hi, kelly. kelly: hi, lauren. all red on the screen and fitting way to end the year and i'm kelly o'grady in for liz claman and under an hour left of trading in 2022. this will be a important one to watch, folks, and of course this is par for the course what you see on the screen given this year's dramatic declines and the dow tumbling 324 points right now. the s&p 500 down just over 1%, the nasdaq the same. and the major averages are preparing to close out their worst year since 2008. the dow heading for an annual loss of 9%, the s&p 500 sinking 20.1%, and the nasdaq, i mean look at that, by far the worst performing index down 33, almost 0.8%. let's dissect some of the individual names for a moment to see what's driving those substantial losses, the worst performing stocks on the dow getting cut in half this year. intel down 49%, sales force down just over 48% and disney; right, bob iger coming in at the last moment and earnings coming up and we'll really be focusing on profit, maybe not subscribers with streamin

>> kelly, you're right.shipping fees are going up, this is probably the last year of ubiquitous or close to free delivery and shipping fees reached records that you and your team reported internationally and nationally and my alma mater prince waterhouse coopers reported because of crime, covid, and weather, over 50% of all purchases will be done online to these important points versus in store. because of that, retailers costs are going up and profits are going down. kelly: yeah, we see people slow back a bit and what space will be immune to this inflation, consumer spending trend? where would you expect consumers to be putting their money? >> kelly, you importantly referenced mastercard spending pulse at the outset and one of the real standouts is record level of overweight and obesity, 67% of women and close thomas tn and larger clothes, largest shoes. clothes will be the number one non-gift exchange card item led by macys and toys r us, toys will be the number two gift item led by legos. kelly: can't go

kelly. yes, on june 7 i came on, cooper standards up 25% even though the market's been down. they're the number one in sealing systems, globally think windows and doors and no. 2 in fuel and brake delivery and no. 3 in fluid transfer. they announced recently they're going to complete a refinancing on january 18th. it's fully backstopped by jp morgan and we think that's the first catalyst and think this stock can be a double in 2023, a double plus and multi-bagger over years. why do we think that? this happens every recession when they trough, we have two years of backlog for new cars. the used cars will do poorly in 2023 and new cars there's two years of pent up demand and we think over the next couple years, ihs thinks that industry volumes get back to pre-pandemic levels and company earned $seven a share at its peak based on the volumes and only trading at $7.50 a share right now and put a ten or 20 times multiple traded in the past looking out to 2023, 2024 and 2025, this can have meaning

>> kelly: yes! >> zoey: really? >> kelly: i'm not like -- it's just weird. this a disastrous going to happen. >> kelly: yes! >> zoey: oh, yeah. like crazy. i will be like if i go down the waterslide, mike i don't want go down this a second time but i have to because i don't do it a second time, the world is going to explode. >> kelly: i believe in even numbers. >> zoey: may too! >> kelly: i don't believe in our number so i don't do any thing just once. >> zoey: shopping i have to touch fabrics and even numbered times of the people be like what is she doing the corner and i'm like eight, 16. the young people like she's weird. >> zoey: is she okay? >> kelly: your character in the movie talks to what you're doing? you talk to yourself. it's amazing. >> zoey: integrates be on speaking of rings, you're talking about your ring but you posted something of a ring your boyfriend has, and it's become an issue for your relationship? >> zoey: yeah, the oral ring. have you heard of that? >> kelly: someone was on her and it does like i should keep track of all these thing

>> hi, kelly! >> kelly: he's here with us in spirit. there you are. hi! >> hi! fellow texas girl originally from texas, right? >> yes. you and i actually know where that is. a bunch of small towns no one sort of. so are you going to get to spend holidays with her family, are you going back home? >> i'm going to be with my family and we have -- i mean, some very exciting holiday traditions. >> kelly: what i think you met >> christmas eve karaoke is big and then also we do like a cookie decorating competition and it gets very competitive. >> kelly: i love your family. [laughter] >> yeah. >> kelly: does this end poorly sometimes? >> oh, yeah. a few tears have been shed in past years. >> kelly: my family is competitive. my favorite part of my mothers like "you and your sister are so competitive," and we are like you are the queen of competitive. she throws shade better than anyone. are you competitive, do you play games with your family? >> full contact. ♪♪ should i stay or should i go now ♪♪ >> kelly: [laughs] i love your version. do you remember the coolest gift y

