mastercard said it was better than expected. i look at the xrt. down 4.5%.s a rough month for the markets overall. why aren't we seeing better retail stocks if everybody thought it was better than expected? >> keep in mind the 3.8% from mastercard and 5% from visa. expectations were 3% to 3.5%. it wasn't promotional. it was in line with expectations. some of these names, as you called out, have already done well. when you think about the 70% of abercrombie. we had a good year. plus the fact that you look at companies that transformed. gap and victoria's secret. urban outfitters. when you think of the next, i think it is the year of the social, service, supply chain and surprise are the topics that fit in. who will drive traffic next year? warby parker with the traffic to the stores now. value still wins like tj or walmart. >> the four ss. i want to go and talk about service. what do you mean? so many people buy things online. when i go to the store, i grab it myself. what is the service? >> i think the service, overall, you are getting better service at stor

we have companies like mastercard or ntt or pattison food group using our quantum computing today in production to benefit their business operations not 30 years from now, not 20 years from now, not 15 years from now, but right now today. >> and just look at the move in d-wave stock in one year over 665%. it is down more than 30% this week >>> elon musk scaling back his expectations for the department of government efficiency speaking during a live chat on x last night, musk calling his goal of $2 trillion in spending cuts a quote best case outcome he knows people in the government who care abouteffect the system prevents them from doing so. >>> and president biden reportedly planning one more round of export restrictions of a.i. chips during his final days in office. the aim is curb the chip sales on a company by company basis to avoid getting in the hands of russia and china in a statement, nvidia says the last-minute rule restricting exports to most of the world would not reduce the risk of mi use, but threaten economic growth and u.s. leadership frank. >> a lot of pushback nvidia

biggs de pasadena está detrás de este apoyo que estamos haciendo es dando 250 $ en un gift card mastercard50 $ gift card. muchos también llegaron con donaciones. qué trajiste aquí para ayudar a la comunidad? claro que sí. aquí, como ven, hay muchos adolescentes de diferentes escuelas. yo me junté con ellos. todos traemos muchas aguas como se ven. traemos un poquito de comida. aquí tenemos muchas cosas para el. para el baño. tenemos papel. tenemos toallitas sanitarias para mujeres, jabones y lo más importante, darle una sonrisa a los más pequeños en estos días tan difíciles para ellos. bueno, césar, y como ustedes vieron esas imágenes, la comunidad se ha unido. ha sido completamente increíble ver como hasta los más pequeños están aquí donando lo que las personas necesiten, que han sido afectadas y como ustedes lo experimentaron al principio, pues se fue la señal. y eso es parte de lo que estamos viviendo aquí en los Ángeles día a día, porque hay muchas zonas que tampoco tienen electricidad. y llegué aquí el martes, chicos. y déjenme decirles que han sido días impactantes porque yo estuve cu

full of total of disapproval in the center of the city, whether it is right, the army committed a mastercard against i've, how does the somebody i'm talking to you for a place where and tell us how many have been killed know well, live to tell the story, 7 family members have been killed the flow of how does in time, and then allow me just to go in, show you the scale of destruction here. and this is who on the floor which shuts within the ground. and at the same time, low clothes of trying to look for the remaining of the dead body of housing family. so with that being inside the school is a safe audio, a safe place here and god is just an illusion. and because of being things off of the day, i of the so how does the and suddenly every think that's and then i mean, we were peacefully sleeping and were taken by surprise as an, as really were playing fire the mr. island, the school building. the concrete troubles fell on me and my children. we hardly crawled our way out to you. i came to find the messiah to have landed on the classroom where my brother is taking shelter with his family. can s

