kate rooney for cnbc business news in phoenix. >>> coming up on "today", the future of air travel takes>> thank you so much for being with me for "early today." i'm frances rivera. hope you're up early again thursday. ifou are, you know we' yre >>> the man accused of killing unitedhealthcare ceo fighting extradition to new york. and shouting at cameras as he arrived in court. his lawyer insist something luigi mangione will plead not guilty.

let's send it to kate rooney for a look at some of the day's biggest movers into the close. road ahead for ford according to jefferies which has downgraded shares to underperform from hold and cutting it to nine bucks from citing inventory overhang as the biggest potential drag and the legacy automaker has struggled this year, down about 18% or so since january and then some swaps to tell you about in the nasdaq 100. moderna and illumina will be leaving while palantir and exxon, and you have the microstrategy and also joining the index today 5% higher on that news. microstrategy has been added to the invesco qqq. >> that's kate rooney and for more on bitcoin's record breaking run and as we see the microstrategies of the world and robinhoods rising, as well. >> bitcoin starting the week on solid footing, rising above $107,000 for the first time ever and e's a nice flurry benefiting here and the s&p and the nasdaq today. bitcoin is a risk asset and especially with more institutional adoption it trades in tandem with tech stocks. speaking of tech stocks, kate mentioned microstra

our kate rooney joins us now with more. kate? >> hi, scott. so, yeah, after talk about this for about a decade amazon is now using drones to deliver packages around the phoenix metro area, at least these aircrafts they're meant for smaller items so something, for example, that fits into a shoebox, it weighs less than five pounds -- or less than that. they drop from a drone to get delivered that's about 12 feet in the sky. you do pay roughly $10 extra for this drone delivery. it tends to et items there faster and right now that is within an hour. there have been some drastic changes in design over the years, they did cut the noise of these by roughly 40% and doubled the range. through some of the testing they figured out things like how to avoid dogs before delivery, they used radar sensors to do all of that. amazon executive david carbon tells me managing the air space has been the biggest challenge. they got faa approval back in october for the latest mk-30 zone. the site we are at today is with a subcenter which is how they plans to scale th

back over to you. >> kate rooney. we're just getting started here. up next, the former dallas fed president richard fish ser back breaking down what today's cpi print might mean for the fed next week. he'll join me at post nine right after the break. you're watching "closing bell" on cnbc. in any business, you ride the line between numbers and people. what's right for the business and what's best for everyone who depends on it. solving today's challenges while creating future opportunities. it takes balance. cla - cpas, consultants, and wealth advisors. we'll get you there. i didn't do this for the lights. or the fame. i did it to pay it forward to the next generation of athletes. and pass on the support my family gave me. i believe in sofi because they give the same support to millions of members. helping them bank, borrow, and invest for their future. ♪♪ because for most people, it's not about the lights— or the fame. ♪♪ it's about their ambitions. ♪♪ sofi. get your money right. (intercom) t minus 10... ♪♪ (janet) so much space! that open kitchen!

kate rooney, thank you very much. >>> we are all over today's big market move. dow is still down almost 400 points even though we've come off the lows. up next, with deep waters, gene munster what he's forecasting for that space as we head into the final few trading days of the year. we're live at the new york stock exchange, you're watching "closing bell" on cnbc. ♪ [music] i could unlock my front door ♪ ♪ while i dine in baltimore ♪ ♪ no lock box to explain ♪ ♪ ♪ at 9:00 the doors would lock up ♪ ♪ save me from forgetful slip-ups ♪ ♪ if my home just had a brain ♪ ♪ ♪ i could make a custom pin ♪ ♪ watch the dog walker get in ♪ ♪ so ziggy won't complain ♪ ♪ ♪ when my in-law comes a-knockin' ♪ ♪ i can open, maybe lock it ♪ ♪ if my home just had a brain ♪ ♪♪ well would you look at that? jerry, you've got to see this. i've seen it. trust me, after 15 walks, it gets a little old. ugh. i really should be retired by now. wish i'd invested when i had the chance... to the moon! unbelievable. stop waiting. start investing. e*trade ® from morgan stanley. doors can take us

