mastercard reporting a more than 3.8% sales jump blowing away expectations, but not kelly evans. we'll talk about that after the break. the stocks which benefitted most. "power lunch" is coming right back. to go further, you need to be ready for what's down the road. as energy demand continues to rise, we're harnessing breakthrough innovations to increase production in the u.s. gulf of mexico. our latest deepwater development, anchor, produces previously inaccessible oil and natural gas, allowing us to deliver the energy we all need today so everyone can follow their own road. that's energy in progress. >>> welcome back to "power lunch." higher prices not keeping consumers from opening up their wallets. according to fresh data from mastercard holiday sales rose 3.8% over last year. november 1st through christmas eve, clear winners, and he joins us on set with his picks now. managing director of senior retail analyst at bmo capital markets. winners and losers you think could be winners. first let me ask you about the 3.8. how do you think about that. >> great number, good number?

i'm kelly evans. we have a big selloff on our hands today. a market change from yesterday's sleep your session. big tech is getting pounded. all the mag 7 names are getting lower, and they are saving more than 200 points on the nasdaq 100. bitcoin is also falling down about a percent, and mizuho's dan dole of says one of these names is seeing a big shift in retail trading. plus, the market is only expecting two rate cuts next year, but one retail analyst says that might be enough for the housing market. the stock, down about 5% this year as one of her topics. we will reveal it, and two other names she likes, coming up. stocks and yields are lower, so you can't blame yields. >> the santa claus rally is not looking great, folks. we closed monday, 59, 74. the tendency for the market to rise in the last five days, first two days of the new year is the santa claus rally. you have to be above 59.74. santa claus is not looking that great. the dow is weak because of tech. microsoft, salesforce, amazon, apple, those four or more than 200 points on the

i'm kelly evans. here's an analogy, retails sales what inflation to data. it came in light. signs consumers are getting a bit cautious. global 2025 hold on the retail and the macro front, we'll discuss that. our market guest isn't that much worried about trump 2.0. if escalations start an equity selloff quickly walked by. an s&p target of 7,000. >>> dealmaking is expected to flourish under the incoming administration and bank of america sees chocolate milk as one of the catalysts for staples there. we'll explain. >>> before all that let's get to dom chu with key numbers. >>> we have a down day not far away rom record highs, no stars to put up for major indices today, because they've been lowered, even marginally strong at some point we've given back at lot of those gains. no all-time highs for the indices. the dow industrials, a nine-day losing streak, that's the longest we've seen in quite some time and we're down another 260 points today. the dow industrials right now on a year to day basis up 16%. at the 50-day average price on a rolling basis for the dow jones industrial

alongside kelly evans, i am tyler.t could be the eighth straight losing session, and have not had that kind of skid in quite a while. we will talk with loretta mester in just a moment. a little more, i would say, caution seems to be attending to the trajectory of the interest rates of 2025. >> i am scratching my head on that one. we will talk about the jpmorgan analysts. >> one thing that will affect that sector is the labor market and what happens with respect to immigration because many of the people that work in that industry as builders are immigrants, so we will find out. plus, the grinch bots that stole christmas, the same thing we have happening with concert tickets, driving up prices on the secondary margin. this doesn't affect me. >> we should find that out. >> it doesn't affect me. we will start this big week, folks, with the fed. investors are widely expecting a quarter point cut on wednesday. the key question is whether the fed will take a pause after that. in an article out today, "the wall street journal"

software names i picked up in the last >>> thank you very much, frank, welcome to the exchange, i am kelly evans and here is what is ahead. will start with yields, the highest level since early may. he expects a tournament the second half of 2025 he will tell us how he is positioning and why, coming up. >>> donald trump hosting associate on christmas suggesting that the u.s. will take on the panama canal. we are going to dig into the viability of the suggestions and the impact it is all having on international relations. here is a look at our mistry chart of the day. we will review the name and a few other stocks you may want to flip into. let's get into bob, where is my santa claus? >> yeah, but anyhow, we are positive to remember something, this has been pretty good, the nasdaq are both less than 1%. looking into the dow, the investors all day we have another strong performance by united health and has been bouncing back after an awful first part. going up great months, great month, terrible year it is one of the worst performances, a continuing trend of lower financials kind of a middle year,