without any sort of warning this way, the army can receive a mastercard against the hoods comedy and as you have one neighborhood killed entire family. and this is the bumps high for these white all me committed. the mess across in the uh, i should have one neighborhood unless it gets inside of the bones house and show you how it looks, likes and show you the level of destruction was people are trying neighbors are trying to fill out the dead bodies from under the rubble. i kind of smells, i kinda smell the blood that kind of smells the bones. the human flesh. again above the law. this is a human to have been killed by the is a tax against the whole family and this other? no. the mother in the, the house was targeted by the israelis around a 1000. people have died. how we did manage to recover only 2 from under the rubble . as you can see, there is a did body of a matter thing over there. we failed completely, even with the help of the civil defense team to recover him because they don't have proper equipment. we couldn't take this matter out. so what can we do for those who are unde

military says the lack rama is responsible for a series of attacks in recent weeks, including a mastercard of 15 villages. alda 0 is accurate, it has gained exclusive access to the area. this is a war. nigerians military commander say must be one. and quickly after 15 years struggling to contain both lot of them, they say the country cannot afford. i know the ideology driven. i'm just at a base here us. when we tempted this vacation, we made a lot of resistance from the local airlines because this is one of the store who did usually come yeah, in the fifty's, hundreds, dakota, i mean a lot of up to the bush deluxe, we're always in a group said to be affiliated with iso which operates in nigeria, northwest. it was a groups attempt to extend its reach to other states that resulted in fees and grounded tax from the nigerian military army. come in to say new hardware has been critical to the success sofa. this vehicle eludes, give the food of more confidence once an image in where the it also solved us if 1st multiply. why? because to the end of the new window we have this capacity discoverabi

the attack and sent us this report without any sort of warning this way, the army can with its a mastercard, against the hoods comedy. and as you have one neighborhood killed entire family. and this is the bumps high for these way the army committed, the mess across in the, at a ship of one neighborhood. and let's get inside the bones house and show you how it looks likes and show you the level of destruction was people are trying as neighbors are trying to well out the dead bodies of, from on the, the rubble i kind of smells. i kind of smell the the blood that kind of smells the bones, human flesh, i begin to buckle or the law. this is a human to have been killed by the israeli attacks against the hood family and this other. no. the mother in the house was targeted by the israelis around a 1000 people have died. we did manage to recover only 2 from under the rubble. as you can see, there was a dead body of a magic thing over there. we failed completely. even with the help of the civil defense team to recover him because they don't have proper equipment. we couldn't take this matter out. so

and suddenly the european union suspends it's purchased this uh, it is becoming clear that it's a mastercard, or for a week and a farmer's suffering. and we are going to run out of places to bring our products because we are asking our politicians and the european union to urgently find a solution to this problem so that farmers can see the benefits of their work on the fields were poorly d, c, c, o, ne, i'm going to need if we are saying that it is cocoa or coffee that causes deforestation. i think the european union has the wrong target. and when i say that the european union has the wrong target, it is because when we plant cocoa trees, we reforest 1st cocoa as such, is a reforestation process. now or more that i will fairly sound. so up k, y, do you see that the d r c alone plans to produce at least 3000000 tons of cocoa by 2030. that is already a broken dream. and if you go back to benny, most thousands of people have invested considerably in this cocoa cropping, which we turn so much to our population during their suffering from life difficulties and cocoa. so it was like a source of h

so it coming up a new used a mastercard and gaza is ready for is, is killed, thousands of palestinians that a residential home. and giovanni, a, a mine rams, a pickup truck into a crowd in the us city of new orleans and opens fi getting at least 10 people and injuring more. 35. now does the exclusive, serious new find this to talks about how the over sort of what shuttle assets help prevent a war with this route, the miserable living conditions across garza are getting worse by the day. tens of thousands of palestinians forcibly displaced by relentless is ready bombardment. and now being flooded out of the tents by days of heavy rain is making it even more difficult for families struggling to just keep the children warm. many of the tents and making shift shelters no match for the downforce and heavy wind. a lot of them are already damaged for months of use and can no longer keep out the elements and the weather is expected to improve in the coming days. but for some, it's already too late. in the whole, the revisited one family crammed into a single tent mustang woman dry. it's often

the only thing with its a mastercard, i can double determining and she has one neighborhood from the house at the story and the life of the ongoing is where you used to lation over tax. i'm now standing above the family here and actually yeah, yeah, neighborhood. the display of the reported progress in guns a ceasefire towards israel has kept top is of tax through the night and into the early hours of wednesday. the funny part of this is though, just realized though, how so coming up is rose is also targeting the janine refugee camp. you'll find westbank, least 6 public students have been killed. as i'm being president elect donald trump . i always just hours away from being so.