kate rooney is back with the details for today's tech check. >> kelly, great to see you. this transition has been anything but smooth for openai, and it does highlight an increasingly competitive landscape, compared to when this company was founded about a decade ago. it is the first time openai has laid out these plans. it's for-profit arm is going to be known as a public benefit corporation, a pbc. essentially, the same as any for-profit business, but it has a dual mandate. fiduciary duty on one side, and a publicly stated mission. ben & jerry's and patagonia are well-known examples, and openai acknowledging the cash crunch behind this decision, saying, we once again need to raise more capital than we imagined, and in part, investors need conventional equity unless structural misspoken this. that structure has been a headache at times for openai. it was on display when ceo sam altman was ousted about a year ago. it can also be confusing. it involves a capped profit company controlled by the nonprofit, which will still exist, and the structure, as you can imagine, not so

kate rooney.an get your jenga right away. >> you really have to have an urge to play jenga, guy. >> jenga emergency. >> if you really need it, you go to uber delivery. it only holds five pounds right now. so -- >> you can't get a really big jenga set. >> never played jenga. >> pull the stick out so it doesn't collapse. >> and then say jenga when you screw it up. >> i don't know how that works. >> jenga! >>> a big drop in hims as traders brace for a major court ruling next eek. what the decision could mean for the company and how the options .its are positioning ahe o refaadf itmo "st money" in two., tu amelia, unlock the door. i'm afraid i can't do that, jen. ♪ (suspenseful music) ♪ why not? did you forget something? ♪ (suspenseful music) ♪ my protein shake. the future isn't scary. not investing in it is. you're so dramatic elia. bye jen. nasdaq-100 innovators. one etf. before investing, carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at inve

day one of open ai's 12 days of ship-mas the ai startup has announced two new features kate rooney brings story for tech check. >> we had two new updates as ship-mas, as open ai is calling it, kicks off today. first, we had a better version of one of its main models, and in the $200 per month pro tier, during a live demo, sam altman saying it's faster, smarter, should be a better experience for engineers and coders said it showed major improvements in computation, and on ph.d. level science questions. they say it's outperforming human experts by about 10 percentage points. according to altman, on that demo, he said the boost might look small, but they are significant. has more what they call multimodal understanding and reasoning. meaning it can interpret more images and voice and then this new tier of chatgpt, called gpt pro mode, $200 per month, this is really for power users who need more than that $20 of compute that they would get per month, and seemingly be willing to pay for that it shows a willingness to charge for the services which is going to be key to the company breaking even

kate rooney. you so much. matt, great to see you thank you for being here this is your first reinvent as aws ceo. so big milestone for. >> you very exciting happy to be here. >> you had so many gen ai announcements, but i wonder if you could summarize what it means for aws and what you think it means in terms of potentially driving spending on aws at least in the near term >> well, look, a lot of what we talked about today is how do we help customers really get into their generative ai apps into a production environment we see customers that have proven concepts out there. we built a platform and capabilities to really focus on production use cases and how do they take customer data, real enterprise, valuable ip and pull it into these use cases so that they can actually start to drive real enterprise value and not just kind of flashy, chatbots on websites that weren't driving a lot for customers. a lot of what we announced today and are talking about this week is helping customers do just that. >>

first, let's get to kate rooney in arizona with more on what is ahead this hour. a, we are going to walk you through what could be the future of delivery for amazon. i'm talking about drones. they're rolling out live here for customers in phoenix. we will tell you all aboutt afr e ea tethbrk. i your shipping manager left to "find themself." leaving you lost. you need to hire. i need indeed. indeed you do. sponsored jobs on indeed are two and a half times faster to first hire. visit indeed.com/hire >>> check out shares of mastercard today moving a bit higher. the company announce add partnership with netflix. mastercard cardholders will get exclusive benefits like pre sale tickets and more as the preferred performance player for immersive in-person events and experience. a 1% gain and a roughly flat take today. >>> amazon touted it's futuristic idea of delivering packages by drone a decade but but the company has begun package deliveries using drones, it's to customers in arizona and that is where we find kate rooney, he is in phoenix. >> amazon has been testing dro