. >>> thank you very much, scott welcome to "the exchange" i'm kelly evans. did that strong jobs report -- let me try this again. did the strong jobs report put the fed pause on pause it depends who you ask fed governor bowman was decidedly hawkish. cleveland hammock was notably hawkish. this has taken some gains out of the market we'll talk more about that ai is expected to create some jobs to eliminate others what economists say it's impacting the market in another way exacerbating the hiring doom loop what elon musk's proximity to the president-elect will mean to federal workers. >>> speaking of musk, the paypal mafia snagging a spot in the trump administration we'll explore that and the future of tiktok here in the u.s. and what openai's second day of shipments brings in our tech roundtable. my guess is it's not two turtle doves. let's get over to dom chu. >> christmas and a partridge in a pear tree for people long in the equity markets another day and another record high for the stock market overall. the two indices we've been focusing on at least for th

alongside kelly evans i'm tie her mathisen. we're joined by ser rat sethi. stocks lower across the board today. the dow down for the ninth straight session. the longest losing streak, hard to believe, longest -- >> can you believe it? >> i can't. since 1978. the s&p and nasdaq, broader indexes, they are still just off their record day highs. >> eight-day losing streaks one in 2018. it's been 50 years. >> 1978. wow. >> yeah. >> i wasn't working in this business then. that's a long time ago. >> it is. unitedhealth is a reason for that. why the bifurcation between the dow and nasdaq, unitedhealth down 20% off this nine-day stretch accounting for more than half of the dow point losses down 3.5% today. we're a little bit later on on the program going to be joined on set by delta ceo ed bastian. eight times their p/e ratio. so much to talk about with the state of business, travel consumer, ask him about the drones. >> do airlines need to be worried about them? and bitcoin topping $107,000 today. so does bitcoin have a place in the portfolio of a long-term investor

i'm frank holland in for kelly evans. happy holidays. the bull market is in tact, but there is one thing our guest says could derail it next year. and our analyst is seeing clear trends emerging for the new year as she brings the stocks that stand to benefit. this is one of the names of gains in sight. that's a holiday hint. up 87% this year. that makes you think what it is. i'm on twitter, instagram and tiktok. and the stakes are high for netflix to get it right. we look at why tomorrow's nfl games are critical. but we begin with today's markets. john chu -- dom chu has the numbers. >> as we talk about the move in the markets right now, we're seeing a bounce. we're going to try to close out on a high note. we are right near session highs for the three major indexes. the dow is up roughly 200 points or a half of 1% gain. bigger percentage gain, three quarters of 1% for the larger s&p 500, currently at 6,017, up about 43 points. at the highs, we were up 45. so again, right near the session highs. that means your intraday trading range, 6,

i'm kelly evans. the cpi report looked sticky and felt sticky, but if you take out rents it's largely in line. the market it banking on a cut in the next week and but one of our guests said that is a mistake, if there is a cut this time, that is the last one. speaking of inflation, we hit the grocery aisles to find the winners and loser, bank of america is here with a show and tell and the trades to make as a result of our information, let mel me tell you, the difference between the name brand and the store brand was a treat. and tech stocks are getting a boost on the back of the cpi report but there is a new fight brewing in the tech world and a new head for target big tech. what it could mean for the all of the stocks. >>> and dom chu is here with the numbers and a big day for the north dakota. >> we are not going to bury the lead. it is a record run here for the nasdaq and we hit 20,000 for the first time ever. so, yes, the star goes up right away. a clear outperformance that is up 344 points to th

>>> good afternoon, and welcome to "power lunch" alongside kelly evans, i'm tyler mathisen. the dow on pace for the 7th straight losing session which hasn't happened since february of 2020. the nasdaq has been holding up better, breaking 20,000 for the first time this week. back down below it now. 19,906. the sen-year rising as import prices come in higher than expected leading to inflation concerns. it has gotten away from me that the dow was down this many days in a row. >> it got away from everyone, because we're talking about stand out performers like broadcom and the blue chips struggle. >> and united health among those suffering lately in the wake of that terrible shooting last week. >> that is a big reason why. plus the big story everyone is talking about now it is drones. it is a sport here in new jersey to spot them and post videos, last night, after everything the last couple of weeks, last night the activity was so busy in our skies. i talked with represent josh gottheimer about this last hour and he called on the fbi to act and to reveal more about what is going