kelly: yeah. and as we've discussed before, bruce, folks in the madoff case, creditors are still waiting for that money to be clawed back. appreciate you breaking it down for us, bruce. good to see you and thank yous -- thanks so much for joining us. >> happy new year to you. kelly: you too. southwest feeling a little bit of the luv from investors today, up 1.2% despite the holiday flightmare continuing with another 2,if 62 -- 2,362 flights canceled. southwest airlines told employees it stabilized the meltdown and will proceed if with normal operations friday by reopening ticket sales and resuming regular flights. let's go live to mike tobin at chicago's midway airport. so, mike, what are lawmakers saying about southwest's holiday flightmare? >> reporter: well, they're saying they haven't been able to get all the moving parts back in place, and executives are promising now they can close this ugly chapter in aviation history promising a return to normal operations tomorrow with minimal flight disr

>> kelly: i love you so much. i want to get the title right, it was recently called idina manzel acts and sings. that's incredible! [cheers and applause] there was an entire category. >> i guess it's a big thing i will confess don't get mad at me i've never watched it. i had so many people text that. it was amazing. >> kelly: the best i've ever heard of i was one of the things on jeopardy but not a category. >> i'm sorry. >> kelly: don't be sorry, wave that flag i'm amazing! do you want to try a couple now? i want to see if you will get it right your cow here is idina manzel acts and the sings 1,000. you got to walk like an egyptian on broadway inhi

and you're like that's it. >> kelly: now we aoi

hello, kelly! >> kelly: welcome to "the kelly clarkson show," everybody!u for singing that with me. >> dolly: i've been so looking forward to doing the show and just singing with you period is just a very exciting thing, so thank you for doing that with me. >> kelly: yes, we got to do the reimagined version "9 to 5", but we have not done it live. >> dolly: we did it for the documentary that i am still working on. so maybe sometime you will get a chance to do that. we can do it all. >> kelly: still relevant. is it true you invited women at your record label to be on the video? >> dolly: i did. when i did "9 to 5" 42 years ago or so? i just watched it on the set and played my nails. >> kelly: these are single mom and nails. >> dolly: these are acrylics. you have to have the false. anyways, i was playing with my nails and i watched all the things going on on the set. and so i was just seeing the girls do whatever they did and it was about working women, so when i wrote the song how cool would it be to invite all the women that worked in the offices in all of

hi, kelly! kelly! >> kelly: hello! >> hi, kelly! >> morris: how's everybody doing? everybody good?for this because i love y'all so much, thank you so much for doing this. this time of year i'm home for the holidays, but i want to ask you because it's fun near what is the worst gift you ever got? >> worst gift? >> one year my older son tricked my younger son and wrapped up a bunch of avocados, bananas. so he essentially got fruit salad. [laughter] yeah, it was funny. >> healthy gift! >> a healthy gift! >> optimism. >> i got a great gift -- i want say it's the worst, but it's kind of like double whammy. she gave me a pair of shoes but then i open the box and they were worn. i was like, what? do you wear these? she said you like them. they were worn but i love them so i still worn them. >> did she go to the club the night before she did? >> she had worn them to school. she warned them all over the place. i told her eye l

this is a kelly extra christmas.lly clarkson show" if we didn't start with music, so let's begin with a sex six encore, this is me and my band with "last christmas," a bonus on from last year's holiday spectacular, kelly quarks and presents when christmas comes around. [cheers and applause] ♪ ♪ ♪ last christmas i gave you my heart ♪ ♪ but the very next day you gave it away ♪ ♪ this year to save me from tears ♪ ♪ i'll give it to someone special ♪ ♪ last christmas i gave you my heart ♪ ♪ but the very next day you gave it away ♪ ♪ this year to save me from tears ♪ ♪ i'll give it to someone special ♪ ♪ once bitten and twice shy ♪ ♪ i keep my distance but you still catch my eye ♪ ♪ tell me baby do you recognize me? ♪ ♪ well it's been a year it doesn't surprise me ♪ ♪ "merry christmas" i wrapped it up and sent it ♪ ♪ last christmas i gave you my heart ♪ ♪ but the very next day you gave it away ♪ ♪ this year to save me from tears ♪ ♪ i'll give it to someone special ♪ ♪ ♪ ♪ "merry christmas" i wrapped it up and sent it ♪ ♪ w