i am kate rooney with the cnbc news update.to reform the police department in the wake of the investigation of the shooting death of taylor. the consent decree still does need to be approved by a judge. meanwhile a missouri man found in syria told nbc news today he spent months after cross into the country in a pilgrimages to damascus. he went missing in may and reappearing in syria. >>> buzzfeed announced today it's selling "first we feast," where celebrities try to answer in depth questions while eating hotter and hotter chicken wings. it's value guys is $82.5 million. back over to you. >> i always thought tyler would be the perfect guest on that show. >> it's not too late. >> we should re-create it here. i could never do it. i would last eight seconds. kate, thank you very much. we appreciate it. >>> let's move along to market navigator today after we saw rates back up on the ppi number. with markets trading at high valuations, is it time to get back to basics? our next guest will tell us how to navigate that space and which

kate rooney with the details. how will this work?a public benefit corporation that now $157 billion a.i. company was founded at first as a nonprofit research lab about a decade ago. openai says the existing for-profit arm is going to transform into pbc, as they're also known, with ordinary shares of stock. we did report this pivot was in the works. they are now acknowledging cash realities in a blog post saying, we once again need to raise more capital. investors want to back us but at the scale of capital need conventional equity and less, what they call, structural bespokeness. that bespoke structure wasn't something investors loved. those i'm talking to are relieved at the pivot. right now the company involves multiple entities. you have a capped company, that will still pursue charitable initiatives with a significant interest in the new public benefit corporation. pbcs do operate with the traditional governance and share structure but they have a dual mandate, both a fiduciary benef. no word on when this will happen and the elon

tiktok is facing a ban president-elect trump just announced a new ai crypto czar kate rooney has the ai information for us jessica lesson is here to help us unpack the significance great to have you all here kate, let's start with you what's the big announcement today? >> day two of shipments and openai did say some days we're going to get the big gifts, some days stocking stuffers today is more in the stocking stuffer. it is important. they are launching a model customization and you can fine tune openai's models with your own datasets for researchers, scientists. it's an improvement of the 01 model, algorithms and took us from advanced high school level to expert ph.d. levels people can use these for their own use cases. one big one they've been talking about on the live stream is health care. work being done on rare diseases and extracting disease information. a lot of potential up side for curing rare diseases bottom line, it does let researchers fine tune this, use their own proprietary data to solve this which is one of the big up side potential wins when it comes to ai this com

. >> over to kate rooney for the cnbc news update >> hey there, kelly. a 15-year-old girl they say killed a teacher and student yesterday at a christian high school income wisconsin investigators are working to authenticate whether writings circulating online are actually from the suspect police say identifying the motive for the shooting is their top priority. >>> israeli prime minister benjamin netanyahu said today israeli forces will remain in a syrian buffer zone until they can insure the region's safety and security the comments in a briefing today from the strategic mount herman in what appears to be the first time a sitting israeli leader has entered syria. israel sees the stretch of land along the border with the israeli occupied golan heights days after rebels ousted the assad regime. >>> the loud pings that remind you to fasten your seatbelt in your car are about to get more common warnings in the back seat as well as the front seat will go into effect september 2027 back over to you. >> this is my biggest fear, truly. >> we're matching today,

let's send it over to kate rooney for he biggest names moving into the clothes. >> shares of toyota climbing today on a report the japanese automaker aims to double its equity target to 20%. the company said its global production declined for a 10th straight month in november all the worldwide sales increased for a second month in a row. meanwhile walgreens, dollar tree, and target are up today after the holiday shopping season comes to a close. mastercard showed total u.s. resale -- retail sales grew 3.8% . sara? >> they are the worst performing stock and walmart, target, and dollar tree getting a boost here. >>> up next, erika jackson is standing by o break down his top picks heading into the new year, including a name that's already up 100% in just three months. live from the new york stock exchange, you are watching "closing bell" on cnbc. >> university of maryland global campus is a school for real life, one that values the successes you've already achieved. earn up to 90 undergraduate credits for relevant experience and get the support you need from your first day to graduation day and