thank you and welcome to the exchange i'm kelly evans it is looking less likely that the rates will be cut and if there is one trade to position in and here to explain. and we have salesforce earnings due out after the bell a good 2025 shaping up despite a.i. making market share and instacart shares are up a whopping 85% this year but deutsche bank is not putting its name on the list the biggest hurdle for that name and the one that he thinks are better positioned. but before all of that, let's get to dom chu with a market check. >> up and down so far. but we did hit a record intraday level and that's the nasdaq composite. it did set a recordin intraday record at 19,439 and up 35 points the broader s&p has not hit a record we're at 6,046 intraday is 6053 that is the level to watch we're at 6046, just about flat on the session at highs up two points and down roughly 14 at the lows that is your intraday trading range so far dow is flattish, down to 44,746. no record high there but a key focus today. one of them, a story has to do with politics and perhaps the economy in the u.s. given th

i'm kelly evans. the fed is expected to cut rate this is wednesday but it is a kroefl cut and one of our guests said there is a chance they might hike rates. and bank of america just made nvidia one of its top picks for next year. the stock has been stalling out, it is down 10% and our tech investor said there are other names to consider carrying less risk. you're looking at one of them. our mystery chart. tweet me if you know it. and from cruises to football, hallmark is inventing the brand. we'll talk to the media officer about that. but first back to dom chu with the market numbers. >> you'll have to forgive me as i'm staring at the board. because what i'm seeing it 20,154 for the nasdaq is a new record intraday high. so i'll put the star up there right off the bat. so again we're watching this near session highs level right now, up about 225 points or north of 1% gain for the nasdaq composite. the s&p 500, is still trying to keep back up to the 6,099. and it is up 27 points, 1 half of 1%. and the

i'm kelly evans and here is what is ahead. broadcom is soaring to a new all-time high pushing the company's market cap past a trillion dollars for the first time. it gets to join that club. after revenues from a.i. surged more than 220% year on year so is broadcom the new nvidia, the new semi analyst weighs in on that. but the nasdaq is below 20,000. tesla is the only one in the green. we'll talk about what is really going on in this market and hear from a few voices who are much more cautious on high flying tech. >>> plus apple and google with warned by members of the house china select committee to be ready to remove tiktok from their app stores on january 19th. we'll speak with josh gottheimer, one of the lawmakers who have led the effort to ban tiktok about this and the mysterious drones still being spotted across state. but let's get down to bob pisani with a look at the markets this year. >> nothing mysterious about the markets here. no drone activity here. we're in a modest down trend. this is not unusual for the middle

i'm kelly evans and here is what is ahead. republicans have an ambitious agenda for the first 100 days and there is already friction and a big bump in investment under trump 2.0 and another that could get obliterated. plus this name was put on the map last week. earnings crushed it and analysts loved it and the ceo is here and he'll talk about what makes them so well positioned as the a.i. buildout continues. tweet me if you think you have the answer. and could we get a three-peat of 20 plus returns next year. our market said there is better chance of that than the chiefs winning the super bowl again. that is the stats and the trades. let's start with the markets. >> i'm in green and i i'm looking at one of other reporters also in greens. we got the memo today. the reason i'm wearing green is after the fact, but it is a record high. for one part of the market and for those people who have been watching over last couple of weeks, you know it is not the s&p and not the dow, but the notice and it does get a start because it hit a

and welcome to "power lunch" alongside kelly evans. i'm tyler mathisen. glad you could join us. the major averages are lower right now despite some deal news that's usually positive for the markets omnicome is buying interpublic group as the industry reshapes in the face of ai. and shares of hershey's soars on reports that mondelez is considering a takeover of the company. >> and our friend chris kri san ty will be happy. >>> police are making an arrest in the shooting of the ceo of united health care. bertha coombs is in new york city with the very latest. bertha? >> kelly, a 26-year-old man is in custody in altoona, pennsylvania, with new york investigators headed down to speak with him. according to mayor adams, he matches the description of the person they have been looking for. and authorities also credit the social media presence and the media for having put out that picture of the suspect showing his face, helping to lead to this arrest. here's what the police commissioner had to say. >> earlier this morning, in altoona, pennsylvania, members of the altoona police departm