i mentioned the mastercard numbers also showed better growth than expected, and what we saw last year bank of america shows us where the growth is coming from when it comes to the consumer in the market and i thought this was a good deep-dive in the consumer note. the themes that worked in the market, e-commerce, and we have seen online spending boom, and the cruise lines had a good year. it was not universal. china revenue exposure has been a weak spot because of the growth there. fast-food restaurants didn't have a particularly great year and neither did las vegas names. wasn't overall inclusive but a good performance for the consumer. >> i have to imagine walmart was in the consumer -- >> costco had a good year. >> walmart, the standout, really. >> amazing. >> meanwhile the investigation continues into the new year's day truck attack in new orleans. this morning at least 15 are dead and more than 30 are injured. anybody news reporter, chris pallone, jones us on that as well as the tesla truck explosion outside the trump hotel in las vegas. what can you tell us? >> authorities in ne

companies like interpublic group or mastercard. >> allen, to follow up on the dead -- development and there is another question hanging over quantum computing, the degree of government support industry might need and might be seeing. what more can washington do to help support development in this area? government support is certainly important. i will say, at d wave, we built our business from -- primarily on commercial customers. we had over 70 commercial customers. government support is important. we have an issue now. the premier u.s. government funding mechanism for quantum was passed during donald trump first administration. it was due to be authorized almost a year and a half ago. under biden, it has still not been reauthorized. we are hopeful that with trump coming back in it will be authorized to provide incremental funding to the quantum industry. caroline: there have been incremental and significant breakthroughs of light with quantum. the reason your shares have been up into the right sick -- to significantly has been at the announcement, for example, on the willow chip com

is $1$100starting to be broken up, putting more transactions on the payment rails which benefit mastercardhich are in our capital efficiency etfs. when we see that it's a new normal. that reflects the fact that interest rates themselves might be coming down but the yield being higher reflecting the fact that we're going to be in a structurally higher rate environment but people are surviving it in the short-term so hopefully that's about as care as we can get on being positive on the banks. maria: what i'm trying to understand is how significant this spike in rates is. i mean, are we going to hear the major banks talk about this impact to their bond portfolios being an issue for 2025? do you think this spike in rates is going to be the topic in their guidance for 2025? >> i do think it will be something they're going to discuss because it's a little bit of an elephant in the room. i also believe over the past 18 months or so they've done a lot of sort of rationalizing and combing through their portfolios to make sure they're not as exposed as a lot of those smaller regional banks were a co

we have companies like mastercard or pattison group that are using our quantum computers today in productionnefit business operations. not 30 years from now or 20 years from now or not 15 years from now, but today. moreover, we have been able to solve problems on our computer in the area materials simulation in minutes that would take well over millions of years to solve on the fastest, which by the way have been massively parallel computers. they should think a little bit about that. we are solving problems in minutes and it would take millions of years to solve them on massively parallel systems that he provides. i would be happy to meet anytime and anyplace to fill in these gaps. >> i got the opportunity to get to know him a little better over the last month or so. your approach is very different than what huang is talking about. it's limited to optimization problems and you don't play in the same field. is that correct? >> no. when we say we are limited to optimization, that is not an accurate statement. we are very good at solving optimization problems. frankly, optimization represents