>> kelly: merry christmas!wesome and it makes me happy. it's a wonderful commensal wonderland. it makes you happy, twinkly lights, you can live everywhere in the world, twinkly lights and all of and all of a sudden it's fabulous. are you doing anything big? >> we go and find her family wherever they are, sometimes in california. >> kelly: beautiful, beautiful. i'm going to be montana so it's real cold. >> yes, i think will go to my sister which is real fun. she's the best. >> kelly: that soquel, like a small farm? >> yet. >> kelly: whenever i was a kid, what was the toy? >> cabbage patch. my mom and my best friend's mom they would sit outside all night in front of the toys 'r' us and waited to get a cabbage patch. you can only get whenever they gave you. when they got there online, they wanted a girl cabbage patch kids, but it was a boy. like we were the only girls in class with boy stall which we tried to turn into -- >> kelly: like specialty or >> he only got to wear shorts and a t-shirt i think. i had the st

bundy, my name kelly.ting something? because i go to humor, and very dark humor. i don't know how you deal with things. >> christina: yeah, my humor shield keeps me okay, but, of course, down on the inside, you feel the things. i do have to kind of deflect, and on also make people not be scared to be around me, you know, when people see me now as a disabled person, i want them to feel comfortable that we can laugh about it. i have a song that i wrote called "dis-aby, baby, hurry down the chimney tonight ♪ ♪ i can't, my wheelchair won't fit." >> kelly: you are like me. >> christina: being diagnosed with ms last year and what happened to my body, to my mind, not my spirit, everything, of course, i didn't want to be around anyone, but i had to go to work, i was not forced to go to worork, but i madee s sure te finish the show. we had to finish the show. that was a part of my family. linda card illini, everyone there, my family, and i pushed as hard as i could for that. it was incredibly difficult. then i went

or with kelly and anna when we come back!r te doing? for sure.. seririously? one up thehe power of f liqui one upup the toughghest stain. anany further r questions?? uh u uh! onone up the p power of liqui with tidide pods ultltra oxi

if >> kelly: i love that! i love a good surprise. 25 years difference, i have to remind him. >> kelly: you've been together for like 20 -- >> 25. we got married 22. there we are! [applause] aww! you know what? he's been working like every hour that god gave, but it just happened to coincide that the week of our birthday he had five days off, so it was like we both like golf, a kind of want to go somewhere fabulous, so he mentioned if you place, your choice, darling, your work. your choice. and he said you want to go to morocco, don't you? and i went yeah. so we went to morocco and we had a five date -- it was a wonderful time. but you know what? it's really interesting because when you share the same birthday -- when we were dating, it was the coolest thing ever. ten years on get a little pissy about it. first of all, what am i going to buy him? and then anyway -- but we always have plans we do spend it this year together. >> kelly: that is lovely. you are on saying marriage is -- it only goes well when you have two bathrooms, right?

kelly: we are going to be talking about it for sure. and pat ryan's rate in new york and he won talking about upstate new york and reproductive rights and goes to your freedom, period, you know. it is almost bigger but we are going to keep talking about and talking about the contrast and hopefully we can do something where we hope the safe havens like illinois is a safe haven state and not a lot of those around us and i know talking to planned parenthood and others, we are overwhelmed of people coming to the state of illinois and welcome them to keep coming, but there might be health-needed resources so that we can make sure that we deal with everyone in a safe way. tina: g.o.p. has put a national ban. do you believe you can stop with the national 15-week ban -- [indiscernible] ms. kelly: i don't think they are going to be successful. you know, thank god for georgia. [laughter] ms. kelly: even if it passessed in the house and i think more moderate republicans have a sense of freedom right now. i don't want to speak for them. but i just

: okay, y'all, welcome to "the kelly clarkson show"!um. a adele starting her vegas residency after having to postpone earlier this year. a lot of fans freaking out because i wanted to see her and i'm excited to see her in vegas. our first guests played vegas a number of times, not as a singer but a comedian. you know him from "home improvement," the toy story movie, and he's back now as santa claus in the new series "the santa clauses." to catch the first two episodes streaming on disney plus. everybody welcome tim allen! [cheers and applause] ♪ ♪ you can sit anywhere you like! >> look, live people! >> kelly: i know it's not a virtual! year here in person! it's nice to see you! i'm freaking out about "the santa clauses" but i hear that you love changing the -- >> that's a weird story that your people came up with -- >> kelly: that you don't do. >> i do. i walk into somebody's room and it's just great -- just constantly i'm on the road a lot. movies and tv, i do vegas and travel and i look at those you get out of a motel every floor ther

