying bitcoin, it is probably a 3 1/2 to 1 outperformance this could be the chart of the week and the month and the year for these purposes. it will continue to be the chart of the year for me. >> are you in micro strategy over bitcoin >> i'm not in micro rategies now. would i rather i probably should be in micro strategies but i don't like it. it burns both ways the 3.5 outperformance to the down side so i would rather be in bitcoin, i know what i'm buying. >> tim. >> my chart is the s&p but the relative under-performance of equal weighted s&p so if you look at what equal weighted as done throughout the year first of all, lows against the s&p, the broadening of the market that we were so excited about, almost an 8% move in july of equal weighted and value played and the broader market which is since thanksgiving has been a straight nosedive lower so this ratio chart sh

. >> mangione's family friend, santo grasso told the wall street journal he felt the family was blindsidedhe news of luigi's arrest. mangione also wrote about his mom in at least one online post, according to the wall street journal. in an online book review, he remarked how his mother would make him eat steak with his right hand even though he was left hand dominant out of adherence to social norms, clearly out of touch. according to the pennsylvania department of corrections, mangione has spent most of his time behind bars alone, continuing to take all of his meals by himself in his cell. a prison spokesperson saying while mangione has received money for his prison commissary account, dozens of emails and new tonight, more than 50 letters. still, the spokesperson says no family have visited just attorneys. now, erin, i'll say once again, i reached out to the family for comment for this story, but i did not hear back, though, as you noted in your intro, we did learn from cnn's kara scannell through sources, that the family is the one that is, in fact, paying for that high powered defense

on the desk tonight -- tim seymour, steve grasso, courtney garcia and guy adami. >>> the second-best performer in the stock index and added 220 points to the dow today. all three indices hitting all-time highs today. marvell technology surging, and servicenow up more than 6%, after the company announced an expanded collaboration with amazon web services. some of these moves, tim, might be silly, in your words, but they are happening, and software is really taking the lead here. >> i think that was a word i used when we talked earlier in the day, because if you look at the move in snowflake, we'll talking about 60%, okta, it's 40%. the move in palantir has been nothing short of stratospheric. they had fresh government contracts, approvals. they've gotten some accreditation that scholes they can take even more of the government's money. but what i do think is legit about this is, we talk about the broadening of the a.i. trade, and while this isn't a new idea, a lot of these companies have been in and out of that trade. i do think you're starting to see some real follow through from the

we spoke with retired new york city criminal court judge george grasso, and he says this entire case is really a failure, not only to daniel penny, but also to jordan nealy, who had a documented history of mental health struggles, a lengthy criminal record and was battling schizophrenia. when all of this unfolded on the subway last year. let's roll that sound. if we have it. >> if that case was dealt with properly to begin with, he would have been incarcerated, treat him but incarcerate him. he would be alive today, and mr. penny wouldn't be in this situation. so the criminal justice system has a lot to account for. and i think to some extent, mr. penny is being scapegoated. >> there was some objection from the defense on whether jurors should be allowed to deliberate on this lesser charge. defense attorney thomas kenneth, putting in the record that he feels it's coercive at this point, trying to preserve all of his rights on appeal. but again, the big takeaway from today, laura, is that daniel penny's fate, the marine veteran charged in this case, his future, hangs in limbo at this

. >> judge grasso, great to have you greeting and welcome to the source. >> there is breaking news on this friday night and the massive manhunt for a killer. i want to get straight to to cnn's senior crime and justice correspondent shimon prokupecz, who is joining me now with new reporting. shimon, tell us what you're learning. this evening, as this manhunt is very much still underway well caitlin, we're just learning now, my colleague, our senior justice correspondent evan perez, and i that the investigators in this case have been homing in on a possible identity of a suspect. >> now that doesn't mean that this is in any way some person that we can identify or that the police are ready to identify. for many reasons, as they continue to work through this investigation and trying to both locate the person and identify the person. but they have been spending some time trying to learn about this person, gather more information but caitlin, they are not yet at a point where they can say that this person is the suspect, that this person is the one that they want to bring in, and question.

retired new york city criminal court judge george grasso explained to me what makes this case so hard for jurors. >> well, that's that's the reason why this is such a hard case for jurors acting in good faith based on the evidence presented in front of them. they start off with the premise that the defendant in this case was a good man, trying to do the right thing and act as a good samaritan and help people, and now they're being asked to convict, potentially convict this man for manslaughter and or criminally negligent homicide. that's a hard burden that they have. >> and penny still faces a potential prison sentence of up to four years in prison. if jurors find him guilty on this lesser charge. jesse. >> all right. cb, thanks very much. harold ford jr. you happen to be the only lawyer at the table, am i right? is there any other lawyer? >> harvard. katie. oh, wow. >> i don't practice, okay? >> wow. yes. >> you practice. i defer. >> i defer to i defer to kayla. i'm just a michigan guy. >> go blue. beat ohio state this big win. >> all right, we're going to go ivies over big ten. fine

. >> judge grasso, great to have you here. joey jackson, thank you as well. the news continues right here on cnn outfront next, the breaking news, the assassin's backpack. >> tonight, it's believed to be in the hands of police. a police official telling cnn the gunman who killed the unitedhealthcare ceo has likely left new york city. we've got a whole lot of new details tonight. plus identifying the assassin police running pictures of the suspect's face through massive databases using facial technology. i'm going to speak to the man who helped id the boston marathon bombers. also breaking tonight a major putin allies grip on power in jeopardy. rebels closing in on the syrian capital of damascus. and cnn tonight on the ground in syria with a major exclusive. let's go out front and good evening. i'm erin burnett out front on this friday. the breaking news, the backpack. so here's where we are with this. sources are telling cnn that police believe they found the backpack belonging to the assassin who killed the ceo of unitedhealthcare brian thompson. abc news ob