kate rooney for cnbc business news in phoenix. >>> coming up, a texas judge deals a blow to the infos. >>> if you missed "worldwide exchange," check us out on apple, or spotify podcast apps. >>> more "worldwide exchange" coming up after this. jen b asks, "how can i get fast download speeds while out and about?" jen, we've engineered xfinity mobile with wifi speeds up to a gig, so you can download and do much more all at once. it's an idea that's quite attractive. or... another word... -fashionable? i was gonna say- "popular! you're gonna be pop-uuuu-larrr!" can you do defying gravity?! yeah, get my harness. buy one line of unlimited, get one free for a year with xfinity mobile. and see “wicked,” in theaters now. the u.s. economy is doing very well. we are in a very good place with the economy. we were the last central bank to cut and we are on a path to bring race down to a more neutral level over time. >> we talked with andrew last week in his final public remarks before the fed decision next week. later today, we get the cpi inflation report for the central bank. >>> welcome back t

. >>> let's get over to kate rooney for a cnbc news update. >> the united states saw an 18% increasehis year. that is according to new data from the department of housing and urban development. officials say more than 770,000 people were counted as homeless. the agency reports that the rise is driven mostly by lack of affordable housing, devastating natural disasters and a surge of migrants and several parts of the country. >>> custom agents seized more than 22,000 counterfeit pennsylvania vehicle inspections . the agency reported the stickers were shipped from israel and were heading to addresses in philadelphia. officials did not say who said the tickets or who was to receive them. no arrests were made. >> the park city ski patrol officially on strike after months of negotiations with the park city mountain parent company. patrollers hitting the picket line. talks broke down between the union and resorts over wages and benefits. it is unclear how long the strike will last. busy holiday skiing season. so definitely one to watch. >>> a down day for the markets. we have top picks to s

kate rooney has that story. hi, kate. >> this is coming from robinhood's first investor day.cutives on stage right now saying that they are quote, keenly looking into offering sports betting and sports gambling at some point saying that on stage. we have asked lad tenev about that in the past. there's a huge overlap with the potential there. the demographics that they have during the investor day. tenev saying that 75% of clients right now, millennial or gen z average $6,500 per account and talked about going after the active trader, and banking, crypto, the new one is sports gambling, back over to you. >> it's interesting, the stocks, the competitors aren't moving to the downside. i wonder how lucrative a business this would be. it would help with user engagement, i guess. >> i think that's the play here, kelly. anything to keep people on the app. tenev during this used the example of amazon prime, really trying to build sort of this ecosystem where you go on prime, you order everything, you end up maybe paying a subscription, but you stay there. they really wanted to build

kate rooney asked secretary raimondo about intel two weeks ago.w, not just since the c.h.i.p.s act. they lost their way. but they're finding their way, you know, and they're making incredible progress. it is an american champion. and i'm counting on them and believe in them to be a leader in making ai chips in america, making leading-edge chips in america. >> so outwardly standing by intel there, but the administration did, last week, cut the amount of its c.h.i.p.s award from 8 1/2 billion dollars in direct funding to about $7.9 billion. they are also getting $3 billion in defense contracts from the same pool of money. the "new york times" has reported that that move to cut the award comes amid concern about intel sort of sticking to its original time line of getting its fabs online. and to that end, paul trilio noted to me that now with gel singer out, there are uncertainties about that award and about how commerce is thinking about intel's ability to meet the necessary requirements to keep receiving its funding. guys, intel does not get anymore

kate rooney is here post-christmas on boxing day no less on boxes for us. >> we will unbox the predictionsday. now handles goldman's internal ai efforts. we first talked about what went on this year. he said ai feels like the emergence of kouds. he was at aws for that. a lot faster. he's never seen anything like this in terms of the pace right now of deployment. biggest surprise he says was this technology moving beyond just chat bots into multimodal, essentially ai that generates video and images, says that next year, fortune 500 companies will deploy this in a much more impactful way. >> all those capabilities will be deployed into corporations enterprises and we're going to be put in use in an effective way beyond the use case that we hear about a lot like the developing use case or the customer use case, et cetera. i see 2025 where a lot of that software potential energy we've seen is going to be made into like translated into actual returns and applications within the corporation. >> he does think this is going to evolve into a hybrid workforce. ai agents working alongside people and