look like and 45. >> kelly: you look 19. >> chelsea: i look like lion king. >> kelly: that is what you

kelly, whaare

i'm kelly evans. and here's what's ahead. stocks are down again today, key yield curves are getting more deeply inverted. jamie dimon says we've never lived through a time like this, so how do you invest we'll get some advice for 2023 the housing market, as we know, slowing rapidly. the equifax ceo saying earlier today, we're already in a mortgage recession the numbers that show just how quickly things have changed. plus, the georgia senate runoff today. the race is close and the result is critical. why a 51-49 senate is much different for business than a 50-50 split. but first, we begin with the market numbers for that, back to bob pisani at the new york stock exchange. bob? >> kelly, good to see you, as always the bottom line is very simple this mini boom let that began with jay powell last wednesday remember that speech it's basically over. we've completely on a round trip take a look at the major indices right now. dow industrials are being weighed down goldman is notably weak today. basically, it's a very defensive day t

scott kelly joins us next. ott kelly joins us next.fter a long week of telling people how liberty mutual customizes your car insurance so you only pay for what you need. showtime. whoo! i'm on fire tonight. (limu squawks) yes! limu, you're a natural. we're not counting that. only pay for what you need. ♪liberty. liberty. liberty. liberty.♪ when moderate to severe ulcerative colitis persists... put it in check with rinvoq, a once-daily pill. when uc got unpredictable,... i got rapid symptom relief with rinvoq. check. when uc held me back... i got lasting, steroid-free remission with rinvoq. check. and when uc got the upper hand... rinvoq helped visibly repair the colon lining. check. rapid symptom relief. lasting, steroid-free remission. and a chance to visibly repair the colon lining. check. check. and check. rinvoq can lower your ability to fight infections, including tb. serious infections and blood clots, some fatal; cancers, including lymphoma and skin cancer; death, heart attack, stroke, and tears in the stomach or intestines occu

great to see you >> kelly, good to see you. back no, they're not going to get me to put on a suit get out of here with that nonsense. >> people are so furious, and he's trying his best to claim denial do you know him personally >> no. goodness, no why would you not be curious one of the biggest financial crimes in recent memory, yeah, if i were someone who committed a massive crime, seeing prison sentence, i'm sure he's lying about everything no, everyone thoob violently upset. bitcoin's plague is the alt-coin criminals, but what are we going to do? i've been seeing this for ten years. we keep moving and building. >> i'm sure the bulls will be relieved to hear there's a legitimate use for this, but it's ironic that -- powering transactions in other currencies would should i be a holder the bit coin when it's just going to end up being like a payments network. >> there's a lot to take in. everyday person on the couch has a tough time keeping up, but we'll divide it into two you should look to hold things that are scarce, right i

kelly?a, sl green, manhattan's largest office landlord, now saying they're going to cut the dividend. >> yeah, exactly and as part of that also their fundamentals, though, are not as great. as we know, that return to office is not doing what people thought it might do. and we're just seeing work from home continue. and that's hitting the office sector very hard, especially in new york, where you're seeing tech layoffs as well and that's just adding to the concern there. >> where should we be watching next, diana, for investors who might be skittish about their exposure to these real estate sectors? >> well, you know, the problem here is that the stocks are not following the fundamentals so when you look at some of the fundamentals of these, look, apartments are weakening, rents are coming back a little bit but there's still plenty of demand out there. and again, for warehouse it is still strong you have to look at each sector by sector. retail is actually doing a lot better than a lot of peo

, kelly.ang so much for bringing that to us. also these reports coming in, the pentagon, top the democrats, obama officials warned about this, more terror attacks, even civil unrest worldwide as biden's prisoner swap releases a dangerous international arms asker. more on how these obama officials warned he does want to kill americans. plus, democrats attack kyrsten sinema proving her point for why she switched to the independent party. this question: is the biden agenda in jeopardy? washington examiner's byron york takes it on next on "the evening edit." >> it's a reflection on the democratic party and just how excream and effort -- extreme and left wing it's become. they're essentially drummed her out of their party. ♪ ♪ (woman 1) i just switched to verizon business unlimited. it's just right for my little business. unlimited premium data. unlimited hotspot data. (woman 2) you know it's from the most reliable 5g network in america? (vo) when it comes to your business, not all bars are created

