and if biden's odds go up, you'll see a lot of those i.r.a.n to improve and vice versa, so, i think the i i.r.a. is going to be a good part of it. that's the wind and solar stocks, the ev stocks, the charging stocks, there's all different ways to think about the i.r.a., and they're going to be very much aligned with where the biden presidency is, and how they're going to trade in 2024. >> all right, dan, thank you. good to get your take. >> thank you. >> what -- i mean, it's -- it's a long ways away. >> long ways away. >> v let's play it out. if trump wins a second term, what does it mean? it's interesting. you can make an argument it could be extraordinary inflationary. protectionist policies, things made here, inflation goes up. i think it's energy friendly. and one has to wonder, in terms of tariffs, do you have a reacceleration, renewal, whatever the word is, tariffs against the chinese, what does that mean for the tech trade? so, look, 280 or so days away, but people are thinking about that. >> are you getting questions? >> every day. eve

the i.r.a. you hear so much about this and that, depending on which side it's good, it's bad, it's waver. that bill is designed to be an energy security bill and the administration dunn talk about energy security. they talk about the viement, the environment. we're responsible for our environment, all of us. but you better horsepower to run the greatest economy and the greatest country in the world. we have that. we're producing that. but we're investing more in clean technology than ever before. the groups that may be protesting are not looking and what we have a chance to do. realizing you have to do what you have to do today and do it t in technologyt for the future. we're doing both. but you don't hear that. so people say, why are we not getting our points across? i don't know. you afraid to say we're producing more gas and oil and we need to do to run the country better than we've ever run it before? stabilize the world, the wrl markets? on the other hand we're investing more than ever and

passed in the last couple years with the infrastructure bill and chips act, all of those with the i.r.aa lot of money in the american economy. we feel it is a strong outlook. >> what if trump repealed that >> this comes back to the question if democrats control the house, he won't be able to repeal the bills if the republicans control the white house and house and senate, we have a different scenario where they will try to repeal some of the bills >> that is where the jobs have been created in the red states with the i.r.a that would be unwise >> that is the rationale to create jobs in red sdats states. some republican lawmakers say you have 20,000 jobs in my district >> appreciate the time we will catch up on what exactly happens later this evening >>> coverage from davos kicks off today. we have circle ceo jeremy allaire joining us and the imf managing director joining us as well the interviews are at 1:00 cet. >>> that is it for the show. it was an honor and pleasure to host with you. we'll do the same tomorrow i'm carolin roth >> i'm arabile gumede. stay with cnbc what is cirkul? ci

>> i love the idea of buying some in an etf and putting it in an i.r.a. and let it compound tax-free. think about that stuff. i don't know about you guys, but i got shaken out during that ftx shenanigans. that was kind of scary. the idea that we might see some of those institutions go down and having your bitcoin there or whatever it was. so i can't spent a lot of time on it, but this is a big validation. >> i think -- find yourself a basket beyond bitcoin, and this is the really, really tough part, but there's no question that the digital current si world, the digital token world, is back. now, it's back in a very different way and i think we've shaken a lot of, you know, bizarre and dead wood out of the trees and i think it's time for people to look at who is selling them what. >> we've got a news alert here on the situation in the red sea. reports that uk prime minister rishi sunak has authorized joint military strikes against the houthis. the uk has authorized these strikes. we had rearadmiral mark montgomery on earlier today, saying that these offens

bipartisan infrastructure bill and even the i.r.a. was done, i worked for five years putting it together with different friends on republican and democrats together. there was a lot of progress that was made because of the middle, not the extremes. nicely the extremes trying to play politics with the most dangerous thing that we are dealing with today, which is the border. the crisis of the border is an absolute, total crisis. and it is dangerous. we can fix it. and if not, i would ask the president, please declare a national emergency. don't let the politics destroyed basically the border situation and security that we needed that border, and i would hope you would do that. >> we have to leave the conversation there. when you do make a decision you should come back and do it here on cnn. >> i will come and talk to you, i sure will. thank you so much for having them. >> much appreciated, thank you so much. >>> still to come, the georgia state senate looking into claims of an improper affair between fulton county district attorney will