charles: real quick, mastercard and american express, progressive, you also like industrial.rials too. i've been disdo appointed with them. you say deere and and caterpillar are the place to be. >> i think so. we should have some increase in infrastructure ifivity. that will also -- productivity. that will also lead to increases in cap-x with the new administration coming in, the onshoring and deregulation. if we get more cap-, and, deere and caterpillar are areas that should be growing and have a good a place in your portfolio. charles: all right. good stuff, victoria. thank you, as always. >> see you soon. charles: see you with soon. already, so my next guest is eyeing three names driven by productivity, right? quality names with big upside potential. ken car/s on if is here, and he'll share them with us right after this. ♪ when a tough cough finds you on the go, a syrup would be... silly! woo! hey! try new robitussin soft chews. packed with the power of robitussin... in every bite. easy to take cough relief, anywhere. chew on relief, chew on a ♪ robitussin ♪ it's time to f

and it's a prepaid mastercard. it's very small, $250. but i interacted with hundreds of residents of the altadena area that lost their home. and when you see the grace and the determination and having people ask me, how are you? how are the firefighters and you're dealing with somebody who's lost everything, that's who. that's who. we need to take our inspiration from and double down because that's who we're here for. as far as the foundation goes, we're we're expending the resources we have. we're getting resources in. we're going to be there. if people are looking for a donation, i'm not necessarily wanting to do a pitch, but the california fire foundation.org, those donations, we go right directly into the community as, as as as low down as we can get to have the most effect on the citizens. it we're just in one of those spots in our, our nation, you know, with social media and, and instant instant news and everything. you just don't know who is talking or, or if they know what they're talking about. and i would caution people don't b

a new used a mastercard and gaza is ready for is, is killed, thousands of palestinians that a residential home. and giovanni a, a mine rams, a pickup truck into a crowd in the us.

joining us now is michelle of the mastercard economics institute. great to catch up with you.ably one of the littlest things we think about when considering wildfires and devastation it is having on people and families. but as economists we are trying to understand what is happening in the economy and the markets. it will be noisy in the coming months, so you will see a lot of people trying to check out -- x out to the impact of california. lisa: it raises some notes of pressure we have in the housing market, the idea they will have to rebuild at a time when housing shortages already were prevalent in the area. how much room is there in the economy to compensate for some of these things at a time when people say it is a finely balanced labor market? >> think about the inputs into the equation in terms of raw materials and labor and capacity to add that much housing stock as quickly as it needs to be added. that said cut we should be seeing stimulus, which should help encourage and speed up that rebuilding process, but it is going to take time. the devastation is tremendous. li

nida richardson of adp, chris harvey, michelle meyer of mastercard and veronica clark of citi.ust gonna take what the markets gives me? no. i can do some research. ya know, that's backed by j.p. morgan's leading strategists like us. when you want to invest with more confidence... the answer is j.p. morgan wealth management matt: 30 minutes until the start of trading. i matt miller. sonali: i'm sonali basak. katie: and katie greifeld. bloomberg open interest starts right now. sonali: an upside surprise for the labor market. great cuts are back on the burner. we get the first kate -- take from julie su and

usually a theme in the free, the mastercard, or you will develop of to e. what, what do you may be unavailable for the 30th to provide me that when your mind really sure of is difficult? yeah, it's a new poignant you mention it to any important for it. and i'm wondering what else? cuz i didn't know it might save me is through just what i did. it is easy and when we can find deals or with book, you can see the notes that i can use. those are, i'm not, i'm not certain lice, use the restroom, unappreciated to useful is obviously new to me and you could have, she's concluded, would it be similar to the human machine don't like the most computer to break it. there's no working friendship to devote your daughters do the russian gains portions of villarille's book alicia, inhabited by roo, since of young shame and thoughts of less opponent, remaining postway as hence the pressure takes upon the rainy and central no limit of ships from around the royal prussia, as well as balance of great opponents. the russia is a gain with turkey and brush it up, or looks poland