katie huberty of jp morgan will be joining us this morning. increasing that pride target -- price target. we are taking out the highs for the year we could have a more material conversation behind just rates in america. tom: we are serious, two hands on the wheel, please. lisa, i want you to forward a two-year to a high further year into the auction dynamics we may see today. lisa: you really set me up with something that you love so dearly, i appreciate that. $54 billion auction of three-year notes today at 1:00 p.m. what's the conviction around rate hikes after the first two? we know people are bringing forward rate hike expectations, but what is the trajectory from their? that matters -- there? that matters as they hike into an economy that will be slowing. tom: this is also about e.m. with jerome powell, to latin america come to the pacific rim. jonathan: you have been all over it all year. think central bank rate hikes from around the world, brazil, turkey the exception as they are going the other way. but the slowdown that people expect

he worked at huberty book on the assassination.hat book is seen as one of the seminal books to this day on the assassination. he goes on to this a long career as a private detective. also the assassination is kind of nagging at him. it is on his mind over the decades. 10 years ago, he decides to take one last run at the assassination. he went back and took a new look at the forensic evidence. he talked to a lot of the researchers, scientists involved throughout the years. people who have this personal passion for the assassination. they bring their life experiences to the issue. he decided to take another pass at it and come up with a new book based on this new information and a new perspective. this is his life's work i'm doing my best to give it justice. >> the crossfire conclusion.den? >> it is really a cascading amount of evidence, information that comes to that conclusion. it starts with the witnesses who were there. there were people on the overpass above the highway who were watching this, basically a panoramic view of the a

katie huberty, who raised apple overweight, sees the company benefiting from new vr and economist vehicle david: in case you missed it, the chinese currency is -- just surpassed its peak. not a new 2018 high against the u.s. dollar. where are we on dollar china? not pushing towards that level. i forget who it was, but i think it was our guest a couple of weeks ago, jonathan cavanaugh. if you are long em, this shows from 10 years back. it is close to correlation with the chinese currency. might list all of the votes -- most if not all. rishaad: if we see china easing further, and a u.s. fed that is more hawkish, spreads should widen. it should mean money in the other direction, meaning a weaker yuan. that is the theory. yvonne: then you have the full capital account. then maintaining this covid zero strategy. people are not going out and traveling as much. basically, you will see those inflows into stocks and bonds. rishaad: in theory. david: when where the trade numbers -- yvonne: they were out yesterday. rishaad: blown out imports. david: demand for currency. that is really tied into the

not attractive they say and growth, so they bet it will be slower next year on the other hand, katy hubertys apple's strong loyal customer base and the pipeline upcoming launch, she thinks a rerate in next year, meaning investors will be willing to place a higher valuation on apple's earnings switching gears, microsoft investors, check out that stock, it has surged more than 50% this year and rba argues it's a top pick for next year saying the migration to cloud he says is benefiting azure the direct transformation of business, benefiting office 365 and hybrid work models benefitted teams they are trying to execute on a lot of growth drive between swings and misses. that opposite opportunities to rivals like amazon and alphabet. finally, nvidia, a monster run, that stock surging 130%. ubs says nvidia is still one of their favorites for next year, too, as it builds more revenue sources is around ygpu in software motes webbush maintains a newt trauma setting. they say metals here are excellent, but he argues a lot of good news is then priced in becky, back to you. >> we will have those who ar

lifting the target price to 210 this morning which helped rally the stock morgan stanley and katie hubertyinstead of iphone sales, services have doubled in revenue in four years, were target was $74 billion a year right now. you have to give a lot of credit to tim cook, when he took over it was only $350 billion, in the span of a decade he grew the market cap by tenfold by slowing iphone sales. stuart: hats off. what a company. the magic number is 182-8586, right around there, if you get to that level you $3 trillion extraordinary staff. let's move on to tesla, i don't know if it affected the stock price, the times person of the year. stuart: is that a surprise this morning, that is a pro-choice for 2021, the richest man on the planet probably the most influential ceo today and is revolutionized electric cars any rockets to space and mars in the future the pioneer space travel in the space industry, he moves markets with tweets and crypto assets which you love or hate them. stuart: the man is a genius engineering marvel. i love how he says he spent his lifetime defining the haters and putt

also, watch what's happening with shares of apple we often talk about it again, katie huberty earlier overweight rating to a street high $200 per share we saw that on tuesday today she's with a note basically saying apple is her biggest large cap favorite call in 2022. so kind of adding on to some of those particular positivity i guess comments from tuesday, she's basically saying this time around that the recurring revenue stream for a companies like apple make them very attractive so she calls it her top i.t. hardware large cap pick for next year so watch apple shares. by the way, if it does get past that level, it does become a $3 trillion company keep that in mind. one on one watches of a smaller-cap stop evgo that $20 price target is driven if large part by this notion there will be wider fleet adoption and utilization of the electric charging stations in the network overall. we have harm em, guys we've got apple and we got evgo, the entire spectrum of market caps covered in this one. >> i'd say, it's below a billion, 800 million or so >> roughly $900 million at this point, yeah.