i'm in for kelly evans on christmas eve eve. here's what's on. >>> how much of a factor it could become for the fed and for the markets and the trades to make as a result of it. >>> plus, from bit point minor to powering artificial intelligence. core scientific is -- to capitalize on the growing demand for beta centers. but getting to this point has not exactly been a straight line. the ceo joins us with the risk and rewards of this latest restructuring. >>> and 'tis the season for shopping. it looks very different from last year. coming up ahead, you are looking at one of them by the way behind me. that name is coming up but we are going to begin with today's markets here. >>> what we are seeing is relative positivity ahead of this particular holiday short and trading week. what you're looking at right now, we are just mix on the session but the s&p is up one third of 1%, up 20 points. the nasdaq composite is up two thirds of 1%. the dow industrial is down 60 points for a 1/10 of 1% loss there. the dow industrial is currently a

. ♪♪ >>> i'm kelly evans. he is steve leishman.cks are lower but they are the worst levels of the day. nasdaq down 1.6%. we are wondering what happens to the santa claus rally. apple hitting a roadblock today on the way to 4 trillion. the big tech components of the dow are dragging on the index and the leaders of the nasdaq, we may not know they are in the nasdaq 100. starbucks, pepsi. >> all of this comes as the 10 year yield is 4.6% off the highest level since may. and then people are buying more stuff. >> i don't think that is really a market mover should not call me crazy. it is a thin trading session. >> the week was not bad. this is the week for yields. >> we had the biggest christmas eve rally for the s&p since 1973 or something like that. that gives us a nice made margin of safety. >> what i looked at what was down, those things had been way it. >> the biggest decline, tesla and things like that. and the ceo named the ceo of the year. one of the biggest decliners for virtually no reason will tell you it is a market rotation

i'm kelly evans. pat gelsinger is out at intel. it's the head line of the day. the move was a surprise to the analyst community questioning the timing and lack of clear sequence of events and whoever takes the helm next will be leading a company much smaller and more challenged than ever before. can it be done? one of our guest says some radical change needed. here's got an idea of what that would look like and what to do with the stock. cyber monday, remember that? it's underway. our analysts see clear winners this oliday season. we'll bring you the names and the up side. >>> this stock has doubled this year, up 50% since the election. it's not a private prison. here's your clue, that investors are giving it an a plus, and if certain trump campaign promises become policies, it could be well positioned from here. we'll have the full reveal ahead. we had closing eyes on friday, right, dom? >> new highs, that's the headline from a broader macro market perspective. two of the major indices have hit record intraday levelings.s. the s&p 500 up 13 points, one quarter

welcome to the exchange, everybody, i'm kelly evans. elon musk is a man of many titles, and now he can add one more, the ultimate bond vigilante. that comes courtesy of dan clifton, who wrote about the latest d.c. drama, and why what comes next could be earth shattering. what is still to come, he thinks. dan joins us in a moment. on top of that, the fed wrapped markets yesterday. we are digging into the wide, when there were expectations this would happen, and we will talk about whether fewer rate cuts next year means you should reposition. one of our guests called this company an underappreciated a.i. play for its ability to quickly scale data power centers. the stock is up 51% this year. it is our mystery chart. we reached out to the ceo and he will join us ahead with what he anticipates for the new year. >> let's start with the markets and don two. >> to your point, we are green across the board. we are losing a little bit of momentum but i will show you right now, it is green, but we have a lot of ground to make up. the dow lost ove

. >>> thank you very much, scott and welcome to "the exchange," i'm kelly evans and here's what's ahead bitcoin tops 100,000 for the first time ever and president-elect trump says you're welcome mike novogratz says we're witnessing a paradigm shift. >>> bitcoin 100 k one of the reasons our market guest is taking money off the table in fact, he's the most bearish on the market he's been since before covid he tells us why and where he is going to put capital to work. >>> recruiter.com has new data on the hiring and firing trends last month one of them surprised our guest. he's here with that. let's get the lay of the land with the big round numbers going around dom chu has those for us. >> kelly, big numbers and record highs yet again in the session i'll put the stars up right away so we know where they are. s&p 500 hit a record high, and the nasdaq composite hit a record high intraday we are near the best levels of the session for those two indices. the dow industrials are the laggards the dow at 44,909 we're off just about a hundred points, 1/4 of 1% for the s&p 500, i mentioned near th