so, drink up, kelly. just a timing issue, or, you know, in a way you wonder, could the champagne-producing region end up migrating or something like that >> well, it can't migrate far because champagne is called champagne because it comes from the champagne region of france you can get sparkling wine anywhere really. they make it england i just learned that yesterday. there's process coe in italy and sparkling wines. champagne has to come with champagne. they're stuck with whatever the climate is it's not just the climate but the wildfire risk. and we saw so much of that in california >> it's a good point it's become much more common i have a thinking that at home there's press sec coe, sparkling wine, it's almost becoming a commodity. i know people want the champagne itself for the high quality, making a statement and all the rest of it could those other categories come to supplant champagne and even with the market share, especially with these existential risks. >> of course it could. but you go back to

fairly symmetrical, kelly. at the lows at the session, we were down about 22 points, up about 20 at the highs of the session. we're tilting towards that higher end of the range right now. 38.29, the last trade for that broader s&p 0037 the nasdaq composite, up 25 points. one quarter of 1% advance. so a little bit of an underperformer today, and the dow industrials up about 150 points 1.5% of 1% so fractional gains. and at this point, the bulls will take it we've seen a nice downdraft since the fed announcement this past week. one place to keep an eye on the marketplace, it's being talked about a lot. kelly mentioned what would happen with the bank of japan and that surprise move on interest rates what that has done is at least put some volatility on the currency markets that has now taken the dollar to the downside, relative to many developed market currencies. this etf bullish etf ticker uup tracks that dollar index over the past of the course year, going from the beginning of the year to the highs, you're tal

learn how abbvie can help you save. >> scott kelly is senator mark kelly's twin brother.e arizona senate campaign, assuring democratic control of the senate, scott kelly went to ukraine. scott kelly, like his brother mark, he's a former navy pilot and a former astronaut. scott kelly spent 340 days on the international space station in collaboration with russia and got to know russian astronauts. in late november, scott kelly traveled to ukraine, where he met with president zelenskyy. scott kelly tweeted, arrived in kyiv this morning to see for myself the atrocities committed by russia and the support necessary for ukraine. scott kelly visited a children 's hospital in kyiv, where he spoke with victims of russia's attacks and travel to other areas bombarded by russia in the early months of the war, including areas where russians are accused of war crimes. scott kelly tweeted, the depravity of russian destruction has no bounds. joining us now is scott kelly, former astronaut and retired u.s. navy captain. thank you very much for joining us tonight, captain kelly. you have s

and then she met an astronaut. >> well, we're here today with the kelly brothers, scott kelly, the commanderse i would give is, what's the like to not be a twin? we were kind of pretty wild. pretty much every day, we would get into fistfights. some of these fights would last hours and hours. because we were so evenly matched. >> we grew up in new jersey. my parents were police officers. i initially was trained in the navy in corpus christi, texas. then i was deployed aboard the aircraft carrier "uss midway." >> just two hours ago, allied air forces began an attack on military targets in iraq and kuwait. >> i flew 39 combat missions over iraq and kuwait. had a couple of surface-to-air missiles shot at me. >> mark and scott kelly were selected by nasa to be test pilots. >> we both applied to the astronaut program and were fortunate enough to be selected to the same class in 1996. >> tell me how you two fell in love. >> where did we meet? >> vancouver. vancouver. >> vancouver on the way to an overseas trip. >> gabrielle giffords, then an arizona state rep, and astronaut mark kelly, met in 2003

kelly?er charge rates in november that kind of thing surprised bitcoin is holding up frankly with everything happening. usually see rationale below ten. what do people say somewhere. >> rate sensitive. crypto-specific news hitting bitcoin hard as it may have a couple years ago at this point seems more set to things like the u.s. dollar strength and interest rates. really was the big mover other than that, within all of this ftx drama, what's going on with specific crypto companies, actually has really not performed too badly in the context of what it probably would have dawn few years ago. it's become more of a mainstream investment in your average portfolio and it's very much traded like a risk asset also outperforming smaller toks riskier, seems crazy, but better than the rest. >> it's not ftt. that does it for "the exchange." dow down just under 900 points "power lunch" begins right now. >>> you mentioned, kelly, dow down 900 points. sell-off on wall street inte intensifying i'm in nor ty