. >> an i.r.a. will make something like this? >> we were too ahead of our time.launched with wisdom tree right before sam bankman-fried. we have clients that are interested. those are the clients we allocated. last year was a good year. we don't say you should do this. we have a solution if people want to do it. it's an index. >> there's no one size fits all. some clients shouldn't and some should. >> all right. right now we have to get to the headlines with pippa stevens. good afternoon. >>> tom tillis introduced a bill today that would give the supreme court the ability to decide candidate eligibility based on the 14th amendment. sources tell nbc news the bill has little chance of getting a vote in the senate. >>> the biden administration is awarding $623 million in grants in an effort to build a nationwide ev charging network, charging stations and ports across 22 states and puerto rico. the goal to ensure evs make up half of sales by 2030. and it's official, bill belichick's 24-season reign as head coach of the new england patriots is over. the patriots' owne

look at autos, they have been high we have to say look what happened to the i.r.a the model y has losthe credit. again, all they need to do is get 525,000 you units per quarter. they did 485,000 in q4 i get it so far, the consumer seems to be healthy, at least in the u.s we have to see what happens in europe there still is a lot of demand for the products he is right. interest rates are a big factor here all in all, it would appear that interest rates should move down, not go up. especially in the u.s. >> it is arjun here. there has been a lot of spec ta ulation for tesla and the talk of the mass market cars at a cheaper price point than the model 3. how big a deal is that for tesla? do they need to push into the price category at this point >> it is very important. especially for a lot of investors who are not in it for the car story. obviously, that is important for many folks for me, it is important. my view on the stock is 90% based on autonomy. you do need to get a lot of teslas on the road to get fsd in them you need that. we forecast 3 million of those vehicles that the lower pr

if you're running a kind of small i.r.a.n michigan or iowa, you're probably not thinking you're going to go all in on crypto if your customers are primarily devin activities, lawyers, maybe closer to retirement age, but etfs make it feel easier, safer. you know at the very least there's sort of more guardrails around it. you're probably not going to end up with an sbf-style disaster. i think it could pull into some of that crowd. >> that felt pretty singular, but if there's a style to that, everybody wants to avoid it, sarah. last question, more broadly, if it gets approved, what does it mean more broadly for cryptocurrency long-term? is this more of a ledgemization of cryptocurrency? does it boost the sector overall long term? >> it's unlikely we're going to see one get approved. we're probably not going to see the favorites if approved. we'll see a basket of them. i think it's a long time coming in that legitimacy. the idea was reached a decade ago. we're at decision day to see if it will happen. a lot of people think it w

there is the i.r.a., the inflation reduction act, spending that has not made it out yet. we own caterpillar, another stock that will help us with that. >>> straight ahead, trian's nelson peltz speaks out. what he said earlier on the disney proxy battle. "halftime" is back in two minutes. we need to scale with customer demand... in real time. (jen) so we partner with verizon. their solution for us? a private 5g network. (ella) we now get more control of production, efficiencies, and greater agility. (marquis) with a custom private 5g network. our customers get what they want, when they want it. (jen) now we're even smarter and ready for what's next. (vo) achieve enterprise intelligence. it's your vision, it's your verizon. this thing, it's making me get an ice bath again. what do you mean? these straps are mind-blowing! they collect hundreds of data points like hrv and rem sleep, so you know all you need for recovery. and you are? i'm an investor...in invesco qqq, a fund that gives me access to... nasdaq 100 innovations like... wearable training optimization tech. uh, how

the supply side certainly on the nuclear business, we've enjoyed the benefits we've seen from the i.r.acertainty that's come into the sector with the investment tax credits we'll be getting. that's across the industry the nuclear industry is safe and sound for many years to come as a result of that what that means for customers, we'll be generating cleaner power than we would otherwise be without having nuclear power our grid has still delivered 26% from pole. so the loss of nuclear would be very detrimental from an environmental standpoint what it means to you and your home is making sure that power stays on, which i said earlier it's about making sure the wires are as reliable as possible. >> pseg ralph larossa, fwrtd to h have you on. >>> coming up on "worldwide exchange," we await the results from tesla and ibm we talk about the key numbers that our next guest is watching. much more w.e.x. coming up after this meets bold new thinking. to help you see untapped possibilities and relentlessly work with you to make them real. in order for small businesses to thrive, they need to bey sma

he passed the i.r.a., which was touted as inflation reduction act, but included within it the biggesthat anybody's ever passed, which was a victory to aoc and the rising younger generation of climate activists. but i think that the biggest example, and this is really sort of part of the book, is that if you look at the democratic response to the 2008 crash, which did not produce a robust economy, and you flash forward and look at what biden did when he took over as president, multiple rounds of stimulus, student loan forgiveness, beefed up unemployment benefits. and here we are today three years later with the lowest unemployment since eisenhower, a booming stock market, and an economy that's really kind of turned around and looks like we're going to avoid a recession. i think it goes to show the effect these politicians have had on him and the democratic party generally. >> yeah, but hold on a minute. you can't necessarily draw a straight line between those economic moves and the strong economy. i mean, bernie sanders, elizabeth warren have been wildly against the fed raising rate in

one of the reasons why we added this is the narrative that the i.r.a., the inflation reduction act, fiscalmoney hasn't came out yet. we expect that to really be a tail wind this year for uri, and we own caterpillar so that's looking at it there. overall, we look at this entire narrative, too, china, you can see a bottom there i think there's some good look out on that part of it, too. >> i wanted to hit private equity because blackstone reported today and you do have a lot of wondering whether this will be the year for a lot of exits for private equity, which is sitting on a lot of stuff lps want their rewards at this point. you have carlisle only >> yeah. >> what do you think about the p/e space? >> p/e has discovered wealth management and that's where the flows are now coming from in addition to the traditional places like sovereign wealth, and there is so much money in p/e they are chasing people down the hallway to give it to any business owner who has positive free cash flow it's not an exaggeration $2.6 trillion in, quote, unquote, dry powder. apollo is like 10% of that these funds h