. >>> thank you very much, scott, and welcome to "the exchange, i'm kelly evans, and here's what's coming up. a massive increase in crypto values, should the fed take note to gauge how hot the economy is? our guest says, no, the fed shouldn't worry about this. they've got bigger problems and he's here to talk about what they are. speaking of crypto, as the value goes up, so could generative ai. the names morgan stanley says are well positioned in the ai-powered build out. our mystery charts are back, up 85% this year. tweet me, x me, if you think you know it. >>> and a dramatic 48 hours in damascus, the 50-year-old assad dynasty collapsing over the weekend. we have the latest and how it's changing the geopolitical landscape. interesting moves with oil as well. some saying it's taking out the risk premium. crude is up to around 68. let's start with dom chu and get the full layout. >> we've got fractional losses so far today. we're near the record high levels. actually, one of the three major indices, did hit a record high earlier in the session before retreating, and that is the nasdaq com

welcome to "the exchange," i'm kelly evans. chair jay powell is expected to take the stage with andrew ross sorkin, that will start a little bit later this hour. we'll bring it you live. andrew has a tendency to get people to talk. remember when he asked musk about advertisers at deal bok last year? stick around, we hope to get headlines. speaking of the fed, one of our guests argues there's no reason to continue cutting. another says if they pause, things could get volatile in markets. both are here to make their case. movement on the housing front. we have the latest on why housing could become a key issue on the trump and the gop. how is it looking? >> another day, another set of record highs. that's how things are looking. green across the board for the major indices as you can see behind me here. notably, for the s&p 500 and the nasdaq composite, both of these indices hit record intraday levels in trading and we are right near session highs for the market. the dow industrials, 44,891, up 1/2 of 1%. i'll get to the reason w

avid reader, jon karp, ben lunin, who is here in the room over there, trophy for ari adler, kelly, jonathan evans, dave kass, eva meredith vieira, lorenzo. nick rooney, and my editor in london, greg close. i'd like to thank my agents edward all of sophie lambert and christina moore and most of all, i would like to thank my endlessly patient and brilliant wife, vanessa mobley, and daughter isla, without whose and belief i wouldn't standing here this evening. thank you i couldn't be more astonished. so. are we ready for the final prize of the evening. it's been an exciting night. thank you. now for the final award of evening. the kirkus prize in fiction. the jurors for the prize are christine barlow, co-owner and director of program for loyalty in washington, d.c. and silver spring, maryland. and jeffrey burke, kirkus reviewer and former editor at, harper's magazine, wall street journal, vanity fair. and bloomberg. and here to introduce the finalists is fiction editor laurie muchnick laurie muchnick. good. good evening. the for the 2024 kirkus prize for fiction are. say hello to my little friend by

i'm frank holland in for kelly evans. happy holidays.g our guest says could derail it next year. and our analyst is seeing clear trends emerging for the new year as she brings the stocks that stand to benefit. this is one of the names of gains in sight. that's a holiday hint. up 87% this year. that makes you think what it is. i'm on twitter, instagram and tiktok. and the stakes are high for

you are joining kelly evans as the anchor of "power lunch" every day. >> yes. it is exciting for everybody but kelly. kelly is awesome. the show team is great, and i look forward to it. >> i know there have been different iterations of "power lunch." any show that's on during the market hours these days is an exciting show. >> we will both commute during the morning and at night. >> and you have a big commute, which is very far away. >> which i do sometimes in the city. but i look forward to it. by the way, we have today. >> we have today, a few hours left. so lucky me. >> and it looks like we are starting for a lower open today. look, it's been a good ride overall for the year. i don't think anybody came into the year expecting the s&p 500 to be up 26%. 57 times the s&p has closed at record highs this year. >> it sounds like an rbi, random but interesting. we can use that. >> is that a brian sullivan mark segment? it's not random. it's pretty relevant. >> all right. we have some lecoming up. here's the question. with last year's gains and this year's gains, wha

kelly and mark!" today, academy award winner julianne moore. plus, not from the action thriller "carry-on," sofia carson. also, a performance from recording artist sara evans