>> hey, kelly. well, those protests may have worked over the weekend multiple cities relaxing covid-19 restrictions in shanghai specifically residents do not have to present a negative covid test to enter an outdoor venue and wall street is taking notice morgan stanley is upgrading its outlook on the country analysts there writing, "multiple positive developments alongside a clear path set toward reopening warrants an upgrade and index target increases for china. and that's once again fueling shares of chinese tech stocks from large cap names like alibaba, baidu, jd, to tencent and pinduoduo. they've come off the highs we were at at 5:00 a.m. eastern time the hang seng index which does represent the 30 largest technology companies listed in hong kong, surging overnight it was up as much as 9%. and as the hang seng index you can see closing up by 4.5% the rally in chinese tech stocks and just the broader index started back in november when the kweb chinese etf posted its best month ever since incepti

>> kelly: for art. >> yes, for art.oing to do whatever i want, i am cher. >> kelly: [laughs] that is my favorite! do you remember that? >> cher: yes, but i don't remember it coming out like that. but i love him, he is so funny and so ready to do anything which i like, because i'm very

kelly? >> bob, stay right there with us our next guest says he's bracing for 6% interest rates from the fed next year, and that it may be decades before we see zero interest rates again so how do you invest let's welcome in ryan bellinger, managing principle at calero advisers this is about this idea that there is an alternative to stocks and a number of major investment people tell us, short-term treasury bonds look pretty good here that number keeps growing. >> yeah, certainly nice to be with you again, it's been a really tough year the worst year for bonds on record, as bob just mentioned, down 20% or so in the s&p 500. that's the worst since 2008. so i think everyone is just really looking forward to getting out of 2022. and seeing what 2023 might bring as far as the investors. >> right, but i think you're even more hawkish than some of the hawks here very few people think that the fed is taking the fed funds rate all the way up to 6% why do you think they will do that >> i think some of

kelly? >> jon, thank you. hi, everybody. and let's look at the markets where we're sinking again throughout the day just off session lows. the dow is down 417 points all 11 sectors in the s&p are lower. 3935 to bob pisani's point last hour we've kind of round-tripped to where we were before we heard from powell. way down in energy and tech particularly today oil trading poorly the s&p's down four days in a row and the nasdaq is down another 2% take a look at big cap tech as well meta down 6% today amd, nvidia down 3%. apple down 2%. 143 the latest there and according to cnbc.com morgan stanley cutting 2% of its global staff. the move impacts about 1600 of the company's 81,000 employees shares are just off session lows, jon, down about 3.2% >> yeah, kelly, and as you just mentioned one of the biggest questions facing the economy is whether the consumer is stressed according to jefferies credit card balances are growing up 15% year over year meanwhile the savings rate falling to 2.3% vs. the p

. >>> "power lunch" with kelly evans. welcome to the program here is what's ahead, a winter freeze but we are not talking about the weather, we are talking about home sales pending home sales down nearly 40% from only one year ago that is the second lowest monthly reading in 20 years. so who is really to blame? is it the feds for raising rates or is it the government for helping spike inflation, which forced the fed's hand in the first place? former fdic chair sheila bear is here on this and why the fed may have to pause sooner rather than later. that's all ahead on "power lunch. let's find out how your money is doing at this hour kelly evans, long time no see. >> welcome, brian. hi, everybody. here is a quick look at stocks, we were down 315 the lows for the dow just under 200 point decline, the nasdaq down about .85% according to bespoke if that decline holds this will be the nasdaq's worst december on record bond yields moving higher, the yield on the ten year at 3.877, right now, highest since mid-november apple off t

phil >> it's all about timing, kelly.nited being down about 7% with this order that's separate. that has to do with sentiment regarding airline stocks when you look at this order, look how huge this is. the largest ever for a u.s. airline. we're talking about 100 787 dreamliners, an option to order 100 more, and 100 737 maxes, 56 order, and options being exercised on 44 others for you nighted, the timing makes sense. why? because the supply of new aircraft is going to be fairly constricted over the next several years. it wanted to lock in delivery slots. when we talked with ceo scott kirby, he said this is all about making sure they get the planes they want when they want them. >> demand is fully recovered, but supply is going to be below trend for years to come. and we want to get ahead of that curve, we have gotten ahead of that curve it's going to be really hard for anyone to catch up to us >> i give lots of credit to the united leadership team for understanding the world's supply constraints and wanting to get that oa

>> kelly: thank you. >> ryan: you are very welcome.'s favorite day of the week, wednesday december 21st. >> kelly:

♪ ♪ [cheers and applause] and now, here are kelly ripa and mark consuelos! >> kelly: here

shares are up 3% kelly? >> kristina, thank you very much, kristina partsinevelos >>> markets have been reeling since the fed's hawkish meeting on wednesday, but my next guest says they're still not getting the message. the fed will have to be a lot more hawkish for possibly years to come because of big changes in the labor market. joining us is diane swonk, the chief economist at kpmg. also with us, steve liesman. before we dive into this, you do have some fresh headlines. >> to go right along with this conversation once again, hawkish comment from one of the most dovish members or previously one of the most dovish members of the fmoc, mary daly saying 11 months is reasonable for how long the fed may have to be on hold and it may need to hold rates at a peak rate longer than it usually does every one at the fed, she says, expects to hold rates all of 2023 and she does not understand why markets are so optimistic about inflation, something we've been talking quite a bit about, this gap between markets and the

you know me, kelly i talk to everybody. a taxi driver in the netherlands about how he and his family are dealing with higher costs and everything i'm glad it's like raining because i don't want you to see, it got me a little bit choked up here's a tiny little clip of the interview and about how his family is dealing with it. >> i was working five days now i'm working six days >> sorry is anybody telling you it's going to get any better or is it going to get worse >> everybody is saying something, but we don't know we will see. >> yep >> i have three daughters and my wife was working 16 years for coffee company and 570 people are fired so she doesn't work >> his wife got laid off he's working six days. he later told me he and his neighbor are going to alternate days heating their home. by the way, the german government is saying to people expect blackouts and power losses they post tips and suggestions this is publicly available on the german disaster relief website. they're saying things like wear sweaters fine, whatever us

kelly? >> we also heard from some experts say, the government doesn't have unlimited talent and resources when it dcomes to litigating these cases this one would probably get the best resources how much of a -- how much can they tap in here how much do they have in terms of financial resources, the legal muscle to throw at this, and all the rest of it >> certainly, nothing compared to what microsoft has, not only in house, but also what microsoft is willing to bring on in terms of external resources and outside larm law firms and experts and consulting firms that doesn't matter to the ftc its playbook has been to challenge as many cases that they possibly can where they see any inkling of a concern they're, of course, rooted in the law. they did make an argument as to why they wanted tochallenge this, but in hopes that even this specter of litigation, as we were just mentioning, causes the companies to walk away and whether those string of recent setbacks now causes companies to rethink that

i'm kelly evans. and here's what's ahead today. stocks are getting a pretty nice lift from better than expected earnings have you seen shares of nike, by the way? consumer confidence also beating expectations but housing stuck in a deep freeze and the fed and the market are still on two totally different pages for 2023 we'll tackle it. >> plus, rising rates have crushed the mortgage lenders, but we have the ceo of rocket companies, and what his company is doing to try to soften the blow and attract customers >>> and there are changes coming to your 401(k), courtesy of congress and their $1.7 trillion funding bill we'll tell you what you need to know and what was not in this big legislation. but let's start with today's markets. kristina partsinevelos is here with our numbers >> you just mentioned, who do you believe, kelly do you believe santa can come next week ahead of the year end? if we're going to talk historically, the last time the major averages closed in the red for december was 2018 with much of that action happening in t

>> no, thank you, tyler and kelly.s are searching for direction early right now before picking up some steam as the bulls hope to break a four-day losing streak. this is the make-or-break hour for your money welcome to "closing bell of." i'm dominic chu in for sara eisen today. the dow industrials up by one-third of 1%, the s&p up by 0.2 of a percent. small caps up half a percent and the 10-year benchmark treasury note just a hair

i would see him probably once a week. >> sometimes max tells kelly where to find him.ench where they've met dozens of times before. but more and more these days, he's nowhere to be found. >> i love this picture. that was at our cottage. >> he was a good brother to down. >> he was wonderful. >> kelly and her father steve want to give me a sense of who max was before his mental illness took over. what was his personality like? >> he was really, really bright from the very beginning and we were very, very close. >> yeah. he -- you know, one thing about max, he was always happy. just the happy -- >> he was a happy guy. ♪ ♪ >> growing up in the upper middle close suburbs of chicago, max had everything going for him. he was popular, athletic and a good student. when he was a boy, do you ever notice that -- >> nothing. >> anything was off at all? >> no. he was easy. he was never a problem. never. >> then at 19, max just snapped. >> he just changed. and i -- >> how so? >> he was bizarre. didn't listen to anybody. but i just put that together as a typical teenager and just got