. $2 trillion of fiscal deficit, the infrastructure and i.r.a.green economy, the remilitarization of the world, the restructuring of trade are all inflationary. that looks a little more like the 1970s, to me. i think there's a chance that people should be prepared that inflation comes down but then bounces around 3, maybe even bounces up a little bit, and those implied curves will change and, you know, are people ready for that? i'm not sure. but i just give it a higher chance than other people give it. maria: joining me right now in this "sunday morning futures" exclusive is florida congressman byron donalds who is sporting president trump for a second term -- supporting president trump. thanks so much for being here. >> good morning, maria. good to be back with you. maria: you just heard or from jamie dimon on his thoughts. he's a democrat, and he understands that it's policy, democrat policy, that is behind what we're all experiencing here. that's a topic in iowa. let's talk about the iowa caucuses. your reaction to president trump now having

he passed the i.r.a., passed as an inflation reduction act, but included in, it the biggest climate billctory to cut aoc. and the rising generation of climate activists. i think the biggest example, and this is part of the book, when you look at the democratic response to the o a crash, which did not produce a robust economy. he flashed floored and look at what biden did when he was president, multiple rounds of stimulus, student loan forgiveness, be the unemployment benefits and here we are today, three years later, with lowest unemployment since eisenhower, a booming stock market and an economy that has really turned around. it looks like for avoid a recession. i think it goes to show the effect that these politicians have had on him and the democratic party generally because president biden is running -- >> hold on a minute. you can't necessarily draw a straight line between those economic moves and the strong economy. bernie sanders, elizabeth warren were wildly against the feds raising rates in the last two years, and defense raising rates is the toppling that curved inflation. >> n

what we did in the i.r.a.for seniors medicare, to $35 a month. republicans want to overturn that. what we did about the secretary of hhs being able to negotiate a lower prescription drug prices, they want to take that to court and overturn that. this is what it means to you and your financial security is part of your freedom. >> so, it's about making it real for people. and that is so important because people vote in that way. i do want to ask you, you wrote this powerful op-ed, i read it today again, about the anniversary of january 6th. you were there that they. you were so heroic that day. and you outlined a lot of what happened. and recently, this weekend, donald trump repeated the lie that those convicted for their involvement or hostages. he used the term hostages and i just wanted to know what you thought of that. your response when you heard him say that? >> well, he is a disgrace. i just put it this way. we have known that for a long time. he has disrespect for congress, for the capital, and the rest.

in the i.r.a., if you talk some aspects of it, and of course it was the biggest bill will -- to help us fight the climate crisis. but also in the bill was the reduction of the cost -- for the first time, we were able to have the negotiation by the secretary of h h s to negotiate for lower priced prescription drugs for seniors. and then the bill itself, it reduced the cost we have medicare we for people with diabetes and the rest from $600 a month, or $500 a month, if pending, to $35 a month. the republicans have said they're going to overturn that. the pharmaceutical companies are taking it to court. wideman, let's get back to that kitchen table we. let's get back to that kitchen table. the cost of medicines and pharmaceuticals is very important in the bottom line of america's working families. having access to affordable care is very important. so, again, there are aspects of these bills that have directly hit home for america's families. and you know why joe biden insisted upon it. we have been advocating these things for a long time. and not having success with it. but he was maki

what we did in the i.r.a. a month, for seniors on medicare, to $35 a month -- and republicans want to overturn that. what we did about the secretary of hhs being able to negotiate for lower prescription drugs, they want to take that to court and overturn that. so this is what it means to you, and your financial security is part of your freedoms. >> so it's about making it real for people. and that is so important, because people vote that way. i did want to ask, you wrote this powerful op-ed, i re-read it again, about the anniversary of january 6th. and you were there that day, you were so heroic that day, and you outline a lot of what happened. and recently this weekend, donald trump repeated the lie that those convicted for their involvement are hostages. he used the term hostages. and i just wanted to know, what you thought of that, or what your response was, when you heard him say that? >> well, he is a disgrace, let's put it this way. we've known that for a long time. he is disrespect for the congress, fo

>> well, with the i.r.a. in the united states, it's growing here too. and let's talk about texas, one of the great states. >> right. >> it's the number one state for hydrocarbons, but it's the largest state in the united states in wind and the largest state in the united states in solar. >> so there is a business here that's going to keep going. >> absolutely. and, look, like every trend, maybe it's going to be bitdown or something else -- [laughter] >> we'll get into that. >> -- things get overpositioned, overpriced, overhyped. >> right. >> but the reality is if there's a fundamental reason in doing this. and when i spend time with governmental officials worldwide, they want to find more independence of their energy if position. a country like india that's growing 8% a year, the energy if demand to grow at 8% a year is tremendous. they need to be investing in wind and solar, and the amount of capital they're going to need is enormous. >> do you think you might have went too far in messagingering e sg at some point?? -- messaging esg at some point? >> w

. $2 trillion of fiscal deficit, the infrastructure and i.r.a.nomy, the remilitarization of the world, the restructuring of trade are all inflationary. and that looks a little bit more like the 1970s to me. so i think there's a chance that the people should be prepared that inflation comes down but then bounces around 3, maybe even bounces up a little bit, and those implied curves will change. maria: bounces up a little bit, cheryl. that's what we saw from the c pix yesterday. >> exactly. and, again, this morning was the conference call for jpmorgan. jamie dimon as well as the cfo reiterated exactly what he said to you in that interview, that they're talking about inflation. they do see it heading a little bit higher because of all the government spending and the fiscal stimulus they're seeing out there. and, you know, we also saw that last friday when we got the jobs report out, maria, because that was where did you see jobs being created? government. health care. you know, social services. and by the way, one of your guests mentioned about the

. $2 trillion of fiscal deficit, the infrastructure and i.r.a.een economy, the remilitarization of the world with, the restructuring of trade are all inflation name. and that looks a little bit more like 1970s to me. so i think there's a chance here that people should be prepared that inflation comes down but then bounce around 3, maybe even bounces up a little bit, and those implied curves will change. maria: that's exactly what we got this morning. mike lee, reaction rah. >> yeah, look, i think if we get a few more hot numbers, we'll see what tomorrow looks like, but if we get a few more hot numbers the entire concept that we're going to have the market predicting six rate cuts this year, if that dissipates and you see the 10-year start running up, you will see a near term equity correction. i think the saving grace for the fed here and what's going to give them coffer is the continuing economic deterioration of those on the bottom half or the bottom three-quarters of the scale. main street, as stephanie has just been referring to it. that sort

yes, this is a department of homeland security, and border patrol, have the legal control from the i.r.aif they are in asylum seeker. they have that responsibility, and that is an interpretation by the department of homeland security. >> certainly i'm not going to speak for donald, trump but i'm sure he would say that he did not manufacture a crisis. but you do, know you are a former member of, congress there are those who talk about shutting down the government as an all or nothing policy. that would not happen right now if what you are articulating actually were to come to fruition. i want to get to another point here. the idea of shoot to kill, and governor desantis saying that agents would have the intelligence to be able to, perhaps do just that. that would be like a battlefield, or a police operation before they opened fire. is that a realistic, productive solution to the issues that you address right now? >> border patrol should be allowed to use force if they are being threatened. we know that, that is the requirement. they should be able to protect their lives. they should be ab

so we're finally starting to get to pace and the i.r.a.that number even further. so we've got roughly 200,000 chargers in the u.s. we're adding roughly a thousand a week. and that's going to -- that's going to really help with, i think, answering people's range anxiety issues. but we've got a long ways to go. because china's got 1.4 million chargers, so almost ten times the number of chargers we've got here. we've got a long ways to go, but we are definitely getting on the right track and picking up our pace. >> yeah, and more and more competitive evs outside of their domestic market as well. john, always great to get your temperature on these thing. appreciate you taking the time. as we watch the s&p and the nasdaq all in positive territory so far this morning, we will continue to monitor the markets. we'll have former fed vice chair richard clarida on tomorrow's big cpi in that's coming up. don't go anywhere. trade, giving traders even more ways to sharpen their skills with tailored education. get an expanding library filled with new onl

there's so much as stake. 5 million people every year are rolling over their 401(k) money into a roth i.r.a who wants a piece of this money to give some advice on what to do. there are a lot of folks working in industry who never had a fiduciary standard. they're now going to have to find out if it is required, what's the costs to them to doing so. >> if you're doing an assets under management of 50 basis points, you need a $500,000s to give the person a service. if you were to collect $2,000 i.r.a.s with clients with $10,000, you can't afford to do that for 50 basis points and give them the individual service they need. >> many wealth managers say that, but there are fee-only financial advisers that will offer advice for -- by the hour. they'll do it for a small amount of money. >> with no commission. >> with no commission. >> i do it from ads from a particular firm that says we're not like any other broker because we're fiduciaries. i was under the impression everybody needed to have their client's best interest across the board. >> i think a lot of people think that, but i think what peo